3 unchanged sentences
We hold our cash and cash equivalents for working capital purposes.
−Removed: Our cash and cash equivalents are held in cash deposits and money market funds.
+Added: Our cash and cash equivalents are held in cash deposits, money market funds, and U.S government and agency securities.
Our investments are held in commercial paper, corporate notes and bonds, municipal bonds, and U.S.
1 unchanged sentence
The primary objective of our investment activities is to preserve principal while at the same time maximizing yields without significantly increased risk.
−Removed: To achieve this object, we invest in highly liquid securities depending on our strategic cash needs.
+Added: To achieve this objective, we invest in highly liquid securities depending on our strategic cash needs.
Due to the nature of these instruments, we believe that we do not have any material exposure to changes in the fair value due to changes in interest rates.
Declines in interest rates, however, would reduce our future interest income.
−Removed: Further, in the event of a change of such magnitude, we would consider taking actions to further mitigate our exposure to the change.
+Added: Further, in the event of a significant decline in interest rates, we would consider taking actions to further mitigate our exposure to the change.
Concentration of Credit Risk
We deposit our cash, restricted cash, cash equivalents and investments with financial institutions, and, at times, such balances may exceed federally insured limits.
−Removed: While the company has not experienced any losses in such accounts, the recent failure of Silicon Valley Bank (“SVB”), at which we held cash and cash equivalents in
−Removed: multiple accounts, exposed us to limited credit risk prior to the completion by the Federal Deposit Insurance Corporation of the resolution of SVB in a manner that fully protected all depositors.
+Added: While the company has not experienced any losses in such accounts, the failure of Silicon Valley Bank (“SVB”), at which we held cash and cash equivalents in multiple accounts, exposed us to limited credit risk prior to the completion by the Federal Deposit Insurance Corporation of the resolution of SVB in a manner that fully protected all depositors.
We are in the process of transferring our accounts to one or more additional depository institutions.
−Removed: Financial Statements and Supplementary Data.
−Removed: The financial statements, together with the report of our independent registered public accounting firm, required by this item are set forth beginning on page F-1 of this Annual Report.
+Added: Consolidated Financial Statements and Supplementary Data.
+Added: The consolidated financial statements, together with the report of our independent registered public accounting firm, required by this item are set forth beginning on page F-1 of this Annual Report.
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.