Risk Factors Update Summary
- Loss of paying users due to non-renewal of contracts covering 77 million seat licenses could negatively impact net new paying users.
- The number of paying users increased from 17 million in 2022 to 18 million in 2023.
- The Board of Directors authorized the repurchase of up to $1 billion of outstanding shares in 2021.
- The number of issued patents decreased from over 1,550 to over 750 in 2023.
- The Board of Directors authorized the repurchase of an additional $600 million in 2022, totaling $1.2 billion.
- The number of pending patent applications decreased from over 300 to over 250 in 2023.
- The Board of Directors authorized the repurchase of up to $1 billion of outstanding shares in July 2022.
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=1467623&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.