32 unchanged sentences
We would incur unrealized losses on fixed income securities if there is an increase in interest rates compared to interest rates at the time of purchase.
−Removed: A hypothetical 100 basis point increase in market interest rates would have resulted in a decrease approximately $70.0 million and $39.0 million in the market value of our available-for-sale debt securities and cash equivalents as of December 31, 2024 and 2023.
+Added: A hypothetical 100 basis point increase in market interest rates would have resulted in a decrease of approximately $100 million and $70 million in the market value of our available-for-sale debt securities and cash equivalents as of December 31, 2025 and 2024.
In the unlikely event we are forced to sell our marketable securities prior to maturity, we may incur realized losses in such investments.
However, because of the conservative and short-term nature of the investments in our portfolio, a change in interest rates is not expected to have a material impact on our consolidated financial statements.
−Removed: Strategic Equity Investments
−Removed: Our non-marketable equity investments in privately-held companies are recorded in “other assets” in our consolidated balance sheets.
−Removed: As of December 31, 2024 and 2023, the total carrying amount of our investments in privately-held companies was $81.3 million and $62.3 million, respectively.
−Removed: Fair Value Measurements of the Notes to Consolidated Financial Statements included in Part II, Item 8, of this Annual Report on Form 10-K for details.
−Removed: The privately-held companies in which we invested are in the startup or development stages.
−Removed: These investments are inherently risky because the markets for the technologies or products these companies are developing are typically in the early stages and may never materialize.
−Removed: We could lose our entire investment in these companies.
−Removed: Our evaluation of investments in
−Removed: privately-held companies is based on the fundamentals of the businesses invested in, including among other factors, the nature of their technologies and potential for financial return.
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.