16 unchanged sentences
Bitcoin Market Price Risk
−Removed: As of December 31, 2022, we had made cumulative investments in bitcoin of $220.0 million.
−Removed: Our investment in bitcoin is accounted for as an indefinite-lived intangible asset, and thus, is subject to impairment losses if the fair value of bitcoin decreases below the carrying value during the assessed reporting period.
−Removed: Impairment losses cannot be recovered for any subsequent increase in fair value until the sale of the asset.
−Removed: We recorded an impairment charge on our investment in bitcoin of $46.6 million in the year ended December 31, 2022 due to the observed market price of bitcoin decreasing below the carrying value during the period.
−Removed: As of December 31, 2022, the cumulative impairment charges to date were $117.7 million and the fair value of the investment in bitcoin was $132.7 million based on observable market prices, which is $30.4 million in excess of our carrying value of $102.3 million after impairment charges.
−Removed: Any decreases to the carrying value of bitcoin investments are recorded in operating expenses on the consolidated statements of operations.
−Removed: A hypothetical 10% increase or decrease in the market price of bitcoin would not have a material effect on our financial results.
+Added: Our bitcoin investment is measured using observed prices from active exchanges which could result in volatility in our financial results in future periods.
+Added: Adjustments are recorded in net income through “other expense (income), net” on the consolidated statements of operations.
+Added: As of December 31, 2023, the fair value of our bitcoin investment included in other non-current assets was $339.9 million.
+Added: A hypothetical 10% increase or decrease in the fair value of our bitcoin investment would not have a material effect on our financial results.
Interest Rate Sensitivity
9 unchanged sentences
dollars and, subsequent to the acquisition of Afterpay, a portion is earned in Australian Dollars.
+Added: Our exposure to other foreign currencies would not have a material effect on our financial results.
Our foreign operations are denominated in the currencies of the countries in which our operations are located, and may be subject to fluctuations due to changes in foreign currency exchange rates.
2 unchanged sentences
We do not use derivative financial instruments for trading or speculative purposes.
−Removed: Gains and losses from foreign currency transactions, as well as foreign exchange forward contracts, were not significant for the any period presented in the consolidated financial statements included in this Form 10-K.
−Removed: We did not have any material foreign currency derivatives outstanding as of December 31, 2022.
+Added: Gains and losses from foreign currency transactions, as well as foreign exchange forward contracts, were not significant for any period presented in the consolidated financial statements included in this Annual Report on Form 10-K.
+Added: We did not have any material gains and losses from foreign currency derivatives outstanding as of December 31, 2023.
A hypothetical 10% increase or decrease in current exchange rates on our financial instruments would not have a material effect on our financial results.
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.