Risk Factors Update Summary
- Reduced Five-Year Commitments under revolving credit facility from $1.51 billion to $750 million.
- Revenues derived from non-linear television sources increased from 42% to 44%.
- Entered into a $650 million share repurchase program, expiring on December 31, 2025.
- Renewed distribution agreements with major MVPDs, increasing revenue source from 47% to 52%.
- Intangible assets decreased from $5.36 billion to $5.31 billion, representing 73% to 76% of total assets.
- Extended term and reduced commitments under revolving credit facility, impacting borrowing capacity.
- Repurchased $300 million and $325 million of common stock through ASR programs.
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.
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