Cash, Cash Equivalents, and Short-term Investments |
Note 3. 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):
|
|
September 30, 2020 |
|
|
|
Amortized
Cost |
|
|
Unrealized
Gain |
|
|
Unrealized
Loss |
|
|
Fair
Value |
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
191,279 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
191,279 |
|
Money market fund |
|
|
151,813 |
|
|
|
— |
|
|
|
— |
|
|
|
151,813 |
|
Total cash and cash equivalents |
|
$ |
343,092 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
343,092 |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury securities |
|
$ |
16,015 |
|
|
$ |
40 |
|
|
$ |
— |
|
|
$ |
16,055 |
|
Corporate bonds |
|
|
36,034 |
|
|
|
67 |
|
|
|
— |
|
|
|
36,101 |
|
Total short-term investments |
|
$ |
52,049 |
|
|
$ |
107 |
|
|
$ |
— |
|
|
$ |
52,156 |
|
|
|
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 |
|
As of September 30, 2020 and December 31, 2019, the contractual maturity for the short-term investments is less than one year. For the three and nine months ended September 30, 2020 and 2019, the Company recognized no material realized gains or losses on short-term investments.
|