| 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, 2023 |
|
(in thousands) |
|
Adjusted Cost |
|
|
Fair Value |
|
|
Cash and Cash Equivalents |
|
|
Short-Term Investments |
|
|
Long-Term Investments |
|
Cash |
|
$ |
789,496 |
|
|
$ |
789,496 |
|
|
$ |
789,496 |
|
|
$ |
— |
|
|
$ |
— |
|
Level 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
|
98,033 |
|
|
|
98,033 |
|
|
|
98,033 |
|
|
|
— |
|
|
|
— |
|
U.S. Treasury securities |
|
|
14,119 |
|
|
|
14,119 |
|
|
|
2,999 |
|
|
|
11,120 |
|
|
|
— |
|
Mutual funds |
|
N/A |
|
|
|
11,355 |
|
|
|
— |
|
|
|
— |
|
|
|
11,355 |
|
Total level 1 |
|
|
112,152 |
|
|
|
123,507 |
|
|
|
101,032 |
|
|
|
11,120 |
|
|
|
11,355 |
|
Level 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds |
|
|
98,921 |
|
|
|
98,921 |
|
|
|
5,986 |
|
|
|
66,526 |
|
|
|
26,409 |
|
Asset-backed securities |
|
|
8,547 |
|
|
|
8,547 |
|
|
|
— |
|
|
|
— |
|
|
|
8,547 |
|
U.S. Agency securities |
|
|
4,710 |
|
|
|
4,710 |
|
|
|
— |
|
|
|
3,002 |
|
|
|
1,708 |
|
Total level 2 |
|
|
112,178 |
|
|
|
112,178 |
|
|
|
5,986 |
|
|
|
69,528 |
|
|
|
36,664 |
|
Total |
|
$ |
1,013,826 |
|
|
$ |
1,025,181 |
|
|
$ |
896,514 |
|
|
$ |
80,648 |
|
|
$ |
48,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|