Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 38

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 38
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 18,157 Mortgage-backed and asset-backed securitiesLevel 214,437 63 (385)14,115 0 14,115 Total investments with fair value change reflected in other comprehensive income(1)62,505 225 (821)61,909 2,131 59,778 Fair value adjustments recorded in net incomeMoney market fundsLevel 1$8,154 $8,154 $0 Current marketable equity securities(2)Level 14,7080 4,708Mutual fundsLevel 21050 105Government bondsLevel 22,035696 1,339Corporate debt securitiesLevel 23,03778 2,959Mortgage-backed and asset-backed securitiesLevel 23,3020 3,302Total investments with fair value change recorded in net income21,341 8,928 12,413 Cash0 12,407 0 Total$62,505 $225 $(821)$83,250 $23,466 $72,191 (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 $266 million as of December 31, 2024 is included within other non-current assets.Investments Measured at Fair Value on a Nonrecurring BasisOur 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 December 31, 2024, the carrying value of our non-marketable equity securities was $35.5 billion, of which $19.9 billion were remeasured at fair value