Cobalt Annual Report 2015 - page 107

Cobalt International Energy, Inc.
Notes to Consolidated Financial Statements (Continued)
F-15
(3) As of December 31, 2015, the $13.8 million in other current assets relates to the short-term portion of the
mobilization and regulatory acceptance testing costs associated with the Rowan Reliance drilling rig.
6. Investments
The Company’s investments in held-to-maturity securities, which are recorded at amortized cost which approximates fair market
value, were as follows as of December 31, 2015 and December 31, 2014:
December 31,
2015
December 31,
2014
($ in thousands)
Corporate securities ................................................................... $ 492,955 $ 1,321,261
Commercial paper......................................................................
604,986
483,534
U.S. Agency securities...............................................................
24,996
Certificates of deposit ................................................................
20,750
105,215
Total........................................................................................... $ 1,118,691 $ 1,935,006
The Company’s condensed consolidated balance sheet included the following held-to-maturity securities:
December 31,
2015
December 31,
2014
($ in thousands)
Cash and cash equivalents ......................................................... $ 38,420 $
78,753
Short-term investments ..............................................................
885,994 1,530,206
Restricted cash and cash equivalents .........................................
194,277
Long-term investments ..............................................................
326,047
$ 1,118,691 $ 1,935,006
The contractual maturities of these held-to-maturity securities as of December 31, 2015 and December 31, 2014 were as
follows:
December 31, 2015
December 31, 2014
Carrying
Value
Estimated
Fair Value
Carrying
Value
Estimated
Fair Value
($ in thousands)
Within 1 year .......................................................................... $ 1,118,691 $ 1,118,691 $ 1,608,959 $ 1,608,959
After 1 year ............................................................................
— 326,047
326,047
$ 1,118,691 $ 1,118,691 $ 1,935,006 $ 1,935,006
1...,97,98,99,100,101,102,103,104,105,106 108,109,110,111,112,113,114,115,116,117,...136
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