3 unchanged sentences
Our cash, cash equivalents, and restricted cash consists of bank deposits and money market funds, which totaled $138.3 million and $401.5 million at December 31, 2022 and 2021, respectively.
−Removed: Such interest-bearing instruments carry a degree of risk; however, because our investments are primarily high-quality credit instruments with short-term durations with high-quality institutions, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
+Added: Such interest-bearing instruments carry a degree of risk.
+Added: However, because our investments are primarily high-quality credit instruments with short-term durations with high-quality institutions, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
A 100 basis point change in interest rates would not have a material effect on the fair market value of our cash, cash equivalents and restricted cash.
−Removed: Our loans and financing obligations are recorded at amortized cost and are set at fixed interest rates.
−Removed: As a result, fluctuations in interest rates would not impact our financial statements.
−Removed: However, the fair value of our debt will generally fluctuate with movements of interest rates.
−Removed: Additional information on our long-term debt can be found in Sema4’s consolidated financial statements in Note 8, “Long-Term Debt.”
+Added: The majority of our cash, cash equivalents and restricted cash are uninsured with account balances in excess of the Federal Deposit Insurance Company limits.
+Added: On March 14, 2023, we announced full access to our capital with nearly 100% of the Company’s cash and cash equivalents held in an institution designated as systematically important financial institutions.
+Added: The revolving credit facility under the SVB Agreement includes variable interest rate terms for the outstanding principal amount of any advance.
+Added: Therefore, changes change in interest rates can impact our interest payments we are obligated to pay.
+Added: As of December 31, 2022, no amounts have been drawn under the SVB Agreement.
+Added: A dditional information on our long-term debt can be found in out audited financial statements in Note 8, “Long-Term Debt.”
+Added: Table of Content
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.