| 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, 2018 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
Corporate debt securities
|
$
|
905,363
|
|
|
$
|
132
|
|
|
$
|
(8,414
|
)
|
|
$
|
897,081
|
|
|
Money market funds and other
|
633,752
|
|
|
—
|
|
|
—
|
|
|
633,752
|
|
|
Sovereign securities
|
17,823
|
|
|
(1
|
)
|
|
(141
|
)
|
|
17,681
|
|
|
U.S. Government agency securities
|
316,223
|
|
|
14
|
|
|
(3,100
|
)
|
|
313,137
|
|
|
U.S. Treasury securities
|
428,375
|
|
|
5
|
|
|
(3,866
|
)
|
|
424,514
|
|
|
Subtotal
|
2,301,536
|
|
|
150
|
|
|
(15,521
|
)
|
|
2,286,165
|
|
|
Add: Time deposits
(1)
|
50,658
|
|
|
—
|
|
|
—
|
|
|
50,658
|
|
|
Less: Cash equivalents
|
702,530
|
|
|
—
|
|
|
(7
|
)
|
|
702,523
|
|
|
Marketable securities
|
$
|
1,649,664
|
|
|
$
|
150
|
|
|
$
|
(15,514
|
)
|
|
$
|
1,634,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2017 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
Corporate debt securities
|
$
|
1,120,548
|
|
|
$
|
598
|
|
|
$
|
(1,951
|
)
|
|
$
|
1,119,195
|
|
|
Money market funds and other
|
616,039
|
|
|
—
|
|
|
—
|
|
|
616,039
|
|
|
Sovereign securities
|
52,621
|
|
|
—
|
|
|
(56
|
)
|
|
52,565
|
|
|
U.S. Government agency securities
|
510,553
|
|
|
62
|
|
|
(1,789
|
)
|
|
508,826
|
|
|
U.S. Treasury securities
|
374,676
|
|
|
52
|
|
|
(1,429
|
)
|
|
373,299
|
|
|
Subtotal
|
2,674,437
|
|
|
712
|
|
|
(5,225
|
)
|
|
2,669,924
|
|
|
Add: Time deposits
(1)
|
39,389
|
|
|
—
|
|
|
—
|
|
|
39,389
|
|
|
Less: Cash equivalents
|
845,639
|
|
|
—
|
|
|
(15
|
)
|
|
845,624
|
|
|
Marketable securities
|
$
|
1,868,187
|
|
|
$
|
712
|
|
|
$
|
(5,210
|
)
|
|
$
|
1,863,689
|
|
________________
|
|
|
(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, 2018 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
Corporate debt securities
|
$
|
773,988
|
|
|
$
|
(8,407
|
)
|
|
U.S. Treasury securities
|
400,675
|
|
|
(3,866
|
)
|
|
U.S. Government agency securities
|
307,473
|
|
|
(3,100
|
)
|
|
Sovereign securities
|
17,682
|
|
|
(141
|
)
|
|
Total
|
$
|
1,499,818
|
|
|
$
|
(15,514
|
)
|
__________________
|
|
|
(1)
|
As of
March 31, 2018
, the amount of total gross unrealized losses related to investments that had been in a continuous loss position for
12
months or more was
$6.3 million
.
|
|
| Contractual Maturities of Securities |
The 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, 2018 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
691,007
|
|
|
$
|
687,946
|
|
|
Due after one year through three years
|
958,657
|
|
|
946,354
|
|
|
|
$
|
1,649,664
|
|
|
$
|
1,634,300
|
|
|