Current report filing

Revisions to Previously Issued Quarterly Financial Statements (Tables)

v3.22.0.1
Revisions to Previously Issued Quarterly Financial Statements (Tables)
9 Months Ended
Sep. 30, 2021
Revisions to Previously Issued Quarterly Financial Statements  
Summary of impact of changes to previously reported Consolidated Balance Sheets and Consolidated Statement of Cash Flows

The impact of these changes to our previously reported Consolidated Balance Sheets and Consolidated Statements of Cash Flows as of and for the three, six and nine month periods ended March 31, 2021, June 30, 2021 and September 30, 2021, respectively, is as follows (in thousands):

As of March 31, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Current assets

 

  

 

  

 

  

Cash and cash equivalents

$

3,508,033

$

(205,000)

$

3,303,033

Short-term investments

 

 

205,000

 

205,000

Three months ended March 31, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Cash flows from investing activities

 

  

 

  

 

  

Purchases of short-term investments

$

$

(205,000)

$

(205,000)

Net cash used in investing activities

 

(138,266)

 

(205,000)

 

(343,266)

Net increase (decrease) in cash and cash equivalents

 

207,551

 

(205,000)

 

2,551

Cash and cash equivalents at end of period

 

3,508,033

 

(205,000)

 

3,303,033

As of June 30, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Current assets

 

  

 

  

 

  

Cash and cash equivalents

$

2,750,140

$

(385,000)

$

2,365,140

Short-term investments

 

 

385,000

 

385,000

Six months ended June 30, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Cash flows from investing activities

 

  

 

  

 

  

Purchases of short-term investments

$

$

(385,000)

$

(385,000)

Net cash used in investing activities

 

(315,215)

 

(385,000)

 

(700,215)

Net increase (decrease) in cash and cash equivalents

 

(550,342)

 

(385,000)

 

(935,342)

Cash and cash equivalents at end of period

 

2,750,140

 

(385,000)

 

2,365,140

As of September 30, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Current assets

 

  

 

  

 

  

Cash and cash equivalents

$

1,934,816

$

(565,000)

$

1,369,816

Short-term investments

 

 

565,000

 

565,000

    

Nine months ended September 30, 2021

Previously

As

    

Reported

    

Adjustments

    

Revised

Cash flows from investing activities

 

  

 

  

 

  

Purchases of short-term investments

$

$

(770,000)

$

(770,000)

Proceeds from maturities of short-term investments

 

 

205,000

 

205,000

Net cash used in investing activities

 

(542,971)

 

(565,000)

 

(1,107,971)

Net increase (decrease) in cash and cash equivalents

 

(1,365,666)

 

(565,000)

 

(1,930,666)

Cash and cash equivalents at end of period

 

1,934,816

 

(565,000)

 

1,369,816