Quantitative and Qualitative Disclosures About Market Risk.
−Removed: As of June 30, 2021, we had cash and cash equivalents of $392.5 million, which consisted of cash and a money market fund.
+Added: As of September 30, 2021, we had cash, cash equivalents and marketable securities of $666.3 million, which consisted of cash, money market funds and marketable securities.
Interest income is sensitive to changes in the general level of interest rates;
however, due to the nature of these investments, an immediate 10% change in interest rates would not have a material impact on the fair value of our investment portfolio.
−Removed: As of June 30, 2021, we had no debt outstanding.
+Added: As of September 30, 2021, we had no debt outstanding.
Therefore, we are not exposed to interest rate risk with respect to debt.
4 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.