| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
|
Assets
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
U.S. Government agency securities
|
$
|
19,997
|
|
|
$
|
5,000
|
|
|
$
|
14,997
|
|
|
Corporate debt securities
|
61,797
|
|
|
—
|
|
|
61,797
|
|
|
Money market and other
|
574,904
|
|
|
574,904
|
|
|
—
|
|
|
Marketable securities:
|
|
|
|
|
|
|
U.S. Treasury securities
|
168,313
|
|
|
168,313
|
|
|
—
|
|
|
U.S. Government agency securities
|
731,636
|
|
|
709,647
|
|
|
21,989
|
|
|
Municipal securities
|
107,587
|
|
|
—
|
|
|
107,587
|
|
|
Corporate debt securities
|
1,107,255
|
|
|
—
|
|
|
1,107,255
|
|
|
Sovereign securities
|
36,439
|
|
|
8,498
|
|
|
27,941
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,807,928
|
|
|
1,466,362
|
|
|
1,341,566
|
|
|
Other current assets:
|
|
|
|
|
|
|
Derivative assets
|
5,584
|
|
|
—
|
|
|
5,584
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
155,277
|
|
|
103,374
|
|
|
51,903
|
|
|
Total financial assets
(1)
|
$
|
2,968,789
|
|
|
$
|
1,569,736
|
|
|
$
|
1,399,053
|
|
|
Liabilities
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(708
|
)
|
|
$
|
—
|
|
|
$
|
(708
|
)
|
|
Executive Deferred Savings Plan
|
(155,433
|
)
|
|
(102,554
|
)
|
|
(52,879
|
)
|
|
Total financial liabilities
|
$
|
(156,141
|
)
|
|
$
|
(102,554
|
)
|
|
$
|
(53,587
|
)
|
________________
(1) Excludes cash of
$122.8 million
held in operating accounts and time deposits of
$19.9 million
as of
December 31, 2013
.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2013 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
|
Assets
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
Corporate debt securities
|
$
|
3,800
|
|
|
$
|
—
|
|
|
$
|
3,800
|
|
|
Money market and other
|
817,608
|
|
|
817,608
|
|
|
—
|
|
|
Marketable securities:
|
|
|
|
|
|
|
U.S. Treasury securities
|
93,787
|
|
|
93,787
|
|
|
—
|
|
|
U.S. Government agency securities
|
598,031
|
|
|
598,031
|
|
|
—
|
|
|
Municipal securities
|
103,455
|
|
|
—
|
|
|
103,455
|
|
|
Corporate debt securities
|
1,099,525
|
|
|
—
|
|
|
1,099,525
|
|
|
Sovereign securities
|
33,805
|
|
|
13,559
|
|
|
20,246
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,750,011
|
|
|
1,522,985
|
|
|
1,227,026
|
|
|
Other current assets:
|
|
|
|
|
|
|
Derivative assets
|
4,016
|
|
|
—
|
|
|
4,016
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
136,461
|
|
|
96,180
|
|
|
40281年
|
|
|
Total financial assets
(1)
|
$
|
2,890,488
|
|
|
$
|
1,619,165
|
|
|
$
|
1,271,323
|
|
|
Liabilities
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(2,173
|
)
|
|
$
|
—
|
|
|
$
|
(2,173
|
)
|
|
Executive Deferred Savings Plan
|
(137,849
|
)
|
|
(97,570
|
)
|
|
(40,279
|
)
|
|
Total financial liabilities
|
$
|
(140,022
|
)
|
|
$
|
(97,570
|
)
|
|
$
|
(42,452
|
)
|
________________
(1) Excludes cash of
$125.5 million
held in operating accounts and time deposits of
$43.4 million
as of
June 30, 2013
|