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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS [Abstract]  
Financial instruments, measured at fair value
 
 
 
 
 
 
Fair value measurements at reporting date using
 
Items
 
As of

December 31,

2020
 
 
Quoted Prices

in Active
Markets

for Identical
Assets

(Level 1)
 
 
Significant

Other

Observable
Inputs

(Level 2)
 
 
Significant

Unobservable

Inputs

(Level 3)
 
Cash equivalents
  $ 173,655
 

  $ 0     $ 173,655     $ 0  
Restricted cash
    330,791       0       330,791       0  
Restricted time deposits
    101,519       0       101,519       0  
Short-term investments
    100,745       0       100,745       0  
Equity investments with readily determinable fair values
    9,457       9,457       0       0  
The
 
following table sets forth the financial instruments, measured at fair value by level within the fair value hierarchy, as of December 31, 2021
(in thousands):
 
 
 
 
 
 
Fair value measurements at reporting date using
 
Items
 
As of

December 31,

2021
 
 
Quoted Prices

in Active
Markets

for Identical
Assets

(Level 1)
 
 
Significant

Other

Observable
Inputs

(Level 2)
 
 
Significant

Unobservable

Inputs

(Level 3)
 
Cash equivalents
  $ 949,884     $ 0     $ 949,884     $ 0  
Restricted cash
    1,969       0       1,969       0  
Short-term investments
    399,345       0       399,345       0  
Equity investments with readily determinable fair values
    14,642       14,642       0       0  
Long-term time deposits
    189,007       0       189,007       0  
Assets measured at fair value on nonrecurring basis
 
 
  
 
 
  
Fair value measurements at reporting date using
 
Items
  
As of
December 31,
2020
 
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
  
Significant Other
Observable Inputs
(Level 2)
 
  
Significant
Unobservable
Inputs
(Level 3)
 
Purchased video content recorded in prepaid and other assets
  
$
2,585
 
  
$
0
 
  
$
0
 
  
$
2,585
 
Intangible assets, net
  
 
4,842
 
  
 
0
 
  
 
0
 
  
 
4,842
 
Goodwill
  
 
48,434
 
  
 
0
 
  
 
0
 
  
 
48,434
 
 
 
  
 
 
  
Fair value measurements at reporting date using
 
Items
  
As of
December 31,
2021
 
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
  
Significant Other
Observable Inputs
(Level 2)
 
  
Significant
Unobservable
Inputs
(Level 3)
 
Purchased video content recorded in prepaid and other assets
  
$
2,555
 
  
$
0
 
  
$
0
 
  
$
2,555
 
Intangible assets, net
  
 
9,136
 
  
 
0
 
  
 
0
 
  
 
9,136
 
Goodwill
  
 
48,811
 
  
 
0
 
  
 
0
 
  
 
48,811