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Risk Factors Update Summary
- The estimated fair value of the AmeriGas Propane reporting unit was determined to be less than its carrying value. This resulted in a non-cash pre-tax goodwill impairment charge of $195 million in Fiscal 2024.
- The company recorded a non-cash pre-tax goodwill impairment charge of $656 million in Fiscal 2023. This indicates significant financial challenges within the AmeriGas Propane reporting unit.
- AmeriGas Propane purchased approximately 87% of its propane needs from 20 suppliers in Fiscal 2024, up from 85% in Fiscal 2023. This change may affect supply chain stability.
- The potential for additional impairment in the AmeriGas Propane reporting unit is heightened due to the global economic environment and higher interest rates. This could impact future financial results significantly.
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=884614&owner=exclude
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