| 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):
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
4. CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
The Company’s cash equivalents and short-term investments are invested in the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
Amortized Cost |
|
Unrealized Gains |
|
Unrealized Losses |
|
Fair Value |
Repurchase agreements |
|
$ |
25,001 |
|
$ |
— |
|
$ |
— |
|
$ |
25,001 |
Money market funds |
|
|
40,454 |
|
|
— |
|
|
— |
|
|
40,454 |
Total cash equivalents |
|
|
65,455 |
|
|
— |
|
|
— |
|
|
65,455 |
Asset‑backed securities |
|
|
16,786 |
|
|
20 |
|
|
— |
|
|
16,806 |
Commercial paper |
|
|
19,938 |
|
|
— |
|
|
— |
|
|
19,938 |
Corporate bonds |
|
|
47,955 |
|
|
55 |
|
|
— |
|
|
48,010 |
Total short-term investments |
|
|
84,679 |
|
|
75 |
|
|
— |
|
|
84,754 |
Total cash equivalents and short-term investments |
|
$ |
150,134 |
|
$ |
75 |
|
$ |
— |
|
$ |
150,209 |
|