| 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 date indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:
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Quoted Prices in Active Markets for Identical Assets |
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Significant Other Observable Inputs |
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Little or No Market Activity Inputs |
| As of December 31, 2022 (In thousands) |
Total |
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(Level 1) |
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(Level 2) |
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(Level 3) |
| Assets |
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| Cash equivalents: |
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| Money market funds and other |
$ |
839,867 |
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$ |
839,867 |
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|
$ |
— |
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$ |
— |
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| Marketable securities: |
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| Corporate debt securities |
484,293 |
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— |
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|
484,293 |
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— |
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| Municipal securities |
37,793 |
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— |
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|
37,793 |
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|
— |
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| Sovereign securities |
6,004 |
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— |
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|
6,004 |
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— |
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| U.S. Government agency securities |
87,522 |
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|
87,522 |
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— |
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|
— |
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| U.S. Treasury securities |
440,403 |
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|
410,713 |
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|
29,690 |
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— |
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|
|
|
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| Equity securities |
19,324 |
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|
19,324 |
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— |
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— |
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Total cash equivalents and marketable securities(1)
|
1,915,206 |
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|
1,357,426 |
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|
557,780 |
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|
— |
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| Other current assets: |
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| Derivative assets |
19,474 |
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— |
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|
19,474 |
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— |
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| Other non-current assets: |
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| Executive Deferred Savings Plan |
223,235 |
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|
176,792 |
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|
46,443 |
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— |
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Total financial assets(1)
|
$ |
2,157,915 |
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|
$ |
1,534,218 |
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|
$ |
623,697 |
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|
$ |
— |
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| Liabilities |
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|
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| Derivative liabilities |
$ |
(26,912) |
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|
$ |
— |
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|
$ |
(26,912) |
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$ |
— |
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| Contingent consideration payable |
(21,900) |
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— |
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— |
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(21,900) |
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| Total financial liabilities |
$ |
(48,812) |
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$ |
— |
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$ |
(26,912) |
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$ |
(21,900) |
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________________
(1) Excludes cash of $610.1 million held in operating accounts and time deposits of $341.0 million (of which $121.5 million were cash equivalents) as of December 31, 2022.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:
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|
Quoted Prices in Active Markets for Identical Assets |
|
Significant Other Observable Inputs |
|
Little or No Market Activity Inputs |
| As of June 30, 2022 (In thousands) |
Total |
|
(Level 1) |
|
(Level 2) |
|
(Level 3) |
| Assets |
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| Cash equivalents: |
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| Corporate debt securities |
$ |
922 |
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|
$ |
— |
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|
$ |
922 |
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|
$ |
— |
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| Money market funds and other |
948,027 |
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|
948,027 |
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— |
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— |
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| U.S. Treasury securities |
22,485 |
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— |
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|
22,485 |
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— |
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| Marketable securities: |
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| Corporate debt securities |
472,047 |
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— |
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|
472,047 |
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— |
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| Municipal securities |
60,724 |
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— |
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|
60,724 |
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— |
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| Sovereign securities |
5,990 |
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— |
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|
5,990 |
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|
— |
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| U.S. Government agency securities |
91,116 |
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|
91,116 |
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|
— |
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|
— |
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| U.S. Treasury securities |
348,026 |
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|
344,559 |
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|
3,467 |
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— |
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| Equity securities |
11,035 |
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|
11,035 |
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— |
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|
— |
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|
|
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Total cash equivalents and marketable securities(1)
|
1,960,372 |
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|
1,394,737 |
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|
565,635 |
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— |
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| Other current assets: |
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| Derivative assets |
40,311 |
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— |
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|
40,311 |
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— |
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| Other non-current assets: |
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|
|
|
|
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| Executive Deferred Savings Plan |
224,188 |
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|
176,928 |
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|
47,260 |
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|
— |
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Total financial assets(1)
|
$ |
2,224,871 |
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|
$ |
1,571,665 |
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|
$ |
653,206 |
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|
$ |
— |
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| Liabilities |
|
|
|
|
|
|
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| Derivative liabilities |
$ |
(34,315) |
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|
$ |
— |
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|
$ |
(34,315) |
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|
$ |
— |
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| Deferred payments |
(2,350) |
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|
— |
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|
— |
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|
(2,350) |
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| Contingent consideration payable |
(23,674) |
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|
— |
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|
— |
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|
(23,674) |
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|
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| Total financial liabilities |
$ |
(60,339) |
|
|
$ |
— |
|
|
$ |
(34,315) |
|
|
$ |
(26,024) |
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________________
(1) Excludes cash of $472.8 million held in operating accounts and time deposits of $274.9 million (of which $140.7 million were cash equivalents) as of June 30, 2022.
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