Financials Cash and cash equivalents were $576 million as of Dec 31, 2017, down 9.7% year over year. Long-term debt was up 14.7% to $3,315 million as of Dec 31, 2017. Capital expenditure in 2017 was $267 million. For 2017, Celanese generated operating cash flow of $803 million and free cash flow of $825 million (before taking into account $316 million of contribution to pension plans). Furthermore, the company returned $741 million to shareholders in 2017, including $241 million of dividends. Outlook Going forward, the company expects the AEM pipeline model to evolve to an increased level of project volume and the Acetyl Chain unit to continue the momentum from its improved model. Tow earnings is anticipated to remain relatively flat. In 2018, Celanese expects its adjusted earnings to grow in the 10-14% range with more growth to be witnessed in the first half of the year.