2Q 2020 Investor Presentation
Reconciliation of Adjusted Financial Measures
to GAAP (cont.)
Moody's Corporation Diluted EPS Reconciliation
2015
2016
2017
2018
2019
2020F1
Diluted EPS - GAAP
$4.63
$1.36
$5.15
$6.74
$7.42
$8.15 $8.55
Legacy Tax
(0.03)
Impact of Litigation Settlement
$3.59
Captive insurance company settlement
$0.06
ICRA Gain
FX gain on liquidation of a subsidiary
($0.18)
Restructuring
$0.04
$0.19
$0.23
~ $0.10
CCXI Gain
($0.31)
Acquisition-Related Expenses
$0.10
$0.03
$0.02
Purchase Price Hedge Gain
($0.37)
Acquisition-Related Intangible Amortization Expenses
$0.11
$0.13
$0.23
$0.40
$0.42
Loss pursuant to the divestiture of MAKS
$0.07
~ $0.50
$0.05
Impact of U.S. tax reform
$1.28
($0.30)
Net Impact of U.S./European tax change on deferred
taxes
($0.01)
Increase to non-U.S. UTPS
$0.33
Tax charge pursuant to the divestiture of MAKS
Adjusted Diluted EPS
$0.07
$4.71
$4.94
$6.07
$7.39
$8.29
$8.80 - $9.20
1.
Guidance as of July 30, 2020.
Note: Table may not sum to total due to rounding.
MOODY'S
2Q 2020 Investor Presentation - August 11, 2020
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