| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
|
|
Significant
Other
Observable
Inputs
(Level 2)
|
|
Little or no market activity
Inputs
(Level 3)
|
Assets |
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
Money market funds and other |
$ |
877,527 |
|
|
$ |
877,527 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. Treasury securities |
668,058 |
|
|
— |
|
|
668,058 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
|
|
Corporate debt securities |
500,594 |
|
|
— |
|
|
500,594 |
|
|
— |
|
Sovereign securities |
10,919 |
|
|
— |
|
|
10,919 |
|
|
— |
|
U.S. Government agency securities |
172,615 |
|
|
172,615 |
|
|
— |
|
|
— |
|
U.S. Treasury securities |
211,588 |
|
|
211,588 |
|
|
— |
|
|
— |
|
Total cash equivalents and marketable securities(1)
|
2,441,301 |
|
|
1,261,730 |
|
|
1,179,571 |
|
|
— |
|
Other current assets: |
|
|
|
|
|
|
|
Derivative assets |
1,732 |
|
|
— |
|
|
1,732 |
|
|
— |
|
Other non-current assets: |
|
|
|
|
|
|
|
Executive Deferred Savings Plan |
181,104 |
|
|
137,301 |
|
|
43,803 |
|
|
— |
|
Total financial assets(1)
|
$ |
2,624,137 |
|
|
$ |
1,399,031 |
|
|
$ |
1,225,106 |
|
|
$ |
— |
|
Liabilities |
|
|
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
|
|
Derivative liabilities |
$ |
(14,318 |
) |
|
$ |
— |
|
|
$ |
(14,318 |
) |
|
$ |
— |
|
|
Contingent consideration payable
|
(2,529 |
) |
|
— |
|
|
— |
|
|
(2,529 |
) |
Total financial liabilities |
$ |
(16,847 |
) |
|
$ |
— |
|
|
$ |
(14,318 |
) |
|
$ |
(2,529 |
) |
________________
(1) Excludes cash of $204.5 million held in operating accounts and time deposits of $48.3 million as of December 31, 2018.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2018 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
Corporate debt securities |
$ |
4,995 |
|
|
$ |
— |
|
|
$ |
4,995 |
|
Money market funds and other |
863,115 |
|
|
863,115 |
|
|
— |
|
U.S. Government agency securities |
7,675 |
|
|
— |
|
|
7,675 |
|
U.S. Treasury securities |
1,996 |
|
|
— |
|
|
1,996 |
|
Marketable securities: |
|
|
|
|
|
Corporate debt securities |
735,408 |
|
|
— |
|
|
735,408 |
|
Sovereign securities |
17,142 |
|
|
— |
|
|
17,142 |
|
U.S. Government agency securities |
316,022 |
|
|
299,501 |
|
|
16,521 |
|
U.S. Treasury securities |
405,654 |
|
|
364,574 |
|
|
41,080 |
|
Total cash equivalents and marketable securities(1)
|
2,352,007 |
|
|
1,527,190 |
|
|
824,817 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
5,385 |
|
|
— |
|
|
5,385 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
197,213 |
|
|
143,580 |
|
|
53,633 |
|
Total financial assets(1)
|
$ |
2,554,605 |
|
|
$ |
1,670,770 |
|
|
$ |
883,835 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(6,828 |
) |
|
$ |
— |
|
|
$ |
(6,828 |
) |
Total financial liabilities |
$ |
(6,828 |
) |
|
$ |
— |
|
|
$ |
(6,828 |
) |
________________
(1) Excludes cash of $473.8 million held in operating accounts and time deposits of $54.5 million as of June 30, 2018.
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