| 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, 2016 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
388,085
|
|
|
$
|
731
|
|
|
$
|
(6
|
)
|
|
$
|
388,810
|
|
|
U.S. Government agency securities
|
400,255
|
|
|
509
|
|
|
(43
|
)
|
|
400,721
|
|
|
Municipal securities
|
5,443
|
|
|
2
|
|
|
—
|
|
|
5,445
|
|
|
Corporate debt securities
|
647,655
|
|
|
1,430
|
|
|
(386
|
)
|
|
648,699
|
|
|
Money market and other
|
367,659
|
|
|
—
|
|
|
—
|
|
|
367,659
|
|
|
Sovereign securities
|
43,200
|
|
|
4
|
|
|
(9
|
)
|
|
43,195
|
|
|
Subtotal
|
1,852,297
|
|
|
2,676
|
|
|
(444
|
)
|
|
1,854,529
|
|
|
Add: Time deposits
(1)
|
64,605
|
|
|
—
|
|
|
—
|
|
|
64,605
|
|
|
Less: Cash equivalents
|
603,792
|
|
|
7
|
|
|
(1
|
)
|
|
603,798
|
|
|
Marketable securities
|
$
|
1,313,110
|
|
|
$
|
2,669
|
|
|
$
|
(443
|
)
|
|
$
|
1,315,336
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2015 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
274,965
|
|
|
$
|
605
|
|
|
$
|
(15
|
)
|
|
$
|
275,555
|
|
|
U.S. Government agency securities
|
571,843
|
|
|
551
|
|
|
(126
|
)
|
|
572,268
|
|
|
Municipal securities
|
31,819
|
|
|
7
|
|
|
(10
|
)
|
|
31,816
|
|
|
Corporate debt securities
|
625,965
|
|
|
511
|
|
|
(515
|
)
|
|
625,961
|
|
|
Money market and other
|
611,385
|
|
|
—
|
|
|
—
|
|
|
611,385
|
|
|
Sovereign securities
|
57,091
|
|
|
33
|
|
|
(31
|
)
|
|
57,093
|
|
|
Subtotal
|
2,173,068
|
|
|
1,707
|
|
|
(697
|
)
|
|
2,174,078
|
|
|
Add: Time deposits
(1)
|
29,941
|
|
|
—
|
|
|
—
|
|
|
29,941
|
|
|
Less: Cash equivalents
|
654,933
|
|
|
—
|
|
|
—
|
|
|
654,933
|
|
|
Marketable securities
|
$
|
1,548,076
|
|
|
$
|
1,707
|
|
|
$
|
(697
|
)
|
|
$
|
1,549,086
|
|
________________
|
|
|
(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, 2016 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
U.S. Treasury securities
|
$
|
15,026
|
|
|
$
|
(6
|
)
|
|
U.S. Government agency securities
|
78,609
|
|
|
(42
|
)
|
|
Corporate debt securities
|
195,167
|
|
|
(386
|
)
|
|
Sovereign securities
|
20,176
|
|
|
(9
|
)
|
|
Total
|
$
|
308,978
|
|
|
$
|
(443
|
)
|
__________________
|
|
|
(1)
|
As of
March 31, 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 March 31, 2016 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
322,976
|
|
|
$
|
323,090
|
|
|
Due after one year through three years
|
990,134
|
|
|
992,246
|
|
|
|
$
|
1,313,110
|
|
|
$
|
1,315,336
|
|
|