MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2024

MARKETABLE INVESTMENT SECURITIES, RESTRICTED CASH AND CASH EQUIVALENTS, AND OTHER INVESTMENTS

Schedule of marketable investment securities

	As of December 31,
	2024		2023
	(In thousands)
Marketable investment securities:
Current marketable investment securities:
Corporate bonds	$	—	$	91,548
Commercial paper		—		282,898
Other debt securities		—		43,297
Total current marketable investment securities (1)		—		417,743
Restricted cash and cash equivalents (2)		1,615		1,118
Other investments
Equity method investments (3)		12,238		42,859
Cost method investments		11,278		11,278
Total other investments		23,516		54,137
Total marketable investment securities, restricted cash and cash equivalents, and other investments	$	25,131	$	472,998

(1) During the year ended December 31, 2024, we liquidated our marketable investment securities portfolio to make cash distributions to our parent.

(2) Restricted cash and cash equivalents are included in “Other current assets” on our Consolidated Balance Sheets.

(3) The decrease in equity method investments primarily results from distributions from our Broadband Connectivity Solutions (Restricted) Limited Investment, discussed below.

Schedule of fair value on a recurring basis

	As of December 31,
	2024						00	2023
	Total		Level 1		Level 2			Total		Level 1		Level 2
	(In thousands)
Cash equivalents (including restricted)	$	88,789	$	204	$	88,585		$	1,176,356	$	177,009	$	999,347
Available-for-sale debt securities:
Corporate bonds	$	—	$	—	$	—		$	91,548	$	—	$	91,548
Commercial paper		—		—		—			282,898		—		282,898
Other debt securities		—		—		—			43,297		38,799		4,498
Total	$	—	$	—	$	—		$	417,743	$	38,799	$	378,944

Schedule of gains and losses on sales and changes in carrying amounts of investments and other

	For the Years Ended December 31,
Other, net:	2024		2023		2022
	(In thousands)
Marketable and non-marketable investment securities - realized and unrealized gains (losses)	$	204	$	245	$	245
Equity in earnings (losses) of unconsolidated affiliates		(5,121)		(4,264)		(5,703)
Foreign currency transaction gains (losses)		(3,901)		5,711		6,016
Other-than temporary impairment losses on equity method investments		—		(33,400)		—
Other		(206)		(1,090)		(85)
Total	$	(9,024)	$	(32,798)	$	473