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Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities (Tables)

9 Months Ended

Sep. 30, 2017

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities

Schedule of marketable investment securities, restricted cash and other investment securities


	As of
	September 30,		December 31,
	2017		2016
	(In thousands)
Marketable investment securities:
Current marketable investment securities:
Strategic - available-for-sale	$	13,189	$	6,721
Strategic - trading		47,856		—
Other		206,754		28,895
Total current marketable investment securities		267,799		35,616
Restricted marketable investment securities (1)		71,919		81,679
Total marketable investment securities		339,718		117,295

Restricted cash and cash equivalents (1)		403		681

Other investment securities:
Other investment securities - equity method		112,381		25,098
Other investment securities - cost method		—		8,150
Total other investment securities		112,381		33,248

Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	452,502	$	151,224

(1)

Restricted marketable investment securities and restricted cash and cash equivalents are included in “Restricted cash, cash equivalents and marketable investment securities” on our Condensed Consolidated Balance Sheets.

Schedule of components of available-for-sale investments


	As of September 30, 2017								As of December 31, 2016
	Marketable								Marketable
	Investment		Unrealized						Investment		Unrealized
	Securities		Gains		Losses		Net		Securities		Gains		Losses		Net
	(In thousands)
Debt securities (including restricted):
U.S. Treasury and agency securities	$	86,029	$	1	$	(133)	$	(132)	$	81,982	$	13	$	(132)	$	(119)
Commercial paper		27,843		—		(1)		(1)		—		—		—		—
Corporate securities		175,393		8,207		(37)		8,170		33,555		1,327		—		1,327
Other		2,597		59		(11)		48		1,758		64		(11)		53
Total	$	291,862	$	8,267	$	(182)	$	8,085	$	117,295	$	1,404	$	(143)	$	1,261

Schedule of available-for-sale securities in continuous unrealized loss position by length of time and their fair value


	As of
	September 30, 2017				December 31, 2016
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	160,361	$	(103)	$	52,011	$	(132)
12 months or more		40,341		(79)		1,537		(11)
Total	$	200,702	$	(182)	$	53,548	$	(143)

Schedule of fair value measurements


	As of
	September 30, 2017								December 31, 2016
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	1,482,786	$	105,818	$	1,376,968	$	—	$	5,187,900	$	147,494	$	5,040,406	$	—

Debt securities (including restricted):
U.S. Treasury and agency securities	$	86,029	$	86,029	$	—	$	—	$	81,982	$	81,982	$	—	$	—
Commercial Paper		27,843		—		27,843		—		—		—		—		—
Corporate securities		175,393		—		162,390		13,003		33,555		—		27,025		6,530
Other		2,597		—		2,411		186		1,758		—		1,567		191

Equity securities		47,856		47,856		—		—		—		—		—		—
Total	$	339,718	$	133,885	$	192,644	$	13,189	$	117,295	$	81,982	$	28,592	$	6,721

Schedule of changes in Level 3 instruments


	Level 3
	Investment
	Securities
	(In thousands)
Balance as of December 31, 2016	$	6,721
Net realized and unrealized gains (losses) included in earnings		—
Net realized and unrealized gains (losses) included in other comprehensive income (loss)		6,891
Purchases		—
Sales		(290)
Settlements		(133)
Issuances		—
Transfers into or out of Level 3		—
Balance as of September 30, 2017	$	13,189

Schedule of gains and losses on sales and changes in carrying values of investments


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
Other, net:	2017		2016		2017		2016
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	2	$	5,007	$	4,761	$	113,528
Marketable investment securities - unrealized gains (losses) on trading securities		39,706		—		39,706		—
Derivative financial instruments - net realized and/or unrealized gains (losses)		—		—		—		5,405
Marketable investment securities - other-than-temporary impairments		—		(1,949)		—		(2,863)
Other		553		1,329		3,706		610
Total	$	40,261	$	4,387	$	48,173	$	116,680

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details