| Summary 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, 2014 (In thousands) |
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
U.S. Treasury securities |
$ |
323,560 |
|
|
$ |
84 |
|
|
$ |
(140 |
) |
|
$ |
323,504 |
|
U.S. Government agency securities |
851,734 |
|
|
246 |
|
|
(708 |
) |
|
851,272 |
|
Municipal securities |
79,880 |
|
|
54 |
|
|
(66 |
) |
|
79,868 |
|
Corporate debt securities |
1,054,280 |
|
|
1,185 |
|
|
(843 |
) |
|
1,054,622 |
|
Money market and other |
451,045 |
|
|
— |
|
|
— |
|
|
451,045 |
|
Sovereign securities |
48,993 |
|
|
35 |
|
|
(19 |
) |
|
49,009 |
|
Subtotal |
2,809,492 |
|
|
1,604 |
|
|
(1,776 |
) |
|
2,809,320 |
|
Add: Time deposits(1)
|
27,830 |
|
|
— |
|
|
— |
|
|
27,830 |
|
Less: Cash equivalents |
564,344 |
|
|
— |
|
|
(3 |
) |
|
564,341 |
|
Marketable securities |
$ |
2,272,978 |
|
|
$ |
1,604 |
|
|
$ |
(1,773 |
) |
|
$ |
2,272,809 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2014 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
U.S. Treasury securities |
$ |
384,165 |
|
|
$ |
287 |
|
|
$ |
(52 |
) |
|
$ |
384,400 |
|
U.S. Government agency securities |
867,309 |
|
|
651 |
|
|
(117 |
) |
|
867,843 |
|
Municipal securities |
96,198 |
|
|
93 |
|
|
(75 |
) |
|
96,216 |
|
Corporate debt securities |
1,220,794 |
|
|
3,526 |
|
|
(152 |
) |
|
1,224,168 |
|
Money market and other |
397,517 |
|
|
— |
|
|
— |
|
|
397,517 |
|
Sovereign securities |
42,227 |
|
|
46 |
|
|
(9 |
) |
|
42,264 |
|
Subtotal |
3,008,210 |
|
|
4,603 |
|
|
(405 |
) |
|
3,012,408 |
|
Add: Time deposits(1)
|
33,509 |
|
|
— |
|
|
— |
|
|
33,509 |
|
Less: Cash equivalents |
524,149 |
|
|
— |
|
|
(8 |
) |
|
524,141 |
|
Marketable securities |
$ |
2,517,570 |
|
|
$ |
4,603 |
|
|
$ |
(397 |
) |
|
$ |
2,521,776 |
|
________________
|
|
(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 September 30, 2014 (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses(1)
|
U.S. Treasury securities |
$ |
169,353 |
|
|
$ |
(140 |
) |
U.S. Government agency securities |
449,673 |
|
|
(708 |
) |
Municipal securities |
32,441 |
|
|
(66 |
) |
Corporate debt securities |
400,740 |
|
|
(840 |
) |
Sovereign securities |
28,416 |
|
|
(19 |
) |
Total |
$ |
1,080,623 |
|
|
$ |
(1,773 |
) |
__________________
|
|
(1) |
Of the total gross unrealized losses, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for 12 months or more was immaterial.
|
|
| 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 September 30, 2014 (In thousands) |
Amortized Cost |
|
Fair Value |
Due within one year |
$ |
778,612 |
|
|
$ |
779,234 |
|
Due after one year through three years |
1,494,366 |
|
|
1,493,575 |
|
|
$ |
2,272,978 |
|
|
$ |
2,272,809 |
|
|