Activision 2010 Annual Report Download - page 58

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46
4. Investment and other income, net
Investment and other income, net is comprised of the following (amounts in millions):
For the Years Ended
December 31,
2010 2009 2008
Interest income ........................................................................................ $8 $15 $36
Interest expense ....................................................................................... (5) (4) (3)
Unrealized gain (loss) on trading securities ............................................ — 3 (7)
Unrealized gain (loss) on ARS rights from UBS ..................................... — (3) 10
Net realized gain on investments ............................................................. — — 4
Change in fair value of other financial liability ....................................... 22 8 —
Net realized and unrealized gain (loss) on foreign exchange contracts
with Vivendi ........................................................................................ (2) (1) 6
Investment and other income, net ............................................................ $23 $18 $46
5. Cash and Cash Equivalents
The following table summarizes the components of our cash and cash equivalents with original maturities of three
months or less at the date of purchase (amounts in millions):
At December 31,
2010 2009
Cash ............................................................................................................. $245 $445
Time deposits .............................................................................................. 19 19
Money market funds .................................................................................... 2,216 2,304
U.S. treasuries and foreign government bonds ............................................ 332 —
Cash and cash equivalents ........................................................................... $2,812 $2,768
6. Investments
The following table summarizes our short-term and long-term investments at December 31, 2010 and 2009
(amounts in millions):
At December 31, 2010
Amortized
cost
Gross
unrealiz
ed
gains
Gross
unrealiz
ed
losses
Fair
Value
Short-term investments:
Available-for-sale investments:
U.S. treasuries and government agency
securities ......................................................... $672 $— $— $672
Restricted cash ........................................................
24
Total short-term investments ......................................
$696
Long-term investments:
Available-for-sale investments:
Auction rate securities held through Morgan
Stanley Smith Barney LLC ................................ $27 $— $(4) $23