 |
|
|
 |
|
Equity and Other Investments
 |
 |
|
 |
|
 |
|
 |
|
| |
|
|
|
|
|
|
|
|
| Debt securities recorded at market, maturing: |
|
|
|
|
|
|
|
|
| |
Within one year |
$ |
498 |
|
$ |
27 |
|
$ |
– |
|
$ |
525 |
|
| |
Between 2 and 10 years |
388 |
|
11 |
|
(3 |
) |
396 |
|
| |
Between 10 and 15 years |
775 |
|
14 |
|
(93 |
) |
696 |
|
| |
Beyond 15 years |
4,745 |
|
– |
|
(933 |
) |
3,812 |
|
|
|
| |
|
Debt securities recorded at market |
6,406 |
|
52 |
|
(1,029 |
) |
5,429 |
|
| |
|
|
| Common stock and warrants |
5,815 |
|
5,655 |
|
(1,697 |
) |
9,773 |
|
| Preferred stock |
2,319 |
|
– |
|
– |
|
2,319 |
|
| Other investments |
205 |
|
– |
|
– |
|
205 |
|
|
|
| |
|
Equity and other investments |
$ |
14,745 |
|
$ |
5,707 |
|
$ |
(2,726 |
) |
$ |
17,726 |
|
|
|
| |
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Debt securities recorded at market, maturing: |
|
|
|
|
|
|
|
|
| |
Within one year |
$ |
500 |
|
$ |
– |
|
$ |
– |
|
$ |
500 |
|
| |
Between 2 and 10 years |
643 |
|
12 |
|
(3 |
) |
652 |
|
| |
Between 10 and 15 years |
513 |
|
– |
|
(9 |
) |
504 |
|
| |
Beyond 15 years |
4,754 |
|
– |
|
(829 |
) |
3,925 |
|
| |
|
|
|
|
| |
|
Debt securities recorded at market |
6,410 |
|
12 |
|
(841 |
) |
5,581 |
|
| |
|
|
| Common stock and warrants |
5,555 |
|
2,030 |
|
(285 |
) |
7,300 |
|
| Preferred stock |
881 |
|
– |
|
– |
|
881 |
|
| Other investments |
379 |
|
– |
|
– |
|
379 |
|
|
|
| |
|
Equity and other investments |
$ |
13,225 |
|
$ |
2,042 |
|
$ |
(1,126 |
) |
$ |
14,141 |
|
|
|
Debt securities include corporate and government notes and bonds and derivative securities. Debt securities maturing beyond 15 years are composed entirely of AT&T 5% convertible preferred debt with a contractual maturity of 30 years. The debt is convertible into AT&T common stock on or after December 1, 2000, or may be redeemed by AT&T upon satisfaction of certain conditions on or after June 1, 2002. Equity securities that are restricted for more than one year or not publicly traded are recorded at cost. At June 30, 2000 and 2001, the estimated fair value of these investments in excess of their recorded basis was $2.70 billion and $161 million, based on publicly available market information or other estimates determined by management. Realized gains and (losses) from equity and other investments (excluding impairments discussed previously) were $786 million and $(2) million in 1999, $1.94 billion and $(10) million in 2000, and $3.03 billion and $(23) million in 2001.
|
|
