ADAPTEC – BALANCE SHEET ANALYSIS ($ in millions, except as specified)
1/1/10
10/2/09
7/3/09
3/31/09
12/26/08
9/26/08
6/30/08
3/31/08
86 295 7 2
90 295 8 3
102 281 11 4
112 265 12 4
90 281 17 7
147 310 18 7
236 396 20 6
240 386 23 10
Assets Cash Short-term investments Accounts receivable Inventory Other current assets Total current assets PP&E Goodwill and other intangibles Long-term investments
15
13
14
17
22
23
23
22
405 11 17 -
410 11 19 -
411 11 19 -
410 12 20 -
417 12 38 -
505 13 40 -
681 13 -
681 13 -
Other long-term assets
3
7
10
9
9
7
7
5
437
446
450
450
476
564
700
700
9 0
8 0
10 0
11 1
12 2
17 87
15 225
12 225
Other current liabilities
11
14
12
13
19
18
15
19
Total current liabilities Long-term debt
21 -
23 -
22 -
24 -
32 -
122 -
256 -
257 -
Other long-term liabilities
11
13
14
15
15
18
18
19
32
36
35
39
48
140
273
276
Total assets
Liabilities and Shareholders' Equity Accounts payable Short-term debt
Total liabilities Preferred stock
-
-
-
-
-
-
-
-
Shareholders' equity
405
410
415
411
429
424
426
424
Shares out (avg) (mn)
119
119
119
120
120
120
119
119
380 0 380 405 21 20x 19x 405 32 373 405 17 387 92% <0% 16
386 0 385 410 23 18x 17x 410 36 374 410 19 392 92% <0% 12
383 0 382 411 22 19x 18x 411 35 376 415 19 396 92% <0% 18
377 1 376 410 24 17x 16x 410 39 370 411 20 391 91% <0% 21
371 2 369 417 32 13x 12x 417 48 370 429 38 391 89% <0% 28
457 87 370 505 122 4x 4x 505 140 365 424 40 385 73% <0% 26
632 225 406 681 256 3x 3x 681 273 407 426 426 61% <0% 32
626 225 401 681 257 3x 3x 681 276 405 424 424 61% <0% 37
-2% -1% -1% -1% -1% 0% -6% -24% 12% 25%
-1% -1% -1% -1% 1% 0% -29% -19% -13% -33%
0% 1% 1% 2% 2% 1% -8% -12% -10% -12%
-6% -4% 0% 0% 2% 0% -30% -41% -13% -25%
-16% 1% 2% 1% 0% 1% -9% 8% -29% 9%
-19% -1% -10% -10% -9% -10% -7% 7% 16% -19%
0% 1% 1% 1% 1% 0% -16% -38% 20% -15%
n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Selected Values and Ratios Cash and investments Debt Net cash and investments Current assets Current liabilities Current ratio Acid-test ratio Current assets Total liabilities and preferred NET NET current assets Shareholders' equity Goodwill and other intangibles Tangible book value Tangible book to tangible assets Net debt to tangible equity Capital employed Balance Sheet Trends (sequential) ∆ total assets ∆ shareholders' equity ∆ tangible shareholders' equity ∆ tangible book per share ∆ net cash and investments ∆ net net current assets ∆ accounts receivable ∆ inventory ∆ accounts payable ∆ capital employed
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