SanDisk 1999 Annual Report Download - page 32

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December 31, 1999 1998
ASSETS
Current assets:
Cash and cash equivalents $ 146,170 $ 15,384
Short-term investments 311,049 119,074
Accounts receivable, net of allowance for doubtful accounts of $1,871 in 1999 and $1,069 in 1998 52,434 18,818
Inventories 35,679 8,922
Deferred tax assets 17,000 15,900
Prepaid expenses and other current assets 6,058 8,276
Total current assets 568,390 186,374
Property and equipment, net 31,788 17,542
Investment in foundry 51,208 51,208
Deposits and other assets 6,338 617
Total assets $ 657,724 $ 255,741
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 30,734 $ 6,938
Accrued payroll and related expenses 8,259 3,768
Income taxes payable 5,843 4,668
Other accrued liabilities 11,378 5,077
Deferred revenue 29,383 27,452
Total current liabilities 85,597 47,903
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value
Authorized shares: 4,000,000
Issued: none ——
Common stock, $0.001 par value
Authorized shares: 125,000,000
Issued and outstanding: 65,248,308 in 1999 and 53,256,220 in 1998 65 54
Capital in excess of par value 524,066 186,066
Retained earnings 47,797 21,247
Accumulated other comprehensive income 199 471
Total stockholders’ equity 572,127 207,838
Total liabilities and stockholders’ equity $ 657,724 $ 255,741
The accompanying notes are an integral part of these consolidated financial statements
29
SanDisk Corporation
SANDISK CORPORATION CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)