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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of September 30, 2020 and December 31, 2019 (in thousands):

 

 

 

Fair Value Measurements at

 

 

 

September 30, 2020

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

125,713

 

 

$

125,713

 

 

$

 

 

$

 

Money market funds

 

 

896,690

 

 

 

896,690

 

 

 

 

 

 

 

Corporate debt securities

 

 

6,504

 

 

 

 

 

 

6,504

 

 

 

 

Certificates of deposit

 

 

4,012

 

 

 

 

 

 

4,012

 

 

 

 

Commercial paper

 

 

8,497

 

 

 

 

 

 

8,497

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

39,980

 

 

 

 

 

 

39,980

 

 

 

 

Corporate debt securities

 

 

182,572

 

 

 

 

 

 

182,572

 

 

 

 

Certificates of deposit

 

 

9,153

 

 

 

 

 

 

9,153

 

 

 

 

Government-sponsored enterprise securities

 

 

6,772

 

 

 

 

 

 

6,772

 

 

 

 

Commercial paper

 

 

86,097

 

 

 

 

 

 

86,097

 

 

 

 

Other non-current assets

 

 

600

 

 

 

 

 

 

 

 

 

600

 

Total

 

$

1,366,590

 

 

$

1,022,403

 

 

$

343,587

 

 

$

600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

December 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

13,998

 

 

$

13,998

 

 

 

 

 

 

 

Money market funds

 

 

929,773

 

 

 

929,773

 

 

 

 

 

 

 

Other non-current assets

 

 

600

 

 

 

 

 

 

 

 

 

600

 

Total

 

$

944,371

 

 

$

943,771

 

 

$

 

 

$

600