Costco 2007 Annual Report Download - page 61

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Note 2—Short-term Investments
Short-term investments, which consist entirely of debt securities, at September 2, 2007 and
September 3, 2006, were as follows:
Fiscal 2007
Cost Basis
Unrealized
Gains
Unrealized
Losses
Recorded
Basis
Available-for-sale securities
Money market mutual funds ............ $ 5,931 $ 7 $ — $ 5,938
U.S. government and agency securities . . . 268,886 552 (954) 268,484
Corporate notes and bonds ............. 150,811 303 (1,070) 150,044
Asset and mortgage backed securities .... 72,919 209 (370) 72,758
Total available-for-sale securities .... 498,547 1,071 (2,394) 497,224
Held-to-maturity
Certificates of deposit .................. 78,247 — — 78,247
Money market mutual funds ............ 316 — — 316
Total held-to-maturity securities ...... 78,563 — — 78,563
Total short-term investments ........ $ 577,110 $1,071 $(2,394) $ 575,787
Fiscal 2006
Cost Basis
Unrealized
Gains
Unrealized
Losses
Recorded
Basis
Available-for-sale securities
Money market mutual funds ............ $ 38,366 $ — $ — $ 38,366
U.S. government and agency securities . . . 651,984 396 (5,630) 646,750
Corporate notes and bonds ............. 505,739 605 (2,785) 503,559
Asset and mortgage backed securities .... 71,801 121 (484) 71,438
Total available-for-sale securities .... 1,267,890 1,122 (8,899) 1,260,113
Held-to-maturity
Certificates of deposit .................. 55,185 — — 55,185
Money market mutual funds ............ 6,883 — — 6,883
Total held-to-maturity securities ...... 62,068 — — 62,068
Total short-term investments ........ $1,329,958 $1,122 $(8,899) $1,322,181
For available-for-sale securities, proceeds from sales were $496,192, $263,288, and $267,640 in fiscal
years 2007, 2006 and 2005, respectively. Gross realized gains from sales were $933, $170 and $90 in
fiscal years 2007, 2006 and 2005, respectively, and gross realized losses from sales were $1,285,
$1,252 and $825 in fiscal years 2007, 2006 and 2005, respectively.
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