FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2022

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

September 30, 2022	Level 1		Level 2		Level 3		Total
Cash	$	1,113,207	$	—	$	—	$	1,113,207
Money market funds		116,952		—		—		116,952
Certificates of deposit		—		20,035		—		20,035
Commercial paper		—		234,310		—		234,310
Municipal securities		—		203,159		—		203,159
U.S. government agency securities		—		99,361		—		99,361
U.S. treasuries		—		935,178		—		935,178
Foreign currency derivatives		—		(204)		—		(204)
Total	$	1,230,159	$	1,491,839	$	—	$	2,721,998
Amounts included in:
Cash and cash equivalents	$	1,230,159	$	72,889	$	—	$	1,303,048
Short-term investments		—		1,346,781		—		1,346,781
Accounts receivable, net		—		694		—		694
Investments		—		72,373		—		72,373
Accrued liabilities		—		(898)		—		(898)
Total	$	1,230,159	$	1,491,839	$	—	$	2,721,998

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