1 unchanged sentence
We are exposed to market risk related to changes in interest rates.
−Removed: We had cash, cash equivalents, restricted cash and short-term investments of $111.3 million and $250.4 million as of December 31, 2019 and 2018, respectively, inclusive of 35.7 million and $0.7 million of restricted cash as of December 31, 2019 and 2018, respectively, consisting of cash, U.S.
−Removed: Government money market funds, corporate bonds and commercial paper of publicly traded companies.
+Added: We had cash, cash equivalents, restricted cash and investments of $147.5 million and $111.3 million as of December 31, 2020 and 2019, respectively, inclusive of 0.2 million and $35.7 million of restricted cash as of December 31, 2020 and 2019, respectively, consisting of cash, U.S.
+Added: Government money market funds, government bonds, corporate bonds and commercial paper of publicly traded companies.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
6 unchanged sentences
As of December 31, 2020, an immaterial amount of our total liabilities was denominated in currencies other than the functional currency.
−Removed: As of December 31, 2019, we have borrowed $35.0 million under the 2019 Term Loan Agreement.
−Removed: The 2019 Term Loan Agreement bears interest per annum equal to the greater of either (a) 9.75% or (b) the lesser of (i) 12.00% and (ii) the sum of (x) 9.75% plus (y) (A) the prime rate minus (B) 5.50%.
−Removed: Changes in interest rates can cause interest charges to fluctuate under the 2019 Term Loan Agreement.
−Removed: A 10% increase in current interest rates would have resulted in an immaterial increase in the amount of cash interest expense for the year ended December 31, 2019.
−Removed: The Notes bear interest at a fixed rate and therefore have minimal exposure to changes in interest rates;
+Added: The 2018 Notes and 2020 Notes bear interest at a fixed rate and therefore have minimal exposure to changes in interest rates;
however, because these interest rates are fixed, we may be paying a higher interest rate, relative to market, in the future if our credit rating improves or other circumstances change.
3 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.