Risk Factors Update Summary
- Added ESG risks: Increased focus on ESG issues may negatively impact operations and reputation.
- Expanded compliance risks due to selling goods to third parties, facing civil or criminal actions.
- Intellectual Property: Lawsuits related to IP could affect profitability and cash flows.
- Increased compliance costs due to EU MDR activities costing $46 million in 2023.
- Cybersecurity: Failure to comply with data privacy laws may result in penalties and liabilities.
- Acquisition of Acclarent for $275.0 million with potential regulatory approval challenges.
- Tax Risks: New global tax framework and changes in tax laws could impact taxes paid.
- Workforce Challenges: Labor shortages and competition may impact employee retention and performance.
- Debt Exposure: Total consolidated external debt decreased from $1.5 billion to $1.4 billion.
- Data Privacy Regulations: Increased privacy laws could lead to financial penalties and compliance costs.
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=917520&owner=exclude
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