SKYWORKS SOLUTIONS, INC. CONSOLIDATED BALANCE SHEETS As of September 30, 2011 October 1, 2010 (In thousands, except per share amounts) ASSETS Current assets: Cash and cash equivalents ............................................. $ 410,087 $ 453,257 Restricted cash ...................................................... 712 6,128 Receivables, net of allowance for doubtful accounts of $785 and $1,177, respectively ...................................................... 177,940 175,232 Inventory .......................................................... 198,183 125,059 Other current assets .................................................. 29,412 30,189 Total current assets ................................................ 816,334 789,865 Property, plant and equipment, net ...................................... 251,365 204,363 Goodwill .......................................................... 663,041 485,587 Intangible assets, net ................................................. 86,808 12,509 Deferred tax assets, net ............................................... 60,863 60,569 Other assets ........................................................ 11,978 11,159 Total assets ....................................................... $1,890,389 $1,564,052 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt ..................................................... $ 26,089 $ 50,000 Accounts payable .................................................... 115,290 111,967 Accrued compensation and benefits ..................................... 35,684 35,695 Other current liabilities ............................................... 70,033 6,662 Total current liabilities .............................................. 247,096 204,324 Long-term debt, less current maturities ................................... — 24,743 Other long-term liabilities ............................................. 34,198 18,389 Total liabilities .................................................... 281,294 247,456 Commitments and contingencies (Note 13 and Note 14) Stockholders’ equity: Preferred stock, no par value: 25,000 shares authorized, no shares issued ........ — — Common stock, $0.25 par value: 525,000 shares authorized; 195,407 shares issued and 186,386 shares outstanding at September 30, 2011, and 185,683 shares issued and 180,263 shares outstanding at October 1, 2010 .................. 46,597 45,066 Additional paid-in capital ............................................. 1,795,958 1,641,406 Treasury stock, at cost ................................................ (130,854) (40,719) Accumulated deficit .................................................. (101,275) (327,860) Accumulated other comprehensive loss .................................. (1,331) (1,297) Total stockholders’ equity ........................................... 1,609,095 1,316,596 Total liabilities and stockholders’ equity ................................ $1,890,389 $1,564,052 See the accompanying notes to the consolidated financial statements. Page 89 Skyworks / Annual Report 2011