| CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS |
4. CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
The Company’s cash equivalents and short-term investments are invested in the following (in thousands):
|
|
|
|
|
|
|
|
|
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|
June 30, 2021 |
|
Amortized Cost |
|
Unrealized Gains |
|
Unrealized Losses |
|
Fair Value |
Money market funds |
|
$ |
180,998 |
|
$ |
— |
|
$ |
— |
|
$ |
180,998 |
Total cash equivalents |
|
|
180,998 |
|
|
— |
|
|
— |
|
|
180,998 |
Commercial paper |
|
|
159,591 |
|
|
— |
|
|
— |
|
|
159,591 |
Corporate bonds |
|
|
104,758 |
|
|
9 |
|
|
(12) |
|
|
104,755 |
Government bonds |
|
|
36,736 |
|
|
1 |
|
|
(9) |
|
|
36,728 |
Asset-backed securities |
|
|
25,246 |
|
|
1 |
|
|
(3) |
|
|
25,244 |
Total short-term investments |
|
|
326,331 |
|
|
11 |
|
|
(24) |
|
|
326,318 |
Total cash equivalents and short-term investments |
|
$ |
507,329 |
|
$ |
11 |
|
$ |
(24) |
|
$ |
507,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
Amortized Cost |
|
Unrealized Gains |
|
Unrealized Losses |
|
Fair Value |
Commercial paper |
|
$ |
75,374 |
|
$ |
— |
|
$ |
— |
|
$ |
75,374 |
Money market funds |
|
|
407,512 |
|
|
— |
|
|
— |
|
|
407,512 |
Total cash equivalents |
|
|
482,886 |
|
|
— |
|
|
— |
|
|
482,886 |
U.S. Treasury securities |
|
|
19,995 |
|
|
2 |
|
|
— |
|
|
19,997 |
Commercial paper |
|
|
43,911 |
|
|
— |
|
|
— |
|
|
43,911 |
Corporate bonds |
|
|
47,970 |
|
|
— |
|
|
(11) |
|
|
47,959 |
Total short-term investments |
|
|
111,876 |
|
|
2 |
|
|
(11) |
|
|
111,867 |
Total cash equivalents and short-term investments |
|
$ |
594,762 |
|
$ |
2 |
|
$ |
(11) |
|
$ |
594,753 |
|