3 unchanged sentences
To achieve these objectives, we maintain our portfolio of cash, cash equivalents, restricted cash, and short-term and long-term investments in a variety of securities, including government obligations, corporate bonds, and commercial paper.
−Removed: Interest Rate Risk — We invest our cash in a number of diversified high quality investment-grade fixed and floating rate securities with a fair value of $1.0 billion as of December 31, 2023.
+Added: Interest Rate Risk — We invest our cash in a number of diversified high quality investment-grade fixed and floating rate securities with a fair value of $982.4 million as of December 31, 2024.
Our exposure to interest rate risks is not significant due to the short average maturity, quality and diversification of our holdings.
38 unchanged sentences
Equity Risk — We are exposed to changes in the market-traded price of our common stock as it influences the calculation of earnings per share.
−Removed: In connection with the offerings of the 2024 and 2027 Notes, we entered into convertible note hedge transactions with option counterparties.
+Added: In connection with the offering of the 2027 Notes, we entered into convertible note hedge transactions with option counterparties.
We also sold warrants to the option counterparties.
These transactions have been accounted for as an adjustment to our shareholders' equity.
−Removed: The convertible note hedge transactions are expected to reduce the potential equity dilution upon conversion of the 2024 and 2027 Notes.
−Removed: The warrants along with any shares issuable upon conversion of the 2024 and 2027 Notes will have a dilutive effect on our earnings per share to the extent that the average market price of our common stock for a given reporting period exceeds the applicable strike price or conversion price of the warrants or convertible 2024 and 2027 Notes.
+Added: The convertible note hedge transactions are expected to reduce the potential equity dilution upon conversion of the 2027 Notes.
+Added: The warrants along with any shares issuable upon conversion of the 2027 Notes will have a dilutive effect on our earnings per share to the extent that the average market price of our common stock for a given reporting period exceeds the applicable strike price or conversion price of the warrants or convertible 2027 Notes.
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.