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We existing these steps for the reason that we consider They might aid buyers, analysts, lenders and rankings businesses analyze our outcomes of operations and liquidity along with our U.S. GAAP effects, like but not restricted to our running general performance when compared to other publicly-traded corporations while in the refining and fertilizer industries, with no regard to historic Value basis or financing techniques and our capability to incur and repair financial debt and fund cash expenses.
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Non-GAAP measures have critical limitations as analytical resources, as they exclude some, although not all, merchandise that have an effect on Web earnings and operating earnings. These measures should not be regarded as substitutes for their most straight comparable U.S. GAAP economical steps. See “Non-GAAP Reconciliations” included herein for reconciliation of such quantities. Resulting from rounding, figures offered within just this section may not increase or equivalent to numbers or totals offered elsewhere inside this document.
In addition, we existing utilization exclusively on ammonia output in lieu of Each and every nitrogen product as it provides a comparative baseline in opposition to business friends and eradicates the disparity of plant configurations for update of ammonia into other nitrogen items. With our endeavours getting generally focused on ammonia improve abilities, this measure provides a meaningful watch of how nicely we run.
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