2 unchanged sentences
The market risk inherent in our financial instruments and in our financial position represents the potential loss arising from adverse changes in interest rates.
−Removed: As of December 31, 2019 and 2018, we had cash and cash equivalents of $95.9 million and $136.8 million, respectively.
+Added: As of December 31, 2020 and 2019, we had cash, cash equivalents and restricted cash of $18.2 million and $95.9 million, respectively.
We generally hold our cash in interest-bearing money market accounts or short-term investments that meet our policy for cash equivalents.
2 unchanged sentences
Due to the short-term maturities of our cash equivalents and the low risk profile of our investments, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our cash equivalents.
−Removed: The interest on the Solar Loan bears a floating annual rate of 6.50% plus the greater of (i) the rate per annum rate published by the Intercontinental Exchange Benchmark Administration Ltd.
−Removed: and (ii) 2.48%, provided that the minimum floor interest rate is 8.98%.
−Removed: Since execution of the Solar Term Loan, the rate has not changed from 8.98%.
−Removed: The interest rate on our 2023 and 2035 Notes is fixed.
+Added: The interest rate on all of our notes payable are fixed.
We do not currently engage in hedging transactions to manage our exposure to interest rate risk.
7 unchanged sentences
We do not currently engage in any hedging transactions to manage our exposure to foreign currency exchange rate risk.
+Added: In addition, the uncertainty that exists with respect to the economic impact of the global COVID-19 pandemic has introduced significant volatility in the financial markets subsequent to our quarter ended December 31, 2020, which could increase our foreign currency and interest rate risk.
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.