| 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, 2013 (In thousands) |
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
U.S. Treasury securities |
$ |
147,198 |
|
|
$ |
100 |
|
|
$ |
(62 |
) |
|
$ |
147,236 |
|
U.S. Government agency securities |
684,400 |
|
|
754 |
|
|
(405 |
) |
|
684,749 |
|
Municipal securities |
104,743 |
|
|
60 |
|
|
(270 |
) |
|
104,533 |
|
Corporate debt securities |
1,095,912 |
|
|
2,919 |
|
|
(895 |
) |
|
1,097,936 |
|
Money market and other |
685,074 |
|
|
— |
|
|
— |
|
|
685,074 |
|
Sovereign securities |
33,198 |
|
|
18 |
|
|
(14 |
) |
|
33,202 |
|
Equity securities |
1,360 |
|
|
768 |
|
|
— |
|
|
2,128 |
|
Subtotal |
2,751,885 |
|
|
4,619 |
|
|
(1,646 |
) |
|
2,754,858 |
|
Add: Time deposits(1)
|
20,713 |
|
|
— |
|
|
— |
|
|
20,713 |
|
Less: Cash equivalents |
728,645 |
|
|
— |
|
|
— |
|
|
728,645 |
|
Marketable securities |
$ |
2,043,953 |
|
|
$ |
4,619 |
|
|
$ |
(1,646 |
) |
|
$ |
2,046,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2013 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
U.S. Treasury securities |
$ |
93,940 |
|
|
$ |
53 |
|
|
$ |
(206 |
) |
|
$ |
93,787 |
|
U.S. Government agency securities |
598,471 |
|
|
569 |
|
|
(1,009 |
) |
|
598,031 |
|
Municipal securities |
103,686 |
|
|
71 |
|
|
(302 |
) |
|
103,455 |
|
Corporate debt securities |
1,103,438 |
|
|
2,353 |
|
|
(2,466 |
) |
|
1,103,325 |
|
Money market and other |
817,608 |
|
|
— |
|
|
— |
|
|
817,608 |
|
Sovereign securities |
33,799 |
|
|
25 |
|
|
(19 |
) |
|
33,805 |
|
Subtotal |
2,750,942 |
|
|
3,071 |
|
|
(4,002 |
) |
|
2,750,011 |
|
Add: Time deposits(1)
|
43,413 |
|
|
— |
|
|
— |
|
|
43,413 |
|
Less: Cash equivalents |
859,933 |
|
|
— |
|
|
— |
|
|
859,933 |
|
Marketable securities |
$ |
1,934,422 |
|
|
$ |
3,071 |
|
|
$ |
(4,002 |
) |
|
$ |
1,933,491 |
|
________________
|
|
(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, 2013 (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses(1)
|
U.S. Treasury securities |
$ |
30,627 |
|
|
$ |
(62 |
) |
U.S. Government agency securities |
248,191 |
|
|
(405 |
) |
Municipal securities |
61,180 |
|
|
(270 |
) |
Corporate debt securities |
367,513 |
|
|
(895 |
) |
Sovereign securities |
21,127 |
|
|
(14 |
) |
Total |
$ |
728,638 |
|
|
$ |
(1,646 |
) |
__________________
|
|
(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, 2013 (In thousands) |
Amortized Cost |
|
Fair Value |
Due within one year |
$ |
478,400 |
|
|
$ |
480,079 |
|
Due after one year through three years |
1,565,553 |
|
|
1,566,847 |
|
|
$ |
2,043,953 |
|
|
$ |
2,046,926 |
|
|