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Yes Large Accelerated Filer Monster Beverage Corp 91000 162000 137998000 155992000 3100000 11300000 3600000 7900000 2200000 5400000 <div> <div>   10.DISTRIBUTION AGREEMENTS   In accordance with ASC No. 420 “Exit or Disposal Cost Obligations”, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. The Company incurred termination costs of $7.0 million and $19.9 million for the three-months ended March 31, 2018 and 2017, respectively. Such termination costs have been expensed in full and are included in operating expenses for the three-months ended March 31, 2018 and 2017.   In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $11.2 million and $10.0 million for the three-months ended March 31, 2018 and 2017, respectively.   <div /></div> </div> P20Y 19900000 7000000 125300000 23100000 P3Y2M12D P2Y1M6D 0 0 2365728000 1346648000 995582000 23498000 2368304000 1351780000 994161000 22363000 315000 71000 14111000 15971000 951000 -3279000 676129000 11869000 81026000 469604000 2369000 61307000 28377000 6366000 15211000 589337000 42288000 527000 441360000 2973000 74773000 18542000 6622000 2252000 1.10 6200000 8300000 34303 2 1000000 100000 2 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 70.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> March 31, 2018 </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;"> Amortizing intangibles </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;background-color: #auto;padding:0pt;"> $ </td> <td valign="top" style="width:15.48%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,350 </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;background-color: #auto;padding:0pt;"> $ </td> <td valign="top" style="width:15.50%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>71,400 </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;"> Accumulated amortization </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(29,425) </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:2.15pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,383) </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,925 </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,017 </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;"> Non-amortizing intangibles </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>994,736 </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>989,068 </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;background-color: #auto;padding:0pt;"> $ </td> <td valign="top" style="width:15.48%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,036,661 </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;background-color: #auto;padding:0pt;"> $ </td> <td valign="top" style="width:15.50%;background-color: #auto;;font-family:Times New Roman,Times,serif;font-size:11pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,034,085 </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:50.00%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:15.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:03.58%;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="top" style="width:15.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;background-color: #auto;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div> 6000 32.17 11500000 39800000 2100000

245910000

226063000

45465000

25221000

95000

208000

32607000

29044000

449476000

525463000

10645000

9758000

87475000

80893000

1579000

303000

138810000

148649000

-16659000

-841000

-15818000

-13721000

-626000

-13095000

4150628000

4170565000

13100000

13400000

3000000

3100000

8000000

700000

4791012000

4740132000

2086377000

2038548000

1202437000

423733000

778704000

15720000

99903000

112848000

529984000

81230000

3397000

49954000

112848000

15720000

99903000

529984000

81230000

3397000

49954000

1099984000

433449000

666535000

16985000

60825000

39228000

481250000

80154000

27416000

39228000

16985000

60825000

481250000

80154000

27416000

675299000

11869000

81026000

468865000

2366000

61219000

49954000

588719000

42288000

527000

440852000

2970000

74666000

27416000

1000

831000

740000

3000

88000

618000

508000

3000

107000

676129000

11869000

81026000

469604000

2369000

61307000

49954000

589337000

42288000

527000

441360000

2973000

74773000

27416000

831000

740000

3000

88000

618000

508000

3000

107000

0.18

310885000

394221000

377582000

576337000

528622000

423733000

104889000

511360000

433449000

77911000

198755000

-17262000

0.005

1250000000

629255000

629924000

566298000

562605000

3146000

3150000

179312000

218988000

0.11

0.34

0.08

0.04

0.14

0.04

0.10

0.13

170200000

377600000

372600000

11200000

261272000

335664000

-6600000

43236000

44325000

334354000

328300000

10000000

11200000

92333000

85748000

11183000

1693000

6541000

1796000

1153000

13991000

2097000

8809000

1926000

1159000

4892000

1534000

223000

1806000

2803000

1746000

33290000

20255000

61000

18000

2000

1000

13000

4000

139000

65000

1484000

177000

8000

642000

334000

126000

18000

52000

222000

95000

15000

73000

8000

3000

85000

29000

4000

83000

-5028000

-4659000

17238000

1112000

65131000

31342000

7720000

1826000

5483000

21311000

3296000

16909000

717000

2545000

3286000

76452000

3337000

2237000

5435000

P1M

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:18pt;"> <tr> <td valign="top" style="width:26.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="14" valign="bottom" style="width:69.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three-Months Ended March 31, 2018 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Net Sales </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> U.S. and Canada </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> EMEA1 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Asia Pacific </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Latin America and Caribbean </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.94%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>588,817 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.10%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>110,929 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.40%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,431 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.58%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,328 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.04%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>780,505 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;"> Strategic Brands </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,724 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,313 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,548 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,174 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,759 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;"> Other </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,657 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,657 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:11.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;"> Total Net Sales </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.94%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>633,198 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.10%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130,242 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.40%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52,979 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.22%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.58%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,502 </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.04%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.74%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,921 </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">   </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.08%;padding:0pt;">   </td> </tr> </table></div>   1Europe, Middle East and Africa (“EMEA”)   <div /></div> </div>

<div> <div>   14.STOCK-BASED COMPENSATION   The Company has two stock-based compensation plans under which shares were available for grant at March 31, 2018: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”), including the Monster Beverage Deferred Compensation Plan (the “Deferred Compensation Plan”) as a sub plan thereunder, and the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors (the “2017 Directors Plan”), including the Monster Beverage Deferred Compensation Plan for Non-Employee Directors (the “Non-Employee Director Deferral Plan”) as a sub plan thereunder.   The Company recorded $13.4 million and $13.1 million of compensation expense relating to outstanding options and restricted stock units during the three-months ended March 31, 2018 and 2017, respectively.   The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units for the three-months ended March 31, 2018 and 2017 was $2.8 million and $9.4 million, respectively.   Stock Options   Under the Company’s stock-based compensation plans, all stock options granted as of March 31, 2018 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options.   The following weighted-average assumptions were used to estimate the fair value of options granted during:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 63.00%;margin-left:18pt;"> <tr> <td valign="top" style="width:46.52%;padding:0pt;">   </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td colspan="3" valign="bottom" style="width:47.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Three-Months Ended March 31, </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.52%;padding:0pt;">   </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.52%;padding:0pt;"> Dividend yield </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.0% </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.52%;padding:0pt;"> Expected volatility </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34.9% </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36.6% </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.52%;padding:0pt;"> Risk-free interest rate </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.8% </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:14.4pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.1% </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.52%;padding:0pt;"> Expected term </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;padding:0pt;"> 6.0 years </td> <td valign="bottom" style="width:03.94%;padding:0pt;">   </td> <td valign="bottom" style="width:22.00%;padding:0pt;"> 6.1 years </td> <td valign="bottom" style="width:01.58%;padding:0pt;">   </td> </tr> </table></div>   Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option.   Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option.   Expected Term: The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns.   The following table summarizes the Company’s activities with respect to its stock option plans as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:41.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of Shares (In thousands) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Exercise Price Per Share </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Remaining Contractual Term (In years) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Aggregate Intrinsic Value </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Outstanding at January 1, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,819 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.1 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,032 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Granted 01/01/18 - 03/31/18 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,615 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58.76 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(415) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15.68 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Cancelled or forfeited </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(192) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.02 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;">   </td> <td valign="bottom" style="width:08.34%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Outstanding at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,827 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>472,160 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Vested and expected to vest in the </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> future at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,689 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.3 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>463,173 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Exercisable at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,834 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21.99 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.7 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,567 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   The weighted-average grant-date fair value of options granted during the three-months ended March 31, 2018 and 2017 was $22.82 per share and $18.00 per share, respectively. The total intrinsic value of options exercised during the three-months ended March 31, 2018 and 2017 was $18.2 million and $32.4 million, respectively.   Cash received from option exercises under all plans for the three-months ended March 31, 2018 and 2017 was approximately $6.5 million and $13.6 million, respectively.   At March 31, 2018, there was $125.3 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 3.2 years.   Restricted Stock Units   The cost of stock-based compensation for restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date.   The following table summarizes the Company’s activities with respect to non-vested restricted stock units as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 66.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:55.04%;padding:0pt;">   </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of Shares (in thousands) </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:18.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted Average Grant-Date Fair Value </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;"> Non-vested at January 1, 2018 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>530 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45.09 </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;"> Granted 01/01/18- 03/31/18 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58.75 </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;"> Vested </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(255) </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45.62 </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;"> Forfeited/cancelled </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.17 </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;">   </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;">   </td> <td valign="bottom" style="width:12.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;"> Non-vested at March 31, 2018 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>490 </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:12.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51.15 </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:55.04%;padding:0pt;">   </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:18.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:03.74%;padding:0pt;">   </td> <td valign="bottom" style="width:05.34%;padding:0pt;">   </td> <td valign="bottom" style="width:12.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.24%;padding:0pt;">   </td> </tr> </table></div>   The weighted-average grant-date fair value of restricted stock units granted during the three-months ended March 31, 2018 and 2017 was $58.75 per share and $46.27 per share, respectively. As of March 31, 2018, 0.5 million of restricted stock units are expected to vest over their respective terms.   At March 31, 2018, total unrecognized compensation expense relating to non-vested restricted stock units was $23.1 million, which is expected to be recognized over a weighted-average period of 2.1 years.   <div /></div> </div>

0.35

0.21

-764000

3945000

34996000

16829000

9400000

2800000

<div> <div>   5.FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES   Accounting Standards Codification (“ASC”) 820 provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below.   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 18.00pt;"> · </td><td style="width:0pt;"></td><td align="left" valign="top"> Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr></table></div>   ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible.   The following tables present the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="top" style="width:42.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2018 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>394,221 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>394,221 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,228 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,228 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,985 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,985 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,825 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,825 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>481,250 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>481,250 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,154 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,154 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666,535 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,099,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,911 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>511,360 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>585,222 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>585,222 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>208 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>208 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,497 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,497 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(303 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(303 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666,535 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,099,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,885 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,885 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>112,848 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>112,848 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,720 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,720 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,903 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,903 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>529,984 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>529,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,230 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,230 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,397 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,397 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,484 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,484 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>778,704 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,202,437 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,889 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>528,622 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>672,933 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>672,933 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,579 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,579 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>778,704 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,202,437 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   All of the Company’s short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy.  The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include municipal securities, commercial paper, certificates of deposit, VRDNs, U.S. Treasuries and U.S. government agency securities, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign currency exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the three-months ended March 31, 2018 or the year ended December 31, 2017, and there were no changes in the Company’s valuation techniques.   <div /></div> </div>

26383000

29425000

71400000

71350000

45017000

41925000

P7Y

P5Y

19900000

7000000

268000

187000

1331643000

693644000

637999000

1331643000

693644000

637999000

1331643000

693644000

637999000

1331643000

693644000

637999000

480874000

515257000

264920000

-57925000

279335000

42094000

1416000

281720000

-63798000

301964000

42583000

971000

0.31

0.38

0.31

0.38

66094000

15223000

86940000

65670000

-19317000

-22616000

-7441000

72699000

-5506000

-1059000

6788000

-14985000

-1862000

-4454000

-6592000

-15802000

-18350000

848000

-280000

7793000

11274000

1108000

11368000

19646000

-25601000

-52410000

10454000

8129000

989068000

994736000

1034085000

1036661000

19000

16000

176911000

184013000

255745000

268607000

78834000

84594000

675299000

11869000

81026000

468865000

2366000

61219000

28377000

6366000

15211000

588719000

42288000

527000

440852000

2970000

74666000

18542000

6622000

2252000

<div> <div>   4.INVESTMENTS   The following table summarizes the Company’s investments at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:26.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2018 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>441,360 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>440,852 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,773 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,666 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,973 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,970 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>589,337 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>588,719 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:26.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>469,604 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>740 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>468,865 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>740 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,307 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,219 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,369 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>676,129 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>831 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>675,299 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>831 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   During the three-months ended March 31, 2018 and 2017, realized gains or losses recognized on the sale of investments were not significant.   The Company’s investments at March 31, 2018 and December 31, 2017 in commercial paper, certificates of deposit, municipal securities, U.S. government agency securities and/or variable rate demand notes (“VRDNs”) carried investment grade credit ratings. VRDNs are floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest. All of the put options are secured by a pledged liquidity source. While they are classified as marketable investment securities, the put option allows the VRDNs to be liquidated at par on a same day, or more generally, on a seven-day settlement basis.   The following table summarizes the underlying contractual maturities of the Company’s investments at:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 93.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:36.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2018 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.68%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:28.70%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Less than 1 year: </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.50%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.16%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.08%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>441,360 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>440,852 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>469,604 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>468,865 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,773 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,666 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,307 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,219 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Due 1 -10 years: </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,973 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,970 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,369 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:36.92%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,622 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,622 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,366 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,366 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Due 11 - 20 years: </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,542 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,542 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,377 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,377 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Due 21 - 30 years: </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,252 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,252 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,211 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,211 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.50%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>589,337 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.16%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>588,719 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;padding:0pt;">   $ </td> <td valign="bottom" style="width:10.08%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>676,129 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;">   $ </td> <td valign="bottom" style="width:09.78%;;font-family:Tms Rmn;font-size:10.5pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>675,299 </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.92%;padding:0pt;">   </td> <td valign="bottom" style="width:02.66%;padding:0pt;">   </td> <td valign="bottom" style="width:03.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.06%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

37600000

43100000

10600000

4791012000

4740132000

560351000

534022000

9000000

15000000

2366000

3497000

56500000

P1Y

1600000

12857000

-245992000

-6302000

75874000

192964000

148911000

177980000

216050000

658000

1805000

216612000

235342000

245282000

-9940000

264262000

-58691000

279431000

42106000

1416000

279915000

-65360000

301702000

42602000

971000

16400000

<div> <div>   1.BASIS OF PRESENTATION   Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2017 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”).   The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting.  They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP.  The information set forth in these interim condensed consolidated financial statements for the three-months ended March 31, 2018 and 2017, respectively, is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading.  Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year.   The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.  Actual results could differ from these estimates.   <div /></div> </div>

13932000

12836000

131000

215000

1201000

2723000

2938000

215000

2723000

2938000

215000

2723000

1332000

2938000

131000

215000

8800000

9900000

8200000

10900000

1095000

2203000

52000

1549000

64000

251950000

2000000

58314000

247421000

19093000

13049000

40877000

61639000

138724000

86257000

13621000

6501000

71553000

334216000

452000

3397000

13600000

6500000

12300000

12400000

177980000

216050000

369086000

107374000

148434000

6461000

47373000

3109000

14506000

3650000

38179000

379848000

110978000

156626000

6397000

44260000

3281000

15191000

3593000

39522000

230276000

231199000

200000

800000

5900000

2900000

700000

543000

2928226000

3137691000

6600000

850921000

34502000

780505000

65759000

633198000

4657000

52979000

860861000

-9940000

130242000

33328000

588817000

47431000

110929000

1174000

39724000

5548000

19313000

4657000

255800000

35000000

742146000

190900000

668571000

68036000

5539000

850921000

242100000

780505000

65759000

4657000

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:46.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Currency Translation Losses </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Unrealized (Gains) Losses on Available-for- Sale Securities </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;"> Balance at December 31, 2017 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.66%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,818 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.68%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>841 </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.36%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,659 </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;"> Other comprehensive loss (gain) before reclassifications </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,723) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(215) </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,938) </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;"> Amounts reclassified from accumulated other comprehensive loss (gain) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;"> Net current-period other comprehensive loss (gain) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,723) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(215) </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,938) </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;"> Balance at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.66%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,095 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;padding:0pt;"> $ </td> <td valign="bottom" style="width:11.68%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>626 </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.36%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,721 </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:05.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:46.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:15.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:16.84%;padding:0pt;">   </td> <td valign="bottom" style="width:02.26%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:13.50%;padding:0pt;">   </td> <td valign="bottom" style="width:00.90%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="top" style="width:42.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2018 </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>394,221 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>394,221 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,228 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,228 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,985 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,985 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,825 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,825 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>481,250 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>481,250 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,154 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,154 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666,535 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,099,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,911 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>511,360 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>585,222 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>585,222 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>208 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>208 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,497 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,497 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(303 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(303 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>433,449 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>666,535 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,099,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 2 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Level 3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> Total </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,885 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>310,885 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Money market funds </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>112,848 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>112,848 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,720 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,720 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,903 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,903 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>529,984 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>529,984 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,230 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,230 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> U.S. Treasuries </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,397 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,397 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Foreign currency derivatives </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,484 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,484 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>778,704 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,202,437 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Amounts included in: </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Cash and cash equivalents </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,889 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>528,622 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Short-term investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>672,933 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>672,933 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accounts receivable, net </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Investments </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Accrued liabilities </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,579 </td> <td valign="bottom" style="width:02.00%;"> ) </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,579 </td> <td valign="bottom" style="width:01.00%;"> ) </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;padding:0pt;">   $ </td> <td valign="bottom" style="width:08.84%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>423,733 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>778,704 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.88%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,202,437 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:42.50%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:10.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 70.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;"> March 31, </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Goodwill and other intangible assets: </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;padding:0pt;">    $ </td> <td valign="top" style="width:14.78%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,351,780 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;padding:0pt;">    $ </td> <td valign="top" style="width:14.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,346,648 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>994,161 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>995,582 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Other </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,363 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,498 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;"> - </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;padding:0pt;">    $ </td> <td valign="top" style="width:14.78%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,368,304 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;padding:0pt;">    $ </td> <td valign="top" style="width:14.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,365,728 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:41.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Options </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Number of Shares (In thousands) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Exercise Price Per Share </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Weighted- Average Remaining Contractual Term (In years) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Aggregate Intrinsic Value </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Outstanding at January 1, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,819 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.1 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>600,032 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Granted 01/01/18 - 03/31/18 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,615 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58.76 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(415) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15.68 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Cancelled or forfeited </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(192) </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43.02 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;">   </td> <td valign="bottom" style="width:08.34%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Outstanding at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,827 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>472,160 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Vested and expected to vest in the </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> future at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,689 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.62 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.3 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>463,173 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:41.00%;padding:0pt;"> Exercisable at March 31, 2018 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,834 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.66%;padding:0pt;"> $ </td> <td valign="bottom" style="width:08.34%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21.99 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:12.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.7 </td> <td valign="bottom" style="width:02.50%;padding:0pt;">   </td> <td valign="bottom" style="width:03.00%;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,567 </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

<div> <div>   17.SEGMENT INFORMATION   The Company currently has three operating and reportable segments, (i) Monster Energy® Drinks segment, which is comprised of the Company’s Monster Energy® drinks, Monster Hydro® energy drinks and Mutant® Super Soda drinks, (ii) Strategic Brands segment, which is comprised of the various energy drink brands acquired from TCCC in 2015, and (iii) Other segment, which is comprised of certain products sold by American Fruits & Flavors LLC, a wholly-owned subsidiary of the Company, to independent third-party customers.   The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers and the military.   The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, drug stores and the military. To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.   Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margins than the Strategic Brands segment.   Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided for in the Company’s reportable segments as management does not measure or allocate such assets on a segment basis.   The net revenues derived from the Company’s reportable segments and other financial information related thereto for the three-months ended March 31, 2018 and 2017 are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;"> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;padding:0pt;"> Three-Months Ended </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Net sales: </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Monster Energy® Drinks(1) </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.08%;padding:0pt;">    $ </td> <td valign="top" style="width:14.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>780,505 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:04.86%;padding:0pt;">    $ </td> <td valign="top" style="width:15.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>668,571 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65,759 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,036 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Other </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,657 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,539 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;padding:0pt;"> - </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.08%;padding:0pt;">    $ </td> <td valign="top" style="width:14.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,921 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:04.86%;padding:0pt;">    $ </td> <td valign="top" style="width:15.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>742,146 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:04.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:15.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;"> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.36%;padding:0pt;"> Three-Months Ended </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;"> Operating Income: </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>301,702 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;padding:0pt;">    $ </td> <td valign="top" style="width:13.64%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,431 </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,602 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,106 </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;"> Other </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,416 </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(65,360) </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(58,691) </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,915 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;padding:0pt;">    $ </td> <td valign="top" style="width:13.64%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,262 </td> </tr> <tr> <td valign="top" style="width:53.24%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:13.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>     <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;"> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;padding:0pt;"> Three-Months Ended </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Income before tax: </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Monster Energy® Drinks(1) (2) </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>301,964 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;padding:0pt;">    $ </td> <td valign="top" style="width:13.64%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,335 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,583 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,094 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Other </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,416 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63,798) </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:3.6pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(57,925) </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,720 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;padding:0pt;">    $ </td> <td valign="top" style="width:13.64%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,920 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:13.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt;"> (1) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $11.2 million and $10.0 million for the three-months ended March 31, 2018 and 2017, respectively, related to the recognition of deferred revenue.</td></tr></table></div>   <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"></td><td valign="top" align="left" style="width: 16.00pt;"> (2) </td><td style="width:2pt;"></td><td align="left" valign="top"> Includes $7.0 million and $19.9 million for the three-months ended March 31, 2018 and 2017, respectively, related to distributor termination costs.</td></tr></table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 73.00%;"> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;padding:0pt;"> Three-Months Ended </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="5" valign="top" style="width:43.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Depreciation and amortization: </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,809 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.90%;padding:0pt;">    $ </td> <td valign="top" style="width:13.08%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,541 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,926 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,796 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Other </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,159 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,153 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,097 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,693 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;padding:0pt;">    $ </td> <td valign="top" style="width:14.12%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,991 </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.90%;padding:0pt;">    $ </td> <td valign="top" style="width:13.08%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,183 </td> </tr> <tr> <td valign="top" style="width:53.22%;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:05.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.40%;padding:0pt;">   </td> <td valign="top" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:13.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   Corporate and unallocated expenses for the three-months ended March 31, 2018 include $43.1 million of payroll costs, of which $13.4 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $12.4 million attributable to professional service expenses, including accounting and legal costs, and $9.9 million of other operating expenses. Corporate and unallocated expenses for the three-months ended March 31, 2017 include $37.6 million of payroll costs, of which $13.1 million was attributable to stock-based compensation expenses (see Note 14, “Stock-Based Compensation”), as well as $12.3 million attributable to professional service expenses, including accounting and legal costs, and $8.8 million of other operating expenses.   TCCC, through the TCCC Subsidiaries, accounted for approximately 4% and 34% of the Company’s net sales for the three-months ended March 31, 2018 and 2017, respectively. As part of TCCC’s North America Refranchising initiative (the “North America Refranchising”), the territories of certain TCCC Subsidiaries have been transitioned to certain independent TCCC bottlers/distributors and/or TCCC Related Parties. Accordingly, the Company’s percentage of net sales classified as sales to the TCCC Subsidiaries significantly decreased for three-months ended March 31, 2018.  CCBCC Operations, LLC accounted for approximately 14% and 11% of the Company’s net sales for the three-months ended March 31, 2018 and 2017, respectively.  Coca-Cola European Partners accounted for approximately 10% and 8% of the Company’s net sales for the three-months ended March 31, 2018 and 2017, respectively. Reyes Coca-Cola Bottling  accounted for approximately 13% and 4% of the Company’s net sales for the three-months ended March 31, 2018 and 2017, respectively.   Net sales to customers outside the United States amounted to $242.1 million and $190.9 million for the three-months ended March 31, 2018 and 2017, respectively.   Goodwill and other intangible assets for the Company’s reportable segments as of March 31, 2018 and December 31, 2017 are as follows:   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 70.00%;margin-left:36pt;"> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;"> March 31, </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;"> December 31, </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2018 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> 2017 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Goodwill and other intangible assets: </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Monster Energy® Drinks </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;padding:0pt;">    $ </td> <td valign="top" style="width:14.78%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,351,780 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;padding:0pt;">    $ </td> <td valign="top" style="width:14.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,346,648 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Strategic Brands </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>994,161 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>995,582 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Other </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,363 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,498 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;"> Corporate and unallocated </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;padding:0pt;"> - </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;padding:0pt;"> - </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td colspan="2" valign="top" style="width:20.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;padding:0pt;">    $ </td> <td valign="top" style="width:14.78%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,368,304 </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;padding:0pt;">    $ </td> <td valign="top" style="width:14.90%;;font-family:Tms Rmn;font-size:11pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,365,728 </td> </tr> <tr> <td valign="top" style="width:51.02%;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:03.56%;padding:0pt;">   </td> <td valign="top" style="width:06.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="top" style="width:14.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

13142000

13439000

221000

46.27

58.75

530000

490000

45.09

51.15

255000

45.62

0.000

P6Y1M6D

P6Y

0.366

0.349

0.021

0.028

381567000

10834000

21.99

P4Y8M12D

32400000

18200000

192000

43.02

2615000

18.00

22.82

600032000

472160000

17819000

19827000

29.62

33.62

P6Y1M6D

P6Y4M24D

463173000

18689000

500000

32.62

P6Y3M18D

15.68

58.76

672933000

585222000

3895212000

3875607000

415000

249900000

500000000

250000000

57.74

62957000

67319000

4300000

<div> <div>   13.TREASURY STOCK   On February 28, 2017, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “February 2017 Repurchase Plan”). During the three-months ended March 31, 2018, the Company purchased 4.3 million shares of common stock at an average purchase price of $57.74 per share, for a total amount of $249.9 million (excluding broker commissions), under the February 2017 Repurchase Plan, which exhausted the availability under the February 2017 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at March 31, 2018.   On February 27, 2018, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to $250.0 million of the Company’s outstanding common stock (the “February 2018 Repurchase Plan”). As of May 10, 2018, no shares have been repurchased pursuant to the February 2018 Repurchase Plan.   During the three-months ended March 31, 2018, 34,303 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due, for a total amount of $2.0 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at March 31, 2018.   <div /></div> </div>

3170129000

3422078000

<div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:26.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> March 31, 2018 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,288 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>441,360 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>440,852 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>508 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,773 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,666 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,416 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>527 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,973 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,970 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>589,337 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>588,719 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>618 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:26.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> December 31, 2017 </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Amortized Cost </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Gains </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Gross Unrealized Holding Losses </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Fair Value </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position less than 12 Months </td> <td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> Continuous Unrealized Loss Position greater than 12 Months </td> <td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Available-for-sale </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Short-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Commercial paper </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81,026 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Certificates of deposit </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,869 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Municipal securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>469,604 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>740 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>468,865 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>740 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,307 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>61,219 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Variable rate demand notes </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,954 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:26.90%;padding:0pt;"> Long-term: </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> U.S. government agency securities </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,369 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;padding:0pt;"> - </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,366 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:10.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;"> Total </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:08.10%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>676,129 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.40%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.22%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>831 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.54%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>675,299 </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.28%;;font-family:Tms Rmn;font-size:8.5pt;padding-right:2.9pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>831 </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;padding:0pt;">    $ </td> <td valign="bottom" style="width:07.50%;padding:0pt;"> - </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:26.90%;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:02.00%;padding:0pt;">   </td> <td valign="bottom" style="width:02.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.48%;padding:0pt;">   </td> <td valign="bottom" style="width:02.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:07.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">   </td> <td valign="bottom" style="width:01.00%;padding:0pt;">   </td> </tr> </table></div>   <div /></div> </div>

6540000

1400000

5884000

7479000

582032000

574129000

571578000

566000000