Autodesk 2002 Annual Report Download - page 46

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Marketable Securities
Marketable securities include the following available-for-sale securities at January 31, 2002 and 2001:
January 31, 2002
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated
fair value
(In thousands)
Short-term:
Municipal Bonds ................................... $144,285 $ 261 $ (84) $144,462
Preferred Stock ..................................... 28,975 33 — 29,008
MoneyMarket ..................................... 27,560 — — 27,560
200,820 294 (84) 201,030
Long-term:
Municipal Bonds ................................... 163,707 3,101 (8) 166,800
$364,527 $3,395 $ (92) $367,830
January 31, 2001
Cost
Gross
unrealized
gains
Gross
unrealized
losses
Estimated
fair value
(In thousands)
Short-term:
Municipal Bonds ................................... $ 57,296 $ 38 $— $ 57,334
Preferred Stock ..................................... 10,500 5 — 10,505
MoneyMarket ..................................... 43,737 84 — 43,821
Commercial Paper and Corporate Bonds ................. 4,498 19 — 4,517
Agency Securities ................................... 26,686 98 — 26,784
142,717 244 — 142,961
Long-term:
Municipal Bonds ................................... $144,411 $2,791 $— $147,202
Corporate Bonds .................................... 2,993 98 — 3,091
Asset Backed Securities .............................. 4,002 72 — 4,074
Agency Securities ................................... 8,638 143 — 8,781
160,044 3,104 — 163,148
$302,761 $3,348 $— $306,109
The contractual maturities of Autodesk’s long-term marketable securities at January 31, 2002 were as
follows: $73.1 million between one and two years; $50.7 million maturing in three years; $42.5 million maturing
in four to five years; and $0.5 million beyond five years. Expected maturities may differ from contractual
maturities because the issuers of the securities may have the right to prepay or call obligations without
prepayment penalties. Realized gains on the sale of available-for-sale securities were $2.8 million in fiscal 2002.
Realized gains and losses on available-for-sale securities were immaterial in fiscal 2001 and 2000. The cost of
securities sold is based on the specific identification method.
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