Cash, Cash Equivalents and Short-Term Investments

6 Months Ended

Jun. 30, 2020

Cash Cash Equivalents And Short Term Investments [Abstract]

Cash, Cash Equivalents and Short-Term Investments

Note 4—Cash, Cash Equivalents and Short-Term Investments

Cash, cash equivalents and short-term investments in marketable securities were as follows (in thousands):

	As of June 30, 2020
	Cash and
	Cash		Short-Term
	Equivalents		Investments		Total
Cash	$	98,070	$	—	$	98,070
Level 1:
Money market funds		318,745		—		318,745
Level 2:
Commercial paper		5,030		25,974		31,004
Corporate debt securities		—		67,117		67,117
U.S. government and agency securities		4,499		35,883		40,382
Total	$	426,344	$	128,974	$	555,318


	As of December 31, 2019
	Cash and
	Cash		Short-Term
	Equivalents		Investments		Total

Cash	$	32,123	$	—	$	32,123
Level 1:
Money market funds		45,588		—		45,588
Time deposits		35,000		—		35,000
Level 2:
Commercial paper		15,666		24,975		40,641
Corporate debt securities		—		78,998		78,998
U.S. government and agency securities		2,499		20,139		22,638
Total	$	130,876	$	124,112	$	254,988

The Company’s gross unrealized gains or losses from its short-term investments, recorded at fair value, for the periods presented within this quarterly report were immaterial.

The contractual maturities of the Company’s short-term investments are as follows (in thousands):

	June 30, 2020
Due in one year	$	108,382
Due in one to two years		20,592
Total	$	128,974