Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.8.0.1
Marketable Securities (Tables)
3 Months Ended
Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Summary of Marketable Securities
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
As of September 30, 2017 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Corporate debt securities
$
966,542

 
$
723

 
$
(1,530
)
 
$
965,735

Money market funds and other
923,316

 

 

 
923,316

Sovereign securities
14,558

 
1

 
(28
)
 
14,531

U.S. Government agency securities
363,751

 
31

 
(1,586
)
 
362,196

U.S. Treasury securities
382,824

 
21

 
(1,484
)
 
381,361

Subtotal
2,650,991

 
776

 
(4,628
)
 
2,647,139

Add: Time deposits(1)
49,316

 

 

 
49,316

Less: Cash equivalents
960,668

 

 

 
960,668

Marketable securities
$
1,739,639

 
$
776

 
$
(4,628
)
 
$
1,735,787

As of June 30, 2017 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Corporate debt securities
$
1,120,548

 
$
598

 
$
(1,951
)
 
$
1,119,195

Money market funds and other
616,039

 

 

 
616,039

Sovereign securities
52,621

 

 
(56
)
 
52,565

U.S. Government agency securities
510,553

 
62

 
(1,789
)
 
508,826

U.S. Treasury securities
374,676

 
52

 
(1,429
)
 
373,299

Subtotal
2,674,437

 
712

 
(5,225
)
 
2,669,924

Add: Time deposits(1)
39,389

 

 

 
39,389

Less: Cash equivalents
845,639

 

 
(15
)
 
845,624

Marketable securities
$
1,868,187

 
$
712

 
$
(5,210
)
 
$
1,863,689

________________
(1)
Time deposits excluded from fair value measurements.
Investments with Gross Unrealized Losses
The following table summarizes the fair value and gross unrealized losses of the Company’s investments that were in an unrealized loss position as of the date indicated below: 
As of September 30, 2017 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
Corporate debt securities
$
581,581

 
$
(1,530
)
U.S. Government agency securities
341,545

 
(1,586
)
U.S. Treasury securities
361,406

 
(1,484
)
Sovereign securities
12,534

 
(28
)
Total
$
1,297,066

 
$
(4,628
)
__________________ 
(1)
As of September 30, 2017, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for 12 months or more was $1.5 million.
Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on the Company’s Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
As of September 30, 2017 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
497,313

 
$
496,788

Due after one year through three years
1,242,326

 
1,238,999

 
$
1,739,639

 
$
1,735,787