Company: PACB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001299130-25-000061
Chunk: 340

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1
Chunk 340
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 fair values of liabilities and assets, respectively. We classify our cash deposits and money market funds within Level 1 of the fair value hierarchy because they are valued using bank balances or quoted market prices. We classify our investments as Level 2 instruments based on market pricing and other observable inputs. We did not classify any of our investments within Level 3 of the fair value hierarchy.Assets and liabilities measured at fair value are classified in their entirety based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the entire fair value measurement requires management to make judgments and consider factors specific to the asset or liability. The carrying amount of our accounts receivable, prepaid expenses, other current assets, accounts payable, accrued expenses and other liabilities, current, approximate fair value due to their short maturities. 

Fiscal 2024 Form 10-K99

Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table sets forth the fair value of our financial assets and liabilities that were measured on a recurring basis:December 31, 2024December 31, 2023(in thousands)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssetsCash and cash equivalents:Cash and money market funds $55,370 $— $— $55,370 $70,172 $— $— $70,172 Commercial paper — — — — — — — — U.S. government & agency securities— — — — — 109,739 — 109,739 Total cash and cash equivalents 55,370 — — 55,370 70,172 109,739 — 179,911 Investments:Commercial paper — — — — — 9,947 — 9,947 Corporate debt securities — 46,905 — 46,905 — 88,579 — 88,579 U.S. government & agency securities— 287,656 — 287,656 — 352,979 — 352,979 Total investments — 334,561 — 334,561 — 451,505 — 451,505 Short-term restricted cash690 — — 690 300 — — 300 Long-term restricted cash1,532