Adobe 2004 Annual Report Download - page 76

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76
Note 3. Cash, cash equivalents and short-term investments
Cash, cash equivalents and short-term investments consisted of the following as of December 3, 2004:
Carrying
Value
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Classified as current assets:
Cash................................................................... $ 37,546 $ — $ — $ 37,546
Cash equivalents:
Money market mutual funds ........................... 180,400 — — 180,400
Bank time deposits.......................................... 16,507 — — 16,507
State and municipal bonds and notes .............. 117,085 — — 117,085
United States Treasury notes........................... 20,790 — (6) 20,784
Corporate bonds.............................................. 3,806 — (1) 3,805
Total cash equivalents................................ 338,588 — (7) 338,581
Total cash and cash equivalents...................... 376,134 — (7) 376,127
Short-term investments:
State and municipal bonds .............................. 536,230 200 (3,287) 533,143
United States Treasury notes........................... 278,738 5 (926) 277,817
Corporate bonds.............................................. 99,014 5 (555) 98,464
Obligations of foreign sovereigns ................... 11,865 — (71) 11,794
Bonds of multi-lateral government agencies... 13,070 — (25) 13,045
Marketable equity securities* ......................... 1,923 908 — 2,831
Total short-term investments...................... 940,840 1,118 (4,864) 937,094
Total cash, cash equivalents, and
Short-term investments ................................. $ 1,316,974 $ 1,118 $ (4,871) $ 1,313,221
*The carrying value of marketable equity securities has been reduced by other-than-temporary declines in the fair
value of these securities.
Cash, cash equivalents and short-term investments consisted of the following as of November 28,
2003:
Carrying
Value
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Classified as current assets:
Cash................................................................... $ 20,314 $ — $ — $ 20,314
Cash equivalents:
Money market mutual funds ........................... 88,478 — — 88,478
Bank time deposits.......................................... 10,192 — — 10,192
State and municipal bonds and notes .............. 70,918 15 — 70,933
Total cash equivalents................................ 169,588 15 — 169,603
Total cash and cash equivalents...................... 189,902 15 — 189,917
Short-term investments:
State and municipal bonds .............................. 636,798 3,265 (397) 639,666
United States Treasury notes........................... 95,274 34 (235) 95,073
Corporate bonds.............................................. 59,837 34 (192) 59,679
Asset-backed securities................................... 6,340 — (12) 6,328
Obligations of foreign sovereigns ................... 76,366 8 (352) 76,022
Bonds of multi-lateral government agencies... 22,655 — (25) 22,630
Marketable equity securities* ......................... 3,135 4,083 — 7,218
Total short-term investments...................... 900,405 7,424
(1,213) 906,616
Total cash, cash equivalents, and
short-term investments.................................. $ 1,090,307 $ 7,439 $ (1,213) $ 1,096,533
*The carrying value of marketable equity securities has been reduced by other-than-temporary declines in the fair
value of these securities.