4 unchanged sentences
This means that a change in prevailing interest rates may cause the fair value of the investment to fluctuate.
−Removed: To minimize this risk, we maintain our portfolio of cash equivalents and short-term investments in money market funds and certificates of deposit.
+Added: To minimize this risk, we maintain our portfolio of cash equivalents and short-term investments in money market funds and certificates of deposit, all of which are held for purposes other than trading.
Our investment in an auction rate security has been classified as non-current due to the lack of a liquid market for these securities.
Since our results of operations are not dependent on investments, the risk associated with fluctuating interest rates is limited to our investment portfolio, and we believe that a 10% change in interest rates would not have a significant impact on our results of operations.
−Removed: As of March 31, 2022, our investments were in money market funds, certificates of deposits and auction rate securities.
+Added: As of September 30, 2022, our investments were in money market funds, certificates of deposits and auction rate securities.
We are exposed to changes in interest rates as a result of our borrowings under our term loans and revolving lines of credit.
−Removed: The interest rates for the term loans and the revolving lines of credit ranged from 0.70% to 1.54% at March 31, 2022 and June 30, 2021.
−Removed: Based on the outstanding principal indebtedness of $547.5 million under our credit facilities as of March 31, 2022, we believe that a 10% change in interest rates would not have a significant impact on our results of operations.
+Added: The interest rates for the term loans and the revolving lines of credit ranged from 0.95% to 4.03% at September 30, 2022 and June 30, 2022.
+Added: Based on the outstanding principal indebtedness of $249.7 million under our credit facilities as of September 30, 2022, we believe that a 10% change in interest rates would not have a significant impact on our results of operations.
Foreign Currency Risk
5 unchanged sentences
Such fluctuations have not been significant historically.
−Removed: Foreign exchange loss for both the three and nine months ended March 31, 2022 was $0.5 million and $4.3 million, respectively, and for three and nine months ended March 31, 2021 was $2.0 million and $(1.6) million, respectively.
+Added: Realized and unrealized foreign exchange gain for the three months ended September 30, 2022 and 2021 was $7.8 million and $0.1 million, respectively.
+Added: SMCI | Q1 2023 Form 10-Q | 40
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.