Autodesk 2000 Annual Report Download - page 39

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38 FY 00 Autodesk, Inc.
Marketable Securities
Marketable securities include the following available-for-sale securities at January 31, 2000 and 1999:
(in thousands)
Gross Gross
unrealized unrealized Estimated
January 31, 2000 Cost gains losses fair value
Short-term:
Municipal Bonds $ 138,084 $ 87 $ (3) $ 138,168
Preferred Stock 37,200 — — 37,200
Money Market 60,945 — — 60,945
Agency Securities 13,996 — (19) 13,977
250,225 87 (22) 250,290
Long-term:
Municipal Bonds 165,663 — (1,997) 163,666
Treasury Notes 7,991 — — 7,991
Corporate Bonds 1,500 — — 1,500
Asset Backed Securities 2,003 — — 2,003
Agency Securities 6,914 — (82) 6,832
184,071 — (2,079) 181,992
$ 434,296 $ 87 $ (2,101) $ 432,282
Gross Gross
unrealized unrealized Estimated
January 31, 1999 Cost gains losses fair value
Short-term:
Municipal Bonds $ 90,655 $ 157 $ — $ 90,812
Preferred Stock 10,000 — — 10,000
Treasury Bills 1,944 — — 1,944
102,599 157 — 102,756
Long-term:
Municipal Bonds 65,247 1,018 — 66,265
$ 167,846 $ 1,175 $ — $ 169,021
The contractual maturities of Autodesk’s long-term
marketable securities at January 31, 2000 were as
follows: $43.6 million between one and two years;
$59.0 million maturing in three years; $70.3 million
maturing in four to five years; and $9.1 million beyond
five years. Expected maturities may differ from con-
tractual maturities because the issuers of the securi-
ties may have the right to prepay or call obligations
without prepayment penalties. Realized gains and
losses on available-for-sale securities were immaterial
in fiscal 2000, 1999 and 1998. The cost of securities
sold is based on the specific identification method.