Adobe 2012 Annual Report Download - page 92

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92
Cash, cash equivalents and short-term investments consisted of the following as of December 2, 2011 (in thousands):
Amortized
Cost Unrealized
Gains Unrealized
Losses Estimated
Fair Value
Current assets:
Cash........................................................................................... $ 261,206 $ — $ — $ 261,206
Cash equivalents:
Commercial paper ................................................................ 15,948 — — 15,948
Money market mutual funds and repurchase agreements.... 687,152 — — 687,152
Time deposits ....................................................................... 15,694 — — 15,694
U.S. agency securities .......................................................... 2,500 — — 2,500
U.S. Treasury securities........................................................ 7,000 — — 7,000
Total cash equivalents........................................................ 728,294 — — 728,294
Total cash and cash equivalents............................................ 989,500 — — 989,500
Short-term fixed income securities:
Corporate bonds and commercial paper............................... 1,109,674 6,533 (4,670) 1,111,537
Foreign government securities ............................................. 7,280 43 — 7,323
Municipal securities ............................................................. 106,255 104 (4) 106,355
U.S. agency securities .......................................................... 374,514 1,496 (117) 375,893
U.S. Treasury securities........................................................ 307,181 1,640 (4) 308,817
Subtotal .............................................................................. 1,904,904 9,816 (4,795) 1,909,925
Marketable equity securities ..................................................... 10,581 1,686 — 12,267
Total short-term investments................................................ 1,915,485 11,502 (4,795) 1,922,192
Total cash, cash equivalents and short-term investments............ $ 2,904,985 $ 11,502 $ (4,795) $ 2,911,692
See Note 4 for further information regarding the fair value of our financial instruments.
The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated
by investment category, that have been in a continuous unrealized loss position for less than twelve months, as of November 30,
2012 and December 2, 2011 (in thousands):
2012 2011
Fair
Value
Gross
Unrealized
Losses Fair
Value
Gross
Unrealized
Losses
Corporate bonds and commercial paper...................... $ 95,489 $ (132) $ 408,178 $ (4,438)
Foreign government securities .................................... 2,105 (12) — —
Municipal securities..................................................... 40,524 (60) 17,125 (3)
U.S. Treasury and agency securities............................ 48,203 (55) 133,857 (121)
Total................................................................... $ 186,321 $ (259) $ 559,160 $ (4,562)
There were 65 securities and 213 securities in an unrealized loss position for less than twelve months at November 30, 2012
and at December 2, 2011, respectively.
Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)