4 unchanged sentences
Interest Rate Risk
−Removed: As of April 30, 2021, we had cash, cash equivalents and investments totaling $875.6 million, which consisted primarily of bank deposits, money market funds, commercial paper, corporate notes and bonds and U.S.
+Added: As of July 31, 2021, we had cash, cash equivalents and investments totaling $887.0 million, which consisted primarily of bank deposits, money market funds, commercial paper, corporate notes and bonds and U.S.
Treasury and government agency securities.
1 unchanged sentence
Our investment portfolio is comprised of highly rated securities and limits the amount of credit exposure to any one issuer.
−Removed: A hypothetical 100 basis point increase in interest rates would result in an approximately $1.9 million decrease of the fair value of our investment portfolio as of April 30, 2021 .
+Added: A hypothetical 100 basis point increase in interest rates would result in an approximately $1.8 million decrease of the fair value of our investment portfolio as of July 31, 2021 .
Such losses would only be realized if we sold the investments prior to maturity.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: We had no exposure to changes in interest rates from debt obligations at April 30, 2021 as our 2023 Notes and 2024 Notes were issued at fixed rates of 0.5% and 0.0%, respectively.
+Added: We had no exposure to changes in interest rates from debt obligations at July 31, 2021 as our 2023 Notes and 2024 Notes were issued at fixed rates of 0.5% and 0%.
The fair value of the Notes changes when the market price of our stock fluctuates or interest rates change.
9 unchanged sentences
dollar against the other currencies may negatively or positively affect our operating results as expressed in U.S.
−Removed: Foreign currency translation adjustments are accounted for as a component of “Accumulated other comprehensive income” within “Stockholders’ equity.” Gains or losses due to remeasurements of transactions denominated in foreign currencies are included in “ Interest income and other income, net ” in our consolidated statements of operations and comprehensive loss.
+Added: Foreign currency translation adjustments are accounted for as a component of “Accumulated other comprehensive income” within “Stockholders’ equity.” Gains or losses due to remeasurements of transactions denominated in foreign currencies are included in “ Interest income and other income (expense), net ” in our consolidated statements of operations and comprehensive loss.
We have not engaged in the hedging of foreign currency transactions to date, although we may choose to do so in the future.
2 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.