QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2016

NOTE 24 QUARTERLY FINANCIAL DATA (UNAUDITED)

		Three Months Ended
(amounts in millions, except EPS)		March 31		June 30		September 30		December 31
2016
Revenue		$	816.1	$	928.9	$	917.1	$	942.1
Operating income (loss)		$	304.1	$	410.2	$	397.5	$	(473.1)
Net income (loss) attributable to Moody's		$	184.4	$	255.5	$	255.3	$	(428.6)
EPS:
	Basic	$	0.95	$	1.32	$	1.33	$	(2.25)
	Diluted	$	0.93	$	1.30	$	1.31	$	(2.25)
2015
Revenue		$	865.6	$	918.1	$	834.9	$	865.9
Operating income		$	371.3	$	419.3	$	349.7	$	333.1
Net income attributable to Moody's		$	230.1	$	261.7	$	231.6	$	217.9
EPS:
	Basic	$	1.14	$	1.30	$	1.16	$	1.11
	Diluted	$	1.11	$	1.28	$	1.14	$	1.09

Basic and diluted EPS are computed for each of the periods presented. The number of weighted average shares outstanding changes as common shares are issued pursuant to employee stock-based compensation plans and for other purposes or as shares are repurchased. Therefore, the sum of basic and diluted EPS for each of the four quarters may not equal the full year basic and diluted EPS.

Both the operating loss and the net loss attributable to Moody’s in the three months ended December 31, 2016 primarily reflect the Settlement Charge of $863.8 million ($700.7 million, net-of-tax) as more fully discussed in Note 19. There were benefits of $1.6 million and $6.4 million to net income related to the resolution of Legacy Tax Matters for year ended December 31, 2016 and 2015.