v3.21.1
Cash, Cash Equivalents and Short-term Investments (Tables)
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3 Months Ended |
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Cash and Cash Equivalents [Abstract] |
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Cash, Cash and Equivalents and Short-term Investments |
Cash, cash equivalents and short-term investments consist of the following (in thousands): | | | | | | | | | | | | | March 31, 2021 | | December 31, 2020 | Cash and cash equivalents: | | | | Cash | $ | 289,128 | | | $ | 285,002 | | Money market funds | 3,627,215 | | | 1,158,927 | | Corporate notes, commercial paper and certificates of deposit | 332,359 | | | 544,500 | | Total cash and cash equivalents | $ | 4,248,702 | | | $ | 1,988,429 | | Short-term investments: | | | | U.S. government and agency securities | $ | 634,852 | | | $ | 910,259 | | Corporate notes, commercial paper and certificates of deposit | 3,921,181 | | | 4,572,394 | | Marketable equity securities | 1,552 | | | 1,220 | | Total short-term investments | $ | 4,557,585 | | | $ | 5,483,873 | |
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Contractual Maturities of Securities Classified as Available-for-Sale |
The contractual maturities of debt securities classified as available-for-sale as of March 31, 2021 were as follows (in thousands): | | | | | | | March 31, 2021 | Due within one year | $ | 2,219,683 | | Due after one year through five years | 2,336,350 | | Total | $ | 4,556,033 | |
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Summary of Unrealized Gains and Losses Related to Available-for-Sale Securities Classified as Short-term Investments |
The following tables summarize unrealized gains and losses related to available-for-sale debt securities classified as short-term investments on the Company’s consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2021 | | Gross Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Aggregated Estimated Fair Value | U.S. government and agency securities | $ | 634,614 | | | $ | 465 | | | $ | (227) | | | $ | 634,852 | | Corporate notes, commercial paper and certificates of deposit | 3,904,564 | | | 18,183 | | | (1,566) | | | 3,921,181 | | Total available-for-sale debt securities classified as short-term investments | $ | 4,539,178 | | | $ | 18,648 | | | $ | (1,793) | | | $ | 4,556,033 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | Gross Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Aggregated Estimated Fair Value | U.S. government and agency securities | $ | 909,092 | | | $ | 1,177 | | | $ | (10) | | | $ | 910,259 | | Corporate notes, commercial paper and certificates of deposit | 4,545,687 | | | 26,939 | | | (232) | | | 4,572,394 | | Total available-for-sale debt securities classified as short-term investments | $ | 5,454,779 | | | $ | 28,116 | | | $ | (242) | | | $ | 5,482,653 | |
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