Quarterly report pursuant to Section 13 or 15(d)

Cash Equivalents and Marketable Securities (Tables)

v3.23.1
Cash Equivalents and Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2023
Cash and Cash Equivalents [Abstract]  
Schedule of Cash Equivalents and Marketable Securities

Cash equivalents and marketable securities consisted of the following:

 

 

 

March 31, 2023

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

 

(in thousands)

 

Money market funds

 

$

46,137

 

 

$

-

 

 

$

-

 

 

$

46,137

 

Commercial paper

 

 

73,834

 

 

 

-

 

 

 

-

 

 

 

73,834

 

Corporate debt securities

 

 

17,876

 

 

 

-

 

 

 

(13

)

 

 

17,863

 

Asset-based securities

 

 

6,564

 

 

 

-

 

 

 

(2

)

 

 

6,562

 

U.S. government securities

 

 

94,469

 

 

 

10

 

 

 

(80

)

 

 

94,399

 

U.S. agency securities

 

 

6,763

 

 

 

-

 

 

 

(13

)

 

 

6,750

 

Supranational debt securities

 

 

4,561

 

 

 

-

 

 

 

(9

)

 

 

4,552

 

Total

 

 

250,204

 

 

 

10

 

 

 

(117

)

 

 

250,097

 

Less amounts classified as cash equivalents

 

 

(61,103

)

 

 

-

 

 

 

-

 

 

 

(61,103

)

Total marketable securities

 

$

189,101

 

 

$

10

 

 

$

(117

)

 

$

188,994

 

 

 

 

December 31, 2022

 

 

 

Amortized
Cost Basis

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

 

(in thousands)

 

Money market funds

 

$

36,486

 

 

$

-

 

 

$

-

 

 

$

36,486

 

Commercial paper

 

 

87,140

 

 

 

-

 

 

 

-

 

 

 

87,140

 

Corporate debt securities

 

 

36,554

 

 

 

2

 

 

 

(127

)

 

 

36,429

 

Asset-based securities

 

 

14,026

 

 

 

-

 

 

 

(10

)

 

 

14,016

 

U.S. government securities

 

 

91,619

 

 

 

8

 

 

 

(376

)

 

 

91,251

 

U.S. agency securities

 

 

16,646

 

 

 

-

 

 

 

(39

)

 

 

16,607

 

Supranational debt securities

 

 

16,555

 

 

 

-

 

 

 

(74

)

 

 

16,481

 

Total

 

 

299,026

 

 

 

10

 

 

 

(626

)

 

 

298,410

 

Less amounts classified as cash equivalents

 

 

(43,318

)

 

 

(2

)

 

 

-

 

 

 

(43,320

)

Total marketable securities

 

$

255,708

 

 

$

8

 

 

$

(626

)

 

$

255,090