Priceline 2015 Annual Report Download - page 101

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5. FAIR VALUE MEASUREMENTS
Financial assets and liabilities are carried at fair value as of December 31, 2015 and are classified in the categories described in the tables below (in
thousands):
Level 1
Level 2
Total
ASSETS:
Cash equivalents:
U.S. Treasury money market funds
$ 99,117
$ —
$ 99,117
Foreign government securities
—
10,659
10,659
U.S. government securities
—
90,441
90,441
Corporate debt securities
—
1,855
1,855
Commercial paper
—
335,663
335,663
Short-term investments:
Foreign government securities
—
395,797
395,797
U.S. government securities
—
456,494
456,494
Corporate debt securities
—
305,260
305,260
Commercial paper
—
11,688
11,688
U.S. government agency securities
—
2,007
2,007
Foreign exchange derivatives
—
363
363
Long-term investments:
Foreign government securities
—
719,631
719,631
U.S. government securities
—
578,450
578,450
Corporate debt securities
—
4,276,614
4,276,614
U.S. municipal securities
—
1,083
1,083
Ctrip convertible debt securities
—
1,378,550
1,378,550
Ctrip equity securities
977,035
—
977,035
Total assets at fair value
$ 1,076,152
$ 8,564,555
$ 9,640,707
Level 1
Level 2
Total
LIABILITIES:
Foreign exchange derivatives
$ —
$ 644
$ 644
97