Autodesk 2014 Annual Report Download - page 147

2013 Annual Report
2014 Form 10-K 73
January 31, 2013
Amortized
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Fair
Value Level 1 Level 2 Level 3
Cash equivalents (1):
Certificates of deposit and time
deposits $ 392.4 $ — $ — $ 392.4 $ 17.2 $ 375.2 $ —
Corporate Bond 1.8 — — 1.8 1.8 — —
Commercial paper 263.3 — — 263.3 — 263.3 —
Money market funds 596.3 — — 596.3 — 596.3 —
Marketable securities:
Short-term available for sale
Commercial paper and corporate
debt securities 122.9 0.1 — 123.0 40.4 82.6 —
Certificates of deposit and time
deposits 15.1 — — 15.1 10.0 5.1 —
U.S. treasury securities 83.3 — — 83.3 83.3 — —
U.S. government agency securities 79.5 — — 79.5 79.5 — —
Sovereign debt 1.0 — — 1.0 — 1.0 —
Municipal securities 4.6 — — 4.6 4.6 — —
Other 0.3 — — 0.3 0.3 — —
Short-term trading securities
Mutual funds 31.1 4.2 — 35.3 35.3 — —
Long-term available for sale
Corporate debt securities 172.1 1.4 — 173.5 173.5 — —
U.S. treasury securities 145.2 0.1 — 145.3 145.3 — —
U.S. government agency securities 50.8 0.2 — 51.0 51.0 — —
Municipal securities 36.0 0.1 — 36.1 36.1 — —
Sovereign debt 1.0 — — 1.0 — 1.0 —
Taxable auction-rate securities 4.2 — — 4.2 — — 4.2
Convertible Debt Securities (2) 18.1 1.6 (2.2) 17.5 — — 17.5
Derivative contracts (3) 10.2 9.2 (5.9) 13.5 — 2.8 10.7
Total $ 2,029.2 $ 16.9 $ (8.1) $ 2,038.0 $ 678.3 $ 1,327.3 $ 32.4
____________________
(1) Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets.
(2) Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets.
(3) Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying
Consolidated Balance Sheets.
Autodesk classifies its marketable securities as either short-term or long-term based on each instrument’s underlying
contractual maturity date. Marketable securities with remaining maturities of less than 12 months are classified as short-term
and marketable securities with remaining maturities greater than 12 months are classified as long-term. Autodesk may sell
certain of its marketable securities prior to their stated maturities for strategic purposes or in anticipation of credit deterioration.
Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents,
marketable securities and other financial instruments, on a recurring basis. The Company defines fair value as the price that
would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure
fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and
significant to the fair value measurement: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs
other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or
liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for
substantially the full term of the assets or liabilities; and (Level 3) unobservable inputs for which there is little or no market
data, which require Autodesk to develop its own assumptions. When determining fair value, Autodesk uses observable market