| 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, 2014 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
323,560
|
|
|
$
|
84
|
|
|
$
|
(140
|
)
|
|
$
|
323,504
|
|
|
U.S. Government agency securities
|
851,734
|
|
|
246
|
|
|
(708
|
)
|
|
851,272
|
|
|
Municipal securities
|
79,880
|
|
|
54
|
|
|
(66
|
)
|
|
79,868
|
|
|
Corporate debt securities
|
1,054,280
|
|
|
1,185
|
|
|
(843
|
)
|
|
1,054,622
|
|
|
Money market and other
|
451,045
|
|
|
—
|
|
|
—
|
|
|
451,045
|
|
|
Sovereign securities
|
48,993
|
|
|
35
|
|
|
(19
|
)
|
|
49,009
|
|
|
Subtotal
|
2,809,492
|
|
|
1,604
|
|
|
(1,776
|
)
|
|
2,809,320
|
|
|
Add: Time deposits
(1)
|
27,830
|
|
|
—
|
|
|
—
|
|
|
27,830
|
|
|
Less: Cash equivalents
|
564,344
|
|
|
—
|
|
|
(3
|
)
|
|
564,341
|
|
|
Marketable securities
|
$
|
2,272,978
|
|
|
$
|
1,604
|
|
|
$
|
(1,773
|
)
|
|
$
|
2,272,809
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2014 (In thousands)
|
Amortized
Cost
|
|
Gross
Unrealized
Gains
|
|
Gross
Unrealized
Losses
|
|
Fair
Value
|
|
U.S. Treasury securities
|
$
|
384,165
|
|
|
$
|
287
|
|
|
$
|
(52
|
)
|
|
$
|
384,400
|
|
|
U.S. Government agency securities
|
867,309
|
|
|
651
|
|
|
(117
|
)
|
|
867,843
|
|
|
Municipal securities
|
96,198
|
|
|
93
|
|
|
(75
|
)
|
|
96,216
|
|
|
Corporate debt securities
|
1,220,794
|
|
|
3,526
|
|
|
(152
|
)
|
|
1,224,168
|
|
|
Money market and other
|
397,517
|
|
|
—
|
|
|
—
|
|
|
397,517
|
|
|
Sovereign securities
|
42,227
|
|
|
46
|
|
|
(9
|
)
|
|
42,264
|
|
|
Subtotal
|
3,008,210
|
|
|
4,603
|
|
|
(405
|
)
|
|
3,012,408
|
|
|
Add: Time deposits
(1)
|
33,509
|
|
|
—
|
|
|
—
|
|
|
33,509
|
|
|
Less: Cash equivalents
|
524,149
|
|
|
—
|
|
|
(8
|
)
|
|
524,141
|
|
|
Marketable securities
|
$
|
2,517,570
|
|
|
$
|
4,603
|
|
|
$
|
(397
|
)
|
|
$
|
2,521,776
|
|
________________
|
|
|
(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, 2014 (In thousands)
|
Fair Value
|
|
Gross
Unrealized
Losses
(1)
|
|
U.S. Treasury securities
|
$
|
169,353
|
|
|
$
|
(140
|
)
|
|
U.S. Government agency securities
|
449,673
|
|
|
(708
|
)
|
|
Municipal securities
|
32,441
|
|
|
(66
|
)
|
|
Corporate debt securities
|
400,740
|
|
|
(840
|
)
|
|
Sovereign securities
|
28,416
|
|
|
(19
|
)
|
|
Total
|
$
|
1,080,623
|
|
|
$
|
(1,773
|
)
|
__________________
|
|
|
(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 |
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, 2014 (In thousands)
|
摊余成本
|
|
Fair Value
|
|
Due within one year
|
$
|
778,612
|
|
|
$
|
779,234
|
|
|
Due after one year through three years
|
1,494,366
|
|
|
1,493,575
|
|
|
|
$
|
2,272,978
|
|
|
$
|
2,272,809
|
|
|