1 unchanged sentence
Interest Rate Risk
−Removed: We had cash and cash equivalents of approximately $718.6 million as of September 30, 2021.
+Added: We had cash and cash equivalents of approximately $859.2 million as of March 31, 2022.
We do not enter into investments for trading or speculative purposes.
−Removed: Our debt obligations related to the Notes are long-term in nature with fixed interest rates.
We have not been exposed, nor do we anticipate being exposed to material risks due to changes in interest rates.
+Added: A hypothetical 10% increase in interest rates during any of the periods presented would not have had a material impact on our consolidated financial statements.
+Added: We are primarily potentially exposed to changes in short-term interest rates with respect to our cost of borrowing under our Credit Agreement, from which we have yet to draw on.
+Added: Our debt obligations related to the Notes are long-term in nature with fixed interest rates.
+Added: We monitor our cost of borrowing, taking into account our funding requirements, and our expectations for short-term rates in the future.
+Added: A hypothetical 10% change in the interest rate on our Credit Agreement for all periods presented would not have a material impact on our consolidated financial statements.
Foreign Currency Risk
5 unchanged sentences
Our operating results and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates.
−Removed: However, we believe that the exposure to foreign currency fluctuation from operating expenses is relatively small at this time as the related costs do not constitute a significant portion of our total expenses.
−Removed: As of September 30, 2021, the effect of a hypothetical 10% change in foreign currency exchange rates would not have had a material impact to our consolidated results of operations.
+Added: However, we believe that the exposure to foreign currency fluctuation from
+Added: operating expenses is relatively small at this time as the related costs do not constitute a significant portion of our total expenses.
+Added: As of March 31, 2022, the effect of a hypothetical 10% change in foreign currency exchange rates would not have had a material impact to our consolidated results of operations.
Inflation Risk
3 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.