Cash and cash equivalents consist of bank deposits, money market funds, high-grade commercial paper, and agency bonds with maturities of less than 3 months at issue. Marketable securities generally consist of high-grade commercial paper, agency bonds, corporate and other debt securities, U.S. government agency securities, and treasury bills.
The cash and cash equivalents and marketable securities are held for working capital purposes. The primary objective of our investment activities is to preserve principal while maximizing income without significantly increasing risk.
” (source: Zoom 10-Q
Now let’s deep dive into their portfolio of “marketable securities” which accounts for about 50% of their liquid funds that are held for working capital purposes.
Marketable Securities = $732M