SanDisk 2009 Annual Report Download - page 116
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SANDISK CORPORATION
CONSOLIDATED BALANCE SHEETS
January 3,
2010
December 28,
2008
(In thousands, except for share
and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents ........................................... $1,100,364 $ 962,061
Short-term marketable securities ...................................... 819,002 477,296
Accounts receivable from product revenues, net of allowance for doubtful
accounts of $12,348 in fiscal year 2009 and $13,881 in fiscal year 2008 ..... 234,407 122,092
Inventory ........................................................ 596,493 598,251
Deferred taxes .................................................... 66,869 84,023
Other current assets ................................................ 97,639 469,961
Total current assets ............................................ 2,914,774 2,713,684
Long-term marketable securities .......................................... 1,097,095 1,097,302
Property and equipment, net ............................................. 300,997 396,987
Notes receivable and investments in flash ventures with Toshiba ................ 1,507,550 1,602,291
Deferred taxes ........................................................ 21,210 15,188
Intangible assets, net ................................................... 58,076 63,182
Other non-current assets ................................................ 102,017 43,506
Total assets ................................................... $6,001,719 $5,932,140
LIABILITIES
Current liabilities:
Accounts payable trade ............................................. $ 134,427 $ 240,985
Accounts payable to related parties .................................... 182,091 370,006
Convertible short-term debt .......................................... 75,000 —
Other current accrued liabilities ....................................... 234,079 502,443
Deferred income on shipments to distributors and retailers and deferred
revenue ........................................................ 245,513 149,575
Total current liabilities .......................................... 871,110 1,263,009
Convertible long-term debt .............................................. 934,722 954,094
Non-current liabilities .................................................. 287,478 274,316
Total liabilities ................................................ 2,093,310 2,491,419
Commitments and contingencies (see Note 13)
EQUITY
Stockholders’ equity:
Preferred stock, $0.001 par value, Authorized shares: 4,000,000, Issued and
outstanding: none ................................................ — —
Common stock, $0.001 par value; Authorized shares: 800,000,000; Issued and
outstanding: 228,656,504 in fiscal year 2009 and 226,128,177 in fiscal year
2008 .......................................................... 229 226
Capital in excess of par value ........................................ 4,268,845 4,154,166
Accumulated deficit ................................................ (487,489) (902,799)
Accumulated other comprehensive income .............................. 128,713 188,977
Total stockholders’ equity ....................................... 3,910,298 3,440,570
Non-controlling interests ................................................ (1,889) 151
Total equity .................................................. 3,908,409 3,440,721
Total liabilities and equity ....................................... $6,001,719 $5,932,140
The accompanying notes are an integral part of these consolidated financial statements.
F-4