Amazon.com 2015 Annual Report Download - page 61

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51
Note 2—CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES
As of December 31, 2015 and 2014, our cash, cash equivalents, and marketable securities primarily consisted of cash,
U.S. and foreign government and agency securities, AAA-rated money market funds, and other investment grade securities.
Cash equivalents and marketable securities are recorded at fair value. The following table summarizes, by major security type,
our cash, cash equivalents, and marketable securities that are measured at fair value on a recurring basis and are categorized
using the fair value hierarchy (in millions):
December 31, 2015
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Cash $ 6,201 $
—
$
$6,201
Level 1 securities:
Money market funds 8,025
—
8,025
Equity securities 411
15
Level 2 securities:
Foreign government and agency securities 49
—
49
U.S. government and agency securities 5,171 1 (5) 5,167
Corporate debt securities 479
—
(2) 477
Asset-backed securities 118
—
(1) 117
Other fixed income securities 42
—
42
$ 20,089 $ 12 $ (8) $ 20,093
Less: Restricted cash, cash equivalents, and marketable
securities (1) (285)
Total cash, cash equivalents, and marketable securities $ 19,808
December 31, 2014
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Total
Estimated
Fair Value
Cash $ 4,155 $
—
$
$4,155
Level 1 securities:
Money market funds 10,718
—
10,718
Equity securities 22
4
Level 2 securities:
Foreign government and agency securities 80
—
80
U.S. government and agency securities 2,407 1 (2) 2,406
Corporate debt securities 401 1 (1) 401
Asset-backed securities 69
—
69
Other fixed income securities 33
—
33
$ 17,865 $ 4 $ (3) $ 17,866
Less: Restricted cash, cash equivalents, and marketable
securities (1) (450)
Total cash, cash equivalents, and marketable securities $ 17,416
___________________
(1) We are required to pledge or otherwise restrict a portion of our cash, cash equivalents, and marketable securities as
collateral for standby and trade letters of credit, guarantees, debt, real estate leases, and amounts due to third-party sellers
in certain jurisdictions. We classify cash, cash equivalents, and marketable securities with use restrictions of less than
twelve months as “Accounts receivable, net and other” and of twelve months or longer as non-current “Other assets” on
our consolidated balance sheets. See “Note 7—Commitments and Contingencies.”