5 unchanged sentences
The following table provides information about acquisitions of Holdings’ common stock by Holdings during the fourth quarter of 2020:
−Removed: Total Number of
−Removed: Shares Purchased
−Removed: Average Price
−Removed: Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
+Added: Period Total Number of
+Added: Shares Purchased Average Price
+Added: Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Program (2)
October 1, 2020 to October 31, 2020 23,435 (1) $ 179.41 —
1 unchanged sentence
December 1, 2020 to December 31, 2020 5,638 (1) $ 242.47 —
−Removed: In October 2019 , November 2019 and December 2019 , 2,653 , 3,601 and 11,556 shares, respectively, were withheld by Holdings to satisfy tax withholding obligations upon the vesting of restricted stock unit awards.
+Added: Total 29,843 $ 191.29 $ — $ 243,081,785
+Added: (1) All shares purchased were withheld by Holdings to satisfy tax withholding obligations upon the vesting of restricted stock unit awards.
These shares were not acquired pursuant to any repurchase plan or program.
−Removed: On April 17, 2018, our Board authorized a $1.25 billion share repurchase program which commenced in July 2018.
−Removed: The program was completed in 2019, and there were no open share repurchase programs as of December 31, 2019 .
−Removed: In January 2020, our Board authorized a new $500 million share repurchase program, which will commence in the first quarter of 2020 and which we intend to complete over twelve months.
+Added: (2) On January 28, 2020, our Board authorized a $500 million share repurchase program, which commenced in the first quarter of 2020 and was intended to run for 12 months.
+Added: The program was paused on March 18, 2020 due to the COVID-19 pandemic.
+Added: We are currently unable to estimate when, or if, the program will be restarted, and we expect to provide an update at a future date.
Equity Compensation Plans
12 unchanged sentences
BlueLine had annual revenues of approximately $786.
−Removed: See note 4 to the consolidated financial statements for additional detail on the BakerCorp and BlueLine acquisitions.
The data below should be read in conjunction with, and is qualified by reference to, our Management’s Discussion and Analysis and our consolidated financial statements and notes thereto contained elsewhere in this report.
Year Ended December 31,
+Added: 2020 2019 2018 2017 2016
(in millions, except per share data)
2 unchanged sentences
Total cost of revenues 5,347 5,681 4,683 3,872 3,359
+Added: Gross profit 3,183 3,670 3,364 2,769 2,403
Selling, general and administrative expenses 979 1,092 1,038 903 719
10 unchanged sentences
Diluted earnings per share (2) $ 12.20 $ 15.11 $ 13.12 $ 15.73 $ 6.45
−Removed: (1) 2017 includes the significant impact of the enactment of the Tax Cuts and Jobs Act (the "Tax Act") discussed further in note 14 to the consolidated financial statements.
−Removed: 2019 and 2018 reflect a lower effective tax rate than the years prior to the enactment of the Tax Act.
+Added: (1) As discussed in more detail throughout “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, the 2020 decline in revenue includes the impact of the novel coronavirus (“COVID-19”), which resulted in volume declines in response to shelter-in-place orders and other market restrictions.
+Added: (2) 2017 includes the significant impact of the enactment of the Tax Cuts and Jobs Act (the "Tax Act").
+Added: The enactment of the Tax Act resulted in an estimated net income increase for the year ended December 31, 2017 of $689, or $8.05 per diluted share, primarily due to a one-time revaluation of our net deferred tax liability based on a U.S.
+Added: federal tax rate of 21 percent, which was partially offset by the impact of a one-time transition tax on our unremitted foreign earnings and profits, which we elected to pay over an eight-year period.
The Tax Act reduced the U.S.
−Removed: federal statutory tax rate from 35 percent to 21 percent.
+Added: federal statutory tax rate from 35 percent to 21 percent, and years subsequent to 2017 reflect the lower tax rate.
+Added: 2020 2019 2018 2017 2016
(in millions)
Balance sheet data:
+Added: Total assets $ 17,868 $ 18,970 $ 18,133 $ 15,030 $ 11,988
+Added: Total debt 9,682 11,428 11,747 9,440 7,790
Stockholders’ equity 4,545 3,830 3,403 3,106 1,648
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.