Yahoo 2014 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2014 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

December 31,
2013 2014
Reported as:
Short-term marketable securities
$1,330,304 $ 5,327,412
Long-term marketable securities
1,589,500 2,230,892
Investment in Alibaba Group
— 39,867,789
Other long-term assets and investments
383 104,029
Total
$2,920,187 $47,530,122
Short-term, highly liquid investments of $1.5 billion and $2.0 billion as of December 31, 2013 and 2014,
respectively, 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 as the carrying
value approximates fair value because of the short maturity of those instruments. Other than the pre-
tax gain of $10.3 billion from the sale of 140 million American Depositary Shares (“ADSs”) of Alibaba
Group in Alibaba Group’s initial public offering (“IPO”) on September 24, 2014, realized gains and
losses from sales of available-for-sale marketable securities were not material for the years ended
December 31, 2012, 2013 and 2014.
The remaining contractual maturities of available-for-sale marketable debt securities were as follows
(in thousands):
December 31,
2013 2014
Due within one year
$1,330,304 $5,327,412
Due after one year through three years
1,589,500 2,230,892
Total available-for-sale marketable securities
$2,919,804 $7,558,304
The following tables show all available-for-sale marketable securities (excluding Alibaba Group and
Hortonworks equity securities) 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, 2013
Less than 12 Months 12 Months or Longer Total
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Government and agency
securities
$263,514 $ (101) $ — $— $263,514 $ (101)
Corporate debt securities,
commercial paper, and
bank certificates of deposit
696,950 (1,214) 3,833 (2) 700,783 (1,216)
Total available-for-sale
marketable securities
$960,464 $(1,315) $3,833 $ (2) $964,297 $(1,317)
102