SanDisk 2006 Annual Report Download - page 113

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A summary of the carrying values and balance sheet classification was as follows for the following fiscal years
ended December 31, 2006 and January 1, 2006 (in thousands):
December 31,
2006
January 1,
2006
Available-for-sale investments ................................ $3,126,381 $1,662,473
Cash on hand ............................................ 160,773 35,224
Other .................................................. 2,223 18,338
Total................................................... $3,289,377 $1,716,035
Reported as:
Cash and cash equivalents ................................... $1,580,700 $ 762,058
Short-term investments ..................................... 1,228,773 935,639
Investment in foundries ..................................... 22,720 18,338
Long-term investments ..................................... 457,184 —
Total................................................... $3,289,377 $1,716,035
The following table summarizes for those securities that have been in an unrealized loss position, the fair value
and gross unrealized losses on the available-for-sale investments aggregated by type of investment instrument and
length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2006.
Available-for-sale securities that were in an unrealized gain position have been excluded from the table:
Market Value
Gross
Unrealized
Losses
Market
Value
Gross
Unrealized
Losses
Market
Value
Gross
Unrealized
Losses
Less than 12 Months 12 Months or Greater Total
(In thousands)
U.S. government agency . . . $514,714 $ (517) $ 92,164 $(446) $606,878 $ (963)
Municipal notes/bonds .... 248,371 (180) 10,764 (20) 259,135 (200)
Corporate notes/bonds..... 12,800 (27) 14,637 (395) 27,437 (422)
Equity investments ....... 66,463 (4,938) — — 66,463 (4,938)
Total ................. $842,348 $(5,662) $117,565 $(861) $959,913 $(6,523)
The unrealized losses were primarily caused by interest rate increases or market fluctuations. The Company
has the ability and intent to hold the fixed income investments until a recovery of fair value is realized. The decline is
temporary for equity investments.
Gross realized gains and losses on sales of available-for-sale securities during the fiscal years ended
December 31, 2006, January 1, 2006 and January 2, 2005 were immaterial.
Debt securities at December 31, 2006 by contractual maturity are shown below (in thousands). Actual
maturities may differ from contractual maturities because issuers of the securities may have the right to prepay
obligations.
Cost
Estimated
Fair Value
Short-term investments:
Due in one year or less ................................... $2,479,489 $2,478,625
Due after one year through five years ......................... 548,057 547,816
Total................................................. $3,027,546 $3,026,441
F-14
Notes to Consolidated Financial Statements — (Continued)