Operator: Greetings and welcome to the CVR Energy Fourth Quarter and Year End 2011 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Ed Morgan, Executive Vice President, Investor Relations. Thank you Mr. Morgan, you may begin.
Ed Morgan - EVP, IR: Thank you, Latonya. Hello, everyone. We very much appreciate you joining us for our CVR Energy conference call today. With me today are Jack Lipinski, our Chief Executive Officer; Frank Pici, our Chief Financial Officer; and Stan Riemann, the Chief Operating Officer. Although we will not reference slides during our call this afternoon, there are slides filed with the SEC this morning which summarize our quarterly and year-end results. These slides along with other financial disclosure and reconciliations for non-GAAP financial measures should assist in analyzing our results and can also be found on our website at CVREnergy.com under the Investor Relations tab.
Prior to discussing our 2011 fourth-quarter and year-end results, we are required to make the following Safe Harbor statement. In accordance with federal securities laws, the statements in this earnings call relating to matters that are not historical facts are forward-looking statements based on management's beliefs and assumptions using currently available information and expectations as of this date and are not guarantees of future performance and do involve certain risks and uncertainties, including those noted in our filings with the Securities and Exchange
This presentation includes various non-GAAP financial measures. The disclosures related to such non-GAAP measures, including reconciliation to the most directly comparable GAAP financial measures are included in our fourth quarter and yearend earnings release that we filed with SEC yesterday after the close of the market.
With that said I'll turn the call over to Jack Lipinski, our Chief Executive Officer. Jack.
John 'Jack' Lipinski - Chairman of the Board, CEO and President: Thank you Ed. Good afternoon everyone. Before we start today let me introduce Frank Pici, our Chief Financial Officer, who joined us just after the first of the year. Frank brings a wealth of experience to CVR Energy. He has 30 years of service in the energy industry and a deep understanding of master limited partnerships like CVR Partners. Also Ed Morgan has become Executive Vice President of Investor Relations providing a greater focus on investor and shareholder matters.
This afternoon Frank and I will provide color around our quarterly and annual numbers. After Frank delivers his report, I'll update you on our progress of the Wynnewood acquisition and the partial turnaround just beginning at Coffeyville.
As you saw in our filings and news release, we had a good fourth quarter and very good year posting our best-ever annual financial results. We reported a consolidated adjusted EBITDA of $692 million for the year, which is nearly what was paid for the entire company back in 2005, and that was despite a 37 day turnaround in the fourth quarter. Even with the turnaround, we had $80 million of consolidated adjusted EBITDA. Frank will walk you through the specifics of both, but I'd like to touch on a few of the many factors that led to these record results.