Balance Sheet Moody's Corporation

Equities

MCO

US6153691059

Professional Information Services

Market Closed - Nyse Other stock markets 04:00:02 2026-01-12 pm EST			5-day change	1st Jan Change
535.12 ^USD	+0.66%		+7.24%	+4.75%

Jan. 12	Moody?s Corporation Appoints Lisa P. Sawicki to Board of Directors, Effective March 16, 2026	CI
Jan. 12	Goldman Sachs Adjusts Price Target on Moody's to $603 From $570, Maintains Buy Rating	MT

76b40b56a257ba5aa5ca760b303582da.vzwjQqWF0FnPL6eTTDBtJkPFbnb2ihsKtWvH6tCJAhM.jV9xBtzvuyOKWYqiJkYrfwGmAgWSxGlj3y-fqJbAYWXTBQ4DldSPEo1YxA

Published financial data: MOODY'S CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	5.37B	6.22B	5.47B	5.92B	7.09B
Total Revenues	5.37B	6.22B	5.47B	5.92B	7.09B
Cost of Goods Sold, Total	1.48B	1.64B	1.61B	1.69B	1.94B
Gross Profit	3.9B	4.58B	3.86B	4.23B	5.14B
Selling General & Admin Expenses, Total	1.22B	1.46B	1.52B	1.62B	1.73B
Depreciation & Amortization - (IS)	220M	257M	331M	373M	431M
Other Operating Expenses, Total	1.44B	1.72B	1.85B	2B	2.16B
Operating Income	2.46B	2.86B	2B	2.23B	2.98B
Interest Expense, Total	-163M	-185M	-216M	-318M	-313M
Interest And Investment Income	11M	54M	15M	63M	102M
Net Interest Expenses	-152M	-131M	-201M	-255M	-211M
Income (Loss) On Equity Invest.	6M	60M	17M	19M	15M
Currency Exchange Gains (Loss)	2M	-1M	10M	-30M	-
Other Non Operating Income (Expenses)	15M	11M	-6M	41M	-4M
EBT, Excl. Unusual Items	2.33B	2.8B	1.82B	2.01B	2.78B
Restructuring Charges	-50M	-	-114M	-87M	-59M
Merger & Related Restructuring Charges	-	-35M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	14M	20M
Gain (Loss) On Sale Of Assets	-9M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-42M	-8M	50M	-	-43M
EBT, Incl. Unusual Items	2.23B	2.76B	1.76B	1.94B	2.7B
Income Tax Expense	452M	541M	386M	327M	640M
Earnings From Continuing Operations	1.78B	2.21B	1.37B	1.61B	2.06B
Net Income to Company	1.78B	2.21B	1.37B	1.61B	2.06B
Minority Interest	1M	-	-	-1M	-1M
Net Income - (IS)	1.78B	2.21B	1.37B	1.61B	2.06B
Net Income to Common Incl Extra Items	1.78B	2.21B	1.37B	1.61B	2.06B
Net Income to Common Excl. Extra Items	1.78B	2.21B	1.37B	1.61B	2.06B
Per Share Items
Net EPS - Basic	9.48	11.88	7.47	8.77	11.32
Basic EPS - Continuing Operations	9.48	11.88	7.47	8.77	11.32
Basic Weighted Average Shares Outstanding	188M	186M	184M	183M	182M
Net EPS - Diluted	9.39	11.78	7.44	8.73	11.26
Diluted EPS - Continuing Operations	9.39	11.78	7.44	8.73	11.26
Diluted Weighted Average Shares Outstanding	189M	188M	185M	184M	183M
Normalized Basic EPS	7.77	9.38	6.2	6.84	9.56
Normalized Diluted EPS	7.7	9.31	6.17	6.82	9.51
Dividend Per Share	2.24	2.48	2.8	3.08	3.4
Payout Ratio	23.62	20.91	37.48	35.1	30.13
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	2.68B	3.12B	2.34B	2.61B	3.23B
EBITA	2.58B	3.02B	2.2B	2.43B	3.18B
EBIT	2.46B	2.86B	2B	2.23B	2.98B
EBITDAR	2.79B	3.23B	2.45B	2.71B	3.34B
Effective Tax Rate - (Ratio)	20.28	19.64	21.93	16.9	23.71
Current Domestic Taxes	281M	510M	123M	143M	386M
Current Foreign Taxes	215M	249M	215M	-20M	-35M
Total Current Taxes	496M	759M	338M	123M	351M
Deferred Domestic Taxes	6M	-217M	67M	-18M	-27M
Deferred Foreign Taxes	-50M	-1M	-19M	222M	316M
Total Deferred Taxes	-44M	-218M	48M	204M	289M
Normalized Net Income	1.46B	1.75B	1.14B	1.25B	1.74B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	163M	185M	216M	296M	300M
Non-Cash Pension Expense	6M	6M	-8M	-13M	-9M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	110M	111M	115M	108M	103M
Imputed Operating Lease Interest Expense	21.9M	21.99M	24.69M	35M	33.25M
Imputed Operating Lease Depreciation	88.1M	89.01M	90.31M	73M	69.75M
Stock-Based Comp., Other (Total)	154M	175M	169M	193M	221M
Total Stock-Based Compensation	154M	175M	169M	193M	221M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.6B	1.81B	1.77B	2.13B	2.41B
Short Term Investments	99M	91M	90M	63M	566M
Total Cash And Short Term Investments	2.7B	1.9B	1.86B	2.19B	2.97B
Accounts Receivable, Total	1.43B	1.72B	1.65B	1.66B	1.8B
Other Receivables	-	-	-	79M	77M
Total Receivables	1.43B	1.72B	1.65B	1.74B	1.88B
Prepaid Expenses	185M	211M	354M	248M	260M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	198M	178M	229M	162M	178M
Total Current Assets	4.51B	4.01B	4.09B	4.34B	5.29B
Gross Property Plant And Equipment	1.6B	1.8B	1.97B	2.15B	2.32B
Accumulated Depreciation	-928M	-1.01B	-1.12B	-1.27B	-1.45B
Net Property Plant And Equipment	671M	785M	848M	880M	872M
Long-term Investments	258M	545M	604M	621M	563M
Goodwill	4.56B	6B	5.84B	5.96B	5.99B
Other Intangibles, Total	1.82B	2.47B	2.21B	2.05B	1.89B
Deferred Tax Assets Long-Term	334M	384M	266M	258M	293M
Deferred Charges Long-Term	134M	138M	171M	196M	214M
Other Long-Term Assets, Total	123M	351M	317M	321M	389M
Total Assets	12.41B	14.68B	14.35B	14.62B	15.5B
Liabilities
Accounts Payable, Total	39M	47M	52M	23M	53M
Accrued Expenses, Total	622M	738M	551M	710M	811M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	700M
Current Portion of Leases	94M	105M	106M	108M	102M
Current Income Taxes Payable	128M	115M	86M	108M	144M
Unearned Revenue Current, Total	1.09B	1.25B	1.26B	1.32B	1.45B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	250M	242M	322M	235M	333M
Total Current Liabilities	2.22B	2.5B	2.38B	2.5B	3.6B
Long-Term Debt	6.42B	7.44B	7.63B	7.18B	6.9B
Long-Term Leases	427M	455M	368M	306M	216M
Unearned Revenue Non Current	98M	86M	75M	65M	57M
Pension & Other Post Retirement Benefits	244M	235M	189M	190M	195M
Deferred Tax Liability Non Current	404M	488M	457M	402M	449M
Other Non Current Liabilities	828M	568M	568M	499M	367M
Total Liabilities	10.65B	11.76B	11.66B	11.15B	11.78B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	735M	885M	1.05B	1.23B	1.45B
Retained Earnings	11.01B	12.76B	13.62B	14.66B	16.07B
Treasury Stock	-9.75B	-10.51B	-11.51B	-12B	-13.32B
Comprehensive Income and Other	-432M	-410M	-643M	-567M	-638M
Total Common Equity	1.57B	2.73B	2.52B	3.32B	3.56B
Minority Interest	194M	189M	170M	158M	162M
Total Equity	1.76B	2.92B	2.69B	3.48B	3.73B
Total Liabilities And Equity	12.41B	14.68B	14.35B	14.62B	15.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	187M	185M	183M	182M	180M
ECS Total Common Shares Outstanding	187M	186M	183M	182M	180M
Book Value / Share	8.39	14.69	13.75	18.18	19.77
Tangible Book Value	-4.81B	-5.74B	-5.53B	-4.69B	-4.32B
Tangible Book Value Per Share	-25.71	-30.91	-30.19	-25.69	-23.95
Total Debt	6.94B	8B	8.1B	7.6B	7.92B
Net Debt	4.25B	6.09B	6.24B	5.4B	4.94B
Debt Equivalent of Unfunded Proj. Benefit Obligation	135M	26M	42M	35M	4M
Debt Equivalent Oper. Leases	880M	888M	920M	864M	824M
Minority Interest, Total (Incl. Fin. Div)	194M	189M	170M	158M	162M
Equity Method Investments, Total	135M	443M	517M	521M	465M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	309M	352M	393M	411M	457M
Full Time Employees	11.49K	13.46K	14.43K	15.15K	15.84K
Accumulated Allowance for Doubtful Accounts (Supple)	34M	32M	40M	35M	32M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.78B	2.21B	1.37B	1.61B	2.06B
Depreciation & Amortization - CF	96M	99M	131M	175M	53M
Amortization of Goodwill and Intangible Assets - (CF)	124M	158M	200M	198M	198M
Depreciation & Amortization, Total	220M	257M	331M	373M	251M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	180M
Minority Interest in Earnings - (CF)	-	-36M	-	-	-
(Gain) Loss From Sale Of Asset	9M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-4M	-7M
Asset Writedown & Restructuring Costs	36M	-	29M	35M	32M
Stock-Based Compensation (CF)	154M	175M	169M	193M	220M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	22M	15M
Other Operating Activities, Total	-89M	-205M	-2M	-37M	-61M
Change In Accounts Receivable	31M	-257M	34M	-12M	-187M
Change In Accounts Payable	247M	80M	-161M	76M	225M
Change in Unearned Revenues	-29M	65M	20M	24M	154M
Change In Income Taxes	-12M	-184M	-33M	-129M	18M
Change in Other Net Operating Assets	-199M	-104M	-287M	3M	-60M
Cash from Operations	2.15B	2B	1.47B	2.15B	2.84B
Capital Expenditure	-103M	-139M	-283M	-271M	-317M
Cash Acquisitions	-897M	-2.18B	-97M	-3M	-221M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-77M	-290M	-102M	27M	-518M
Other Investing Activities, Total	0	-11M	220M	-	-
Cash from Investing	-1.08B	-2.62B	-262M	-247M	-1.06B
Short Term Debt Issued, Total	789M	-	-	-	-
Long-Term Debt Issued, Total	1.49B	1.67B	988M	-	496M
Total Debt Issued	2.28B	1.67B	988M	-	496M
Short Term Debt Repaid, Total	-792M	-	-	-	-
Long-Term Debt Repaid, Total	-800M	-500M	-626M	-500M	-
Total Debt Repaid	-1.59B	-500M	-626M	-500M	-
Issuance of Common Stock	51M	38M	26M	50M	73M
Repurchase of Common Stock	-607M	-833M	-1.07B	-561M	-1.38B
Common Dividends Paid	-420M	-463M	-515M	-564M	-620M
Common & Preferred Stock Dividends Paid	-420M	-463M	-515M	-564M	-620M
Other Financing Activities, Total	-63M	-36M	-11M	-9M	-12M
Cash from Financing	-351M	-122M	-1.21B	-1.58B	-1.45B
Foreign Exchange Rate Adjustments	47M	-50M	-46M	41M	-58M
Net Change in Cash	765M	-786M	-42M	361M	278M
Supplemental Items
Cash Interest Paid	132M	162M	198M	281M	280M
Cash Income Tax Paid (Refund)	514M	932M	488M	344M	613M
Levered Free Cash Flow	1.95B	1.93B	1.09B	1.7B	2.24B
Unlevered Free Cash Flow	2.05B	2.05B	1.22B	1.9B	2.43B
Change In Net Working Capital	-241M	33M	248M	-210M	-235M
Net Debt Issued / Repaid	688M	1.17B	362M	-500M	496M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.56	13.19	8.63	9.63	12.37
Return on Total Capital	19.58	18.22	11.54	12.77	16.4
Return On Equity %	136.69	94.64	49.03	52.17	57.17
Return on Common Equity	163.04	103.07	52.38	55.06	59.8
Margin Analysis
Gross Profit Margin %	72.54	73.67	70.5	71.48	72.56
SG&A Margin	22.66	23.56	27.8	27.43	24.42
EBITDA Margin %	49.88	50.11	42.7	44.05	45.6
EBITA Margin %	48.09	48.52	40.31	41.09	44.85
EBIT Margin %	45.78	45.98	36.65	37.74	42.06
Income From Continuing Operations Margin %	33.08	35.61	25.13	27.18	29.05
Net Income Margin %	33.1	35.61	25.13	27.16	29.03
Net Avail. For Common Margin %	33.1	35.61	25.13	27.16	29.03
Normalized Net Income Margin	27.13	28.12	20.85	21.2	24.51
Levered Free Cash Flow Margin	36.25	31.06	19.87	28.77	31.57
Unlevered Free Cash Flow Margin	38.15	32.92	22.34	32.13	34.33
Asset Turnover
Asset Turnover	0.47	0.46	0.38	0.41	0.47
Fixed Assets Turnover	7.57	8.54	6.7	6.85	8.09
Receivables Turnover (Average Receivables)	3.77	3.95	3.24	3.57	4.1
Short Term Liquidity
Current Ratio	2.03	1.61	1.72	1.74	1.47
Quick Ratio	1.86	1.45	1.48	1.57	1.35
Operating Cash Flow to Current Liabilities	0.97	0.8	0.62	0.86	0.79
Days Sales Outstanding (Average Receivables)	97.07	92.45	112.54	102.14	89.33
Average Days Payable Outstanding	9.55	9.59	11.2	8.11	7.15
Long Term Solvency
Total Debt/Equity	393.87	274.21	301.3	218.58	212.37
Total Debt / Total Capital	79.75	73.28	75.08	68.61	67.99
LT Debt/Equity	388.54	270.61	297.36	215.48	190.85
Long-Term Debt / Total Capital	78.67	72.31	74.1	67.64	61.1
Total Liabilities / Total Assets	85.79	80.14	81.26	76.23	75.96
EBIT / Interest Expense	15.09	15.45	9.28	7.02	9.52
EBITDA / Interest Expense	17.11	17.44	11.34	8.53	10.65
(EBITDA - Capex) / Interest Expense	16.48	16.69	10.03	7.68	9.64
Total Debt / EBITDA	2.49	2.48	3.31	2.8	2.37
Net Debt / EBITDA	1.52	1.89	2.55	1.99	1.48
Total Debt / (EBITDA - Capex)	2.59	2.59	3.74	3.11	2.62
Net Debt / (EBITDA - Capex)	1.58	1.97	2.88	2.21	1.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.22	15.77	-12.06	8.19	19.81
Gross Profit, 1 Yr. Growth %	13.19	17.58	-15.85	9.7	21.61
EBITDA, 1 Yr. Growth %	17.97	17.1	-24.53	11.61	30.06
EBITA, 1 Yr. Growth %	18.81	17.62	-26.41	10.3	30.77
EBIT, 1 Yr. Growth %	18.73	17.12	-29.36	11.43	33.5
Earnings From Cont. Operations, 1 Yr. Growth %	24.35	24.59	-37.94	17.03	28.05
Net Income, 1 Yr. Growth %	25.04	24.52	-37.94	16.96	28.06
Normalized Net Income, 1 Yr. Growth %	24.3	22.2	-34.1	10.36	38.53
Diluted EPS Before Extra, 1 Yr. Growth %	26.55	25.45	-36.84	17.34	28.98
Accounts Receivable, 1 Yr. Growth %	0.78	20.28	-3.95	0.42	8.56
Net Property, Plant and Equip., 1 Yr. Growth %	-10.29	16.99	8.03	3.77	-0.91
Total Assets, 1 Yr. Growth %	20.89	18.3	-2.25	1.9	6.04
Tangible Book Value, 1 Yr. Growth %	4.41	19.29	-3.64	-15.24	-7.85
Common Equity, 1 Yr. Growth %	156.37	73.8	-7.63	31.72	7.44
Cash From Operations, 1 Yr. Growth %	28.12	-6.57	-26.48	45.93	31.94
Capital Expenditures, 1 Yr. Growth %	49.28	34.95	103.6	-4.24	16.97
Levered Free Cash Flow, 1 Yr. Growth %	34.65	-0.23	-43.34	56.64	31.47
Unlevered Free Cash Flow, 1 Yr. Growth %	31.73	0.45	-39.92	55.6	28.02
Dividend Per Share, 1 Yr. Growth %	12	10.71	12.9	10	10.39
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.95	13.47	0.9	-2.46	13.85
Gross Profit, 2 Yr. CAGR %	10.39	15.37	-0.53	-3.92	15.5
EBITDA, 2 Yr. CAGR %	12.73	17.14	-6.33	-8.22	19.69
EBITA, 2 Yr. CAGR %	13.14	17.8	-7.3	-9.91	20.1
EBIT, 2 Yr. CAGR %	13.29	17.49	-9.39	-11.28	21.96
Earnings From Cont. Operations, 2 Yr. CAGR %	16.03	24.47	-12.07	-14.78	22.42
Net Income, 2 Yr. CAGR %	16.5	24.78	-12.09	-14.8	22.39
Normalized Net Income, 2 Yr. CAGR %	16.67	22.13	-10.74	-14.66	22.97
Diluted EPS Before Extra, 2 Yr. CAGR %	18.03	26	-10.99	-13.91	23.02
Accounts Receivable, 2 Yr. CAGR %	5.41	10.1	7.48	-1.79	4.41
Net Property, Plant and Equip., 2 Yr. CAGR %	44.81	2.44	12.42	5.88	1.41
Total Assets, 2 Yr. CAGR %	14.13	19.59	7.53	-0.2	3.95
Tangible Book Value, 2 Yr. CAGR %	-0.79	11.6	7.21	-9.63	-11.63
Common Equity, 2 Yr. CAGR %	84.89	111.09	26.71	10.31	18.96
Cash From Operations, 2 Yr. CAGR %	21.2	9.41	-17.12	3.58	38.76
Capital Expenditures, 2 Yr. CAGR %	6.39	41.93	65.76	39.63	5.84
Levered Free Cash Flow, 2 Yr. CAGR %	30.15	15.57	-25.08	-5.79	44.04
Unlevered Free Cash Flow, 2 Yr. CAGR %	26.92	14.72	-22.57	-3.31	41.14
Dividend Per Share, 2 Yr. CAGR %	12.82	11.36	11.8	11.44	10.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.51	11.86	4.23	3.27	4.46
Gross Profit, 3 Yr. CAGR %	9.25	12.74	3.85	2.77	3.93
EBITDA, 3 Yr. CAGR %	10.42	13.91	0.93	-0.69	1.47
EBITA, 3 Yr. CAGR %	10.92	14.35	0.46	-1.77	2.01
EBIT, 3 Yr. CAGR %	10.31	14.27	-1.09	-2.93	1.66
Earnings From Cont. Operations, 3 Yr. CAGR %	20.8	18.81	-1.3	-3.28	-2.39
Net Income, 3 Yr. CAGR %	21.11	19.12	-1.14	-3.31	-2.41
Normalized Net Income, 3 Yr. CAGR %	10.32	17.77	-0.93	-4.31	0.29
Diluted EPS Before Extra, 3 Yr. CAGR %	22.17	20.46	0.09	-2.4	-1.49
Accounts Receivable, 3 Yr. CAGR %	7.62	10.15	5.2	5.08	1.55
Net Property, Plant and Equip., 3 Yr. CAGR %	27.32	34.87	4.27	9.46	3.57
Total Assets, 3 Yr. CAGR %	13.03	15.51	11.81	5.62	1.84
Tangible Book Value, 3 Yr. CAGR %	-5.56	5.5	6.27	-0.87	-9.04
Common Equity, 3 Yr. CAGR %	68.54	81.12	60.26	28.36	9.34
Cash From Operations, 3 Yr. CAGR %	41.65	11.13	-4.17	0.08	12.28
Capital Expenditures, 3 Yr. CAGR %	4.22	15.17	60.07	38.05	31.63
Levered Free Cash Flow, 3 Yr. CAGR %	76.6	18.88	-9.09	-4.2	5.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	63.17	17.19	-7.74	-2.29	6.17
Dividend Per Share, 3 Yr. CAGR %	13.8	12.11	11.87	11.2	11.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.04	11.52	5.4	5.89	7.98
Gross Profit, 5 Yr. CAGR %	9.21	12.13	5.23	5.75	8.36
EBITDA, 5 Yr. CAGR %	11.03	13.68	3.25	4.33	7.31
EBITA, 5 Yr. CAGR %	11.4	14.27	3.09	3.79	7.9
EBIT, 5 Yr. CAGR %	10.78	13.55	1.81	3.11	7.56
Earnings From Cont. Operations, 5 Yr. CAGR %	13.35	51.68	6.39	4.03	7.58
Net Income, 5 Yr. CAGR %	13.56	52.71	6.54	4.17	7.67
Normalized Net Income, 5 Yr. CAGR %	11.39	15.17	0.98	3.21	8.18
Diluted EPS Before Extra, 5 Yr. CAGR %	15.19	54	7.63	5.31	8.7
Accounts Receivable, 5 Yr. CAGR %	12.26	14.15	7.57	5.21	4.88
Net Property, Plant and Equip., 5 Yr. CAGR %	16.97	19.22	21.14	22.42	3.12
Total Assets, 5 Yr. CAGR %	19.45	22.47	10.8	8.95	8.6
Tangible Book Value, 5 Yr. CAGR %	21.19	17.66	-0.65	-0.84	-1.29
Common Equity, 5 Yr. CAGR %	22.66	17.36	50.37	48.53	42.25
Cash From Operations, 5 Yr. CAGR %	12.36	9.75	14.32	8.04	11.12
Capital Expenditures, 5 Yr. CAGR %	2.96	3.83	25.47	24.39	35.66
Levered Free Cash Flow, 5 Yr. CAGR %	14.85	0.75	25.18	8.17	9.12
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.31	0.99	20.97	8.36	9.36
Dividend Per Share, 5 Yr. CAGR %	10.49	10.88	13	11.84	11.2