Expenses

12 Months Ended

Dec. 31, 2022

Analysis of income and expense [abstract]

Expenses

Expenses:

For the years ended December 31	2022		2021
Cost of sales	$	3,238,312	$	3,111,924
Selling and distribution	498,552		522,539
Administrative expenses	81,657		68,131
Total expenses by function	$	3,818,521	$	3,702,594
Cost of raw materials and purchased methanol	2,789,921		2,739,817
Ocean freight and other logistics	325,893		356,520
Employee expenses, including share-based compensation	219,012		210,849
Other expenses	111,275		32,324
Cost of sales and operating expenses	3,446,101		3,339,510
Depreciation and amortization	372,420		363,084
Total expenses by nature	$	3,818,521	$	3,702,594

For the year ended December 31, 2022 we recorded a share-based compensation expense of $15.4 million (2021 - recovery of $1.2 million), the majority of which is included in administrative expenses for the total expenses by function presentation above.

Included in cost of sales is $532.5 million (2021 - $620.2 million) of cost of sales which are recognized as sales to Methanex in our Atlas equity investee’s statements of income.