| 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, 2012 (In thousands) |
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
U.S. Treasury securities |
$ |
77,149 |
|
|
$ |
152 |
|
|
$ |
— |
|
|
$ |
77,301 |
|
U.S. Government agency securities |
653,108 |
|
|
1,385 |
|
|
(16 |
) |
|
654,477 |
|
Municipal securities |
66,685 |
|
|
124 |
|
|
(17 |
) |
|
66,792 |
|
Corporate debt securities |
1,099,330 |
|
|
6,357 |
|
|
(161 |
) |
|
1,105,526 |
|
Money market and other |
538,499 |
|
|
— |
|
|
— |
|
|
538,499 |
|
Sovereign securities |
27,497 |
|
|
95 |
|
|
(1 |
) |
|
27,591 |
|
Subtotal |
2,462,268 |
|
|
8,113 |
|
|
(195 |
) |
|
2,470,186 |
|
Add: Time deposits(1)
|
56,534 |
|
|
— |
|
|
— |
|
|
56,534 |
|
Less: Cash equivalents |
598,585 |
|
|
— |
|
|
— |
|
|
598,585 |
|
Marketable securities |
$ |
1,920,217 |
|
|
$ |
8,113 |
|
|
$ |
(195 |
) |
|
$ |
1,928,135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2012 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
U.S. Treasury securities |
$ |
91,387 |
|
|
$ |
67 |
|
|
$ |
(16 |
) |
|
$ |
91,438 |
|
U.S. Government agency securities |
633,587 |
|
|
981 |
|
|
(76 |
) |
|
634,492 |
|
Municipal securities |
66,538 |
|
|
107 |
|
|
(102 |
) |
|
66,543 |
|
Corporate debt securities |
914,134 |
|
|
3,826 |
|
|
(568 |
) |
|
917,392 |
|
Money market and other |
607,038 |
|
|
— |
|
|
— |
|
|
607,038 |
|
Sovereign securities |
29,056 |
|
|
89 |
|
|
— |
|
|
29,145 |
|
Equity securities |
10 |
|
|
— |
|
|
— |
|
|
10 |
|
Subtotal |
2,341,750 |
|
|
5,070 |
|
|
(762 |
) |
|
2,346,058 |
|
Add: Time deposits(1)
|
62,431 |
|
|
— |
|
|
— |
|
|
62,431 |
|
Less: Cash equivalents |
625,339 |
|
|
— |
|
|
— |
|
|
625,339 |
|
Marketable securities |
$ |
1,778,842 |
|
|
$ |
5,070 |
|
|
$ |
(762 |
) |
|
$ |
1,783,150 |
|
________________
|
|
(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, 2012 (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses(1)
|
U.S. Treasury securities |
$ |
2,038 |
|
|
$ |
— |
|
U.S. Government agency securities |
40,356 |
|
|
(16 |
) |
Municipal securities |
16,472 |
|
|
(17 |
) |
Corporate debt securities |
120,448 |
|
|
(161 |
) |
Sovereign securities |
3,000 |
|
|
(1 |
) |
Total |
$ |
182,314 |
|
|
$ |
(195 |
) |
__________________
|
|
(1) |
Of the total gross unrealized losses, there were no amounts that, as of September 30, 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 September 30, 2012 (In thousands) |
Amortized Cost |
|
Fair Value |
Due within one year |
$ |
457,709 |
|
|
$ |
458,759 |
|
Due after one year through three years |
1,462,508 |
|
|
1,469,376 |
|
|
$ |
1,920,217 |
|
|
$ |
1,928,135 |
|
|