Adaptec 2007 Annual Report Download - page 63
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Table of Contents
PMC-Sierra, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
December 30,
2007
December 31,
2006
ASSETS:
Current assets:
Cash and cash equivalents $ 364,922 $ 258,914
Accounts receivable, net of allowance for doubtful accounts of $1,546 (2006—$1,768) 39,362 37,303
Inventories, net 34,246 34,505
Prepaid expenses and other current assets 16,266 17,164
Income tax receivable 2,365 —
Total current assets 457,161 347,886
Investments and other assets 10,747 14,653
Property and equipment, net 18,725 18,904
Goodwill 398,418 395,943
Intangible assets, net 187,126 223,629
Deposits for wafer fabrication capacity 5,145 5,145
Deferred tax assets 54,676 397
$ 1,131,998 $ 1,006,557
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Current liabilities:
Accounts payable $ 24,011 $ 19,074
Accrued liabilities 53,617 51,199
Income taxes payable — 59,428
Liability for unrecognized tax benefit 71,586 —
Deferred income taxes 2,787 2,042
Accrued restructuring costs 10,911 12,657
Deferred income 13,674 11,340
Total current liabilities 176,586 155,740
Senior convertible notes 225,000 225,000
Long-term obligations 958 —
Deferred taxes and other tax liabilities 23,023 52,657
Liability for unrecognized tax benefit 107,764 —
PMC special shares convertible into 2,065 (2006—2,099) shares of common stock 2,671 2,732
Commitments and contingencies (Note 10)
Stockholders’ equity
Common stock, par value $.001; 900,000 shares authorized; 217,285 shares issued and outstanding (2006—210,650) 237 230
Additional paid in capital 1,394,946 1,327,578
Accumulated other comprehensive income (loss) 1,437 (1,127)
Accumulated deficit (800,624) (756,253)
Total stockholders’ equity 595,996 570,428
$ 1,131,998 $ 1,006,557
See notes to the consolidated financial statements.
57
Source: PMC SIERRA INC, 10-K, February 22, 2008