FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2021

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Schedule of financial assets and liabilities recorded at fair value on a recurring basis

March 31, 2021	Level 1		Level 2		Level 3		Total
Cash	$	809,464	$	—	$	—	$	809,464
Money market funds		351,514		—		—		351,514
Certificates of deposit		—		40,520		—		40,520
Commercial paper		—		166,306		—		166,306
U.S. government agency securities		—		95,794		—		95,794
U.S. treasuries		—		759,138		—		759,138
Foreign currency derivatives		—		(292)		—		(292)
Total	$	1,160,978	$	1,061,466	$	—	$	2,222,444
Amounts included in:
Cash and cash equivalents	$	1,160,978	$	17,901	$	—	$	1,178,879
Short-term investments		—		980,108		—		980,108
Accounts receivable, net		—		173		—		173
Investments		—		63,751		—		63,751
Accrued liabilities		—		(467)		—		(467)
Total	$	1,160,978	$	1,061,466	$	—	$	2,222,444

December 31, 2020	Level 1		Level 2		Level 3		Total
Cash	$	796,421	$	—	$	—	$	796,421
Money market funds		352,730		—		—		352,730
Certificates of deposit		—		23,137		—		23,137
Commercial paper		—		130,883		—		130,883
Municipal securities		—		9,083		—		9,083
U.S. government agency securities		—		91,882		—		91,882
U.S. treasuries		—		701,922		—		701,922
Foreign currency derivatives		—		(2,578)		—		(2,578)
Total	$	1,149,151	$	954,329	$	—	$	2,103,480
Amounts included in:
Cash and cash equivalents	$	1,149,151	$	31,262	$	—	$	1,180,413
Short-term investments		—		881,354		—		881,354
Accounts receivable, net		—		69		—		69
Investments		—		44,291		—		44,291
Accrued liabilities		—		(2,647)		—		(2,647)
Total	$	1,149,151	$	954,329	$	—	$	2,103,480