\n\n| Herbalife Nutrition Ltd. and Subsidiaries<\/td>\n | | <\/tr>\n
\n| Condensed Consolidated Statements of Cash Flows<\/td>\n | | <\/tr>\n
\n| (In millions)<\/td>\n | | <\/tr>\n
\n| (Unaudited)<\/td>\n | | <\/tr>\n
\n | \n | \nSix Months Ended<\/td>\n | | <\/tr>\n
\n | \n | \n6\/30\/2021<\/span><\/td>\n | | \n6\/30\/2020<\/span><\/td>\n | | <\/tr>\n
\n| CASH FLOWS FROM OPERATING ACTIVITIES:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Net income<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n291.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n160.7\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Depreciation and amortization<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n53.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n49.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Share-based compensation expenses<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n27.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n22.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Non-cash interest expense<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n14.4\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n12.8\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Deferred income taxes<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n7.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n9.7\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Inventory write-downs<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n13.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n8.1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Foreign exchange transaction loss<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n9.4\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n7.1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Loss on extinguishment of debt<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n24.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.2\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Changes in operating assets and liabilities:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Receivables<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(25.5\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(33.7\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Inventories<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(57.0\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(19.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Prepaid expenses and other current assets<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(29.6\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(18.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Accounts payable<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n16.8\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n9.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Royalty overrides<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(7.0\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n29.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other current liabilities<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(53.8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n140.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| NET CASH PROVIDED BY OPERATING ACTIVITIES<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n286.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n385.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| CASH FLOWS FROM INVESTING ACTIVITIES:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Purchases of property, plant and equipment<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(68.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(49.6\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| NET CASH USED IN INVESTING ACTIVITIES<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(68.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(49.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| CASH FLOWS FROM FINANCING ACTIVITIES:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Borrowings from senior secured credit facility, net of discount<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n345.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n30.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Principal payments on senior secured credit facility and other debt<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(205.5\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(10.6\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Proceeds from senior notes<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n600.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n600.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Repayment of senior notes<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(420.7\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Debt issuance cost<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(7.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(6.8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Share repurchases<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(733.2\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(26.0\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(419.8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n588.4\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(6.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(23.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(207.7\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n900.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,054.0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n847.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n846.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n1,748.1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n \nSupplemental Information\n<\/p>\n \nSCHEDULE A: RECONCILIATION OF NON-GAAP FINANCIAL MEASURES\n<\/p>\n \n(Unaudited and unreviewed), (All tables provide Dollars in millions, except per Share Data)\n<\/p>\n \nAdjusted Net Income, Adjusted Diluted EPS and Adjusted EBITDA\n<\/p>\n \nIn addition to its reported results and guidance calculated in accordance with GAAP, the Company has included in this release adjusted net income, adjusted diluted EPS and adjusted EBITDA, performance measures that the Securities and Exchange Commission defines as \u201cnon-GAAP financial measures.\u201d Adjusted net income, adjusted diluted EPS and adjusted EBITDA exclude the impact of certain unusual or non-recurring items such as non-cash interest expense and amortization associated with the Company\u2019s convertible notes, expenses related to regulatory inquiries and legal accruals, debt issuance costs and losses on extinguishment of debt, as further detailed in the reconciliations below. Management believes that such non-GAAP financial measures, when read in conjunction with the Company\u2019s reported results, calculated in accordance with GAAP, can provide useful supplemental information for investors because they facilitate a period to period comparative assessment of the Company\u2019s operating performance relative to its performance based on reported results under GAAP, while isolating the effects of some items that vary from period to period without any correlation to core operating performance and eliminate certain charges that management believes do not reflect the Company\u2019s operations and underlying operational performance. The Company\u2019s definition and calculation as set forth in the tables below of adjusted net income, adjusted diluted earnings per share and adjusted EBITDA may not be comparable to similarly titled measures used by other companies because other companies may not calculate them in the same manner as the Company does and should not be viewed in isolation from nor as alternatives to net income or diluted EPS calculated in accordance with GAAP. The Company does not provide reconciliations of forward-looking non-GAAP adjusted EPS and adjusted EBITDA guidance to net income, the comparable GAAP measure, because the impact and timing of the potential charges and gains cannot be determined without unreasonable efforts due to the inherent historical variability, complexity, and unpredictability. These items, which are necessary for a presentation of a reconciliation to GAAP, could have a potentially significant impact on the Company\u2019s GAAP results.\n<\/p>\n \nIn addition, China grant income is no longer excluded from the Company\u2019s adjusted results and prior period information has been updated to reflect the current period presentation.\n<\/p>\n \nCurrency Fluctuation\n<\/p>\n \nOur international operations have provided and will continue to provide a significant portion of our total net sales. As a result, total net sales will continue to be affected by fluctuations in the U.S. dollar against foreign currencies. In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, in addition to comparing the percent change in net sales from one period to another in U.S. dollars, we also compare the percent change in net sales from one period to another period using \u201cnet sales in local currency.\u201d Net sales in local currency is not a U.S. GAAP financial measure. Net sales in local currency removes from net sales in U.S. dollars the impact of changes in exchange rates between the U.S. dollar and the local currencies of our foreign subsidiaries, by translating the current period net sales into U.S. dollars using the same foreign currency exchange rates that were used to translate the net sales for the previous comparable period. We believe presenting net sales in local currency is useful to investors because it allows a meaningful comparison of net sales of our foreign operations from period to period. However, net sales in local currency measures should not be considered in isolation or as an alternative to net sales in U.S. dollar measures that reflect current period exchange rates, or to other financial measures calculated and presented in accordance with U.S. GAAP.\n<\/p>\n \nIn addition, the impact of foreign currency fluctuations in Venezuela and the price increases the Company implements as a result of the highly inflationary economy in that market can each, when considered in isolation, have a disproportionately large impact to the Company\u2019s consolidated results despite the offsetting nature of these drivers and that net sales in Venezuela, which represent less than 1% of the Company\u2019s consolidated net sales, are not material to our consolidated results. Therefore, in certain instances, the Company believes it is helpful to provide additional information with respect to these factors as reported and excluding the impact of Venezuela to illustrate the disproportionate nature of Venezuela\u2019s individual pricing and foreign exchange impact to the Company\u2019s consolidated results. However, excluding the impact of Venezuela from these measures is not in accordance with U.S. GAAP and should not be considered in isolation or as an alternative to the presentation and discussion thereof calculated in accordance with U.S. GAAP.\n<\/p>\n \n\n\n| The following is a reconciliation of net income, presented and reported in accordance with U.S. generally accepted accounting principles, to net income adjusted for certain items:<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/td>\n | Six Months Ended<\/td>\n | | <\/tr>\n \n | \n | \n6\/30\/2021<\/td>\n | 6\/30\/2020<\/td>\n | 6\/30\/2021<\/td>\n | 6\/30\/2020<\/td>\n | | <\/tr>\n \n | \n | \n(in millions)<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net income, as reported<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n144.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n115.1\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n291.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n160.7\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n \nExpenses related to regulatory inquiries and legal accruals (1) (2) (3)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.8\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n85.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNon-cash interest expense and amortization of non-cash issuance costs (1) (2) (4)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n10.7\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nDebt issuance costs related to the senior secured credit facility amendment (1) (2)<\/sup>(5)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1.1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNet expenses related to COVID-19 pandemic (1) (2)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n4.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6.1\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n9.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nLoss on extinguishment of debt (1) (2) (6)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n24.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n24.6\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNon-income tax items, net (1) (2) (7)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(7.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(7.4\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nIncome tax adjustments for above items (1) (2)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(4.3\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n8.2\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(5.5\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(10.2\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n\n| Net income, as adjusted<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n167.5\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n135.7\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n325.3\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n258.9\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n| The following is a reconciliation of diluted earnings per share, presented and reported in accordance with U.S. generally accepted accounting principles, to diluted earnings per share adjusted for certain items.<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/td>\n | Six Months Ended<\/td>\n | | <\/tr>\n \n | \n | \n6\/30\/2021<\/td>\n | 6\/30\/2020<\/td>\n | 6\/30\/2021<\/td>\n | 6\/30\/2020<\/td>\n | | <\/tr>\n \n | \n | \n(per share)<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Diluted earnings per share, as reported<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n1.31\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n0.82\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2.63\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.15\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n \nExpenses related to regulatory inquiries and legal accruals (1) (2) (3)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.01\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.61\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNon-cash interest expense and amortization of non-cash issuance costs (1) (2) (4)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.05\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.04\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.10\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.08\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nDebt issuance costs related to the senior secured credit facility amendment (1) (2)<\/sup>(5)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.01\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNet expenses related to COVID-19 pandemic (1) (2)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.04\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.04\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.08\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.08\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nLoss on extinguishment of debt (1) (2) (6)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.22\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.22\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nNon-income tax items, net (1) (2) (7)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.07\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.07\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\nIncome tax adjustments for above items (1) (2)<\/sup><\/td>\n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.04\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.06\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.05\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.07\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | <\/tr>\n\nAdjusted diluted earnings per adjusted share (8)<\/sup><\/td>\n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n1.52\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n0.97\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n2.94\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$\n<\/p>\n<\/td>\n | \n \n1.85\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | <\/tr>\n\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n | | | | | | | | | | | | | | | | | |
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