filings.toolsItem 1A. Risk Factors
4K characters. Original on sec.gov · Markdown
Item 1A. Risk Factors
Our operations and financial results are subject to various risks and uncertainties which could adversely affect our business, financial condition, results of operations, cash flows, and the trading price of our common stock. For a discussion of such risks, please refer to Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, as supplemented by the risk factors set forth in Part II, Item 1A of our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table sets forth information relating to repurchases of our equity securities during the three months ended June 30, 2022.
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Number of Shares (or Units) Purchased | Average Price Paid per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||||||||||||||||||||
| April 1, 2022 – | 145,037 | (1) | $ | 2,246 | 145,037 | $ | 9,146,112,778 | (1) | ||||||||||||||||||||||||
| April 30, 2022 | — | (2) | $ | — | N/A | N/A | ||||||||||||||||||||||||||
| May 1, 2022 – | 191,584 | (1) | $ | 2,114 | 191,584 | $ | 8,741,122,485 | (1) | ||||||||||||||||||||||||
| May 31, 2022 | 1,991 | (2) | $ | 2,091 | N/A | N/A | ||||||||||||||||||||||||||
| June 1, 2022 – | 275,167 | (1) | $ | 1,961 | 275,167 | $ | 8,201,636,334 | (1) | ||||||||||||||||||||||||
| June 30, 2022 | 212 | (2) | $ | 1,933 | N/A | N/A | ||||||||||||||||||||||||||
| Total | 613,991 | 611,788 | $ | 8,201,636,334 |
(1) Pursuant to a stock repurchase program announced on May 9, 2019, whereby we were authorized to repurchase up to $15.0 billion of our common stock.
(2) Pursuant to a general authorization, not publicly announced, whereby we are authorized to repurchase shares of our common stock to satisfy employee withholding tax obligations related to stock-based compensation. The table above does not include adjustments during the three months ended June 30, 2022 to previously withheld share amounts (reduction of 35 shares) that reflect changes to the estimates of employee tax withholding obligations.
Repurchase and Dividend Restrictions
See Note 9 to our Unaudited Consolidated Financial Statements for a description of restrictive covenants under our revolving credit facility.
Previous: Item 4. Controls and Procedures · Next: Item 6. Exhibits