14 unchanged sentences
The interest paid on our credit facilities is based on variable reference rates and an interest margin.
−Removed: At December 31, 2023, we had no amounts outstanding under our revolving credit facilities.
+Added: At December 31, 2024, we had $136 million outstanding under our revolving
+Added: credit facilities.
dollar borrowings under the revolving credit commitment will bear interest at SOFR plus 2.10%.
11 unchanged sentences
We do not utilize derivatives or other financial instruments for trading or other speculative purposes.
−Removed: Our significant foreign subsidiaries are located in Germany, Israel, and Asia.
−Removed: We finance our operations in Europe and certain locations in Asia in local currencies.
−Removed: operations in Israel and most significant locations in Asia are largely financed in U.S.
+Added: Our significant foreign subsidiaries are located in Germany, Israel, the United Kingdom, and Asia.
+Added: We finance our operations in Europe and certain locations in Asia in
+Added: local currencies.
+Added: Our operations in Israel, the United Kingdom, and most significant locations in Asia are largely financed in U.S.
dollars, but these subsidiaries also have significant transactions in local currencies.
−Removed: Our exposure to foreign currency risk is mitigated to the extent that the
−Removed: costs incurred and the revenues earned in a particular currency offset one another.
−Removed: Our exposure to foreign currency risk is more pronounced in Israel, the Czech Republic, and China because the percentage of expenses denominated in Israeli shekels,
−Removed: Czech koruna, and Chinese renminbi to total expenses is much greater than the percentage of sales denominated in Israeli shekels, Czech koruna, and Chinese renminbi to total sales.
−Removed: Therefore, if the Israeli shekel, Czech koruna, and Chinese renminbi
−Removed: strengthen against all or most of our other major currencies, our operating profit is reduced.
−Removed: Where possible, we maintain local currency denominated cash balances in these countries approximately equal to the local currency liabilities to naturally
−Removed: hedge our exposures.
+Added: Our exposure to foreign
+Added: currency risk is mitigated to the extent that the costs incurred and the revenues earned in a particular currency offset one another.
+Added: Our exposure to foreign currency risk is more pronounced in Israel, the Czech Republic, the United Kingdom, and
+Added: China because the percentage of expenses denominated in Israeli shekels, Czech koruna, British sterling and Chinese renminbi to total expenses is much greater than the percentage of sales denominated in Israeli shekels, Czech koruna, British
+Added: sterling, and Chinese renminbi to total sales.
+Added: Therefore, if the Israeli shekel, Czech koruna, British sterling, and Chinese renminbi strengthen against all or most of our other major currencies, our operating profit is reduced.
+Added: Where possible, we
+Added: maintain local currency denominated cash balances in these countries approximately equal to the local currency liabilities to naturally hedge our exposures.
We also have a slightly higher percentage of euro-denominated sales than expenses.
1 unchanged sentence
Accordingly, we monitor several important cross-rates.
−Removed: Upon completion of the acquisition of Nexperia's Newport wafer fab, we anticipate greater exposure to British sterling, where costs incurred in British sterling are expected to exceed sales
−Removed: denominated in British sterling.
−Removed: The acquisition price for Nexperia's Newport wafer fab is denominated in U.S.
We have performed sensitivity analyses of our consolidated foreign exchange risk as of December 31, 2024, using a model that measures the change in the values arising from a hypothetical 10% adverse movement in foreign currency exchange rates relative to the U.S.
2 unchanged sentences
The foreign currency exchange rates we used were based on market rates in effect at December 31, 2024.
−Removed: sensitivity analyses indicated that a hypothetical 10% adverse movement in foreign currency exchange rates would impact our net earnings by approximately $15.3 million at December 31, 2023, although individual line items in our consolidated statement of operations would be materially affected.
−Removed: For example, a 10% weakening in all foreign currencies would decrease the U.S.
+Added: sensitivity analyses indicated that a hypothetical 10% adverse movement in foreign currency exchange rates would impact our net earnings by approximately $23.2 million at December 31, 2024.
+Added: The impact on individual line items in our consolidated statement of operations or on individual subsidiaries could be materially different.
+Added: For example, a 10% weakening in all foreign
+Added: currencies would decrease the U.S.
dollar equivalent of operating income generated in foreign currencies, which would be offset by foreign exchange gains of our foreign subsidiaries that have significant transactions in U.S.
dollars or have the U.S.
−Removed: dollar as their functional
+Added: dollar as their functional currency.
A change in the mix of the currencies in which we transact our business could have a material effect on the estimated impact of the hypothetical 10% movement in the
38 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.