EMC 2003 Annual Report Download - page 54

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Total $3,925,485 $3,999,033
Gross unrealized gains on these investments were $29.1 million and $75.9 million at December 31, 2003 and 2002, respectively. Gross unrealized losses
on these investments were $8.8 million and $2.4 million at December 31, 2003 and 2002, respectively. Gross realized gains on these investments were
$48.1 million, $72.2 million and $53.7 million in 2003, 2002 and 2001, respectively. Gross realized losses on these investments were $17.6 million,
$9.2 million and $8.3 million in 2003, 2002 and 2001, respectively.
The effective maturities of investments held at December 31, 2003 and 2002 are as follows (tables in thousands):
December 31, 2003
Amortized
Cost Basis
Aggregate
Fair Value
Due within one year $ 927,387 $ 928,248
Due after one year through 7 years 4,090,453 4,109,911
Total $5,017,840 $5,038,159
December 31, 2002
Amortized
Cost Basis
Aggregate
Fair Value
Due within one year $ 856,439 $ 864,743
Due after one year through 5 years 3,069,046 3,134,290
Total $3,925,485 $3,999,033
79
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATMENTS
The following table summarizes our strategic investments at December 31, 2003 and 2002 (table in thousands). The investments are classified within
other assets, net in the balance sheet.
December 31, 2003 December 31, 2002
Cost Market Cost Market
Strategic investments $11,445 $11,527 $12,656 $13,941
Gross unrealized gains on these investments were $0.1 million and $1.3 million at December 31, 2003 and 2002, respectively. Gross realized gains on
these investments were $1.2 million, $0.8 million and $2.4 million in 2003, 2002 and 2001, respectively. Gross realized losses on these investments were $0,
$6.3 million and $122.4 million in 2003, 2002 and 2001, respectively, including other-than-temporary impairments. See Note C.
G. Inventories
Inventories consist of (table in thousands):
December 31,
2003
December 31,
2002
Purchased parts $ 34,010 $ 9,560
Work-in-process 311,575 347,395
Finished goods 168,430 80,850
$ 514,015 $ 437,805
H. Notes Receivable
Notes receivable are primarily from sales-type leases of our products. The payment schedule for such notes at December 31, 2003 is as follows (table in
thousands):
2004 $ 68,617
2005 41,082
2006 47,931
2007 2,447
2008 351
Thereafter 293
Face value 160,721