Priceline 2015 Annual Report Download - page 100

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The following table summarizes, by major security type, the Company's investments as of December 31, 2014 (in thousands):
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Short-term investments:
Foreign government securities $ 52,524
$ —
$ (34)
$ 52,490
U.S. government securities 364,276
24
(34)
364,266
Corporate debt securities 582,160
15
(652)
581,523
Commercial paper 39,092
—
—
39,092
U.S. government agency securities 104,829
—
(18)
104,811
Total short-term investments $ 1,142,881
$ 39
$ (738)
$ 1,142,182
Long-term investments:
Foreign government securities $ 12,707
$ —
$ (36)
$ 12,671
U.S. government securities 557,130
80
(762)
556,448
U.S. corporate debt securities 2,332,030
2,299
(5,296)
2,329,033
U.S. government agency securities 95,108
97
(111)
95,094
U.S. municipal securities 1,114
—
(12)
1,102
Ctrip corporate debt securities 500,000
—
(74,039)
425,961
Ctrip equity securities 421,930
—
(86,586)
335,344
Total long-term investments $ 3,920,019
$ 2,476
$ (166,842)
$ 3,755,653
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) " in the Consolidated
Balance Sheets. Classification as short-term or long-term is based upon the maturity of the debt securities.
The Company recognized $2.2 million of net realized gains related to investments for the year ended December 31, 2015 . There were no significant
realized gains or losses related to investments for the year ended December 31, 2014 .
Cost Method Investments
The Company held investments in equity securities of private companies of approximately $62.3 million and $0.6 million as of December 31, 2015 and
December 31, 2014 , respectively. These investments are accounted for under the cost method and included in "Other assets" in the Company's Consolidated
Balance Sheets. As of December 31, 2015 , the Company did not estimate the fair value of these cost-method investments because there were no identified events
or changes in circumstances that may have a significant adverse impact on the carrying values of these investments.
96