Cash, Cash Equivalents and Short-Term Investments

9 Months Ended

Sep. 30, 2020

Cash Cash Equivalents And Short Term Investments [Abstract]

Cash, Cash Equivalents and Short-Term Investments

Note 4—Cash, Cash Equivalents and Short-Term Investments

Cash, cash equivalents and short-term investments in marketable securities were as follows (in thousands):

	As of September 30, 2020
	Cash and
	Cash		Short-Term
	Equivalents		Investments		Total
Cash	$	135,564	$	—	$	135,564
Level 1:
Money market funds		283,606		—		283,606
Level 2:
Commercial paper		13,698		28,875		42,573
Corporate debt securities		1,503		59,173		60,676
U.S. government and agency securities		—		34,861		34,861
Total	$	434,371	$	122,909	$	557,280

	As of December 31, 2019
	Cash and
	Cash		Short-Term
	Equivalents		Investments		Total
Cash	$	32,123	$	—	$	32,123
Level 1:
Money market funds		45,588		—		45,588
Time deposits		35,000		—		35,000
Level 2:
Commercial paper		15,666		24,975		40,641
Corporate debt securities		—		78,998		78,998
U.S. government and agency securities		2,499		20,139		22,638
Total	$	130,876	$	124,112	$	254,988

The Company’s gross unrealized gains or losses from its short-term investments, recorded at fair value, for the periods presented within this quarterly report were immaterial.

The contractual maturities of the Company’s short-term investments are as follows (in thousands):

	September 30, 2020
Due in one year	$	112,360
Due in one to two years		10,549
Total	$	122,909