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FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2020
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES  
Schedule of financial assets and liabilities recorded at fair value on a recurring basis

March 31, 2020

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash

$

497,556

$

$

$

497,556

Money market funds

 

194,560

 

 

 

194,560

Certificates of deposit

1,607

1,607

Commercial paper

 

 

57,107

 

 

57,107

Variable rate demand notes

12,628

12,628

Municipal securities

 

 

106,292

 

 

106,292

U.S. government agency securities

 

 

28,931

 

 

28,931

U.S. treasuries

50,590

50,590

Foreign currency derivatives

 

 

(301)

 

 

(301)

Total

$

692,116

$

256,854

$

$

948,970

Amounts included in:

Cash and cash equivalents

$

692,116

$

9,720

$

$

701,836

Short-term investments

 

 

233,513

 

 

233,513

Accounts receivable, net

 

 

203

 

 

203

Investments

13,922

13,922

Accrued liabilities

 

 

(504)

 

 

(504)

Total

$

692,116

$

256,854

$

$

948,970

December 31, 2019

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash

$

518,178

$

$

$

518,178

Money market funds

 

191,131

 

 

 

191,131

Certificates of deposit

28,049

28,049

Commercial paper

 

 

96,867

 

 

96,867

Variable rate demand notes

 

 

21,680

 

 

21,680

Municipal securities

 

 

167,224

 

 

167,224

U.S. government agency securities

 

 

73,634

 

 

73,634

U.S. treasuries

247,162

247,162

Foreign currency derivatives

 

 

(687)

 

 

(687)

Total

$

709,309

$

633,929

$

$

1,343,238

Amounts included in:

Cash and cash equivalents

$

709,309

$

88,648

$

$

797,957

Short-term investments

 

 

533,063

 

 

533,063

Accounts receivable, net

 

 

329

 

 

329

Investments

12,905

12,905

Accrued liabilities

 

 

(1,016)

 

 

(1,016)

Total

$

709,309

$

633,929

$

$

1,343,238