Annual report pursuant to Section 13 and 15(d)

MARKETABLE SECURITIES (Tables)

v3.22.2
MARKETABLE SECURITIES (Tables)
12 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule 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, 2022 (In thousands) Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Corporate debt securities $ 481,881  $ $ (8,915) $ 472,969 
Money market funds and other 948,027  —  —  948,027 
Municipal securities 61,973  —  (1,249) 60,724 
Sovereign securities 6,041  (53) 5,990 
U.S. Government agency securities 92,273  26  (1,183) 91,116 
U.S. Treasury securities 378,871  18  (8,378) 370,511 
Equity securities(1)
3,211  7,824  —  11,035 
Subtotal 1,972,277  7,873  (19,778) 1,960,372 
Add: Time deposits(2)
274,873  —  —  274,873 
Less: Cash equivalents 1,112,146  —  (1) 1,112,145 
Marketable securities $ 1,135,004  $ 7,873  $ (19,777) $ 1,123,100 
As of June 30, 2021 (In thousands) Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Corporate debt securities $ 468,192  $ 689  $ (135) $ 468,746 
Money market funds and other 691,375  —  —  691,375 
Municipal securities 70,155  106  (33) 70,228 
Sovereign securities 3,045  —  3,052 
U.S. Government agency securities 145,810  160  (49) 145,921 
U.S. Treasury securities 233,052  129  (117) 233,064 
Equity securities(1)
3,211  26,719  —  29,930 
Subtotal 1,614,840  27,810  (334) 1,642,316 
Add: Time deposits(2)
210,636  —  —  210,636 
Less: Cash equivalents 793,040  —  —  793,040 
Marketable securities $ 1,032,436  $ 27,810  $ (334) $ 1,059,912 
__________________ 
(1)Unrealized gains on equity securities included in our portfolio consist of the initial fair value adjustment recorded upon a security becoming marketable.
(2)Time deposits excluded from fair value measurements.
Unrealized Gain (Loss) on Investments
The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below:
As of June 30, 2022 (In thousands) Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 458,699  $ (8,915)
Municipal securities 58,722  (1,249)
Sovereign securities 2,963  (53)
U.S. Government agency securities 60,285  (1,183)
U.S. Treasury securities 336,819  (8,378)
Total $ 917,488  $ (19,778)

As of June 30, 2021 (In thousands) Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 161,012  $ (135)
Municipal securities 21,605  (33)
U.S. Government agency securities 38,904  (49)
U.S. Treasury securities 117,761  (117)
Total $ 339,282  $ (334)
Schedule of 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, 2022 (In thousands) Amortized
Cost
Fair Value
Due within one year $ 571,149  $ 573,696 
Due after one year through three years 563,855  549,404 
$ 1,135,004  $ 1,123,100