CFC makes certain adjustments to financial measures in assessing its financial performance that are not in accordance with GAAP.
These non-GAAP adjustments fall primarily into two categories:
- Adjustments related to the calculation of the TIER ratio, and
- Adjustments related to the calculation of leverage and debt to equity ratios.
These adjustments reflect management's perspective on our operations, and in several cases adjustments used to measure covenant compliance under our revolving credit agreements, and therefore we believe these are useful financial measures for investors.
We refer to our non-GAAP financial measures as "adjusted" throughout the following PDF document.
