At September 2015 and 2014, cash and cash equivalents
include $11 million and $7 million, respectively, of cash in Venezuela which the Company expects to use over the next quarter as part of the normal operations in that country.
include money market securities, Treasury bills and short-term certificates of deposit.
serve two basic purposes: as a place to store emergency funds to help meet living expenses in the event of a sudden drop in income or to pay for large, unexpected expenses such as a medical or legal bill; and as a parking place for investment money until one is ready to put it into more attractive assets such as stocks, real estate, or long-term bonds.
Investing activities are the acquisition and disposal of long-term assets and other investments that are not included in cash and cash equivalents
The proxy for the bond market is the yield to maturity on 20-year bonds, and the proxy for cash equivalents
is the yield on three-month U.
CASH AND CASH EQUIVALENTS
-- END OF YEAR $47,216 $40,960
Instead, they must either use the days or have the employer automatically contribute the cash equivalent
to the retirement plan.
Because netting bank overdrafts (a liability) against cash in the cash flow statement would prevent agreement between the two cash balances - and since overdrafts can neither be reported as cash nor meet the definition of cash equivalents
(only investments can qualify as cash equivalents
) - it generally is inappropriate to net them against cash.
Effect of exchange rate changes on cash and cash equivalents
1060 applicable asset acquisition is allocated first to cash (Class I assets) on a dollar-for-dollar basis, then to cash equivalents
(Class II assets), such as marketable securities, certificates of deposit, etc.
USA Technologies reported cash and cash equivalents
The Company expects its total cash, including restricted cash and cash equivalents
, as of December 31, 2006, to be approximately $44 million.
The company finished the first quarter 2015 with $733 million in manufacturing cash, cash equivalents
and marketable securities.
In its December 18, 2006 press release, the company had stated that it would begin 2007 with a fully diluted share count of approximately 305 million shares based on the current stock price and would also anticipate beginning 2007 with over $250 million of cash, cash equivalents
and short-term investments if no further share repurchases were made during the fourth quarter.
This increase is attributable to (i) operating income of approximately $441,917 which primarily represents interest income earned from cash and cash equivalents
and (ii) the increase in real estate assets under development of $393,765, which results primarily from changes in the net realizable value estimates of certain development projects due to the shortening of the discount period as a result of the passage of time, offset by (iii) the recording of a $469,154 increase to the reserve for option cancellations to reflect the increase in the market price of WRP's common stock between June 30, 2006 and September 30, 2006.