Stamps.com 2002 Annual Report Download - page 57

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Table of Contents
STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
5.Segment Information
SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information” establishes standards of reporting information
regarding operating segments in annual financial statements and requires selected information for those segments to be presented in interim
financial reports issued to stockholders. The Company operates in a single segment and therefore no additional disclosure is required.
6.Cash, Cash Equivalents and Investments
The following table summarizes the Company’ s cash, restricted cash and investments as of December 31, 2002 and 2001 (in thousands):
2002 2001
Cash and equivalents:
Cash $ 6,766 $ 5,553
Commercial paper 15,269 19,679
Money market 12,834 75,803
Municipal Bonds 27,781 —
Corporate notes 1,825 668
Certificates of deposit 300 —
Cash and equivalents 64,775 101,703
Restricted cash:
Certificates of deposit 1,007 2,089
U.S. Government and agency securities — 1,872
Money market 2,802 2,806
Restricted cash 3,809 6,767
Short-term investments:
Corporate notes and bonds 15,622 29,496
Commercial paper 10,391 19,250
U.S. Government and agency securities 6,059 27,021
Certificates of deposit — 1,154
Short-term investments 32,072 76,921
Long-term investments:
U.S. Government and agency securities 31,984 —
Corporate notes and bonds 40,074 7,533
Long-term investments 72,058 7,533
Cash and equivalents, restricted cash, short-term and longterm investments $ 172,714 $ 192,294
Total restricted cash as of December 31, 2002 and 2001 is $3.8 million and $6.8 million, respectively. As of December 31, 2002 and 2001 the
total restricted cash includes $1.0 million and $4.0 million, respectively, related to letters of credit for facility leases.
F-14
2003. EDGAR Online, Inc.