Blizzard 2003 Annual Report Download - page 41

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page 40
Notes to Consolidated Financial Statements
4. Cash, Cash Equivalents, and Short-Term Investments
The following table summarizes our cash, cash equivalents and short-term investments as of March 31, 2003
(amounts in thousands):
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
Cash and cash equivalents:
Cash and time deposits $ 87,348 $ — $ — $ 87,348
Money market funds 35,507 — — 35,507
Auction rate notes 162,699 — — 162,699
Cash and cash equivalents 285,554 — — 285,554
Short-term investments:
Corporate bonds 16,712 34 — 16,746
Taxable senior debt 2,253 — — 2,253
U.S. agency issues 52,055 65 (12) 52,108
Asset-backed bonds 39,224 122 (75) 39,271
Municipal bonds 11,022 — — 11,022
Short-term investments 121,266 221 (87) 121,400
Cash, cash equivalents and short-term investments $406,820 $221 $(87) $406,954
As of March 31, 2002, we held no short-term investments. Our cash and cash equivalents were comprised
of the following as of March 31, 2002 (amounts in thousands):
Cash $ 61,310
Money market funds 217,697
$279,007
The following table summarizes the maturities of our investments in debt securities as of March 31, 2003
(amounts in thousands):
Amortized Cost Fair Value
Due in one year or less $207,704 $207,762
Due after one year through two years 37,037 37,066
244,741 244,828
Asset-backed securities 39,224 39,271
Total $283,965 $284,099
For the year ended March 31, 2003, net realized gains on short-term investments consisted of $350,000 of
gross realized gains and $116,000 of gross realized losses.
5. Inventories
Our inventories consist of the following (amounts in thousands):
March 31, 2003 2002
Purchased parts and components $ 1,129 $ 892
Finished goods 18,448 19,844
$19,577 $20,736