Risk Factors Update Summary
- Power costs accounted for 8.9% in 2023, up from 8.6% in 2022, impacting operating expenses.
- Increase in issued and outstanding shares from 269 to 283 may dilute ownership.
- Number of employees increased from 15,484 in 2022 to 15,706 in 2023.
- Reduction in outstanding shares from 814 to 699 could impact voting power.
- Leasehold interests decreased from 59 to 57 in 2023, affecting financial conditions.
- Significant decrease in outstanding shares from 956 to 120 may affect ownership.
- Fixed-rate indebtedness decreased from $829 million to $833 million in 2023.
- Variable-rate indebtedness decreased from $1.3 billion to $1.2 billion in 2023.
- Weighted-average remaining lease term increased from 26 to 29 years in 2023.
- Number of warehouses predominantly single-customer increased from 45 to 50 in 2023.
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=1455863&owner=exclude
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