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NVIDIA CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
Note 9
-
Marketable Securities
We account for our investment instruments in accordance with Statement of Financial Accounting Standards No. 115, or SFAS No. 115, Accounting for
Certain Investments in Debt and Equity Securities. All of our cash equivalents and marketable securities are treated as “available
-
for
-
sale” under SFAS No. 115.
Our investment policy requires the purchase of top
-
tier investment grade securities, the diversification of asset type and certain limits on our portfolio duration, as
specified in our investment policy guidelines. These guidelines also limit the amount of credit exposure to any one issue, issuer or type of instrument. The
following is a summary of cash equivalents and marketable securities at January 25, 2009 and January 27, 2008:
January 25, 2009
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
(In thousands)
Debt securities of United States government agencies
$
313,319
$
4,815
$
(13
)
$
318,121
Corporate debt securities
252,265
680
(1,771
)
251,174
Mortgage backed securities issued by United States government
-
sponsored
enterprises
162,243
361
(1,405
)
161,199
Money market funds
139,046
-
-
139,046
Commercial paper
56,995
2
-
56,997
Debt securities issued by United States Treasury
53,407
1,868
-
55,275
Asset
-
backed securities
39,014
71
(227
)
38,858
Total
$
1,016,289
$
7,797
$
(3,416
)
$
1,020,670
Classified as:
Cash equivalents
$
182,968
Marketable securities
837,702
Total
$
1,020,670
January 27, 2008
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
(In thousands)
Commercial paper
$
513,887
$
31
$
(2
)
$
513,916
Debt securities of United States government agencies
363,434
4,365
(69
)
367,730
Corporate debt securities
361,452
2,844
(281
)
364,015
Money market funds
218,055
-
-
218,055
Asset
-
backed securities
110,287
1,232
(11
)
111,508
Mortgage backed securities issued by United States government
-
sponsored
enterprises
69,620
769
(5
)
70,384
Debt securities issued by United States Treasury
29,327
256
-
29,583
Equity securities
2,491
1,613
-
4,104
Total
$
1,668,553
$
11,110
$
(368
)
$
1,679,295
Classified as:
Cash equivalents
$
596,786
Marketable securities
1,082,509
Total
$
1,679,295
88