1 unchanged sentence
Interest Rate Risk
−Removed: We had cash and cash equivalents of approximately $859.2 million as of March 31, 2022.
+Added: We had cash and cash equivalents of approximately $821.0 million as of June 30, 2022.
We do not enter into investments for trading or speculative purposes.
12 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
−Removed: 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 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.
+Added: 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.
Inflation Risk
−Removed: We do not believe that inflation has had a material effect on our business, financial condition, or results of operations.
−Removed: If our costs become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
−Removed: Our inability or failure to do so could harm our business, financial condition, and operating results.
+Added: Inflation has the potential to adversely affect our liquidity, business, financial condition, and results of operations by increasing our overall cost structure, particularly if we are unable to achieve commensurate increases in the prices we charge our customers.
+Added: The existence of inflation in the economy has resulted in, and may continue to result in, higher interest rates and capital costs, shipping costs, supply shortages, increased costs of labor, weakening exchange rates, and other similar effects.
+Added: As a result of inflation, we have experienced and may continue to experience, cost increases.
+Added: Although we may take measures to mitigate the impact of this inflation, if these measures are not effective, our business, financial condition, results of operations, and liquidity could be materially adversely affected.
+Added: Even if such measures are effective, there could be a difference between the timing of when these beneficial actions impact our results of operations and when the cost of inflation is incurred.
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.