14 unchanged sentences
Foreign Currency and Exchange Risk.
−Removed: Certain of our receivables and payables for our international offices are denominated in the local currency, including the Euro, Yen and RMB.
−Removed: Therefore, a portion of our revenues and operating expenditures are subject to foreign currency risks.
−Removed: From time to time, we enter into foreign currency forward contracts to reduce the exposure to foreign currency exchange rate fluctuations on certain foreign currency denominated monetary assets and liabilities.
−Removed: We do not use foreign currency forward contracts for speculative or trading purposes.
−Removed: We record these forward contracts at fair value.
−Removed: The counterparty to these foreign currency forward contracts is a financial institution that we believe is creditworthy, and therefore, we believe the credit risk of counterparty non-performance is not significant.
−Removed: The change in fair value of these contracts is recorded in earnings as a component of other income (expense), net and offsets the change in fair value of foreign currency denominated monetary assets and liabilities, which is also recorded in other income (expense), net.
−Removed: As of December 31, 2023, we had no outstanding forward contracts.
+Added: Certain of our cash balances, receivables and payables for our international offices are denominated in the local currency, including the Euro, Yen, Chinese Yuan, New Taiwan Dollar and Canadian Dollar.
+Added: Therefore, some of our activities including a portion of our revenues and operating expenditures are subject to foreign currency risks.
+Added: We also have intercompany transactions with and between certain of our subsidiaries of differing functional currencies, resulting in foreign transaction gains or losses based on our period-end exchange rates.
+Added: Due to potential volatility of currency exchange rates, we cannot predict the effect of exchange fluctuations on our business.
+Added: During the years ended December 31, 2024, 2023 and 2022, we did not enter into any foreign currency derivative financial instruments.
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.