Adobe 2001 Annual Report Download - page 74

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ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(In thousands, except share and per share data)
Note 3. Cash, cash equivalents, and short-term investments
Cash, cash equivalents, and short-term investments consisted of the following:
As of November 30, 2001
Carrying Unrealized Unrealized Estimated
Value Gains Losses Fair Value
Classified as current assets:
Cash ...................................... $ 22,039 $ — $ — $ 22,039
Cash equivalents:
Money market mutual funds ................... 120,699 — — 120,699
State and municipal bonds and notes ............ 75,910 14 — 75,924
Total cash equivalents ...................... 196,609 14 — 196,623
Total cash and cash equivalents ................. 218,648 14 — 218,662
Short-term investments:
State and municipal bonds .................... 319,392 2,947 (253) 322,086
United States Treasury Notes .................. 3,079 8 — 3,087
Other marketable equity securities, including equity
hedging instruments* ...................... 26,339 11,439 — 37,778
Total short-term investments ................. 348,810 14,394 (253) 362,951
Total cash, cash equivalents, and short-term investments . . $567,458 $14,408 $ (253) $581,613
As of December 1, 2000
Carrying Unrealized Unrealized Estimated
Value Gains Losses Fair Value
Classified as current assets:
Cash ...................................... $ 11,997 $ — $ — $ 11,997
Cash equivalents:
Money market mutual funds ................... 198,629 — — 198,629
State and municipal bonds and notes ............ 26,240 — — 26,240
Total cash equivalents ...................... 224,869 — — 224,869
Total cash and cash equivalents ................. 236,866 — — 236,866
Short-term investments:
State and municipal bonds .................... 340,091 536 (589) 340,038
Other marketable equity securities, including equity
hedging instruments* ...................... 92,527 31,629 (23,211) 100,945
Corporate notes ............................ 1,994 10 — 2,004
Total short-term investments ................. 434,612 32,175 (23,800) 442,987
Total cash, cash equivalents, and short-term investments . . $671,478 $32,175 $(23,800) $679,853
*The carrying value of other marketable equity securities includes other-than-temporary declines in the
fair value of these securities.
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