Annual report pursuant to Section 13 and 15(d)

Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)

v3.22.4
Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)
12 Months Ended
Dec. 31, 2022
Cash Cash Equivalents And Short Term And Long Term Investments [Abstract]  
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