2 unchanged sentences
These instruments arise from transactions entered into in the normal course of business.
−Removed: The following table presents the future principal payment obligations and fair values associated with our long-term debt instruments assuming our actual level of long-term indebtedness as of March 31, 2022:
+Added: The following table presents the future principal payment obligations and fair values associated with our long-term debt instruments assuming our actual level of long-term indebtedness as of June 30, 2022:
(in thousands)
30 unchanged sentences
The cumulative translation effect is included in equity as a component of Accumulated other comprehensive income (loss).
−Removed: For the three months ended March 31, 2022, approximately 16.2% of our revenues and approximately 20.4% of our total operating expenses were denominated in foreign currencies.
−Removed: We have performed a sensitivity analysis assuming a hypothetical 10% adverse movement in the Brazilian Real from the quoted foreign currency exchange rates at March 31, 2022.
−Removed: As of March 31, 2022, the analysis indicated that such an adverse movement would have caused our revenues and operating income to decline by approximately 1.0% and 0.6%, respectively, for the three months ended March 31, 2022.
−Removed: As of March 31, 2022, we had intercompany debt, which is denominated in a currency other than the functional currency of the subsidiary in which it is recorded.
−Removed: As settlement of this debt is anticipated or planned in the foreseeable future, any changes in the foreign currency exchange rates will result in unrealized gains or losses, which will be included in our determination of net income.
−Removed: A change of 10% in the underlying exchange rates of our unsettled intercompany debt at March 31, 2022 would have resulted in approximately $75.4 million of unrealized gains or losses that would have been included in Other income (expense), net in our Consolidated Statements of Operations for the three months ended March 31, 2022.
+Added: For the six months ended June 30, 2022, approximately 16.7% of our revenues and approximately 21.5% of our total operating expenses were denominated in foreign currencies.
+Added: We have performed a sensitivity analysis assuming a hypothetical 10% adverse movement in the Brazilian Real from the quoted foreign currency exchange rates at June 30, 2022.
+Added: As of June 30, 2022, the analysis indicated that such an adverse movement would have caused our revenues and operating income to decline by approximately 1.0% and 0.6%, respectively, for the six months ended June 30, 2022.
+Added: As of June 30, 2022, we had intercompany debt, which is denominated in a currency other than the functional currency of the subsidiary in which it is recorded.
+Added: As settlement of this debt is anticipated or planned in the foreseeable future, any changes in the
+Added: foreign currency exchange rates will result in unrealized gains or losses, which will be included in our determination of net income.
+Added: A change of 10% in the underlying exchange rates of our unsettled intercompany debt at June 30, 2022 would have resulted in approximately $75.3 million of unrealized gains or losses that would have been included in Other income (expense), net in our Consolidated Statements of Operations for the six months ended June 30, 2022.
Special Note Regarding Forward-Looking Statements
5 unchanged sentences
our expectations regarding consolidation of wireless service providers and the impact of such consolidation on our financial and operational results;
−Removed: our intent to grow our tower portfolio domestically and internationally and expand through acquisitions, new builds, and organic lease up on existing towers;
+Added: our intent to grow our tower portfolio domestically and internationally and expand through acquisitions (including the timing and consummation of our acquisition of Grupo TorreSur in Brazil), new builds, and organic lease up on existing towers;
our belief that over the long-term, site leasing revenues will continue to grow as wireless service providers increase their use of our towers due to increasing minutes of network use and data transfer, network expansion and network coverage requirements;
47 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.