11 unchanged sentences
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.
−Removed: Our exposure to the risk of changes in foreign exchange rates relates primarily to fluctuations in value of foreign currency cash, cash equivalent and marketable securities balances held by our main operating subsidiary in the United Kingdom, our operating activities in the United States, and outsourced supplier agreements denominated in currencies other than pound sterling.
+Added: Our exposure to the risk of changes in foreign exchange rates relates primarily to fluctuations in value of foreign currency cash and cash equivalent balances held by our main operating subsidiary in the United Kingdom, our operating activities in our foreign subsidiaries, and outsourced supplier agreements denominated in currencies other than functional currency.
We minimize foreign currency risk by maintaining cash and cash equivalents of each currency at levels sufficient to meet foreseeable expenditure to the extent practical.
−Removed: Our cash, cash equivalents and marketable securities were $859.6 million and $442.6 million as of June 30, 2024 and December 31, 2023, respectively.
−Removed: As of June 30, 2024, 87% of our cash and cash equivalents were held by our U.K.
−Removed: subsidiary, of which 26% were denominated in pounds sterling, 63% were denominated in U.S.
−Removed: dollars and 11% were denominated in euros.
+Added: Our cash and cash equivalents were $537.8 million and $442.6 million as of September 30, 2024 and December 31, 2023, respectively.
+Added: As of September 30, 2024, 91% of our cash and cash equivalents were held by our U.K.
+Added: subsidiary, of which 58% were denominated in U.S.
+Added: dollars, 27% were denominated in pounds sterling and 15% were denominated in euros.
All of our marketable securities were held in our U.K.
−Removed: subsidiary and were denominated in U.S.
+Added: parent company and were denominated in U.S.
The significant remainder of our cash and cash equivalents are held in the United States and denominated in U.S.
Changes in exchange rates had an impact on U.S.
−Removed: dollar balances held by our main operating subsidiary in the United Kingdom, which resulted in foreign exchange losses in the Condensed Consolidated Statements of Operations and Comprehensive Loss due to the depreciation of the subsidiary’s U.S.
−Removed: dollars in pounds sterling terms in the six months ended June 30, 2024 and 2023.
−Removed: Further movements in exchange rates or returns to previous exchange rate levels have caused, and may continue to cause, material fluctuations or equivalent losses in the Condensed Consolidated Statements of Operations and Comprehensive Loss.
−Removed: A five percentage point increase in exchange rates would reduce the carrying value of net financial assets and liabilities held in foreign currencies as of June 30, 2024 by $5.9 million and as of December 31, 2023 by $6.0 million.
−Removed: A five percentage point decrease in exchange rates would increase the carrying value of net financial assets and liabilities held in foreign currencies as of June 30, 2024 by $5.9 million and as of December 31, 2023 by $6.0 million.
+Added: dollar balances held by our main operating subsidiary in the United Kingdom, which resulted in foreign exchange gains in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) due to the appreciation of the subsidiary’s U.S.
+Added: dollars in pounds sterling terms in the nine months ended September 30, 2024 and 2023.
+Added: Further movements in exchange rates or returns to previous exchange rate levels have caused, and may continue to cause, material fluctuations or equivalent losses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).
+Added: A five percentage point increase in exchange rates would reduce the carrying value of net financial assets and liabilities held in foreign currencies as of September 30, 2024 by $9.9 million and as of December 31, 2023 by $6.0 million.
+Added: A five percentage point decrease in exchange rates would increase the carrying value of net financial assets and liabilities held in foreign currencies as of September 30, 2024 by $9.9 million and as of December 31, 2023 by $6.0 million.
We are exposed to credit risk from our operating activities, primarily accounts receivable, and cash, cash equivalents and marketable securities held with banks and financial institutions.
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.