Amazon.com 2013 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2013 Amazon.com 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 86

  • 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

47
Note 2—CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES
As of December 31, 2013 and 2012, our cash, cash equivalents, and marketable securities primarily consisted of cash,
U.S. and foreign government and agency securities, AAA-rated money market funds, and other investment grade securities.
Cash equivalents and marketable securities are recorded at fair value. The following table summarizes, by major security type,
our cash, cash equivalents, and marketable securities that are measured at fair value on a recurring basis and are categorized
using the fair value hierarchy (in millions):
December 31, 2013
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Cash $ 3,008 $ — $ — $ 3,008
Level 1 securities:
Money market funds 5,914 — — 5,914
Equity securities 3 1 — 4
Level 2 securities:
Foreign government and agency securities 757 2 (1) 758
U.S. government and agency securities 2,224 1 (3) 2,222
Corporate debt securities 739 3 (1) 741
Asset-backed securities 65 — — 65
Other fixed income securities 36 — — 36
$ 12,746 $ 7 $ (5) $ 12,748
Less: Restricted cash, cash equivalents, and marketable
securities (1) (301)
Total cash, cash equivalents, and marketable securities $ 12,447
December 31, 2012
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Cash $ 2,595 $ — $ — $ 2,595
Level 1 securities:
Money market funds 5,561 — — 5,561
Equity securities 2 — — 2
Level 2 securities:
Foreign government and agency securities 763 9 — 772
U.S. government and agency securities 1,809 3 (2) 1,810
Corporate debt securities 719 6 — 725
Asset-backed securities 49 — — 49
Other fixed income securities 33 — — 33
$ 11,531 $ 18 $ (2) $ 11,547
Less: Restricted cash, cash equivalents, and marketable
securities (1) (99)
Total cash, cash equivalents, and marketable securities $ 11,448
___________________
(1) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable securities as
collateral for standby and trade letters of credit, guarantees, debt, and real estate lease agreements. We classify cash and
marketable securities with use restrictions of less than twelve months as “Accounts receivable, net and other” and of
twelve months or longer as non-current “Other assets” on our consolidated balance sheets. See “Note 8—Commitments
and Contingencies.”