Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Added caution on reliance on top customers: Top 10 SCS customers accounted for about 40% of revenue in 2023, down from about 42% in 2022.
  • Increased labor costs due to shortages: Experienced high labor costs due to labor shortage challenges.
  • Tax implications: Aggregate projected benefit obligations of global defined pension plans increased from $1.7 billion in 2022 to $1.9 billion in 2023.
  • Legal and regulatory risks: Facing increased environmental disclosure requirements and compliance challenges.
  • Operational risks: Added emphasis on the impact of labor disputes on financial position, operations, and cash flows.
  • Financial risks: Outstanding indebtedness increased from $6.4 billion in 2022 to $7.2 billion in 2023.
  • Technology risks: Emphasized the need to upgrade IT systems to support business operations effectively.

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=85961&owner=exclude

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