| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2014 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
U.S. Government agency securities |
$ |
28,022 |
|
|
$ |
12,022 |
|
|
$ |
16,000 |
|
Corporate debt securities |
14,997 |
|
|
— |
|
|
14,997 |
|
Money market and other |
414,875 |
|
|
414,875 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
U.S. Treasury securities |
314,722 |
|
|
314,722 |
|
|
— |
|
U.S. Government agency securities |
666,327 |
|
|
644,336 |
|
|
21,991 |
|
Municipal securities |
33,032 |
|
|
— |
|
|
33,032 |
|
Corporate debt securities |
709,692 |
|
|
— |
|
|
709,692 |
|
Sovereign securities |
51,538 |
|
|
13,651 |
|
|
37,887 |
|
Total cash equivalents and marketable securities(1)
|
2,233,205 |
|
|
1,399,606 |
|
|
833,599 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
11,584 |
|
|
— |
|
|
11,584 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
166,305 |
|
|
95,404 |
|
|
70,901 |
|
Total financial assets(1)
|
$ |
2,411,094 |
|
|
$ |
1,495,010 |
|
|
$ |
916,084 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(1,816 |
) |
|
$ |
— |
|
|
$ |
(1,816 |
) |
Total financial liabilities |
$ |
(1,816 |
) |
|
$ |
— |
|
|
$ |
(1,816 |
) |
________________
(1) Excludes cash of $111.7 million held in operating accounts and time deposits of $21.9 million as of December 31, 2014.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2014 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
U.S. Government agency securities |
$ |
28,000 |
|
|
$ |
8,000 |
|
|
$ |
20,000 |
|
Municipal securities |
2,891 |
|
|
— |
|
|
2,891 |
|
Corporate debt securities |
68,992 |
|
|
— |
|
|
68,992 |
|
Money market and other |
397,517 |
|
|
397,517 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
U.S. Treasury securities |
384,400 |
|
|
365,401 |
|
|
18,999 |
|
U.S. Government agency securities |
839,843 |
|
|
811,841 |
|
|
28,002 |
|
Municipal securities |
93,325 |
|
|
— |
|
|
93,325 |
|
Corporate debt securities |
1,155,176 |
|
|
— |
|
|
1,155,176 |
|
Sovereign securities |
42,264 |
|
|
9,253 |
|
|
33,011 |
|
Total cash equivalents and marketable securities(1)
|
3,012,408 |
|
|
1,592,012 |
|
|
1,420,396 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
666 |
|
|
— |
|
|
666 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
159,995 |
|
|
105,311 |
|
|
54,684 |
|
Total financial assets(1)
|
$ |
3,173,069 |
|
|
$ |
1,697,323 |
|
|
$ |
1,475,746 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(898 |
) |
|
$ |
— |
|
|
$ |
(898 |
) |
Total financial liabilities |
$ |
(898 |
) |
|
$ |
— |
|
|
$ |
(898 |
) |
________________
(1) Excludes cash of $106.7 million held in operating accounts and time deposits of $33.5 million as of June 30, 2014.
|