Zynga 2012 Annual Report Download - page 92
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The composition of our financial instruments and our impaired intangible assets among the three Levels of
the fair value hierarchy are as follows (in thousands):
December 31, 2012
Level 1 Level 2 Level 3 Total
Assets:
Money market funds(1) ................. $226,993 $ — $— $ 226,993
U.S. government and government agency
debt securities ....................... — 464,815 — 464,815
Corporate debt securities(1) .............. — 818,167 — 818,167
Municipal securities .................... — 5,234 — 5,234
Total .................................... $226,993 $1,288,216 $— $1,515,209
Liabilities:
Interest rate swap agreements ................. $ — $ 2,423 $— $ 2,423
(1) Includes amounts classified as cash and cash equivalents.
December 31, 2011
Level 1 Level 2 Level 3 Total
Assets:
Money market funds .................... $1,375,918 $ — $— $1,375,918
U.S. government and government agency
debt securities ....................... — 267,635 — 267,635
Corporate debt securities ................ — 68,334 — 68,334
Total .................................... $1,375,918 $335,969 $— $1,711,887
4. Property and Equipment
Property and equipment consist of the following (in thousands):
December 31,
2012 2011
Computer equipment ............................ $294,208 $243,986
Software ...................................... 28,594 25,119
Land ......................................... 89,130 —
Building ...................................... 190,931 —
Furniture and fixtures ............................ 13,959 9,474
Leasehold improvements ......................... 20,383 67,456
637,205 346,035
Less accumulated depreciation .................... (171,131) (99,295)
Total property and equipment, net .................. $466,074 $246,740
Acquisition of Corporate Headquarters Building
In April, 2012, we purchased our corporate headquarters building located in San Francisco, California from
650 Townsend Associates, LLC to support the overall growth of our business. Pursuant to the agreement, we also
acquired existing third-party leases and other intangible property and terminated our existing office leases with
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