Alaska Airlines and Horizon Air 2014 Annual Report Download - page 159

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NOTE 2. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
Components for cash, cash equivalents and marketable securities (in millions):
December 31, 2014 Cost Basis
Unrealized
Gains
Unrealized
Losses Fair Value
Cash $ 4 $ – $ – $ 4
Cash equivalents 103 – – 103
Cash and cash equivalents 107 – – 107
U.S. government and agency securities 166 – – 166
Foreign government bonds 25 – – 25
Asset-backed securities 130 – – 130
Mortgage-backed securities 127 – (1) 126
Corporate notes and bonds 644 3 (2) 645
Municipal securities 18 – – 18
Marketable securities 1,110 3 (3) 1,110
Total $ 1,217 $ 3 $ (3) $ 1,217
December 31, 2013 Cost Basis
Unrealized
Gains
Unrealized
Losses Fair Value
Cash $ 9 $ – $ – $ 9
Cash equivalents 71 – – 71
Cash and cash equivalents 80––80
U.S. government and agency securities 295 1 (2) 294
Foreign government bonds 11 – – 11
Asset-backed securities 146 – – 146
Mortgage-backed securities 144 1 (2) 143
Corporate notes and bonds 628 4 (2) 630
Municipal securities 26 – – 26
Marketable securities 1,250 6 (6) 1,250
Total $ 1,330 $ 6 $ (6) $ 1,330
Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates.
Management does not believe any remaining unrealized losses represent other-than-temporary
impairments based on our evaluation of available evidence as of December 31, 2014.
Activity for marketable securities (in millions):
2014 2013 2012
Proceeds from sales and maturities $ 1,092 $ 1,089 $ 1,048
Gross realized gains 449
Gross realized losses (2) (2) (2)
75
ŠForm 10-K