eBay 2004 Annual Report Download - page 112

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
Note 5 Ì Investments:
At December 31, 2003 and 2004, short and long-term investments were classiÑed as available-for-sale
securities, except for restricted cash and investments, and are reported at fair value as follows (in thousands):
December 31, 2003
Gross Gross Gross
Amortized Unrealized Unrealized Estimated
Cost Gains Losses Fair Value
Short-term:
Restricted cash and investmentsÏÏÏÏÏÏÏÏÏÏ $ 14,859 $ Ì $ Ì $ 14,859
Municipal bonds and notes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 8,065 Ì Ì 8,065
Corporate debt securitiesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 223,400 2 (43) 223,359
Government and agency securities ÏÏÏÏÏÏÏÏ 60,419 259 Ì 60,678
Time deposits and other ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 48,474 Ì Ì 48,474
$ 355,217 $261 $ (43) $ 355,435
Long-term:
Restricted cash and investmentsÏÏÏÏÏÏÏÏÏÏ $ 127,544 $328 $ (440) $ 127,432
Corporate debt securitiesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 458,997 365 (491) 458,871
Government and agency securities ÏÏÏÏÏÏÏÏ 462,879 236 (2,067) 461,048
Equity instruments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 14,252 Ì Ì 14,252
$1,063,672 $929 $(2,998) $1,061,603
December 31, 2004
Gross Gross Gross
Amortized Unrealized Unrealized Estimated
Cost Gains Losses Fair Value
Short-term investments:
Restricted cash and investmentsÏÏÏÏÏÏÏÏÏÏ $ 156,130 $ 25 $ (750) $ 155,405
Corporate debt securitiesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 581,058 33 (2,908) 578,183
Government and agency securities ÏÏÏÏÏÏÏÏ 80,274 Ì (432) 79,842
Time deposits and other ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 23,979 Ì Ì 23,979
841,441 58 (4,090) 837,409
Long-term investments:
Restricted cash and investmentsÏÏÏÏÏÏÏÏÏÏ $ 1,397 $ 21 $ Ì $ 1,418
Corporate debt securitiesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 827,505 107 (2,137) 825,475
Government and agency securities ÏÏÏÏÏÏÏÏ 397,211 Ì (4,733) 392,478
Equity instruments and equity method
investments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 48,336 Ì Ì 48,336
$1,274,449 $128 $(6,870) $1,267,707
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