Risk Factors Update Summary
- Cash purchase price for acquisitions decreased significantly from $479 million to $139 million.
- Total debt outstanding increased from $3.31 billion to $3.34 billion, with bank debt rising from $985 million to $1.01 billion.
- Seller notes decreased from $106 million to $101 million, impacting the Company's debt structure.
- The Company may utilize available NOL carry forwards to offset future taxable income.
- The Company tested goodwill for impairment on December 31, 2023, with no impairment charge required.
- Uncertainty surrounds the classification of the Operating Partnership as a "publicly traded partnership."
- Contracts subject to renewal or expiration in 2023 increased from 4 to 6, posing potential risks.
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=1090425&owner=exclude
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