Intersil Corporation

Condensed Consolidated Balance Sheets

Unaudited

(in thousands)

Apr. 3,

Jan. 2,

Apr. 4,

2015

2015

2014

Assets

Current assets:

    Cash and short-term investments

$    220,900

$    211,216

$    197,336

    Trade receivables, net

51,236

55,585

52,830

    Inventories

77,798

73,770

61,877

    Prepaid expenses and other current assets

14,301

9,779

9,378

    Income taxes receivable

1,129

1,162

976

    Deferred income tax assets

20,615

20,433

15,808

      Total current assets

385,979

371,945

338,205

Non-current assets:

    Property, plant and equipment, net

73,073

72,272

77,958

    Purchased intangibles, net

28,839

34,400

51,081

    Goodwill

565,424

565,424

565,424

    Deferred income tax assets

38,779

39,334

56,543

    Other non-current assets

71,297

70,885

73,413

      Total non-current assets

777,412

782,315

824,419

Total assets

$ 1,163,391

$ 1,154,260

$ 1,162,624

Liabilities and shareholders' equity

Current liabilities:

    Trade payables

$      22,544

$      26,246

$      25,901

    Deferred income

13,442

11,631

10,048

    Income taxes payable

5,764

2,790

11,036

    Provision for TAOS litigation

79,470

-

-

    Other accrued expenses

68,522

64,847

76,030

      Total current liabilities

189,742

105,514

123,015

Non-current liabilities:

    Income taxes payable

60,661

59,745

71,703

    Other non-current liabilities

6,496

7,453

12,065

      Total non-current liabilities

67,157

67,198

83,768

Total shareholders' equity

906,492

981,548

955,841

Total liabilities and shareholders' equity

$ 1,163,391

$ 1,154,260

$ 1,162,624