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Cash Equivalents and Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2021
Cash and Cash Equivalents [Abstract]  
Schedule of Fair Value and Amortized Cost of Cash Equivalents
The fair value and amortized cost of cash equivalents and marketable securities by major security type as of December 31, 2021 and 2020 are presented in the following tables (in thousands):
December 31, 2021
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Money market funds
$206,245 $— $— $206,245 
U.S. Treasury securities
290,909 (1,205)289,706 
U.S. government agency securities
93,864 (240)93,626 
Corporate debt securities
285,338 — (182)285,156 
Total cash equivalents and marketable securities
$876,356 $$(1,627)$874,733 
Classified as:Fair Value
Cash equivalents
$270,236 
Marketable securities
320,966 
Marketable securities, non-current
283,531 
Total cash equivalents and marketable securities
$874,733 
December 31, 2020
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Money market funds
$50,513 $— $— $50,513 
U.S. Treasury securities
202,674 27 — 202,701 
U.S. government agency securities
205,558 207 (1)205,764 
Corporate debt securities
211,086 34 (11)211,109 
Total cash equivalents and marketable securities
$669,831 $268 $(12)$670,087 
Classified as:Fair Value
Cash equivalents
$117,879 
Marketable securities
472,213 
Marketable securities, non-current
79,995 
Total cash equivalents and marketable securities
$670,087 
Schedule of Fair Value and Amortized Cost of Marketable Securities
The fair value and amortized cost of cash equivalents and marketable securities by major security type as of December 31, 2021 and 2020 are presented in the following tables (in thousands):
December 31, 2021
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Money market funds
$206,245 $— $— $206,245 
U.S. Treasury securities
290,909 (1,205)289,706 
U.S. government agency securities
93,864 (240)93,626 
Corporate debt securities
285,338 — (182)285,156 
Total cash equivalents and marketable securities
$876,356 $$(1,627)$874,733 
Classified as:Fair Value
Cash equivalents
$270,236 
Marketable securities
320,966 
Marketable securities, non-current
283,531 
Total cash equivalents and marketable securities
$874,733 
December 31, 2020
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Money market funds
$50,513 $— $— $50,513 
U.S. Treasury securities
202,674 27 — 202,701 
U.S. government agency securities
205,558 207 (1)205,764 
Corporate debt securities
211,086 34 (11)211,109 
Total cash equivalents and marketable securities
$669,831 $268 $(12)$670,087 
Classified as:Fair Value
Cash equivalents
$117,879 
Marketable securities
472,213 
Marketable securities, non-current
79,995 
Total cash equivalents and marketable securities
$670,087