Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v2.4.0.6
Marketable Securities (Tables)
9 Months Ended
Mar. 31, 2013
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, 2013 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
98,853

 
$
169

 
$
(1
)
 
$
99,021

U.S. Government agency securities
658,805

 
1,028

 
(6
)
 
659,827

Municipal securities
82,663

 
128

 
(62
)
 
82,729

Corporate debt securities
1,065,519

 
4,322

 
(321
)
 
1,069,520

Money market and other
735,000

 

 

 
735,000

Sovereign securities
23,814

 
45

 
(7
)
 
23,852

Subtotal
2,664,654

 
5,692

 
(397
)
 
2,669,949

Add: Time deposits(1)
53,500

 

 

 
53,500

Less: Cash equivalents
778,147

 

 

 
778,147

Marketable securities
$
1,940,007

 
$
5,692

 
$
(397
)
 
$
1,945,302

As of June 30, 2012 (In thousands)
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
U.S. Treasury securities
$
91,387

 
$
67

 
$
(16
)
 
$
91,438

U.S. Government agency securities
633,587

 
981

 
(76
)
 
634,492

Municipal securities
66,538

 
107

 
(102
)
 
66,543

Corporate debt securities
914,134

 
3,826

 
(568
)
 
917,392

Money market and other
607,038

 

 

 
607,038

Sovereign securities
29,056

 
89

 

 
29,145

Equity securities
10

 

 

 
10

Subtotal
2,341,750

 
5,070

 
(762
)
 
2,346,058

Add: Time deposits(1)
62,431

 

 

 
62,431

Less: Cash equivalents
625,339

 

 

 
625,339

Marketable securities
$
1,778,842

 
$
5,070

 
$
(762
)
 
$
1,783,150

________________
(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 the Company’s investments that were in an unrealized loss position as of the date indicated below:
 
As of March 31, 2013 (In thousands)
Fair Value
 
Gross
Unrealized
Losses(1)
U.S. Treasury securities
$
1,996

 
$
(1
)
U.S. Government agency securities
63,513

 
(6
)
Municipal securities
29,376

 
(62
)
Corporate debt securities
232,589

 
(321
)
Sovereign securities
7,589

 
(7
)
Total
$
335,063

 
$
(397
)
__________________ 
(1)
Of the total gross unrealized losses, there were no amounts that, as of March 31, 2013, had been in a continuous loss position for 12 months or more.

Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on the Company's Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
As of March 31, 2013 (In thousands)
Amortized Cost
 
Fair Value
Due within one year
$
456,433

 
$
457,332

Due after one year through three years
1,483,574

 
1,487,970

 
$
1,940,007

 
$
1,945,302