eBay 2011 Annual Report Download - page 115

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Equity and cost method investments
We have made multiple equity and cost method investments which are reported in long-term investments on our consolidated balance sheet.
As of December 31, 2011 and 2010 , our equity and cost method investments totaled $189.9 million and $729.4 million , respectively.
Note 8 – Fair Value Measurement of Assets and Liabilities
The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2011 and
2010 :
F-23
Description
Balance as of
December 31, 2011
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
(In thousands)
Assets:
Cash and cash equivalents
$
4,691,101
$
4,691,101
$
—
Short-term investments:
Restricted cash
19,490
19,490
—
Corporate debt securities
448,495
—
448,495
Government and agency securities
42,086
—
42,086
Time deposits
81,883
—
81,883
Equity instruments
646,347
646,347
—
Total short-term investments
1,238,301
665,837
572,464
Derivatives
111,628
—
111,628
Long-term investments:
Restricted cash
1,342
1,342
—
Corporate debt securities
2,185,704
—
2,185,704
Government and agency securities
71,145
—
71,145
Total long-term investments
2,258,191
1,342
2,256,849
Total financial assets
$
8,299,221
$
5,358,280
$
2,940,941
Liabilities:
Derivatives
$
60,227
$
—
$
60,227