1 unchanged sentence
Qualitative and Quantitative Disclosures About Market Risk
−Removed: We had cash, cash equivalents and short-term investments of $343.1 million at September 30, 2021, which consist primarily of money market, bank deposits, commercial paper, corporate bonds, and government agency securities.
+Added: We had cash, cash equivalents and short-term investments of $434.6 million at March 31, 2022, which consist primarily of money market, bank deposits, commercial paper, corporate bonds, and government agency securities.
The investments in these financial instruments are made in accordance with an investment policy which specifies the categories, allocations and ratings of securities we may consider for investment.
The primary objective of our investment activities is to preserve principal while at the same time maximizing the income we receive without significantly increasing risk.
−Removed: Some of the financial instruments in which we invest could be subject to market risk.
+Added: financial instruments in which we invest could be subject to market risk.
This means that a change in prevailing interest rates may cause the value of the instruments to fluctuate.
3 unchanged sentences
We do not hold or issue derivatives, derivative commodity instruments or other financial instruments for speculative trading purposes.
−Removed: Further, we do not believe our cash, cash equivalents and short-term investments has significant risk of default or illiquidity.
+Added: Further, we do not believe our cash, cash equivalents and short-term investments have a significant risk of default or illiquidity.
While we believe our cash, cash equivalents and short-term investments do not contain excessive risk, we cannot provide absolute assurance that any investments we make in the future will not be subject to adverse changes in market value.
1 unchanged sentence
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.