TiVo 2011 Annual Report Download - page 74

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on the face of the income statement. We will adopt both standards in the first quarter of fiscal year 2013.
In May 2011, the FASB issued a new accounting standard update, which amends the fair value measurement guidance and includes some enhanced
disclosure requirements. The most significant change in disclosures is an expansion of the information required for Level 3 measurements based on
unobservable inputs. The standard is effective for fiscal years beginning after December 15, 2011. We will adopt this standard in the first quarter of fiscal year
2013 and the adoption will not have a material impact on our financial statements and disclosures.
3. CASH AND INVESTMENTS
Cash, cash equivalents, short-term investments, and long-term investments consisted of the following:
As of January 31,
2012 2011
(in thousands)
Cash and cash equivalents:
Cash $ 7,016 $ 4,362
Cash equivalents:
Commercial paper 106,024 40,189
Certificate of deposit 5,000 —
Money market funds 51,515 26,670
Total cash and cash equivalents 169,555 71,221
Marketable debt securities:
Certificate of deposit 52,568 25,607
Commercial paper 81,272 24,473
Corporate debt securities 206,910 42,897
US agency securities 27,332 23,083
US Treasury securities 50,421 5,023
Foreign government securities — 12,035
Variable-rate demand notes 470 2,600
Asset-backed securities 13,087 2,498
Municipal bond 17,184 —
Current marketable debt securities 449,244 138,216
Auction rate securities — 2,490
Non-current marketable securities — 2,490
Total marketable securities 449,244 140,706
Other investment securities:
Other investment securities - cost method — 3,400
Total other investment securities — 3,400
Total cash, cash equivalents, marketable securities and other investment securities $ 618,799 $ 215,327
Marketable securities
The Company’s investment securities portfolio consists of various debt instruments, including corporate and government bonds, asset-backed
securities, foreign government securities, government securities, and municipal bonds, all of which are classified as available-for-sale.
Other investment securities
TiVo has an investment in a private company where the Company’s ownership is less than 20% and TiVo does not have significant influence. The
investment is accounted for under the cost method and is periodically assessed for other-than-temporary impairment. Refer to Note 4. "Fair Value" for
additional information on the impairment assessment of the investment.
Contractual Maturity Date
73