9 unchanged sentences
The contract expires on January 19, 2025.
−Removed: We had $538.6 million of outstanding borrowings under our Tranche B Term Loan and no outstanding borrowings under our Revolving Credit Facility as of December 31, 2022.
+Added: We had $533.1 million of outstanding borrowings under our Term Loan and no outstanding borrowings under our Revolving Credit Facility as of December 31, 2023.
For the year ended December 31, 2023, the effect of a hypothetical 100 basis point increase or decrease in overall interest rates would have changed our interest expense by approximately $5.4 million.
−Removed: We had cash of $632.1 million as of December 31, 2022.
−Removed: Our cash is held in demand deposits and is not subject to market risk.
+Added: We had cash and cash equivalents of $575.0 million as of December 31, 2023.
+Added: Given the short-term nature of our investments, we do not believe there is any material risk to the value of our investments with increases or decreases in interest rates.
Foreign Currency Risk
All of our revenue is denominated in U.S.
−Removed: Although approximately 61.6% of our revenue for the year ended December 31, 2022 was derived from international sales, primarily in Europe and Asia Pacific, none of these sales are denominated in local currency.
+Added: Although approximately 51.2% of our revenue for the year ended December 31, 2023 was derived from international sales, primarily in Europe and Asia Pacific, all of these sales are denominated in U.S.
The majority of our expenses are generally denominated in the currencies in which they are incurred, which is primarily in the United States.
4 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.