| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table sets forth the Company’s financial assets subject to fair value measurements on a recurring basis by level within the fair value hierarchy as of September 30, 2022 and December 31, 2021 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | | | | | | | | | Reported As: | | Amortized cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Cash and cash equivalents | | Short-Term Investments | | Long-Term Investments | | Cash | $ | 238,623 | | | $ | — | | | $ | — | | | $ | 238,623 | | | $ | 238,623 | | | $ | — | | | $ | — | | | Level 1: | | | | | | | | | | | | | | | Money market funds | 933,177 | | | — | | | — | | | 933,177 | | | 933,177 | | | — | | | — | | | U.S. Treasury securities | 1,863,413 | | | 16 | | | (10,195) | | | 1,853,234 | | | — | | | 1,490,735 | | | 362,499 | | | Subtotal | 2,796,590 | | | 16 | | | (10,195) | | | 2,786,411 | | | 933,177 | | | 1,490,735 | | | 362,499 | | | Level 2: | | | | | | | | | | | | | | | Certificates of deposit | 234,614 | | | 60 | | | (248) | | | 234,426 | | | 7,999 | | | 226,427 | | | — | | | Commercial paper | 315,209 | | | 22 | | | (254) | | | 314,977 | | | 79,025 | | | 235,952 | | | — | | | Corporate debt securities | 284,146 | | | 15 | | | (2,682) | | | 281,479 | | | 5,312 | | | 124,931 | | | 151,236 | | | Subtotal | 833,969 | | | 97 | | | (3,184) | | | 830,882 | | | 92,336 | | | 587,310 | | | 151,236 | | | Total assets measured at fair value | $ | 3,869,182 | | | $ | 113 | | | $ | (13,379) | | | $ | 3,855,916 | | | $ | 1,264,136 | | | $ | 2,078,045 | | | $ | 513,735 | |
| | | | | | | December 31, 2021 | | Reported As: | | Cash and cash equivalents | | Cash | $ | 160,888 | | | Level 1: | | | Money market funds | 6,102,017 | | | Total assets measured at fair value | $ | 6,262,905 | |
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| Summary of Available-for-sale Debt Securities by Contractual Maturity |
The following table summarizes our available-for-sale securities by contractual maturity:
| | | | | | | | | | | | | September 30, 2022 | | Amortized cost | | Estimated Fair Value | | Within one year | $ | 2,082,767 | | | $ | 2,078,045 | | | After one year through three years | 522,262 | | | 513,735 | | | Total | $ | 2,605,029 | | | $ | 2,591,780 | |
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| Schedule of Reconciliation of Liabilities Measured at Fair Value on a Recurring Basis |
The following table presents a reconciliation of the contingent forward contract liability, convertible preferred stock warrant liability and common stock warrant liability measured and recorded at fair value on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | 2022 | | 2021 | | | Common Stock
Warrant Liability | | Common Stock Warrant Liability | | Fair value-beginning of period | | $ | 536,635 | | | $ | — | | | Issuance | | — | | | 812,048 | | | Change in fair value | | (140,146) | | | 24,787 | | | Fair value-end of period | | $ | 396,489 | | | $ | 836,835 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | | | 2022 | | 2021 | | | Common Stock
Warrant Liability | | Contingent Forward Contract Liability (1) | | Convertible Preferred Stock Warrant Liability (1) | | Common Stock
Warrant Liability | | Fair value-beginning of period | | $ | 1,394,808 | | | $ | — | | | $ | 2,960 | | | $ | — | | | Issuance | | — | | | 2,167,332 | | | — | | | 812,048 | | | Change in fair value | | (998,319) | | | 454,546 | | | 6,976 | | | 24,787 | | | Settlement | | — | | | (2,621,878) | | | (9,936) | | | — | | | Fair value-end of period | | $ | 396,489 | | | $ | — | | | $ | — | | | $ | 836,835 | |
(1) Convertible preferred stock warrant liability and contingent forward contract liability were fully settled during the six months ended June 30, 2021.
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