2Q 2023 Investor Presentation slide image

2Q 2023 Investor Presentation

Reconciliation of Adjusted Financial Measures to U.S. GAAP (cont.) Moody's Corporation Diluted EPS Reconciliation 2018 2019 2020 2021 2022 2023F1 Diluted EPS - U.S. GAAP $6.74 $7.42 $9.39 $11.78 $7.44 $8.70 to $9.20 Acquisition-Related Intangible Amortization Expenses $0.40 $0.42 $0.51 $0.65 $0.83 ~$0.85 Acquisition-Related Expenses $0.03 $0.02 Restructuring $0.19 $0.23 $0.20 $0.48 ~$0.20 Impact of U.S. tax reform ($0.30) Increase to non-U.S. UTPs $0.33 Captive insurance company settlement $0.06 Tax charge pursuant to the divestiture of MAKS $0.07 Loss pursuant to the divestiture of MAKS $0.07 $0.05 Non-cash gain relating to minority investment in BitSight ($0.14) FX losses resulting from the Company no longer conducting commercial operations in Russia $0.11 Gain on extinguishment of debt ($0.29) Adjusted Diluted EPS $7.39 $8.29 $10.15 $12.29 $8.57 $9.75 to $10.25 1. Guidance as of August 3, 2023. Refer to Table 10 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results for Second Quarter 2023" from July 25, 2023, 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. 2Q 2023 Investor Presentation 69
View entire presentation