| Schedule of 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 dates indicated below were presented on our Consolidated Balance Sheets as follows:
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| As of June 30, 2025 (In thousands) |
Total |
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Quoted Prices in Active Markets for Identical Assets (Level 1) |
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Significant Other Observable Inputs (Level 2) |
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| Assets |
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| Cash equivalents: |
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| Municipal securities |
$ |
6,120 |
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$ |
— |
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$ |
6,120 |
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| Corporate debt securities |
1,498 |
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— |
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1,498 |
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| Money market funds and other |
1,531,022 |
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1,531,022 |
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— |
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| U.S. Government agency securities |
9,955 |
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— |
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9,955 |
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| U.S. Treasury securities |
9,981 |
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— |
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9,981 |
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| Marketable securities: |
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| Corporate debt securities |
960,148 |
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— |
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960,148 |
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| Municipal securities |
51,453 |
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— |
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51,453 |
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| U.S. Government agency securities |
106,881 |
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106,881 |
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— |
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| U.S. Treasury securities |
877,578 |
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802,682 |
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74,896 |
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Equity securities |
23,962 |
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23,962 |
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— |
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Total cash equivalents and marketable securities(1)
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3,578,598 |
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2,464,547 |
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1,114,051 |
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| Other current assets: |
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| Derivative assets |
59,503 |
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— |
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59,503 |
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| Other non-current assets: |
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| EDSP |
349,530 |
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336,090 |
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13,440 |
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Total financial assets(1)
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$ |
3,987,631 |
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$ |
2,800,637 |
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$ |
1,186,994 |
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| Liabilities |
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| Derivative liabilities |
$ |
(28,615) |
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$ |
— |
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$ |
(28,615) |
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| Total financial liabilities |
$ |
(28,615) |
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$ |
— |
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$ |
(28,615) |
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__________________
(1)Excludes cash of $437.8 million held in operating accounts and time deposits of $478.2 million (of which $82.5 million were cash equivalents) as of June 30, 2025.
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| As of June 30, 2024 (In thousands) |
Total |
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Quoted Prices in Active Markets for Identical Assets (Level 1) |
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Significant Other Observable Inputs (Level 2) |
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| Assets |
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| Cash equivalents: |
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| Corporate debt securities |
$ |
2,312 |
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$ |
— |
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$ |
2,312 |
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| Money market funds and other |
1,585,832 |
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1,585,832 |
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— |
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| U.S. Treasury securities |
35,158 |
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— |
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35,158 |
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| Marketable securities: |
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| Corporate debt securities |
771,920 |
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— |
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771,920 |
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| Municipal securities |
41,159 |
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— |
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41,159 |
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| U.S. Government agency securities |
105,874 |
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105,874 |
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— |
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| U.S. Treasury securities |
716,148 |
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476,230 |
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239,918 |
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Equity securities |
25,566 |
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25,566 |
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— |
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Total cash equivalents and marketable securities(1)
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3,283,969 |
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2,193,502 |
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1,090,467 |
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| Other current assets: |
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| Derivative assets |
36,503 |
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— |
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36,503 |
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| Other non-current assets: |
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| EDSP |
303,365 |
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272,816 |
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30,549 |
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Total financial assets(1)
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$ |
3,623,837 |
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$ |
2,466,318 |
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$ |
1,157,519 |
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| Liabilities |
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| Derivative liabilities |
$ |
(15,683) |
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$ |
— |
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$ |
(15,683) |
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| Total financial liabilities |
$ |
(15,683) |
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$ |
— |
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$ |
(15,683) |
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__________________
(1)Excludes cash of $287.6 million held in operating accounts and time deposits of $932.4 million (of which $66.2 million were cash equivalents) as of June 30, 2024.
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