| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
|
|
Significant
Other
Observable
Inputs
(Level 2)
|
|
Little or no market activity
Inputs
(Level 3)
|
|
Assets
|
|
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
|
|
Money market funds and other
|
$
|
877,527
|
|
|
$
|
877,527
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
U.S. Treasury securities
|
668,058
|
|
|
—
|
|
|
668,058
|
|
|
—
|
|
|
Marketable securities:
|
|
|
|
|
|
|
|
|
Corporate debt securities
|
500,594
|
|
|
—
|
|
|
500,594
|
|
|
—
|
|
|
Sovereign securities
|
10,919
|
|
|
—
|
|
|
10,919
|
|
|
—
|
|
|
U.S. Government agency securities
|
172,615
|
|
|
172,615
|
|
|
—
|
|
|
—
|
|
|
U.S. Treasury securities
|
211,588
|
|
|
211,588
|
|
|
—
|
|
|
—
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,441,301
|
|
|
1,261,730
|
|
|
1,179,571
|
|
|
—
|
|
|
Other current assets:
|
|
|
|
|
|
|
|
|
Derivative assets
|
1,732
|
|
|
—
|
|
|
1,732
|
|
|
—
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
181,104
|
|
|
137,301
|
|
|
43,803
|
|
|
—
|
|
|
Total financial assets
(1)
|
$
|
2,624,137
|
|
|
$
|
1,399,031
|
|
|
$
|
1,225,106
|
|
|
$
|
—
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(14,318
|
)
|
|
$
|
—
|
|
|
$
|
(14,318
|
)
|
|
$
|
—
|
|
|
Contingent consideration payable
|
(2,529
|
)
|
|
—
|
|
|
—
|
|
|
(2,529
|
)
|
|
Total financial liabilities
|
$
|
(16,847
|
)
|
|
$
|
—
|
|
|
$
|
(14,318
|
)
|
|
$
|
(2,529
|
)
|
________________
(1) Excludes cash of
$204.5 million
held in operating accounts and time deposits of
$48.3 million
as of
December 31, 2018
.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2018 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
|
Assets
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
Corporate debt securities
|
$
|
4,995
|
|
|
$
|
—
|
|
|
$
|
4,995
|
|
|
Money market funds and other
|
863,115
|
|
|
863,115
|
|
|
—
|
|
|
U.S. Government agency securities
|
7,675
|
|
|
—
|
|
|
7,675
|
|
|
U.S. Treasury securities
|
1,996
|
|
|
—
|
|
|
1,996
|
|
|
Marketable securities:
|
|
|
|
|
|
|
Corporate debt securities
|
735,408
|
|
|
—
|
|
|
735,408
|
|
|
Sovereign securities
|
17,142
|
|
|
—
|
|
|
17,142
|
|
|
U.S. Government agency securities
|
316,022
|
|
|
299,501
|
|
|
16,521
|
|
|
U.S. Treasury securities
|
405,654
|
|
|
364,574
|
|
|
41,080
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,352,007
|
|
|
1,527,190
|
|
|
824,817
|
|
|
Other current assets:
|
|
|
|
|
|
|
Derivative assets
|
5,385
|
|
|
—
|
|
|
5,385
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
197,213
|
|
|
143,580
|
|
|
53,633
|
|
|
Total financial assets
(1)
|
$
|
2,554,605
|
|
|
$
|
1,670,770
|
|
|
$
|
883,835
|
|
|
Liabilities
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(6,828
|
)
|
|
$
|
—
|
|
|
$
|
(6,828
|
)
|
|
Total financial liabilities
|
$
|
(6,828
|
)
|
|
$
|
—
|
|
|
$
|
(6,828
|
)
|
________________
(1) Excludes cash of
$473.8 million
held in operating accounts and time deposits of
$54.5 million
as of
June 30, 2018
.
|