11 unchanged sentences
In February 2022, we issued the 2028 Notes with an aggregate principal amount of $1.5 billion, the full amount of which is outstanding as of December 31, 2023.
−Removed: We carry the 2028 Notes at face value less the unamortized debt issuance costs on our consolidated balance sheets.
+Added: We carry the 2028 Notes at face value less the unamortized debt issuance
+Added: costs on our consolidated balance sheets.
The 2028 Notes have a fixed interest rate;
19 unchanged sentences
We therefore have not had material foreign currency risk associated with revenue and cost-based activities.
−Removed: However, due to fluctuations in exchange rates resulting from the current macroeconomic environment, and in particular, a strengthening of the U.S.
−Removed: dollar in relation to the Euro and British Pound, we have, and may in the future experience negative impacts to
−Removed: our revenue and operating expenses denominated in currencies other than the U.S.
+Added: However, due to fluctuations in exchange rates, we have experienced, and may in the future experience, negative impacts to our revenue and operating expenses denominated in currencies other than the U.S.
The functional currency of our material operating entities is the U.S.
−Removed: For all periods presented, we believe the exposure to foreign currency fluctuation from operating expenses is immaterial as the related costs do not constitute a significant portion of our total expenses.
+Added: For the periods presented, we believe the exposure to foreign currency fluctuation from operating expenses is immaterial as the related costs do not constitute a significant portion of our total expenses.
As we grow operations, our exposure to foreign currency risk will likely become more significant.
−Removed: For all periods presented, we did not enter into any foreign currency exchange contracts.
+Added: For the periods presented, we did not enter into any foreign currency exchange contracts.
We may, however, enter into foreign currency exchange contracts for purposes of hedging foreign exchange rate fluctuations on our business operations in future operating periods as our exposures are deemed to be material.
1 unchanged sentence
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.