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v3.22.2.2

Investments (Tables) | 12 Months Ended
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Jun. 30, 2022
Investments, All Other Investments [Abstract] |
Marketable Securities | Marketable securities include certain investments classified as cash and cash equivalents and securities available for sale, at fair value, and consist of the following as of each date presented within the consolidated balance sheets (in thousands):
|  | June 30, 2022 |  | June 30, 2021
Cash and cash equivalents: |  |  |  |
Money market funds |  | $ | 162,483 |  |  | $ | 143,241 |
Certificates of deposit |  | 16,026 |  |  | — |
Commercial paper |  | 229,272 |  |  | — |
Government bonds |  |  |  |
US |  | 58,541 |  |  | — |
Securities, available for sale: |  |  |  |
Certificates of deposit |  | 300,390 |  |  | — |
Corporate bonds |  | 368,671 |  |  | — |
Commercial paper |  | 478,293 |  |  | — |
Government bonds |  |  |  |
Non-US |  | 17,955 |  |  | — |
US |  | 378,386 |  |  | — |
Securitization notes receivable and certificates (1) |  | 51,678 |  |  | 16,170 |
Total marketable securities: |  | $ | 2,061,695 |  |  | $ | 159,411 |
(1)These securities, excluding 2022-Z1, have been pledged as collateral in connection with sale and repurchase agreements as discussed within Note 11. Debt.
Unrealized Gain (Loss) on Investments | The amortized cost, gross unrealized gains and losses, allowance for credit losses, and fair value of securities available for sale as of June 30, 2022 were as follows (in thousands):
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
Certificates of deposit (1) |  | $ | 317,331 |  |  | $ | 6 |  |  | $ | (921) |  |  | $ | — |  |  | $ | 316,416 |
Corporate bonds (1) |  | 371,907 |  |  | 7 |  |  | (3,243) |  |  | — |  |  | 368,671 |
Commercial paper (1) |  | 708,694 |  |  | 16 |  |  | (1,145) |  |  | — |  |  | 707,565 |
Government bonds |  |  |  |  |  |  |  |  |  |
Non-US |  | 18,196 |  |  | — |  |  | (241) |  |  | — |  |  | 17,955 |
US (1) |  | 438,947 |  |  | — |  |  | (2,020) |  |  | — |  |  | 436,927 |
Securitization notes receivable and certificates (2) |  | 52,180 |  |  | 178 |  |  | (659) |  |  | (21) |  |  | 51,678 |
Total securities available for sale |  | $ | 1,907,255 |  |  | $ | 207 |  |  | $ | (8,229) |  |  | $ | (21) |  |  | $ | 1,899,212 |
(1)Certificates of deposit, corporate bonds, commercial paper, and US government bonds include $303.8 million classified as cash and cash equivalents within the consolidated balance sheets. (2)These securities, excluding 2022-Z1, have been pledged as collateral in connection with sale and repurchase agreements as discussed within Note 11. Debt The amortized cost, gross unrealized gains and losses, allowance for credit losses, and fair value of securities available for sale as of June 30, 2021 were as follows (in thousands):
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
Securitization notes receivable and certificates |  | $ | 16,144 |  |  | $ | 29 |  |  | $ | — |  |  | $ | (3) |  |  | $ | 16,170 |
Total securities available for sale |  | $ | 16,144 |  |  | $ | 29 |  |  | $ | — |  |  | $ | (3) |  |  | $ | 16,170 |
Schedule of Available-for-sale Securities with Unrealized Losses | A summary of securities available for sale with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous loss position as of June 30, 2022, is as follows (in thousands):
|  | Less than or equal to 1 year |  | Greater than 1 year |  | Total
|  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Certificates of deposit |  | $ | 290,169 |  |  | $ | (921) |  |  | $ | — |  |  | $ | — |  |  | $ | 290,169 |  |  | $ | (921) |
Corporate bonds |  | 351,088 |  |  | (3,243) |  |  | — |  |  | — |  |  | 351,088 |  |  | (3,243) |
Commercial paper |  | 679,272 |  |  | (1,145) |  |  | — |  |  | — |  |  | 679,272 |  |  | (1,145) |
Government bonds |  |  |  |  |  |  |  |  |  |  |  |
Non-US |  | 17,955 |  |  | (241) |  |  | — |  |  | — |  |  | 17,955 |  |  | (241) |
US |  | 431,903 |  |  | (2,020) |  |  | — |  |  | — |  |  | 431,903 |  |  | (2,020) |
Securitization notes receivable and certificates |  | 722 |  |  | (45) |  |  | — |  |  | — |  |  | 722 |  |  | (45) |
Total securities available for sale (1) |  | $ | 1,771,109 |  |  | $ | (7,615) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,771,109 |  |  | $ | (7,615) |
(1)The number of positions with unrealized losses as of June 30, 2022 totaled 270.
Schedule of Length of Contractual Maturities of Securities Available for Sale | The length of time to contractual maturities of securities available for sale as of June 30, 2022, were as follows (in thousands):
|  | Within 1 year |  | Greater than 1 year, less than or equal to 5 years |  | Total
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Certificates of deposit |  | $ | 317,331 |  |  | $ | 316,416 |  |  | $ | — |  |  | $ | — |  |  | $ | 317,331 |  |  | $ | 316,416 |
Corporate bonds |  | 206,208 |  |  | 204,614 |  |  | 165,699 |  |  | 164,057 |  |  | 371,907 |  |  | 368,671 |
Commercial paper |  | 708,694 |  |  | 707,565 |  |  | — |  |  | — |  |  | 708,694 |  |  | 707,565 |
Government bonds |  |  |  |  |  |  |  |  |  |  |  |
Non-US |  | 11,895 |  |  | 11,813 |  |  | 6,301 |  |  | 6,142 |  |  | 18,196 |  |  | 17,955 |
US |  | 360,757 |  |  | 359,242 |  |  | 78,190 |  |  | 77,685 |  |  | 438,947 |  |  | 436,927 |
Securitization notes receivable and certificates (1) |  | — |  |  | — |  |  | 52,180 |  |  | 51,678 |  |  | 52,180 |  |  | 51,678 |
Total securities available for sale |  | $ | 1,604,885 |  |  | $ | 1,599,650 |  |  | $ | 302,370 |  |  | $ | 299,562 |  |  | $ | 1,907,255 |  |  | $ | 1,899,212 |
(1)Based on weighted average life of expected cash flows as of June 30, 2022.

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