| Summary of Marketable Securities |
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2014 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
302,408
|
|
|
$
|
112
|
|
|
$
|
(95
|
)
|
|
$
|
302,425
|
|
|
U.S. Government agency securities
|
797,451
|
|
|
656
|
|
|
(464
|
)
|
|
797,643
|
|
|
Municipal securities
|
101,846
|
|
|
120
|
|
|
(72
|
)
|
|
101,894
|
|
|
Corporate debt securities
|
1,178,548
|
|
|
3025年
|
|
|
(321
|
)
|
|
1,181,252
|
|
|
Money market and other
|
463,828
|
|
|
—
|
|
|
—
|
|
|
463,828
|
|
|
Sovereign securities
|
62,261
|
|
|
38
|
|
|
(17
|
)
|
|
62,282
|
|
|
Subtotal
|
2,906,342
|
|
|
3,951
|
|
|
(969
|
)
|
|
2,909,324
|
|
|
Add: Time deposits
(1)
|
31,011
|
|
|
—
|
|
|
—
|
|
|
31,011
|
|
|
Less: Cash equivalents
|
689,740
|
|
|
—
|
|
|
(6
|
)
|
|
689,734
|
|
|
Marketable securities
|
$
|
2,247,613
|
|
|
$
|
3,951
|
|
|
$
|
(963
|
)
|
|
$
|
2,250,601
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2013 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
93,940
|
|
|
$
|
53
|
|
|
$
|
(206
|
)
|
|
$
|
93,787
|
|
|
U.S. Government agency securities
|
598,471
|
|
|
569
|
|
|
(1,009
|
)
|
|
598,031
|
|
|
Municipal securities
|
103,686
|
|
|
71
|
|
|
(302
|
)
|
|
103,455
|
|
|
Corporate debt securities
|
1,103,438
|
|
|
2,353
|
|
|
(2,466
|
)
|
|
1,103,325
|
|
|
Money market and other
|
817,608
|
|
|
—
|
|
|
—
|
|
|
817,608
|
|
|
Sovereign securities
|
33,799
|
|
|
25
|
|
|
(19
|
)
|
|
33,805
|
|
|
Subtotal
|
2,750,942
|
|
|
3,071
|
|
|
(4,002
|
)
|
|
2,750,011
|
|
|
Add: Time deposits
(1)
|
43,413
|
|
|
—
|
|
|
—
|
|
|
43,413
|
|
|
Less: Cash equivalents
|
859,933
|
|
|
—
|
|
|
—
|
|
|
859,933
|
|
|
Marketable securities
|
$
|
1,934,422
|
|
|
$
|
3,071
|
|
|
$
|
(4,002
|
)
|
|
$
|
1,933,491
|
|
________________
|
|
|
(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 March 31, 2014 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
U.S. Treasury securities
|
$
|
61,901
|
|
|
$
|
(93
|
)
|
|
U.S. Government agency securities
|
229,366
|
|
|
(464
|
)
|
|
Municipal securities
|
36,699
|
|
|
(72
|
)
|
|
Corporate debt securities
|
217,279
|
|
|
(318
|
)
|
|
Sovereign securities
|
31,455
|
|
|
(16
|
)
|
|
Total
|
$
|
576,700
|
|
|
$
|
(963
|
)
|
__________________
|
|
|
(1)
|
Of the total gross unrealized losses, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for
12
months or more was immaterial.
|
|
| Contractual Maturities of Securities |
的contractual maturities of securities classified as available-for-sale, regardless of their classification on the Company's Condensed Consolidated Balance Sheet, as of the date indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
As of March 31, 2014 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
725,478
|
|
|
$
|
726,799
|
|
|
Due after one year through three years
|
1,522,135
|
|
|
1,523,802
|
|
|
|
$
|
2,247,613
|
|
|
$
|
2,250,601
|
|
|