XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.22.2

Cash and Cash Equivalents, and Investments and Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents and Investments | The following tables show our cash and cash equivalents, and investments’ fair value level classification, adjusted cost, unrealized gain, unrealized loss and fair value as of June 30, 2022 and December 31, 2021 (in thousands except for fair value levels):
| June 30, 2022
| Fair Value Level |  | Adjusted Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Cash |  |  | $ | 45,885 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,885 |
Money market funds | Level 1 |  | 199,003 |  |  | — |  |  | — |  |  | 199,003 |
Commercial paper | Level 2 |  | 157,234 |  |  | — |  |  | (33) |  |  | 157,201 |
Total cash and cash equivalents |  |  | $ | 402,122 |  |  | $ | — |  |  | $ | (33) |  |  | $ | 402,089 |
Short-term investments: |  |  |  |  |  |  |  |  |
Commercial paper | Level 2 |  | $ | 81,649 |  |  | $ | — |  |  | $ | (382) |  |  | $ | 81,267 |
Corporate debt securities | Level 2 |  | 831,482 |  |  | 10 |  |  | (9,889) |  |  | 821,603 |
U.S. treasury securities | Level 1 |  | 79,675 |  |  | — |  |  | (1,257) |  |  | 78,418 |
Total short-term investments |  |  | $ | 992,806 |  |  | $ | 10 |  |  | $ | (11,528) |  |  | $ | 981,288 |
Long-term investments: |  |  |  |  |  |  |  |  |
Corporate debt securities | Level 2 |  | $ | 198,816 |  |  | $ | 8 |  |  | $ | (5,582) |  |  | $ | 193,242 |
U.S. treasury securities | Level 1 |  | 74,535 |  |  | — |  |  | (2,048) |  |  | 72,487 |
Total long-term investments |  |  | $ | 273,351 |  |  | $ | 8 |  |  | $ | (7,630) |  |  | $ | 265,729 |
| December 31, 2021
| Fair Value Level |  | Adjusted Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Cash |  |  | $ | 30,324 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,324 |
Money market funds | Level 1 |  | 823,754 |  |  | — |  |  | — |  |  | 823,754 |
Total cash and cash equivalents |  |  | $ | 854,078 |  |  | $ | — |  |  | $ | — |  |  | $ | 854,078 |
Short-term investments: |  |  |  |  |  |  |  |  |
Commercial paper | Level 2 |  | $ | 124,211 |  |  | $ | 2 |  |  | $ | (33) |  |  | $ | 124,180 |
Corporate debt securities | Level 2 |  | 552,609 |  |  | 36 |  |  | (546) |  |  | 552,099 |
Agency bonds | Level 2 |  | 15,500 |  |  | 2 |  |  | — |  |  | 15,502 |
Total short-term investments |  |  | $ | 692,320 |  |  | $ | 40 |  |  | $ | (579) |  |  | $ | 691,781 |
Long-term investments: |  |  |  |  |  |  |  |  |
Corporate debt securities | Level 2 |  | $ | 724,517 |  |  | $ | — |  |  | $ | (3,277) |  |  | $ | 721,240 |
U.S. treasury securities | Level 1 |  | 24,860 |  |  | — |  |  | (107) |  |  | 24,753 |
Total long-term investments |  |  | $ | 749,377 |  |  | $ | — |  |  | $ | (3,384) |  |  | $ | 745,993 |
Schedule of Available-for-sale Securities Reconciliation | The following table shows our cash equivalents and investments' adjusted cost and fair value by contractual maturity as of June 30, 2022 (in thousands):
| Adjusted Cost |  | Fair Value
Due in 1 year or less | $ | 1,150,040 |  |  | $ | 1,138,489 |
Due in 1-2 years | 273,351 |  |  | 265,729 |
Investments not due at a single maturity date | 199,003 |  |  | 199,003 |
Total | $ | 1,622,394 |  |  | $ | 1,603,221 |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration