| 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 |
|
|