2 unchanged sentences
These risks primarily include interest rate sensitivities related to our borrowings and investments.
−Removed: We had $117.5 million and $133.0 million in cash, cash equivalents and marketable securities at March 31, 2020 and December 31, 2019, respectively.
+Added: We had $208.7 million and $133.0 million in cash, cash equivalents and marketable securities at June 30, 2020 and December 31, 2019, respectively.
Cash and cash equivalents consist of cash, money market funds, commercial paper and government bonds.
1 unchanged sentence
A portion of our investments may be subject to interest rate risk and could fall in value if market interest rates increase.
−Removed: We had $9.8 million in long-term debt at March 31, 2020 and December 31, 2019, which bears interest at an annual rate of prime plus 2.91%, with a 4.94% prime rate floor.
Based on our interest rate sensitivity analysis, an immediate 1% increase in interest rates would increase our net interest income by approximately $1.9 million, while an immediate 1% decrease in interest rates would decrease our net interest income by approximately $0.4 million.
−Removed: Approximately $0.4 million and $0.6 million of our cash balance was located in Australia at March 31, 2020 and December 31, 2019, respectively.
+Added: Approximately $2.9 million and $0.6 million of our cash balance was located in Australia at June 30, 2020 and December 31, 2019, respectively.
Our expenses, except those related to our Australian operations, are generally denominated in U.S.
3 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.