Im not sure if this helps, but as of December 31, 1997, the Company's cash and cash equivalent balances and short and long-term investments increased to $74.1 million from $72.1 million as of December 31, 1996. Shares of LCA common stock valued at $8.1 million were included in long-term investments with total long term investments of $13,583,000.00 as of December 31, 1997. Short term and long term as of 12/31/97 were as follows:
Short and long term investment securities consists of the following at December 31, 1997:
FAIR VALUE
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At December 31, 1997
U.S. Government securities $ 983
Mortgage-backed securities 2,248
Corporate bonds 29,062
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Total debt securities 32,293
Equity security 8,060
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$ 40,353
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The $8.1 million relating to the LCAV shares were calculated with a basis of $1.25 on approx. 7.1 million shares. That figure has increased to approx. $24,500,000.00 as of July 2, 1998.
Therefore cash and cash equivalent balances and short term and long term investments are approximately:
Cash and cash equivalents: $33,720,000.00 as of 12/31/97
Cash from PPP dissolution: $35,000,000.00 as of 07/02/98
Short term investments: $26,770,000.00
Long-term (minus LCAV
shares): $ 4,720,000.00
LCAV value 07/02/98: $24,500,000.00
Total Cash and Cash
Equivalents incld,
Short/long term Invest: $124,710,000.00
Note: These figures do not include all current assets nor total assets. |
