Second Quarter 2017 Earnings Report
Reconciliation of Non-GAAP Measures
Consolidated Metrics
Revenues, as reported (GAAP)
Foreign currency translation impact (a)
Revenues, constant currency adjusted
Prior year revenues, as reported (GAAP)
Revenue change, as reported (GAAP)
Revenue change, constant currency adjusted
Operating income (loss), as reported (GAAP)
Foreign currency translation impact (a)
State regulator matter accrual (b)
S 1,375.7 $ 1,377.8 S 1.371.7 $ 5,422.9 S 1,302.4 S 1,378.9
2016
3016
4016
FY2016
1017
2017
YTD 2017
S
2,681.3
48.9
52.1
S
1,424.6 S
1,429.9 S
S
1,383.6 S
1,399.2 S
58.7
1,430.4 S
1,380.0 $
217.1
5,640.0 S
30.1
1.332.5
5,483.7 S 1,297.7 S
29.0
59.1
S
1,407.9
S
2,740.4
1,375.7
S
2,673.4
(1)%
(2)%
(1)%
(1)%
0%
0%
0%
3%
2%
4%
3 %
3%
2%
3 %
S
260.3
S
278.3
S
(313.5)
S
483.7
S
239.5
S
214.8
S
454.3
23.5
21.9
28.0
90.2
15.0
6.8
21.8
N/A
N/A
N/A
N/A
N/A
49.0
49.0
15.0
15.0
571.0
601.0
N/A
N/A
N/A
2.1
5.0
13.2
20.3
14.3
35.0
49.3
Joint Settlement Agreements (c)
WU Way business transformation expenses (d)
Operating income, constant currency adjusted, excluding state regulator
matter accrual, Joint Settlement Agreements and WU Way business
transformation expenses
S
300.9
S
320.2
S
298.7 $ 1,195.2
S
268.8
S
305.6
S
574.4
Prior year operating income, excluding Joint Settlement Agreements, WU
Way business transformation expenses and 2015 Paymap Settlement
Agreement (e)
S
286.1
S
304.5
S
Operating income change, as reported (GAAP)
4%
(9)%
281.8 S 1,144.7
(211)%
(56)%
S
258.6
S
277.4
S
536.0
(7)%
(18)%
(12)%
Operating income change, constant currency adjusted, excluding state
regulator matter accrual, Joint Settlement Agreements, WU Way business
transformation expenses and 2015 Paymap Settlement Agreement
5%
6%
Operating income/(loss), as reported (GAAP)
State regulator matter accrual (b)
5%
7%
S
260.3
S
278.3
S
(313.5)
S
483.7
S
239.5
S
214.8
S
454.3
N/A
N/A
N/A
N/A
N/A
49.0
49.0
15.0
15.0
571.0
601.0
N/A
N/A
N/A
2.1
5.0
13.2
20.3
14.3
35.0
49.3
4%
4 %
10%
Joint Settlement Agreements (c)
WU Way business transformation expenses (d)
Operating income, excluding state regulator matter accrual, Joint Settlement
Agreements and WU Way business transformation expenses
S
277.4
S
298.3
$
Operating margin, as reported (GAAP)
18.9 %
20.2 %
270.7
(22.9)%
S
1.105.0
S
253.8
S
298.8
S
552.6
8.9 %
18.4 %
15.6%
16.9 %
Operating margin, excluding state regulator matter accrual, Joint Settlement
Agreements and WU Way business transformation expenses
20.2 %
21.7 %
19.7 %
20.4 %
19.5 %
21.7%
20.6 %
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