| 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, 2012 (In thousands) |
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
U.S. Treasury securities |
$ |
95,693 |
|
|
$ |
140 |
|
|
$ |
(45 |
) |
|
$ |
95,788 |
|
U.S. Government agency securities |
561,286 |
|
|
777 |
|
|
(310 |
) |
|
561,753 |
|
Municipal securities |
41,623 |
|
|
150 |
|
|
(5 |
) |
|
41,768 |
|
Corporate debt securities |
868,270 |
|
|
4,366 |
|
|
(513 |
) |
|
872,123 |
|
Money market and other |
551,568 |
|
|
— |
|
|
— |
|
|
551,568 |
|
Sovereign securities |
33,789 |
|
|
110 |
|
|
(2 |
) |
|
33,897 |
|
Equity securities |
1,927 |
|
|
16 |
|
|
— |
|
|
1,943 |
|
Subtotal |
2,154,156 |
|
|
5,559 |
|
|
(875 |
) |
|
2,158,840 |
|
Add: Time deposits(1) |
69,663 |
|
|
— |
|
|
— |
|
|
69,663 |
|
Less: Cash equivalents |
622,678 |
|
|
— |
|
|
— |
|
|
622,678 |
|
Marketable securities |
$ |
1,601,141 |
|
|
$ |
5,559 |
|
|
$ |
(875 |
) |
|
$ |
1,605,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2011 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
U.S. Treasury securities |
$ |
58,754 |
|
|
$ |
165 |
|
|
$ |
(23 |
) |
|
$ |
58,896 |
|
U.S. Government agency securities |
319,375 |
|
|
931 |
|
|
(123 |
) |
|
320,183 |
|
Municipal securities |
38,688 |
|
|
275 |
|
|
(6 |
) |
|
38,957 |
|
Corporate debt securities |
870,591 |
|
|
5,162 |
|
|
(368 |
) |
|
875,385 |
|
Money market and other |
481,770 |
|
|
— |
|
|
— |
|
|
481,770 |
|
Sovereign securities |
31,932 |
|
|
179 |
|
|
(25 |
) |
|
32,086 |
|
Subtotal |
1,801,110 |
|
|
6,712 |
|
|
(545 |
) |
|
1,807,277 |
|
Add: Time deposits(1) |
65,402 |
|
|
— |
|
|
— |
|
|
65,402 |
|
Less: Cash equivalents |
545,475 |
|
|
— |
|
|
(2 |
) |
|
545,473 |
|
Marketable securities |
$ |
1,321,037 |
|
|
$ |
6,712 |
|
|
$ |
(543 |
) |
|
$ |
1,327,206 |
|
________________
|
|
(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, 2012 (In thousands) |
Fair Value |
|
Gross Unrealized Losses(1) |
U.S. Treasury securities |
$ |
39,027 |
|
|
$ |
(45 |
) |
U.S. Government agency securities |
196,537 |
|
|
(310 |
) |
Municipal securities |
6,747 |
|
|
(5 |
) |
Corporate debt securities |
230,504 |
|
|
(513 |
) |
Sovereign securities |
6,027 |
|
|
(2 |
) |
Total |
$ |
478,842 |
|
|
$ |
(875 |
) |
__________________
|
|
(1) |
Of the total gross unrealized losses, there were no amounts that, as of March 31, 2012, 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, 2012 (In thousands) |
Amortized Cost |
|
Fair Value |
Due within one year |
$ |
369,877 |
|
|
$ |
371,080 |
|
Due after one year through three years |
1,231,264 |
|
|
1,234,745 |
|
|
$ |
1,601,141 |
|
|
$ |
1,605,825 |
|
|