Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2022

 

(in thousands)

 

Adjusted Cost

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Short-Term Investments

 

 

Long-Term Investments

 

Cash

 

$

454,788

 

 

$

454,788

 

 

$

454,788

 

 

$

 

 

$

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

53,493

 

 

 

53,493

 

 

 

53,493

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

18,314

 

 

 

18,314

 

 

 

 

 

 

18,314

 

 

 

 

Total level 1

 

 

71,807

 

 

 

71,807

 

 

 

53,493

 

 

 

18,314

 

 

 

 

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate notes and bonds

 

 

98,034

 

 

 

98,034

 

 

 

 

 

 

83,812

 

 

 

14,222

 

Asset-backed securities

 

 

6,670

 

 

 

6,670

 

 

 

 

 

 

860

 

 

 

5,810

 

Mutual funds

 

 

50,210

 

 

 

50,210

 

 

 

 

 

 

 

 

 

50,210

 

Total level 2

 

 

154,914

 

 

 

154,914

 

 

 

 

 

 

84,672

 

 

 

70,242

 

Total

 

$

681,509

 

 

$

681,509

 

 

$

508,281

 

 

$

102,986

 

 

$

70,242

 

 

 

 

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

 

 

53,180

 

 

 

53,180

 

 

 

 

 

 

 

 

 

53,180

 

Total level 2

 

 

218,733

 

 

 

218,733

 

 

 

 

 

 

89,684

 

 

 

129,049

 

Total

 

$

1,040,453

 

 

$

1,040,453

 

 

$

796,283

 

 

$

98,580

 

 

$

145,590