|September 30,||% Change||% Change|
|(Amounts in millions, except per share data)||2016||2015||Fav (Unfav)||Fav (Unfav)|
|As Adjusted Revenue||$||412.8||$||414.2||0%||1%|
|GAAP Operating Income (1)||$||96.8||$||85.0||14%|
|As Adjusted Operating Income||$||107.3||$||106.0||1%|
|GAAP Diluted Earnings (Loss) Per Share (2)||$||(0.80||)||$||1.62||N/M|
|As Adjusted Diluted Earnings (Loss) Per Share||$||1.79||$||1.84||(3)%|
|Sept 30,||Sept 30,|
|Net Cash Provided By Operating Activities - Continuing Operations (GAAP)||$||280.0||$||283.5|
|Free Cash Flow||$||232.1||$||240.1|
|(1) Quarter ended September 30, 2015 includes the writedown of $8 million in deferred revenue from acquisitions completed in 2015.|
|(2) Quarter ended September 30, 2016 includes a $2.43 non-cash loss associated with the sale of operations in Benelux and Latin America.|
Dun & Bradstreet (NYSE: DNB) reported results for the third quarter ended September 30, 2016 of GAAP revenue up 2% year over year, after the effect of foreign exchange (up 3% before the effect of foreign exchange). As Adjusted and organic revenue both flat year over year, after the effect of foreign exchange (up 1% before the effect of foreign exchange). "We are continuing to execute against our strategy and are leveraging our multi-channel go-to-market approach to drive adoption of our more modern, as-a-service offerings" said Bob Carrigan, CEO of Dun & Bradstreet. "We remain focused on providing our leading commercial data and analytics to our customers when and where they need them, while driving long-term, sustainable growth for the Company."
GAAP net income for the third quarter ended September 30, 2016 included a non-cash loss of $89.6 million associated with the conversion of our Latin America and Benelux operations into Worldwide Network partnerships. The non-cash loss was driven almost entirely by accumulated currency translation.