Risk Factors Update Summary
- Addition of "high level of sustained inflation" to risk factors. This change might result in increased operational costs and reduced profitability.
- Increase in total consolidated indebtedness from $2.59 billion to $3 billion. This change highlights a significant rise in debt levels.
- Change from "salaries and other compensation expense" to "operating expenses" as a significant portion. This change could impact cost management strategies.
- Addition of "cease" instead of "increase" in bankruptcy filings involving liquidations. This change indicates a potential halt in operations.
- Mention of "nonperforming loans that ultimately prove to be unprofitable" added. This may lead to financial losses.
- Change from "loss contingency accruals may not be" to "could negatively impact our" liquidity. This change emphasizes potential financial risks.
- Inclusion of "insolvent" instead of "insolvency" for third-party risks. This change highlights potential operational disruptions.
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=1185348&owner=exclude
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