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Pandora Media's quarterly cash, cash equivalents, marketable securities declined from Mar. 2018 ($544.41 Mil) to Jun. 2018 ($420.79 Mil) but then stayed the same from Jun. 2018 ($420.79 Mil) to Sep. 2018 ($387.64 Mil).
Pandora Media's annual cash, cash equivalents, marketable securities declined from Dec. 2015 ($370.51 Mil) to Dec. 2016 ($237.05 Mil) but then increased from Dec. 2016 ($237.05 Mil) to Dec. 2017 ($500.85 Mil).
The historical data trend for Pandora Media's Cash, Cash Equivalents, Marketable Securities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pandora Media Annual Data | |||||||||||||||||||
Trend | Jan09 | Jan10 | Jan11 | Jan12 | Jan13 | Dec14 | Dec15 | Dec16 | Dec17 | ||||||||||
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 88.97 | 354.59 | 370.51 | 237.05 | 500.85 |
Pandora Media Quarterly Data | ||||||||||||||||||||
Oct13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Cash, Cash Equivalents, Marketable Securities | Get a 7-Day Free Trial | 499.43 | 500.85 | 544.41 | 420.79 | 387.64 |
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
Pandora Media (NYSE:P) Cash, Cash Equivalents, Marketable Securities Explanation
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Thank you for viewing the detailed overview of Pandora Media's Cash, Cash Equivalents, Marketable Securities provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory B Maffei | director | 12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Karen Sammis Walker | officer: Chief Accounting Officer | 2101 WEBSTER STREET, #1650, OAKLAND CA 94612 |
S Aimee Lapic | officer: Chief Marketing Officer | 2101 WEBSTER ST #1650, OAKLAND CA 94612 |
Michael Lynton | director | 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
David J Frear | director | 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Naveen K. Chopra | officer: Chief Financial Officer | C/O 2160 GOLD STREET, SAN JOSE CA 95002 |
Stephen G Bene | officer: General Counsel & Secretary | C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
James E Meyer | director | 6922 HOLLYWOOD BLVD., 12TH FLOOR, LOS ANGELES CA 90028 |
Roger Lynch | director, officer: CEO & President | PANDORA MEDIA, INC., 2101 WEBSTER STREET, SUITE 1650, OAKLAND CA 94612 |
Liberty Media Corp | director, 10 percent owner | 12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112 |
Elizabeth A Nelson | director | MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103 |
Peter C Gotcher | director | |
James Feuille | director | TWO EMBARCADERO, SUITE 2200, SAN FRANCISCO CA 94111 |
Peter Chernin | director | 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036 |
Crosslink Capital Inc | other: Affiliate of Director | 2180 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
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