5 unchanged sentences
Interest Rate Sensitivity
−Removed: We had cash and cash equivalents, and marketable securities (short and long-term) totaling $615.1 million as of December 31, 2022.
+Added: We had cash and cash equivalents, and marketable securities totaling $730.3 million as of December 31, 2023.
Cash equivalents and marketable securities were invested primarily in U.S.
6 unchanged sentences
A hypothetical 100 basis point change in interest rates would not have a material impact on the value of our cash and cash equivalents or marketable investments.
−Removed: As of December 31, 2022, the aggregate principal amount outstanding of our 2025 convertible senior notes and 2023 convertible senior notes was $747.5 million and $0.2 million, respectively.
+Added: As of December 31, 2023, the aggregate principal amount outstanding of our 2025 convertible senior notes was $747.5 million.
The fair value of the 2025 convertible senior notes are subject to interest rate risk, market risk and other factors due to their conversion features.
The fair value of the 2025 convertible senior notes will generally increase as our common stock price increases and will generally decrease as our common stock price declines.
−Removed: The interest and market value changes affect the fair value of the convertible senior notes but do not impact our financial position, cash flows or results of operations due to the fixed nature of the debt obligations.
−Removed: Additionally, we carry the convertible senior notes at face value less
−Removed: unamortized discount on our consolidated balance sheets, and we present the fair value for required disclosure purposes only.
+Added: The interest and market value changes affect the fair value of the 2025 convertible senior notes but do not impact our
+Added: financial position, cash flows or results of operations due to the fixed nature of the debt obligations.
+Added: Additionally, we carry the 2025 convertible senior notes at face value less unamortized discount on our consolidated balance sheets, and we present the fair value for required disclosure purposes only.
Our 2025 convertible senior notes bear fixed interest rates and, therefore, are not subject to interest rate risk.
−Removed: We have not utilized derivative financial instruments, derivative commodity instruments or other market risk sensitive instruments, positions or transactions in any material fashion, except for the privately negotiated capped call transactions entered into in May and June 2020 and May 2018 related to the issuance of our 2025 convertible senior notes and our 2023 convertible senior notes, respectively.
+Added: We have not utilized derivative financial instruments, derivative commodity instruments or other market risk sensitive instruments, positions or transactions in any material fashion, except for the privately negotiated capped call transactions entered into in May and June 2020 related to the issuance of our 2025 convertible senior notes.
Foreign Currency Risk
14 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.