9 unchanged sentences
Our consolidated results of operations and cash flows are, therefore, subject to foreign exchange rate fluctuations, particularly changes in the Indian Rupee, British Pound and Euro, and may be adversely affected in the future due to changes in foreign exchange rates.
−Removed: Because the impact of foreign exchange rates has not been material to our operating results in the past, we have not entered into any
−Removed: Table of Content s
−Removed: derivative or hedging transactions to date.
−Removed: However, we may do so in the future if our exposure to foreign currency becomes more significant.
+Added: Based on a sensitivity analysis we have performed as of December 31, 2022, an adverse 10% foreign currency exchange rate change applied to total monetary assets and liabilities denominated in currencies other than the U.S.
+Added: dollar would not have a material effect on our net losses.
+Added: Starting in 2023, to reduce the risk that our earnings and cash flows will be adversely affected by changes in exchange rates, we entered into foreign exchange forward contracts to hedge a portion of our forecasted foreign currency expenses denominated in Indian Rupee.
+Added: Gains or losses on these contracts are generally recognized in income at the time the related transactions being hedged are recognized.
+Added: We do not use foreign exchange contracts for speculative trading purposes and we may enter into other hedging transactions in the future if our exposure to foreign currency becomes more significant.
+Added: We monitor our exposures in other currencies and assess the need to utilize financial instruments to hedge currency exposures on an ongoing basis.
Interest Rate Risk
Our cash, cash equivalents, and marketable securities primarily consist of deposits held at financial institutions, highly liquid money market funds, and investments in U.S.
−Removed: government securities, corporate bonds, commercial paper, asset-backed securities, and mutual funds.
+Added: government securities, corporate bonds, commercial paper, and mutual funds.
We had cash and cash equivalents of $304.1 million and marketable securities of $843.4 million as of December 31, 2022.
4 unchanged sentences
However, because we classify our marketable securities as “available for sale,” no gains or losses are recognized due to changes in interest rates unless such securities are sold prior to maturity or declines in fair value are determined to be other-than-temporary.
−Removed: Based on an interest rate sensitivity analysis we have performed as of December 31, 2021, we do not believe a hypothetical 10% favorable or adverse movement in interest rates would have a material effect in the combined market value of our cash and cash equivalents and marketable securities.
+Added: Based on an interest rate sensitivity analysis we have performed as of December 31, 2022, a hypothetical 100 basis points favorable or adverse movement in interest rates would not have a material effect in the combined market value of our cash and cash equivalents and marketable securities.
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.