Adobe 2013 Annual Report Download - page 73

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73
Cash, cash equivalents and short-term investments consisted of the following as of November 30, 2012 (in thousands):
Amortized
Cost Unrealized
Gains Unrealized
Losses Estimated
Fair Value
Current assets:
Cash $ 200,771 $ — $ — $ 200,771
Cash equivalents:
Corporate bonds and commercial paper 3,998 — — 3,998
Money market mutual funds and repurchase agreements 1,171,270 — — 1,171,270
Municipal securities 3,895 — — 3,895
Time deposits 45,118 — — 45,118
Total cash equivalents 1,224,281 — — 1,224,281
Total cash and cash equivalents 1,425,052 — — 1,425,052
Short-term fixed income securities:
Corporate bonds and commercial paper 1,059,158 11,415 (133) 1,070,440
Foreign government securities 6,919 45 (12) 6,952
Municipal securities 180,488 97 (60) 180,525
Time deposits 20,113 — — 20,113
U.S. agency securities 501,863 2,346 (18) 504,191
U.S. Treasury securities 330,072 801 (37) 330,836
Subtotal 2,098,613 14,704 (260) 2,113,057
Marketable equity securities 237 7 — 244
Total short-term investments 2,098,850 14,711 (260) 2,113,301
Total cash, cash equivalents and short-term investments $ 3,523,902 $ 14,711 $ (260) $ 3,538,353
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 29,
2013 and November 30, 2012 (in thousands):
2013 2012
Fair
Value
Gross
Unrealized
Losses Fair
Value
Gross
Unrealized
Losses
Corporate bonds and commercial paper $ 225,759 $ (631) $ 95,489 $ (132)
Foreign government securities — — 2,105 (12)
Municipal securities 13,522 (24) 40,524 (60)
U.S. Treasury and agency securities 105,278 (283) 48,203 (55)
Total $ 344,559 $ (938) $ 186,321 $ (259)
There were 177 securities and 65 securities in an unrealized loss position for less than twelve months at November 29, 2013
and at November 30, 2012, respectively.
Table of Contents
ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)