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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2024-02-28 compared with 2023-03-03 · 1 added, 1 removed, 15 unchanged (12% of the section changed)
10 unchanged sentences
Due to the conservative nature of our investment portfolio, which is predicated on capital preservation of investments with short-term maturities, we do not believe an immediate one percentage point change in interest rates would have a material effect on the fair market value of our portfolio, and therefore we do not expect our operating results or cash flows to be significantly affected by changes in market interest rates.
−Removed: As of December 31, 2022 and 2021, we had no debt outstanding that is subject to interest rate variability, as our only debt is related to our lease incentive allowance.
+Added: As of December 31, 2023 and 2022, we had no debt outstanding that is subject to interest rate variability.
Therefore, we are not subject to interest rate risk related to debt.
3 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.