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Expenses
 12 Months Ended
Dec. 31, 2024
Analysis of income and expense [abstract]  
Expenses Expenses:
For the years ended December 31
20242023
Cost of sales
$2,678,081$2,797,794
Selling and distribution
583,357552,693
Administrative expenses
133,672109,415
Total expenses by function
$3,395,110$3,459,902
Cost of raw materials and purchased methanol
2,219,4592,329,856
Ocean freight and other logistics
362,282357,495
Employee expenses, including share-based compensation
251,149243,542
Other expenses
176,517137,179
Cost of sales and operating expenses
3,009,4073,068,072
Depreciation and amortization
385,703391,830
Total expenses by nature
$3,395,110$3,459,902

For the year ended December 31, 2024 we recorded a share-based compensation expense of $24.0 million (2023 - expense of $34.5 million), the majority of which is included in administrative expenses for the total expenses by function presentation above.
Included in cost of sales is $344.9 million (2023 - $466.3 million) of cost of sales which are recognized as sales to Methanex in our Atlas equity investee’s statements of income.