Salesforce.com 2013 Annual Report Download - page 78

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2. Investments
Marketable Securities
At January 31, 2013, marketable securities consisted of the following (in thousands):
Investments classified as Marketable Securities
Amortized
Cost
Unrealized
Gains
Unrealized
Losses Fair Value
Corporate notes and obligations ............ $ 685,695 $5,113 $ (919) $ 689,889
U.S. treasury securities ................... 38,864 20 (15) 38,869
Mortgage backed securities ................ 12,447 278 (2) 12,723
Government obligations .................. 9,572 72 (3) 9,641
Municipal securities ..................... 2,697 1 (32) 2,666
Collateralized mortgage obligations ......... 150,794 1,775 (693) 151,876
U.S. agency obligations ................... 105,224 157 (5) 105,376
Total marketable securities ................ $1,005,293 $7,416 $(1,669) $1,011,040
At January 31, 2012, marketable securities consisted of the following (in thousands):
Investments classified as Marketable Securities
Amortized
Cost
Unrealized
Gains
Unrealized
Losses Fair Value
Corporate notes and obligations ............ $502,894 $3,485 $(1,607) $504,772
U.S. treasury securities ................... 79,290 70 (2) 79,358
Mortgage backed securities ................ 15,206 375 (155) 15,426
Government obligations .................. 3,132 78 0 3,210
Municipal securities ..................... 8,753 47 (11) 8,789
Collateralized mortgage obligations ......... 118,729 2,192 (426) 120,495
U.S. agency obligations ................... 107,515 331 (6) 107,840
Total marketable securities ................ $835,519 $6,578 $(2,207) $839,890
The duration of the investments classified as marketable securities is as follows (in thousands):
As of January 31,
2013 2012
Recorded as follows:
Short-term (due in one year or less) ............................. $ 120,376 $170,582
Long-term (due between one and 3 years) ........................ 890,664 669,308
$1,011,040 $839,890
As of January 31, 2013, the following marketable securities were in an unrealized loss position (in
thousands):
Less than 12 Months 12 Months or Greater Total
Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses Fair Value
Unrealized
Losses
Corporate notes and obligations ........ $180,374 $ (653) $ 8,920 $(266) $189,294 $ (919)
U.S. treasury securities ............... 16,513 (15) 0 0 16,513 (15)
Mortgage backed securities ............ 1,173 (2) 0 0 1,173 (2)
Government obligations .............. 6,497 (3) 0 0 6,497 (3)
Municipal securities ................. 0 0 1,665 (32) 1,665 (32)
Collateralized mortgage obligations ..... 72,353 (608) 6,151 (85) 78,504 (693)
U.S. agency obligations ............... 12,996 (5) 0 0 12,996 (5)
$289,906 $(1,286) $16,736 $(383) $306,642 $(1,669)
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