| Summary of Marketable Securities |
The amortized cost and fair value of marketable securities as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2013 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
168,354
|
|
|
$
|
70
|
|
|
$
|
(111
|
)
|
|
$
|
168,313
|
|
|
U.S. Government agency securities
|
751,314
|
|
|
614
|
|
|
(295
|
)
|
|
751,633
|
|
|
Municipal securities
|
107,740
|
|
|
92
|
|
|
(245
|
)
|
|
107,587
|
|
|
Corporate debt securities
|
1,166,754
|
|
|
2,967
|
|
|
(669
|
)
|
|
1,169,052
|
|
|
Money market and other
|
574,904
|
|
|
—
|
|
|
—
|
|
|
574,904
|
|
|
Sovereign securities
|
36,442
|
|
|
15
|
|
|
(18
|
)
|
|
36,439
|
|
|
Subtotal
|
2,805,508
|
|
|
3,758
|
|
|
(1,338
|
)
|
|
2,807,928
|
|
|
Add: Time deposits
(1)
|
19,942
|
|
|
—
|
|
|
—
|
|
|
19,942
|
|
|
Less: Cash equivalents
|
670,591
|
|
|
—
|
|
|
—
|
|
|
670,591
|
|
|
Marketable securities
|
$
|
2,154,859
|
|
|
$
|
3,758
|
|
|
$
|
(1,338
|
)
|
|
$
|
2,157,279
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 December 31, 2013 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
U.S. Treasury securities
|
$
|
68,423
|
|
|
$
|
(111
|
)
|
|
U.S. Government agency securities
|
249,078
|
|
|
(295
|
)
|
|
Municipal securities
|
55,784
|
|
|
(245
|
)
|
|
Corporate debt securities
|
310,332
|
|
|
(669
|
)
|
|
Sovereign securities
|
21,238
|
|
|
(18
|
)
|
|
Total
|
$
|
704,855
|
|
|
$
|
(1,338
|
)
|
__________________
|
|
|
(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 |
证券classifie的合同期限d 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 December 31, 2013 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
532,278
|
|
|
$
|
533,124
|
|
|
Due after one year through three years
|
1,622,581
|
|
|
1,624,155
|
|
|
|
$
|
2,154,859
|
|
|
$
|
2,157,279
|
|
|