Risk Factors Update Summary
- Added risks related to the Red Sea Conflict and war in Ukraine, impacting volatility.
- Passive safety content per vehicle increased to $261 in 2023 from $255 in 2022.
- Competition in the passive safety systems market intensified, affecting future business prospects.
- Outstanding debt increased to $1.9 billion in 2023 from $1.8 billion in 2022.
- Patents and patent applications will expire between 2024 and 2043, potentially impacting costs.
- More than 6,500 patents and patent applications are held, providing protection for innovations.
- Potential tax changes in various jurisdictions could impact financial results and tax rate estimation.
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=1034670&owner=exclude
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