SanDisk 2012 Annual Report Download - page 168

SANDISK CORPORATION
CONSOLIDATED BALANCE SHEETS
December 30,
2012
January 1,
2012
(In thousands, except for share and
per share amounts)
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 995,470 $ 1,167,496
Short-term marketable securities ................................... 1,880,034 1,681,492
Accounts receivable from product revenues, net ....................... 588,387 521,763
Inventory ...................................................... 750,075 678,382
Deferred taxes .................................................. 93,877 100,409
Other current assets .............................................. 298,517 206,419
Total current assets .......................................... 4,606,360 4,355,961
Long-term marketable securities ....................................... 2,835,931 2,766,263
Property and equipment, net ........................................... 665,542 344,897
Notes receivable and investments in Flash Ventures ........................ 1,460,112 1,943,295
Deferred taxes ...................................................... 168,718 199,027
Goodwill .......................................................... 201,735 154,899
Intangible assets, net ................................................. 246,919 287,691
Other non-current assets .............................................. 153,810 122,615
Total assets ................................................ $10,339,127 $10,174,648
LIABILITIES
Current liabilities:
Accounts payable trade ........................................... $ 254,459 $ 258,583
Accounts payable to related parties ................................. 214,806 276,275
Convertible short-term debt ....................................... 906,708 —
Other current accrued liabilities .................................... 257,539 337,517
Deferred income on shipments to distributors and retailers and deferred
revenue ..................................................... 248,155 220,999
Total current liabilities ....................................... 1,881,667 1,093,374
Convertible long-term debt ............................................ 789,913 1,604,911
Non-current liabilities ................................................ 407,947 415,524
Total liabilities ............................................. 3,079,527 3,113,809
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: 241,432,252 in fiscal year 2012 and 242,552,005 in fiscal
year 2011 .................................................... 241 243
Capital in excess of par value ...................................... 5,027,271 4,934,565
Retained earnings ............................................... 2,071,268 1,796,849
Accumulated other comprehensive income ........................... 165,121 332,701
Total stockholders’ equity .................................... 7,263,901 7,064,358
Non-controlling interests ............................................. (4,301) (3,519)
Total equity .................................................... 7,259,600 7,060,839
Total liabilities and equity ........................................ $10,339,127 $10,174,648
The accompanying notes are an integral part of these consolidated financial statements.
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