Google 2013 Annual Report Download - page 63

57
PART II
ITEM8.NotestoConsolidatedFinancialStatements
As of December 31, 2013
Adjusted
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Cash and
Cash
Equivalents
Marketable
Securities
Cash $9,909 $0$0$9,909 $9,909 $0
Level1:
Moneymarketandotherfunds 4,428 0 0 4,428 4,428 0
U.S.governmentnotes 18,276 23 (37) 18,262 2,501 15,761
Marketableequitysecurities 197 167 0 364 0 364
22,901 190 (37) 23,054 6,929 16,125
Level2:
Timedeposits(1) 1,207 0 0 1,207 790 417
Moneymarketandotherfunds(2) 1,270 0 0 1,270 1,270 0
U.S.governmentagencies 4,575 3 (3) 4,575 0 4,575
Foreigngovernmentbonds 1,502 5 (26) 1,481 0 1,481
Municipal securities 2,904 9 (36) 2,877 0 2,877
Corporatedebtsecurities 7,300 162 (67) 7,395 0 7,395
Agencyresidentialmortgage-backedsecurities 5,969 27 (187) 5,809 0 5,809
Asset-backedsecurities 1,142 0 (2) 1,140 0 1,140
25,869 206 (321) 25,754 2,060 23,694
Total $58,679 $396 $(358) $58,717 $18,898 $39,819
(1) Majorityofourtimedepositsareforeigndeposits.
(2) ThebalancesatDecember31,2012andDecember31,2013wererelatedtocashcollateralreceivedinconnectionwithoursecurities
lendingprogram,whichwasinvestedinreverserepurchaseagreementsmaturingwithinthreemonths.Seebelowforfurtherdiscussionof
thisprogram.
Duringthesecondquarterof2013,wereceivedapproximately$175millioninArris’commonstock(10.6millionshares)in
connectionwiththedispositionoftheMotorolaHomesegment(seedetailsinNote8).Thesesharesareaccountedforas
available-for-salemarketableequitysecurities.
Wedeterminerealizedgainsorlossesonthesaleofmarketablesecuritiesonaspecicidenticationmethod.Werecognizedgross
realizedgainsof$383millionand$460millionfortheyearsendedDecember31,2012andDecember31,2013.Werecognized
grossrealizedlossesof$101millionand$259millionfortheyearsendedDecember31,2012andDecember31,2013.Wereect
thesegainsandlossesasacomponentofinterestandotherincome,net,intheaccompanyingConsolidatedStatementsofIncome.
Thefollowingtablesummarizestheestimatedfairvalueofourinvestmentsinmarketabledebtsecurities,accountedforas
available-for-salesecuritiesandclassiedbythecontractualmaturitydateofthesecurities(inmillions):
As of
December31,2013
Duein1year $11,583
Duein1yearthrough5years 15,601
Duein5yearsthrough10years 6,405
Dueafter10years 5,866
Total $39,455
Thefollowingtablespresentgrossunrealizedlossesandfairvaluesforthoseinvestmentsthatwereinanunrealizedlossposition
asofDecember31,2012andDecember31,2013,aggregatedbyinvestmentcategoryandthelengthoftimethatindividual
securitieshavebeeninacontinuouslossposition(inmillions):
As of December31, 2012
Less than 12 Months 12 Months or Greater Total
Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss
U.S.governmentnotes $842 $(1) $0$0$842 $(1)
Foreigngovernmentbonds 509 (2) 12 (1) 521 (3)
Municipal securities 686 (6) 9 0 695 (6)
Corporatedebtsecurities 820 (10) 81 (4) 901 (14)
Agencyresidential
mortgage-backedsecurities 1,300 (6) 0 0 1,300 (6)
Total $4,157 $(25) $102 $(5) $4,259 $(30)
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