Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 29

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 Corporate debt securitiesLevel 218,133 138 (131)18,140 0 18,140 Mortgage-backed and asset-backed securitiesLevel 214,072 103 (241)13,934 0 13,934 Total investments with fair value change reflected in other comprehensive income(1)63,282 570 (436)63,416 4,021 59,395 Fair value adjustments recorded in net incomeMoney market fundsLevel 18,662 8,662 0 Current marketable equity securities(2)Level 14,744 0 4,744 Mutual fundsLevel 2540 54Government bondsLevel 21,975576 1,399Corporate debt securitiesLevel 22,99360 2,933Mortgage-backed and asset-backed securitiesLevel 23,5390 3,539Total investments with fair value change recorded in net income21,967 9,298 12,669 Cash0 9,945 0 Total$63,282 $570 $(436)$85,383 $23,264 $72,064 (1)Represents gross unrealized gains and losses for debt securities recorded to AOCI.(2)The long-term portion of marketable equity securities (subject to long-term lock-up restrictions) of $376 million as of March 31, 2025 is included within other non-current assets.Investments Measured at Fair Value on a Nonrecurring Basis Our non-marketable equity securities are investments in privately held companies without readily determinable market values. The carrying value of our non-marketable equity securities is adjusted to fair value upon observable transactions for identical or similar investments of the same issuer or impairment. Non-marketable equity securities that have been remeasured during the period based on observable transactions are classified within Level 2 or Level 3 in the fair value hierarchy. Non-marketable equity securities that have been remeasured due to impairment are classified within Level 3. Our valuation methods include option pricing models, market comparable approach, and common stock equivalent method, which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, expected time to exit, risk free rate, and the rights, and obligations of the securities we hold. These inputs vary significantly based on investment type.As of March 31, 2025, the carrying value of our non-marketable equity securities was $48.6 billion