20 November 2015 US Equity Insights Figure 62: S&P 500 quarterly EPS 071.4P EPS SW SOO Ounderly EN MAN Pro -forma EPS litigation Wnteoffs EPS y/c. % Charges EPS ox. Litigation EPS y& % S&P MO S&P 500Ø Pro-fornm Nat Son. CS On) Pinar«Is Non.financials v5r % WV% viv ili 2007 01 22.79 026 23 06 104% 180 4 12.0% 472 14% 133.1 71% 02 2338 143 24 81 I00% 1943 7/.7% 48.9 72% 145.4 72% 03 23 16 021 23 36 36% 184 9 39% Me -7% 145.0 7% 04 18 02 221 2024 117% 161 8 -85% 8.4 .87% 153.4 77% War 67.35 4.11 91.47 721.4 144.4 676,9 200601 18.35 2.16 20.60 -II I% 166 7 -76% 188 -60% 147.9 rs% 02 1823 424 22 47 -9.4% 182 9 -59% 228 -53% 160,1 70% 03 1536 469 2006 44.2% 165.5 -105% 6.0 49% 160.6 71% 04 •1718 23 84 666 -67I% 54.9 46 I% 46.7 NM 121.7 47% Var 34.77 34.92 69.69 5'70.0 -20.1 680.1 2009 01 9.01 437 13 39 347% 1105 -337% 8.1 -57% 102.6 -37% 02 14 70 133 1603 -286% 133 5 -270% 215 4% 112.0 -30% 03 1623 094 17.17 444% 13.6 -720% 171 244% 128.6 -20% 04 7692 018 17 10 1569% 1448 1674% 3.5 NM 1433 19% We 5617 633 63.80 536.5 50.3 496.2 2010 01 1918 129 20 47 530% 020 20.68 I782 612% 319 795% 146.3 43% 02 21.44 027 22.31 391% 0.00 22.31 194 8 459% 31.1 44% 163.7 46% 03 21 74 106 22 81 329% 015 22.96 I992 368% 336 96% 165.7 29% 04 22 01 125 2325 360% 030 23 55 Ø5 393% 322 872% 172.3 20% Year 84.37 4.47 88.85 0.85 89.60 776.7 1287 647.9 2011 01 22 76 127 2403 174% 021 24.24 172% 2130 196% 385 rsx 176.5 21% 02 24.38 0.40 24.75 71.0% 0.33 25.09 125% 219 3 126% 25.7 -17% 193,6 78% 03 24 38 168 2606 142% 0.20 26.25 144.3% 2301 75.5% 343 2% 196.8 78% 04 22 36 296 2532 89% 0.26 2558 8.6% 2220 85% 340 6% 187 9 9% War 11306 6.30 100.18 1.00 101.10 884.4 190.8 763.9 2012 01 24 49 169 26 18