FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

June 30, 2022	Level 1		Level 2		Level 3		Total
Cash	$	932,538	$	—	$	—	$	932,538
Money market funds		124,879		—		—		124,879
Certificates of deposit		—		34,554		—		34,554
Commercial paper		—		220,624		—		220,624
Municipal securities		—		218,435		—		218,435
U.S. government agency securities		—		92,664		—		92,664
U.S. treasuries		—		910,256		—		910,256
Foreign currency derivatives		—		558		—		558
Total	$	1,057,417	$	1,477,091	$	—	$	2,534,508
Amounts included in:
Cash and cash equivalents	$	1,057,417	$	74,622	$	—	$	1,132,039
Short-term investments		—		1,337,792		—		1,337,792
Accounts receivable, net		—		620		—		620
Investments		—		64,119		—		64,119
Accrued liabilities		—		(62)		—		(62)
Total	$	1,057,417	$	1,477,091	$	—	$	2,534,508

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