LinkedIn 2015 Annual Report Download - page 108

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The Company has determined it is the primary beneficiary of the JV due to the percentage
ownership as well as the power to direct the activities that most significantly impact the JV’s economic
performance. Furthermore, the Company has the right to receive benefits and obligation to absorb
losses from the entity. The liabilities of the JV are recourse solely to the JV’s assets.
The noncontrolling interest in the JV is classified outside of permanent equity in the Company’s
consolidated balance sheet as of December 31, 2015, as the preferred shares include a put right
against the Company available to the noncontrolling interest holders in the future. Net income
attributable to common stockholders on the Company’s consolidated statements of operations includes
the accretion of the RNCI to its redemption value.
4. Cash and Investments
The following table presents cash, cash equivalents, and available-for-sale investments for the
periods presented (in thousands):
Gross Gross Estimated
Amortized Unrealized Unrealized Fair Market
Cost Gains Losses Value
December 31, 2015:
Cash ................................. $ 180,790 $ — $ — $ 180,790
Cash equivalents:
Money market funds .................... 276,898 — — 276,898
Commercial paper ...................... 12,048 1 — 12,049
US treasury securities ................... 24,999 1 — 25,000
US agency securities ................... 51,500 — — 51,500
Marketable securities:
Commercial paper ...................... 55,350 47 (23) 55,374
US treasury securities ................... 874,968 20 (959) 874,029
US agency securities ................... 606,924 17 (739) 606,202
Corporate debt securities ................. 1,029,463 96 (2,661) 1,026,898
Municipal securities ..................... 10,636 6 — 10,642
Total cash, cash equivalents, and marketable
securities ......................... $3,123,576 $188 $(4,382) $3,119,382
December 31, 2014:
Cash ................................. $ 213,724 $ — $ — $ 213,724
Cash equivalents:
Money market funds .................... 95,470 — — 95,470
Commercial paper ...................... 54,340 4 — 54,344
US treasury securities ................... 54,349 — — 54,349
US agency securities ................... 42,999 1 — 43,000
Marketable securities:
Commercial paper ...................... 122,345 33 (7) 122,371
Certificates of deposit ................... 5,925 2 — 5,927
US treasury securities ................... 1,234,870 64 (366) 1,234,568
US agency securities ................... 881,843 393 (274) 881,962
Corporate debt securities ................. 723,412 225 (932) 722,705
Municipal securities ..................... 14,893 4 (8) 14,889
Total cash, cash equivalents, and marketable
securities ......................... $3,444,170 $726 $(1,587) $3,443,309
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