4 unchanged sentences
Treasury bills, and time deposits.
−Removed: Our short-term investments consist of U.S.
−Removed: Treasury bills and time deposits.
Our investments do not have significant interest rate risk, as the yields on our investments are fixed rates.
As of January 31, 2026, we had cash and cash equivalents of $5.2 billion.
−Removed: As of January 31, 2024, we had cash and cash equivalents of $3.4 billion and short-term investments of $99.6 million.
+Added: As of January 31, 2025, we had cash and cash equivalents of $4.3 billion.
The primary objectives of our investment activities are the preservation of capital, the fulfillment of liquidity needs, and the fiduciary control of cash and investments.
2 unchanged sentences
We therefore do not expect our results of operations or cash flows to be materially affected by a sudden change in market interest rates.
−Removed: Our debt obligations consist of a variety of financial instruments that expose us to interest rate risk, including, but not limited to our revolving credit facility and the Senior Notes.
−Removed: The interest on the revolving credit facility is tied to short-term interest rate benchmarks including the Term SOFR.
+Added: Our debt obligations consist of a variety of financial instruments that expose us to interest rate risk, including, but not limited to our Senior Notes.
The interest rate on the Senior Notes is fixed.
12 unchanged sentences
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.