Pandora 2016 Annual Report Download - page 91

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Our short-term investments have maturities of twelve months or less and are classified as available-for-sale. Our long-
term investments have maturities of greater than twelve months and are classified as available-for-sale.
€
The following tables summarizes our available-for-sale securities’ adjusted cost, gross unrealized gains, gross unrealized
losses and fair value by significant investment category as of December€31, 2014 and 2015.
€
As of December 31, 2014
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
(in€thousands)
Cash equivalents and marketable securities
Money market funds $89,113 $—$—$89,113
Commercial paper 54,792 — — 54,792
Corporate debt securities 235,135 6 (444)234,697
U.S. government and government agency debt securities 7,751 — (9)7,742
Total cash equivalents and marketable securities $386,791 $6$(453) $ 386,344
As of December 31, 2015
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
(in€thousands)
Cash equivalents and marketable securities
Money market funds $180,021 $—$—$180,021
Commercial paper 35,881 — — 35,881
Corporate debt securities 79,760 8 (347)79,421
U.S. government and government agency debt securities 17,198 — (2)17,196
Total cash equivalents and marketable securities $312,860 $8$(349) $ 312,519
€
The following tables present available-for-sale investments by contractual maturity date as of€December€31, 2014 and
2015:
€
As of December 31, 2014
Adjusted
Cost Fair€Value
(in€thousands)
Due in one year or less $282,206 $282,101
Due after one year through three years 104,585 104,243
Total $386,791 $386,344
As of December 31, 2015
Adjusted
Cost Fair€Value
(in€thousands)
Due in one year or less $266,205 $266,150
Due after one year through three years 46,655 46,369
Total $312,860 $312,519
€
The following tables summarize our available-for-sale securities’ fair value and gross unrealized losses aggregated by
investment category and length of time that the individual securities have been in a continuous unrealized loss position as of
December€31, 2014 and 2015:
Table of Contents
Pandora Media,€Inc.
Notes to Consolidated Financial Statements - Continued
80