5 unchanged sentences
Our operating expenses are denominated in the currencies of the countries in which our operations are located, which are primarily in the United States, the United Kingdom, Canada and Australia.
−Removed: Our consolidated results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
+Added: Our consolidated results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign currency exchange rates.
To date, we have not entered into any hedging arrangements with respect to foreign currency risk or other derivative financial instruments.
2 unchanged sentences
We had cash, cash equivalents and short-term investments totaling $2,202 million as of January 31, 2024, of which $2,019 million was invested in U.S.
−Removed: treasury securities, corporate debt securities and money market funds.
+Added: treasury securities, money market funds, corporate debt securities and certificates of deposit.
Our cash and cash equivalents are held for working capital and general corporate purposes, including potential future acquisition activity.
9 unchanged sentences
Convertible Senior Notes
−Removed: In February 2018, we issued the 2023 Notes due February 15, 2023 with a principal amount of $345 million, of which $224 million and $70 million were repurchased in September 2019 and June 2020, respectively.
−Removed: Concurrently with the issuance of the 2023 Notes, we entered into separate Note Hedges and Warrant transactions, a portion of which were terminated in September 2019 and June 2020 in connection with the partial repurchases of the 2023 Notes.
−Removed: The Note Hedges were completed to reduce the potential dilution from the conversion of the 2023 Notes.
−Removed: Additionally, through January 31, 2023, we received and completed requests to convert approximately $51 million principal amount of 2023 Notes (not in connection with the partial repurchases of the 2023 Notes) and exercised and net-share-settled Note Hedges corresponding to approximately $45 million principal amount of 2023 Notes.
In September 2019, we issued the 2025 Notes due September 1, 2025 with a principal amount of $1,060 million.
1 unchanged sentence
The 2025 Capped Calls were completed to reduce the potential dilution from the conversion of the 2025 Notes.
+Added: As of January 31, 2024, $552 million principal amount of the 2025 Notes remain outstanding.
In June 2020, we issued the 2026 Notes due June 15, 2026 with a principal amount of $1,150 million.
1 unchanged sentence
The 2026 Capped Calls were completed to reduce the potential dilution from the conversion of the 2026 Notes.
−Removed: The 2023 Notes, 2025 Notes and 2026 Notes have a fixed annual interest rate of 0.25%, 0.125% and 0.375%, respectively;
+Added: As of January 31, 2024, $608 million principal amount of the 2026 Notes remain outstanding.
+Added: The 2025 Notes and 2026 Notes have a fixed annual interest rate of 0.125% and 0.375%, respectively;
accordingly, we do not have economic interest rate exposure on the Notes.
However, the fair value of the Notes is exposed to interest rate risk.
−Removed: Generally, the fair market value of the fixed interest rate of the Notes will increase as interest rates fall and decrease as interest rates rise.
+Added: Generally, the fair market value of the Notes will increase as interest rates fall and decrease as interest rates rise.
In addition, the fair value of the Notes fluctuates when the market price of our common stock fluctuates.
−Removed: The fair value was determined based on the
−Removed: quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.
−Removed: See Note 5 to our consolidated financial statements for more information.
+Added: The fair value was determined based on the quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.
+Added: See Note 8 to our consolidated financial statements "Convertible Senior Notes, Net" for additional information.
Changes in the interest rate environment upon maturity of this fixed rate debt could have an effect on our future cash flows and earnings, depending on whether the debt is replaced with other fixed rate debt, variable rate debt or equity.
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.