| Summary of Marketable Securities |
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2012 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair Value
|
|
U.S. Treasury securities
|
$
|
91,387
|
|
|
$
|
67
|
|
|
$
|
(16
|
)
|
|
$
|
91,438
|
|
|
U.S. Government agency securities
|
633,587
|
|
|
981
|
|
|
(76
|
)
|
|
634,492
|
|
|
Municipal securities
|
66,538
|
|
|
107
|
|
|
(102
|
)
|
|
66,543
|
|
|
Corporate debt securities
|
914,134
|
|
|
3,826
|
|
|
(568
|
)
|
|
917,392
|
|
|
Money market and other
|
607,038
|
|
|
—
|
|
|
—
|
|
|
607,038
|
|
|
Sovereign securities
|
29,056
|
|
|
89
|
|
|
—
|
|
|
29,145
|
|
|
Equity securities
|
10
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
Subtotal
|
2,341,750
|
|
|
5,070
|
|
|
(762
|
)
|
|
2,346,058
|
|
|
Add: Time deposits(1)
|
62,431
|
|
|
—
|
|
|
—
|
|
|
62,431
|
|
|
Less: Cash equivalents
|
625,339
|
|
|
—
|
|
|
—
|
|
|
625,339
|
|
|
Marketable securities
|
$
|
1,778,842
|
|
|
$
|
5,070
|
|
|
$
|
(762
|
)
|
|
$
|
1,783,150
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2011 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair Value
|
|
U.S. Treasury securities
|
$
|
58,754
|
|
|
$
|
165
|
|
|
$
|
(23
|
)
|
|
$
|
58896年
|
|
|
U.S. Government agency securities
|
319,375
|
|
|
931
|
|
|
(123
|
)
|
|
320,183
|
|
|
Municipal securities
|
38,688
|
|
|
275
|
|
|
(6
|
)
|
|
38,957
|
|
|
Corporate debt securities
|
870,591
|
|
|
5,162
|
|
|
(368
|
)
|
|
875,385
|
|
|
Money market and other
|
481,770
|
|
|
—
|
|
|
—
|
|
|
481,770
|
|
|
Sovereign securities
|
31,932
|
|
|
179
|
|
|
(25
|
)
|
|
32,086
|
|
|
Subtotal
|
1,801,110
|
|
|
6,712
|
|
|
(545
|
)
|
|
1,807,277
|
|
|
Add: Time deposits(1)
|
65,402
|
|
|
—
|
|
|
—
|
|
|
65,402
|
|
|
Less: Cash equivalents
|
545,475
|
|
|
—
|
|
|
(2
|
)
|
|
545,473
|
|
|
Marketable securities
|
$
|
1,321,037
|
|
|
$
|
6,712
|
|
|
$
|
(543
|
)
|
|
$
|
1327206年
|
|
__________________
(1) Time deposits excluded from fair value measurements.
|
| Investments with Gross Unrealized Losses |
The following table summarizes the fair value and gross unrealized losses of the Company's investments that were in an unrealized loss position as of the date indicated below:
|
|
|
|
|
|
|
|
|
|
As of June 30, 2012 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses(1)
|
|
U.S. Treasury securities
|
$
|
47,093
|
|
|
$
|
(16
|
)
|
|
U.S. Government agency securities
|
115,894
|
|
|
(76
|
)
|
|
Municipal securities
|
38,399
|
|
|
(102
|
)
|
|
Corporate debt securities
|
225,186
|
|
|
(568
|
)
|
|
Total
|
$
|
426,572
|
|
|
$
|
(762
|
)
|
__________________
|
|
|
(1)
|
Of the total gross unrealized losses, there were no amounts that, as of
June 30, 2012
, had been in a continuous loss position for
12
months or more.
|
|
| Contractual Maturities of Securities |
The contractual maturities of securities classified as available-for-sale, regardless of their classification on the Company's Consolidated Balance Sheet, as of the date indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
As of June 30, 2012 (In thousands)
|
Amortized
Cost
|
|
Fair Value
|
|
Due within one year
|
$
|
464,939
|
|
|
$
|
466,044
|
|
|
Due after one year through three years
|
1,313,903
|
|
|
1,317,106
|
|
|
|
$
|
1,778,842
|
|
|
$
|
1,783,150
|
|
|