QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: 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.
+Added: We had cash, cash equivalents and short-term investments of $588.3 million as of September 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
−Removed: 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 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.
Based on our current investment portfolio, we do not believe that our results of operations or our financial position would be materially affected by an immediate change of 10% in interest rates.
−Removed: We also have established operations in Europe, Australia and Japan and hold cash in Swiss Francs, Euros, Australian Dollars and Japanese Yen.
+Added: We also have established operations in Europe and Japan and hold cash in Swiss Francs, Euros and Japanese Yen.
We are subject to foreign exchange rate risk arising from transactions conducted in the aforementioned foreign currencies, however, our foreign operations are not currently material to our business.
5 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.