Google 2009 Annual Report Download - page 92

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Google Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The net income per share amounts are the same for Class A and Class B common stock because the holders
of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
Note 3. Cash and Investments
Cash, cash equivalents, and marketable securities consist of the following (in thousands):
As of December 31,
2008 2009
Cash and cash equivalents:
Cash ................................................................. $3,330,658 $ 4,302,578
Cash equivalents:
Municipal securities ............................................... 14,250 —
Time deposits ..................................................... 3,015,557 3,739,875
Money market mutual funds ........................................ 2,296,207 2,153,175
U.S. government agencies .......................................... — 1,960
Total cash and cash equivalents ................................ 8,656,672 10,197,588
Marketable securities:
Time deposits ......................................................... — 1,250,000
U.S. government agencies .............................................. 3,342,406 3,703,868
U.S. government notes ................................................. — 2,491,709
Foreign government bonds ............................................. — 36,643
Municipal securities .................................................... 2,721,603 2,129,774
Money market mutual funds ............................................ 73,034 27,899
Corporate debt securities ............................................... 907,056 2,822,111
Agency residential mortgage-backed securities ........................... — 1,578,644
Commercial mortgage-backed securities ................................. — 47,716
Marketable equity security .............................................. 145,000 198,823
Total marketable securities .................................... 7,189,099 14,287,187
Total cash, cash equivalents and marketable securities ............ $15,845,771 $24,484,775
The following table summarizes unrealized gains and losses related to our investments in marketable
securities designated as available-for-sale (in thousands):
As of December 31, 2008
Adjusted
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses Fair
Value
U.S. government agencies .............................. $3,324,750 $ 17,747 $ (91) $3,342,406
Municipal securities ................................... 2,690,270 34,685 (3,352) 2,721,603
Money market mutual funds ............................ 73,034 — — 73,034
Corporate debt securities ............................... 903,963 3,265 (172) 907,056
Marketable equity security ............................. 145,000 — — 145,000
Total ............................................ $ 7,137,017 $55,697 $ (3,615) $ 7,189,099
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