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SEC Filings

10-Q
MYOKARDIA INC filed this Form 10-Q on 05/09/2019
Entire Document
 

 

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):

 

 

 

Fair Value Measurements at March 31, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

465,257

 

 

$

465,257

 

 

$

 

 

$

 

U.S. government agency obligations

 

 

98,165

 

 

 

 

 

 

98,165

 

 

 

 

Corporate securities

 

 

63,899

 

 

 

 

 

 

63,899

 

 

 

 

Total

 

$

627,321

 

 

$

465,257

 

 

$

162,064

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2018

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

245,194

 

 

$

245,194

 

 

$

 

 

$

 

U.S. government agency obligations

 

 

85,033

 

 

 

 

 

 

85,033

 

 

 

 

Corporate securities

 

 

63,679

 

 

 

 

 

 

63,679

 

 

 

 

Total

 

$

393,906

 

 

$

245,194

 

 

$

148,712

 

 

$

 

 

The following table is a summary of amortized cost, unrealized gain and loss, and fair value of the Company’s marketable securities by contractual maturities (in thousands):

 

 

 

Fair Value Measurements at March 31, 2019

 

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Cash equivalents (due within 90 days)

 

$

465,257

 

 

$

 

 

$

 

 

$

465,257

 

Short-term investments (due within one year)

 

 

92,522

 

 

 

49

 

 

 

(31

)

 

 

92,540

 

Long-term investments (due between one and two years)

 

 

69,241

 

 

 

283

 

 

 

 

 

 

69,524

 

Total

 

$

627,020

 

 

$

332

 

 

$

(31

)

 

$

627,321

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2018

 

 

 

Amortized Cost

 

 

Unrealized Gain

 

 

Unrealized Loss

 

 

Fair Value

 

Cash equivalents (due within 90 days)

 

$

245,194

 

 

$

 

 

$

 

 

$

245,194

 

Short-term investments (due within one year)

 

 

68,656

 

 

 

 

 

 

(92

)

 

 

68,564

 

Long-term investments (due between one and two years)

 

 

80,118

 

 

 

98

 

 

 

(68

)

 

 

80,148

 

Total

 

$

393,968

 

 

$

98

 

 

$

(160

)

 

$

393,906

 

 

14