Risk Factors Update Summary
- Cost of acquiring new rental trucks has significantly increased. This could materially affect operations.
- Introduction of laws favoring electric, autonomous, and connected vehicles may impact fleet composition.
- Expansion of electric vehicles could require infrastructure improvements, affecting current business model.
- Cybersecurity incidents pose significant risks. Breaches could lead to operational disruptions and financial losses.
- Company is highly leveraged with total debt of $6.3 billion and lease liabilities of $55.4 million.
- Ownership structure changes may impact corporate governance standards and decision-making processes.
- Terrorist attacks could negatively impact operations, profitability, and reputation, leading to potential liability.
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=4457&owner=exclude
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