Risk Factors Update Summary
- The company's growth strategy now relies on acquisitions, including the 2023 Acquisitions, to expand operations.
- The company may face increased scrutiny and negative sentiment due to unfavorable ESG ratings.
- The company's total long-term indebtedness increased from $1.12 billion in 2022 to $1.63 billion in 2023.
- The company's federal NOL carryforwards increased from $1.5 billion to $2 billion.
- The company's state of Oklahoma NOL carryforwards increased from $523.7 million to $546.6 million.
- The company may incur substantial additional indebtedness, impacting its cost of and access to capital.
- The company faces risks related to tax laws, including potential changes that could affect its financial condition.
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=1528129&owner=exclude
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