4 unchanged sentences
We have business operations globally, and accordingly, we are exposed to foreign currency fluctuations that can affect our financial results.
−Removed: For the years ended December 31, 2019 and 2018, approximately 11.1% and 8.7% of our revenue was derived from contracts denominated in currencies other than the U.S.
+Added: For the years ended December 31, 2020 and 2019, approximately 11.1%, respectively, of our revenue was derived from contracts denominated in currencies other than the U.S.
dollar, whereas approximately 25.2% and 22.3% of our operational costs, including, but not limited to, salaries, wages and other employee benefits, were derived in foreign currencies.
4 unchanged sentences
We recalculated our reported pre-tax income for the years ended December 31, 2020 and 2019 using foreign exchange rates that were 10% higher and 10% lower than actual exchange rates utilized during the year.
−Removed: When utilizing foreign exchange rates 10% higher than actual exchange rates, our pre-tax income for the years ended December 31, 2019 and 2018 is positively impacted by approximately $6.7 million and $5.1 million, respectively.
−Removed: When utilizing foreign exchange rates 10% lower than actual exchange rates, our pre-tax income for the years ended December 31, 2019 and 2018 is negatively impacted by approximately $6.7 million and $5.1 million, respectively.
+Added: When utilizing foreign exchange rates 10% higher than actual exchange rates, our pre-tax income for the years ended December 31, 2020 and 2019 is negatively impacted by approximately $8.8 million and $6.7 million, respectively.
+Added: When utilizing foreign exchange rates 10% lower than actual exchange rates, our pre-tax income for the years ended December 31, 2020 and 2019 is positively impacted by approximately $8.8 million and $6.7 million, respectively.
We are also subject to foreign currency transaction risk for fluctuations in exchange rates during the period of time between contract commencement and cash settlement for services that we provide in relation to the contract.
15 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.