Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2022, by the level within the fair value hierarchy (in thousands):

	Level 1		Level 2		Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds	$	426,413	$	—	$	426,413
Marketable securities:
U.S. treasury securities	—		26,069		26,069
Certificates of deposit and time deposits	—		10,000		10,000
Derivative financial instruments	—		70,514		70,514
Strategic investments:
Publicly traded equity securities	19,325		—		19,325
Total assets measured at fair value	$	445,738	$	106,583	$	552,321
Liabilities measured at fair value
Derivative financial instruments	$	—	$	9,537	$	9,537
Total liabilities measured at fair value	$	—	$	9,537	$	9,537

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022, by level within the fair value hierarchy (in thousands):

	Level 1		Level 2		Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds	$	555,247	$	—	$	555,247
Marketable securities:
U.S. treasury securities	—		70,294		70,294
Certificates of deposit and time deposits	—		3,000		3,000
Derivative financial instruments	—		44,052		44,052
Strategic investments:
Publicly traded equity securities	30,801		—		30,801
Total assets measured at fair value	$	586,048	$	117,346	$	703,394
Liabilities measured at fair value
Derivative financial instruments	$	—	$	24,100	$	24,100
Total liabilities measured at fair value	$	—	$	24,100	$	24,100