XML 63 R49.htm IDEA: XBRL DOCUMENT v3.23.3
FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Schedule of Fair Value Measurements on a Recurring Basis by Level within the Fair Value Hierarchy (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost $ 1,164,391 $ 1,735,765
Short-term investments 3,258,206 2,177,231
Long-term investments 479,727 529,974
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 1,164,391 1,735,765
Gross Unrealized Gains 396 535
Gross Unrealized Losses (9,378) (12,107)
Short-term investments 3,258,206 2,177,231
Long-term investments 479,727 529,974
Total, amortized cost 4,911,306 4,454,542
Total, estimated fair value 4,902,324 4,442,970
Fair Value, Recurring | Cash    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 522,195 321,667
Cash, estimated fair value 522,195 321,667
Short-term investments 0 0
Long-term investments 0 0
Fair Value, Recurring | Level 1:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 617,243 1,377,540
Amortized cost 3,080,366 3,238,989
Gross Unrealized Gains 59 151
Gross Unrealized Losses (6,232) (9,431)
Estimated Fair Value 3,074,193 3,229,709
Short-term investments 2,205,811 1,570,591
Long-term investments 251,139 281,578
Fair Value, Recurring | Level 2:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 24,953 36,558
Amortized cost 1,308,745 893,886
Gross Unrealized Gains 337 384
Gross Unrealized Losses (3,146) (2,676)
Estimated Fair Value 1,305,936 891,594
Short-term investments 1,052,395 606,640
Long-term investments 228,588 248,396
Fair Value, Recurring | Money market funds | Level 1:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 557,476 1,377,540
Amortized cost 557,476 1,377,540
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value 557,476 1,377,540
Short-term investments 0 0
Long-term investments 0 0
Fair Value, Recurring | U.S. Treasury securities | Level 1:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 59,767 0
Amortized cost 2,522,890 1,861,449
Gross Unrealized Gains 59 151
Gross Unrealized Losses (6,232) (9,431)
Estimated Fair Value 2,516,717 1,852,169
Short-term investments 2,205,811 1,570,591
Long-term investments 251,139 281,578
Fair Value, Recurring | U.S. government agency securities | Level 2:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 0 0
Amortized cost 45,005 43,477
Gross Unrealized Gains 0 46
Gross Unrealized Losses (26) (18)
Estimated Fair Value 44,979 43,505
Short-term investments 44,979 43,505
Long-term investments 0 0
Fair Value, Recurring | Certificates of deposit | Level 2:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 0 0
Amortized cost 144,180 174,037
Gross Unrealized Gains 49 67
Gross Unrealized Losses (107) (132)
Estimated Fair Value 144,122 173,972
Short-term investments 144,122 173,972
Long-term investments 0 0
Fair Value, Recurring | Commercial paper | Level 2:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 24,953 19,761
Amortized cost 447,969 238,224
Gross Unrealized Gains 14 63
Gross Unrealized Losses (210) (122)
Estimated Fair Value 447,773 238,165
Short-term investments 422,820 218,404
Long-term investments 0 0
Fair Value, Recurring | Corporate debt securities | Level 2:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash and cash equivalents, amortized cost 0 16,797
Amortized cost 671,591 438,148
Gross Unrealized Gains 274 208
Gross Unrealized Losses (2,803) (2,404)
Estimated Fair Value 669,062 435,952
Short-term investments 440,474 170,759
Long-term investments $ 228,588 $ 248,396