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

6 Months Ended

Jun. 30, 2023

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

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

	As of
	June 30,		December 31,
	2023		2022
	(In thousands)
Marketable investment securities:
Current marketable investment securities:
Strategic - available-for-sale	$	144	$	144
Strategic - trading/equity		83		655
Other		747,522		835,184
Total current marketable investment securities		747,749		835,983
Restricted marketable investment securities (1)		41,098		41,689
Total marketable investment securities		788,847		877,672
Restricted cash and cash equivalents (1)		65,982		62,925
Other investment securities:
Other investment securities		177,506		168,200
Total other investment securities		177,506		168,200
Total marketable investment securities, restricted cash and cash equivalents, and other investment securities	$	1,032,335	$	1,108,797

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

Schedule of fair value measurements

	As of
	June 30, 2023								December 31, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
	(In thousands)
Cash equivalents (including restricted)	$	815,719	$	191,145	$	624,574	$	—	$	1,620,458	$	174,050	$	1,446,408	$	—
Debt securities (including restricted):
U.S. Treasury and agency securities	$	2,621	$	2,621	$	—	$	—	$	22,824	$	22,824	$	—	$	—
Commercial paper		756,225		—		756,225		—		696,324		—		696,324		—
Corporate securities		27,428		—		27,428		—		156,380		—		156,380		—
Other		2,490		—		2,346		144		1,489		—		1,345		144
Equity securities		83		83		—		—		655		655		—		—
Total	$	788,847	$	2,704	$	785,999	$	144	$	877,672	$	23,479	$	854,049	$	144

Schedule of gains and losses on sales and changes in carrying amounts of investments and other

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
Other, net:	2023		2022		2023		2022
	(In thousands)
Marketable and non-marketable investment securities - realized and unrealized gains (losses)	$	1,720	$	37	$	1,412	$	(411)
Derivative instruments - net realized and/or unrealized gains (losses)		(8,013)		15,000		(36,974)		58,000
Gains (losses) related to early redemption of debt (1)		68,037		(1,143)		68,086		(1,149)
Equity in earnings (losses) of affiliates		(929)		857		(2,380)		1,257
Other		477		(976)		627		(1,374)
Total	$	61,292	$	13,775	$	30,771	$	56,323

(1) This change primarily resulted from repurchases of our Convertible Notes during the three months ended June 30, 2023.