1 unchanged sentence
Foreign Currency Exchange Risk
−Removed: Our sales contracts are denominated in U.S.
−Removed: A portion of our operating expenditures are incurred outside of the United States and are denominated in foreign currencies and are subject to fluctuations due to changes in foreign currency exchange rates.
+Added: Our sales contracts are primarily denominated in U.S.
+Added: A portion of our operating expenditures are denominated in foreign currencies, making them subject to fluctuations in foreign currency exchange rates.
Additionally, fluctuations in foreign currency exchange rates may cause us to recognize transaction gains and losses in our statement of operations.
Foreign currency remeasurement gains and losses and foreign currency transaction gains and losses have not had a significant impact to our consolidated financial statements.
−Removed: We enter into foreign currency derivative contracts with maturities of 24 months or less, which we designate as cash flow hedges, to manage the foreign currency exchange risk associated with our foreign currency denominated operating expenditures.
+Added: We enter into foreign currency derivative contracts with maturities of 24 months or less, which we designate as cash flow hedges, to manage the foreign currency exchange risk associated with our revenue and operating expenditures.
We also enter into foreign currency derivative contracts that are not designated as hedging instruments to hedge a portion of our outstanding monetary assets and liabilities denominated in foreign currencies.
17 unchanged sentences
Conversely, a hypothetical 100 basis point decrease in interest rates would lead to a $134.7 million increase in the fair market value of the portfolio.
−Removed: In June 2020, we issued $2.0 billion aggregate principal amount of the 2025 Notes.
−Removed: We carry these instruments at face value less unamortized issuance costs on our consolidated balance sheets.
−Removed: As these instruments have a fixed annual interest rate, we have no financial and economic exposure associated with changes in interest rates.
−Removed: However, the fair value of fixed rate debt instruments fluctuates when interest rates change, and additionally, in the case of the 2025 Notes, when the market price of our common stock fluctuates.
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.