SanDisk 2008 Annual Report Download - page 80
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Notes To Consolidated Financial Statements
Financial assets and liabilities measured at fair value under SFAS 157 on a recurring basis as of
December 28, 2008 were as follows (in thousands):
Total
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Fixed income securities ...................... $1,822,466 $ 317,081 $1,505,385 $ —
Equity investments .......................... 37,227 37,227 — —
Derivative assets ........................... 105,133 — 105,133 —
Other ..................................... 2,889 — 2,889 —
Total financial assets .................... $1,967,715 $ 354,308 $1,613,407 $ —
Derivative liabilities ......................... $ 153,523 $ — $ 153,523 $ —
Total financial liabilities ................. $ 153,523 $ — $ 153,523 $ —
Assets and liabilities measured at fair value under SFAS 157 on a recurring basis as of December 28, 2008
were presented on the Company’s Consolidated Balance Sheet as follows (in thousands):
Total
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Cash equivalents (1) ......................... $ 317,081 $ 317,081 $ — $ —
Short-term investments ...................... 477,296 2,062 475,234 —
Long-term investments ...................... 1,097,302 35,165 1,062,137 —
Other current assets and other non-current assets . . . 76,036 — 76,036 —
Total financial assets .................... $1,967,715 $ 354,308 $1,613,407 $ —
Other current accrued liabilities ................ $ 153,523 $ — $ 153,523 $ —
Total financial liabilities ................. $ 153,523 $ — $ 153,523 $ —
(1) Excludes Cash of $645.0 million included in Cash and Cash Equivalents on the Consolidated Balance Sheet
as of December 28, 2008.
Available-for-Sale Investments. Available-for-sale investments for the fiscal years ended December 28,
2008 and December 30, 2007 were as follows (in thousands):
December 28, 2008 December 30, 2007
Book Value
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Market
Value Book Value
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Market
Value
Fixed income securities:
U.S. Treasury and agency
securities ............... $ 40,110 $ 476 $ — $ 40,586 $ 142,667 $ 269 $ — $ 142,936
U.S. Corporate notes and
bonds .................. 56,916 267 (360) 56,823 340,458 11 — 340,469
Municipal notes and bonds . . . 1,387,592 21,714 (1,330) 1,407,976 2,094,585 12,203 (109) 2,106,679
Total fixed income
securities ............... 1,484,618 22,457 (1,690) 1,505,385 2,577,710 12,483 (109) 2,590,084
Equity investments ......... 70,226 — (32,999) 37,227 89,678 6,266 (10,965) 84,979
Total available-for-sale
investments ............. $1,554,844 $22,457 $(34,689) $1,542,612 $2,667,388 $18,749 $(11,074) $2,675,063
F-15