7 unchanged sentences
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 December 31, 2022, our investments were in money market funds, certificates of deposits and auction rate securities.
+Added: As of March 31, 2023, 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 1.075% to 5.88% at December 31, 2022 and 0.825% to 4.004% at June 30, 2022.
−Removed: Based on the outstanding principal indebtedness of $170.1 million under our credit facilities as of December 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 1.2% to 6.87% at March 31, 2023 and 0.825% to 4.004% at June 30, 2022.
+Added: Based on the outstanding principal indebtedness of $187.2 million under our credit facilities as of March 31, 2023, 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: Realized and unrealized foreign exchange loss for the three months ended December 31, 2022 was $6.9 million and realized and unrealized gain for the six months ended December 31, 2022 was $0.9 million.
−Removed: Realized and unrealized foreign exchange loss for both the three and six months ended December 31, 2021 was $0.7 million.
+Added: Realized and unrealized foreign exchange loss for the three months ended March 31, 2023 was $1.2 million and realized and unrealized loss for the nine months ended March 31, 2023 was $0.4 million.
+Added: Realized and unrealized foreign exchange gain for the three and nine months ended March 31, 2022 was $4.6 million and $3.9 million, respectively.
SMCI | Q3 2023 Form 10-Q | 44
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.