For the year ended December 31, 2007 our cumulative total shareholder return was 201.6 percent on the New York Stock Exchange, compared to the cumulative total shareholder returns of 30.4 percent for the Dow Jones US Basic Materials Index (DJUSBMI) and 141.0 percent for our sector.

At December 31, 2007, based on First Call estimates, we carried a higher forward earnings multiple than the average of our sector (P/E of 30.6 versus 18.3, respectively), and carried a higher forward cash flow per share multiple than our sector (24.4 versus 13.4, respectively).

2007 Financial Highlights

For additional 2007 performance information see our Annual Report, or visit our Financial Data page for historical data.

(millions, except per share data and percentages)	Year Ended Dec. 31, 2007		Percent Change vs Year Ended Dec 31, 2006
Sales	$	5,234.2	39.0%
Gross Margin By Segment:
Potash	$	912.3	62.6%
Nitrogen	$	536.1	69.9%
Phosphate	$	432.8	245.4%
Total Gross Margin	$	1,881.2	87.7%
Net income	$	1,103.6	74.7%
Net income per diluted share	$	3.40	71.7%
Adjusted EBITDA 1	$	1,906.3	69.6%
Additions to property, plant and equipment	$	607.2	19.4%
Cash provided by operating activities	$	1,688.9	142.4%

2007 Financial Position

(millions, except for percentages)	As at Dec 31, 2007 2	Percent Change vs Dec 31, 2006
Total assets 2	$ 9,716.6	56.3%
Total equity 2	$ 6,018.7	116.5%
Total debt	$ 1,429.4	-25.4%

1	See reconciliation and description of certain non-GAAP measures in Financial Performance Indicators from our 2007 Financial Review Annual Report
2	Excerpts from Note 1. Significant Accounting Policies, from Notes to the Condensed Consolidated Financial Statements for the Twelve Months Ended December 31, 2007