5 unchanged sentences
Dividend Policy
−Removed: We have never declared nor paid any dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
+Added: We have never declared nor paid any cash dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
Stock Performance Graph
12 unchanged sentences
Stock Repurchase Program
−Removed: In October 2021, our board of directors authorized a $1.0 billion stock repurchase program (the “Repurchase Program”).
−Removed: This authorization allows us to repurchase shares of our common stock funded from working capital.
−Removed: The Repurchase Program expires in the fourth quarter of 2024.
−Removed: Repurchases may be made at management's discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing.
−Removed: The Repurchase Program does not obligate us to acquire any of our common stock and may be suspended or discontinued by us at any time without prior notice.
−Removed: We did not repurchase any shares during the three months ended December 31, 2023.
−Removed: For our repurchase activities made during the year ended December 31, 2023, please refer to Note 6.
+Added: From time to time, we repurchase shares of our common stock pursuant to the Repurchase Programs (as defined below) that are funded from working capital.
+Added: In April 2024, we completed repurchases under our previous $1.0 billion stock repurchase program (the “Prior Repurchase Program”).
+Added: In May 2024, our board of directors authorized and announced a new $1.2 billion stock repurchase program (the “New Repurchase Program” and together with the Prior Repurchase Program, the "Repurchase Programs"), which expires in May 2027.
+Added: The Repurchase Programs do not obligate us to acquire any of our common stock, and may be suspended or discontinued by the company at any time without prior notice.
+Added: During the year ended December 31, 2024, we repurchased a total of $279.0 million of our common stock under our New Repurchase Program and $144.6 million of our common stock under our Prior Repurchase Program.
+Added: As of December 31, 2024, the remaining authorized amount for stock repurchases under the New Repurchase Program was approximately $921.0 million.
+Added: Our repurchases for the three months ended December 31, 2024 are disclosed as below (in thousands, except per share amounts).
+Added: For our repurchase activities made for the year ended December 31, 2024, please refer to Note 6.
Stockholders' Equity and Stock-Based Compensation of the Notes to Consolidated Financial Statements included in Part II, Item 8, of this Annual Report on Form 10-K.
+Added: Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
+Added: October 1, 2024 - October 31, 2024 — $ — — $ 1,044,650
+Added: November 1, 2024 - November 30, 2024 (1) 1,306 94.80 1,306 920,854
+Added: December 1, 2024 - December 31, 2024 — — — 920,854
+Added: (1) November results have been adjusted to reflect the four-for-one stock split effected in December, 2024.
+Added: See Note 1,Organization and Summary of Accounting Policies, included in Part II, Item 8, of this Annual Report on Form 10-K for details.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.