2 unchanged sentences
Financial instruments that are potentially subject to credit risk consist of cash and cash equivalents, restricted cash, short term investments and accounts receivable.
−Removed: We had cash and cash equivalents of $4.4 billion, $1.4 billion and $618.0 million, restricted cash of $7.2 million, $8.1 million and $2.8 million, and short-term investments of $2.2 billion, $3.3 billion and $0.4 billion, at December 31, 2021, 2020 and 2019, respectively.
+Added: We had cash and cash equivalents of $3.9 billion, $4.4 billion and $1.4 billion, restricted cash of $5.5 million, $7.2 million and $8.1 million, and short-term investments of $0.7 billion, $2.2 billion and $3.3 billion, at December 31, 2022, 2021 and 2020, respectively.
Our cash and cash equivalents are deposited with various major reputable financial institutions located within or without the PRC.
13 unchanged sentences
While we believe our cash, cash equivalents, and short-term investments do not contain excessive risk, we cannot provide absolute assurance that in the future investments will not be subject to adverse changes in market value.
−Removed: We had accounts receivable, net of $483,113, $60,403 and $70,878 at December 31, 2021, 2020 and 2019, respectively.
+Added: We had accounts receivable, net of $173.2 million, $483.1 million and $60.4 million at December 31, 2022, 2021 and 2020, respectively.
+Added: Accounts receivable at December 31, 2021 included the upfront fee from Novartis of $300.0 million under the ociperlimab agreement.
Accounts receivable, net represent amounts arising from product sales and amounts due from the our collaboration partners.
6 unchanged sentences
dollars or other foreign currencies.
−Removed: All foreign exchange transactions continue to take place either through the PBOC or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC.
+Added: All foreign exchange transactions continue to take place either through the PBOC or other banks
+Added: authorized to buy and sell foreign currencies at the exchange rates quoted by the PBOC.
Approvals of foreign currency payments by the PBOC or other institutions require submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts.
9 unchanged sentences
The RMB compared to the U.S.
−Removed: dollar appreciated approximately 2.3%, appreciated approximately 6.3%, and depreciated approximately 1.3% for the years ended December 31, 2021, 2020 and 2019, respectively.
+Added: dollar depreciated approximately 8.2%, appreciated approximately 2.3%, and appreciated approximately 6.3% for the years ended December 31, 2022, 2021 and 2020, respectively.
It is difficult to predict how market forces or PRC or U.S.
21 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.