Yahoo 2010 Annual Report Download - page 85

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December 31,
2009 2010
Reported as:
Short-term marketable debt securities ................................... $2,015,655 $1,357,661
Long-term marketable debt securities ................................... 1,226,919 744,594
Other assets ....................................................... 2,597 1,469
Total ........................................................ $3,245,171 $2,103,724
Available-for-sale securities included in cash and cash equivalents on the consolidated balance sheets are not
included in the table above as the gross unrealized gains and losses were immaterial for both 2009 and 2010 as
the carrying value approximates fair value because of the short maturity of those instruments.
The contractual maturities of available-for-sale marketable debt securities were as follows (in thousands):
December 31,
2009 2010
Due within one year .................................................... $2,015,655 $1,357,661
Due after one year through five years ....................................... 1,226,919 744,594
Total available-for-sale marketable debt securities ........................ $3,242,574 $2,102,255
The following tables show all investments in an unrealized loss position for which an other-than-temporary
impairment has not been recognized and the related gross unrealized losses and fair value, aggregated by
investment category and length of time that individual securities have been in a continuous unrealized loss
position (in thousands):
December 31, 2009
Less than 12 Months 12 Months or Greater Total
Fair Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Government and agency securities ......... $ 886,657 $(1,825) $ — $— $ 886,657 $(1,825)
Municipal bonds ....................... 8,760 (3) — — 8,760 (3)
Corporate debt securities, commercial paper,
and bank certificates of deposit .......... 352,031 (1,298) — — 352,031 (1,298)
Total investments in available-for-sale
securities ....................... $1,247,448 $(3,126) $ — $— $1,247,448 $(3,126)
December 31, 2010
Less than 12 Months 12 Months or Greater Total
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Government and agency securities ......... $ 539,287 $ (514) $ — $— $ 539,287 $ (514)
Corporate debt securities, commercial paper,
and bank certificates of deposit .......... 153,209 (75) 6,006 (1) 159,215 (76)
Corporate equity securities ............... 1,469 (1,128) — — 1,469 (1,128)
Total investments in available-for-sale
securities ....................... $ 693,965 $(1,717) $6,006 $ (1) $ 699,971 $(1,718)
The Company’s investment portfolio consists of liquid high-quality fixed income government, agency,
municipal, and corporate debt securities, money market funds, and time deposits with financial institutions.
83