FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

March 31, 2022	Level 1		Level 2		Level 3		Total
Cash	$	748,324	$	—	$	—	$	748,324
Money market funds		138,161		—		—		138,161
Certificates of deposit		—		38,411		—		38,411
Commercial paper		—		290,410		—		290,410
Municipal securities		—		202,667		—		202,667
U.S. government agency securities		—		99,786		—		99,786
U.S. treasuries		—		1,280,327		—		1,280,327
Foreign currency derivatives		—		(4,483)		—		(4,483)
Total	$	886,485	$	1,907,118	$	—	$	2,793,603
Amounts included in:
Cash and cash equivalents	$	886,485	$	128,301	$	—	$	1,014,786
Short-term investments		—		1,717,648		—		1,717,648
Accounts receivable, net		—		239		—		239
Investments		—		65,652		—		65,652
Accrued liabilities		—		(4,722)		—		(4,722)
Total	$	886,485	$	1,907,118	$	—	$	2,793,603

December 31, 2021	Level 1		Level 2		Level 3		Total
Cash	$	749,089	$	—	$	—	$	749,089
Money market funds		440,826		—		—		440,826
Certificates of deposit		—		44,502		—		44,502
Commercial paper		—		335,477		—		335,477
Municipal securities		—		2,428		—		2,428
U.S. government agency securities		—		75,137		—		75,137
U.S. treasuries		—		1,528,149		—		1,528,149
Foreign currency derivatives		—		(278)		—		(278)
Total	$	1,189,915	$	1,985,415	$	—	$	3,175,330
Amounts included in:
Cash and cash equivalents	$	1,189,915	$	136,547	$	—	$	1,326,462
Short-term investments		—		1,749,727		—		1,749,727
Accounts receivable, net		—		654		—		654
Investments		—		99,419		—		99,419
Accrued liabilities		—		(932)		—		(932)
Total	$	1,189,915	$	1,985,415	$	—	$	3,175,330