1 unchanged sentence
Market risks relating to the Company’s operations result primarily from changes in interest rates, gold prices and foreign currency exchange rates.
−Removed: The impact of current-year fluctuations in gold prices and foreign currency exchange rates, in particular, are further discussed in Part II, Item 7 herein.
+Added: The impact of current-year fluctuations in foreign currency exchange rates, in particular, are further discussed in Part II, Item 7 herein.
The Company does not engage in speculative or leveraged transactions, nor does it hold or issue financial instruments for trading purposes.
14 unchanged sentences
The Company also has operations in El Salvador where the reporting and functional currency is the U.S.
−Removed: On a dollar translated basis, Latin America revenues and cost of revenues account for 34% and 37%, respectively, of consolidated amounts for the year ended December 31, 2020.
+Added: On a dollar translated basis, both Latin America revenues and cost of revenues account for 35% of consolidated amounts for the year ended December 31, 2021.
The majority of Latin America revenues and expenses are denominated in currencies other than the U.S.
1 unchanged sentence
Accordingly, changes in exchange rates, and in particular a weakening of foreign currencies relative to the U.S.
−Removed: dollar, may negatively affect the Company’s revenue and earnings of its Latin America operations as expressed in U.S.
−Removed: For the year ended December 31, 2020, the Company’s Latin America revenues and pre-tax operating income would have been approximately $55.8 million and $7.8 million higher, respectively, had foreign currency exchange rates remained consistent with those for the year ended December 31, 2019.
+Added: dollar, may negatively affect the Company’s revenue and earnings of its Latin America pawn operations as expressed in U.S.
+Added: For the year ended December 31, 2021, the Company’s Latin America revenues and pre-tax operating income would have been approximately $29.9 million and $5.7 million lower, respectively, had foreign currency exchange rates remained consistent with those for the year ended December 31, 2020.
Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations” for further discussion of Latin America constant currency results.
10 unchanged sentences
At December 31, 2021, the Company had $259.0 million outstanding under its revolving lines of credit.
−Removed: The revolving lines of credit are generally priced with a variable rate based on a fixed spread over LIBOR or TIIE and reprice with any changes in LIBOR or TIIE.
+Added: The revolving lines of credit are generally priced with a variable rate based on a fixed spread over LIBOR or the Mexican Central Bank’s interbank equilibrium rate (“TIIE”) and reprice with any changes in LIBOR or TIIE.
Based on the average outstanding indebtedness during 2021, a 1% (100 basis points) increase in interest rates would have increased the Company’s interest expense by approximately $1.8 million for 2021.
9 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.