Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.19.1
Marketable Securities (Tables)
9 Months Ended
Mar. 31, 2019
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, 2019 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Corporate debt securities
$
441,279

 
$
43

 
$
(2,076
)
 
$
439,246

Money market funds and other
592,141

 

 

 
592,141

Sovereign securities
11,037

 

 
(46
)
 
10,991

U.S. Government agency securities
166,867

 
1

 
(776
)
 
166,092

U.S. Treasury securities
188,283

 

 
(1,203
)
 
187,080

Subtotal
1,399,607

 
44

 
(4,101
)
 
1,395,550

Add: Time deposits(1)
54,986

 

 

 
54,986

Less: Cash equivalents
645,431

 

 

 
645,431

Marketable securities
$
809,162

 
$
44

 
$
(4,101
)
 
$
805,105

As of June 30, 2018 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Corporate debt securities
$
747,763

 
$
148

 
$
(7,508
)
 
$
740,403

Money market funds and other
863,115

 

 

 
863,115

Sovereign securities
17,293

 

 
(151
)
 
17,142

U.S. Government agency securities
326,508

 
16

 
(2,827
)
 
323,697

U.S. Treasury securities
411,329

 
3

 
(3,682
)
 
407,650

Subtotal
2,366,008

 
167

 
(14,168
)
 
2,352,007

Add: Time deposits(1)
54,537

 

 

 
54,537

Less: Cash equivalents
930,608

 

 

 
930,608

Marketable securities
$
1,489,937

 
$
167

 
$
(14,168
)
 
$
1,475,936

________________
(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 our investments that were in an unrealized loss position as of the date indicated below: 
As of March 31, 2019 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
Corporate debt securities
$
397,009

 
$
(2,076
)
U.S. Treasury securities
187,080

 
(1,203
)
U.S. Government agency securities
163,445

 
(776
)
Sovereign securities
10,991

 
(46
)
Total
$
758,525

 
$
(4,101
)
__________________ 
(1) As of March 31, 2019, we had investments in a continuous loss position for 12 months or more with a gross amount $4.1 million.
Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
As of March 31, 2019 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
606,043

 
$
603,536

Due after one year through three years
203,119

 
201,569

 
$
809,162

 
$
805,105