| Schedule of Financial Assets Measured at Fair Value on Recurring Basis |
The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of June 30, 2024 and December 31, 2023 (in thousands):
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at |
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|
|
June 30, 2024 |
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|
|
Total |
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|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Cash and cash equivalents: |
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|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
187,960 |
|
|
$ |
187,960 |
|
|
$ |
— |
|
|
$ |
— |
|
Money market funds |
|
|
139,868 |
|
|
|
139,868 |
|
|
|
— |
|
|
|
— |
|
Certificates and term deposits |
|
|
25,351 |
|
|
|
— |
|
|
|
25,351 |
|
|
|
— |
|
Commercial paper |
|
|
125,895 |
|
|
|
— |
|
|
|
125,895 |
|
|
|
— |
|
Corporate debt securities |
|
|
1,424 |
|
|
|
— |
|
|
|
1,424 |
|
|
|
— |
|
U.S. Treasury securities |
|
|
3,974 |
|
|
|
— |
|
|
|
3,974 |
|
|
|
— |
|
Marketable securities: |
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|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
|
11,874 |
|
|
|
— |
|
|
|
11,874 |
|
|
|
— |
|
Corporate debt securities |
|
|
1,011,180 |
|
|
|
— |
|
|
|
1,011,180 |
|
|
|
— |
|
Certificates and term deposits |
|
|
132,499 |
|
|
|
— |
|
|
|
132,499 |
|
|
|
— |
|
Government-sponsored enterprise securities |
|
|
242,616 |
|
|
|
— |
|
|
|
242,616 |
|
|
|
— |
|
Commercial paper |
|
|
130,194 |
|
|
|
— |
|
|
|
130,194 |
|
|
|
— |
|
Total |
|
$ |
2,012,835 |
|
|
$ |
327,828 |
|
|
$ |
1,685,007 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at |
|
|
|
December 31, 2023 |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
197,756 |
|
|
$ |
197,756 |
|
|
$ |
— |
|
|
$ |
— |
|
Money market funds |
|
|
185,990 |
|
|
|
185,990 |
|
|
|
— |
|
|
|
— |
|
U.S. Treasury securities |
|
|
5,731 |
|
|
|
— |
|
|
|
5,731 |
|
|
|
— |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
|
23,008 |
|
|
|
— |
|
|
|
23,008 |
|
|
|
— |
|
Corporate debt securities |
|
|
885,358 |
|
|
|
— |
|
|
|
885,358 |
|
|
|
— |
|
Certificates and term deposits |
|
|
47,282 |
|
|
|
— |
|
|
|
47,282 |
|
|
|
— |
|
Government-sponsored enterprise securities |
|
|
195,131 |
|
|
|
— |
|
|
|
195,131 |
|
|
|
— |
|
Commercial paper |
|
|
155,409 |
|
|
|
— |
|
|
|
155,409 |
|
|
|
— |
|
Total |
|
$ |
1,695,665 |
|
|
$ |
383,746 |
|
|
$ |
1,311,919 |
|
|
$ |
— |
|
|