Adobe 2014 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2014 Adobe annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
75
Cash, cash equivalents and short-term investments consisted of the following as of November 29, 2013 (in thousands):
Amortized
Cost Unrealized
Gains Unrealized
Losses Estimated
Fair Value
Current assets:
Cash........................................................................................... $ 286,221 $ — $ — $ 286,221
Cash equivalents:
Money market mutual funds ................................................ 429,373 — — 429,373
Time deposits ....................................................................... 104,711 — — 104,711
U.S. Treasury securities........................................................ 14,251 — — 14,251
Total cash equivalents........................................................ 548,335 — — 548,335
Total cash and cash equivalents............................................ 834,556 — — 834,556
Short-term fixed income securities:
Corporate bonds and commercial paper............................... 1,261,375 7,116 (631) 1,267,860
Foreign government securities ............................................. 11,213 56 — 11,269
Municipal securities ............................................................. 186,320 328 (24) 186,624
U.S. agency securities .......................................................... 446,615 1,516 (186) 447,945
U.S. Treasury securities........................................................ 424,076 799 (97) 424,778
Subtotal .............................................................................. 2,329,599 9,815 (938) 2,338,476
Marketable equity securities ..................................................... 177 543 — 720
Total short-term investments................................................ 2,329,776 10,358 (938) 2,339,196
Total cash, cash equivalents and short-term investments............ $ 3,164,332 $ 10,358 $ (938) $ 3,173,752
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 an unrealized loss position for less than twelve months, as of November 28, 2014 and
November 29, 2013 (in thousands):
2014 2013
Fair
Value
Gross
Unrealized
Losses Fair
Value
Gross
Unrealized
Losses
Corporate bonds and commercial paper...................... $ 291,890 $ (443) $ 225,759 $ (631)
Municipal securities..................................................... 21,759 (12) 13,522 (24)
U.S. Treasury and agency securities............................ 43,507 (64) 105,278 (283)
Total................................................................... $ 357,156 $ (519) $ 344,559 $ (938)
There were 213 securities and 177 securities in an unrealized loss position for less than twelve months at November 28,
2014 and at November 29, 2013, respectively.