Penélope Cruz, Javier Bardem and New Son Are 'Doing Great'

01/26/2011 at 04:35 PM EST

Penelope Cruz, Javier Bardem and New Son Are 'Doing Great'
Penélope Cruz and Javier Bardem
Danny Moloshok/Reuters/Landov
Penélope Cruz and Javier Bardem's newly expanded family is thriving, their reps tell PEOPLE.

"Penélope and Javier welcomed their first son into their family last week," reps for the couple said in a statement Wednesday. "Both parents and baby are doing great."

Cruz, 36, gave birth at Cedars-Sinai Medical Center in Los Angeles, a source tells PEOPLE.
Julie Jordan and Sara Hammel

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