Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Marketable Investment Securities, Restricted Cash and Cash Equivalents, and Other Investment Securities |
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| 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. |
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| 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| 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. |
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