| Summary of Cash, Cash Equivalents, Short-Term and Long-Term Investments by Significant Investment Category |
The following tables show the Company’s cash, cash equivalents, short-term and long-term investments by significant investment category as of June 30, 2020 and December 31, 2019 (in thousands):
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|
|
June 30, 2020
|
|
|
|
|
Adjusted Cost
|
|
|
Unrealized Gains
|
|
|
Unrealized Losses
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
1,033,075
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
1,033,075
|
|
|
$
|
1,033,075
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
Level 1:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
319,045
|
|
|
|
-
|
|
|
|
-
|
|
|
|
319,045
|
|
|
|
319,045
|
|
|
|
-
|
|
|
|
-
|
|
|
U.S. Treasury securities
|
|
|
18,334
|
|
|
|
-
|
|
|
|
-
|
|
|
|
18,334
|
|
|
|
-
|
|
|
|
4,156
|
|
|
|
14,178
|
|
|
Total level 1
|
|
|
337,379
|
|
|
|
-
|
|
|
|
-
|
|
|
|
337,379
|
|
|
|
319,045
|
|
|
|
4,156
|
|
|
|
14,178
|
|
|
Level 2:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
Corporate notes and bonds
|
|
|
113,478
|
|
|
|
-
|
|
|
|
-
|
|
|
|
113,478
|
|
|
|
-
|
|
|
|
89,976
|
|
|
|
23,502
|
|
|
Asset-backed securities
|
|
|
34,483
|
|
|
|
-
|
|
|
|
-
|
|
|
|
34,483
|
|
|
|
-
|
|
|
|
4,696
|
|
|
|
29,787
|
|
|
U.S. Agency securities
|
|
|
7,650
|
|
|
|
-
|
|
|
|
-
|
|
|
|
7,650
|
|
|
|
-
|
|
|
|
6,849
|
|
|
|
801
|
|
|
Mutual funds
|
|
|
29,968
|
|
|
|
-
|
|
|
|
-
|
|
|
|
29,968
|
|
|
|
-
|
|
|
|
-
|
|
|
|
29,968
|
|
|
Total level 2
|
|
|
185,579
|
|
|
|
-
|
|
|
|
-
|
|
|
|
185,579
|
|
|
|
-
|
|
|
|
101,521
|
|
|
|
84,058
|
|
|
TOTAL
|
|
$
|
1,556,033
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
1,556,033
|
|
|
$
|
1,352,120
|
|
|
$
|
105,677
|
|
|
$
|
98,236
|
|
|
|
|
December 31, 2019
|
|
|
|
|
Adjusted Cost
|
|
|
Unrealized Gains
|
|
|
Unrealized Losses
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
662,355
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
662,355
|
|
|
$
|
662,355
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
Level 1:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
162,521
|
|
|
|
-
|
|
|
|
-
|
|
|
|
162,521
|
|
|
|
162,521
|
|
|
|
-
|
|
|
|
-
|
|
|
U.S. Treasury securities
|
|
|
9,686
|
|
|
|
-
|
|
|
|
-
|
|
|
|
9,686
|
|
|
|
-
|
|
|
|
1,679
|
|
|
|
8,007
|
|
|
Total level 1
|
|
|
172,207
|
|
|
|
-
|
|
|
|
-
|
|
|
|
172,207
|
|
|
|
162,521
|
|
|
|
1,679
|
|
|
|
8,007
|
|
|
Level 2:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
Corporate notes and bonds
|
|
|
132,431
|
|
|
|
-
|
|
|
|
-
|
|
|
|
132,431
|
|
|
|
-
|
|
|
|
104,130
|
|
|
|
28,301
|
|
|
Asset-backed securities
|
|
|
23,614
|
|
|
|
-
|
|
|
|
-
|
|
|
|
23,614
|
|
|
|
-
|
|
|
|
263
|
|
|
|
23,351
|
|
|
U.S. Agency securities
|
|
|
12,352
|
|
|
|
-
|
|
|
|
-
|
|
|
|
12,352
|
|
|
|
-
|
|
|
|
5,965
|
|
|
|
6,387
|
|
|
Mutual funds
|
|
|
28,543
|
|
|
|
-
|
|
|
|
-
|
|
|
|
28,543
|
|
|
|
-
|
|
|
|
-
|
|
|
|
28,543
|
|
|
Total level 2
|
|
|
196,940
|
|
|
|
-
|
|
|
|
-
|
|
|
|
196,940
|
|
|
|
-
|
|
|
|
110,358
|
|
|
|
86,582
|
|
|
TOTAL
|
|
$
|
1,031,502
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
1,031,502
|
|
|
$
|
824,876
|
|
|
$
|
112,037
|
|
|
$
|
94,589
|
|
|