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definition of discontinued operations than under existing U.S. GAAP. ASU 2014-08 requires that only
a disposal of a component of an entity, or a group of components of an entity, that represents a
strategic shift that has, or will have, a major effect on the reporting entity’s operations and financial
results should be reported in the financial statements as discontinued operations. ASU 2014-08 also
provides guidance on the financial statement presentations and disclosures of discontinued
operations. The amendments in ASU 2014-08 are effective for all disposals of components of an
entity that occur within annual periods beginning on or after December 15, 2014, and interim periods
within annual periods beginning on or after December 15, 2015, with early application permitted. The
Company is currently evaluating the effects, if any, that the adoption of this guidance will have on the
Company’s financial position, results of operations and cash flows.
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update
(“ASU”) 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue
recognition requirements in Topic 605, “Revenue Recognition” and requires entities to recognize
revenue in a way that depicts the transfer of promised goods or services to customers in an amount
that reflects the consideration to which the entity expects to be entitled in exchange for those goods
or services. The amendments in ASU 2014-09 are effective for annual reporting periods beginning
after December 15, 2016, including interim periods within that reporting period, with early application
not permitted. The Company is currently evaluating the effects, if any, that the adoption of this
guidance will have on the Company’s financial position, results of operations and cash flows.
Note 2 Marketable Securities Investments And Fair Value
Disclosures
The following tables summarize the available-for-sale securities (in thousands):
December 31, 2013
Cost
Basis
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 securities
230 153 — 383
Total available-for-sale marketable securities
$2,918,761 $2,743 $(1,317) $2,920,187
December 31, 2014
Cost
Basis
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Government and agency securities
$ 850,712 $ 82 $ (792) $ 850,002
Corporate debt securities, commercial
paper, time deposits, and bank certificates
of deposit
6,711,683 612 (4,653) 6,707,642
Alibaba Group equity securities
2,713,484 37,154,305 — 39,867,789
Hortonworks equity securities
26,246 77,783 — 104,029
Other corporate equity securities
230 430 — 660
Total available-for-sale marketable
securities
$10,302,355 $37,233,212 $(5,445) $47,530,122
101