3 unchanged sentences
We invest our cash in a variety of financial instruments, principally securities issued by the U.S.
−Removed: government and its agencies, collateralized reverse repurchase agreements, and money market instruments.
−Removed: The goals of our investment policy are preservation of capital, fulfillment of
−Removed: liquidity needs and fiduciary control of cash and investments.
+Added: government and its agencies, including collateralized reverse repurchase agreements, money market instruments, as well as commercial paper and corporate bonds.
+Added: The goals of our investment policy are preservation of capital, fulfillment of liquidity needs and fiduciary control of cash and investments.
We also seek to maximize income from our investments without assuming significant risk.
4 unchanged sentences
While we believe our cash and cash equivalents do not contain excessive risk, we cannot provide absolute assurance that in the future our investments will not be subject to adverse changes in market value.
−Removed: In addition, we maintain significant amounts of cash and cash equivalents at one or more financial institutions that are in excess of federally insured limits.
+Added: In addition, we maintain significant amounts of cash
+Added: and cash equivalents at one or more financial institutions that are in excess of federally insured limits.
Given the potential instability of financial institutions, we cannot provide assurance that we will not experience losses on these deposits.
6 unchanged sentences
To minimize the impact of potential dilution to our common stock upon conversion of the notes, we entered into the Convertible Note Hedges and Note Hedge Warrants, with respect to the 2022 Convertible Notes, and the Capped Calls, with respect to the 2024 Convertible Notes and 2026 Convertible Notes.
+Added: The Convertible Note Hedges terminated unexercised upon expiry in June 2022.
The convertible notes and derivatives are more fully described in Note 9, Notes Payable, in the accompanying notes to our consolidated financial statements appearing elsewhere in this Annual Report on Form 10-K.
2 unchanged sentences
Financial Statements and Supplementary Data
−Removed: Our consolidated financial statements, together with the independent registered public accounting firm report thereon, appear at pages F-1 through F-50, of this Annual Report on Form 10-K.
+Added: Our consolidated financial statements, together with the independent registered public accounting firm, Ernst & Young LLP (PCAOB ID:
+Added: 42 ), report thereon, appear at pages F-1 through F-50, of this Annual Report on Form 10-K.
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.