QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: We had cash, cash equivalents and short-term investments of $538.3 million as of March 31, 2024, which consisted primarily of money market funds, commercial paper, corporate bonds, and U.S.
+Added: We had cash, cash equivalents and short-term investments of $559.6 million as of June 30, 2024, which consisted primarily of money market funds, commercial paper, corporate bonds and U.S.
government agency securities.
3 unchanged sentences
This means that a change in prevailing interest rates may cause the value of the instruments to fluctuate.
−Removed: For example, if we purchase a security that was issued with a fixed interest rate and the prevailing interest rate later rises, the value of that security will probably decline.
+Added: For example, if we purchase a security that was issued with a fixed interest rate and the
+Added: prevailing interest rate later rises, the value of that security will probably decline.
To minimize this risk, we intend to maintain a portfolio which may include cash, cash equivalents and short-term investment securities available-for-sale in a variety of securities which may include money market funds, government and non-government debt securities and commercial paper, all with various maturity dates.
8 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.