Amazon.com 2006 Annual Report Download - page 50

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The following table provides information about our cash equivalent and marketable fixed income securities,
including principal cash flows by expected maturity and the related weighted average interest rates at
December 31, 2006 (in millions, except percentages):
2007 2008 2009 2010 2011 Thereafter Total
Estimated
Fair Value at
December 31,
2006
Money market funds ............ $ 763 $— $— $— $— $— $ 763 $ 763
Weighted average interest rate ..... 3.92% ———— — 3.92%
Certificates of deposit ........... 50 ———— — 50 50
Weighted average interest rate ..... 5.25% ———— — 5.25%
Corporate debt securities ......... 266 45 40 29 39 — 419 419
Weighted average interest rate ..... 5.47% 5.43% 5.23% 5.04% 4.83% — 5.35%
U.S. Government and Agency
Securities ................... 53 32 20 39 27 37 208 207
Weighted average interest rate ..... 5.24% 4.77% 4.88% 4.85% 4.95% 5.46% 5.06%
Asset backed securities .......... 238 32 40 29 9 — 348 347
Weighted average interest rate ..... 5.47% 5.42% 5.28% 5.19% 5.91% — 5.43%
Other securities ................ 21 30 23 17 18 — 109 108
Weighted average interest rate ..... 3.74% 3.93% 3.92% 3.86% 3.87% — 3.87%
Cash equivalents and marketable
fixed-income securities ........ $1,391 $ 139 $ 123 $ 114 $ 93 $ 37 $1,897 $1,894
The following table provides information about our cash equivalent and marketable fixed income
securities, including principal cash flows by expected maturity and the related weighted average interest rates
at December 31, 2005 (in millions, except percentages):
2006 2007 2008 2009 2010 Thereafter Total
Estimated
Fair Value at
December 31,
2005
Money market funds ............ $ 587 $— $— $— $— $— $ 587 $ 587
Weighted average interest rate ..... 3.41% ———— — 3.41%
Certificates of deposit ........... 15534— — 27 29
Weighted average interest rate ..... 3.67% 2.90% 3.06% 3.03% — — 3.37%
Corporate debt securities ......... 200 53 33 69 33 — 388 402
Weighted average interest rate ..... 3.97% 4.00% 3.99% 4.60% 4.60% — 4.14%
U.S. Government and Agency
Securities ................... 211 35 79 43 73 — 441 439
Weighted average interest rate ..... 3.97% 4.98% 4.76% 4.94% 4.58% — 4.39%
Asset backed securities .......... 131 97 33 5 10 — 276 275
Weighted average interest rate ..... 3.89% 4.94% 4.10% 5.02% 4.95% — 4.34%
Other securities ................ 3 33 47 35 18 136 166
Weighted average interest rate ..... 2.60% 2.80% 2.83% 2.95% 3.01% — 2.87%
Cash equivalents and marketable
fixed-income securities ........ $1,147 $ 223 $ 195 $ 156 $ 134 $ — $1,855 $1,898
At December 31, 2006, we had long-term debt of $1.25 billion primarily associated with our 4.75%
Convertible Subordinated Notes and 6.875% PEACS, which are due in 2009 and 2010. The fair value of our
long-term debt will fluctuate with movements of interest rates, increasing in periods of declining rates of interest
and declining in periods of increasing rates of interest.
Based upon quoted market prices, the fair value of the 4.75% Convertible Subordinated Notes (outstanding
principal of $900 million) was $883 million and $868 million at December 31, 2006 and December 31, 2005.
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