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Note 2 I
NVESTMENTS
A
ND
F
AIR
V
ALUE
M
EASUREMENTS
The following tables summarize the investments in available-for-sale securities (in thousands):
December 31, 2012
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Government and agency securities ...................... $1,312,876 $ 985 $ (45) $1,313,816
Corporate debt securities, commercial paper, and bank
certificates of deposit ............................... 2,039,809 1,597 (622) 2,040,784
Corporate equity and other marketable securities ........... 230 — (33) 197
Alibaba Group Preference Shares ....................... 816,261 — — 816,261
Total investments in available-for-sale securities ....... $4,169,176 $2,582 $ (700) $4,171,058
December 31, 2013
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Government and agency securities ...................... $ 538,397 $ 65 $ (101) $ 538,361
Corporate debt securities, commercial paper, and bank
certificates of deposit ............................... 2,380,134 2,525 (1,216) 2,381,443
Corporate equity and other marketable securities ........... 230 153 — 383
Total investments in available-for-sale securities ....... $2,918,761 $2,743 $(1,317) $2,920,187
December 31,
2012 2013
Reported as:
Short-term marketable securities ....................................... $1,516,175 $1,330,304
Long-term marketable securities ....................................... 1,838,425 1,589,500
Alibaba Group Preference Shares ...................................... 816,261 —
Other assets ....................................................... 197 383
Total ........................................................ $4,171,058 $2,920,187
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 2012 and 2013 as
the carrying value approximates fair value because of the short maturity of those instruments.
The contractual maturities of available-for-sale marketable securities were as follows (in thousands):
December 31,
2012 2013
Due within one year .................................................... $1,516,175 $1,330,304
Due after one year through five years ....................................... 1,838,425 1,589,500
Total available-for-sale marketable securities ............................ $3,354,600 $2,919,804
90