Salesforce.com 2008 Annual Report Download - page 77
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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
At January 31, 2008, marketable securities consisted of the following (in thousands):
Amortized
Cost
Unrealized
Gains
Unrealized
Losses Fair Value
Corporate notes and obligations $ 276,866 $ 2,328 $ (414) $ 278,780
U.S. treasury securities 9,483 53 — 9,536
U.S. agency obligations 101,094 1,296 (1) 102,389
$ 387,443 $ 3,677 $ (415) $ 390,705
As of January 31,
2009 2008
Recorded as follows (in thousands):
Short-term (due in one year or less) $ 213,769 $ 171,748
Long-term (due between one and 3 years) 184,962 218,957
$ 398,731 $ 390,705
As of January 31, 2009, the following marketable securities were in an unrealized loss position (in thousands):
Less than 12 Months 12 Months or Greater Total
Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses
Corporate notes and obligations $ 100,855 $ (976) $ 11,587 $ (354) $ 112,442 $ (1,330)
U.S. agency obligations 2,493 (8) — — 2,493 (8)
$ 103,348 $ (984) $ 11,587 $ (354) $ 114,935 $ (1,338)
The unrealized loss for each of these fixed rate marketable securities ranged from less than $1,000 to $131,000. The Company does not believe any of
the unrealized losses represent an other-than-temporary impairment based on its evaluation of available evidence as of January 31, 2009. The Company
expects to receive the full principal and interest on all of these investment securities.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
As of January 31,
2009 2008
Deferred professional services costs $ 13,069 $ 9,376
Prepaid expenses and other current assets 20,046 17,679
$ 33,115 $ 27,055
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