Balance Sheet Moody's Corporation

Equities

MCO

US6153691059

Professional Information Services

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Published financial data: MOODY'S CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.83B	5.37B	6.22B	5.47B	5.92B
Total Revenues	4.83B	5.37B	6.22B	5.47B	5.92B
Cost of Goods Sold, Total	1.39B	1.48B	1.64B	1.61B	1.69B
Gross Profit	3.44B	3.9B	4.58B	3.86B	4.23B
Selling General & Admin Expenses, Total	1.17B	1.22B	1.46B	1.52B	1.62B
Depreciation & Amortization - (IS)	200M	220M	257M	331M	373M
Other Operating Expenses, Total	1.37B	1.44B	1.72B	1.85B	2B
Operating Income	2.07B	2.46B	2.86B	2B	2.23B
Interest Expense, Total	-175M	-163M	-185M	-216M	-318M
Interest And Investment Income	17M	11M	54M	15M	63M
Net Interest Expenses	-158M	-152M	-131M	-201M	-255M
Income (Loss) On Equity Invest.	13M	6M	60M	17M	19M
Currency Exchange Gains (Loss)	-18M	2M	-1M	-10M	-30M
Other Non Operating Income (Expenses)	-9M	15M	11M	-6M	41M
EBT, Excl. Unusual Items	1.9B	2.33B	2.8B	1.8B	2.01B
Restructuring Charges	-60M	-50M	-	-114M	-87M
Merger & Related Restructuring Charges	-3M	-	-35M	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	14M
Gain (Loss) On Sale Of Assets	-14M	-9M	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-12M	-42M	-8M	70M	-
EBT, Incl. Unusual Items	1.81B	2.23B	2.76B	1.76B	1.94B
Income Tax Expense	381M	452M	541M	386M	327M
Earnings From Continuing Operations	1.43B	1.78B	2.21B	1.37B	1.61B
Net Income to Company	1.43B	1.78B	2.21B	1.37B	1.61B
Minority Interest	-7M	1M	-	-	-1M
Net Income - (IS)	1.42B	1.78B	2.21B	1.37B	1.61B
Net Income to Common Incl Extra Items	1.42B	1.78B	2.21B	1.37B	1.61B
Net Income to Common Excl. Extra Items	1.42B	1.78B	2.21B	1.37B	1.61B
Per Share Items
Net EPS - Basic	7.51	9.48	11.88	7.47	8.77
Basic EPS - Continuing Operations	7.51	9.48	11.88	7.47	8.77
Basic Weighted Average Shares Outstanding	189M	188M	186M	184M	183M
Net EPS - Diluted	7.42	9.39	11.78	7.44	8.73
Diluted EPS - Continuing Operations	7.42	9.39	11.78	7.44	8.73
Diluted Weighted Average Shares Outstanding	192M	189M	188M	185M	184M
Normalized Basic EPS	6.23	7.77	9.38	6.13	6.84
Normalized Diluted EPS	6.16	7.7	9.31	6.1	6.82
Dividend Per Share	2	2.24	2.48	2.8	3.08
Payout Ratio	26.58	23.62	20.91	37.48	35.1
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	2.27B	2.68B	3.12B	2.34B	2.61B
EBITA	2.17B	2.58B	3.02B	2.2B	2.43B
EBIT	2.07B	2.46B	2.86B	2B	2.23B
EBITDAR	2.38B	2.79B	3.23B	2.45B	2.71B
Effective Tax Rate - (Ratio)	21.05	20.28	19.64	21.93	16.9
Current Domestic Taxes	238M	281M	510M	123M	143M
Current Foreign Taxes	181M	215M	249M	215M	-20M
Total Current Taxes	419M	496M	759M	338M	123M
Deferred Domestic Taxes	-22M	6M	-217M	67M	-18M
Deferred Foreign Taxes	-16M	-50M	-1M	-19M	222M
Total Deferred Taxes	-38M	-44M	-218M	48M	204M
Normalized Net Income	1.18B	1.46B	1.75B	1.13B	1.25B
Interest Capitalized	1M	-	-	-	-
Interest on Long-Term Debt	176M	163M	185M	216M	296M
Non-Cash Pension Expense	5M	6M	6M	-8M	-13M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	112M	110M	111M	115M	108M
Imputed Operating Lease Interest Expense	26.65M	21.9M	21.99M	24.69M	35M
Imputed Operating Lease Depreciation	85.35M	88.1M	89.01M	90.31M	73M
Stock-Based Comp., Other (Total)	136M	154M	175M	169M	193M
Total Stock-Based Compensation	136M	154M	175M	169M	193M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.83B	2.6B	1.81B	1.77B	2.13B
Short Term Investments	98M	99M	91M	90M	63M
Total Cash And Short Term Investments	1.93B	2.7B	1.9B	1.86B	2.19B
Accounts Receivable, Total	1.42B	1.43B	1.72B	1.65B	1.66B
Other Receivables	-	-	-	-	79M
Total Receivables	1.42B	1.43B	1.72B	1.65B	1.74B
Prepaid Expenses	150M	185M	211M	354M	248M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	180M	198M	178M	229M	162M
Total Current Assets	3.68B	4.51B	4.01B	4.09B	4.34B
Gross Property Plant And Equipment	1.59B	1.6B	1.8B	1.97B	2.15B
Accumulated Depreciation	-839M	-928M	-1.01B	-1.12B	-1.27B
Net Property Plant And Equipment	748M	671M	785M	848M	880M
Long-term Investments	210M	258M	545M	604M	621M
Goodwill	3.72B	4.56B	6B	5.84B	5.96B
Other Intangibles, Total	1.5B	1.82B	2.47B	2.21B	2.05B
Deferred Tax Assets Long-Term	229M	334M	384M	266M	258M
Deferred Charges Long-Term	119M	134M	138M	171M	196M
Other Long-Term Assets, Total	60M	123M	351M	317M	321M
Total Assets	10.26B	12.41B	14.68B	14.35B	14.62B
Liabilities
Accounts Payable, Total	38M	39M	47M	52M	23M
Accrued Expenses, Total	498M	622M	738M	551M	710M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	89M	94M	105M	106M	108M
Current Income Taxes Payable	73M	128M	115M	86M	108M
Unearned Revenue Current, Total	1.05B	1.09B	1.25B	1.26B	1.32B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	164M	250M	242M	322M	235M
Total Current Liabilities	1.91B	2.22B	2.5B	2.38B	2.5B
Long-Term Debt	5.58B	6.42B	7.44B	7.63B	7.18B
Long-Term Leases	485M	427M	455M	368M	306M
Unearned Revenue Non Current	112M	98M	86M	75M	65M
Pension & Other Post Retirement Benefits	299M	244M	235M	189M	190M
Deferred Tax Liability Non Current	357M	404M	488M	457M	402M
Other Non Current Liabilities	682M	828M	568M	568M	499M
Total Liabilities	9.43B	10.65B	11.76B	11.66B	11.15B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	642M	735M	885M	1.05B	1.23B
Retained Earnings	9.66B	11.01B	12.76B	13.62B	14.66B
Treasury Stock	-9.25B	-9.75B	-10.51B	-11.51B	-12B
Comprehensive Income and Other	-439M	-432M	-410M	-643M	-567M
Total Common Equity	612M	1.57B	2.73B	2.52B	3.32B
Minority Interest	225M	194M	189M	170M	158M
Total Equity	837M	1.76B	2.92B	2.69B	3.48B
Total Liabilities And Equity	10.26B	12.41B	14.68B	14.35B	14.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	187M	187M	185M	183M	182M
ECS Total Common Shares Outstanding	188M	187M	186M	183M	182M
Book Value / Share	3.26	8.39	14.69	13.75	18.18
Tangible Book Value	-4.61B	-4.81B	-5.74B	-5.53B	-4.69B
Tangible Book Value Per Share	-24.55	-25.71	-30.91	-30.19	-25.69
Total Debt	6.16B	6.94B	8B	8.1B	7.6B
Net Debt	4.22B	4.25B	6.09B	6.24B	5.4B
Debt Equivalent of Unfunded Proj. Benefit Obligation	194M	135M	26M	42M	35M
Debt Equivalent Oper. Leases	896M	880M	888M	920M	864M
Minority Interest, Total (Incl. Fin. Div)	225M	194M	189M	170M	158M
Equity Method Investments, Total	117M	135M	443M	517M	521M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	272M	309M	352M	393M	411M
Full Time Employees	11.08K	11.49K	13.46K	14.43K	15.15K
Accumulated Allowance for Doubtful Accounts (Supple)	43M	34M	32M	40M	35M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.42B	1.78B	2.21B	1.37B	1.61B
Depreciation & Amortization - CF	97M	96M	99M	131M	175M
Amortization of Goodwill and Intangible Assets - (CF)	103M	124M	158M	200M	198M
Depreciation & Amortization, Total	200M	220M	257M	331M	373M
Minority Interest in Earnings - (CF)	-	-	-36M	-	-
(Gain) Loss From Sale Of Asset	14M	9M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-4M
Asset Writedown & Restructuring Costs	38M	36M	-	29M	35M
Stock-Based Compensation (CF)	136M	154M	175M	169M	193M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	22M
Other Operating Activities, Total	-31M	-89M	-205M	-2M	-37M
Change In Accounts Receivable	-134M	31M	-257M	34M	-12M
Change In Accounts Payable	77M	247M	80M	-161M	76M
Change in Unearned Revenues	76M	-29M	65M	20M	24M
Change In Income Taxes	8M	-12M	-184M	-33M	-129M
Change in Other Net Operating Assets	-131M	-199M	-104M	-287M	3M
Cash from Operations	1.68B	2.15B	2B	1.47B	2.15B
Capital Expenditure	-69M	-103M	-139M	-283M	-271M
Cash Acquisitions	-162M	-897M	-2.18B	-97M	-3M
Divestitures	226M	-	-	-	-
Investment in Marketable and Equity Securities, Total	36M	-77M	-290M	-102M	27M
Other Investing Activities, Total	5M	0	-11M	220M	-
Cash from Investing	36M	-1.08B	-2.62B	-262M	-247M
Short Term Debt Issued, Total	1.32B	789M	-	-	-
Long-Term Debt Issued, Total	824M	1.49B	1.67B	988M	-
Total Debt Issued	2.14B	2.28B	1.67B	988M	-
Short Term Debt Repaid, Total	-1.32B	-792M	-	-	-
Long-Term Debt Repaid, Total	-950M	-800M	-500M	-626M	-500M
Total Debt Repaid	-2.27B	-1.59B	-500M	-626M	-500M
Issuance of Common Stock	45M	51M	38M	26M	50M
Repurchase of Common Stock	-1.07B	-607M	-833M	-1.07B	-561M
Common Dividends Paid	-378M	-420M	-463M	-515M	-564M
Common & Preferred Stock Dividends Paid	-378M	-420M	-463M	-515M	-564M
Other Financing Activities, Total	-33M	-63M	-36M	-11M	-9M
Cash from Financing	-1.56B	-351M	-122M	-1.21B	-1.58B
Foreign Exchange Rate Adjustments	-1M	47M	-50M	-46M	41M
Net Change in Cash	147M	765M	-786M	-42M	361M
Supplemental Items
Cash Interest Paid	167M	132M	162M	198M	281M
Cash Income Tax Paid (Refund)	458M	514M	932M	488M	344M
Levered Free Cash Flow	1.45B	1.95B	1.93B	1.09B	1.7B
Unlevered Free Cash Flow	1.56B	2.05B	2.05B	1.22B	1.9B
Change In Net Working Capital	6M	-241M	33M	248M	-210M
Net Debt Issued / Repaid	-129M	688M	1.17B	362M	-500M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.08	13.56	13.19	8.63	9.63
Return on Total Capital	19.42	19.58	18.22	11.54	12.77
Return On Equity %	191.43	136.69	94.64	49.03	52.17
Return on Common Equity	265.55	163.04	103.07	52.38	55.06
Margin Analysis
Gross Profit Margin %	71.28	72.54	73.67	70.5	71.48
SG&A Margin	24.25	22.66	23.56	27.8	27.43
EBITDA Margin %	47.03	49.88	50.11	42.7	44.05
EBITA Margin %	45.02	48.09	48.52	40.31	41.09
EBIT Margin %	42.89	45.78	45.98	36.65	37.74
Income From Continuing Operations Margin %	29.59	33.08	35.61	25.13	27.18
Net Income Margin %	29.45	33.1	35.61	25.13	27.16
Net Avail. For Common Margin %	29.45	33.1	35.61	25.13	27.16
Normalized Net Income Margin	24.43	27.13	28.12	20.62	21.2
Levered Free Cash Flow Margin	29.94	36.25	31.06	19.87	28.77
Unlevered Free Cash Flow Margin