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  "documentTitle": "Newmark May 2023 FI Conference Presentation Vf Final",
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      "text": "Certain equity-based compensation charges; Unusual, one-time items; Market movements/hedging; Non-cash asset impairment; Acquisitions, dispositions, and/or resolutions of litigation.",
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      "text": "Newmark may also use a non-GAAP measure called \"liquidity\". The Company considers liquidity to be comprised of the sum of cash and cash equivalents, marketable securities, and reverse repurchase agreements...",
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      "text": "Since Newmark's Adjusted EBITDA is not a recognized measurement under GAAP, investors should use this measure in addition to GAAP measures of net income when analyzing Newmark's operating performance.",
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      "text": "Newmark anticipates providing forward-looking guidance for GAAP revenues and for certain non-GAAP measures from time to time. However, the Company does not anticipate providing an outlook for other GAAP results.",
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