| 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 December 31, 2022
|
|
|
(in thousands)
|
|
Adjusted Cost
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
539,730
|
|
|
$
|
539,730
|
|
|
$
|
539,730
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Level 1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
71,503
|
|
|
|
71,503
|
|
|
|
71,503
|
|
|
|
—
|
|
|
|
—
|
|
|
U.S. Treasury securities
|
|
|
18,201
|
|
|
|
18,201
|
|
|
|
2,000
|
|
|
|
16,201
|
|
|
|
—
|
|
|
Total level 1
|
|
|
89,704
|
|
|
|
89,704
|
|
|
|
73,503
|
|
|
|
16,201
|
|
|
|
—
|
|
|
Level 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds
|
|
|
101,959
|
|
|
|
101,959
|
|
|
|
2,500
|
|
|
|
85,731
|
|
|
|
13,728
|
|
|
Asset-backed securities
|
|
|
4,641
|
|
|
|
4,641
|
|
|
|
—
|
|
|
|
234
|
|
|
|
4,407
|
|
|
Mutual funds
|
|
N/A
|
|
|
|
5,893
|
|
|
|
—
|
|
|
|
—
|
|
|
|
5,893
|
|
|
Total level 2
|
|
|
106,600
|
|
|
|
112,493
|
|
|
|
2,500
|
|
|
|
85,965
|
|
|
|
24,028
|
|
|
Total
|
|
$
|
736,034
|
|
|
$
|
741,927
|
|
|
$
|
615,733
|
|
|
$
|
102,166
|
|
|
$
|
24,028
|
|
|
|
|
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
|
|
N/A
|
|
|
|
4,301
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,301
|
|
|
Total level 2
|
|
|
165,553
|
|
|
|
169,854
|
|
|
|
—
|
|
|
|
89,684
|
|
|
|
80,170
|
|
|
Total
|
|
$
|
987,273
|
|
|
$
|
991,574
|
|
|
$
|
796,283
|
|
|
$
|
98,580
|
|
|
$
|
96,711
|
|
|