5 unchanged sentences
dollar value of the Company’s reported revenues, expenses, earnings, assets and liabilities.
−Removed: For the six months ended June 30, 2022, approximately 21.6% Company’s revenues were generated outside of the U.S..
+Added: For the nine months ended September 30, 2022, approximately 21.1% Company’s revenues were generated outside of the U.S..
These operations transact business in their functional currency, which is the same as their local currency.
6 unchanged sentences
markets, the Company’s reported results vary.
−Removed: During the first six months of 2022, the U.S.
+Added: During the first nine months of 2022, the U.S.
dollar fluctuated, and generally strengthened, against the primary currencies in which the Company conducts business, compared to one year ago.
−Removed: Currency exchange rates had the effect of decreasing reported service revenues by $55 million, or 1.9%, in the first half of 2022 compared to the same period one year ago.
+Added: Currency exchange rates had the effect of decreasing reported service revenues by $101 million, or 2.1%, in the first three quarters of 2022 compared to the same period one year ago.
The general strengthening of the U.S.
1 unchanged sentence
Because substantially all the Company’s international operations generated revenues and incurred expenses within the same country and currency, the effect of lower reported revenues is largely offset by the decrease in reported operating expenses.
−Removed: Reported net income was $3 million, or 1.1%, lower in the first half of 2022 compared to the same period one year ago due to the effect of currency exchange rates.
−Removed: If currency exchange rates were to remain at June 30, 2022 levels throughout the remainder of 2022, the currency impact on the Company’s full-year reported revenues and operating expenses would be consistent with the first half of 2022 results.
+Added: Reported net income was $5 million, or 1.1%, lower in the first three quarters of 2022 compared to the same period one year ago due to the effect of currency exchange rates.
+Added: If currency exchange rates were to remain at September 30, 2022, levels throughout the remainder of 2022, the currency impact on the Company’s full-year reported revenues and operating expenses would be consistent with the first three quarters of 2022 results.
Should current trends continue, the impact to reported net income would be immaterial.
−Removed: For the one month ended July 31, 2022, the U.S.
−Removed: dollar has weakened against the Canadian Dollar, British Pound, Australian Dollar, and the Brazilian Real, and strengthened against the Euro, since June 30, 2022.
−Removed: If currency exchange rates were to remain at July 2022 levels throughout 2022, the currency impact on the Company’s full-year reported revenues would be unfavorable, offset by a favorable impact on operating expenses.
−Removed: These results will likely have an immaterial impact on reported net income.
Fluctuations in currency exchange rates impact the U.S.
8 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.