Western Union 2015 Annual Report Download - page 99

NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
2016 Proxy Statement | A-1
APPENDIX A
RECONCILIATION OF NON-GAAP MEASURES
Western Union’s management believes the non-GAAP
financial measure presented provides meaningful
supplemental information regarding our operating results
to assist management, investors, analysts, and others in
understanding our financial results and to better analyze
trends in our underlying business, because it provides
consistency and comparability to prior periods.
A non-GAAP financial measure should not be considered in
isolation or as a substitute for the most comparable GAAP
financial measure. A non-GAAP financial measure reflects
an additional way of viewing aspects of our operations that,
when viewed with our GAAP results and the reconciliation
to the corresponding GAAP financial measure, provides a
more complete understanding of our business. Users of the
financial statements are encouraged to review our financial
statements and publicly-filed reports in their entirety and
not to rely on any single financial measure. A reconciliation
of a non-GAAP financial measure to the most directly
comparable GAAP financial measure is included below. All
adjusted year-over-year changes were calculated using prior
year reported amounts.
CONSOLIDATED METRICS FY2015
Revenues, as reported (GAAP) $5,483.7
Foreign currency translation impact(a) $322.6
Revenues, constant currency adjusted $5,806.3
Prior year revenues, as reported (GAAP) $5,607.2
Revenue change, as reported (GAAP) (2)%
Revenue change, constant currency adjusted 4%
Non-GAAP related notes:
(a) Represents the impact from the fluctuation in exchange rates between all foreign currency denominated amounts and the United States dollar.
Constant currency results exclude any benefit or loss caused by foreign exchange fluctuations between foreign currencies and the United
States dollar, net of foreign currency hedges, which would not have occurred if there had been a constant exchange rate.