Risk Factors Update Summary
- Increased expenses, particularly in posting, maintenance, and corporate expenses, could impact income significantly.
- Impairment charges of $463.5 million primarily related to MTA asset group could adversely affect financials.
- Failure to recover significant costs incurred for digital display platform operations could lead to impairment charges.
- Transition away from LIBOR may pose interest rate risk, with a 1/4% change impacting annual estimated interest expense by $1.5 million and $0.2 million.
- Sale of Canadian business could impact financials; Canadian business contributed approximately $92.1 million in 2023.
- Any impairment charges could have a material adverse effect on reported net income and operating income.
- Total indebtedness decreased from approximately $2.8 billion in 2022 to approximately $2.7 billion in 2023.
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=1579877&owner=exclude
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