| Summary of Marketable Securities |
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2016 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
271,546
|
|
|
$
|
514
|
|
|
$
|
(92
|
)
|
|
$
|
271968年
|
|
|
U.S. Government agency securities
|
423,741
|
|
|
426
|
|
|
(149
|
)
|
|
424,018
|
|
|
Municipal securities
|
3,008
|
|
|
1
|
|
|
—
|
|
|
3,009
|
|
|
Corporate debt securities
|
840,857
|
|
|
1,067
|
|
|
(599
|
)
|
|
841,325
|
|
|
Money market and other
|
581,240
|
|
|
—
|
|
|
—
|
|
|
581,240
|
|
|
Sovereign securities
|
21,972
|
|
|
3
|
|
|
(4
|
)
|
|
21,971
|
|
|
Subtotal
|
2,142,364
|
|
|
2,011
|
|
|
(844
|
)
|
|
2,143,531
|
|
|
Add: Time deposits
(1)
|
30,546
|
|
|
—
|
|
|
—
|
|
|
30,546
|
|
|
Less: Cash equivalents
|
645,783
|
|
|
—
|
|
|
(2
|
)
|
|
645,781
|
|
|
Marketable securities
|
$
|
1,527,127
|
|
|
$
|
2,011
|
|
|
$
|
(842
|
)
|
|
$
|
1,528,296
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2016 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
326321年
|
|
|
$
|
1,181
|
|
|
$
|
—
|
|
|
$
|
327,502
|
|
|
U.S. Government agency securities
|
404,889
|
|
|
830
|
|
|
(14
|
)
|
|
405,705
|
|
|
Municipal securities
|
5,014
|
|
|
2
|
|
|
—
|
|
|
5,016
|
|
|
Corporate debt securities
|
676,259
|
|
|
2,372
|
|
|
(157
|
)
|
|
678,474
|
|
|
Money market and other
|
626,156
|
|
|
—
|
|
|
—
|
|
|
626,156
|
|
|
Sovereign securities
|
41,224
|
|
|
38
|
|
|
(5
|
)
|
|
41,257
|
|
|
Subtotal
|
2,079,863
|
|
|
4,423
|
|
|
(176
|
)
|
|
2,084,110
|
|
|
Add: Time deposits
(1)
|
77,131
|
|
|
—
|
|
|
—
|
|
|
77,131
|
|
|
Less: Cash equivalents
|
778,451
|
|
|
1
|
|
|
(17
|
)
|
|
778,435
|
|
|
Marketable securities
|
$
|
1,378,543
|
|
|
$
|
4,422
|
|
|
$
|
(159
|
)
|
|
$
|
1,382,806
|
|
________________
|
|
|
(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 September 30, 2016 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
Corporate debt securities
|
$
|
372,827
|
|
|
$
|
(597
|
)
|
|
U.S. Government agency securities
|
126,547
|
|
|
(149
|
)
|
|
U.S. Treasury securities
|
44,791
|
|
|
(92
|
)
|
|
Sovereign securities
|
13,036
|
|
|
(4
|
)
|
|
Municipal securities
|
2,006
|
|
|
—
|
|
|
Total
|
$
|
559,207
|
|
|
$
|
(842
|
)
|
__________________
|
|
|
(1)
|
As of
September 30, 2016
, 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 |
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 September 30, 2016 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
531,572
|
|
|
$
|
531,730
|
|
|
Due after one year through three years
|
995,555
|
|
|
996,566
|
|
|
|
$
|
1,527,127
|
|
|
$
|
1,528,296
|
|
|