2 unchanged sentences
Forward-looking statements are subject to risks and uncertainties.
−Removed: Actual results could differ materially from those discussed in forward-looking statements.
+Added: Actual results could differ materially from those discussed in the forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date hereof.
−Removed: Consensus undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.
−Removed: Readers should carefully review the risk factors described in this document and in the other documents incorporated by reference herein, including our Registration Statement on Form 10 filed with the Securities Exchange Commission on September 21, 2021, as amended, for the six months ended June 30, 2021 as well as other documents we file from time to time with the Securities and Exchange Commission, including the Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed or to be filed by us in 2021.
+Added: Consensus undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.
+Added: Readers should carefully review the risk factors described in this document as well as in other documents we file from time to time with the SEC, including the Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed or to be filed by us in 2022.
Interest Rate Risk
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of September 30, 2021, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of March 31, 2022, the carrying value of our cash and cash equivalents approximated fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of September 30, 2021 and December 31, 2020, we had cash and cash equivalent investments primarily in money market funds with maturities of 90 days or less of $297.8 million and $128.2 million, respectively.
+Added: As of March 31, 2022 and December 31, 2021, we had cash and cash equivalent investments primarily in cash and checking accounts of $93.9 million and $66.8 million, respectively.
We do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
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Foreign Currency Risk
−Removed: We conduct business in certain foreign markets, primarily in Canada, Australia and the European Union.
Our principal exposure to foreign currency risk relates to investment and inter-company debt in foreign subsidiaries that transact business in functional currencies other than the U.S.
−Removed: Dollar, primarily the Australian Dollar, the Canadian Dollar, the Euro, the Hong Kong Dollar, the Japanese Yen, the New Zealand Dollar, the Norwegian Kroner and the British Pound Sterling.
+Added: Dollar, primarily the Canadian Dollar, the Euro and the Japanese Yen.
If we are unable to settle our short-term intercompany debts in a timely manner, we remain exposed to foreign currency fluctuations.
3 unchanged sentences
As currency exchange rates change, translation of the income statements of the international businesses into U.S.
−Removed: Dollars affects year-over-year comparability of operating results, the impact of which is immaterial to the comparisons set forth in this Form 10.
+Added: Dollars affects year-over-year comparability of operating results, the impact of which is immaterial to the comparisons set forth in this Form 10-Q.
Historically, we have not hedged translation risks because cash flows from international operations were generally reinvested locally;
1 unchanged sentence
Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and financial position.
−Removed: Foreign exchange gain for the three months ended September 30, 2021 and 2020 were $1.1 million and $16.2 million, respectively, and $1.4 million and $15.5 million for the nine months ended September 30, 2021 and 2020, respectively.
−Removed: The decrease in our gains recognized in earnings in the nine months ended September 30, 2021 and 2020 were attributable to lower inter-company balances between periods in foreign subsidiaries that were in functional currencies other than the U.S.
+Added: Foreign exchange gain for the three months ended March 31, 2022 and 2021 were $0.2 million and $0.4 million, respectively.
+Added: The decrease in our gains recognized in earnings in the three months ended March 31, 2022 and 2021 were attributable to lower inter-company balances between periods in foreign subsidiaries that were in functional currencies other than the U.S.
Dollar and exchange rate fluctuations.
−Removed: Cumulative translation adjustment losses, net of tax, included in other comprehensive income for the three months ended September 30, 2021 and 2020 were $8.2 million and $4.1 million, respectively, and for the nine months ended September 30, 2021 and 2020 were $13.6 million and $11.6 million, respectively.
+Added: Cumulative translation adjustment losses, included in other comprehensive income for the three months ended March 31, 2022 and 2021 were $2.1 million and $7.7 million.
We currently do not have derivative financial instruments for hedging, speculative or trading purposes and therefore are not subject to such hedging risk.
1 unchanged sentence
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.