| 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 September 30, 2022
|
|
|
(in thousands)
|
|
Adjusted Cost
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
454,788
|
|
|
$
|
454,788
|
|
|
$
|
454,788
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Level 1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
53,493
|
|
|
|
53,493
|
|
|
|
53,493
|
|
|
|
—
|
|
|
|
—
|
|
|
U.S. Treasury securities
|
|
|
18,314
|
|
|
|
18,314
|
|
|
|
—
|
|
|
|
18,314
|
|
|
|
—
|
|
|
Total level 1
|
|
|
71,807
|
|
|
|
71,807
|
|
|
|
53,493
|
|
|
|
18,314
|
|
|
|
—
|
|
|
Level 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds
|
|
|
98,034
|
|
|
|
98,034
|
|
|
|
—
|
|
|
|
83,812
|
|
|
|
14,222
|
|
|
Asset-backed securities
|
|
|
6,670
|
|
|
|
6,670
|
|
|
|
—
|
|
|
|
860
|
|
|
|
5,810
|
|
|
Mutual funds
|
|
|
50,210
|
|
|
|
50,210
|
|
|
|
—
|
|
|
|
—
|
|
|
|
50,210
|
|
|
Total level 2
|
|
|
154,914
|
|
|
|
154,914
|
|
|
|
—
|
|
|
|
84,672
|
|
|
|
70,242
|
|
|
Total
|
|
$
|
681,509
|
|
|
$
|
681,509
|
|
|
$
|
508,281
|
|
|
$
|
102,986
|
|
|
$
|
70,242
|
|
|
|
|
As of December 31, 2021
|
|
|
(in thousands)
|
|
Adjusted Cost
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
664,220
|
|
|
$
|
664,220
|
|
|
$
|
664,220
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Level 1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
132,063
|
|
|
|
132,063
|
|
|
|
132,063
|
|
|
|
—
|
|
|
|
—
|
|
|
U.S. Treasury securities
|
|
|
25,437
|
|
|
|
25,437
|
|
|
|
—
|
|
|
|
8,896
|
|
|
|
16,541
|
|
|
Total level 1
|
|
|
157,500
|
|
|
|
157,500
|
|
|
|
132,063
|
|
|
|
8,896
|
|
|
|
16,541
|
|
|
Level 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds
|
|
|
148,373
|
|
|
|
148,373
|
|
|
|
—
|
|
|
|
84,783
|
|
|
|
63,590
|
|
|
Asset-backed securities
|
|
|
17,180
|
|
|
|
17,180
|
|
|
|
—
|
|
|
|
4,901
|
|
|
|
12,279
|
|
|
Mutual funds
|
|
|
53,180
|
|
|
|
53,180
|
|
|
|
—
|
|
|
|
—
|
|
|
|
53,180
|
|
|
Total level 2
|
|
|
218,733
|
|
|
|
218,733
|
|
|
|
—
|
|
|
|
89,684
|
|
|
|
129,049
|
|
|
Total
|
|
$
|
1,040,453
|
|
|
$
|
1,040,453
|
|
|
$
|
796,283
|
|
|
$
|
98,580
|
|
|
$
|
145,590
|
|
|