Summary of Estimated Value of Cash, Cash Equivalents and Short-term Investments |
The following tables summarize the estimated value of the Company’s cash, cash equivalents and short-term investments (in thousands):
|
|
June 30, 2020 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Fair
Value |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
206,365 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
206,365 |
|
U.S. Treasury securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Money market fund |
|
|
97,983 |
|
|
|
— |
|
|
|
— |
|
|
|
97,983 |
|
Corporate bonds |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Agency bonds |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial paper |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total cash and cash equivalents |
|
$ |
304,348 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
304,348 |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
58,018 |
|
|
$ |
188 |
|
|
$ |
— |
|
|
$ |
58,206 |
|
Corporate bonds |
|
|
47,516 |
|
|
|
212 |
|
|
|
— |
|
|
|
47,728 |
|
Agency bonds |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial paper |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total short-term investments |
|
$ |
105,534 |
|
|
$ |
400 |
|
|
$ |
— |
|
|
$ |
105,934 |
|
|
|
December 31, 2019 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Fair
Value |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
111,319 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
111,319 |
|
U.S. Treasury securities |
|
|
29,981 |
|
|
|
— |
|
|
|
— |
|
|
|
29,981 |
|
Money market fund |
|
|
5,399 |
|
|
|
— |
|
|
|
— |
|
|
|
5,399 |
|
Corporate bonds |
|
|
3,749 |
|
|
|
— |
|
|
|
— |
|
|
|
3,749 |
|
Agency bonds |
|
|
2,000 |
|
|
|
— |
|
|
|
— |
|
|
|
2,000 |
|
Commercial paper |
|
|
1,998 |
|
|
|
— |
|
|
|
— |
|
|
|
1,998 |
|
Total cash and cash equivalents |
|
$ |
154,446 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
154,446 |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
151,857 |
|
|
$ |
13 |
|
|
$ |
— |
|
|
$ |
151,870 |
|
Corporate bonds |
|
|
38,149 |
|
|
|
— |
|
|
|
(5 |
) |
|
|
38,144 |
|
Agency bonds |
|
|
11,028 |
|
|
|
— |
|
|
|
(2 |
) |
|
|
11,026 |
|
Commercial paper |
|
|
7,770 |
|
|
|
1 |
|
|
|
— |
|
|
|
7,771 |
|
Total short-term investments |
|
$ |
208,804 |
|
|
$ |
14 |
|
|
$ |
(7 |
) |
|
$ |
208,811 |
|
|