5 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Approximately 41.2% 48.7% and 52.2% of our revenues for the year ended December 31, 2018, the year ended December 31, 2019 and the year ended December 31, 2020, respectively, were earned in non‑U.S.
+Added: Approximately 48.7%, 52.2% and 54.3% of our revenues for the years ended December 31, 2019, 2020 and 2021, respectively, were earned in non U.S.
dollar denominated currencies, principally the Euro.
Our expenses are generally denominated in the currencies in which our operations are located, primarily the U.S.
−Removed: dollar and New Israeli Shekel, Euro, and to a lesser extent, the Korean Won.
−Removed: Our New Israeli Shekel‑denominated expenses consist primarily of personnel and overhead costs.
+Added: dollar and New Israeli Shekel ("NIS"), Euro, and to a lesser extent, the South Korean Won ("KRW").
+Added: Our NIS denominated expenses consist primarily of personnel and overhead costs.
Our consolidated 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 exchange rates.
1 unchanged sentence
dollar would increase or decrease our net income by $68.1 million for the year ended December 31, 2021.
−Removed: A hypothetical 10% change in foreign currency exchange rates between the New Israeli Shekel and the U.S.
+Added: A hypothetical 10% change in foreign currency exchange rates between the NIS and the U.S.
dollar would increase or decrease our net income by $24.4 million for the year ended December 31, 2021.
−Removed: A hypothetical 10% change in foreign currency exchange rates during the year ended December 31, 2020, between the Korean Won and the U.S.
+Added: A hypothetical 10% change in foreign currency exchange rates during the year ended December 31, 2021, between the KRW and the U.S.
dollar would increase or decrease our net income by $19.6 million for the year ended December 31, 2021.
2 unchanged sentences
dollar during the reporting period.
−Removed: To date, we have used derivative financial instruments, specifically foreign currency forward contracts, to manage exposure to foreign currency risks by hedging portions of the anticipated payroll payments denominated in New Israeli Shekels (“NIS”).
+Added: To date, we have used derivative financial instruments, specifically foreign currency forward contracts, to manage exposure to foreign currency risks by hedging portions of the anticipated payroll payments denominated in NIS.
Our foreign currency forward contracts are expected to mitigate exchange rate changes related to the hedged assets.
Those hedging contracts are designated as cash flow hedges.
−Removed: In addition, we also entered into derivative instrument arrangements to hedge the Company’s exposure to currencies other than the U.S.
+Added: In addition, we also entered into derivative instrument arrangements to hedge the Company’s exposure to currencies other than the U.S.
dollar, mainly put and call options to sell Euro for U.S.
−Removed: dollars, put and call options to sell Australian dollars (“AUD”) for U.S.
−Removed: dollars and forward contracts to sell AUD for U.S.
+Added: dollars, forward contracts to sell AUD for U.S.
dollars, forward contracts to sell Euro for U.S.
dollars and forward contracts to sell U.S.
−Removed: dollars for South Korean Won (“KRW”).
+Added: dollars for KRW.
These derivative instruments are not designated as cash flow hedges.
−Removed: We had cash, cash equivalents and restricted cash of $223.8 million and $827.1 at the end of the year ending December 31, 2019 and the year ended December 31, 2020, respectively, which was held for working capital purposes.
+Added: We had cash, cash equivalents and restricted cash of $827.1 million and $530.1 million at the end of the year ending December 31, 2020 and the year ended December 31, 2021, respectively, which was held for working capital purposes.
We had available-for-sale marketable securities with an estimated fair value of 291.1 million and 650.0 million on December 31, 2020 and December 31, 2021, respectively.
−Removed: In addition, we had bank deposits of $5.0 million and $60.1 million as of December 31, 2019 and December 31, 2020, respectively.
−Removed: We had restricted bank deposits of $27.6 million and $2.6 million as of December 31, 2019 December 31, 2020, respectively.
+Added: In addition, we had bank deposits of $60.1 million as of December 31, 2020.
+Added: We had restricted bank deposits of $2.6 million and $1.9 million as of December 31, 2020 and December 31, 2021, respectively.
Additionally, our hedging activities may also contribute to increased losses as a result of volatility in foreign currency markets.
3 unchanged sentences
Our trade accounts receivables potentially expose us to a concentration of credit risk with our major customers.
−Removed: For the year ended December 31, 2020, one major customer accounted for 14.8% of our total revenues, and as of December 31, 2020, two major customers accounted for approximately 34.6% of our consolidated trade receivables balance.
−Removed: For the year ended December 31, 2019, one major customer accounted for 20.4% of total revenues, and as of December 31, 2019, one major customer accounted for approximately 32.1% of our consolidated trade receivables balance.
+Added: For the year ended December 31, 2021, two major customers accounted for 30.9% of our total revenues, and as of December 31, 2021, two major customers accounted for approximately 39.3% of our consolidated trade receivables balance.
+Added: For the year ended December 31, 2020, one major customer accounted for 14.8% of total revenues, and as of December 31, 2020, two major customers accounted for approximately 34.6% of our consolidated trade receivables balance.
We currently do not foresee a credit risk associated with these receivables.
4 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.