v2.4.0.8

Cash and Cash Equivalents and Short-term Investments (Tables)

12 Months Ended

Dec. 31, 2013

Cash and Cash Equivalents and Short-term Investments

Cash and cash equivalents and short-term investments

		December 31,
		2013			2012
		(In thousands)
Cash and cash equivalents		$	389,915		$	524,922
Short-term investments:
Trading equity securities			—			52,705
Available-for-sale equity securities			96,942			174,610
Available-for-sale debt securities			20,276			25,967
​	​	​	​	​	​	​	​
Total short-term investments		$	117,218		$	253,282
​	​	​	​	​	​	​	​

Certain information related to our cash and cash equivalents and short term investments

		December 31,
		Fair Value			2013 Gross Unrealized Holding Gains			Gross Unrealized Holding Losses			Fair Value			2012 Gross Unrealized Holding Gains			Gross Unrealized Holding Losses
		(In thousands)
Cash and cash equivalents		$	389,915		$	—		$	—		$	524,922		$	—		$	—
Short-term investments:
Trading equity securities			—			—			—			52,705			46,981			—
Available-for-sale equity securities			96,942			68,395			—			174,610			137,282			(1,030	)
Available-for-sale debt securities:
Commercial paper and CDs			—			—			—			206			—			—
Corporate debt securities			19,388			4,122			—			23,399			1,870			—
Mortgage-backed debt securities			210			11			—			244			15			—
Mortgage-CMO debt securities			20			—			(2	)		523			10			(3	)
Asset-backed debt securities			658			2			(54	)		1,595			28			(192	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total available-for-sale debt securities			20,276			4,135			(56	)		25,967			1,923			(195	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total available-for-sale securities			117,218			72,530			(56	)		200,577			139,205			(1,225	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total short-term investments			117,218			72,530			(56	)		253,282			186,186			(1,225	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total cash, cash equivalents and short-term investments		$	507,133		$	72,530		$	(56	)	$	778,204		$	186,186		$	(1,225	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Gross unrealized losses of cash and cash equivalents and short-term investments

		As of December 31, 2013
		Less Than 12 Months						More Than 12 Months
		Fair Value			Gross Unrealized Losses			Fair Value			Gross Unrealized Losses
		(In thousands)
Available-for-sale equity securities		$	—		$	—		$	—		$	—
Available-for-sale debt securities:(1)
Mortgage-CMO debt securities			—			—			20			2
Asset-backed debt securities			395			54			—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total available-for-sale debt securities			395			54			20			2
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total		$	395		$	54		$	20		$	2

Estimated fair values of corporate, mortgage-backed, mortgage-CMO and asset-backed debt securities

		Estimated Fair Value December 31, 2013
		(In thousands)
Debt securities:
Due in one year or less		$	—
Due after one year through five years			15,600
Due in more than five years			4,676
​	​	​	​	​
Total debt securities		$	20,276
​	​	​	​	​

Debt and equity securities

		Year Ended December 31,
		2013			2012			2011
		(In thousands)
Available-for-sale
Proceeds from sales and maturities		$	107,586		$	24,010		$	12,672
Realized gains (losses), net		$	88,158		$	13,405		$	3,036

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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