Salesforce.com 2009 Annual Report Download - page 75

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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
2. Balance Sheet Accounts
Marketable Securities
At January 31, 2010, marketable securities consisted of the following (in thousands):
Amortized
Cost
Unrealized
Gains
Unrealized
Losses Fair Value
Corporate notes and obligations $ 329,750 $ 7,889 $ (65) $ 337,574
U.S. treasury securities 136,606 170 (116) 136,660
Mortgage backed securities 40,187 719 (41) 40,865
Collateralized mortgage obligations 36,785 436 (33) 37,188
U.S. agency obligations 162,896 571 (12) 163,455
$ 706,224 $ 9,785 $ (267) $ 715,742
At January 31, 2009, marketable securities consisted of the following (in thousands):
Amortized
Cost
Unrealized
Gains
Unrealized
Losses Fair Value
Corporate notes and obligations $ 215,297 $ 1,173 $ (1,330) $ 215,140
Money market mutual fund 18,294 — — 18,294
U.S. agency obligations 163,584 1,721 (8) 165,297
$ 397,175 $ 2,894 $ (1,338) $ 398,731
As of January 31,
2010 2009
Recorded as follows (in thousands):
Short-term (due in one year or less) $ 230,659 $ 213,769
Long-term (due between one and 3 years) 485,083 184,962
$ 715,742 $ 398,731
As of January 31, 2010, 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 $ 18,980 $ (65) $ — $ — $ 18,980 $ (65)
Mortgage backed securities 6,328 (41) — — 6,328 (41)
U.S. treasury securities 71,419 (116) — — 71,419 (116)
Commercial mortgage obligations 7,319 (33) — — 7,319 (33)
U.S. agency obligations 10,250 (12) — — 10,250 (12)
$ 114,296 $ (267) $ — $ — $ 114,296 $ (267)
The unrealized loss for each of these fixed rate marketable securities ranged from less than $1,000 to $103,000. 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, 2010. The Company
expects to receive the full principal and interest on all of these marketable securities.
72