1 unchanged sentence
We are exposed to market risks in the ordinary course of our business.
−Removed: These risks primarily include interest rate sensitivities related to our investments and borrowings.
−Removed: We had $307.8 million and $133.0 million in cash, cash equivalents and marketable securities at December 31, 2020 and December 31, 2019, respectively.
+Added: These risks primarily include interest rate sensitivities related to our investments.
+Added: We had $326.9 million and $307.8 million in cash, cash equivalents and marketable securities at December 31, 2021 and 2020, respectively.
Cash and cash equivalents consist of cash, money market funds, commercial paper and government bonds.
−Removed: Marketable securities consist of corporate bonds, commercial paper and government bonds.
+Added: Marketable securities consist of corporate bonds, commercial paper, government bonds and highly rated supranational and sovereign government securities.
A portion of our investments may be subject to interest rate risk and could fall in value if market interest rates increase.
Based on our interest rate sensitivity analysis, an immediate 1% increase in interest rates would increase our interest income by approximately $2.2 million, while an immediate 1% decrease in interest rates would decrease our interest income by approximately $0.5 million.
−Removed: Approximately $1.0 million and $0.6 million of our cash balance was located in Australia at December 31, 2020 and December 31, 2019, respectively.
+Added: Approximately $1.1 million and $1.0 million of our cash balance was located in Australia at December 31, 2021 and 2020, 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.