Risk Factors Update Summary
- Experienced significant increase in food costs due to global inflationary pressures, expecting continued increases.
- Recent impact from increased staff costs due to labor shortages in Australia, affecting profitability.
- Did not renew an expiring land lease associated with McClelland Lake Lodge in Alberta, Canada.
- Labor shortages in Australia led to increased reliance on expensive temporary labor hire resources.
- Had an asset retirement obligation of $40 million for McClelland Lake Lodge as of December 31, 2023.
- Agreements covering 1,020 employees in Canada and 768 employees in Australia may negatively impact revenue.
- Goodwill impairments of $93.6 million recorded in 2020, impacting financials.
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=1590584&owner=exclude
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