2 unchanged sentences
Interest Rate Risk
−Removed: We had cash, cash equivalents, restricted cash, and marketable securities totaling $917.7 million as of April 30, 2023.
−Removed: Our cash, cash equivalents, and restricted cash are held in cash deposits and money market funds.
+Added: We had cash, cash equivalents, restricted cash, and marketable securities totaling $1.087 billion as of April 30, 2024.
+Added: Our cash, cash equivalents, and restricted cash are held in cash deposits and money market funds, and our marketable securities are held in time deposits and corporate and government debt securities.
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
Declines in interest rates, however, would reduce our future interest income.
−Removed: In July 2021, we issued $575.0 million aggregate principal amount of 4.125% Senior Notes due 2029 in a private placement.
+Added: In July 2021, we issued $575.0 million aggregate principal amount of Senior Notes in a private placement.
The fair value of the Senior Notes is subject to market risk.
6 unchanged sentences
dollars, and to a lesser extent the Euro, British Pound Sterling, and other currencies.
−Removed: To date, we have not had a formal hedging program with respect to foreign currency, but we may adopt such a program in the future if our exposure to foreign currency should become more significant.
+Added: To date, we have not had a formal hedging program with respect to foreign currency, but we may adopt such a program in the future if our exposure to foreign currency were to become more significant.
For business conducted outside of the United States, we may have both revenue and costs incurred in the local currency of the subsidiary, creating a partial natural hedge.
Although changes to exchange rates have not had a material impact on our net operating results to date, we will continue to reassess our foreign exchange exposure as we continue to grow our business globally.
−Removed: We have experienced and will continue to experience fluctuations in net loss as a result of transaction gains or losses related to remeasurement of certain asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: We have experienced and will continue to experience fluctuations in our operating results as a result of transaction gains or losses related to remeasurement of certain asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded.
An immediate 10% increase or decrease in the relative value of the U.S.
−Removed: dollar to other currencies could have a material effect on our revenue, operating expenses, and net loss.
−Removed: As a component of other income, net, we recognized a foreign currency transaction loss of $0.4 million and $3.6 million for the years ended April 30, 2023 and 2022, respectively, and a foreign currency transaction gain of $7.7 million for the year ended April 30, 2021.
+Added: dollar to other currencies could have a material effect on our revenue, operating expenses, and net income (loss).
+Added: As a component of other income, net, we recognized foreign currency transaction losses of $3.4 million, $0.4 million, and $3.6 million for the years ended April 30, 2024, 2023, and 2022, respectively.
As of April 30, 2024, our cash, cash equivalents, restricted cash, and marketable securities were primarily denominated in U.S.
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.