SanDisk 2002 Annual Report Download - page 34

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3 2 S a nD isk C o rp o ra tio n
C o n s o lid a t e d B a la n c e S h e e t s
(In thousands, except share and per share am ounts)
Decem ber 31, 2 0 0 2 2001
As se ts
Current assets:
Cash and cash equivalents $ 2 6 6 ,6 3 5 $ 189,499
Short- term investm ents 18 9 ,8 5 6 105,501
Investm ent in foundries 110 ,0 6 9 105,364
Accounts receivable, net of allow ance for doubtful accounts of $4,563 in 2002
and $4,919 in 2001 8 1,0 8 6 45,223
Inventories 9 1,19 5 57,881
Tax refund receivable 1,5 6 3 28,473
Prepaid expenses and other current assets 16 ,9 2 6 12,129
Total current assets 7 5 7 ,3 3 0 544,070
Restricted cash and cash equivalents –64,734
Property and equipm ent, net 3 0 ,3 0 7 33,730
Investm ent in foundries 2 4 ,19 7 41,380
Restricted investm ent in UM C – 64,734
Investm ent in FlashVision 14 2 ,8 2 5 153,168
Deferred tax asset 6,922 18,842
Deposits and other non- current assets 14 ,5 9 8 13,603
Total assets $ 9 7 6 ,17 9 $ 934,261
Liab ilitie s a nd Sto c k hold e rs ’ Equity
Current liabilities:
Accounts payable $ 2 8 ,2 9 4 $ 19,938
Accounts payable to related parties 2 6 ,3 4 9 24,008
Accrued payroll and related expenses 11,6 9 0 5,279
Incom e taxes payable 15 ,9 7 8 12,269
Deferred tax liability 6,922 18,842
Research & developm ent liability, related party 10 ,5 0 7 15,256
Other accrued liabilities 2 9 ,3 8 0 22,484
Deferred incom e on shipm ents to distributors and retailers and deferred revenue 4 3 ,7 6 0 11,613
Total current liabilities 17 2 ,8 8 0 129,689
Convertible subordinated notes payable 15 0 ,0 0 0 125,000
Other liabilities 2,404 –
Deferred revenue 2 3 ,17 5 4,193
Total liabilities 3 4 8 ,4 5 9 258,882
Com m itm ents and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; Authorized shares: 4,000,000; Issued: none
Com m on stock, $0.001 par value; Authorized shares: 400,000,000; Issued and ––
outstanding: 69,156,000 in 2002 and 68,464,000 in 2001 6 9 68
Capital in excess of par value 5 8 5 ,8 9 9 580,363
Retained earnings 8 4 ,7 6 5 48,525
Accum ulated other com prehensive incom e (loss) (4 3 ,0 13 ) 46,423
Total stockholders’ equity 6 2 7 ,7 2 0 675,379
Total liability and stockholders’ equity $ 9 7 6 ,17 9 $ 934,261
See accom panying notes.