Cash, Cash Equivalents and Investments

6 Months Ended

Jun. 30, 2021

Cash, Cash Equivalents and Investments [Abstract]

NOTE 5. CASH, CASH EQUIVALENTS AND INVESTMENTS

The following tables summarize our cash, cash equivalents and investments as of June 30, 2021 and December 31, 2020 (in thousands):



	As of June 30, 2021
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	263,433	$	—	$	—	$	263,433
Commercial paper		193,092		—		(7)		193,085
U.S. government & agency securities		3,276		—		—		3,276
Total cash and cash equivalents		459,801		—		(7)		459,794
Investments:
Commercial paper		173,929		23		(6)		173,946
Corporate debt securities		13,629		52		—		13,681
U.S. government & agency securities		497,020		29		(97)		496,952
Total investments		684,578		104		(103)		684,579
Total cash, cash equivalents and investments	$	1,144,379	$	104	$	(110)	$	1,144,373
Short-term restricted cash:
Cash	$	300	$	—	$	—	$	300
Long-term restricted cash:
Cash	$	3,000	$	—	$	—	$	3,000

	As of December 31, 2020
			Gross		Gross
	Amortized		unrealized		unrealized		Fair
	Cost		gains		losses		Value
Cash and cash equivalents:
Cash and money market funds	$	43,040	$	—	$	—	$	43,040
Commercial paper		32,538		—		(1)		32,537
U.S. government & agency securities		170		—		—		170
U.S. Treasury security		5,864		—		—		5,864
Total cash and cash equivalents		81,612		—		(1)		81,611
Investments:
Commercial paper		112,648		4		(8)		112,644
Corporate debt securities		17,360		96		—		17,456
U.S. government & agency securities		107,109		6		(12)		107,103
Total investments		237,117		106		(20)		237,203
Total cash, cash equivalents and investments	$	318,729	$	106	$	(21)	$	318,814
Short-term restricted cash:
Cash	$	836	$	—	$	—	$	836
Long-term restricted cash:
Cash	$	3,500	$	—	$	—	$	3,500

The following table summarizes the contractual maturities of our cash equivalents and available-for-sale investments, excluding money market funds, as of June 30, 2021 (in thousands):



	Fair Value
Due in one year or less	$	574,297
Due after one year through 5 years		306,643
Total investments	$	880,940

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations without call or prepayment penalties.