Linear Technology Reports Quarterly and Year over Year Increases in Revenues and Earnings Per Share and Increases Its Quarterly Cash Dividend From $0.18 to $0.21 Per Share
LINEAR TECHNOLOGY CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(Dollars in thousands)
Dec. 30, July 1,
2007 2007
(unaudited) (audited)
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ASSETS:
Current assets:
Cash, cash equivalents and short-term
investments $ 806,633 $ 633,307
Accounts receivable, net of allowance
for doubtful accounts of $1,765 ($1,775
at July 1, 2007) 150,015 130,546
Inventories 52,486 51,075
Deferred tax assets and other current
assets 51,712 46,176
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Total current assets 1,060,846 861,104
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Property, plant & equipment, net 256,875 266,600
Other noncurrent assets 92,059 91,153
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Total assets $ 1,409,780 $ 1,218,857
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LIABILITIES & STOCKHOLDERS' EQUITY:
Current liabilities:
Accounts payable $ 12,263 $ 11,161
Accrued income taxes, payroll & other
accrued liabilities
97,869 128,762
Deferred income on shipments to
distributors 38,283 39,946
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Total current liabilities 148,415 179,869
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Convertible senior notes 1,700,000 1,700,000
Deferred tax and other long-term
liabilities 125,727 46,953
Stockholders' equity:
Common stock 978,963 902,135
Accumulated Deficit (1,545,293) (1,609,453)
Accumulated other
Comprehensive income 1,968 (647)
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Total stockholders' deficit (564,362) (707,965)
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$ 1,409,780 $ 1,218,857
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