Intel 2002 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2002 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

58
Available-for-sale investments at December 29, 2001 were as follows:
The company sold available-for-sale securities with a fair value at the date of sale of $114 million in 2002, $1.3 billion in 2001 and
$4.2 billion in 2000. The gross realized gains on these sales totaled $15 million in 2002, $548 million in 2001 and $3.4 billion in 2000. The
company realized gross losses on sales of $39 million in 2002, $187 million in 2001 and $52 million in 2000. The company recognized gains on
shares exchanged in third-party merger transactions of $1 million in 2002, $156 million in 2001 and $682 million in 2000. The company
recognized impairment losses on available-for-sale and non-marketable investments of $524 million in 2002, $1.1 billion in 2001 and
$297 million in 2000.
The amortized cost and estimated fair value of available-for-sale investments in debt securities at December 28, 2002, by contractual
maturity, were as follows:
59
(In Millions)
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Commercial paper
$
6,935
$
1
$
—
$
6,936
Bank time deposits
2,121
1
—
2,122
Loan participations
862
—
—
862
Corporate bonds
838
—
—
838
Floating rate notes
781
—
(
1
)
780
Preferred stock and other equity
140
—
—
140
Other debt securities
71
—
—
71
Marketable strategic equity securities
38
(1
)
56
Total available
-
for
-
sale investments
11,786
(2
)
11,805
Less amounts classified as cash equivalents
(7,189
)
—
—
(
7,189
)
$
4,597
$
$
(2
)
$
4,616
(In Millions)
Adjusted
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Commercial paper
$
6,329
$
2
$
—
$
6,331
Bank time deposits
2,047
1
(1
)
2,047
Corporate bonds
911
1
—
912
Loan participations
838
—
—
838
Floating rate notes
795
1
—
796
Other debt securities
371
—
—
371
Marketable strategic equity securities
109
(2
)
155
Preferred stock and other equity
104
—
—
104
Total available
-
for
-
sale investments
11,504
(3
)
11,554
Less amounts classified as cash equivalents
(7,724
)
—
—
(
7,724
)
$
3,780
$
$
(3
)
$
3,830
(In Millions)
Cost
Estimated
Fair Value
Due in 1 year or less
$
10,451
$
10,451
Due in 1
–
2 years
394
395
Due in 2
–
5 years
141
141
Due after 5 years
622
622
Total investments in available
-
for
-
sale debt securities
$
11,608
$
11,609