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Convertible Senior Notes in Part I, Item 1 of this Form 10-Q for additional information.
+Added: During the six months ended June 30, 2022, we invested in cash equivalents, U.S.
+Added: government and agency securities, U.S.
+Added: Treasury securities, and corporate debt securities which were designated as cash equivalents and available-for-sale investments.
+Added: Our cash equivalents and available-for-sale securities as of June 30, 2022 was $796.5 million.
+Added: Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio comprising of marketable securities.
+Added: We invest in a number of securities including U.S.
+Added: government and agency securities, U.S.
+Added: Treasury securities, and corporate debt securities and money market funds.
+Added: We attempt to ensure the safety and preservation of our invested principal funds by limiting default risk, market risk and reinvestment risk.
+Added: We mitigate default risk by investing in high grade investment securities.
+Added: The fair market value of our fixed rate securities may be adversely impacted by increases in interest rates while income earned may decline as a result of decreases in interest rates.
+Added: A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates at June 30, 2022 would have affected the fair value of our investment portfolio by approximately $4.0 million.
There have been no other material changes in market risk from the information provided in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021.
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.