1 unchanged sentence
General - We are exposed to market risk from changes in currency exchange rates, interest rates, raw materials and equity security prices.
−Removed: Interest rates - We are exposed to market risk from changes in interest rates, primarily related to our indebtedness.
+Added: Interest rates - We are exposed to market risk from changes in interest rates, primarily related to our indebtedness, CompX’s note receiveable from affiliate and our investment in marketable debt securities.
We have an outstanding principal amount of indebtedness of $.5 million at December 31, 2022 bearing interest at prime plus 1.875% (9.4% at December 31, 2022) with a maturity date of December 31, 2030.
The carrying value of such outstanding indebtedness approximates its fair value.
−Removed: We are also exposed to market risk from changes in interest rates, primarily related to CompX’s note receivable from affiliate.
The outstanding principal amount of the note receivable from affiliate of $13.2 million at December 31, 2022 bears interest at prime plus 1.0% (8.5% at December 31, 2022).
−Removed: We received interest income of $1.2 million from the note during 2021.
−Removed: Marketable security prices - We are exposed to market risk due to changes in prices of the marketable securities which we own.
+Added: We received interest income of $1.0 million from the note
+Added: At December 31, 2022 we have $70.2 million invested in marketable debt securities, $33.1 held by CompX, at an average interest rate of approximately 3%.
+Added: Marketable equity security prices - We are exposed to market risk due to changes in prices of the marketable equity securities which we own.
The fair value of our equity securities at December 31, 2021 and 2022 was $34.4 million and $26.4 million, respectively.
12 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.