RYDER SYSTEM INC

Previous wording

•Diluted EPS from continuing operations of $2.29, up 21% from prior year

Current wording

•Diluted EPS from continuing operations of $3.15, up 11% from prior year

Previous wording

•Comparable EPS (a non-GAAP measure) from continuing operations of $2.46, up 15% from prior year, reflecting higher contractual earnings in all segments, partially offset by weaker market conditions in rental and used vehicle sales

Current wording

•Comparable EPS (a non-GAAP measure) from continuing operations of $3.32, up 11% from prior year, reflecting higher contractual earnings and share repurchases

Previous wording

•Operating revenue (a non-GAAP measure) of $2.6 billion, up 2%, reflecting prior year acquisition and contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS), partially offset by lower commercial rental revenue

Current wording

•Operating revenue (a non-GAAP measure) of $2.6 billion, up 2%, reflecting contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS)

Previous wording

During the three months ended March 31, 2025, the strength and diversification of our contractual portfolio in lease, supply chain and dedicated and execution of strategic initiatives helped mitigate the impact of weak market conditions on commercial rental demand and used vehicle sales. We continue to benefit from favorable long-term secular trends in logistics and transportation solutions; however, we are experiencing near-term sales headwinds that reflect the extended freight downturn and overall economic uncertainty. The favorable secular trends provide long-term revenue and earnings growth opportunities for all of our business segments.

Current wording

During the three and six months ended June 30, 2025, the strength and diversification of our contractual portfolio and execution of strategic initiatives helped mitigate the impact of weak market conditions on used vehicle sales and commercial rental demand. We continue to benefit from favorable long-term secular trends in logistics and transportation solutions; however, we are experiencing near-term sales headwinds that reflect the extended freight downturn and overall economic uncertainty. The favorable secular trends provide long-term revenue and earnings growth opportunities for all of our business segments.

Previous wording

In our FMS business, strong lease performance was driven by our lease pricing and maintenance cost savings initiatives which delivered improved portfolio returns. Rental demand and used vehicle pricing declined from the prior year with rental utilization at 66% during the three months ended March 31, 2025 and 2024, on a smaller fleet in 2025. We do not anticipate significant improvement in the current freight market conditions for the remainder of the year.

Current wording

In our FMS business, strong lease performance was driven by our lease pricing and maintenance cost savings initiatives which delivered strong portfolio returns. Used vehicle sales and rental demand declined from the prior year during the first half of 2025, reflecting freight market conditions. Rental utilization was 70% and 68% during the three and six months ended June 30, 2025, respectively, compared to 69% and 68%, respectively, in the prior year, on a smaller fleet in 2025. We do not anticipate significant improvement in the current freight market conditions for the remainder of the year.

Previous wording

Our SCS business had improved operating performance from the optimization of the omnichannel retail network and new business. DTS continued to benefit from synergies related to the prior year acquisition of Cardinal Logistics. We expect to realize further benefits from the acquisition for the remainder of 2025.

Current wording

Our SCS business benefited from operating revenue growth and improved operating performance from the optimization of the omnichannel retail network. Dedicated Transportation Solutions (DTS) continued to benefit from synergies related to the prior year acquisition of Cardinal Logistics, but generated less revenue given a reduction in fleet count resulting from the prolonged freight market downturn. We expect to realize further benefits from the acquisition for the remainder of 2025.

Previous wording

While we are experiencing positive momentum in our businesses, other unknown effects from inflationary cost pressures, labor interruptions, extended disruptions in vehicle and vehicle part production, introduction of tariffs and taxes and the higher interest rate environment may negatively impact demand for our business, financial results and significant judgments and estimates.

Current wording

While we are experiencing positive momentum in our businesses, other unknown effects from inflationary cost pressures, labor interruptions, introduction of tariffs and taxes and the continued higher interest rate environment may negatively impact demand for our business, financial results and significant judgments and estimates.

Previous wording

Total revenue increased 1% in the first quarter of 2025 due to higher operating revenue, partially offset by lower fuel revenue. Operating revenue (a non-GAAP measure excluding fuel and subcontracted transportation) increased 2% in the first quarter of 2025, reflecting prior year acquisition and contractual revenue growth in SCS and FMS, partially offset by lower commercial rental revenue.

Current wording

Total revenue was$3.2 billion in the second quarter of 2025, and $6.3 billion in the six months ended June 30, 2025, consistent with prior year. Operating revenue (a non-GAAP measure excluding fuel and subcontracted transportation)increased 2% in the second quarter of 2025, and for thesix months ended June 30, 2025, reflecting contractual revenue growth in SCS and FMS.

Previous wording

EBT and comparable EBT (a non-GAAP measure) increased in the first quarter of 2025, primarily due to higher contractual earnings in all segments, partially offset by weaker market conditions in rental and used vehicle sales.

Current wording

EBT and comparable EBTincreased in thesecond quarter andsix months ended June 30, 2025, primarily due to higher contractual earnings, partially offset by lower used vehicle sales and rental results.

Previous wording

Services revenue represents all the revenue associated with our SCS and DTS business segments, including subcontracted transportation and fuel, as well as SelectCare revenue associated with our FMS business segment. Services revenue increased 2% in the first quarter of 2025, primarily driven by the prior year acquisition, new business and higher customer volumes.

Current wording

Services revenue represents all the revenue associated with our SCS and DTS business segments, including subcontracted transportation and fuel, as well as SelectCare and fleet support services associated with our FMS business segment. Services revenue was consistent in the second quarter and increased 1% in the six months ended June 30, 2025, primarily driven by the prior year acquisition and new business as well as higher customer volumes and pricing.

Previous wording

Cost of services represents the direct costs related to services revenue and is primarily comprised of salaries and employee-related costs, subcontracted transportation (purchased transportation from third parties), fuel, equipment and maintenance costs. Cost of services increased 2% in the first quarter of 2025, from growth in revenue.

Current wording

Cost of services represents the direct costs related to services revenue and is primarily comprised of salaries and employee-related costs, subcontracted transportation (purchased transportation from third parties), fuel, vehicle liability costs and maintenance costs. Cost of services remained consistent in the second quarter of 2025, and increased 1% for the six months ended June 30, 2025, reflecting revenue growth.

Previous wording

Services gross margin and gross margin as a percentage of revenue increased in the first quarter of 2025, primarily due to improved operating efficiency from strategic initiatives and acquisition synergies.

Current wording

Services gross margin and service gross margin percentage increased in the second quarter and for the six months ended June 30, 2025, reflecting improved operating performance from strategic initiatives.

Previous wording

Lease & related maintenance and rental revenue represent revenue from our ChoiceLease and commercial rental product offerings within our FMS business segment. Revenue increased 1% in the first quarter of 2025, primarily due to ChoiceLease revenue growth, partially offset by lower rental demand.

Current wording

Lease & related maintenance and rental revenue represent revenue from our ChoiceLease and commercial rental product offerings within our FMS business segment. Revenue increased 2% in the second quarter and 1% in the six months ended June 30, 2025, reflecting ChoiceLease revenue growth, partially offset by lower rental demand.

Previous wording

Cost of lease & related maintenance and rental represents the direct costs related to Lease & related maintenance and rental revenue and are comprised of depreciation of revenue earning equipment, maintenance costs (primarily repair parts and labor), and other costs such as licenses, insurance and operating taxes. Cost of lease & related maintenance and rental excludes interest costs from vehicle financing, which are reported within "Interest expense" in our Condensed Consolidated Statements of Earnings. Cost of lease & related maintenance and rental decreased 3% in the first quarter of 2025, primarily reflecting maintenance cost savings initiatives.

Current wording

Cost of lease & related maintenance and rental represents the direct costs related to Lease & related maintenance and rental revenue and are comprised of depreciation of revenue earning equipment, maintenance costs (primarily repair parts and labor), and other costs such as licenses, insurance and operating taxes. Cost of lease & related maintenance and rental excludes interest costs from vehicle financing, which are reported within "Interest expense" in our Condensed Consolidated Statements of Earnings. Cost of lease & related maintenance and rental remained consistent in the second quarter and decreased 2% in the six months ended June 30, 2025, primarily reflecting maintenance cost savings initiative and a smaller lease and rental fleet.

Previous wording

Fuel services revenue represents fuel services provided to our FMS customers. Fuel services revenue decreased 15% in the first quarter of 2025, primarily reflecting lower fuel prices passed through to customers.

Current wording

Fuel services revenue represents fuel services provided to our FMS customers. Fuel services revenue decreased 17% in the second quarter and 16% in the six months ended June 30, 2025, primarily reflecting lower fuel costs passed through to customers and fewer gallons sold.

Previous wording

Cost of fuel services includes the direct costs associated with providing our customers with fuel. These costs include fuel, salaries and employee-related costs of fuel island attendants and depreciation of our fueling facilities and equipment. Cost of fuel services decreased 14% in the first quarter of 2025, as a result of lower fuel prices.

Current wording

Cost of fuel services includes the direct costs associated with providing our customers with fuel. These costs include fuel, salaries and employee-related costs of fuel island attendants, and depreciation of our fueling facilities and equipment. Cost of fuel services decreased 19% in the second quarter and 16% in the six months ended June 30, 2025, as a result of lower fuel costs and fewer gallons sold.

Previous wording

Fuel services gross margin and gross margin as a percentage of revenue was relatively consistent in the first quarter of 2025, compared to prior year. Fuel is largely a pass-through to customers for which we realize minimal changes in margin during periods of steady market fuel prices. However, fuel services margin is impacted by sudden increases or decreases in market fuel prices during a short period of time, as customer pricing for fuel is established based on current market fuel costs. Fuel services gross margin for the first quarter of 2025, was not significantly impacted by these price change dynamics as fuel prices fluctuated during the period.

Current wording

Fuel services gross margin increased in the second quarter and the six months ended June 30, 2025. Fuel services gross margin as a percentage of revenue increased to 6% in the second quarter of 2025 and 4% for the six months ended June 30, 2025. Fuel is largely a pass-through to customers for which we realize minimal changes in margin during periods of steady market fuel prices. However, fuel services margin is impacted by sudden increases or decreases in market fuel prices during a short period of time, as customer pricing for fuel is established based on current market fuel costs. Fuel services gross margin in the second quarter of 2025 was positively impacted by these price change dynamics as fuel prices experienced sudden increases during a short period of time.

Previous wording

SG&A expenses decreased 3% in the first quarter of 2025. The decrease in SG&A expenses in the first quarter of 2025 primarily reflects lower incentive compensation-related expenses, acquisition synergies and prior year integration costs, partially offset by higher investments in information technology. SG&A expenses as a percentage of total revenue remained at 12% for the first quarter of 2025.

Current wording

SG&A expenses increased 3% in the second quarter of 2025, primarily reflecting higher incentive compensation-related expenses and bad debt expense, partially offset by lower travel expenses. SG&A expenses remained consistent for the six months ended June 30, 2025. SG&A expenses as a percentage of total revenue remained consistent at 12% for the second quarter and for the six months ended June 30, 2025.

Previous wording

Non-operating pension costs, net include the amortization of net actuarial loss and prior service cost, interest cost and expected return on plan assets components of pension and postretirement benefit costs, as well as any significant charges for settlements or curtailments if recognized. Non-operating pension costs, net decreased in the first quarter of 2025, primarily due to higher expected return on plan assets.

Current wording

Non-operating pension costs, net include the amortization of net actuarial loss and prior service cost, interest cost and expected return on plan assets components of pension and postretirement benefit costs, as well as any significant charges for settlements or curtailments if recognized.

Previous wording

Used vehicle sales, net includes gains or losses from sales of used vehicles, selling costs associated with used vehicles and write-downs of vehicles held for sale to fair market values (referred to as "valuation adjustments"). Used vehicle sales, net decreased in the first quarter of 2025, due to lower pricing and volume of used vehicles sold.

Current wording

Used vehicle sales, net includes gains or losses from sales of used vehicles, selling costs associated with used vehicles and write-downs of vehicles held for sale to fair market values (referred to as "valuation adjustments"). Used vehicle sales, net decreased in the second quarter and six months ended June 30, 2025, reflecting weaker market conditions and higher wholesale volumes to manage aged inventory levels. The sell of aged inventory through our wholesale channels negatively impacted used vehicle sales results by $10 million during the second quarter of 2025.

Previous wording

Average proceeds per unit decreased in the first quarter of 2025. The following table presents the average used vehicle proceeds per unit changes, using constant currency, compared to the prior year:

Current wording

Average proceeds per unit decreased in the second quarter and for the six months ended June 30, 2025. The following table presents the average used vehicle pricing changes compared to the prior year:

Previous wording

Interest expense increased 9% in the first quarter of 2025, primarily reflecting higher market interest rates on new debt issuances and refinancings.

Current wording

Interest expense increased 6% and 7% in the second quarter and for the six months ended June 30, 2025, respectively, primarily reflecting higher average debt and higher market interest rates on new debt issuances and refinancings.

Previous wording

Miscellaneous loss (income), net consists of investment income on securities used to fund certain benefit plans, interest income, gains on sales of operating property, foreign currency transaction remeasurement and other non-operating items. Miscellaneous loss (income), net was $6 million loss in the first quarter of 2025, compared to $15 million of income in prior year, primarily due to lower performance on investments.

Current wording

Miscellaneous income, net consists of investment income on securities used to fund certain benefit plans, interest income, gains on sales of operating property, foreign currency transaction remeasurement and other non-operating items. Miscellaneous income, net increased to $13 million in the second quarter of 2025, primarily due to higher investment income. Miscellaneous income, net decreased to $8 million for the six months ended June 30, 2025, due to lower performance on investments and interest income and a prior year gain on the sale of assets.

Previous wording

Our FMS segment leases revenue earning equipment, and provides rental vehicles, fuel, maintenance and other ancillary services to the SCS and DTS segments. Inter-segment EBT allocated to SCS and DTS includes earnings related to equipment used in providing services to SCS and DTS customers. EBT related to inter-segment equipment and services billed to SCS and DTS customers (equipment contribution) are included in both FMS and the segment that served the customer and then eliminated upon consolidation (presented as "Eliminations").

Current wording

Our FMS segment leases revenue earning equipment, and provides rental vehicles, fuel, maintenance and other ancillary services to the SCS and DTS segments. Inter-segment EBT allocated to SCS and DTS includes earnings related to equipment used in providing services to SCS and DTS customers. EBT related to inter-segment equipment and services billed to SCS and

Previous wording

(1)For the three months ended March 31, 2025 and 2024, rental revenue from lease customers in place of a lease vehicle represented 31% and 35% of commercial rental revenue, respectively.

Current wording

(1)For the three months ended June 30, 2025 and 2024, rental revenue from lease customers in place of a lease vehicle represented 28% and 30% of commercial rental revenue, respectively. For the six months ended June 30, 2025 and 2024, rental revenue from lease customers in place of a lease vehicle represented 29% and 33% of commercial rental revenue, respectively.

Previous wording

FMS total revenue decreased 1% in the first quarter of 2025, due to lower fuel costs passed through to customers. FMS operating revenue (a non-GAAP measure excluding fuel) increased 1% in the first quarter of 2025, due to higher ChoiceLease revenue, partially offset by lower commercial rental demand.

Current wording

FMS total revenue decreased 1% in the second quarter of 2025 and six months ended June 30, 2025, reflecting lower fuel costs passed through to customers and fewer gallons sold, partially offset by higher operating revenue. FMS operating revenue increased 1% in the second quarter of 2025 and six months ended June 30, 2025, reflecting higher ChoiceLease revenue.

Previous wording

(2)Rental utilization is calculated using the number of days units are rented divided by the number of days units are available to rent based on the days in the calendar year.

Current wording

(2)Rental utilization is calculated using the number of days units are rented divided by the number of days units are available to rent in the calendar year.

Previous wording

SCS total revenue increased 2% in the first quarter of 2025, reflecting higher operating revenue (a non-GAAP measure excluding subcontracted transportation and fuel). SCS operating revenue increased 3% in the first quarter of 2025, driven by new business and higher customer volumes.

Current wording

SCS total revenue increased 2% in the second quarter of 2025 and six months ended June 30, 2025, primarily as a result of higher operating revenue (a non-GAAP measure excluding fuel and subcontracted transportation). SCS operating revenue increased 3% in the second quarter of 2025 and six months ended June 30, 2025, driven by new business as well as higher customer volumes and pricing.

Previous wording

DTS total revenue increased 7% in the first quarter of 2025, primarily due to higher operating revenue (a non-GAAP measure excluding subcontracted transportation and fuel). DTS operating revenue increased 8% in the first quarter of 2025, due to the prior year acquisition completed February 2024.

Current wording

DTS total revenue decreased 5% in the second quarter of 2025 primarily due to lower operating revenue (a non-GAAP measure excluding fuel and subcontracted transportation) and increased 1% for the six months ended June 30, 2025, primarily due to higher operating revenue (a non-GAAP measure excluding fuel and subcontracted transportation). DTS operating revenue decreased 3% in the second quarter of 2025 primarily due to lower fleet count reflecting the prolonged freight market downturn and increased 2% in the six months ended June 30, 2025, due to the prior year acquisition completed February 2024.

Previous wording

Net cash provided by operating activities from continuing operations was $651 million for the three months ended March 31, 2025, compared to $526 million in the prior year, primarily reflecting lower working capital needs. Net cash used in investing activities from continuing operations decreased to $393 million for the three months ended March 31, 2025, compared with $810 million in 2024, primarily reflecting the prior year acquisition of Cardinal Logistics and lower capital expenditures. Net cash used in financing activities from continuing operations was $261 million for the three months ended March 31, 2025, compared with cash provided by financing activities from continuing operations of $316 million in 2024, primarily reflecting net debt repayments and higher share repurchases.

Current wording

Net cash provided by operating activities from continuing operations was $1.4 billion for the six months ended June 30, 2025, compared to $1.1 billion in the prior year, primarily reflecting lower income tax payments and the timing of vendor payments. Net cash used in investing activities from continuing operations decreased to $943 million for the six months ended June 30, 2025, compared with $1.3 billion in 2024, primarily reflecting the prior year acquisition of Cardinal Logistics and lower capital expenditures. Net cash used in financing activities from continuing operations was $444 million for the six months ended June 30, 2025, compared with cash provided by financing activities from continuing operations of $194 million in 2024, primarily reflecting lower borrowing needs and higher share repurchases.

Previous wording

Free cash flow (a non-GAAP measure) increased to $259 million for the three months ended March 31, 2025, compared to $13 million in 2024, primarily reflects reduced capital expenditures.

Current wording

Free cash flow (a non-GAAP measure) increased to $461 million for the six months ended June 30, 2025, compared to $71 million in 2024, primarily reflecting higher cash provided by operating activities and reduced capital expenditures.

Previous wording

Gross capital expenditures decreased to $536 million for the three months ended March 31, 2025, compared to $716 million in 2024, primarily reflecting reduced investments in the ChoiceLease due to lower sales activity.

Current wording

Gross capital expenditures decreased to $1.2 billion for the six months ended June 30, 2025, compared to $1.3 billion in 2024, primarily reflecting reduced investments in ChoiceLease.

Previous wording

We utilize external capital primarily to support working capital needs and growth in our asset-based product lines. The variety of financing alternatives typically available to fund our capital needs include commercial paper, long-term and medium-term public and private debt, asset-backed securities, bank term loans, leasing arrangements and bank credit facilities. Our principal sources of financing are issuances of unsecured commercial paper and medium-term notes.

Current wording

We utilize external capital primarily to support working capital needs and growth in our asset-based product lines. The variety of financing alternatives typically available to fund our capital needs include commercial paper, medium-term and long-term public and private debt, asset-backed securities, bank term loans, leasing arrangements and bank credit facilities. Our principal sources of financing are issuances of unsecured commercial paper and medium-term notes.

Previous wording

Cash and cash equivalents totaled $151 million as of March 31, 2025. As of March 31, 2025, $114 million was held outside the U.S. and is available to fund operations and other growth of non-U.S. subsidiaries. We consider our U.K. earnings to be no longer indefinitely reinvested. We consider the historical earnings of Mexico, along with our remaining foreign jurisdictions to be permanently reinvested. Federal, state and foreign income taxes, withholding taxes and the tax impact of foreign currency exchange gains or losses were considered on the remaining U.K. undistributed earnings as of March 31, 2025, and there was no impact to deferred taxes.

Current wording

Cash and cash equivalents totaled $180 million as of June 30, 2025. As of June 30, 2025, $120 million was held outside the U.S. and is available to fund operations and growth of non-U.S. subsidiaries. We consider the historical earnings of our former U.K. business to be no longer indefinitely reinvested. We consider the historical earnings of Mexico, along with our remaining foreign jurisdictions to be permanently reinvested. Federal, state and foreign income taxes, withholding taxes and the tax impact of foreign currency exchange gains or losses were considered on the remaining U.K. undistributed earnings as of June 30, 2025, and there was no impact to deferred taxes.

Previous wording

We believe that our operating cash flows, together with our access to the public unsecured bond market, commercial paper market and other available debt financing, will be adequate to meet our operating, investing and financing needs in the foreseeable future. However, volatility or disruption in the public unsecured debt market or the commercial paper market may impair our ability to access these markets or secure terms commercially acceptable to us. If we cease to have access to public bonds, commercial paper and other sources of unsecured borrowings, we would meet our liquidity needs by drawing upon contractually committed lending agreements or by seeking other funding sources.

Current wording

We believe that our operating cash flows, together with our access to the public unsecured bond market, commercial paper market and other available debt financing markets, will be adequate to meet our operating, investing and financing needs in the foreseeable future. However, volatility or disruption in the public unsecured debt market or the commercial paper market may impair our ability to access these markets or secure terms commercially acceptable to us. If we cease to have access to public bonds, commercial paper and other sources of unsecured borrowings, we would meet our liquidity needs by drawing upon contractually committed lending agreements or by seeking other funding sources.

Previous wording

In February 2025, we issued an unsecured medium-term note with aggregate principal amount of $300 million, bearing annual interest of 5.00%, and maturing on March 15, 2030.

Current wording

In February 2025, we issued an unsecured medium-term note with aggregate principal amount of $300 million, bearing annual interest of 5.00%, and maturing on March 15, 2030. In May 2025, we issued an unsecured medium-term note with aggregate principal amount of $300 million, bearing annual interest of 4.85%, and maturing on June 15, 2030.

Previous wording

In accordance with our funding philosophy, we attempt to align the aggregate average remaining re-pricing life of our debt with the aggregate average remaining re-pricing life of our vehicle assets. We utilize both fixed-rate and variable-rate debt to achieve this alignment and generally targeta mix of 20% - 40% variable-rate debt as a percentage of total debt outstanding. The variable-rate portion of our total debt (including notional value of swap agreements) was 14% and 18% as of March 31, 2025 and December 31, 2024, respectively.

Current wording

In accordance with our funding philosophy, we attempt to align the aggregate average remaining repricing life of our debt with the aggregate average remaining repricing life of our vehicle assets. We utilize both fixed-rate and variable-rate debt to achieve this alignment and generally target a mix of 20% - 40% variable-rate debt as a percentage of total debt outstanding. The variable-rate portion of our total debt (including notional value of swap agreements) was 15% and 18% as of June 30, 2025 and December 31, 2024, respectively.

Previous wording

Our debt-to-equity ratio was 259% and 250% as of March 31, 2025 and December 31, 2024, respectively. The debt-to-equity ratio represents total debt divided by total equity.

Current wording

Our debt-to-equity ratio was 251% and 250% as of June 30, 2025 and December 31, 2024, respectively. The debt-to-equity ratio represents total debt divided by total equity.

Previous wording

In February 2025 and 2024, our board of directors declared a quarterly cash dividend of $0.81 and $0.71 per share of common stock, respectively.

Current wording

In July 2025, our board of directors declared a quarterly cash dividend of $0.91 per share of common stock, an increase of 12% compared to $0.81 per share of common stock paid in July 2024.

Previous wording

The following table provides a reconciliation of GAAP Earnings from continuing operations before income taxes (EBT), Earnings from continuing operations, and Earnings from continuing operations per common share — Diluted (Diluted EPS) to comparable EBT, comparable earnings, and comparable EPS. Certain items included in EBT, Earnings from continuing operations, and Diluted EPS have been excluded from our comparable EBT, comparable earnings and comparable diluted EPS measures. The following table lists a summary of these items, which are discussed in more detail throughout our MD&A and within the Notes to Condensed Consolidated Financial Statements:

Current wording

The following table provides a reconciliation of GAAP earnings before taxes (EBT), earnings, and earnings per diluted share (Diluted EPS) from continuing operations to comparable EBT, comparable earnings, and comparable EPS. Certain items included in EBT, earnings, and Diluted EPS from continuing operations have been excluded from our comparable EBT, comparable earnings and comparable EPS measures. The following table lists a summary of these items, which are discussed in more detail throughout our MD&A and within the Notes to Condensed Consolidated Financial Statements: