Risk Factors Update Summary
- Revenue from U.S. operations increased to 74% in 2023 from 72% in 2022.
- Revenue from Europe decreased to 33% in 2023 from 38% in 2022.
- No impairments to intangible assets and goodwill in 2023, but recorded impairment loss for right of use assets.
- Revenue from Asia Pacific increased to 33% in 2023 from 30% in 2022.
- Currency translation adjustments resulted in gains of $15.1M in 2023 and losses of $22.0M in 2022.
- Currency exchange rate changes impacted revenue: -$168.0M in 2022, +$43.3M in 2021.
- Acquired 21 businesses by 2023, up from 15 in 2022, potentially increasing legal compliance risks.
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.
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