4Q and FY 2023 Investor Presentation
Reconciliation of Adjusted Financial Measures
to U.S. GAAP
Moody's Corporation Adjusted Operating Income and
Adjusted Operating Margin Reconciliation
Moody's Corporation Diluted EPS Reconciliation
2024F1
(in $ millions)
Operating Income
Operating Margin
Add Adjustment:
Depreciation & Amortization
Restructuring
Adjusted Operating Income
2023
$2,137
Diluted EPS - U.S. GAAP
$9.45 to $10.20
36.1%
Acquisition-Related Intangible Amortization Expenses
Adjusted Diluted EPS
~$0.80
$10.25 to $11.00
373
87
$2,597
Adjusted Operating Margin
43.9%
Note: Some numbers may not foot due to rounding.
1. Guidance as of February 13, 2024. Refer to Table 12 - "2024 Outlook" in the press release titled "Moody's Corporation Reports Results for Fourth Quarter and Full Year 2023; Sets Outlook for 2024" from February 13, 2024, for a complete
list of guidance, reconciliations between adjusted measures and U.S. GAAP, as well as assumptions used by the Company with respect to its guidance.
Moody's |
Decode risk. Unlock opportunity.
4Q and FY 2023 Investor Presentation 69View entire presentation