Stamps.com 2001 Annual Report Download - page 55

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STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued)
5. Cash, Cash Equivalents and Investments
The following table summarizes the Company's cash, restricted cash and investments as of December 31, 2001 and 2000 (in thousands):
2001 2000
-------- --------
Cash and equivalents:
Cash............................................................... $ 5,553 $ 3,230
Commercial paper................................................... 19,679 50,857
Money market....................................................... 75,803 7,303
Corporate notes.................................................... 668 6,320
Certificates of deposit............................................ -- 1,826
-------- --------
Cash and equivalents........................................... 101,703 69,536
Restricted cash:
Certificates of deposit............................................ 2,089 2,089
U.S. Government and agency securities.............................. 1,872 1,921
Money market....................................................... 2,806 --
-------- --------
Restricted cash................................................ 6,767 4,010
Short-term investments:
Corporate notes and bonds.......................................... 29,496 92,209
Commercial paper................................................... 19,250 62,967
U.S. Government and agency securities.............................. 27,021 18,987
Certificates of deposit............................................ 1,154 230
-------- --------
Short-term investments......................................... 76,921 174,393
Long-term investments:
Corporate notes and bonds.......................................... 7,533 --
-------- --------
Long-term investments.............................................. 7,533 --
-------- --------
Cash and equivalents, restricted cash, short-term and long
term investments............................................. $192,294 $247,939
======== ========
Total restricted cash as of December 31, 2001 and 2000 is $6.8 million and $4.0 million, respectively. As of December 31, 2001 and 2000 the
total restricted cash includes $4.0 million related to letters of credit for facility leases.
6. Allowance for Doubtful Accounts
Increases to the allowance for doubtful accounts totaled $0, $619,000 and $0 for the years ended December 31, 2001, 2000 and 1999,
respectively. Write-offs against the allowance for doubtful accounts totaled $1,232,000, $0 and $0 for the years ended December 31, 2001,
2000 and 1999, respectively.
F-12
2002. EDGAR Online, Inc.