Investor Presentaiton
Supplemental
Non-GAAP Reconciliations - Annual
Net Financing Revenue (ex. Core OID)
($ millions)
GAAP Net Financing Revenue
Core OID
Net Financing Revenue (ex. Core OID)
Adjusted Other Revenue
($ millions)
GAAP Other Revenue
Accelerated OID & repositioning items
Change in fair value of equity securities
Adjusted Other Revenue
Adjusted NIE (ex. Repositioning)
($ millions)
GAAP Noninterest Expense
Repositioning
Adjusted NIE (ex. Repositioning)
Core Pre-Provision Net Revenue
($ millions)
Pre-Provision Net Revenue
Core Pre-Provision Net Revenue
Adjusted Total Net Revenue
($ millions)
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
[x] $ 6,201
48
$ 6,850
42
$ 6,167
38
$ 4,703
36
$ 4,633
29
$ 4,390
86
[a] $ 6,249
$ 6,892
$ 6,205
$ 4,739
$ 4,662
$ 4,476
$ 4,221
$ 4,292
71
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
[y] $ 2,013
$ 1,578
(107)
215
$ 2,039
131
7
$ 1,983
$ 1,761
$ 1,414
$ 1,544
(29)
(89)
121
[b] $ 1,906
$ 1,793
$ 2,177
$ 1,954
$ 1,672
$ 1,535
$ 1,544
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
[z] $ 5,163
$ 4,687
$ 4,110
$ 3,833
$ 3,429
$ 3,264
$ 3,110
217
77
50
[c] $ 4,946
$ 4,610
$ 4,110
$ 3,783
$ 3,429
$ 3,264
$ 3,110
FY 2023
[x]+[y]-[z]
3,051
[a]+[b]-[c] $ 3,209
FY 2022
3,741
FY 2021
4,096
FY 2020
FY 2019
2,853
2,965
FY 2018
2,540
FY 2017
2,655
$ 4,075
$ 4,271
$ 2,909
$ 2,905
$ 2,747
$ 2,726
Adjusted Total Net Revenue
[a]+[b] $ 8,155
$ 8,685
$ 8,381
$ 6,692
$ 6,334
$ 6,011
$ 5,836
Original issue discount amortization expense
($ millions)
2023
2022
ANNUAL TREND
2021
2020
2019
2018
2017
GAAP original issue discount amortization expense
Other OID
$
Core original issue discount (Core OID) amortization expense
$
61 $
(13) $
48 $
53
(11)
$
49 $
49
$
42
$ 101
$
90
(11)
(13)
(13)
(15)
(20)
42
$
38
$
36
$
29 $
86
$
71
4Q 2023 Preliminary Results
Outstanding original issue discount balance
($ millions)
ANNUAL TREND
2023
2022
2021
2020
2019
GAAP outstanding original issue discount balance
$
Other outstanding OID balance
(831)
39
$ (882)
40
$ (923)
40
$ (1,064)
37
Core outstanding original issue discount balance (Core OID balance)
$
(793)
$ (841)
$
(883)
$ (1,027)
$ (1,063)
$ (1,100)
37
2018
$ (1,135)
43
$ (1,092)
2017
$ (1,235)
57
$ (1,178)
Note: Change in fair value of equity securities impacts the Insurance, Corporate Finance and Corporate and Other segments. The change reflects fair value adjustments to equity securities that are reported at fair
value. Management believes the change in fair value of equity securities should be removed from select financial measures because it enables the reader to better understand the business' ongoing ability to generate
revenue and income.
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