| 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 Consolidated Balance Sheets as follows:
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| As of June 30, 2023 (In thousands) |
Total |
|
Quoted Prices
in Active Markets
for Identical
Assets (Level 1) |
|
Significant
Other
Observable
Inputs
(Level 2) |
|
Little or No
Market Activity Inputs (Level 3) |
| Assets |
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| Cash equivalents: |
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| Money market funds and other |
$ |
1,257,223 |
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|
$ |
1,257,223 |
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|
$ |
— |
|
|
$ |
— |
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| U.S. Government agency securities |
3,788 |
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|
— |
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|
3,788 |
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|
— |
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| U.S. Treasury securities |
11,500 |
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|
— |
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|
11,500 |
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— |
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| Marketable securities: |
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| Corporate debt securities |
502,650 |
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— |
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|
502,650 |
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— |
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| Municipal securities |
31,788 |
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— |
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31,788 |
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— |
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| U.S. Government agency securities |
129,784 |
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|
127,715 |
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|
2,069 |
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|
— |
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| U.S. Treasury securities |
518,215 |
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|
425,234 |
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|
92,981 |
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|
— |
|
Equity securities |
18,159 |
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|
18,159 |
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— |
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— |
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Total cash equivalents and marketable securities(1)
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2,473,107 |
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|
1,828,331 |
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|
644,776 |
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— |
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| Other current assets: |
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| Derivative assets |
35,712 |
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— |
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|
35,712 |
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— |
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| Other non-current assets: |
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| EDSP |
256,846 |
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|
198,639 |
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|
58,207 |
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— |
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Total financial assets(1)
|
$ |
2,765,665 |
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|
$ |
2,026,970 |
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|
$ |
738,695 |
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|
$ |
— |
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| Liabilities |
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| Derivative liabilities |
$ |
(12,106) |
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$ |
— |
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$ |
(12,106) |
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$ |
— |
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| Contingent consideration payable |
(6,447) |
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— |
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— |
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|
(6,447) |
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| Total financial liabilities |
$ |
(18,553) |
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$ |
— |
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$ |
(12,106) |
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$ |
(6,447) |
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__________________
(1)Excludes cash of $298.6 million held in operating accounts and time deposits of $471.4 million (of which $356.7 million were cash equivalents) as of June 30, 2023.
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 Consolidated Balance Sheets as follows:
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| As of June 30, 2022 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1) |
|
Significant Other
Observable Inputs
(Level 2) |
|
Little or No
Market Activity Inputs (Level 3) |
| Assets |
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| Cash equivalents: |
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| Corporate debt securities |
$ |
922 |
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|
$ |
— |
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$ |
922 |
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|
$ |
— |
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| Money market funds and other |
948,027 |
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|
948,027 |
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— |
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— |
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| U.S. Treasury securities |
22,485 |
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|
— |
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|
22,485 |
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— |
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| Marketable securities: |
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| Corporate debt securities |
472,047 |
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— |
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|
472,047 |
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— |
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| Municipal securities |
60,724 |
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— |
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|
60,724 |
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— |
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| Sovereign securities |
5,990 |
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— |
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|
5,990 |
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— |
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| U.S. Government agency securities |
91,116 |
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|
91,116 |
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— |
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— |
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| U.S. Treasury securities |
348,026 |
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|
344,559 |
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|
3,467 |
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— |
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Equity securities(1)
|
11,035 |
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|
11,035 |
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— |
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— |
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Total cash equivalents and marketable securities(2)
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1,960,372 |
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|
1,394,737 |
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|
565,635 |
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— |
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| Other current assets: |
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| Derivative assets |
40,311 |
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|
— |
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|
40,311 |
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— |
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| Other non-current assets: |
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| EDSP |
224,188 |
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|
176,928 |
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|
47,260 |
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— |
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Total financial assets(2)
|
$ |
2,224,871 |
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|
$ |
1,571,665 |
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|
$ |
653,206 |
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|
$ |
— |
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| Liabilities |
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| Derivative liabilities |
$ |
(34,315) |
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|
$ |
— |
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|
$ |
(34,315) |
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|
$ |
— |
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| Deferred payments |
(2,350) |
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|
— |
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|
— |
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|
(2,350) |
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| Contingent consideration payable |
(23,674) |
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|
— |
|
|
— |
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|
(23,674) |
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| Total financial liabilities |
$ |
(60,339) |
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|
$ |
— |
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|
$ |
(34,315) |
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$ |
(26,024) |
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__________________
(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 $472.8 million held in operating accounts and time deposits of $274.9 million (of which $140.7 million were cash equivalents) as of June 30, 2022.
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