7 unchanged sentences
dollars while the majority of our European sales are denominated in Euros.
−Removed: In addition, we acquired MedSupport in the second quarter of 2017 with net assets denominated in Euros.
Our results of operations, certain balance sheet balances and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates.
5 unchanged sentences
dollar-equivalent earnings from adverse changes in foreign currency exchange rates.
−Removed: These hedging contracts reduce, but will not entirely eliminate, the impact of adverse currency exchange rate movements on revenue.
+Added: These hedging contracts reduce, but will not entirely eliminate, the impact of adverse currency exchange rate movements on revenue, cash, receivables and payables.
We performed a sensitivity analysis assuming a hypothetical 10% adverse movement in foreign exchange rates to the hedging contracts and the underlying exposures described above.
As of December 31, 2022, the analysis indicated that these hypothetical market movements would not have a material effect on our financial position, results of operations or cash flows.
−Removed: We estimate prior to any hedging activity that a 10% adverse change in exchange rates on our
−Removed: foreign denominated sales would have resulted in a $ 5.9 million decline in revenue for the year ended December 31, 20 2 1 .
+Added: We estimate prior to any hedging activity that a 10% adverse change in exchange rates on our foreign denominated sales would have resulted in a $7.2 million decline in revenue for the year ended December 31, 2022.
We designate these forward contracts as cash flow hedges for accounting purposes.
4 unchanged sentences
Interest rate fluctuation risk
−Removed: We had cash and cash equivalents of $235.5 million as of December 31, 2021, which consisted of highly liquid investments with a maturity of three months or less, and $10.0 million of marketable securities with maturity dates of greater than three months.
+Added: We had cash and cash equivalents of $187.0 million as of December 31, 2022, which consisted of highly liquid investments with a maturity of three months or less.
The primary goals of our investment policy are liquidity and capital preservation.
5 unchanged sentences
If overall interest rates had increased or decreased by 1.00% (100 basis points), neither our interest expense nor our interest income would have been materially affected during the years ended December 31, 2022 or December 31, 2021.
−Removed: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
−Removed: The financial statements and supplementary data required by this item are included in Part IV, Item 15 of this Report.
−Removed: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
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.