Blizzard 2007 Annual Report Download - page 76

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79
A C T I V I S I O N , I N C . • • 2 0 0 7 A N N U A L R E P O R T
The following table summarizes our cash, cash equivalents, and short-term investments as of March
31, 2006 (amounts in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash and cash equivalents:
Cash and time deposits $162,403 $ — $ — $ 162,403
Commercial paper 141,086 4 (155) 140,935
Money market instruments 37,560 — — 37,560
U.S. agency issues 13,436 — (3) 13,433
Cash and cash equivalents 354,485 4 (158) 354,331
Short-term investments:
U.S. agency issues 259,055 — (3,444) 255,611
Corporate bonds 171,207 1 (1,376) 169,832
Mortgage-backed securities 55,139 — (459) 54,680
Common stock 47,868 12,880 — 60,748
Asset-backed securities 16,866 — (47) 16,819
Commercial paper 15,016 — (26) 14,990
Certificate of deposit 10,468 — (19) 10,449
Restricted cash 7,500 — — 7,500
Short-term investments 583,119 12,881 (5,371) 590,629
Cash, cash equivalents and
short-term investments $937,604 $12,885 $(5,529) $ 944,960
Auction rate securities are securities that are structured with short-term reset dates of generally less
than 90 days but with maturities in excess of 90 days. At the end of the reset period, investors can
sell or continue to hold the securities at par. These securities are classified in the table below based
on their legal stated maturity dates.
The following table summarizes the final maturities of our investments in securities as of March 31,
2007 (amounts in thousands):
Amortized
Cost
Fair
Value
Due after one year or less $378,929 $ 378,105
Due after one year through two years 83,333 83,251
Due after two years through three years 14,465 14,158
476,727 475,514
Auction rate notes 114,698 114,698
Certificate of deposit 21,866 21,865
Asset/mortgage backed securities 40,896 40,692
Total investments in securities $654,187 $ 652,769