| Balance Sheet for ADTRAN Inc. (ADTN) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 13,941 | 40,147 | 112,794 | 57,602 | 132,072 | | Marketable Securities | 148,416 | 99,700 | 154,080 | 124,831 | 11,865 | | Receivables | 73,752 | 65,696 | 69,460 | 70,506 | 70,958 | | Inventories | 48,546 | 53,117 | 50,266 | 42,316 | 39,975 | | Other Current Assets | - | - | - | - | 3,381 | | Total Current Assets | 294,337 | 269,165 | 395,354 | 302,386 | 260,379 | | | Gross Fixed Assets | 223,149 | 217,108 | 211,325 | 204,238 | 198,007 | | Accumulated Depreciation | (147,180) | (136,914) | (126,292) | (114,877) | (100,340) | | Net Fixed Assets | 75,969 | 80,194 | 85,033 | 89,361 | 97,667 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 107,801 | 190,299 | 171,333 | 168,195 | 234,227 | | Total Non-Current Assets | 184,883 | 270,493 | 257,264 | 257,556 | 333,522 | | Total Assets | 479,220 | 539,658 | 652,618 | 559,942 | 593,900 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 22,200 | 30,321 | 25,682 | 22,856 | 24,821 | | Short Term Debt | - | - | - | - | - | | Other Current Liabilities | 1,217 | - | 4,551 | - | 145 | | Total Current Liabilities | 43,076 | 49,529 | 51,049 | 36,015 | 40,309 | | | Long Term Debt | 48,500 | 48,812 | 50,000 | 50,000 | 50,000 | | Deferred Income Tax | - | 694 | 5,330 | 4,825 | 8,882 | | Other Non-Current Liabilities | 9,213 | 4,667 | 4,068 | 2,465 | 888 | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 57,713 | 54,173 | 59,398 | 57,290 | 59,770 | | Total Liabilities | 100,789 | 103,702 | 110,447 | 93,305 | 100,079 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 378,431 | 435,956 | 542,171 | 466,637 | 493,821 | | Total Equity | 378,431 | 435,956 | 542,171 | 466,637 | 493,821 | | Total Liabilities & Stock Equity | 479,220 | 539,658 | 652,618 | 559,942 | 593,900 | | | |
