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Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities (Tables)

12 Months Ended

Dec. 31, 2017

Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities

Schedule of marketable investment securities, restricted cash and other investment securities


	As of December 31,
	2017		2016
	(In thousands)
Marketable investment securities:
Current marketable investment securities:
Strategic - available-for-sale	$	195	$	6,721
Strategic - trading		93,367		—
Other		407,603		28,895
Total current marketable investment securities		501,165		35,616
Restricted marketable investment securities (1)		72,014		81,679
Total marketable investment securities		573,179		117,295

Restricted cash and cash equivalents (1)		393		681

Other investment securities:
Other investment securities - equity method		113,460		25,098
Other investment securities - cost method		—		8,150
Total other investment securities		113,460		33,248

Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	687,032	$	151,224

(1)

Restricted marketable investment securities and restricted cash and cash equivalents are included in “Restricted cash, cash equivalents and marketable investment securities” on our Consolidated Balance Sheets.

Schedule of components of available-for-sale investments


	As of December 31,
	2017								2016
	Marketable								Marketable
	Investment		Unrealized						Investment		Unrealized
	Securities		Gains		Losses		Net		Securities		Gains		Losses		Net
	(In thousands)
Debt securities (including restricted):
U.S. Treasury and agency securities	$	84,286	$	22	$	(141)	$	(119)	$	81,982	$	13	$	(132)	$	(119)
Commercial paper		107,962		—		(10)		(10)		—		—		—		—
Corporate securities		282,256		—		(124)		(124)		33,555		1,327		—		1,327
Other		5,308		58		(1)		57		1,758		64		(11)		53
Total	$	479,812	$	80	$	(276)	$	(196)	$	117,295	$	1,404	$	(143)	$	1,261

Schedule of available-for-sale securities in continuous unrealized loss position by length of time and their fair value


	As of December 31,
	2017				2016
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
	(In thousands)
Debt Securities:
Less than 12 months	$	410,145	$	(156)	$	52,011	$	(132)
12 months or more		34,340		(120)		1,537		(11)
Total	$	444,485	$	(276)	$	53,548	$	(143)

Schedule of fair value measurements


	As of December 31,
	2017								2016
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	1,425,798	$	655	$	1,425,143	$	—	$	5,187,900	$	147,494	$	5,040,406	$	—

Debt securities (including restricted):
U.S. Treasury and agency securities	$	84,286	$	84,286	$	—	$	—	$	81,982	$	81,982	$	—	$	—
Commercial Paper		107,962		—		107,962		—		—		—		—		—
Corporate securities		282,256		—		282,256		—		33,555		—		27,025		6,530
Other		5,308		—		5,113		195		1,758		—		1,567		191

Equity securities		93,367		93,367		—		—		—		—		—		—
Total	$	573,179	$	177,653	$	395,331	$	195	$	117,295	$	81,982	$	28,592	$	6,721

Schedule of changes in Level 3 instruments


	Level 3
	Investment
	Securities
	(In thousands)
Balance as of December 31, 2015	$	6,363
Net realized and unrealized gains (losses) included in earnings		—
Net realized and unrealized gains (losses) included in other comprehensive income (loss)		547
Purchases		—
Settlements		(189)
Issuances		—
Transfers into or out of Level 3		—
Balance as of December 31, 2016	$	6,721
Net realized and unrealized gains (losses) included in earnings		(10,488)
Net realized and unrealized gains (losses) included in other comprehensive income (loss)		9,199
Purchases		—
Sales		(5,099)
Settlements		(138)
Issuances		—
Transfers into or out of Level 3		—
Balance as of December 31, 2017	$	195

Schedule of gains and losses on sales and changes in carrying values of investments



	For the Years Ended December 31,
Other, net:	2017		2016		2015
	(In thousands)
Marketable investment securities - gains (losses) on sales/exchanges	$	5,762	$	116,550	$	119,448
Marketable investment securities - unrealized gains (losses) on trading securities		85,217		—		—
Derivative financial instruments - net realized and/or unrealized gains (losses)		—		5,405		173,369
Marketable investment securities - other-than-temporary impairments		—		(2,863)		(5,567)
Non-marketable investment securities - gains (losses) on sales/exchanges		10,488		—		—
Costs related to early redemption of debt		(1,470)		—		—
Equity in earnings		2,163		2,508		4,372
Other		2,328		(2,285)		(10,243)
Total	$	104,488	$	119,315	$	281,379

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details