The 10-K against last year's
117 changes: 9 added, 9 removed, 98 reworded, 1 quiet changes
10-K 0001104659-26-017530 (2026-02-19) vs 10-K 0001558370-25-001222 (2025-02-20)
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The paragraph that changed most in each section
Marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
MD&A 189 words changed in this paragraph; it is 52% similar to last year's version.
We generated $849.1 million $1.19 billion of net cash flow from operating activities during 2024 2025 compared to $639.6 $849.1 million during 2023. 2024. The $209.5 $337.3 million increase in cash provided by operating activities was primarily driven by higher earnings before non-cash expenses such as amortization of intangible assets in the current year and a $366.4 an $877.9 million benefit from changes in billings in excess of costs and estimated earnings and deferred revenue driven by the timing of customer billings and payments. These increases were partially offset by a $778.9 million decrease in accounts payable and accrued other current liabilities driven by the size and timing of payments, including postponement of federal tax payments. On July 22, 2024, due to Hurricane Beryl, the Internal Revenue Service announced tax relief that extended the due dates for our federal tax payments until February 3, 2025. We thus made an $80.0 million federal tax payment in the first quarter of 2025 that otherwise would have been paid in the second half of 2024. These increases were partially offset by 2024, as a $317.0 million change in billings in excess result of costs and deferred revenue tax relief from the Internal Revenue Service due to more advance payments Hurricane Beryl. In 2023, we filed our 2022 federal tax return requesting a refund of our $107.1 million overpayment, which was received in April 2025 and positively impacted our second quarter cashflows. Along with the prior year. We have refund, we received large advance payments $11.3 million (or $8.9 million, net of tax) of interest income that reduced our provision for income taxes in the current and prior years that will reverse when project costs are incurred, except to the extent that additional advance payments are received. first quarter of 2025.
Source: Item 7, 10-K 0001104659-26-017530 vs Item 7, 10-K 0001558370-25-001222
Risk Factors 129 words changed in this paragraph; it is 47% similar to last year's version.
Source: Item 1A, 10-K 0001104659-26-017530 vs Item 1A, 10-K 0001558370-25-001222
Accounting Policies 71 words changed in this paragraph; it is 31% similar to last year's version.
Source: Item 8, Note 2 – Summary of Significant Accounting Policies and Estimates, 10-K 0001104659-26-017530 vs Item 8, Note 2 – Summary of Significant Accounting Policies and Estimates, 10-K 0001558370-25-001222
Every change, by type
Sentences and paragraphs added, removed or reworded
Sentences and paragraphs of FIX's Risk Factors and MD&A, 10-K 2026-02-19 against 10-K 2025-02-20. Each links to the text at sec.gov.
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