Starbucks 1999 Annual Report Download - page 19

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NOTE 3: CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of the following (in thousands):
 ,   , 
Operating funds and interest-bearing deposits $ 39,926 $ 26,564
Commercial paper 7,980 67,024
Money market funds 18,513 8,075
$ 66,419 $ 101,663
NOTE 4: INVESTMENTS
The Company’s investments consist of the following (in thousands):
 
 
   
October 3,1999    
Current investments
Corporate debt securities $ 17,233 $ 17,123 $ 155 $ (45)
U.S. Government obligations 4,988 4,976 13 (1)
Commercial paper 18,706 18,751 – (45)
Mutual funds 2,056 2,002 73 (19)
Marketable equity securities 8,384 8,258 313 (187)
$ 51,367 $ 51,110 $ 554 $ (297)
Non-current investments
U.S. Government obligations $ 5,028 $ 5,044 $ – $ (16)
 
 
   
September 27, 1998    
Current investments
Corporate debt securities $ 11,356 $ 11,373 $ 20 $ (37)
U.S. Government obligations 10,410 10,409 1 –
Marketable equity securities 108 958 – (850)
$ 21,874 $ 22,740 $ 21 $ (887)
All investments are classified as available-for-sale as of October 3,1999 and September 27, 1998.
Securities with remaining maturities of one year or less are classified as short-term investments.
Securities with remaining maturities longer than one year are classified as long-term and are
included in the line item “Joint ventures and other investments” in the accompanying consolidated
balance sheets.The specific identification method is used to determine a cost basis for computing
realized gains and losses.
In fiscal 1999, 1998 and 1997, proceeds from the sale of investment securities were $3.6 million,
$5.1 million and $9.3 million, respectively. Gross realized gains and losses were not material in
1999, 1998 and 1997.
.
STARBUCKS COFFEE COMPANY