4 unchanged sentences
dollars, and therefore our revenue is not currently subject to significant foreign currency risk.
−Removed: 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.
+Added: Our operating expenses are denominated in the currencies of the countries in which our operations are located, which are primarily in the United States, United Kingdom, Canada, and Australia.
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.
15 unchanged sentences
Convertible Senior Notes
−Removed: In September 2019, we issued the 2025 Notes due September 1, 2025 with a principal amount of $1,060 million.
−Removed: Concurrently with the issuance of the 2025 Notes, we entered into separate capped call transactions.
−Removed: The 2025 Capped Calls were completed to reduce the potential dilution from the conversion of the 2025 Notes.
−Removed: As of January 31, 2025, $510 million principal amount of the 2025 Notes remain outstanding.
−Removed: As of January 31, 2025, the 2025 Notes are classified as current liabilities due to their upcoming maturity on September 1, 2025.
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: As of January 31, 2025, $350 million principal amount of the 2026 Notes remain outstanding.
−Removed: The 2025 Notes and 2026 Notes have a fixed annual interest rate of 0.125% and 0.375%, respectively;
+Added: As of January 31, 2026, the outstanding principal balance of the 2026 Notes of $350 million is classified as a current liability due to their upcoming maturity on June 15, 2026.
+Added: The 2026 Notes have a fixed annual interest rate of 0.375%;
accordingly, we do not have economic interest rate exposure on the 2026 Notes.
2 unchanged sentences
In addition, the fair value of the 2026 Notes fluctuates when the market price of our common stock fluctuates.
−Removed: 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: The fair value was determined based on the quoted bid price of the 2026 Notes in an over-the-counter market on the last available trading day of the reporting period.
See Note 8 to our consolidated financial statements “Convertible Senior Notes, Net” for additional information.
1 unchanged sentence
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.