Tenable Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
4. Fair Value Measurements
- Fair Value Measurements
We measure certain financial instruments at fair value using a fair value hierarchy. In the hierarchy, assets are classified based on the lowest level inputs used in valuation into the following categories:
Level 1 — Quoted prices in active markets for identical assets and liabilities;
Level 2 — Observable inputs including quoted market prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in inactive markets, or inputs that are corroborated by observable market data; and
Level 3 — Unobservable inputs.
The following tables summarize assets that are measured at fair value:
| December 31, 2023 | ||||
|---|---|---|---|---|
| (in thousands) | Level 1 | Level 2 | Level 3 | Total |
| Cash equivalents | ||||
| Money market funds | $130,375 | $— | $— | $130,375 |
| Total cash equivalents | $130,375 | $— | $— | $130,375 |
| Short-term investments | ||||
| Commercial paper | $— | $82,216 | $— | $82,216 |
| Corporate bonds | — | 61,149 | — | 61,149 |
| Asset backed securities | — | 15,043 | — | 15,043 |
| Yankee bonds | — | 6,913 | — | 6,913 |
| U.S. Treasury and agency obligations | — | 71,519 | — | 71,519 |
| Total short-term investments | $— | $236,840 | $— | $236,840 |
| December 31, 2022 | ||||
|---|---|---|---|---|
| (in thousands) | Level 1 | Level 2 | Level 3 | Total |
| Cash equivalents | ||||
| Money market funds | $201,476 | $— | $— | $201,476 |
| Total cash equivalents | $201,476 | $— | $— | $201,476 |
| Short-term investments | ||||
| Commercial paper | $— | $143,718 | $— | $143,718 |
| Corporate bonds | — | 37,584 | — | 37,584 |
| Asset backed securities | — | 19,573 | — | 19,573 |
| Certificates of deposit | — | 10,000 | — | 10,000 |
| Supranational bonds | — | 3,950 | — | 3,950 |
| U.S. Treasury and agency obligations | — | 51,744 | — | 51,744 |
| Total short-term investments | $— | $266,569 | $— | $266,569 |
At December 31, 2023 and December 31, 2022, we had $9.4 million and $15.0 million, respectively, of SAFE investments with privately held companies, which are included in other assets on our consolidated balance sheets. We record our SAFE investments at cost, less any impairment, plus or minus observable price changes for similar investments of the same issuer. During the fiscal year ended December 31, 2023, we identified impairment indicators for two of our SAFE investments and determined our investments were impaired, resulting in an impairment loss of $5.6 million that was recorded in other expense, net on our consolidated statement of operations. No material events impacted the carrying value of our SAFE investments in 2022.
We did not have any liabilities measured and recorded at fair value on a recurring basis at December 31, 2023 and 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.