QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2017

NOTE 24 QUARTERLY FINANCIAL DATA (UNAUDITED

		Three Months Ended
(amounts in millions, except EPS)		March 31		June 30		September 30		December 31
2017
Revenue		$	975.2	$	1,000.5	$	1,062.9	$	1,165.5
Operating income		$	443.4	$	457.5	$	445.4	$	462.8
Net income attributable to Moody's		$	345.6	$	312.2	$	317.3	$	25.5
EPS:
	Basic	$	1.81	$	1.63	$	1.66	$	0.13
	Diluted	$	1.78	$	1.61	$	1.63	$	0.13
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)

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.

Net Income attributable to Moody's for the three months ended March 31, 2017 includes the $59.7 million CCXI gain. Net Income attributable to Moody's for the three months ended June 30, 2017 and September 30, 2017 include $41.2 million ($25.3 million net of tax) and $69.9 million ($44.4 million net of tax), respectively, related to gains from FX collars and forward contracts executed to hedge against variability in the euro-denominated purchase price for Bureau van Dijk. Net Income attributable to Moody’s in the three months ended December 31, 2017 includes a net charge of $245.6 million relating to the U.S. corporate tax reform and changes in statutory tax rates in Belgium as more fully discussed in Note 15. 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). In addition, the net loss attributable to Moody’s for the three months ended December 31, 2016 includes an approximate $35 million FX gain related to the liquidation of a subsidiary as well as benefits of $1.6 million to net income related to the resolution of Legacy Tax Matters.