Amazon.com 2003 Annual Report Download - page 66

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
December 31, 2002
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Cash .................................. $ 302,964 $ — $— $ 302,964
Commercial paper and short-term
obligations ........................... 429,943 5,347 — 435,290
Total cash and cash equivalents ........ 732,907 5,347 — 738,254
Certificates of deposit .................... 19,494 2,832 — 22,326
Commercial paper and short-term
obligations ........................... 2,073 — — 2,073
Corporate notes and bonds ................ 42,586 355 — 42,941
Asset-backed and agency securities ......... 309,549 7,166 — 316,715
U.S. Treasury notes and bonds ............. 172,145 2,616 (35) 174,726
Equity securities ........................ 3,934 — — 3,934
Marketable securities ................. 549,781 12,969 (35) 562,715
Total cash, cash equivalents, and
marketable Securities (1) ........ $1,282,688 $18,316 $ (35) $1,300,969
(1) Includes investments in foreign currencies of $398 million, principally Euros, British Pounds, and Yen.
The following table summarizes contractual maturities of our cash equivalent and marketable fixed-income
securities as of December 31, 2003 (in thousands):
Amortized
Cost
Estimated
Fair Value
Duewithinoneyear ............................................. $704,982 $717,979
Due after one year through three years ............................... 155,048 155,252
Asset-backed and agency securities with various maturities .............. 85,403 85,692
$945,433 $958,923
Gross gains of $17 million, $9 million, and $9 million and gross losses of $1 million, $1 million and $32
million were realized on sales of available-for-sale marketable securities for the years ended December 31, 2003,
2002, and 2001.
We are required to pledge a portion of our marketable securities as collateral for standby letters of credit that
guarantee certain of our contractual obligations and for real estate lease agreements. See “Note 7—Commitments
and Contingencies.”
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