Priceline 2014 Annual Report Download - page 99

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The following table summarizes, by major security type, the Company's short-term investments as of December 31, 2013 (in
thousands):
The Company has classified its investments as available-for-sale securities. These securities are carried at estimated fair value with the
aggregate unrealized gains and losses related to these investments, net of taxes, reflected as a part of "Accumulated other comprehensive income
(loss)" on the Consolidated Balance Sheets. Classification as short-term or long-term is based upon the maturity of the debt securities.
There were no significant realized gains or losses related to investments for the years ended December 31, 2014 , 2013 and 2012 .
Financial assets and liabilities are carried at fair value as of December 31, 2014 and are classified in the categories described in the
tables below (in thousands):
94
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Available for sale securities:
Short-term investments:
Foreign government securities
$
4,019,530
$
233
$
(356
)
$
4,019,407
U.S. government securities
1,443,083
250
(20
)
1,443,313
Total
$
5,462,613
$
483
$
(376
)
$
5,462,720
5.
FAIR VALUE MEASUREMENTS
Level 1
Level 2
Total
ASSETS:
Cash equivalents:
Money market funds
$
155,608
$
—
$
155,608
Foreign government securities
—
974,855
974,855
U.S. government securities
—
676,503
676,503
U.S. commercial paper
—
427,884
427,884
U.S. government agency securities
—
10,000
10,000
Short-term investments:
Foreign government securities
—
52,490
52,490
U.S. government securities
—
364,266
364,266
U.S. commercial paper
—
620,615
620,615
U.S. government agency securities
—
104,811
104,811
Foreign exchange derivatives
—
336
336
Long-term investments:
Foreign government securities
—
12,671
12,671
U.S. government securities
—
556,448
556,448
U.S. corporate debt securities
—
2,329,033
2,329,033
U.S. government agency securities
—
95,094
95,094
U.S. municipal securities
—
1,102
1,102
Ctrip corporate debt securities
—
425,961
425,961
Ctrip equity securities
335,344
—
335,344
Total assets at fair value
$
490,952
$
6,652,069
$
7,143,021