Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v3.19.2
Marketable Securities (Tables)
12 Months Ended
Jun. 30, 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 June 30, 2019 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
Corporate debt securities
$
433,518

 
$
141

 
$
(582
)
 
$
433,077

Money market funds and other
352,708

 

 

 
352,708

Municipal securities
1,910

 
3

 

 
1,913

Sovereign securities
6,001

 
1

 
(8
)
 
5,994

U.S. Government agency securities
159,454

 
5

 
(241
)
 
159,218

U.S. Treasury securities
208,058

 
39

 
(401
)
 
207,696

Subtotal
1,161,649

 
189

 
(1,232
)
 
1,160,606

Add: Time deposits(1)
99,006

 

 

 
99,006

Less: Cash equivalents
536,206

 
17

 
(2
)
 
536,221

Marketable securities
$
724,449

 
$
172

 
$
(1,230
)
 
$
723,391

 
 
 
 
 
 
 
 
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, the majority of which were in a continuous loss position for 12 months or more:
As of June 30, 2019 (In thousands)
Fair Value
 
Gross
Unrealized
Losses
Corporate debt securities
$
321,972

 
$
(580
)
Sovereign securities
1,999

 
(8
)
U.S. Government agency securities
126,694

 
(241
)
U.S. Treasury securities
142,796

 
(401
)
Total
$
593,461

 
$
(1,230
)


Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Consolidated Balance Sheets, as of the date indicated below were as follows:
As of June 30, 2019 (In thousands)
Amortized
Cost
 
Fair Value
Due within one year
$
554,039

 
$
553,048

Due after one year through three years
170,410

 
170,343

 
$
724,449

 
$
723,391