Salesforce.com 2015 Annual Report Download - page 90

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2. Investments
Marketable Securities
At January 31, 2015, 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 ............... $605,724 $3,031 $(481) $608,274
U.S. treasury securities ...................... 73,226 257 (1) 73,482
Mortgage backed obligations ................. 44,181 159 (415) 43,925
Asset backed securities ...................... 120,049 131 (43) 120,137
Municipal securities ........................ 36,447 115 (25) 36,537
Foreign government obligations ............... 12,023 278 0 12,301
U.S. agency obligations ...................... 19,488 26 (4) 19,510
Covered bonds ............................. 66,816 1,185 0 68,001
Total marketable securities ................... $977,954 $5,182 $(969) $982,167
At January 31, 2014, 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 ............... $340,706 $1,314 $(170) $341,850
U.S. treasury securities ...................... 16,016 28 0 16,044
Mortgage backed obligations ................. 24,888 281 (93) 25,076
Asset backed securities ...................... 38,213 39 (35) 38,217
Municipal securities ........................ 2,000 1 (3) 1,998
Foreign government obligations ............... 24,305 171 (2) 24,474
U.S. agency obligations ...................... 14,726 9 (10) 14,725
Covered bonds ............................. 76,282 717 (1) 76,998
Total marketable securities ................... $537,136 $2,560 $(314) $539,382
The duration of the investments classified as marketable securities is as follows (in thousands):
As of
January 31,
2015
January 31,
2014
Recorded as follows:
Short-term (due in one year or less) ................................ $ 87,312 $ 57,139
Long-term (due after one year) .................................... 894,855 482,243
$982,167 $539,382
As of January 31, 2015, 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 ........ $185,716 $(468) $2,650 $(13) $188,366 $(481)
U.S. treasury securities ............... 3,005 (1) 0 0 3,005 (1)
Mortgage backed obligations ........... 30,853 (397) 1,461 (18) 32,314 (415)
Asset backed securities ............... 52,796 (39) 1,633 (4) 54,429 (43)
Municipal securities .................. 10,552 (24) 999 (1) 11,551 (25)
U.S. agency obligations ............... 1,996 (4) 0 0 1,996 (4)
$284,918 $(933) $6,743 $(36) $291,661 $(969)
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