cut their losses -- and ours -- and 
(ROOT (S (VP (VBD cut) (NP (NP (PRP$ their) (NNS losses)) (, --) (CC and) (NP (PRP ours)) (, --))) (CC and)))
(ROOT (S (VP (VBD ) (NP (NP (PRP$ ) (NNS )) (, ) (CC ) (NP (PRP )) (, ))) (CC )))