Premier Global Independent Investment Bank Presentation
Reconciliation of GAAP to
Adjusted (non-GAAP) Financials
($ in thousands)
Revenues
Expenses
MOELIS & COMPANY
Three Months Ended June 30, 2021
U.S. GAAP
$360,907
Adjustments
Adjusted
(non-GAAP)
$360,907
Compensation and Benefits
$214,017
$ 0
$214,017
Non Compensation Expenses
$28,672
$28,672
Total Operating Expenses
$242,689
$ 0
$242,689
Operating Income
$118,218
$0
$118,218
Compensation Ratio
Non-Compensation Ratio
Operating Income Margin
59.3 %
7.9 %
32.8 %
59.3 %
7.9 %
32.8 %
Our Adjusted results apply certain adjustments from our GAAP results, including the assumption that 100% of the Firm's second quarter 2021
income was taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are
useful to investors to compare our performance across periods and to better understand our operating results.
Source: Company filings
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