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  "documentTitle": "Aerojet Rocketdyne Holdings, Inc. (AJRD)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2019-04-09 00:00:00",
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  "notes": "The slide uses a red box to highlight the discrepancy between the investor-reported figure ($225.4M) and the management-compensation figure ($232.7M).",
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      "text": "1) The EBITDAP is defined consistently across AJRD's filings, but Bookings and Corporate Cash Flow From Operations are not. 2) Note: The delta was even wider in 2016: $273.1m (mgmt) vs $201.9 (reported)",
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      "text": "Fiscal 2017 performance targets consisted of adjusted EBITDAP, Corporate operating cash flow, Aerojet Rocketdyne bookings, and certain other individual goals and had a 12-month performance period.",
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