AMD 2007 Annual Report Download - page 253

Spansion Inc.
Notes to Consolidated Financial Statements—(Continued)
7. Financial Instruments
Marketable securities held by the Company as of December 31, 2006 and December 25, 2005 are as follows:
Amortized
Cost
Gross
Unrealized
Gains
Fair
Value
(in thousands)
2006
Cash equivalents:
Money market funds $ 67,000 $ $ 67,000
Commercial paper 565,660 565,660
Total cash equivalents 632,660 — 632,660
Marketable securities:
Auction rate securities 125,975 125,975
Total marketable securities 125,975 — 125,975
Total cash equivalents and marketable securities $ 758,635 $ — $ 758,635
2005
Cash equivalents:
Money market funds $ 59,000 $ — $ 59,000
Commercial paper 336,141 — 336,141
Total cash equivalents 395,141 — 395,141
Marketable securities:
Auction rate preferred stocks 15,000 — 15,000
Commercial paper 177,086 — 177,086
Investment in equity securities 20,000 7,291 27,291
Total marketable securities 212,086 7,291 219,377
Total cash equivalents and marketable securities $ 607,227 $ 7,291 $ 614,518
As of December 31, 2006, all investments in the Company’s portfolio were either cash equivalents or marketable securities, which, with the exception of
auction rate securities, scheduled to mature within next twelve months. The auction rate securities are classified as short-term as they are intended to be used in
current operations, and have rate and liquidity resets of 35 days or less.
As of December 31, 2006, the Company’s marketable securities approximated the fair market values of the securities and the unrealized gains and losses
on these securities were not significant. As of December 25, 2005, the Company had recorded an unrealized gain of approximately $7.3 million in other
comprehensive loss on its investment in certain publicly-traded equity securities. In fiscal 2006 the Company sold this investment in its entirety and realized a
gain on the sale of $6.9 million.
Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008