6 unchanged sentences
We have not paid cash dividends to our stockholders since our inception and do not anticipate paying cash dividends in the foreseeable future.
−Removed: On June 14, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “June 2022 Repurchase Plan”).
−Removed: During the year ended December 31, 2023, the Company purchased approximately 3.3 million shares of common stock at an average purchase price of $55.52 per share, for a total amount of approximately $182.8 million (excluding broker commissions), which exhausted the availability under the June 2022 Repurchase Plan.
−Removed: On November 2, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “November 2022 Repurchase Plan”).
−Removed: During the year ended December 31, 2023, the Company purchased approximately 4.8 million shares of common stock at an average purchase price of $54.31 per share, for a total amount of approximately $260.3 million (excluding broker commissions), under the November 2022 Repurchase Plan.
−Removed: As of February 27, 2024, $142.4 million remained available for repurchase under the November 2022 Repurchase Plan.
+Added: Share Repurchase Programs
+Added: On November 2, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “November 2022 Repurchase Plan”).
+Added: During the year ended December 31, 2024, the Company purchased approximately 4.6 million shares of common stock at an average purchase price of $51.67 per share, for a total amount of approximately $239.6 million, which exhausted the availability under the November 2022 Repurchase Plan.
On November 7, 2023, the Company ’ s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company ’ s outstanding common stock (the “ November 2023 Repurchase Plan ” ).
−Removed: During the year ended December 31, 2023, no shares were repurchased under the November 2023 Repurchase Plan.
−Removed: As of February 27, 2024, $500.0 million remained available for repurchase under the November 2023 Repurchase Plan.
+Added: During the year ended December 31, 2024, the Company purchased approximately 10.6 million shares of common stock at an average purchase price of $47.16 per share, for a total amount of approximately $500.0 million, which exhausted the availability under the November 2023 Repurchase Plan.
+Added: On August 19, 2024, the Company ’ s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company ’ s outstanding common stock (the “ August 2024 Repurchase Plan ” ).
+Added: During the year ended December 31, 2024, no shares were repurchased under the August 2024 Repurchase Plan.
+Added: As of February 27, 2025, $500.0 million remained available for repurchase under the August 2024 Repurchase Plan.
The aggregate amount of the Company ’ s outstanding common stock that remains available for repurchase under all previously authorized repurchase plans is $500.0 million as of February 27, 2025.
13 unchanged sentences
Announced Plans
+Added: or Programs 1
Oct 1 – Oct 31, 2024
−Removed: November 7, 2023 Authorization
Nov 1 – Nov 30, 2024
Dec 1 – Dec 31, 2024
−Removed: ¹Excluding broker commissions paid.
−Removed: ²Net of broker commissions paid.
+Added: 1 On August 19, 2024, the Company publicly announced that its Board of Directors authorized the August 2024 Repurchase Plan.
+Added: Board authorization of the repurchase plan remains in effect until shares in the amount authorized thereunder have been repurchased.
+Added: See Item 5, “Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” above for more information.
+Added: On May 1, 2024, the Board of Directors authorized the Company to execute a modified “Dutch auction” tender offer to repurchase up to $3.0 billion of its outstanding shares of common stock.
+Added: On May 8, 2024, the Company commenced the tender offer, with such offer expiring on June 5, 2024.
+Added: On June 10, 2024, the Company accepted for purchase a total of approximately 56.6 million shares of common stock at a purchase price of $53.00 per share, for an aggregate purchase price of approximately $3.0 billion.
+Added: The repurchase was funded with approximately $2.25 billion of cash on hand and approximately $750 million in borrowings.
+Added: The cost of these shares and the fees relating to the tender offer are included in common stock in treasury in the accompanying consolidated balance sheet at December 31, 2024.
+Added: For information concerning shares of the Company’s Common Stock authorized for issuance under the Company’s equity compensation plans, see “Item 12.
+Added: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
Performance Graph
5 unchanged sentences
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.