Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v2.4.0.8
Marketable Securities (Tables)
9 Months Ended
Mar. 31, 2014
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 March 31, 2014 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
302,408

 
$
112

 
$
(95
)
 
$
302,425

U.S. Government agency securities
797,451

 
656

 
(464
)
 
797,643

Municipal securities
101,846

 
120

 
(72
)
 
101,894

Corporate debt securities
1,178,548

 
3,025

 
(321
)
 
1,181,252

Money market and other
463,828

 

 

 
463,828

Sovereign securities
62,261

 
38

 
(17
)
 
62,282

Subtotal
2,906,342

 
3,951

 
(969
)
 
2,909,324

Add: Time deposits(1)
31,011

 

 

 
31,011

Less: Cash equivalents
689,740

 

 
(6
)
 
689,734

Marketable securities
$
2,247,613

 
$
3,951

 
$
(963
)
 
$
2,250,601

As of June 30, 2013 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
93,940

 
$
53

 
$
(206
)
 
$
93,787

U.S. Government agency securities
598,471

 
569

 
(1,009
)
 
598,031

Municipal securities
103,686

 
71

 
(302
)
 
103,455

Corporate debt securities
1,103,438

 
2,353

 
(2,466
)
 
1,103,325

Money market and other
817,608

 

 

 
817,608

Sovereign securities
33,799

 
25

 
(19
)
 
33,805

Subtotal
2,750,942

 
3,071

 
(4,002
)
 
2,750,011

Add: Time deposits(1)
43,413

 

 

 
43,413

Less: Cash equivalents
859,933

 

 

 
859,933

Marketable securities
$
1,934,422

 
$
3,071

 
$
(4,002
)
 
$
1,933,491

________________
(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 March 31, 2014 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
61,901

 
$
(93
)
U.S. Government agency securities
229,366

 
(464
)
Municipal securities
36,699

 
(72
)
Corporate debt securities
217,279

 
(318
)
Sovereign securities
31,455

 
(16
)
Total
$
576,700

 
$
(963
)
__________________ 
(1)
Of the total gross unrealized losses, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for 12 months or more was immaterial.

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 March 31, 2014 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
725,478

 
$
726,799

Due after one year through three years
1,522,135

 
1,523,802

 
$
2,247,613

 
$
2,250,601