6 ANNUAL REPORT 2012 TABLE OF CONTENTS 7 Introduction 7 ForwardLooking Information 8 Financial Reporting Standards 8 NonGAAP and Additional GAAP Financial Measures 8 Business Strategy 10 Consolidated Financial Highlights 13 Reporting Segments 18 Financial Condition Liquidity and Capital Resources 21 New Accounting Standards 21 Supplemental Disclosures 22 Risk Factors 29 Outlook MANA GEMENTS DISCUSSION AND ANAL Y SIS OF OPERA TING RESUL TS AND FINANCIAL CONDITION MDA DECEMBER 31 2012