2 unchanged sentences
We hedge future cash flows denominated in currencies other than the functional currency using sales forecasts up to twelve months in advance.
−Removed: Our exposure to exchange rate risks is managed on an enterprise-wide basis.
+Added: Our exposure to exchange rate risks is mainly managed on an enterprise-wide basis.
This strategy utilizes derivative financial instruments, including option and forward contracts, to hedge certain foreign currency exposures with the intent of offsetting gains and losses that occur on the underlying exposures with gains and losses on the derivative contracts hedging them.
+Added: We may also hedge equity balances denominated in foreign currency on a long-term basis.
We do not currently and do not intend to utilize derivative financial instruments for speculative trading purposes.
2 unchanged sentences
In anticipation of these foreign currency cash flows and in view of volatility of the currency market, we enter into such foreign exchange contracts as are described above to manage our currency risk.
−Removed: Approximately 51 percent of our revenue in 2019 , 53 percent of our revenue in 2018 and 51 percent of our revenues in 2017 were generated in U.S.
−Removed: The unfavorable effects of changes in foreign currency exchange rates, principally as a result of the strength of the U.S.
−Removed: dollar, has decreased revenue by approximately 2 percentage points in the year ended October 31, 2019 .
−Removed: We calculate the impact of foreign currency exchange rates movements by applying the actual foreign currency exchange rates in effect during the last month of each quarter to the current year to both the applicable current and prior year periods.
+Added: Approximately 52 percent of our revenue in 2020, 51 percent of our revenue in 2019 and 53 percent of our revenue in 2018 were generated in U.S.
+Added: The overall unfavorable effect of changes in foreign currency exchange rates, principally as a result of the strength of the U.S.
+Added: dollar, has decreased revenue by approximately 1 percentage point in the year ended October 31, 2020.
+Added: We calculate the impact of movements in foreign currency exchange rates by applying the actual foreign currency exchange rates in effect during the last month of each quarter of the current year to both the applicable current and prior year periods.
We performed a sensitivity analysis assuming a hypothetical 10 percent adverse movement in foreign exchange rates to the hedging contracts and the underlying exposures described above.
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.