Risk Factors Update Summary
- Addition of "financing costs" to risk factors, impacting agricultural industry economic health.
- Increase in net sales from $76 million in 2022 to $85 million in 2023.
- Evaluation of the impact of European Union's corporate alternative minimum tax rate of 15%.
- Increase in net monetary assets in Argentina from approximately $38.1 million to $80.4 million.
- Planned acquisition of Trimble Ag assets may result in substantial goodwill and additional indebtedness.
- Potential future disruptions in global supply chain and manufacturing operations due to geopolitical events.
- Increased disclosure requirements on GHG emissions and climate risks could impact access to capital.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=880266&owner=exclude
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