Blizzard 2005 Annual Report Download - page 69

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The฀following฀table฀summarizes฀our฀cash,฀cash฀equivalents฀and฀short-term฀investments฀as฀of฀March฀31,฀2004฀(amounts฀in฀thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash฀and฀cash฀equivalents:
Cash฀and฀time฀deposits $101,414 $ — $ — $ 101,414
Money฀market฀funds 60,006 — — 60,006
Commercial฀paper 3,700 — — 3,700
Cash฀and฀cash฀equivalents 165,120 — — 165,120
Short-term฀investments:
Auction฀rate฀notes 301,432 — — 301,432
Corporate฀bonds 21,047 13 (24) 21,036
U.S.฀agency฀issues 71,817 76 (4) 71,889
Asset-backed฀securities 23,113 74 (38) 23,149
Municipal฀bonds 5,023 — — 5,023
Short-term฀investments 422,432 163 (66) 422,529
Cash,฀cash฀equivalents฀and฀short-term฀investments $587,552 $ 163 $ (66) $ 587,649
Auction฀rate฀securities฀are฀securities฀that฀are฀structured฀with฀short-term฀reset฀dates฀of฀generally฀less฀than฀90฀days฀but฀with฀maturities฀in฀excess฀of฀90฀days.฀At฀the฀end฀of฀
the฀reset฀period,฀investors฀can฀sell฀or฀continue฀to฀hold฀the฀securities฀at฀par.฀These฀securities฀are฀classified฀in฀the฀table฀below฀based฀on฀their฀legal฀stated฀maturity฀dates.
The฀following฀table฀summarizes฀the฀maturities฀of฀our฀investments฀in฀debt฀securities฀as฀of฀March฀31,฀2005฀(amounts฀in฀thousands):
Amortized
Cost
Fair
Value
Due฀in฀one฀year฀or฀less $169,738 $ 169,028
Due฀after฀one฀year฀through฀two฀years 203,741 201,530
Due฀after฀two฀years฀through฀three฀years 75,256 74,762
Due฀in฀three฀years฀or฀more 23,275 23,048
472,010 468,368
Asset-backed฀securities 83,517 83,044
Total $555,527 $ 551,412
page 68
Activision, Inc. — 2005 Annual Report
Notes to Consolidated Financial Statements