Risk Factors Update Summary
- Expansion into Digital and ALM services increases privacy and security risks due to hosting more customer data, resulting in regulatory exposure and contractual liability.
- The number of countries operated in increased from 60 to 63, impacting compliance and operational risks.
- The construction lead time for new data centers increased from 12-18 months to 24 months, affecting project timelines.
- Long-term debt increased from approximately $10.6 million to $12.6 million, impacting financial leverage.
- Total long-term debt increased from approximately $650 million to $634 million, affecting financial obligations.
- Cash and cash equivalents increased from approximately $141.8 million to $222 million, impacting liquidity.
- The United States Internal Revenue Service was referred to as the United States Department of the Treasury, affecting tax-related disclosures.
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=1020569&owner=exclude
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