2 unchanged sentences
Interest rate risk .
+Added: Certain interest rates are variable and fluctuate with current market conditions.
Our investments have limited exposure to market risk.
−Removed: We maintain a portfolio of cash, cash equivalents and short-term investments, consisting primarily of bank deposits, money market funds, certificates of deposit, and corporate notes.
+Added: We maintain a portfolio of cash, cash equivalents and short-term investments, consisting primarily of bank deposits, money market funds, certificates of deposit, commercial paper, corporate notes and government and agency securities.
None of these investments have a maturity date in excess of one year.
−Removed: The interest rates are variable and fluctuate with current market conditions.
Because of the short-term nature of these instruments, a sudden change in market interest rates would not be expected to have a material impact on our financial condition or results of operations.
8 unchanged sentences
Dollar, the Euro, the Chinese Yuan, the Japanese Yen, and the Russian Ruble.
−Removed: In 2019 we incurred a loss on foreign exchange transactions of $12.8 million as compared to a gain of $6.2 million in 2018.
+Added: In 2020 we incurred a gain on foreign exchange transactions of $12.9 million as compared to a loss of $12.8 million in 2019.
+Added: As our Russian subsidiary has net U.S.
+Added: dollar denominated assets, the depreciation of the Russian Ruble contributed to most of the foreign exchange gain in 2020.
Management attempts to minimize these exposures by partially or fully off-setting foreign currency denominated assets and liabilities at our subsidiaries that operate in different functional currencies.
1 unchanged sentence
As a result, we are unable to create a perfect offset of the foreign currency denominated assets and liabilities.
−Removed: Furthermore, if we expect a currency movement to be beneficial to us in the short or medium term, we have, on occasions, chosen not to hedge or otherwise off-set the underlying assets or liabilities.
+Added: Furthermore, if we expect a currency movement to be beneficial to us in the short or medium term, we have, on occasions, chosen not to hedge or otherwise offset the underlying assets or liabilities.
However, it is difficult to predict foreign currency movements accurately.
2 unchanged sentences
Dollar denominated liabilities where the Chinese Yuan is the functional currency.
−Removed: Dollar denominated assets are comprised of cash, third party receivables, inter-company receivables and inter-company notes offset by third party and inter-company U.S.
+Added: Dollar denominated assets are comprised of cash, third party receivables and inter-company receivables offset by third party and inter-company U.S.
Dollar denominated payables.
15 unchanged sentences
Dollar depreciated.
+Added: It is possible that the COVID-19 pandemic may create additional volatility in exchange rates going forward.
In addition, we are exposed to foreign currency translation risk for those subsidiaries whose functional currency is not the U.S.
7 unchanged sentences
We have no foreign currency derivative instrument hedges as of December 31, 2020.
−Removed: We will continue to analyze our exposure to currency exchange rate fluctuations and may engage in financial hedging techniques in the future to attempt to minimize the effect of these potential fluctuations.
+Added: We will continue to analyze our exposure to currency
+Added: exchange rate fluctuations and may engage in financial hedging techniques in the future to attempt to minimize the effect of these potential fluctuations.
Exchange rate fluctuations may adversely affect our financial results in the future.
5 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.