SanDisk 2008 Annual Report Download - page 123
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Notes To Consolidated Financial Statements
Condensed Consolidating Balance Sheets
As of December 28, 2008
Parent
Company (1)
Subsidiary
Issuer (1)
Other
Guarantor
Subsidiary (1)
Combined
Non-Guarantor
Subsidiaries (2)
Consolidating
Adjustments
Total
Company
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents . . . $ 376,052 $ 66 $ 51,806 $ 534,137 $ — $ 962,061
Short-term investments ..... 443,632 — 33,664 — — 477,296
Accounts receivable, net .... 76,733 — 1,862 43,497 — 122,092
Inventory ................ 87,612 — 1,573 511,740 (2,674) 598,251
Other current assets ........ 1,155,377 — 209,861 1,424,708 (2,246,301) 543,645
Total current assets ...... 2,139,406 66 298,766 2,514,082 (2,248,975) 2,703,345
Property and equipment, net . . . 205,022 — 33,478 158,487 — 396,987
Other non-current assets ...... 2,784,030 73,710 69,797 1,564,731 (1,665,664) 2,826,604
Total assets ................ $5,128,458 $ 73,776 $ 402,041 $ 4,237,300 $(3,914,639) $ 5,926,936
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ......... $ 81,014 $ — $ 3,379 $ 526,809 $ (211) $ 610,991
Other current accrued
liabilities .............. 1,105,212 2,166 21,567 1,841,278 (2,318,205) 652,018
Total current liabilities . . . 1,186,226 2,166 24,946 2,368,087 (2,318,416) 1,263,009
Convertible long-term debt .... 1,150,000 75,000 — — — 1,225,000
Non-current liabilities ........ 178,486 — 17,963 75,964 (8,436) 263,977
Total liabilities ............. 2,514,712 77,166 42,909 2,444,051 (2,326,852) 2,751,986
Minority interest ............ — — 151 — — 151
Total stockholders’ equity ..... 2,613,746 (3,390) 358,981 1,793,249 (1,587,787) 3,174,799
Total liabilities and
stockholders’ equity ....... $5,128,458 $ 73,776 $ 402,041 $ 4,237,300 $(3,914,639) $ 5,926,936
(1) This represents legal entity results which exclude any subsidiaries required to be consolidated under GAAP.
(2) This represents all other legal subsidiaries.
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