12 unchanged sentences
treasury securities, U.S.
−Removed: agency obligations, corporate bonds, commercial paper, money market funds, and marketable equity investments.
−Removed: The cash, cash equivalents, and marketable securities are held primarily for working capital purposes.
+Added: agency obligations, corporate bonds, commercial paper, money market funds, and asset-backed securities.
+Added: The cash, cash equivalents, and marketable securities are held primarily for working capital and general corporate purposes.
Our investment portfolios are managed to preserve capital and meet liquidity needs.
4 unchanged sentences
Further, since our debt securities are classified as “available-for-sale,” if the fair value of the security declines below its amortized cost basis, then any portion of that decline attributable to credit losses, to the extent expected to be nonrecoverable before the sale of the impaired security, is recognized on the Consolidated Statements of Operations.
−Removed: An immediate increase or decrease of 100 basis points in interest rates would have resulted in an approximately $57 million market value reduction or increase in our investment portfolio as of January 31, 2024.
−Removed: An immediate increase or decrease of 100 basis points in interest rates would have resulted in an approximately $29 million market value reduction or increase in our investment portfolio as of January 31, 2023.
+Added: A hypothetical increase or decrease of 100 basis points in interest rates would have resulted in an approximately $89 million market value reduction or increase in our investment portfolio as of January 31, 2025.
+Added: A hypothetical increase or decrease of 100 basis points in interest rates would have resulted in an approximately $57 million market value reduction or increase in our investment portfolio as of January 31, 2024.
This estimate is based on a sensitivity model that measures market value changes when changes in interest rates occur.
7 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.