7 unchanged sentences
Interest Rate Risk
−Removed: As of December 31, 2020, we had interest rate swap and collar agreements to hedge our exposure to interest rate movements and to manage our interest expense.
−Removed: As of December 31, 2020, 74% of our debt was fixed and 26% was variable, which includes the effects of the interest rate swaps and collars.
+Added: As of December 31, 2021, we had an interest rate swap to hedge our exposure to interest rate movements and to manage our interest expense.
+Added: As of December 31, 2021, 72% of our debt was fixed and 28% was variable, which includes the effects of the interest rate swap.
The notional amount of outstanding debt associated with the interest rate derivative agreements was $0.2 billion as of December 31, 2021.
As of December 31, 2020, 74% of our debt was fixed and 26% was variable, which includes the effects of the interest rate swaps and collars.
−Removed: The notional amount of outstanding debt associated with the interest rate derivative agreements was $1.7 billion as of
−Removed: December 31, 2019.
+Added: The notional amount of outstanding debt associated with the interest rate derivative agreements was $0.7 billion as of December 31, 2020.
The change in our fixed rate percentage from December 31, 2020 to December 31, 2021 was primarily due to the maturity of interest rate swaps.
7 unchanged sentences
dollar exchange rate as of December 31, 2020.
−Removed: The change from December 31, 2019 to December 31, 2020 was due to the delivery of Seven Seas Splendor.
+Added: The change from December 31, 2020 to December 31, 2021 included the addition of foreign currency hedges offset by the maturity of certain foreign currency hedges.
We estimate that a 10% change in the euro as of December 31, 2021 would result in a $0.6 billion change in the U.S.
5 unchanged sentences
As of December 31, 2020, we had hedged approximately 37% and 15% of our 2022 and 2023 projected metric tons of fuel purchases, respectively.
−Removed: Additional hedges were executed between December 31, 2019 to December 31, 2020 to lower our fuel price risk.
+Added: Additional fuel swaps were executed between December 31, 2020 to December 31, 2021 to lower our fuel price risk.
We estimate that a 10% increase in our weighted-average fuel price would increase our anticipated 2022 fuel expense by $63.3 million.
3 unchanged sentences
Financial Statements and Supplementary Data
−Removed: Our Consolidated Financial Statements and Quarterly Selected Financial Data are included beginning on page F-1 of this report.
+Added: Our Consolidated Financial Statements are included beginning on page F-1 of this report.
Changes In and Disagreements With Accountants on Accounting and Financial Disclosure
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.