GAAP ╨┐╤А╨╛╤В╨╕╨▓ ╨╜╨╡-GAAP

╨а╨░╨╖╨╜╨╕╤Ж╨░ ╨╝╨╡╨╢╨┤╤Г GAAP ╨╕ ╨╜╨╡-GAAP

GAAP ╤А╨░╤Б╤И╨╕╤Д╤А╨╛╨▓╤Л╨▓╨░╨╡╤В╤Б╤П ╨║╨░╨║ ╨Ю╨▒╤Й╨╡╨┐╤А╨╕╨╜╤П╤В╤Л╨╡ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░ ╨╕ ╤Г╤Б╤В╨░╨╜╨░╨▓╨╗╨╕╨▓╨░╨╡╤В ╨╡╨┤╨╕╨╜╤Л╨╣ ╨╜╨░╨▒╨╛╤А ╨┐╤А╨░╨▓╨╕╨╗ ╨╕ ╤Д╨╛╤А╨╝╨░╤В╨╛╨▓, ╨░ ╤В╨░╨║╨╢╨╡ ╤А╨╡╨║╨╛╨╝╨╡╨╜╨┤╨░╤Ж╨╕╨╕ ╨┐╨╛ ╨╕╨╖╨╝╨╡╤А╨╡╨╜╨╕╤О, ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╨╡╨╜╨╕╤О, ╤А╨░╤Б╨║╤А╤Л╤В╨╕╤О ╨╕╨╜╤Д╨╛╤А╨╝╨░╤Ж╨╕╨╕ ╨╕ ╨┐╤А╨╕╨╖╨╜╨░╨╜╨╕╤О, ╨║╨╛╤В╨╛╤А╤Л╨╝ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┤╨╛╨╗╨╢╨╜╤Л ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╤М ╨▓ ╤Б╨▓╨╛╨╕╤Е ╨╝╨╡╤В╨╛╨┤╨░╤Е ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨б ╨┤╤А╤Г╨│╨╛╨╣ ╤Б╤В╨╛╤А╨╛╨╜╤Л, Non-GAAP тАФ ╤Н╤В╨╛ ╨╗╤О╨▒╨╛╨╣ ╨╝╨╡╤В╨╛╨┤ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░, ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╨╡╨╝╤Л╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝╨╕, ╨╛╤В╨╗╨╕╤З╨╜╤Л╨╝╨╕ ╨╛╤В GAAP, ╨│╨┤╨╡ ╤Б╨╛╨▒╨╗╤О╨┤╨░╤О╤В╤Б╤П ╨╜╨╡ ╤Г╤Б╤В╨░╨╜╨╛╨▓╨╗╨╡╨╜╨╜╤Л╨╡ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╤Л. ╨Х╨│╨╛ ╤В╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╤О╤В ╤Б╨║╨╛╤А╤А╨╡╨║╤В╨╕╤А╨╛╨▓╨░╨╜╨╜╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╤М╤О.

╨Ю╨│╨╗╨░╨▓╨╗╨╡╨╜╨╕╨╡

• ╨а╨░╨╖╨╜╨╕╤Ж╨░ ╨╝╨╡╨╢╨┤╤Г GAAP ╨╕ ╨╜╨╡-GAAP
  • ╨Ш╨╜╤Д╨╛╨│╤А╨░╤Д╨╕╨║╨░ GAAP ╨╕ NON-GAAP
  • ╨Ъ╨╗╤О╤З╨╡╨▓╤Л╨╡ ╨╛╤В╨╗╨╕╤З╨╕╤П GAAP ╨╛╤В NON-GAAP
  • ╨б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╤В╨░╨▒╨╗╨╕╤Ж╤Л
  • ╨Ч╨░╨║╨╗╤О╤З╨╡╨╜╨╕╨╡
  • ╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨Ш╨╜╤Д╨╛╨│╤А╨░╤Д╨╕╨║╨░ GAAP ╨╕ NON-GAAP

╨Ъ╨╗╤О╤З╨╡╨▓╤Л╨╡ ╨╛╤В╨╗╨╕╤З╨╕╤П GAAP ╨╛╤В NON-GAAP

╨Ю╤Б╨╜╨╛╨▓╨╜╤Л╨╡ ╨╛╤В╨╗╨╕╤З╨╕╤П ╨╖╨░╨║╨╗╤О╤З╨░╤О╤В╤Б╤П ╨▓ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╡╨╝:

• ╨Ю╨▒╤Й╨╡╨┐╤А╨╕╨╜╤П╤В╤Л╨╡ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░╨Ю╨▒╤Й╨╡╨┐╤А╨╕╨╜╤П╤В╤Л╨╡ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░GAAP (╨Ю╨▒╤Й╨╡╨┐╤А╨╕╨╜╤П╤В╤Л╨╡ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░) ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╤О╤В ╤Б╨╛╨▒╨╛╨╣ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╜╨╜╤Л╨╡ ╤А╨╡╨║╨╛╨╝╨╡╨╜╨┤╨░╤Ж╨╕╨╕ ╨┐╨╛ ╨▓╨╡╨┤╨╡╨╜╨╕╤О ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░ ╨╕ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ (GAAP) ╤Б╨╗╨╡╨┤╤Г╤О╤В ╨╜╨░╨▒╨╛╤А╤Г ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╛╨▓ ╨╕ ╤Д╨╛╤А╨╝╨░╤В╨╛╨▓ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░, ╨▓ ╤В╨╛ ╨▓╤А╨╡╨╝╤П ╨║╨░╨║ NON-GAAP ╨╜╨╡ ╤Б╨╗╨╡╨┤╤Г╤О╤В ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨░╨╝ ╨╕ ╤Д╨╛╤А╨╝╨░╤В╨░╨╝ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░.
• ╨Т╤Б╨╡ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Я╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Я╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╤В╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╨╡╨╝╤Л╨╡ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╝╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝╨╕, тАФ ╤Н╤В╨╛ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨░╨║╤Ж╨╕╨╕ ╨║╨╛╤В╨╛╤А╤Л╤Е ╨║╨╛╤В╨╕╤А╤Г╤О╤В╤Б╤П ╨╜╨░ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╨╛╨╣ ╤Д╨╛╨╜╨┤╨╛╨▓╨╛╨╣ ╨▒╨╕╤А╨╢╨╡, ╤З╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤В╨╛╤А╨│╨╛╨▓╨░╤В╤М ╨░╨║╤Ж╨╕╤П╨╝╨╕ ╨┤╨╗╤П ╤И╨╕╤А╨╛╨║╨╛╨╣ ╨┐╤Г╨▒╨╗╨╕╨║╨╕. ╨н╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В, ╤З╤В╨╛ ╨╗╤О╨▒╨╛╨╣ ╨╝╨╛╨╢╨╡╤В ╨┐╤А╨╛╨┤╨░╤В╤М ╨╕╨╗╨╕ ╨║╤Г╨┐╨╕╤В╤М ╨░╨║╤Ж╨╕╨╕ ╤Н╤В╨╕╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╣ ╨╜╨░ ╨╛╤В╨║╤А╤Л╤В╨╛╨╝ ╤А╤Л╨╜╨║╨╡. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╤Б╨╗╨╡╨┤╤Г╨╡╤В ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╤М ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ GAAP; ╤З╨░╤Б╤В╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕╨з╨░╤Б╤В╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕╨з╨░╤Б╤В╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨╛╤В╨┤╨╡╨╗╤М╨╜╨╛╨╝╤Г ╤О╤А╨╕╨┤╨╕╤З╨╡╤Б╨║╨╛╨╝╤Г ╨╗╨╕╤Ж╤Г, ╨╖╨░╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╨╛╨▓╨░╨╜╨╜╨╛╨╝╤Г ╨▓ SEC, ╨╕╨╝╨╡╤О╤Й╨╡╨╝╤Г ╨╛╨│╤А╨░╨╜╨╕╤З╨╡╨╜╨╜╨╛╨╡ ╨║╨╛╨╗╨╕╤З╨╡╤Б╤В╨▓╨╛ ╨╜╨╡╨┐╨╛╨│╨░╤И╨╡╨╜╨╜╨╛╨│╨╛ ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╜╨╛╨│╨╛ ╨║╨░╨┐╨╕╤В╨░╨╗╨░ ╨╕ ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╛╨▓. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡, ╨┐╨╛ ╤Б╨▓╨╛╨╡╨╝╤Г ╤Г╤Б╨╝╨╛╤В╤А╨╡╨╜╨╕╤О, ╨╝╨╛╨│╤Г╤В ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╤М ╨╗╨╕╨▒╨╛ GAAP, ╨╗╨╕╨▒╨╛ ╨╜╨╡-GAAP, ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╡╨╜╨╜╨╛, ╨┤╨╗╤П ╨▒╨╡╤Б╨┐╨╡╤А╨╡╨▒╨╛╨╣╨╜╨╛╨│╨╛ ╨▓╨╡╨┤╨╡╨╜╨╕╤П ╤Б╨▓╨╛╨╕╤Е ╨▒╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╣.
• ╨Т GAAP ╨╡╨┤╨╕╨╜╨╛╨▓╤А╨╡╨╝╨╡╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л. ╨Э╨╡╨┐╨╛╨▓╤В╨╛╤А╤П╤О╤Й╨╕╨╡╤Б╤П ╤А╨░╤Б╤Е╨╛╨┤╤Л. ╨Э╨╡╨┐╨╛╨▓╤В╨╛╤А╤П╤О╤Й╨╕╨╡╤Б╤П ╤Б╤В╨░╤В╤М╨╕ тАФ ╤Н╤В╨╛ ╨╖╨░╨┐╨╕╤Б╨╕ ╨▓ ╨╛╤В╤З╨╡╤В╨╡ ╨╛ ╨┐╤А╨╕╨▒╤Л╨╗╤П╤Е ╨╕ ╤Г╨▒╤Л╤В╨║╨░╤Е, ╨║╨╛╤В╨╛╤А╤Л╨╡ ╤П╨▓╨╗╤П╤О╤В╤Б╤П ╨╜╨╡╨╛╨▒╤Л╤З╨╜╤Л╨╝╨╕ ╨╕ ╨╜╨╡╨╛╨╢╨╕╨┤╨░╨╜╨╜╤Л╨╝╨╕ ╨▓ ╤Е╨╛╨┤╨╡ ╨╛╨▒╤Л╤З╨╜╤Л╤Е ╨┤╨╡╨╗╨╛╨▓╤Л╤Е ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╣; ╨┐╤А╨╕╨╝╨╡╤А╤Л ╨▓╨║╨╗╤О╤З╨░╤О╤В ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨╕╨╗╨╕ ╤Г╨▒╤Л╤В╨║╨╕ ╨╛╤В ╨┐╤А╨╛╨┤╨░╨╢╨╕ ╨░╨║╤В╨╕╨▓╨░, ╨╖╨░╤В╤А╨░╤В╤Л ╨╜╨░ ╨╛╨▒╨╡╤Б╤Ж╨╡╨╜╨╡╨╜╨╕╨╡, ╨╖╨░╤В╤А╨░╤В╤Л ╨╜╨░ ╤А╨╡╤Б╤В╤А╤Г╨║╤В╤Г╤А╨╕╨╖╨░╤Ж╨╕╤О ╨╕ ╤Г╨▒╤Л╤В╨║╨╕ ╨▓ ╤Б╤Г╨┤╨╡╨▒╨╜╤Л╤Е ╨┐╤А╨╛╤Ж╨╡╤Б╤Б╨░╤Е, ╨░ ╤В╨░╨║╨╢╨╡ ╤Б╨┐╨╕╤Б╨░╨╜╨╕╨╡ ╤В╨╛╨▓╨░╤А╨╜╨╛-╨╝╨░╤В╨╡╤А╨╕╨░╨╗╤М╨╜╤Л╤Е ╨╖╨░╨┐╨░╤Б╨╛╨▓. ╨║╨░╤А╤В╨╕╨╜╨░ ╨▒╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╣╨С╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╕╨С╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╕ ╨╛╤В╨╜╨╛╤Б╤П╤В╤Б╤П ╨║╨╛ ╨▓╤Б╨╡╨╝ ╤В╨╡╨╝ ╨┤╨╡╨╣╤Б╤В╨▓╨╕╤П╨╝, ╨║╨╛╤В╨╛╤А╤Л╨╡ ╤Б╨╛╤В╤А╤Г╨┤╨╜╨╕╨║╨╕ ╨╡╨╢╨╡╨┤╨╜╨╡╨▓╨╜╨╛ ╨┐╤А╨╡╨┤╨┐╤А╨╕╨╜╨╕╨╝╨░╤О╤В ╨▓ ╤А╨░╨╝╨║╨░╤Е ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╣ ╤Б╤В╤А╤Г╨║╤В╤Г╤А╤Л ╨┤╨╗╤П ╨┐╤А╨╛╨╕╨╖╨▓╨╛╨┤╤Б╤В╨▓╨░ ╤В╨╛╨▓╨░╤А╨╛╨▓ ╨╕ ╤Г╤Б╨╗╤Г╨│ ╨┤╨╗╤П ╨┤╨╛╤Б╤В╨╕╨╢╨╡╨╜╨╕╤П ╤Ж╨╡╨╗╨╡╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╤В╨░╨║╨╕╤Е ╨║╨░╨║ ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╕╨╡ ╨┐╤А╨╕╨▒╤Л╨╗╨╕.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡.
• ╨Я╨╛╨║╨░╨╖╤Г╤Е╨░╨Я╨╛╨║╨░╨╖╤Г╤Е╨░╨Я╨╛╨║╨░╨╖╤Г╤Е╨░ ╨▓ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨╝ ╤Г╤З╨╡╤В╨╡ ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨┐╤А╨╡╨┤╨╜╨░╨╝╨╡╤А╨╡╨╜╨╜╨╛╨╝╤Г ╨╝╨░╨╜╨╕╨┐╤Г╨╗╨╕╤А╨╛╨▓╨░╨╜╨╕╤О ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М╤О ╤Б╨╛ ╤Б╤В╨╛╤А╨╛╨╜╤Л ╤А╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╤Б ╤Ж╨╡╨╗╤М╤О ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╕╤В╤М ╨▒╨╛╨╗╨╡╨╡ ╨▒╨╗╨░╨│╨╛╨┐╤А╨╕╤П╤В╨╜╤Г╤О ╨║╨░╤А╤В╨╕╨╜╤Г ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╨╡╨╗╤П╨╝ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨┤╨╛ ╤В╨╛╨│╨╛, ╨║╨░╨║ ╨╛╨╜╨░ ╨▒╤Г╨┤╨╡╤В ╨╛╨▒╨╜╨░╤А╨╛╨┤╨╛╨▓╨░╨╜╨░. ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨░╤П ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М ╨╜╨╡╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨░ ╨▓ GAAP; ╨▓ non-GAAP ╨╡╤Б╤В╤М ╤И╨░╨╜╤Б╤Л ╨╖╨░╨╜╨╕╨╖╨╕╤В╤М ╨╡╨│╨╛ ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╤М. ╨Я╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╤М. ╨Я╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╤М ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╤Б╨┐╨╛╤Б╨╛╨▒╨╜╨╛╤Б╤В╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┐╨╛╨╗╤Г╤З╨░╤В╤М ╨┤╨╛╤Е╨╛╨┤ ╨╕ ╨╝╨░╨║╤Б╨╕╨╝╨╕╨╖╨╕╤А╨╛╨▓╨░╤В╤М ╨┐╤А╨╕╨▒╤Л╨╗╤М ╤Б╨▓╨╡╤А╤Е ╤Б╨▓╨╛╨╕╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨╕ ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Л╤Е ╨╖╨░╤В╤А╨░╤В. ╨Ю╨╜ ╨╕╨╖╨╝╨╡╤А╤П╨╡╤В╤Б╤П ╤Б ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╨╜╨╕╨╡╨╝ ╨║╨╛╨╜╨║╤А╨╡╤В╨╜╤Л╤Е ╨║╨╛╤Н╤Д╤Д╨╕╤Ж╨╕╨╡╨╜╤В╨╛╨▓, ╤В╨░╨║╨╕╤Е ╨║╨░╨║ ╨╝╨░╤А╨╢╨░ ╨▓╨░╨╗╨╛╨▓╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕, EBITDA ╨╕ ╨╝╨░╤А╨╢╨░ ╤З╨╕╤Б╤В╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕. ╨Ю╨╜ ╨┐╨╛╨╝╨╛╨│╨░╨╡╤В ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨░╨╝ ╨░╨╜╨░╨╗╨╕╨╖╨╕╤А╨╛╨▓╨░╤В╤М ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╤З╨╕╤В╨░╨╣╤В╨╡ ╨▓ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨╛╤В╤З╨╡╤В╨░╤Е.
• GAAP ╨╛╨▒╨╡╤Б╨┐╨╡╤З╨╕╨▓╨░╨╡╤В ╨╜╨░╨┤╨╡╨╢╨╜╨╛╨╡ ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓ ╨╛╤В ╨╛╤В╤А╨░╤Б╨╗╨╕ ╨║ ╨╛╤В╤А╨░╤Б╨╗╨╕, ╨╛╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨║ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕ ╨╛╤В ╨│╨╛╨┤╨░ ╨║ ╨│╨╛╨┤╤Г. ╨в╨╡╨╝ ╨╜╨╡ ╨╝╨╡╨╜╨╡╨╡, ╨╜╨░╨┤╨╡╨╢╨╜╨╛╨╡ ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╨╜╨╡ ╨▓ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╤Е, ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╤Е ╨╜╨╡ ╨┐╨╛ GAAP.
• ╨Э╨╡╨║╨╛╤В╨╛╤А╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╤О╤Й╨╕╨╡ GAAP, ╨╕╤Б╨║╨╗╤О╤З╨░╤О╤В ╨╜╨╡╨║╨╛╤В╨╛╤А╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕ ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨╕╨╖ ╤Б╨▓╨╛╨╡╨╣ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕. ╨н╤В╨╕ ╨╛╤В╤З╨╡╤В╤Л, ╨▓ ╤В╨╛╨╝ ╤З╨╕╤Б╨╗╨╡ ╨▒╨░╨╗╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╛╤В╤З╨╡╤В, ╨╛╤В╤З╨╡╤В ╨╛ ╨┐╤А╨╕╨▒╤Л╨╗╤П╤Е ╨╕ ╤Г╨▒╤Л╤В╨║╨░╤Е, ╨╛╤В╤З╨╡╤В ╨╛ ╨┤╨▓╨╕╨╢╨╡╨╜╨╕╨╕ ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╤Б╤А╨╡╨┤╤Б╤В╨▓ ╨╕ ╨╛╤В╤З╨╡╤В ╨╛╨▒ ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╜╨╛╨╝ ╨║╨░╨┐╨╕╤В╨░╨╗╨╡, ╨┤╨╛╨╗╨╢╨╜╤Л ╨▒╤Л╤В╤М ╨┐╨╛╨┤╨│╨╛╤В╨╛╨▓╨╗╨╡╨╜╤Л ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨┐╤А╨╡╨┤╨┐╨╕╤Б╨░╨╜╨╜╤Л╨╝╨╕ ╨╕ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╜╨╜╤Л╨╝╨╕ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨░╨╝╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░, ╤З╤В╨╛╨▒╤Л ╨╛╨▒╨╡╤Б╨┐╨╡╤З╨╕╤В╤М ╨╡╨┤╨╕╨╜╨╛╨╛╨▒╤А╨░╨╖╨╕╨╡ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨╜╨░ ╨▓╤Б╨╡╤Е ╤Г╤А╨╛╨▓╨╜╤П╤Е. ╨з╤В╨╛╨▒╤Л ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╤Ж╨╕╤Д╤А╤Л ╨╜╨╡ ╨┐╨╛ GAAP, ╨┐╤А╨╛╤З╨╕╤В╨░╨╣╤В╨╡ ╨▒╨╛╨╗╤М╤И╨╡: AcquisitionsAcquisitionsAcquisition ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╤Б╤В╤А╨░╤В╨╡╨│╨╕╤З╨╡╤Б╨║╨╛╨╝╤Г ╤И╨░╨│╤Г ╨╛╨┤╨╜╨╛╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨┐╨╛╨║╤Г╨┐╨░╤О╤Й╨╡╨╣ ╨┤╤А╤Г╨│╤Г╤О ╨║╨╛╨╝╨┐╨░╨╜╨╕╤О ╨┐╤Г╤В╨╡╨╝ ╨┐╤А╨╕╨╛╨▒╤А╨╡╤В╨╡╨╜╨╕╤П ╨║╤А╤Г╨┐╨╜╤Л╤Е ╨┐╨░╨║╨╡╤В╨╛╨▓ ╨░╨║╤Ж╨╕╨╣ ╤Д╨╕╤А╨╝╤Л. ╨Ю╨▒╤Л╤З╨╜╨╛ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┐╤А╨╕╨╛╨▒╤А╨╡╤В╨░╤О╤В ╤Б╤Г╤Й╨╡╤Б╤В╨▓╤Г╤О╤Й╨╕╨╣ ╨▒╨╕╨╖╨╜╨╡╤Б, ╤З╤В╨╛╨▒╤Л ╨┐╨╛╨┤╨╡╨╗╨╕╤В╤М╤Б╤П ╤Б╨▓╨╛╨╡╨╣ ╨║╨╗╨╕╨╡╨╜╤В╤Б╨║╨╛╨╣ ╨▒╨░╨╖╨╛╨╣, ╨╛╨┐╨╡╤А╨░╤Ж╨╕╤П╨╝╨╕ ╨╕ ╨┐╤А╨╕╤Б╤Г╤В╤Б╤В╨▓╨╕╨╡╨╝ ╨╜╨░ ╤А╤Л╨╜╨║╨╡. ╨н╤В╨╛ ╨╛╨┤╨╕╨╜ ╨╕╨╖ ╨┐╨╛╨┐╤Г╨╗╤П╤А╨╜╤Л╤Е ╤Б╨┐╨╛╤Б╨╛╨▒╨╛╨▓ ╤А╨░╤Б╤И╨╕╤А╨╡╨╜╨╕╤П ╨▒╨╕╨╖╨╜╨╡╤Б╨░.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╨╕ ╨╛╤В╤З╤Г╨╢╨┤╨╡╨╜╨╕╨╡╨Ю╤В╨┤╨╡╨╗╨╡╨╜╨╕╨╡╨Ю╤В╤З╤Г╨╢╨┤╨╡╨╜╨╕╨╡ ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨░╨║╤В╤Г ╤З╨░╤Б╤В╨╕╤З╨╜╨╛╨╣ ╨╕╨╗╨╕ ╨┐╨╛╨╗╨╜╨╛╨╣ ╨┐╤А╨╛╨┤╨░╨╢╨╕ ╨░╨║╤В╨╕╨▓╨╛╨▓ ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╨╕ ╨┤╨╗╤П ╤Б╤А╨╛╤З╨╜╨╛╨│╨╛ ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╕╤П ╤Б╤А╨╡╨┤╤Б╤В╨▓.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡, ╤А╨░╤Б╤Е╨╛╨┤╤Л ╨╜╨░ ╤А╨╡╤Б╤В╤А╤Г╨║╤В╤Г╤А╨╕╨╖╨░╤Ж╨╕╤О╨Ч╨░╤В╤А╨░╤В╤Л ╨╜╨░ ╤А╨╡╤Б╤В╤А╤Г╨║╤В╤Г╤А╨╕╨╖╨░╤Ж╨╕╤О╨Ч╨░╤В╤А╨░╤В╤Л ╨╜╨░ ╤А╨╡╤Б╤В╤А╤Г╨║╤В╤Г╤А╨╕╨╖╨░╤Ж╨╕╤О тАФ ╤Н╤В╨╛ ╨╡╨┤╨╕╨╜╨╛╨▓╤А╨╡╨╝╨╡╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л, ╨┐╨╛╨╜╨╡╤Б╨╡╨╜╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╡╨╣ ╨▓ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╤А╨╡╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╨╕ ╤Б╨▓╨╛╨╡╨╣ ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕. ╨н╤В╨╛ ╨┤╨╡╨╗╨░╨╡╤В╤Б╤П ╨┤╨╗╤П ╨┐╨╛╨▓╤Л╤И╨╡╨╜╨╕╤П ╨┤╨╛╨╗╨│╨╛╤Б╤А╨╛╤З╨╜╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨╕ ╤Н╤Д╤Д╨╡╨║╤В╨╕╨▓╨╜╨╛╤Б╤В╨╕ ╤А╨░╨▒╨╛╤В╤Л. ╨н╤В╨╕ ╤А╨░╤Б╤Е╨╛╨┤╤Л ╤А╨░╤Б╤Б╨╝╨░╤В╤А╨╕╨▓╨░╤О╤В╤Б╤П ╨║╨░╨║ ╨▓╨╜╨╡╤А╨╡╨░╨╗╨╕╨╖╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л ╨▓ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕. ╨┐╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡, ╤Б╤Г╨┤╨╡╨▒╨╜╤Л╨╡ ╤А╨░╨╖╨▒╨╕╤А╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░ ╨╕ ╤А╨░╤Б╤З╨╡╤В╤Л, ╨╕╨╖╨╜╨╛╤Б ╨╕ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П, ╨╛╨▒╨╡╤Б╤Ж╨╡╨╜╨╡╨╜╨╕╨╡ ╨┤╨╡╨╗╨╛╨▓╨╛╨╣ ╤А╨╡╨┐╤Г╤В╨░╤Ж╨╕╨╕. ╨Ю╨▒╨╡╤Б╤Ж╨╡╨╜╨╡╨╜╨╕╨╡ ╨┤╨╡╨╗╨╛╨▓╨╛╨╣ ╤А╨╡╨┐╤Г╤В╨░╤Ж╨╕╨╕. ╨Ю╨▒╨╡╤Б╤Ж╨╡╨╜╨╡╨╜╨╕╨╡ ╨┤╨╡╨╗╨╛╨▓╨╛╨╣ ╤А╨╡╨┐╤Г╤В╨░╤Ж╨╕╨╕ тАФ ╤Н╤В╨╛ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╤Б╨┐╨╕╤Б╨░╨╜╨╕╤П ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╨┐╤А╨╡╨▓╤Л╤И╨░╤О╤Й╨╕╤Е ╨▒╨░╨╗╨░╨╜╤Б╨╛╨▓╤Г╤О ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М ╨┐╤А╨╕╨╛╨▒╤А╨╡╤В╨╡╨╜╨╜╨╛╨│╨╛ ╨░╨║╤В╨╕╨▓╨░. ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╨╕, ╨╛╤В╤А╨░╨╢╨╡╨╜╨╜╨╛╨╣ ╨▓ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕, ╨╜╨░╨┤ ╨╡╨╡ ╤Б╨┐╤А╨░╨▓╨╡╨┤╨╗╨╕╨▓╨╛╨╣ ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М╤О. ╨С╨╛╨╗╨╡╨╡ ╨▓╤Л╤Б╨╛╨║╨░╤П ╤Б╤Г╨╝╨╝╨░ ╨╛╨▒╨╡╤Б╤Ж╨╡╨╜╨╡╨╜╨╕╤П ╨╛╤В╤А╨░╨╢╨░╨╡╤В ╨╜╨╡╤А╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╤Л╨╡ ╨╕╨╜╨▓╨╡╤Б╤В╨╕╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤А╨╡╤И╨╡╨╜╨╕╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡ ╨╕ ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╨╡ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨░╨Э╨╡╨┤╨▓╨╕╨╢╨╕╨╝╨╛╤Б╤В╤М, ╨╖╨░╨▓╨╛╨┤╤Л ╨╕ ╨╛╨▒╨╛╤А╤Г╨┤╨╛╨▓╨░╨╜╨╕╨╡╨Э╨╡╨┤╨▓╨╕╨╢╨╕╨╝╨╛╤Б╤В╤М ╨╕ ╨╛╨▒╨╛╤А╤Г╨┤╨╛╨▓╨░╨╜╨╕╨╡ (╨Ю╤Б╨╜╨╛╨▓╨╜╤Л╨╡ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨░) ╨╛╤В╨╜╨╛╤Б╤П╤В╤Б╤П ╨║ ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╨╝ ╨╝╨░╤В╨╡╤А╨╕╨░╨╗╤М╨╜╤Л╨╝ ╨░╨║╤В╨╕╨▓╨░╨╝, ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╨╡╨╝╤Л╨╝ ╨▓ ╤Е╨╛╨╖╤П╨╣╤Б╤В╨▓╨╡╨╜╨╜╨╛╨╣ ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╨┤╨╗╨╕╤В╨╡╨╗╤М╨╜╨╛╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░ ╨╕╨╗╨╕ ╨╝╨╜╨╛╨│╨╕╤Е ╨╗╨╡╤В. ╨в╨░╨║╨╕╨╡ ╨▓╨╜╨╡╨╛╨▒╨╛╤А╨╛╤В╨╜╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л ╨╜╨╡ ╨┐╨╛╨║╤Г╨┐╨░╤О╤В╤Б╤П ╤З╨░╤Б╤В╨╛, ╨╕ ╨╛╨╜╨╕ ╨╜╨╡ ╨╝╨╛╨│╤Г╤В ╨▒╤Л╤В╤М ╨╗╨╡╨│╨║╨╛ ╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╨╛╨▓╨░╨╜╤Л ╨▓ ╨╜╨░╨╗╨╕╤З╨╜╤Л╨╡ ╨┤╨╡╨╜╤М╨│╨╕. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╤М╤И╨╡ (╨б╨Ш╨Ч).
• GAAP ╤Б╨╗╨╡╨┤╤Г╨╡╤В ╤Г╤Б╤В╨░╨╜╨╛╨▓╨╗╨╡╨╜╨╜╤Л╨╝ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨░╨╝ ╨╕ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╨░╨╝; ╨╜╨╡-GAAP ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╨╡╤В ╤В╤А╨╕ ╨╝╨╡╤В╨╛╨┤╨░ ╨┤╨╗╤П ╨╛╤В╨╛╨▒╤А╨░╨╢╨╡╨╜╨╕╤П ╤З╨╕╤Б╤В╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕: ╤Н╤В╨╛ ╤Б╨║╨╛╤А╤А╨╡╨║╤В╨╕╤А╨╛╨▓╨░╨╜╨╜╨░╤П ╨┐╤А╨╕╨▒╤Л╨╗╤М, ╨╜╨░╨╕╨▒╨╛╨╗╨╡╨╡ ╨┐╨╛╨┐╤Г╨╗╤П╤А╨╜╤Л╨╝ ╨┐╨╛╨║╨░╨╖╨░╤В╨╡╨╗╨╡╨╝ ╨┤╨╗╤П ╨╜╨╡-GAAP ╤П╨▓╨╗╤П╨╡╤В╤Б╤П EBITDAEBITDAEBITDA ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨▒╨╕╨╖╨╜╨╡╤Б╨░ ╨┤╨╛ ╨▓╤Л╤З╨╡╤В╨░ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╜╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨╜╨░ ╨╕╨╖╨╜╨╛╤Б ╨╕ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤О ╨╕ ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╨╡╤В╤Б╤П ╨┤╨╗╤П ╨▓╨╕╨┤╨╡╤В╤М ╤Д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕╨╡ ╨┤╨╛╤Е╨╛╨┤╤Л ╨╕ ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨▒╨╕╨╖╨╜╨╡╤Б╨░, ╨╛╤Б╨╜╨╛╨▓╨░╨╜╨╜╤Л╨╡ ╤В╨╛╨╗╤М╨║╨╛ ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╤Е ╨╛╨┐╨╡╤А╨░╤Ж╨╕╤П╤Е ╨▒╨╕╨╖╨╜╨╡╤Б╨░, ╨░ ╤В╨░╨║╨╢╨╡ ╤Б╤А╨░╨▓╨╜╨╕╨▓╨░╤В╤М ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨▒╨╕╨╖╨╜╨╡╤Б╨░ ╤Б ╨┐╨╛╨║╨░╨╖╨░╤В╨╡╨╗╤П╨╝╨╕ ╨╡╨│╨╛ ╨║╨╛╨╜╨║╤Г╤А╨╡╨╜╤В╨╛╨▓. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ тАФ ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨▓╤Л╤З╨╡╤В╨░ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╛╨▓, ╨╜╨░╨╗╨╛╨│╨╛╨▓, ╨╕╨╖╨╜╨╛╤Б╨░ ╨╕ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╨╕; ╤З╨╡╤А╨╡╨╖ EBITDA ╨░╨╜╨░╨╗╨╕╤В╨╕╨║╨╕ ╨┐╨╛╨╜╨╕╨╝╨░╤О╤В ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Г╤О ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╤М ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, EBITDA ╤А╨░╤Б╤Б╤З╨╕╤В╤Л╨▓╨░╨╡╤В╤Б╤П ╨║╨░╨║ тАУ EBITEBIT╨Я╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨▓╤Л╤З╨╡╤В╨░ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╛╨▓ ╨╕ ╨╜╨░╨╗╨╛╨│╨╛╨▓ (EBIT) ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨║╨╛╤В╨╛╤А╨░╤П ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨░ ╨┐╨╛╤Б╨╗╨╡ ╨▓╤Л╤З╨╡╤В╨░ ╨▓╤Б╨╡╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╨║╤А╨╛╨╝╨╡ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╛╨▓ ╨╕ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨╕╨╖ ╨▓╤Л╤А╤Г╤З╨║╨╕. ╨Ю╨╜ ╨╛╨▒╨╛╨╖╨╜╨░╤З╨░╨╡╤В ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╨╕ ╨╛╤В ╨▒╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╣ ╨▒╨╡╨╖ ╤Г╤З╨╡╤В╨░ ╨▓╤Б╨╡╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓ ╨╕ ╨╖╨░╤В╤А╨░╤В ╨╜╨░ ╨║╨░╨┐╨╕╤В╨░╨╗. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ +╨Р╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П +╨Р╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П, ╨╡╤Й╨╡ ╨╛╨┤╨╜╨╕╨╝ ╨┐╨╛╨║╨░╨╖╨░╤В╨╡╨╗╨╡╨╝ ╨┤╨╗╤П ╨╜╨╡-GAAP ╤П╨▓╨╗╤П╨╡╤В╤Б╤П EBIT-╨┐╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨▓╤Л╤З╨╡╤В╨░ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╛╨▓ ╨╕ ╨╜╨░╨╗╨╛╨│╨╛╨▓. ╨Т ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╤А╤Г╨║╨╛╨▓╨╛╨┤╤П╤Й╨╕╨╝╨╕ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╨░╨╝╨╕ ╨Ъ╨╛╨╝╨╕╤Б╤Б╨╕╨╕ ╨┐╨╛ ╤Ж╨╡╨╜╨╜╤Л╨╝ ╨▒╤Г╨╝╨░╨│╨░╨╝ ╨╕ ╨▒╨╕╤А╨╢╨░╨╝ (SEC), ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╤О╤Й╨╕╨╡ ╨╜╨╡-GAAP, ╨┤╨╛╨╗╨╢╨╜╤Л ╨┐╤А╨╡╨┤╨╛╤Б╤В╨░╨▓╨╗╤П╤В╤М ╤Б╨▓╨╡╤А╨║╤Г, ╤З╤В╨╛╨▒╤Л ╤Б╨╛╨╛╨▒╤Й╨░╤В╤М ╨╛ ╤Б╨▓╨╛╨╡╨╣ ╤З╨╕╤Б╤В╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б GAAP.

╨б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╤В╨░╨▒╨╗╨╕╤Ж╤Л

╨Ъ╤А╨╕╤В╨╡╤А╨╕╨╕╨Ю╨Я╨С╨г╨Э╨╡-GAAP╨С╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╣ ╤Г╤З╨╡╤В╨Я╤А╨╡╨┤╨┐╨╕╤Б╨░╨╜╨╜╤Л╨╡ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╤Л ╨╕ ╤Д╨╛╤А╨╝╨░╤В╤Л ╤Б╨╛╨▒╨╗╤О╨┤╨░╤О╤В╤Б╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝╨╕ ╨▓ ╨╝╨╡╤В╨╛╨┤╨░╤Е ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨Э╨╡╤В ╤В╨░╨║╨╕╤Е ╨┐╤А╨╡╨┤╨┐╨╕╤Б╨░╨╜╨╜╤Л╤Е ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╛╨▓, ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╝╨╛╨│╤Г╤В ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╨╗╤О╨▒╨╛╨╣ ╨╝╨╡╤В╨╛╨┤ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░.╨Р╨╜╨░╨╗╨╕╨╖ ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨╛╨▓ ╨╕ ╨║╤А╨╡╨┤╨╕╤В╨╛╤А╨╛╨▓╨н╤В╨╛ ╨┐╨╛╨╗╨╡╨╖╨╜╨╛ ╨┤╨╗╤П ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨╛╨▓ ╨┐╤А╨╕ ╨░╨╜╨░╨╗╨╕╨╖╨╡ ╤Б╨▓╨╛╨╕╤Е ╨╕╨╜╨▓╨╡╤Б╤В╨╕╤Ж╨╕╨╣ ╨┐╤Г╤В╨╡╨╝ ╨┐╤А╨╛╤Б╨╝╨╛╤В╤А╨░ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨╛╤В╤З╨╡╤В╨╛╨▓, ╨╜╨╛ ╨╜╨╡╨╝╨╜╨╛╨│╨╛ ╤Б╨╗╨╛╨╢╨╜╨╛ ╨┐╨╛╨╜╤П╤В╤М ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╜╤Л╨╣ ╤Д╨╛╤А╨╝╨░╤В. ╨Ю╨▒╤Л╤З╨╜╤Л╨╡ ╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╨╡╨╗╨╕, ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л ╨╕ ╨║╤А╨╡╨┤╨╕╤В╨╛╤А╤Л ╨╝╨╛╨│╤Г╤В ╨╗╨╡╨│╨║╨╛ ╨┐╨╛╨╜╤П╤В╤М ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨╛╤В╤З╨╡╤В╤Л.╨б╤В╨░╨╜╨┤╨░╤А╤В╤Л╨н╤В╨╛ ╨╛╤В╤А╨░╤Б╨╗╨╡╨▓╨╛╨╣ ╤Б╤В╨░╨╜╨┤╨░╤А╤В. ╨н╤В╨╛ ╨╜╨╡ ╨╛╤В╤А╨░╤Б╨╗╨╡╨▓╨╛╨╣ ╤Б╤В╨░╨╜╨┤╨░╤А╤В.╨Ф╨╡╨╗╨╛╨▓╤Л╨╡ ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╕╨Я╨╛╨║╨░╨╖╤Л╨▓╨░╨╡╤В ╤З╨╡╤В╨║╤Г╤О ╨║╨░╤А╤В╨╕╨╜╤Г ╨▒╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╣ ╤Б ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╤В╨╛╤З╨║╨╕ ╨╖╤А╨╡╨╜╨╕╤П. ╨Э╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╨▓╨╜╨╡╤Б╤В╨╕ ╨╜╨╡╨║╨╛╤В╨╛╤А╤Л╨╡ ╨║╨╛╤А╤А╨╡╨║╤В╨╕╨▓╤Л, ╤З╤В╨╛╨▒╤Л ╨┤╨░╤В╤М ╤З╨╡╤В╨║╨╛╨╡ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╨╡╨╜╨╕╨╡ ╨╛ ╨▒╨╕╨╖╨╜╨╡╤Б-╨╛╨┐╨╡╤А╨░╤Ж╨╕╤П╤Е.╨Х╨┤╨╕╨╜╨╛╨▓╤А╨╡╨╝╨╡╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л╨Х╨┤╨╕╨╜╨╛╨▓╤А╨╡╨╝╨╡╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л ╨▒╤Г╨┤╤Г╤В ╨▓╨║╨╗╤О╤З╨╡╨╜╤Л ╨▓ ╨╡╨│╨╛ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨╛╤В╤З╨╡╤В╤Л. ╨Х╨┤╨╕╨╜╨╛╨▓╤А╨╡╨╝╨╡╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л ╨▒╤Г╨┤╤Г╤В ╨╕╤Б╨║╨╗╤О╤З╨╡╨╜╤Л ╨╕╨╖ ╨╡╨│╨╛ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨╛╤В╤З╨╡╤В╨╛╨▓.╨Ю╤Д╨╛╤А╨╝╨╗╨╡╨╜╨╕╨╡ ╨▓╨╕╤В╤А╨╕╨╜╨Т ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨╜╨╡╤В ╨╝╨╡╤Б╤В╨░ ╨┤╨╗╤П ╨┐╨╛╨║╨░╨╖╤Г╤Е╨╕ ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╨╕. ╨Т ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨╡╤Б╤В╤М ╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨╛╤Б╤В╤М ╨┤╨╗╤П ╨┐╨╛╨║╨░╨╖╤Г╤Е╨╕ ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╨╕.╨б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓╨б╤Г╤Й╨╡╤Б╤В╨▓╤Г╨╡╤В ╨╜╨░╨┤╨╡╨╢╨╜╨╛╨╡ ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╨╡ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓ ╨╛╤В ╨╛╤В╤А╨░╤Б╨╗╨╕ ╨║ ╨╛╤В╤А╨░╤Б╨╗╨╕, ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨║ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕ ╨╕╨╖ ╨│╨╛╨┤╨░ ╨▓ ╨│╨╛╨┤. ╨Э╨╡╤В ╨╜╨░╨┤╨╡╨╢╨╜╨╛╨│╨╛ ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╤П ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓ ╨╝╨╡╨╢╨┤╤Г ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╡╨╣ ╨║ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╛╤В╤А╨░╤Б╨╗╤М╤О ╨║ ╨╛╤В╤А╨░╤Б╨╗╨╕ ╨╕ ╨╕╨╖ ╨│╨╛╨┤╨░ ╨▓ ╨│╨╛╨┤.

╨Ч╨░╨║╨╗╤О╤З╨╡╨╜╨╕╨╡

• ╨С╨╡╨╖ ╤Б╨╛╨╝╨╜╨╡╨╜╨╕╤П, GAAP ╤П╨▓╨╗╤П╨╡╤В╤Б╤П ╨┐╤А╨╡╨┤╨┐╨╕╤Б╨░╨╜╨╜╤Л╨╝ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╛╨╝, ╨║╨╛╤В╨╛╤А╨╛╨╝╤Г ╤Б╨╗╨╡╨┤╤Г╤О╤В ╨╝╨╡╤В╨╛╨┤╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨Ь╨╡╤В╨╛╨┤╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨Ь╨╡╤В╨╛╨┤╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╤П╤О╤В ╨╜╨░╨▒╨╛╤А ╨┐╤А╨░╨▓╨╕╨╗ ╨╕ ╨┐╤А╨╛╤Ж╨╡╨┤╤Г╤А, ╨║╨╛╤В╨╛╤А╤Л╤Е ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╤П ╨┤╨╛╨╗╨╢╨╜╨░ ╨┐╤А╨╕╨┤╨╡╤А╨╢╨╕╨▓╨░╤В╤М╤Б╤П ╨┐╤А╨╕ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┤╨╛╤Е╨╛╨┤╨╛╨▓ ╨╕ ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨▒╨╕╨╖╨╜╨╡╤Б╨░. ╨г╤З╨╡╤В ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╤Б╤А╨╡╨┤╤Б╤В╨▓ ╨╕ ╤Г╤З╨╡╤В ╨┐╨╛ ╨╝╨╡╤В╨╛╨┤╤Г ╨╜╨░╤З╨╕╤Б╨╗╨╡╨╜╨╕╤П ╤П╨▓╨╗╤П╤О╤В╤Б╤П ╨┤╨▓╤Г╨╝╤П ╨▓╨░╨╢╨╜╤Л╨╝╨╕ ╨╝╨╡╤В╨╛╨┤╨░╨╝╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡, ╨╜╨╛ ╤Н╤В╨╛ ╨╜╨╡ ╨┐╨╛╨┤╤Е╨╛╨┤╨╕╤В ╨║╨░╨╢╨┤╨╛╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╨▓╨╜╨╡╤Б╤В╨╕ ╨╜╨╡╨║╨╛╤В╨╛╤А╤Л╨╡ ╨║╨╛╤А╤А╨╡╨║╤В╨╕╨▓╤Л ╨▓ GAAP, ╨┐╨╛╨┤╤Е╨╛╨┤╤П╤Й╨╕╨╡ ╨┤╨╗╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Э╨╡╤Б╨╝╨╛╤В╤А╤П ╨╜╨░ ╤В╨╛, ╤З╤В╨╛ Non-GAAP ╨╜╨╡ ╤П╨▓╨╗╤П╨╡╤В╤Б╤П ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╜╤Л╨╝ ╨╝╨╡╤В╨╛╨┤╨╛╨╝, ╨┐╤А╨╡╨┤╨┐╨╕╤Б╨░╨╜╨╜╤Л╨╡ ╤Д╨╛╤А╨╝╨░╤В╤Л ╨╕ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╤Л ╨╜╨╡ ╤Б╨╛╨▒╨╗╤О╨┤╨░╤О╤В╤Б╤П, ╨╛╨╜ ╨┐╤А╨╕╨╜╨╕╨╝╨░╨╡╤В╤Б╤П ╨▓ ╨║╨░╤З╨╡╤Б╤В╨▓╨╡ ╨╝╨╡╤В╨╛╨┤╨░ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕. ╨Т╤Б╨╡ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┤╨╛╨╗╨╢╨╜╤Л ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╤М GAAP-╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨▓ ╤Б╨▓╨╛╨╡╨╣ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕ ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╤А╤Г╨║╨╛╨▓╨╛╨┤╤П╤Й╨╕╨╝╨╕ ╨┐╤А╨╕╨╜╤Ж╨╕╨┐╨░╨╝╨╕ ╨Ъ╨╛╨╝╨╕╤Б╤Б╨╕╨╕ ╨┐╨╛ ╨╛╨▒╨╝╨╡╨╜╤Г ╤Ж╨╡╨╜╨╜╤Л╨╝╨╕ ╨▒╤Г╨╝╨░╨│╨░╨╝╨╕ SEC.
• GAAP ╨▒╤Л╨╗ ╤А╨░╨╖╤А╨░╨▒╨╛╤В╨░╨╜ ╨б╨╛╨▓╨╡╤В╨╛╨╝ ╨┐╨╛ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╝╤Г ╤Г╤З╨╡╤В╤Г ╨╕ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨░╨╝ (FASB) ╨┤╨╗╤П ╨╛╨▒╨╡╤Б╨┐╨╡╤З╨╡╨╜╨╕╤П ╨╡╨┤╨╕╨╜╨╛╨│╨╛ ╨╜╨░╨▒╨╛╤А╨░ ╨┐╤А╨░╨▓╨╕╨╗, ╤Д╨╛╤А╨╝╨░╤В╨╛╨▓ ╨╕ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╜╨╜╨╛╨╣ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╨╕. ╨д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨░╤П ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М ╨д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨░╤П ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╨╡╤В ╤Б╨╛╨▒╨╛╨╣ ╤Б╨╕╤Б╤В╨╡╨╝╨░╤В╨╕╤З╨╡╤Б╨║╨╕╨╣ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╨╖╨░╨┐╨╕╤Б╨╕ ╨╕ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╨╡╨╜╨╕╤П ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨┤╨░╨╜╨╜╤Л╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Ю╤В╤З╨╡╤В╤Л ╨╛╤В╤А╨░╨╢╨░╤О╤В ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╡ ╤Б╨╛╤Б╤В╨╛╤П╨╜╨╕╨╡ ╨╕ ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╤Д╨╕╤А╨╝╤Л ╨╖╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╣ ╨┐╨╡╤А╨╕╨╛╨┤. ╨а╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨╛, ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л, ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╤Л, ╤Д╨╕╨╜╨░╨╜╤Б╨╕╤Б╤В╤Л, ╨┐╤А╨░╨▓╨╕╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╨╕ ╤А╨╡╨│╤Г╨╗╨╕╤А╤Г╤О╤Й╨╕╨╡ ╨╛╤А╨│╨░╨╜╤Л ╨┐╨╛╨╗╨░╨│╨░╤О╤В╤Б╤П ╨╜╨░ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨╛╤В╤З╨╡╤В╤Л ╨┐╤А╨╕ ╨┐╤А╨╕╨╜╤П╤В╨╕╨╕ ╤А╨╡╤И╨╡╨╜╨╕╨╣.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨Ш╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л ╨┤╨╛╨╗╨╢╨╜╤Л ╨╕╨╝╨╡╤В╤М ╨▓ ╨▓╨╕╨┤╤Г, ╤З╤В╨╛ ╨╛╨╜╨╕ ╨╝╨╛╨│╤Г╤В ╨╕╨╜╤В╨╡╤А╨┐╤А╨╡╤В╨╕╤А╨╛╨▓╨░╤В╤М ╤Ж╨╕╤Д╤А╤Л ╨╜╨╡ ╨┐╨╛ GAAP, ╨╜╨╛ ╤Ж╨╕╤Д╤А╤Л ╨┐╨╛ GAAP ╨▒╨╛╨╗╨╡╨╡ ╤Г╨╝╨╡╤Б╤В╨╜╤Л. ╨Т ╨┤╨╛╨┐╨╛╨╗╨╜╨╡╨╜╨╕╨╡ ╨║ GAAP ╨▒╨╛╨╗╤М╤И╨╕╨╜╤Б╤В╨▓╨╛ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╣ ╨┐╤Г╨▒╨╗╨╕╨║╤Г╤О╤В ╤Б╨▓╨╛╨╕ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨┐╨╛╨║╨░╨╖╨░╤В╨╡╨╗╨╕ ╨▓ ╤Д╨╛╤А╨╝╨░╤В╨╡ NON-GAAP, ╨░ ╤В╨░╨║╨╢╨╡ ╨┤╨╗╤П ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨╛╨▓, ╤З╤В╨╛╨▒╤Л ╨╗╤Г╤З╤И╨╡ ╨┐╨╛╨╜╤П╤В╤М ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Г╤О ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╣. Non-GAAP ╤В╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╨╡╤В╤Б╤П ╤Б╨║╨╛╤А╤А╨╡╨║╤В╨╕╤А╨╛╨▓╨░╨╜╨╜╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╤М╤О.

╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨н╤В╨╛ ╨▒╤Л╨╗╨╛ ╤А╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨╛ ╨┐╨╛ GAAP ╨╕ Non-GAAP. ╨Ч╨┤╨╡╤Б╤М ╨╝╤Л ╨╛╨▒╤Б╤Г╨╢╨┤╨░╨╡╨╝ ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╨╡ ╤А╨░╨╖╨╗╨╕╤З╨╕╤П ╨╝╨╡╨╢╨┤╤Г GAAP ╨╕ ╨╜╨╡-GAAP, ╨╕╨╜╤Д╨╛╨│╤А╨░╤Д╨╕╨║╤Г ╨╕ ╤Б╤А╨░╨▓╨╜╨╕╤В╨╡╨╗╤М╨╜╤Г╤О ╤В╨░╨▒╨╗╨╕╤Ж╤Г. ╨Т╤Л ╤В╨░╨║╨╢╨╡ ╨╝╨╛╨╢╨╡╤В╨╡ ╨╛╨╖╨╜╨░╨║╨╛╨╝╨╕╤В╤М╤Б╤П ╤Б╨╛ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╨╝╨╕ ╤Б╤В╨░╤В╤М╤П╨╝╨╕ тАУ

• ╨Ь╨б╨д╨Ю ╨╕ ╨Ю╨Я╨С╨г ╨б╨и╨Р
• ╨Ь╨б╨д╨Ю ╨╕ ╨╕╨╜╨┤╨╕╨╣╤Б╨║╨╕╨╡ ╨Ю╨Я╨С╨г
• ╨Я╤А╨╕╨╜╤Ж╨╕╨┐╤Л ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░