Symantec 2009 Annual Report Download - page 136

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Note 3. Short-Term Investments
Available-for-sale investments as of April 3, 2009 and March 28, 2008 were as follows:
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
April 3, 2009 March 28, 2008
(In thousands) (In thousands)
Asset-backed securities.... $ 14,657 $— $(2,230) $ 12,427 $ 52,377 $210 $(2,802) $ 49,785
Corporate securities ...... 8,402 — (432) 7,970 46,617 155 (408) 46,364
Commercial paper ....... — — — — 436,342 — — 436,342
Government securities .... 174,962 9 (7) 174,964 997 3 — 1,000
Marketable equity
securities ............ 3,306 — — 3,306 3,237 — — 3,237
Total ............... $201,327 $ 9 $(2,669) $198,667 $539,570 $368 $(3,210) $536,728
The following table provides the gross unrealized losses and the fair market value of our investments with
unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and
length of time that individual securities have been in a continuous unrealized loss position as of the following years
ended:
Losses Fair Value Losses Fair Value Losses Fair Value Losses Fair Value Losses Fair Value Losses Fair Value
Less than 12
Months
12 Months or
Greater Total
Less than 12
Months
12 Months or
Greater Total
April 3, 2009 March 28, 2008
(In thousands) (In thousands)
Asset-backed securities . . . . . $ 1 $ 303 $2,229 $12,124 $2,230 $ 12,427 $354 $10,058 $2,448 $23,362 $2,802 $33,420
Corporate securities . . . . . . . 41 3,960 391 4,010 432 7,970 258 9,245 150 5,830 408 15,075
Government securities . . . . . . 7 83,989 — — 7 83,989 — — — — — —
Total . . . . . . . . . . . . . . . . $49 $88,252 $2,620 $16,134 $2,669 $104,386 $612 $19,303 $2,598 $29,192 $3,210 $48,495
Proceeds from sales of available-for-sale investments, primarily asset-backed securities, were $685 million in
fiscal 2009. The gross realized losses on sales of available-for-sale investments totaled $3 million and were
primarily related to our sales of asset-backed securities and corporate securities.
Proceeds from sales of available-for-sale investments were $1.2 billion in fiscal 2008 and $350 million in fiscal
2007. The gross realized gains and losses on our sales of available-for-sale investments were not material during
fiscal 2008 and 2007.
The amortized cost and fair value of available-for-sale investments and cash equivalents, as of April 3, 2009,
by contractual maturity, were as follows:
Amortized Cost Fair Value
(In thousands)
Due in 1 year ........................................... $1,524,282 $1,524,240
Due in 1-5 years ........................................ 5,141 4,747
Due in 5-10 years........................................ — —
Due after 10 years ....................................... 13,916 11,690
Total ............................................... $1,543,339 $1,540,677
76
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)