10 unchanged sentences
Interest Rate Risk
−Removed: We had cash, cash equivalents, restricted cash, and marketable securities of $585.3 million as of December 31, 2022.
−Removed: Cash, cash equivalents, restricted cash, and marketable securities consist of checking accounts, savings accounts, money market funds, U.S.
−Removed: treasury securities, commercial paper, corporate notes and obligations, and time deposits.
+Added: We had cash, cash equivalents, and marketable securities of $678.0 million as of December 31, 2023.
+Added: Cash, cash equivalents, and marketable securities consist of money market funds, U.S.
+Added: treasury securities, corporate notes and obligations, time deposits, commercial paper, checking accounts, and savings accounts.
The cash and cash equivalents are held for working capital and general corporate purposes.
−Removed: The restricted cash is used as collateral to satisfy certain contractual arrangements related to corporate credit cards.
Interest-earning instruments carry a degree of interest rate risk.
2 unchanged sentences
Due to the short-term nature of our investments, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
−Removed: As of December 31, 2022, a hypothetical 100 bps increase or decrease in interest rates would not have a material impact on the fair market value of our portfolio.
+Added: As of December 31, 2023, a hypothetical 100 basis points increase or decrease in interest rates would not have a material impact on the fair market value of our portfolio.
We therefore do not expect our results of operations or cash flows to be materially affected by a sudden change in market interest rates.
7 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.