| 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, 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
|
|
|
2353年
|
|
|
(2466
|
)
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
__________________
(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, 2013 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
U.S. Treasury securities
|
$
|
50,475
|
|
|
$
|
(206
|
)
|
|
U.S. Government agency securities
|
323,053
|
|
|
(1,009
|
)
|
|
Municipal securities
|
56,919
|
|
|
(302
|
)
|
|
Corporate debt securities
|
595,513
|
|
|
(2466
|
)
|
|
Sovereign securities
|
21,088
|
|
|
(19
|
)
|
|
Total
|
$
|
1,047,048
|
|
|
$
|
(4,002
|
)
|
__________________
|
|
|
(1)
|
As of
2013年6月30日
, the amount of total gross unrealized losses that had been in a continuous loss position for
12
months or more was immaterial.
|
|
| 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, 2013 (In thousands)
|
Amortized
Cost
|
|
Fair Value
|
|
Due within one year
|
$
|
457,403
|
|
|
$
|
458,051
|
|
|
Due after one year through three years
|
1,477,019
|
|
|
1,475,440
|
|
|
|
$
|
1,934,422
|
|
|
$
|
1,933,491
|
|
|