29 unchanged sentences
Total revenue
−Removed: Changes in foreign currency exchange rates decreased our revenue by approximately 6.9% and increased our revenue by approximately 2.2% in the years ended December 31, 2022 and December 31, 2021, respectively.
+Added: Changes in foreign currency exchange rates increased our revenue by approximately 0.4% in the year ended December 31, 2023, and decreased it by 2.2% in the year ended December 31, 2022.
Assets and liabilities of our foreign subsidiaries, where the functional currency is the local currency, are translated into U.S.
1 unchanged sentence
Revenues and expenses of foreign subsidiaries are translated at the average exchange rates in effect during the year.
−Removed: Adjustments resulting from financial statement translations are included as a separate component of shareholders’
−Removed: In the years ended December 31, 2022 and 2021, we recorded net losses of $22.0 million and net losses of $26.4 million, respectively, from currency translation adjustments.
+Added: Adjustments resulting from financial statement translations are included as a separate component of shareholders’ equity.
+Added: We recorded a net gain of $15.1 million and a net loss of $22.0 million, in the years ended December 31, 2023, and December 31, 2022, respectively, from currency translation adjustments.
A 10% depreciation in functional currencies, relative to the U.S.
−Removed: Dollar, at December 31, 2022, would have resulted in a reduction of shareholders’
−Removed: equity of approximately $329.0 million.
+Added: Dollar, at December 31, 2023, would have resulted in a reduction of shareholders’ equity of approximately $303.6 million.
Gains and losses resulting from foreign currency transactions are reported in interest and other income (expense), net in the consolidated statements of income and comprehensive income.
9 unchanged sentences
Under the U.S.
−Removed: GAAP hedge accounting guidance, changes in fair value of the derivative that relates to changes in the foreign currency spot rate are recorded in the currency translation adjustment in comprehensive income (loss) and remain in accumulated comprehensive income (loss) in shareholders’
−Removed: equity until the sale or substantial liquidation of the foreign operation.
+Added: GAAP hedge accounting guidance, changes in fair value of the derivative that relates to changes in the foreign currency spot rate are recorded in the currency translation adjustment in comprehensive income (loss) and remain in accumulated comprehensive income (loss) in shareholders’ equity until the sale or substantial liquidation of the foreign operation.
The difference between the interest rate received and paid under the interest rate cross-currency swap derivative agreement is recorded in interest income in the statement of income.
20 unchanged sentences
Inflation Risk
−Removed: We are subject to inflationary cost pressures across global supply chain networks.
+Added: We are subject to inflationary cost pressures across global operating supply networks.
Certain components, parts, or materials are experiencing significant cost pressures that have impacted or may impact our cost of operations in future periods.
−Removed: Further, inflation has increased our general and administrative expenses and may vary between countries in which we operate.
+Added: Further, inflation has increased our selling, general and administrative expenses and may vary between countries in which we operate.
We continue to evaluate these cost increases in relation to our new orders and may continue to see a negative impact on our financial results for a period of time.
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.