Citrix 2012 Annual Report Download - page 90

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F-24
Assets and Liabilities Measured at Fair Value on a Recurring Basis
As of December 31,
2012
Quoted
Prices In
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
(in thousands)
Assets:
Cash and cash equivalents:
Money market funds $ 123,519 $ 123,519 $ — $ —
Corporate securities 16,476 — 16,476 —
Cash 503,614 503,614 — —
Available-for-sale securities:
Agency securities 402,707 — 402,707 —
Corporate securities 405,322 — 401,981 3,341
Municipal securities 32,313 — 32,313 —
Government securities 39,993 — 39,993 —
Prepaid expenses and other current assets:
Foreign currency derivatives 4,157 — 4,157 —
Total assets $ 1,528,101 $ 627,133 $ 897,627 $ 3,341
Accrued expenses and other current liabilities:
Foreign currency derivatives 4,162 — 4,162 —
Total liabilities $ 4,162 $ — $ 4,162 $ —
As of December 31,
2011
Quoted
Prices In
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
(in thousands)
Assets:
Cash and cash equivalents:
Money market funds $ 101,056 $ 101,056 $ — $ —
Corporate securities 38,738 — 38,738 —
Municipal securities 3,435 — 3,435 —
Cash 190,067 190,067 — —
Available-for-sale securities:
Agency securities 646,224 — 646,224 —
Corporate securities 391,793 — 388,097 3,696
Municipal securities 80,026 — 80,026 —
Government securities 26,262 — 26,262 —
Prepaid expenses and other current assets:
Foreign currency derivatives 2,831 — 2,831 —
Total assets $ 1,480,432 $ 291,123 $ 1,185,613 $ 3,696
Accrued expenses and other current liabilities:
Foreign currency derivatives 8,454 — 8,454 —
Total liabilities $ 8,454 $ — $ 8,454 $ —
The Company’s fixed income available-for-sale security portfolio generally consists of high quality, investment grade
securities from diverse issuers with a minimum credit rating of A-/A3 and a weighted-average credit rating of AA-/Aa3. The
Company values these securities based on pricing from the Service, whose sources may use quoted prices in active markets for
identical assets (Level 1 inputs) or inputs other than quoted prices that are observable either directly or indirectly (Level 2
inputs) in determining fair value, and accordingly, the Company classifies all of its fixed income available-for-sale securities as
Level 2.
CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS