Freescale Semiconductor Announces First Quarter 2011 Results

 
Freescale Semiconductor Holdings I, Ltd.
Condensed Consolidated Balance Sheets
(Unaudited)
   
 
     
(in millions) April 1, December 31, April 2,
  2011     2010     2010  
ASSETS
Cash and cash equivalents $ 1,035 $ 1,043 $ 1,191
Accounts receivable, net 474 457 432
Inventory, net 742 732 617
Other current assets   267     260     326  
Total current assets 2,518 2,492 2,566
 
Property, plant and equipment, net 976 1,111 1,234
Intangible assets, net 253 309 657
Other assets, net   350     357     337  
Total assets $ 4,097   $ 4,269   $ 4,794  
 
LIABILITIES AND SHAREHOLDERS' DEFICIT
Notes payable and current portion of long-term debt and capital lease obligations $ 34 $ 34 $ 96
Accounts payable 400 431 355
Accrued liabilities and other   616     554     494  
Total current liabilities 1,050 1,019 945
 
Long-term debt 7,575 7,582 7,378
Other liabilities 548 602 616
 
Shareholders' deficit   (5,076 )   (4,934 )   (4,145 )
Total liabilities and shareholders' deficit $ 4,097   $ 4,269   $ 4,794  

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