Yahoo 2013 Annual Report Download - page 94

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The following table sets forth the financial assets and liabilities, measured at fair value, by level within the fair
value hierarchy as of December 31, 2012 (in thousands):
Fair Value Measurements at Reporting Date Using
Assets Level 1 Level 2 Level 3 Total
Money market funds(1) ............................... $685,707 $ — $ — $ 685,707
Available-for-sale securities:
Government and agency securities(1) ................. — 2,464,227 — 2,464,227
Commercial paper and bank certificates of deposit(1) . . . — 892,769 — 892,769
Corporate debt securities(1) ........................ — 1,298,123 — 1,298,123
Time deposits .................................. — 84,555 — 84,555
Alibaba Group Preference Shares ................... — — 816,261 816,261
Corporate equity securities(2) ...................... 197 — — 197
Foreign currency derivative contracts(3) .................. — 5,007 — 5,007
Financial assets at fair value ................... $685,904 $4,744,681 $816,261 $6,246,846
Liabilities
Foreign currency derivative contracts(3) .................. — (6,662) — (6,662)
Total financial assets and liabilities at fair value . . . $685,904 $4,738,019 $816,261 $6,240,184
The following table sets forth the financial assets and liabilities, measured at fair value, by level within the fair
value hierarchy as of December 31, 2013 (in thousands):
Fair Value Measurements at Reporting Date Using
Assets Level 1 Level 2 Level 3 Total
Money market funds(1) ............................... $936,438 $ — $ — $ 936,438
Available-for-sale securities:
Government and agency securities(1) ................. — 876,197 — 876,197
Commercial paper and bank certificates of deposit(1) . . . — 472,080 — 472,080
Corporate debt securities(1) ........................ — 2,059,159 — 2,059,159
Time deposits .................................. — 84,443 — 84,443
Corporate equity securities(2) ...................... 370 — — 370
Foreign currency derivative contracts(3) .................. — 214,041 — 214,041
Financial assets at fair value ................... $936,808 $3,705,920 $ — $4,642,728
Liabilities
Foreign currency derivative contracts(3) .................. — (1,401) — (1,401)
Total financial assets and liabilities at fair value . . . $936,808 $3,704,519 $ — $4,641,327
(1) The money market funds, government and agency securities, commercial paper and bank certificates of
deposit, and corporate debt securities are classified as part of either cash and cash equivalents or investments
in marketable securities in the consolidated balance sheets.
(2) The corporate equity securities are classified as part of the other long-term assets and other marketable
securities are classified as investments in marketable securities in the consolidated balance sheets.
(3) Foreign currency derivative contracts are classified as part of either other current assets or other current
liabilities in the consolidated balance sheets. The notional amounts of the foreign currency derivative
contracts were $3.4 billion, including contracts designated as net investment hedges of $3 billion, as of
December 31, 2012, and $1.8 billion, including contracts designated as net investment hedges of $1.3 billion,
as of December 31, 2013.
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