| Schedule of Cash and Cash Equivalents |
The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s condensed consolidated balance sheets to the total amount presented in the condensed consolidated statements of cash flows (in thousands):
| | | | | | | | | | December 31,
2021 | September 30,
2022 | | Cash and cash equivalents | $ | 6,067,438 | | $ | 7,523,688 | | | Cash and cash equivalents included in funds receivable and amounts held on behalf of customers | 3,645,087 | | 4,734,174 | | | Restricted cash | 14,764 | | 1,520 | | | Total cash, cash equivalents, and restricted cash presented in the condensed consolidated statements of cash flows | $ | 9,727,289 | | $ | 12,259,382 | |
The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available-for-sale debt securities aggregated by investment category (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Classification as of December 31, 2021 | |
Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | | Certificates of deposit | $ | 395,351 | | $ | — | | $ | — | | $ | 395,351 | | | | $ | 31,117 | | $ | 364,234 | | $ | — | | | Government bonds(1) | 850 | | 13 | | — | | 863 | | | | — | | 863 | | — | | | | Commercial paper | 1,156,963 | | — | | — | | 1,156,963 | | | | 163,959 | | 993,004 | | — | | | | Corporate debt securities | 917,718 | | 220 | | (3,147) | | 914,791 | | | | 41,439 | | 862,901 | | 10,451 | | | Mortgage-backed and asset-backed securities | 34,019 | | 338 | | (321) | | 34,036 | | | | — | | 34,036 | | — | | | Total | $ | 2,504,901 | | $ | 571 | | $ | (3,468) | | $ | 2,502,004 | | | | $ | 236,515 | | $ | 2,255,038 | | $ | 10,451 | | |
(1)Includes U.S. government and government agency debt securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | | Classification as of September 30, 2022 | | Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | Certificates of deposit | $ | 599,030 | | $ | — | | $ | — | | $ | 599,030 | | | | $ | 6,925 | | $ | 592,105 | | $ | — | | | Government bonds(1) | 19,638 | | — | | (158) | | 19,480 | | | | — | | 19,480 | | — | | | Commercial paper | 987,520 | | — | | — | | 987,520 | | | | 277,582 | | 709,938 | | — | | | Corporate debt securities | 776,741 | | 73 | | (10,778) | | 766,036 | | | | 10,389 | | 745,235 | | 10,412 | | | Mortgage-backed and asset-backed securities | 24,941 | | 1 | | (3,458) | | 21,484 | | | | — | | 21,484 | | — | | | Total | $ | 2,407,870 | | $ | 74 | | $ | (14,394) | | $ | 2,393,550 | | | | $ | 294,896 | | $ | 2,088,242 | | $ | 10,412 | | |
(1)Includes U.S. government and government agency debt securities
|
| Debt Securities, Available-for-sale |
The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available-for-sale debt securities aggregated by investment category (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Classification as of December 31, 2021 | |
Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | | Certificates of deposit | $ | 395,351 | | $ | — | | $ | — | | $ | 395,351 | | | | $ | 31,117 | | $ | 364,234 | | $ | — | | | Government bonds(1) | 850 | | 13 | | — | | 863 | | | | — | | 863 | | — | | | | Commercial paper | 1,156,963 | | — | | — | | 1,156,963 | | | | 163,959 | | 993,004 | | — | | | | Corporate debt securities | 917,718 | | 220 | | (3,147) | | 914,791 | | | | 41,439 | | 862,901 | | 10,451 | | | Mortgage-backed and asset-backed securities | 34,019 | | 338 | | (321) | | 34,036 | | | | — | | 34,036 | | — | | | Total | $ | 2,504,901 | | $ | 571 | | $ | (3,468) | | $ | 2,502,004 | | | | $ | 236,515 | | $ | 2,255,038 | | $ | 10,451 | | |
(1)Includes U.S. government and government agency debt securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | | Classification as of September 30, 2022 | | Amortized
Cost | Gross
Unrealized
Gains | Gross
Unrealized
Losses | Total
Estimated
Fair Value | | | Cash and
Cash
Equivalents | Marketable
Securities | Other
Assets,
Noncurrent | | Certificates of deposit | $ | 599,030 | | $ | — | | $ | — | | $ | 599,030 | | | | $ | 6,925 | | $ | 592,105 | | $ | — | | | Government bonds(1) | 19,638 | | — | | (158) | | 19,480 | | | | — | | 19,480 | | — | | | Commercial paper | 987,520 | | — | | — | | 987,520 | | | | 277,582 | | 709,938 | | — | | | Corporate debt securities | 776,741 | | 73 | | (10,778) | | 766,036 | | | | 10,389 | | 745,235 | | 10,412 | | | Mortgage-backed and asset-backed securities | 24,941 | | 1 | | (3,458) | | 21,484 | | | | — | | 21,484 | | — | | | Total | $ | 2,407,870 | | $ | 74 | | $ | (14,394) | | $ | 2,393,550 | | | | $ | 294,896 | | $ | 2,088,242 | | $ | 10,412 | | |
(1)Includes U.S. government and government agency debt securities
|
| Contractual Maturities of the Available-for-Sale Debt Securities |
The following table summarizes the contractual maturities of the Company’s available-for-sale debt securities (in thousands):
| | | | | | | | | | | | | | | September 30, 2022 | | | | | Amortized
Cost | Estimated
Fair Value | | Due within one year | | | | $ | 2,135,406 | | $ | 2,132,499 | | | Due in one year to five years | | | | 249,656 | | 241,640 | | | Due within five to ten years | | | | 20,097 | | 16,794 | | | Due beyond ten years | | | | 2,711 | | 2,617 | | | Total | | | | $ | 2,407,870 | | $ | 2,393,550 | |
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