eBay 2009 Annual Report Download - page 111

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 7 — Investments:
At December 31, 2008 and 2009, the fair value of short and long-term investments classified as available for
sale are as follows (in thousands):
December 31, 2008
Gross
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Short-term investments:
Restricted cash ..................................... $21,258 $ — $— $ 21,258
Corporate debt securities ............................. 5,000 — (2) 4,998
Time deposits and other .............................. 4,129 — — 4,129
Equity instruments .................................. 8,507 124,842 — 133,349
$38,894 $124,842 $ (2) $163,734
Long-term investments:
Restricted cash ..................................... $ 5,461 $ — $— $ 5,461
Time deposits and other .............................. 52 — — 52
$ 5,513 $ — $— $ 5,513
December 31, 2009
Gross
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Short-term investments:
Restricted cash ..................................... $ 29,123 $ — $ — $ 29,123
Corporate debt securities ............................. 73,256 10 (126) 73,140
Government and agency securities ..................... 109,808 18 (19) 109,807
Time deposits and other ............................. 310,418 — — 310,418
Equity instruments .................................. 8,507 412,991 — 421,498
$531,112 $413,019 $ (145) $943,986
Long-term investments:
Restricted cash ..................................... $ 985 $ — $ — $ 985
Corporate debt securities ............................. 455,638 1,982 (437) 457,183
Government and agency securities ..................... 250,025 108 (773) 249,360
Time deposits and other ............................. 1,583 — — 1,583
$708,231 $ 2,090 $(1,210) $709,111
The following table summarizes the fair value and gross unrealized losses of our short-term and long-term
investments, aggregated by type of investment instrument and length of time that individual securities have been
in a continuous unrealized loss position, at December 31, 2009 (in thousands):
Less than 12 Months 12 Months or Greater Total
Fair Value
Gross
Unrealized
Losses Fair Value
Gross
Unrealized
Losses Fair Value
Gross
Unrealized
Losses
Corporate debt securities .............. $530,323 $ (563) $— $— $530,323 $ (563)
Government and agency securities ...... 359,167 (792) — — 359,167 (792)
$889,490 $(1,355) $— $— $889,490 $(1,355)
103