Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations
In this Annual Report on Form 10-K ("Annual Report"), the term "Celanese" refers
to Celanese Corporation, a Delaware corporation, and not its subsidiaries. The
terms the "Company," "we," "our" and "us," refer to Celanese and its
subsidiaries on a consolidated basis. The term "Celanese US" refers to the
Company's subsidiary, Celanese US Holdings LLC, a Delaware limited liability
company, and not its subsidiaries.
The following discussion should be read in conjunction with the accompanying
consolidated financial statements and notes to the consolidated financial
statements, which are prepared in accordance with accounting principles
generally accepted in the United States of America ("US GAAP").
Investors are cautioned that the forward-looking statements contained in this
section and other parts of this Annual Report involve both risk and uncertainty.
Several important factors could cause actual results to differ materially from
those anticipated by these statements. Many of these statements are
macroeconomic in nature and are, therefore, beyond the control of management.
See "Forward-Looking Statements" below.
Forward-Looking Statements
Management's Discussion and Analysis of Financial Condition and Results of
Operations ("MD&A") and other parts of this Annual Report contain certain
forward-looking statements and information relating to us that are based on the
beliefs of our management as well as assumptions made by, and information
currently available to, us. Generally, words such as "believe," "expect,"
"intend," "estimate," "anticipate," "project," "plan," "may," "can," "could,"
"might," and "will," and similar expressions, as they relate to us are intended
to identify forward-looking statements. These statements reflect our current
views with respect to future events, are not guarantees of future performance
and involve risks and uncertainties that are difficult to predict. Further,
certain forward-looking statements are based upon assumptions as to future
events that may not prove to be accurate. See "Special Note Regarding
Forward-Looking Statements" at the beginning of this Annual Report for further
discussion.