3 unchanged sentences
Our cash and cash equivalents and restricted cash consist principally of money market securities which are short-term in nature.
−Removed: At September 30, 2022 and 2021, our aggregate short-term and long-term investments were $1.3 billion and $3.7 million, respectively, and consisted mostly of highly rated corporate debt securities and municipal securities.
−Removed: At September 30, 2022, the unrealized loss position on marketable securities was $14.7 million, which is included in “Accumulated other comprehensive income” in the Consolidated Balance Sheets.
−Removed: At September 30, 2021, the unrealized loss position on marketable securities was insignificant.
−Removed: A hypothetical 100 basis point change in interest rates would result in an $11.4 million annual change in interest income earned in fiscal year 2022.
−Removed: On February 1, 2022, in connection with the completion of the sale of its semiconductor automation business, we used $49.7 million of the cash proceeds from the sale to extinguish the total remaining outstanding balance of our former term loan.
−Removed: We also closed our revolving credit facility of which had no borrowings.
−Removed: During fiscal year 2022, we incurred cash interest expense of $0.5 million on the term loan.
−Removed: The term loan had a variable interest rate which subjected us to interest rate risk.
−Removed: Our primary interest rate risk exposure resulted from changes in the short-term LIBOR rate, the federal funds effective rate and the prime rate.
+Added: At September 30, 2023 and 2022, our aggregate short-term and long-term investments were $450.2 million and $1.3 billion, respectively, and consisted mostly of highly rated corporate debt securities, and U.S.
+Added: government backed securities.
+Added: At September 30, 2023 and 2022 the unrealized loss position on marketable securities was $6.9 million, and $14.7 million, respectively, which is included in “Accumulated other comprehensive income (loss)” in the Consolidated Balance Sheets.
+Added: A hypothetical 100 basis point change in interest rates would result in a $11.7 million annual change in interest income earned in fiscal year 2023.
+Added: As of September 30, 2023 and September 30, 2022, we had no outstanding debt on our balance sheet.
Currency Rate Exposure
We have transactions and balances denominated in currencies other than the functional currency of the transacting entity.
−Removed: Most of these transactions carrying foreign exchange risk are in Germany, the United Kingdom, and China.
+Added: Most of these transactions carrying foreign exchange risk are in Germany, the United Kingdom, Luxembourg, and China.
Sales in currencies other than the U.S.
2 unchanged sentences
In the normal course of our business, we have liquid assets denominated in non-functional currencies which include cash, short-term advances between our legal entities and accounts receivable which are subject to foreign currency exposure.
−Removed: Such balances were approximately $80.4 million and $119.4 million, respectively, at September 30, 2022 and 2021, and relate to the foreign exchange risk in Germany, the United Kingdom, and China.
+Added: Such balances were approximately $157.8 million and $80.4 million, respectively, at September 30, 2023 and 2022, and primarily relate to the Euro, British Pound, and the Chinese yuan.
We mitigate the impact of potential currency translation losses on these short-term intercompany advances by the timely settlement of each transaction, generally within 30 days.
1 unchanged sentence
We incurred foreign currency losses of $4.2 million and $1.7 million, respectively, in fiscal years 2023 and 2022, which related to the currency fluctuation on these balances between the time the transaction occurred and the ultimate settlement of the transaction.
+Added: A hypothetical 10% change in foreign exchange rates would result in an approximate change of $9.0 million in our net income during the fiscal year ending September 30, 2023.
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.