5 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Approximately 55.6% and 56.4% of our revenues for the six months ended June 30, 2022, and 2021, respectively, were earned in non U.S.
+Added: Approximately 59.5% and 57.1% of our revenues for the nine months ended September 30, 2022 , 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, New Israeli Shekel ("NIS"), Euro, and to a lesser extent, the South Korean Won ("KRW").
+Added: dollar, New Israeli Shekel ("NIS"), Euro, and to a lesser extent, the South Korean Won ("K RW").
Our NIS denominated expenses consist primarily of personnel and overhead costs.
1 unchanged sentence
A hypothetical 10% change in foreign currency exchange rates between the Euro and the U.S.
−Removed: dollar would increase or decrease our net income by $52.4 million for the six months ended June 30, 2022.
+Added: dollar would increase or decrease our net income by $85.9 million for the nine months ended September 30, 2022.
A hypothetical 10% change in foreign currency exchange rates between the NIS and the U.S.
−Removed: dollar would increase or decrease our net income by $15.4 million for the six months ended June 30, 2022.
+Added: dollar would increase or decrease our net income by $32.8 million for the nine months ended September 30, 2022.
For purposes of our consolidated financial statements, local currency assets and liabilities are translated at the rate of exchange to the U.S.
4 unchanged sentences
In addition, we also entered into derivative financial instruments to hedge the Company’s exposure to currencies other than the U.S.
−Removed: dollar, mainly forward contracts and put and call options to buy and sell Euro for U.S.
−Removed: dollars, forward contracts to sell AUD for U.S.
−Removed: dollars and forward contracts to sell U.S.
−Removed: dollars for KRW.
+Added: dollar, mainly forward contracts to sell Euro and AUD for U.S.
These derivative instruments are not designated as cash flow hedges.
1 unchanged sentence
Our trade accounts receivables potentially expose us to a concentration of credit risk with our major customers.
−Removed: As of June 30, 2022, one major customer accounted for approximately 25.1% of our consolidated trade receivables balance.
−Removed: As of June 30, 2021, two major customers accounted for approximately 30.5% of our consolidated trade receivables balance.
−Removed: For the three months ended June 30, 2022, one major customer accounted for approximately 23.9% of our total revenues.
−Removed: For the three months ended June 30, 2021 two customers accounted for approximately 27.6% of our total revenues.
−Removed: For the six months ended June 30, 2022 and 2021 one customer accounted for approximately 23.7% and 18.9% of our total revenues, respectively.
+Added: As of September 30, 2022 and 2021 , two major customers accounted for approximately 27.7% and 29.1% of our consolidated trade receivables balance, respectively.
+Added: For the three months ended September 30, 2022 and 2021 , two major customers accounted for approximately 27.4% and 28.1% of our total revenues, respectively.
+Added: For the nine months ended September 30, 2022 and 2021 one and two major customers accounted for approximately 20.1% and 28.3% of our total revenues, respectively.
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.