| Schedule of Marketable Securities |
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of September 30, 2024 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
828,306 |
|
|
$ |
7,102 |
|
|
$ |
(303) |
|
|
$ |
835,105 |
|
| Money market funds and other |
1,558,751 |
|
|
— |
|
|
— |
|
|
1,558,751 |
|
|
|
|
|
|
|
|
|
| Municipal securities |
43,399 |
|
|
294 |
|
|
(20) |
|
|
43,673 |
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
96,859 |
|
|
1,037 |
|
|
(9) |
|
|
97,887 |
|
| U.S. Treasury securities |
732,428 |
|
|
4,081 |
|
|
(413) |
|
|
736,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
3,259,743 |
|
|
12,514 |
|
|
(745) |
|
|
3,271,512 |
|
Add: Time deposits(1)
|
1,011,697 |
|
|
— |
|
|
— |
|
|
1,011,697 |
|
| Less: Cash equivalents |
1,650,347 |
|
|
2 |
|
|
— |
|
|
1,650,349 |
|
Marketable securities(2)
|
$ |
2,621,093 |
|
|
$ |
12,512 |
|
|
$ |
(745) |
|
|
$ |
2,632,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
| As of June 30, 2024 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
775,277 |
|
|
$ |
973 |
|
|
$ |
(2,018) |
|
|
$ |
774,232 |
|
| Money market funds and other |
1,585,832 |
|
|
— |
|
|
— |
|
|
1,585,832 |
|
| Municipal securities |
41,343 |
|
|
13 |
|
|
(197) |
|
|
41,159 |
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
106,101 |
|
|
26 |
|
|
(253) |
|
|
105,874 |
|
| U.S. Treasury securities |
754,505 |
|
|
209 |
|
|
(3,408) |
|
|
751,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
3,263,058 |
|
|
1,221 |
|
|
(5,876) |
|
|
3,258,403 |
|
Add: Time deposits(1)
|
932,436 |
|
|
— |
|
|
— |
|
|
932,436 |
|
| Less: Cash equivalents |
1,689,540 |
|
|
— |
|
|
(1) |
|
|
1,689,539 |
|
Marketable securities(2)
|
$ |
2,505,954 |
|
|
$ |
1,221 |
|
|
$ |
(5,875) |
|
|
$ |
2,501,300 |
|
________________
(1) Time deposits excluded from fair value measurements.
(2) Excludes equity marketable securities.
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| Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value |
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.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
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|
|
| As of September 30, 2024 |
Less than 12 Months |
|
12 Months or Greater |
|
Total |
| (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
| Corporate debt securities |
$ |
33,940 |
|
|
$ |
(20) |
|
|
$ |
66,941 |
|
|
$ |
(283) |
|
|
$ |
100,881 |
|
|
$ |
(303) |
|
| Municipal securities |
1,624 |
|
|
(2) |
|
|
2,443 |
|
|
(18) |
|
|
4,067 |
|
|
(20) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
13,630 |
|
|
(9) |
|
|
— |
|
|
— |
|
|
13,630 |
|
|
(9) |
|
| U.S. Treasury securities |
35,771 |
|
|
(26) |
|
|
63,733 |
|
|
(387) |
|
|
99,504 |
|
|
(413) |
|
| Total |
$ |
84,965 |
|
|
$ |
(57) |
|
|
$ |
133,117 |
|
|
$ |
(688) |
|
|
$ |
218,082 |
|
|
$ |
(745) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2024 |
Less than 12 Months |
|
12 Months or Greater |
|
Total |
| (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
| Corporate debt securities |
$ |
355,882 |
|
|
$ |
(942) |
|
|
$ |
100,957 |
|
|
$ |
(1,076) |
|
|
$ |
456,839 |
|
|
$ |
(2,018) |
|
| Municipal securities |
17,364 |
|
|
(81) |
|
|
10,788 |
|
|
(116) |
|
|
28,152 |
|
|
(197) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
58,598 |
|
|
(137) |
|
|
17,197 |
|
|
(116) |
|
|
75,795 |
|
|
(253) |
|
| U.S. Treasury securities |
466,144 |
|
|
(1,040) |
|
|
166,867 |
|
|
(2,368) |
|
|
633,011 |
|
|
(3,408) |
|
| Total |
$ |
897,988 |
|
|
$ |
(2,200) |
|
|
$ |
295,809 |
|
|
$ |
(3,676) |
|
|
$ |
1,193,797 |
|
|
$ |
(5,876) |
|
|
| Schedule of Contractual Maturities of Securities |
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows:
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|
|
|
|
|
|
|
|
|
|
| As of September 30, 2024 (In thousands) |
Amortized Cost |
|
Fair Value |
| Due within one year |
$ |
1,786,826 |
|
|
$ |
1,788,386 |
|
| Due after one year through three years |
834,267 |
|
|
844,474 |
|
| Total |
$ |
2,621,093 |
|
|
$ |
2,632,860 |
|
|