Amazon.com 2007 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2007 Amazon.com 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 96

  • 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

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, 2007 (in millions, except percentages):
2008 2009 2010 2011 2012 Thereafter Total
Estimated
Fair Value at
December 31,
2007
Money market funds ................. $1,408 $ — $ — $ — $ — $ — $1,408 $1,408
Weighted average interest rate ......... 4.42% ———— — 4.42%
Certificates of deposit ................ ————— — — —
Weighted average interest rate ......... ————— — —
Corporate debt securities .............. 6 16 26 49 18 — 115 116
Weighted average interest rate ......... 5.11% 4.65% 4.78% 4.59% 4.85% — 4.71%
U.S. Government and Agency
Securities ........................ 120 49 49 33 46 — 297 301
Weighted average interest rate ......... 4.26% 3.20% 3.69% 3.72% 3.46% — 3.81%
Asset backed securities ............... 10 31 30 28 1 1 101 101
Weighted average interest rate ......... 5.17% 4.80% 4.74% 4.99% 4.62% 4.65% 4.87%
Foreign government and agency
securities ........................ 274 30 18 26 9 — 357 357
Weighted average interest rate ......... 4.28% 3.49% 3.71% 3.89% 3.83% — 4.15%
Other securities ..................... — 4 — — — — 4 4
Weighted average interest rate ......... — 4.55% — — — — 4.55%
Cash equivalents and marketable
fixed-income securities ............. $1,818 $ 130 $ 123 $ 136 $ 74 $ 1 $2,282 $2,287
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%
Foreign government and agency
securities ........................ 21 28 21 17 18 — 105 104
Weighted average interest rate ......... 3.74% 3.83% 3.83% 3.86% 3.87% — 3.82%
Other securities ..................... — 2 2 — — — 4 4
Weighted average interest rate ......... — 5.08% 5.12% — — — 5.10%
Cash equivalents and marketable
fixed-income securities ............. $1,391 $ 139 $ 123 $ 114 $ 93 $ 37 $1,897 $1,894
At December 31, 2007, we had long-term debt of $1.3 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.
41