6 unchanged sentences
Convertible Senior Notes in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.
−Removed: During the nine months ended September 30, 2023, we invested in cash equivalents, U.S.
+Added: During the three months ended March 31, 2024, we invested in cash equivalents, U.S.
government and agency securities, U.S.
Treasury securities, and corporate debt securities which were designated as cash equivalents and available-for-sale investments.
−Removed: Our cash equivalents and available-for-sale securities as of September 30, 2023 was $768 million.
+Added: Our cash equivalents and available-for-sale securities as of March 31, 2024 was $562 million.
Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio comprising of marketable securities.
5 unchanged sentences
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.
−Removed: A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates at September 30, 2023 would have affected the fair value of our investment portfolio by approximately $2.4 million.
+Added: A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates at March 31, 2024 would have affected the fair value of our investment portfolio by approximately $3.1 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, 2023.
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.