SanDisk 2011 Annual Report Download - page 128

SANDISK CORPORATION
CONSOLIDATED BALANCE SHEETS
January 1,
2012
January 2,
2011
(In thousands, except for share
and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 1,167,496 $ 829,149
Short-term marketable securities ................................... 1,681,492 2,018,565
Accounts receivable from product revenues, net ....................... 521,763 367,784
Inventory ...................................................... 678,382 509,585
Deferred taxes .................................................. 100,409 104,582
Other current assets .............................................. 206,419 203,027
Total current assets .......................................... 4,355,961 4,032,692
Long-term marketable securities ....................................... 2,766,263 2,494,972
Property and equipment, net ........................................... 344,897 266,721
Notes receivable and investments in Flash Ventures ........................ 1,943,295 1,733,491
Deferred taxes ...................................................... 199,027 149,486
Goodwill .......................................................... 154,899 —
Intangible assets, net ................................................. 287,691 37,404
Other non-current assets .............................................. 122,615 61,944
Total assets ................................................ $10,174,648 $ 8,776,710
LIABILITIES
Current liabilities:
Accounts payable trade ........................................... $ 258,583 $ 173,259
Accounts payable to related parties ................................. 276,275 241,744
Other current accrued liabilities .................................... 337,517 284,709
Deferred income on shipments to distributors and retailers and deferred
revenue ..................................................... 220,999 260,395
Total current liabilities ....................................... 1,093,374 960,107
Convertible long-term debt ............................................ 1,604,911 1,711,032
Non-current liabilities ................................................ 415,524 326,176
Total liabilities ............................................. 3,113,809 2,997,315
Commitments and contingencies (see Note 12)
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: 242,552,005 in fiscal year 2011 and 236,501,736 in fiscal
year 2010 .................................................... 243 237
Capital in excess of par value ...................................... 4,934,565 4,709,506
Retained earnings ............................................... 1,796,849 812,653
Accumulated other comprehensive income ........................... 332,701 260,228
Total stockholders’ equity .................................... 7,064,358 5,782,624
Non-controlling interests ............................................. (3,519) (3,229)
Total equity ................................................ 7,060,839 5,779,395
Total liabilities and equity .................................... $10,174,648 $ 8,776,710
The accompanying notes are an integral part of these consolidated financial statements.
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