11 unchanged sentences
Our cash and cash equivalents are not subject to significant interest rate risk due to the short maturities of these instruments.
−Removed: As of June 30, 2022, the carrying value of our cash and cash equivalents approximated fair value.
+Added: As of September 30, 2022, the carrying value of our cash and cash equivalents approximated fair value.
Our return on these investments is subject to interest rate fluctuations.
−Removed: As of June 30, 2022 and December 31, 2021, we had cash and cash equivalent investments primarily in money market funds with maturities of 90 days or less of $648.3 million and $694.8 million, respectively.
+Added: As of September 30, 2022 and December 31, 2021, we had cash and cash equivalent investments primarily in demand deposit accounts with maturities of 90 days or less of $621.9 million and $694.8 million, respectively.
We do not have interest rate risk on our outstanding long-term debt as these arrangements have fixed interest rates.
1 unchanged sentence
To date, we have not entered into interest rate hedging transactions to control or minimize certain of these risks.
−Removed: In connection with the Separation, we retained an interest in Consensus, which was valued at approximately $72.5 million as of June 30, 2022, based upon the quoted market price of Consensus common stock.
+Added: In connection with the Separation, we retained an interest in Consensus, which was valued at approximately $54.9 million as of September 30, 2022, based upon the quoted market price of Consensus common stock.
Our results of operations and financial condition have been and may be materially impacted by increases or decreases in the price of Consensus common stock, which is traded on the Nasdaq Global Select Market.
−Removed: The Company recorded a realized loss of approximately $48.2 million and an unrealized loss of approximately $27.3 million on its investment in Consensus during the six months ended June 30, 2022.
−Removed: The carrying value of our investment in Consensus at June 30, 2022 was $72.5 million, or approximately 2.0% of the Company’s consolidated total assets.
+Added: The Company recorded a realized gain of approximately $0.5 million and an unrealized gain of approximately $4.2 million on its investment in Consensus during the three months ended September 30, 2022.
+Added: The Company recorded a realized loss of approximately $47.8 million and an unrealized loss of approximately $14.2 million on its investment in Consensus during the nine months ended September 30, 2022.
+Added: The carrying value of our investment in Consensus at September 30, 2022 was $54.9 million, or approximately 1.6% of the Company’s consolidated total assets.
A $2.00 increase or decrease in the share price of Consensus common stock would result in an unrealized gain or loss, respectively, of approximately $2.3 million.
12 unchanged sentences
Our objective in managing foreign exchange risk is to minimize the potential exposure to changes that exchange rates might have on earnings, cash flows and financial position.
−Removed: During the three months ended June 30, 2022 and 2021, foreign exchange gains (losses) amounted to $6.6 million and $(0.9) million, respectively.
−Removed: During the six months ended June 30, 2022 and 2021, foreign exchange gains (losses) amounted to $8.8 million and $(0.4) million, respectively.
−Removed: Cumulative translation adjustments, net of tax, included in other comprehensive income for the three months ended June 30, 2022 and 2021 were $(24.3) million and $3.3 million, respectively, and for the six months ended June 30, 2022 and 2021 were $(30.5) million and $(5.2) million, respectively
+Added: During the three months ended September 30, 2022 and 2021, foreign exchange gains amounted to $3.4 million and $0.2 million, respectively.
+Added: During the nine months ended September 30, 2022 and 2021, foreign exchange gains (losses) amounted to $12.3 million and ($0.6 million), respectively.
+Added: Cumulative translation adjustments, net of tax, included in other comprehensive income for the three months ended September 30, 2022 and 2021 were $24.8 million and $11.1 million, respectively, and for the nine months ended September 30, 2022 and 2021 were $55.3 million and $16.3 million, respectively
We currently do not have derivative financial instruments for hedging, speculative or trading purposes and therefore are not subject to such hedging risk.
1 unchanged sentence
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.