4Q and FY 2022 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
$8.05 to $8.55
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
~$0.10
Impact of U.S. tax reform
($0.30)
Net Impact of U.S./European tax change on deferred taxes
CCXI Gain
Purchase Price Hedge Gain
Increase to non-U.S. UTPS
Captive insurance company settlement
Tax charge pursuant to the divestiture of MAKS
Loss pursuant to the divestiture of MAKS
Non-cash gain relating to minority investment in BitSight
FX losses resulting from the Company no longer
conducting commercial operations in Russia
Gain on extinguishment of debt
Adjusted Diluted EPS
$0.33
$0.06
$0.07
$0.07
$0.05
($0.14)
$0.11
1.
$7.39
$8.29
$10.15
$12.29
($0.29)
$8.57
$9.00 to $9.50
Guidance as of January 31, 2023. Refer to Table 11 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results For Fourth Quarter And Full Year 2022; Sets Outlook For 2023" from January 31, 2023, for a complete
list of guidance, reconciliations between adjusted measures and U.S. GAAP and assumptions used by the Company with respect to its guidance.
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4Q and FY 2022 Investor Presentation
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