Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

v3.24.4
MARKETABLE SECURITIES (Tables)
 6 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
The amortized cost and fair value of our fixed income marketable securities as of the dates indicated below were as follows:
As of December 31, 2024 (In thousands) Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair
Value
Corporate debt securities $ 874,139  $ 3,086  $ (523) $ 876,702 
Money market funds and other 1,215,402  —  —  1,215,402 
Municipal securities 55,911  148  (41) 56,018 
U.S. Government agency securities 92,412  340  (89) 92,663 
U.S. Treasury securities 721,084  1,383  (1,352) 721,115 
Subtotal 2,958,948  4,957  (2,005) 2,961,900 
Add: Time deposits(1)
265,122  —  —  265,122 
Less: Cash equivalents 1,300,828  5  —  1,300,833 
Marketable securities(2)
$ 1,923,242  $ 4,952  $ (2,005) $ 1,926,189 
As of June 30, 2024 (In thousands) Amortized
Cost		 Gross
Unrealized
Gains		 Gross
Unrealized
Losses		 Fair
Value
Corporate debt securities $ 775,277  $ 973  $ (2,018) $ 774,232 
Money market funds and other 1,585,832  —  —  1,585,832 
Municipal securities 41,343  13  (197) 41,159 
U.S. Government agency securities 106,101  26  (253) 105,874 
U.S. Treasury securities 754,505  209  (3,408) 751,306 
Subtotal 3,263,058  1,221  (5,876) 3,258,403 
Add: Time deposits(1)
932,436  —  —  932,436 
Less: Cash equivalents 1,689,540  —  (1) 1,689,539 
Marketable securities(2)
$ 2,505,954  $ 1,221  $ (5,875) $ 2,501,300 
________________
(1) Time deposits excluded from fair value measurements.
(2) Excludes equity marketable securities.
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below.
As of December 31, 2024 Less than 12 Months 12 Months or Greater Total
(In thousands) Fair Value Gross
Unrealized
Losses		 Fair Value Gross
Unrealized
Losses		 Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 172,297  $ (410) $ 41,908  $ (113) $ 214,205  $ (523)
Municipal securities 15,675  (33) 2,453  (8) 18,128  (41)
U.S. Government agency securities 17,245  (89) —  —  17,245  (89)
U.S. Treasury securities 268,818  (1,109) 54,030  (243) 322,848  (1,352)
Total $ 474,035  $ (1,641) $ 98,391  $ (364) $ 572,426  $ (2,005)
As of June 30, 2024 Less than 12 Months 12 Months or Greater Total
(In thousands) Fair Value Gross
Unrealized
Losses		 Fair Value Gross
Unrealized
Losses		 Fair Value Gross
Unrealized
Losses
Corporate debt securities $ 355,882  $ (942) $ 100,957  $ (1,076) $ 456,839  $ (2,018)
Municipal securities 17,364  (81) 10,788  (116) 28,152  (197)
U.S. Government agency securities 58,598  (137) 17,197  (116) 75,795  (253)
U.S. Treasury securities 466,144  (1,040) 166,867  (2,368) 633,011  (3,408)
Total $ 897,988  $ (2,200) $ 295,809  $ (3,676) $ 1,193,797  $ (5,876)
Schedule of Contractual Maturities of Securities
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows:
As of December 31, 2024 (In thousands) Amortized Cost Fair Value
Due within one year $ 954,567  $ 955,495 
Due after one year through three years 968,675  970,694 
Total $ 1,923,242  $ 1,926,189