Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Jun. 30, 2022

Cash, Cash Equivalents and Restricted Cash [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash

The following table provides a summary of the amounts recorded as cash and cash equivalents, and restricted cash:

	As of
	June 30, 2022		June 30, 2021
Captions on the consolidated balance sheets:
Cash and cash equivalents	$	828,540	$	1,516,992
Restricted cash	17,470		22,984
Cash and cash equivalents, and restricted cash on the consolidated and combined statements of cash flows	$	846,010	$	1,539,976

The Company’s cash equivalents consists of money market accounts, time deposits and U.S. treasury bills of $773,902 and $1,361,730 for Fiscal Years 2022 and 2021, respectively. Cash equivalents are measured at fair value within Level I of the fair value hierarchy on a recurring basis using observable inputs that reflect quoted prices for identical assets in active markets.