| 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 March 31, 2023
|
|
|
(in thousands)
|
|
Adjusted Cost
|
|
|
Fair Value
|
|
|
Cash and Cash Equivalents
|
|
|
Short-Term Investments
|
|
|
Long-Term Investments
|
|
|
Cash
|
|
$
|
680,416
|
|
|
$
|
680,416
|
|
|
$
|
680,416
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Level 1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds
|
|
|
73,375
|
|
|
|
73,375
|
|
|
|
73,375
|
|
|
|
—
|
|
|
|
—
|
|
|
U.S. Treasury securities
|
|
|
17,552
|
|
|
|
17,552
|
|
|
|
6,249
|
|
|
|
11,303
|
|
|
|
—
|
|
|
Mutual funds
|
|
N/A
|
|
|
|
5,268
|
|
|
|
—
|
|
|
|
—
|
|
|
|
5,268
|
|
|
Total level 1
|
|
|
90,927
|
|
|
|
96,195
|
|
|
|
79,624
|
|
|
|
11,303
|
|
|
|
5,268
|
|
|
Level 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds
|
|
|
97,425
|
|
|
|
97,425
|
|
|
|
—
|
|
|
|
76,066
|
|
|
|
21,359
|
|
|
Asset-backed securities
|
|
|
4,669
|
|
|
|
4,669
|
|
|
|
—
|
|
|
|
135
|
|
|
|
4,534
|
|
|
U.S. Agency securities
|
|
|
3,013
|
|
|
|
3,013
|
|
|
|
—
|
|
|
|
2,003
|
|
|
|
1,010
|
|
|
Total level 2
|
|
|
105,107
|
|
|
|
105,107
|
|
|
|
—
|
|
|
|
78,204
|
|
|
|
26,903
|
|
|
Total
|
|
$
|
876,450
|
|
|
$
|
881,718
|
|
|
$
|
760,040
|
|
|
$
|
89,507
|
|
|
$
|
32,171
|
|
|
|
|
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
|
|
|
|
—
|
|
|
Mutual funds
|
|
N/A
|
|
|
|
5,893
|
|
|
|
—
|
|
|
|
—
|
|
|
|
5,893
|
|
|
Total level 1
|
|
|
89,704
|
|
|
|
95,597
|
|
|
|
73,503
|
|
|
|
16,201
|
|
|
|
5,893
|
|
|
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
|
|
|
Total level 2
|
|
|
106,600
|
|
|
|
106,600
|
|
|
|
2,500
|
|
|
|
85,965
|
|
|
|
18,135
|
|
|
Total
|
|
$
|
736,034
|
|
|
$
|
741,927
|
|
|
$
|
615,733
|
|
|
$
|
102,166
|
|
|
$
|
24,028
|
|
|