eBay 1999 Annual Report Download - page 66

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Note 5—Investments:
At December 31, 1999, short and long-term investments were classified as available-for-sale securities and
are reported at fair value as follows, (in thousands):
Gross
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Estimated
Fair Value
Short-term investments:
Municipal bonds and notes ................. $ 75,442 $ — $ (55) $ 75,387
Corporate bonds ......................... 44,356 — (5) 44,351
Government securities ..................... 59,820 — (492) 59,328
Other ................................. 2,034 — (14) 2,020
Total .............................. $181,652 $ — $ (566) $181,086
Long-term investments:
Municipal bonds and notes ................. $322,144 $ — $(3,425) $318,719
Corporate bonds ......................... 2,353 — (26) 2,327
Government securities ..................... 28,112 — (392) 27,720
Other ................................. 12,012 13,210 — 25,222
Total .............................. $364,621 $13,210 $(3,843) $373,988
At December 31, 1998, short and long-term investments in marketable securities were classified as
available-for-sale and consisted entirely of municipal bonds and notes, the fair value of which approximated cost.
The estimated fair value of short and long-term investments classified by date of contractual maturity are as
follows, (in thousands):
December 31,
1998 1999
Due within one year or less ...................................... $12,287 $247,513
Due after one year through two years ............................... 28,114 128,455
Due after two years through three years ............................. — 153,884
Equity investments ............................................. — 25,222
$40,401 $555,074
Note 6—Balance Sheet Components:
December 31,
1998 1999
(in thousands)
Cash and cash equivalents:
Cash and money market funds ................................. $14,720 $ 55,414
Securities and cash equivalents ................................ 22,565 164,265
Total................................................ $37,285 $219,679
Accounts receivable, net:
Accounts receivable ........................................ $16,056 $ 44,940
Less: Allowance for doubtful accounts ........................... (2,614) (6,722)
Allowance for authorized credits ........................... (1,017) (1,680)
Total ............................................ $12,425 $ 36,538
eBAY INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
61