4 unchanged sentences
Interest rate fluctuation risk
−Removed: At December 31, 2021 and 2020, we had cash and cash equivalents of $239.3 million and $114.5 million, respectively, which consisted of cash on deposit with banks and short-term highly-liquid money market funds.
+Added: At December 31, 2022 and 2021, we had cash and cash equivalents of $189.1 million and $239.3 million, respectively, which consisted of cash on deposit with banks and a short-term highly-liquid money market fund.
Interest-earning instruments carry a degree of interest rate risk.
To date, fluctuations in interest income have not been significant.
−Removed: We had no outstanding debt subject to interest rate risk as of December 31, 2021.
−Removed: At December 31, 2020 we had outstanding debt subject to interest rate risk of $524.3 million in principal.
−Removed: Given the repayment of our 2018 Term Loan and settlement of our interest rate swaps in July 2021, we are not expected to be exposed to further fluctuations in interest rates for the foreseeable future.
+Added: We had no outstanding debt subject to interest rate risk as of December 31, 2022 and 2021.
+Added: Given the repayment of our 2018 Term Loan and settlement of our interest rate swaps in July 2021, we do not currently expect to be exposed to further fluctuations in interest rates for the foreseeable future.
We would be subject to fluctuation in interest rates if we draw down under our 2021 Revolving Facility, including issuance of any letters of credit.
11 unchanged sentences
Inflation risk
−Removed: We do not believe that inflation has had a material effect on our business, financial condition, results of operations or future prospects.
−Removed: If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
+Added: To date, we do not believe that inflation has had a material effect on our business, financial condition, results of operations or future prospects.
+Added: However, if our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
Our inability or failure to do so could harm our business, financial condition, results of operations and future prospects.
+Added: Further, if current inflationary pressures are sustained for a prolonged period of time, the success of existing small businesses and the formation of new small businesses could continue to be adversely impacted, which could harm our business, results of operations, financial condition or future prospects.
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.