3 unchanged sentences
We do not engage in speculative trading in any financial or capital market.
+Added: COLUMBIA SPORTSWEAR COMPANY | 2021 FORM 10-K | 32
FOREIGN EXCHANGE RISK
5 unchanged sentences
Non-functional currency denominated monetary assets and liabilities consist primarily of cash and cash equivalents, short-term investments, receivables, payables, deferred income taxes, and intercompany loans and dividends.
−Removed: The net fair value of our derivative contracts was unfavorable by approximately $12.7 million at December 31, 2020.
−Removed: A 10% unfavorable exchange rate change in the euro, franc, Canadian dollar, yen, renminbi, won, pound, and koruna against the United
−Removed: States dollar would have resulted in the net fair value declining by approximately $54.0 million at December 31, 2020.
+Added: The net fair value of our derivative contracts was favorable by approximately $15.6 million at December 31, 2021.
+Added: A 10% unfavorable exchange rate change in the euro, franc, Canadian dollar, yen, renminbi, won, pound, krone, zloty, krona and koruna against the United States dollar would have resulted in the net fair value declining by approximately $57.3 million at December 31, 2021.
Changes in fair value of derivative contracts resulting from foreign exchange rate fluctuations would be substantially offset by the change in value of the underlying hedged transactions.
3 unchanged sentences
At December 31, 2021, no balance was outstanding under our credit facilities.
+Added: COMMODITY PRICE RISK
+Added: We are exposed to market risk for the pricing of the raw materials used to manufacture our products.
+Added: These raw materials are purchased directly by our contract manufacturers.
+Added: COLUMBIA SPORTSWEAR COMPANY | 2021 FORM 10-K | 33
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.