| 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, 2024 |
|
(in thousands) |
|
Adjusted Cost |
|
|
Fair Value |
|
|
Cash and Cash Equivalents |
|
|
Short-Term Investments |
|
|
Long-Term Investments |
|
Cash |
|
$ |
989,632 |
|
|
$ |
989,632 |
|
|
$ |
989,632 |
|
|
$ |
— |
|
|
$ |
— |
|
Level 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
|
12,646 |
|
|
|
12,646 |
|
|
|
12,646 |
|
|
|
— |
|
|
|
— |
|
U.S. Treasury securities |
|
|
19,301 |
|
|
|
19,301 |
|
|
|
4,997 |
|
|
|
12,833 |
|
|
|
1,471 |
|
Mutual funds |
|
N/A |
|
|
|
6,391 |
|
|
|
— |
|
|
|
— |
|
|
|
6,391 |
|
Total level 1 |
|
|
31,947 |
|
|
|
38,338 |
|
|
|
17,643 |
|
|
|
12,833 |
|
|
|
7,862 |
|
Level 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds |
|
|
121,604 |
|
|
|
121,604 |
|
|
|
13,183 |
|
|
|
57,864 |
|
|
|
50,557 |
|
Asset-backed securities |
|
|
19,853 |
|
|
|
19,853 |
|
|
|
— |
|
|
|
1,199 |
|
|
|
18,654 |
|
U.S. Agency securities |
|
|
23,506 |
|
|
|
23,506 |
|
|
|
— |
|
|
|
16,668 |
|
|
|
6,838 |
|
Total level 2 |
|
|
164,963 |
|
|
|
164,963 |
|
|
|
13,183 |
|
|
|
75,731 |
|
|
|
76,049 |
|
Total |
|
$ |
1,186,542 |
|
|
$ |
1,192,933 |
|
|
$ |
1,020,458 |
|
|
$ |
88,564 |
|
|
$ |
83,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2023 |
|
(in thousands) |
|
Adjusted Cost |
|
|
Fair Value |
|
|
Cash and Cash Equivalents |
|
|
Short-Term Investments |
|
|
Long-Term Investments |
|
Cash |
|
$ |
972,278 |
|
|
$ |
972,278 |
|
|
$ |
972,278 |
|
|
$ |
— |
|
|
$ |
— |
|
Level 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
|
176,317 |
|
|
|
176,317 |
|
|
|
176,317 |
|
|
|
— |
|
|
|
— |
|
U.S. Treasury securities |
|
|
39,769 |
|
|
|
39,769 |
|
|
|
29,942 |
|
|
|
9,827 |
|
|
|
— |
|
Mutual funds |
|
N/A |
|
|
|
8,535 |
|
|
|
— |
|
|
|
— |
|
|
|
8,535 |
|
Total level 1 |
|
|
216,086 |
|
|
|
224,621 |
|
|
|
206,259 |
|
|
|
9,827 |
|
|
|
8,535 |
|
Level 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate notes and bonds |
|
|
97,795 |
|
|
|
97,795 |
|
|
|
9,374 |
|
|
|
50,949 |
|
|
|
37,472 |
|
Asset-backed securities |
|
|
11,159 |
|
|
|
11,159 |
|
|
|
— |
|
|
|
— |
|
|
|
11,159 |
|
U.S. Agency securities |
|
|
27,269 |
|
|
|
27,269 |
|
|
|
1,999 |
|
|
|
11,819 |
|
|
|
13,451 |
|
Total level 2 |
|
|
136,223 |
|
|
|
136,223 |
|
|
|
11,373 |
|
|
|
62,768 |
|
|
|
62,082 |
|
Total |
|
$ |
1,324,587 |
|
|
$ |
1,333,122 |
|
|
$ |
1,189,910 |
|
|
$ |
72,595 |
|
|
$ |
70,617 |
|
|