3 unchanged sentences
Interest rate risk
−Removed: We are exposed to market risk for changes in interest rates related primarily to our cash and cash equivalents, marketable debt securities and our indebtedness.
−Removed: As of December 31, 2023, we had cash and cash equivalents of $1.1 billion held primarily in cash deposits and money market funds.
−Removed: Our marketable debt securities are held in U.S.
+Added: We are exposed to market risk for changes in interest rates related primarily to our cash, cash equivalents, restricted cash, marketable debt securities and our indebtedness.
+Added: As of December 31, 2024, we had cash, cash equivalents, restricted cash and marketable debt securities of $944.2 million held primarily in cash deposits, money market funds and U.S.
government debt securities.
−Removed: As of December 31, 2023, we had short-term marketable debt securities of $35.1 million.
Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of the interest rates in the United States.
−Removed: As of December 31, 2023, a hypothetical 100 basis point increase or decrease in interest rates would have resulted in immaterial decline or increase of the fair value of our available-for-sale securities.
+Added: As of December 31, 2024, a hypothetical 100 basis point increase or decrease in interest rates would have resulted in immaterial decline or increase of the fair value of our investments.
This estimate is based on a sensitivity model that measures market value changes when changes in interest rates occur.
7 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.