v3.20.2

Investments (Tables)

6 Months Ended

Jun. 30, 2020

Debt Securities, Available-for-sale [Abstract]

Schedule of Marketable Debt Securities

The following is a summary of our available-for-sale debt securities recorded within short-term and long-term investments on the condensed consolidated balance sheets (in thousands):

			June 30, 2020
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Available-for-sale securities:
Commercial paper			$	414,613					$	521					$	(31)					$	415,103
Corporate notes and bonds			1,571,083						15,645						(493)						1,586,235
Certificates of deposit			20,077						21						—						20,098
U.S. government and agency securities			259,097						1,641						(5)						260,733
Total available-for-sale securities			$	2,264,870					$	17,828					$	(529)					$	2,282,169

			December 31, 2019
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Available-for-sale securities:
Commercial paper			$	101,416					$	83					$	(9)					$	101,490
Corporate notes and bonds			1,654,166						7,360						(196)						1,661,330
Certificates of deposit			38,007						38						—						38,045
U.S. government and agency securities			127,544						254						(14)						127,784
Total available-for-sale securities			$	1,921,133					$	7,735					$	(219)					$	1,928,649

Investments Classified by Contractual Maturity Date

The fair values of available-for-sale securities, by remaining contractual maturity, are as follows (in thousands):

			June 30, 2020
Due within 1 year			$	1,505,362
Due in 1 year through 5 years			776,807
Total			$	2,282,169

Fair Values and Gross Unrealized Losses of Available-for-Sale Securities Aggregated by Investment Category

The following table shows the fair values and the gross unrealized losses of these available-for-sale debt securities, classified by the length of time that the securities have been in a continuous unrealized loss position, and aggregated by investment types, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheets (in thousands): 

			June 30, 2020
			Less than 12 Months																		12 Months or Greater																		Total
			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
Commercial paper			$	82,317					$	(31)					$	—					$	—					$	82,317					$	(31)
Corporate notes and bonds			273,570						(493)						—						—						273,570						(493)
U.S. government and agency securities			72,843						(5)						—						—						72,843						(5)
Total			$	428,730					$	(529)					$	—					$	—					$	428,730					$	(529)

			December 31, 2019
			Less than 12 Months																		12 Months or Greater																		Total
			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
Commercial paper			$	20,752					$	(9)					$	—					$	—					$	20,752					$	(9)
Corporate notes and bonds			242,012						(181)						16,264						(15)						258,276						(196)
U.S. government and agency securities			17,806						(14)						—						—						17,806						(14)
Total			$	280,570					$	(204)					$	16,264					$	(15)					$	296,834					$	(219)

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
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