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As such, COVID-19 pandemic may pose significant risks to our business.
−Removed: We operate globally and the COVID-19 pandemic and its adverse effects have impacted most of the locations where we, our customers and our suppliers conduct business and as a result, during the second quarter of 2020, we have experienced some disruption to our operations, most notably due to reduced demand for our disposable product portfolio.
+Added: We operate globally and the COVID-19 pandemic and its adverse effects have impacted most of the locations where we, our customers and our suppliers conduct business and as a result, during the second and third quarter of 2020, we have experienced some disruption to our operations, most notably due to reduced demand for our disposable product portfolio.
As a result of the COVID-19 pandemic, our non-essential offices and facilities, including our corporate headquarters remain closed to non-essential employees.
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• helped employees with childcare issues due to school and daycare closures;
−Removed: • implemented COVID-19 temperature screening for employees entering our manufacturing and distribution facilities;
+Added: • implemented COVID-19 temperature screening for employees and visitors entering our manufacturing and distribution facilities;
• initiated a visitor pre-entry questionnaire to limit potential exposure in our facilities.
1 unchanged sentence
These actions, and any future actions we may take in response to the COVID-19 pandemic, could negatively impact our business, financial condition and results of operations.
−Removed: Additionally, the effect of the COVID-19 pandemic on our business will not be fully reflected in our results of operations and overall financial performance until future periods.
+Added: During the first nine months of 2020, our operations have been impacted globally by lower admission rates and procedural volumes at our hospital customers.
+Added: We have also incurred increased expenses as a result of COVID-19 for additional compensation paid to our manufacturing and distribution facility workers along with personal protection equipment and other items.
+Added: At the same time, we have seen some expense decreases due to reductions in travel and other discretionary spending.
+Added: The total impact of the COVID-19 pandemic on our business will not be fully reflected in our results of operations and overall financial performance until future periods.
The duration and extent of the impact on our business from the COVID-19 pandemic depends on future developments that cannot be fully predicted at this time, as such, the impact of the COVID-19 pandemic on our future results of operations and overall financial performance remain uncertain and cannot as yet be quantified.
−Removed: For example, a decline in the global economy could delay or significantly decrease purchases of our products in the future.
+Added: A continued decline in the global economy could delay or significantly decrease purchases of our products in the future.
Adverse economic and market conditions could also harm the parties with whom we do business, including our customers, distributors and suppliers.
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• lower income due to a delay in cost savings projects as a result of the travel and social distancing requirements of COVID-19;
−Removed: • lower interest income on cash balances due to recent reductions in interest rates along with higher interest expense from borrowing $150.0 million under our Credit Facility.
−Removed: To the extent the COVID-19 pandemic and related containment measures continue to adversely affect regional, national and global economic conditions and financial markets, as well as the business, results of operations, financial conditions and liquidity of us, our suppliers and our customers, it may also have the effect of heightening many of the risks described in this ‘‘Risk Factors’’ section and elsewhere in this Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and many of the risks described under the caption ‘‘Risk Factors’’ and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2019, including the risks resulting from our dependency on key personnel;
+Added: • lower interest income on cash balances due to recent reductions in interest rates along with higher interest expense from borrowing under our Credit Facility if necessary to maintain adequate liquidity.
+Added: To the extent the COVID-19 pandemic and related containment measures continue to adversely affect regional, national and global economic conditions and financial markets, as well as the business, results of operations, financial conditions and liquidity of us, our suppliers and our customers, it may also have the effect of heightening many of the risks described in this ‘‘Risk Factors’’ section and elsewhere in this Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and many of the risks described under the caption ‘‘Risk Factors’’ and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2019, including the risks resulting from our dependency on key personnel;
impairment of our supply chain or manufacturing facilities;
and the impact of negative economic conditions.
−Removed: In addition, in light of the COVID-19 pandemic and the measures taken to limit its spread, our historical information regarding our business, results of operations,
−Removed: financial condition or liquidity may not be representative of the future results of operations, financial condition, liquidity or other financial or operating results of us or our business.
+Added: In addition, in light of the COVID-19 pandemic and the measures taken to limit its spread, our historical information regarding our business, results of operations, financial condition or liquidity may not be representative of the future results of operations, financial condition, liquidity or other financial or operating results of us or our business.
Our ability to manufacture products may be materially adversely impacted by COVID-19.
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A disruption at any of our manufacturing facilities could have a material, adverse effect on our business, results of operations, financial condition and cash flows.
−Removed: For example, the COVID-19 pandemic could have a substantial impact on our employees’ attendance and productivity due to a variety of factors, such as shelter-in-place orders, quarantines and short and long term illness, all of which could interrupt and delay the manufacture of our products.
+Added: For example, the COVID-19 pandemic could have a substantial impact on our employees’ attendance and productivity due to a variety of factors, such as
+Added: shelter-in-place orders, quarantines and short and long term illness, all of which could interrupt and delay the manufacture of our products.
Our suppliers may experience financial difficulties or business disruptions that could negatively affect their operations and their ability to supply us with the raw materials and components required for our products.
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We may also experience significant reductions in demand for certain products as our health care customers re-prioritize the treatment of patients, delay elective procedures and shift resources and operations to fight COVID-19 and the complications it causes.
−Removed: For example, during the second quarter of 2020, we have experienced lower demand from hospital customers for our Infusion Consumables and IV Solutions due to COVID-19.
+Added: For example, during the second and third quarters of 2020, we have experienced lower demand from hospital customers for our products other than our infusion pump hardware due to COVID-19.
Additionally, the COVID-19 pandemic will potentially adversely affect our distributors as they may not be able to maintain the current levels of sales.
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dollars, but our operations are conducted internationally, currency exchange rate changes can have a significant impact on our financial results.
−Removed: During the first half of 2020, we recognized $4.7 million in net foreign exchange losses in our results of operations.
+Added: During the nine months ended September 30, 2020, we recognized $6.0 million in net foreign exchange losses in our results of operations.
We are subject to risks associated with debt financing.
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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.