Risk Factors Update Summary
- Increased interest rates in 2023 will impact borrowing costs, potentially negatively affecting financial results.
- Change in wording from "could" to "may" regarding potential impact on tax liabilities.
- Potential tax liabilities due to changes in tax regimes and thresholds, including $600 net payments.
- Restructuring plan may heighten risks in strategic hires, expansion, and personal data handling.
- Reference to the increase in the separation and distribution agreement from 29 to 32.
- Acquisition of Adevinta shares resulted in significant gains and losses in 2023, impacting financials.
- Delay in IRS rule for $600 threshold transactions to 2025 may affect tax reporting.
- Clarification that an opinion was received regarding tax liabilities related to the Distribution.
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=1065088&owner=exclude
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