Risk Factors Update Summary
- Global economic uncertainty added as a risk factor. This change broadens the scope of potential economic challenges.
- Mention of disruptions in financial markets, rising interest rates, and inflation. These factors may impair ability to refinance or obtain new financing.
- Future outbreak of highly infectious diseases could materially impact congregate social activity and consumer spending.
- Increased focus on challenges in the real estate sector due to economic conditions. Heightened risks and uncertainties are impacting business performance.
- Future investment spending to be more selective until economic conditions improve. Cost of capital needs to return to acceptable levels.
- Limitation on investment spending due to elevated costs of capital. Investments to be primarily funded from cash, operations, and borrowing availability.
- Reduced investment spending due to elevated costs of capital. Investments to be funded primarily from cash, operations, and borrowing availability.
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.
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