Risk Factors Update Summary
- Fleet composition shifted from 88% to 90% program vehicles, impacting flexibility and depreciation.
- Ongoing military conflicts may lead to significant volatility in costs, including fuel.
- Increased debt from $18 billion to $23 billion, with unhedged interest-sensitive debt rising from $5 billion to $7 billion.
- Full expensing provision started to phase out over five years, potentially impacting tax obligations.
- New privacy laws in various states may increase operating costs and penalties for non-compliance.
- Data transfer mechanisms face legal uncertainty, affecting the processing and transfer of personal data.
- Failure to meet Payment Card Industry data security standards could result in increased fees.
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=723612&owner=exclude
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