13 unchanged sentences
Although our convertible senior notes are based on a fixed rate, changes in interest rates could impact the fair value of such notes.
−Removed: As of December 31, 2021, the fair market value of our convertible senior notes was $1.085 billion.
+Added: As of December 31, 2022, the fair market value of our convertible senior notes was $501.4 million.
Refer to Note 5, Fair Value of Financial Instruments , and Note 11, Convertible Senior Notes , of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for additional information.
−Removed: We have used interest rate swap agreements to protect against adverse fluctuations in interest rates by reducing our exposure to variability in cash flows relating to interest payments on a portion of our outstanding debt.
−Removed: Our interest rate swaps, which were designated as cash flow hedges, involved the receipt of variable amounts from counterparties in exchange for us making fixed-rate payments over the life of the agreements.
−Removed: We do not hold or issue any derivative financial instruments for
−Removed: speculative trading purposes.
+Added: We have used, and in the future we may use, interest rate swap agreements to protect against adverse fluctuations in interest rates by reducing our exposure to variability in cash flows relating to interest payments on a portion of our outstanding debt.
+Added: We do not hold or issue any derivative financial instruments for speculative trading purposes.
As of December 31, 2022, we did not have any outstanding interest rate swap agreements.
−Removed: Our interest rate swap agreement matured during the second quarter of 2019.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 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.