Abercrombie & Fitch 2009 Annual Report Download - page 66

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4. CASH AND EQUIVALENTS AND INVESTMENTS
Cash and equivalents and investments consisted of (in thousands):
January 30, 2010 January 31, 2009
Cash and equivalents:
Cash......................................... $196,496 $137,383
Money market funds ............................. 483,617 384,739
Total cash and equivalents ....................... 680,113 522,122
Marketable securities — Current:
Trading securities:
Auction rate securities — UBS — student loan backed . . 20,049 —
Auction rate securities — UBS — municipal authority
bonds . ................................... 12,307 —
Total trading securities........................ 32,356 —
Marketable securities — Non-Current:
Trading securities:
Auction rate securities — UBS — student loan backed . . — 50,589
Auction rate securities — UBS — municipal authority
bonds . ................................... — 11,959
Total trading securities........................ — 62,548
Available-for-sale securities:
Auction rate securities — student loan backed ........ 118,390 139,239
Auction rate securities — municipal authority bonds.... 23,404 27,294
Total available-for-sale securities ................ 141,794 166,533
Total non-current marketable securities............ 141,794 229,081
Rabbi Trust assets:(1)
Money market funds ............................. 1,316 473
Municipal notes and bonds ........................ 18,537 18,804
Trust-owned life insurance policies (at cash surrender
value) . . . ................................... 51,391 32,549
Total Rabbi Trust assets ........................ 71,244 51,826
Total cash and equivalents and investments .......... $925,507 $803,029
(1) Rabbi Trust assets are included in Other Assets on the Consolidated Balance Sheets and are restricted as
to their use.
At January 30, 2010 and January 31, 2009, the Company’s marketable securities consisted of investment
grade auction rate securities (“ARS”) invested in insured student loan backed securities and insured municipal
authority bonds, with maturities ranging from 17 to 33 years. Each investment in student loans is insured by
65
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)