4 unchanged sentences
Transfer Agent
−Removed: The transfer agent for the Company's Common Stock is American Stock Transfer & Trust Company, Shareholder Services, 6201 Fifteenth Avenue, Brooklyn, NY 11219, telephone:
+Added: The transfer agent for the Company's Common Stock is Equiniti Trust Company, LLC, 48 Wall Street, Floor 23, New York, NY 10005, telephone:
800-468-9716, website:
−Removed: www.amstock.com.
+Added: www.https://equiniti.com/us/.
The Company initiated a quarterly dividend beginning in the second quarter of 2022.
The Company’s ability to pay dividends is primarily dependent on earnings from operations, the adequacy of capital and the availability of liquid assets for distribution.
−Removed: For the year ended December 31, 2022, the Company paid $195.2 in common stock dividends.
+Added: For the year ended December 31, 2023, the Company paid $254.0 million in Common Stock dividends.
The Company expects common dividend declarations, if made, to occur in January, April, July, and October with payment dates in March, June, September and December, and are subject to Board approval.
1 unchanged sentence
Common Stock Performance
−Removed: The graph below shows the cumulative total return assuming an investment of $100 on December 31, 2017, in each of the Company’s Common Stock, the Standard & Poor’s, or S&P Composite-500 Stock Index and the S&P 500 Health Care Index, or Peer Group, and assuming that all dividends were reinvested.
+Added: The graph below shows the cumulative total return assuming an investment of $100 on December 31, 2018, in each of the Company’s Common Stock, the Standard & Poor’s, or S&P 500 Index and the S&P 500 Health Care Index, and assuming that all dividends were reinvested.
+Added: For the purpose of this graph, the distribution of 100% of the outstanding Common Stock of Fortrea Holdings Inc.
+Added: (Fortrea) to the Company's shareholders, pursuant to which Fortrea became an independent company, is treated as a non-taxable cash dividend of $33.11 per share, an amount equal to the opening price of Fortrea Common Stock when it began trading on June 20, 2023, that was deemed reinvested in the Company’s Common Stock at the closing price on June 20, 2023.
Comparison of Cumulative Total Return
10 unchanged sentences
1.1 $ 206.85 1.1 $ 530.4
−Removed: During the fourth quarter of 2021, the Board adopted a new share repurchase plan authorizing repurchase of up to $2,500.0 of the Company's shares in addition to the remaining amount outstanding under the previous plan.
−Removed: On December 13, 2021, the Company entered into ASR Agreements with Goldman Sachs & Co.
−Removed: LLC and Barclays Bank PLC to repurchase the Company’s common stock (Common Stock), as part of the Company’s common stock repurchase program.
−Removed: Under the ASR Agreements, $1,000.0 was paid to the banks in December 2021 and the Company received 80% of the shares calculated at the price at the inception of the Agreements, approximately 2.7 shares.
−Removed: When the forward contract was settled during 2022, the Company received 0.9 shares, which were retired in 2022 .
−Removed: At the end of 2021, the Company had outstanding authorization from the Board to purchase $1,631.5 of Company common stock.
−Removed: During the year ended December 31, 2022, the Company purchased 4.7 shares of its common stock at an average price of $233.48 for a total cost of $1,100.0.
+Added: During the year ended December 31, 2023, the Company purchased 4.8 shares of its Common Stock at an average price per share of $206.85 for a total cost of $1,000.0.
When the Company repurchases shares, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted.
2 unchanged sentences
The repurchase authorization has no expiration date.
−Removed: On February 7, 2023, the board of directors adopted a new share repurchase plan authorizing up to $1,000.0 of the Company's shares in addition to the remaining amount outstanding under the previous plan.
−Removed: The repurchase authorization has no expiration.
+Added: During the year ended December 31, 2022, the Company purchased 4.7 shares of its Common Stock at an average price per share of $233.48 for a total cost of $1,100.0.
+Added: When the Company repurchases shares, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted.
+Added: Remaining amounts are recognized as a reduction in retained earnings.
SELECTED FINANCIAL DATA
1 unchanged sentence
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.