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: The effect of a hypothetical 10% adverse change in foreign currency exchange rates on monetary assets and liabilities as of September 30, 2024 would not have been material to our financial condition or results of operations.
+Added: The effect of a hypothetical 10% adverse change in foreign currency exchange rates on monetary assets and liabilities as of March 31, 2025 would not have been material to our financial condition or results of operations.
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 9, Derivatives and Hedging Activities , in the Notes to our Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q.
+Added: For further information, see Note 9, Derivatives and Hedging Activities, in the notes to our unaudited condensed 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.
Interest Rate Risk
−Removed: As of September 30, 2024, we had cash and cash equivalents of $222.6 million consisting of bank deposits and money market funds and investments of $281.5 million consisting of U.S.
+Added: As of March 31, 2025, we had cash and cash equivalents of $291.5 million consisting of bank deposits and money market funds and investments of $301.1 million consisting of U.S.
government agencies.
7 unchanged sentences
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.
−Removed: Based upon the quoted market price as of September 30, 2024, the fair values of our 2025 Notes, 2027 Notes and 2029 Notes were $45.1 million, $547.1 million and $281.9 million, respectively.
−Removed: As of September 30, 2024, the effect of a hypothetical 10% increase or decrease in interest rates would not have had a material impact on our financial statements.
+Added: Based upon the quoted market price as of March 31, 2025, the fair values of our 2025 Notes, 2027 Notes and 2029 Notes were $45.7 million, $548.6 million and $257.1 million, respectively.
+Added: As of March 31, 2025, 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: As of September 30, 2024, we do not believe that inflation had a material effect on our business, financial condition or results of operations.
+Added: As of March 31, 2025, 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.
1 unchanged sentence
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.