By The Numbers

  1. Net revenues, net income, EPS and operating margin for all periods reflect Adjusted figures. A reconciliation to the equivalent U.S. GAAP figures is available in the attached.
  2. Adjusted Net Income includes a benefit of $23 million for 1H 2018 and $27 million for FY 2017, respectively, from the application of a new accounting standard for income taxes related to share-based compensation.
  3. Includes dividends to Class A shareholders and equivalent amounts distributed to holders of LP units.
  4. Excludes $123.7 million in 2015, in conjunction with Mizuho's warrant exchange.