| Schedule of 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 Sheets as follows:
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Quoted Prices in Active Markets for Identical Assets |
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Significant Other Observable Inputs |
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Little or No Market Activity Inputs |
| As of December 31, 2021 (In thousands) |
Total |
|
(Level 1) |
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(Level 2) |
|
(Level 3) |
| Assets |
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| Cash equivalents: |
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| Money market funds and other |
$ |
776,782 |
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|
$ |
776,782 |
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|
$ |
— |
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$ |
— |
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| Marketable securities: |
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| Corporate debt securities |
479,974 |
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— |
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|
479,974 |
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|
— |
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| Municipal securities |
67,268 |
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|
— |
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|
67,268 |
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|
— |
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| Sovereign securities |
5,031 |
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— |
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|
5,031 |
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|
— |
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| U.S. Government agency securities |
121,089 |
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|
121,089 |
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|
— |
|
|
— |
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| U.S. Treasury securities |
294,380 |
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|
288,082 |
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|
6,298 |
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|
— |
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|
|
|
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Equity securities(1)
|
21,033 |
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|
21,033 |
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|
— |
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|
— |
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|
Total cash equivalents and marketable securities(2)
|
1,765,557 |
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|
1,206,986 |
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|
558,571 |
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|
— |
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| Other current assets: |
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|
|
|
|
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| Derivative assets |
14,039 |
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|
— |
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|
14,039 |
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— |
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| Other non-current assets: |
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|
|
|
|
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| Executive Deferred Savings Plan |
274,529 |
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|
208,307 |
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|
66,222 |
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|
— |
|
Total financial assets(2)
|
$ |
2,054,125 |
|
|
$ |
1,415,293 |
|
|
$ |
638,832 |
|
|
$ |
— |
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| Liabilities |
|
|
|
|
|
|
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| Derivative liabilities |
$ |
(3,817) |
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|
$ |
— |
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|
$ |
(3,817) |
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|
$ |
— |
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| Deferred payments |
(4,700) |
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— |
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|
— |
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|
(4,700) |
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| Contingent consideration payable |
(23,177) |
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— |
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|
— |
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(23,177) |
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| Total financial liabilities |
$ |
(31,694) |
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|
$ |
— |
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|
$ |
(3,817) |
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|
$ |
(27,877) |
|
________________
(1) Transfer from Level 2 to Level 1 as the security specific restriction expired during the first quarter of the fiscal year ending June 30, 2022.
(2) Excludes cash of $783.0 million held in operating accounts and time deposits of $261.9 million (of which $97.3 million were cash equivalents) as of December 31, 2021.
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 Sheets as follows:
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|
Quoted Prices in Active Markets for Identical Assets |
|
Significant Other Observable Inputs |
|
Little or No Market Activity Inputs |
| As of June 30, 2021 (In thousands) |
Total |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| Assets |
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| Cash equivalents: |
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| Money market funds and other |
$ |
691,375 |
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|
$ |
691,375 |
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|
$ |
— |
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|
$ |
— |
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| Marketable securities: |
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|
|
|
|
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| Corporate debt securities |
468,746 |
|
|
— |
|
|
468,746 |
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|
— |
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| Municipal securities |
70,228 |
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|
— |
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|
70,228 |
|
|
— |
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| Sovereign securities |
3,052 |
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|
— |
|
|
3,052 |
|
|
— |
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| U.S. Government agency securities |
145,921 |
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|
145,921 |
|
|
— |
|
|
— |
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| U.S. Treasury securities |
233,064 |
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|
205,055 |
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|
28,009 |
|
|
— |
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|
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|
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| Equity securities |
29,930 |
|
|
— |
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|
29,930 |
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|
— |
|
|
|
|
|
|
|
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|
Total cash equivalents and marketable securities(1)
|
1,642,316 |
|
|
1,042,351 |
|
|
599,965 |
|
|
— |
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| Other current assets: |
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|
|
|
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| Derivative assets |
8,252 |
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|
— |
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|
8,252 |
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|
— |
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| Other non-current assets: |
|
|
|
|
|
|
|
| Executive Deferred Savings Plan |
266,199 |
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|
200,925 |
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|
65,274 |
|
|
— |
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Total financial assets(1)
|
$ |
1,916,767 |
|
|
$ |
1,243,276 |
|
|
$ |
673,491 |
|
|
$ |
— |
|
| Liabilities |
|
|
|
|
|
|
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| Derivative liabilities |
$ |
(2,807) |
|
|
$ |
— |
|
|
$ |
(2,807) |
|
|
$ |
— |
|
| Deferred payments |
(4,550) |
|
|
— |
|
|
— |
|
|
(4,550) |
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| Contingent consideration payable |
(8,514) |
|
|
— |
|
|
— |
|
|
(8,514) |
|
|
|
|
|
|
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|
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| Total financial liabilities |
$ |
(15,871) |
|
|
$ |
— |
|
|
$ |
(2,807) |
|
|
$ |
(13,064) |
|
________________
(1) Excludes cash of $641.6 million held in operating accounts and time deposits of $210.6 million (of which $101.7 million were cash equivalents) as of June 30, 2021.
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