No, they spent (or lost) $5.3 Billion in two years. They have $3.2 Billlion in Short-Term investments and $4.7 Billion in cash and deposits which are assets for the company. The article further mentions that the total assets are for $10 Billion. $10 Billion in assets is not the same as $10 Billion in cash and deposits though.

Basically yeah, Nintendo lost/spent money over the course of these two years.

There was a Forbes article a few months ago that valued the Xbox division at $23 billion so it must have some very expensive assets. 

For those looking for the in between numbers, here you go (in Yen, with some rounding done for my calculations):

The company really isn't in a bad position. The main reason their cash is so much lower in US dollars is nothing other than the exchange rate.

Where all the cash at? o.o

Yes you are, good luck with that

@OP
They are actually doing fine. They can take this for decades at this rate. 

But..Who the hell keeps so much money as Working capital? They probably don't need half of that liquidity.

Really, is that a thing of the games (or japonese) industry? Maybe Forex protection?  Does risk justify that?
How come stakeholders agree to let them have so much stationary money?

Wow thats alot less than alot of Nintendo fans have been going on about. I thought they could bleed 1 billion a year for 30 years?

It  is quite the opposite, they are better than expected...

They just moved their resources through the balance sheet. Instead of being named "cash" they are named as "short term investment", among others.

4.7 billion? That's not really a lot for a company like Nintendo.

a $4.7 M money reserve? yes it is....

I don't know if $23b means that's how much the assets are worth, but how much the whole division would cost if they were to buy it.  I'm pretty sure that a division is worth more than the assets they own.  Right?