5 unchanged sentences
Our results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign currency exchange rates.
−Removed: During the years ended December 31, 2022 and 2021, the effect of a hypothetical 10% adverse change in foreign currency exchange rates on monetary assets and liabilities would not have been material to our financial condition or results of operations.
−Removed: We enter into forward contracts designated as cash flow hedges to manage the foreign currency exchange rate risk associated with our foreign currency denominated expenditures.
+Added: The effect of a hypothetical 10% adverse change in foreign currency exchange rates on monetary assets and liabilities as of December 31, 2023 would not have been material to our financial condition or results of operations.
+Added: We enter into forward contracts designated as cash flow hedges to manage the foreign currency exchange rate risk associated with certain of our foreign currency denominated expenditures.
The effectiveness of our existing hedging transactions and the availability and effectiveness of any hedging transactions we may decide to enter into in the future may be limited, and we may not be able to successfully hedge our exposure, which could adversely affect our financial condition and operating results.
−Removed: For further information, see Note 2, Summary of Significant Accounting Policies, in the Notes to our Consolidated Financial Statements included in this Annual Report on Form 10-K.
+Added: For further information, see Note 9, Derivatives and Hedging Activities , in the Notes to our Consolidated Financial Statements included in this Quarterly Report on Form 10-Q.
As our international operations grow, we will continue to reassess our approach to manage our risk relating to fluctuations in foreign currency rates.
1 unchanged sentence
As of December 31, 2023, we had cash and cash equivalents of $213.6 million consisting of bank deposits and money market funds and investments of $225.7 million consisting of U.S.
−Removed: Government agencies, corporate bonds, commercial paper and agency bonds.
+Added: government agencies and agency bonds.
Our investments are made for capital preservation purposes.
3 unchanged sentences
However, because we classify our investments as available-for-sale securities, no gains or losses are recognized due to the changes in interest rates unless securities are sold prior to maturity or declines in fair value are determined to be other-than-temporary.
−Removed: The fair values of our convertible senior notes are subject to interest rate risk, market risk and other factors due to the conversion feature of the notes.
+Added: The fair values of our convertible senior notes are subject to interest rate risk, market risk and other factors due to the conversion features of the notes.
The fair values of the convertible senior notes may increase or decrease for various reasons, including fluctuations in the market price of our common stock, fluctuations in market interest rates and fluctuations in general economic conditions.
−Removed: The interest and market value changes affect the fair values of the convertible senior notes but does not impact our financial position, cash flows or results of operations due to the fixed nature of the debt obligation.
−Removed: Based upon the quoted market prices as of December 31, 2022, the fair values of our 2025 Notes and 2027 Notes were $220.3 million and $468.6 million, respectively.
+Added: The interest and market value changes affect the fair values of the convertible senior notes but do not impact our financial position, cash flows or results of operations due to the fixed nature of the debt obligation.
+Added: Based upon the quoted market price as of December 31, 2023, the fair values of our 2025 Notes, 2027 Notes and 2029 Notes were $50.5 million, $538.9 million and $333.4 million , respectively.
As of December 31, 2023, the effect of a hypothetical 10% increase or decrease in interest rates would not have had a material impact on our financial statements.
Inflation Risk
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations in the last three years.
+Added: We do not believe that inflation had a material effect on our business, financial condition or results of operations.
If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
Our inability or failure to do so could harm our business, financial condition and results of operations.
+Added: Ta ble of Contents
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.