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Cash and Investments (Tables)
 9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Condensed Consolidated Balance Sheets to the amount reported within the accompanying Condensed Consolidated Statements of Cash Flows was as follows (in thousands):
 
September 30, 2022December 31, 2021
Cash and cash equivalents$675,286 $647,169 
Restricted cash equivalents included in other long-term assets1,482 16,722 
Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows$676,768 $663,891 
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash A reconciliation of cash, cash equivalents, and restricted cash equivalents reported in the accompanying Condensed Consolidated Balance Sheets to the amount reported within the accompanying Condensed Consolidated Statements of Cash Flows was as follows (in thousands):
 
September 30, 2022December 31, 2021
Cash and cash equivalents$675,286 $647,169 
Restricted cash equivalents included in other long-term assets1,482 16,722 
Cash, cash equivalents, and restricted cash equivalents as reported in the accompanying Condensed Consolidated Statements of Cash Flows$676,768 $663,891 
Schedule of Investments by Security Type
Cash, cash equivalents, restricted cash equivalents and investments consisted of the following (in thousands):
September 30, 2022
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$874,220 $— $(364)$873,856 
Corporate bonds633,617 — (15,495)618,122 
U.S. Treasury and government-sponsored enterprises307,494 — (6,157)301,337 
Municipal bonds16,565 — (312)16,253 
Total debt securities available-for-sale1,831,896 — (22,328)1,809,568 
Cash113,492 — — 113,492 
Money market funds62,968 — — 62,968 
Certificates of deposit114,181 — — 114,181 
Total cash, cash equivalents, restricted cash equivalents and investments$2,122,537 $— $(22,328)$2,100,209 
December 31, 2021
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Debt securities available-for-sale:
Commercial paper$945,801 $42 $(2)$945,841 
Corporate bonds541,774 876 (1,672)540,978 
U.S. Treasury and government-sponsored enterprises33,965 1 (21)33,945 
Municipal bonds12,924 15 (35)12,904 
Total debt securities available-for-sale1,534,464 934 (1,730)1,533,668 
Cash135,653 — — 135,653 
Money market funds66,531 — — 66,531 
Certificates of deposit119,056 — — 119,056 
Total cash, cash equivalents, restricted cash equivalents and investments
$1,855,704 $934 $(1,730)$1,854,908 
Schedule of Fair Value and Gross Unrealized Losses of Investments Available-for-Sale in an Unrealized Loss Position The fair value and gross unrealized losses on debt securities available-for-sale in an unrealized loss position were as follows (in thousands):
September 30, 2022
Fair ValueGross Unrealized Losses
Corporate bonds$613,122 $(15,495)
U.S. Treasury and government-sponsored enterprises301,337 (6,157)
Commercial paper36,636 (364)
Municipal bonds16,073 (312)
Total$967,168 $(22,328)
December 31, 2021
Fair ValueGross Unrealized Losses
Corporate bonds$385,053 $(1,672)
Commercial paper
43,290 (2)
U.S. Treasury and government-sponsored enterprises18,962 (21)
Municipal bonds7,475 (35)
Total$454,780 $(1,730)
Schedule of Fair Value of Cash Equivalents and Investments by Contractual Maturity
The fair value of debt securities available-for-sale by contractual maturity was as follows (in thousands):
 
September 30, 2022December 31, 2021
Maturing in one year or less$1,260,834 $1,168,256 
Maturing after one year through five years548,734 365,412 
Total debt securities available-for-sale$1,809,568 $1,533,668