4 unchanged sentences
Interest rate fluctuation risk
−Removed: 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.
+Added: At December 31, 2023 and 2022, we had cash and cash equivalents of $225.7 million and $189.1 million, respectively, which consisted of cash on deposit with banks and in short-term highly-liquid money market funds.
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, 2022 and 2021.
−Removed: 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.
+Added: We had no outstanding debt subject to interest rate risk as of December 31, 2023 and 2022, and, consequently, 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.
1 unchanged sentence
We have foreign currency risks related to our revenue and expenses denominated in currencies other than our functional currency, the U.S.
−Removed: Dollar, principally GBP.
+Added: Dollar, principally the British pound sterling.
The volatility of exchange rates depends on many factors that we cannot forecast with reliable accuracy.
We have experienced and will continue to experience fluctuations in our net (loss) income as a result of transaction gains and losses related to translating certain cash balances, trade accounts receivable and payable balances and intercompany loans that are denominated in currencies other than the U.S.
−Removed: We recognized foreign currency losses of $3.6 million in the year ended December 31, 2022.
−Removed: A 10% adverse change in foreign exchange rates on foreign-denominated accounts for the year ended December 31, 2022, including intercompany balances, would have resulted in a $0.9 million increase in our reported foreign currency loss for the year ended December 31, 2022.
+Added: We recognized foreign currency gain of $1.4 million in the year ended December 31, 2023.
+Added: A 10% adverse change in foreign exchange rates on foreign-denominated accounts for the year ended December 31, 2023, including intercompany balances, would have resulted in a $0.7 million decrease in our reported foreign currency gain for the year ended December 31, 2023.
In the event our non-U.S.
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.