33 unchanged sentences
share Total number of shares purchased as part of
−Removed: publicly announced plans or programs Maximum number of shares
+Added: publicly announced plans or programs (2)
+Added: Maximum number of shares
(or approximate dollar value) that may yet be
8 unchanged sentences
There is no timeframe to complete the share repurchase program and it is expected that share repurchases will be paid using existing and future cash generated by operations.
+Added: (3) On March 23, 2021, the Board of Directors of FactSet approved a $205.6 million increase to the existing share repurchase program.
+Added: As of August 31, 2021, a total of $199.9 million remained available for future share repurchases under the program.
Securities Authorized for Issuance under Equity Compensation Plans – refer to Item 12.
1 unchanged sentence
Stock Performance Graph
−Removed: The annual changes for the five-year period shown in the graph below assume $100 had been invested in our common stock, the Standard & Poor’s 500 Index, the NYSE Composite Index, the Dow Jones U.S.
+Added: The annual changes for the five-year period shown in the graph below assume $100 had been invested in our common stock, the Standard & Poor’s 500 Index, the Dow Jones U.S.
Financial Services Index, and the S&P 500 Financial Exchange and Data Index on August 31, 2016, or the origination date of each respective index.
−Removed: We are adding the S&P 500 Financial Exchange and Data Index as a comparison peer group this year, in lieu of the NYSE Composite Index, as we believe it is reflective of the stock performance of other companies that provide services similar to ours and will provide a more meaningful comparison of our stock performance to investors.
−Removed: The NYSE Composite Index is shown below for comparison purposes in the transitional year.
The total cumulative dollar returns shown on the graph represent the value that such investments would have had on August 31, 2021.
4 unchanged sentences
S&P 500 Index $ 100 $ 114 $ 134 $ 135 $ 161 $ 208
−Removed: NYSE Composite Index $ 100 $ 106 $ 117 $ 128 $ 125 $ 128
Dow Jones U.S.
1 unchanged sentence
S&P 500 Financial Exchanges and Data $ 100 $ 119 $ 155 $ 191 $ 222 $ 276
−Removed: The information contained in the above graph shall not be deemed to be soliciting material or filed or incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, except to the extent that FactSet specifically incorporates it by reference into a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.
+Added: The information contained in the above graph shall not be deemed to be soliciting material or filed or incorporated by reference in future filings with the SEC, or subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, except to the extent that we specifically incorporate it by reference into a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.
SELECTED FINANCIAL DATA
−Removed: The following selected financial data has been derived from our Consolidated Financial Statements.
−Removed: This financial data should be read in conjunction with Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8.
−Removed: Financial Statements and Supplementary Dat a, of this Annual Report on Form 10-K.
−Removed: Consolidated Statements of Income Data
−Removed: For the year ended August 31,
−Removed: (in thousands, except per share data) 2020 2019 2018 2017 2016
−Removed: Revenue $ 1,494,111 $ 1,435,351 $ 1,350,145 $ 1,221,179 $ 1,127,092
−Removed: Operating income $ 439,660 $ 438,035 $ 366,204 $ 352,135 $ 349,676
−Removed: Provision for income taxes $ 54,196 $ 69,175 $ 84,753 $ 86,053 $ 122,178
−Removed: Net income $ 372,938 $ 352,790 $ 267,085 $ 258,259 $ 338,815
−Removed: Diluted earnings per common share $ 9.65 $ 9.08 $ 6.78 $ 6.51 $ 8.19
−Removed: Diluted weighted average common shares 38,646 38,873 39,377 39,642 41,365
−Removed: Cash dividends declared per common share $ 2.98 $ 2.72 $ 2.40 $ 2.12 $ 1.88
−Removed: Consolidated Balance Sheets Data
−Removed: As of August 31,
−Removed: (in thousands) 2020 2019 2018 2017 2016
−Removed: Cash and cash equivalents $ 585,605 $ 359,799 $ 208,623 $ 194,731 $ 228,407
−Removed: Accounts receivable, net of reserves $ 155,011 $ 146,309 $ 156,639 $ 148,331 $ 97,797
−Removed: Goodwill and intangible assets, net $ 830,798 $ 810,177 $ 850,768 $ 881,103 $ 546,076
−Removed: Total assets $ 2,083,388 $ 1,560,130 $ 1,419,447 $ 1,413,315 $ 1,019,161
−Removed: Non-current liabilities $ 910,720 $ 668,951 $ 672,413 $ 652,485 $ 343,570
−Removed: Total stockholders’ equity $ 896,375 $ 672,256 $ 525,900 $ 559,691 $ 517,381
−Removed: The items described below (pre-tax) represent a significant impact to the presentation and comparability of our selected financial data.
−Removed: • During fiscal 2020, the Company recorded a $16.5 million impairment charge to reflect the estimated fair value of an investment in a company, expenses of $14.8 million related to professional fees associated with infrastructure upgrades and our ongoing multi-year investment plan, and $4.3 million of facilities costs.
−Removed: The facilities costs related to duplicate rent associated with the build-out of the new Norwalk, Connecticut headquarters while we still occupied our then-current Norwalk, Connecticut headquarters.
−Removed: • During fiscal 2019, the Company recorded $5.0 million in non-core transaction related revenue.
−Removed: The Company also recorded expenses of $4.3 million in severance costs and $8.7 million related to other corporate actions including stock-based compensation acceleration, professional fees related to infrastructure upgrade activities, and a one-time adjustment related to data costs and occupancy costs.
−Removed: • During fiscal 2018, the Company recorded expenses of $17.4 million in restructuring actions, $4.7 million related to other corporate actions, including stock-based compensation acceleration, and $4.9 million in legal matters.
−Removed: • During fiscal 2017, the Company recorded expenses of $5.6 million related to modifications of certain share-based compensation grants, $5.0 million related to restructuring actions and $7.4 million in acquisition-related expenses.
−Removed: • During fiscal 2016, the Company recorded expenses of $4.6 million related primarily to legal matters, $2.8 million from restructuring actions and $1.8 million related to a change in the vesting of performance-based equity options.
+Added: The information required by Item 301 and Item 302 of Regulation S-K has been omitted as we have adopted the changes to Item 301 and Item 302 of Regulation S-K contained in SEC Release No.
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.