7 unchanged sentences
To date, we have not entered into any hedging arrangements with respect to foreign currency risk or other derivative financial instruments.
−Removed: During the three months ended April 30, 2021 and 2020, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our condensed consolidated financial statements.
+Added: During the six months ended July 31, 2021 and 2020, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our condensed consolidated financial statements.
Interest Rate Risk
−Removed: We had cash, cash equivalents and short-term investments totaling $2,690.1 million as of April 30, 2021, of which $2,218.8 million was invested in money market funds, U.S.
−Removed: treasury securities, and corporate debt securities.
+Added: We had cash, cash equivalents and short-term investments totaling $2,468.9 million as of July 31, 2021, of which $2,302.2 million was invested in U.S.
+Added: treasury securities, corporate debt securities and money market funds.
Our cash and cash equivalents are held for working capital and general corporate purposes, including potential future acquisition activity.
6 unchanged sentences
As losses due to changes in interest rates are generally not considered to be credit related changes, no losses in such securities are recognized due to changes in interest rates unless we intend to sell, it is more likely than not that we will be required to sell, we sell prior to maturity, or we otherwise determine that all or a portion of the decline in fair value are due to credit related factors.
−Removed: As of April 30, 2021, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
+Added: As of July 31, 2021, a hypothetical 10% relative change in interest rates would not have had a material impact on the value of our cash equivalents or investment portfolio.
Fluctuations in the value of our cash equivalents and investment portfolio caused by a change in interest rates (gains or losses on the carrying value) are recorded in other comprehensive income (loss), and are realized only if we sell the underlying securities prior to maturity.
3 unchanged sentences
The Note Hedges were completed to reduce the potential dilution from the conversion of the 2023 Notes.
−Removed: Additionally, through April 30, 2021, we received and completed requests to convert approximately $27.6 million principal amount of 2023 Notes (not in connection with the 2023 Notes Partial Repurchases) and exercised and net-share-settled Note Hedges corresponding to approximately $17.9 million principal amount of 2023 Notes.
−Removed: In the first quarter of fiscal 2022, we received additional conversion requests, and approximately $2.9 million aggregate principal amount of the 2023 Notes were primarily settled in shares of Class A common stock in the second quarter of fiscal 2022.
−Removed: Additionally, we exercised Note Hedges corresponding to approximately $9.6 million principal amount of 2023 Notes expected to be settled in the second quarter of fiscal 2022, and subsequent to April 30, 2021, we further exercised an immaterial amount of Note Hedges.
−Removed: No requests to convert material amounts of 2023 Notes or 2025 Notes are currently outstanding.
+Added: Additionally, through July 31, 2021, we received and completed requests to convert approximately $33.4 million principal amount of 2023 Notes (not in connection with the 2023 Notes Partial Repurchases) and exercised and net-share-settled Note Hedges corresponding to approximately $30.4 million principal amount of 2023 Notes.
+Added: In the second quarter of fiscal 2022, we received additional conversion requests, and an immaterial aggregate principal amount of the 2023 Notes was settled in cash in the third quarter of fiscal 2022.
+Added: Additionally, we exercised Note Hedges corresponding to approximately $3.0 million principal amount of 2023 Notes expected to be settled in the third quarter of fiscal 2022.
+Added: No requests to convert material amounts of 2023 Notes are currently outstanding.
In September 2019, we issued the 2025 Notes due September 1, 2025 with a principal amount of $1,060.0 million.
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.