Moody's Corporation (MCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 7 WORLD TRADE CENTER
NEW YORK, NY 10007
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 732 - Consumer Credit Reporting Agencies, Mercantile (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1931,8591,9022,6961,9301,818
Cash and cash equivalents2,1301,7691,8112,5971,8321,685
Short-term investments6390919998133
Receivables1,6591,6521,7201,4301,4191,287
Other current assets489583389383330282
Total current assets:4,3414,0944,0114,5093,6793,387
Noncurrent Assets
Operating lease, right-of-use asset277346438393456✕
Property, plant and equipment603502347278292320
Intangible assets, net (including goodwill)8,0058,0498,4666,3805,2205,347
Goodwill5,9565,8395,9994,5563,7223,781
Intangible assets, net (excluding goodwill)2,0492,2102,4671,8241,4981,566
Regulated entity, other noncurrent assets      31
Deferred income tax assets258266384334229✕
Other noncurrent assets1,1381,0921,034515389274
Other undisclosed noncurrent assets      (305)
Total noncurrent assets:10,28110,25510,6697,9006,5865,668
Other undisclosed assets      472
TOTAL ASSETS:14,62214,34914,68012,40910,2659,526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0761,0111,1421,039773695
Interest and dividends payable✕✕✕91937077
Taxes payable✕✕✕1151287371
Employee-related liabilities✕✕✕211197152113
Accounts payable235247393830
Accrued liabilities403507231210176169
Other undisclosed accounts payable and accrued liabilities650452447372264236
Deferred revenue1,3161,2581,2491,0891,050✕
Debt    89450
Contract with customer, liability✕✕✕✕✕✕953
Other undisclosed current liabilities10810610594  
Total current liabilities:2,5002,3752,4962,2221,9122,099
Noncurrent Liabilities
Long-term debt and lease obligation7,0017,3894554276,0665,226
Long-term debt, excluding current maturities7,0017,389  5,5815,226
Liabilities, other than long-term debt1,6451,8961,4001,5751,4501,545
Deferred revenue65758698112✕
Contract with customer, liability✕✕✕✕✕✕122
Deferred tax liabilities, net✕✕✕✕✕✕352
Deferred income tax liabilities402457488404357✕
Liability for uncertainty in income taxes196322388483477495
Other liabilities676674438590504577
Operating lease, liability306368455427485✕
Other undisclosed noncurrent liabilities   7,4136,422  
Total noncurrent liabilities:8,6469,2859,2688,4247,5166,771
Total liabilities:11,14611,66011,76410,6469,4288,870
Temporary equity, carrying amount     6 
Equity
Equity, attributable to parent, including:3,3182,5192,7271,569612460
Common stock    333
Treasury stock, value(12,005)(11,513)(10,513)(9,748)(9,250)(8,313)
Additional paid in capital1,2281,054885735642601
Accumulated other comprehensive loss(567)(643)(410)(432)(439)(426)
Retained earnings14,65913,61812,76211,0119,6568,594
Other undisclosed equity, attributable to parent333   
Equity, attributable to noncontrolling interest158170189194219197
Total equity:3,4762,6892,9161,763831657
TOTAL LIABILITIES AND EQUITY:14,62214,34914,68012,40910,2659,526

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,9165,4686,2185,3714,8294,443
Cost of revenue(1,687)(1,613)(1,637)(1,475)(1,387)(1,246)
Cost of goods and services sold      (1,246)
Gross profit:4,2293,8554,5813,8963,4423,197
Operating expenses(2,092)(1,972)(1,737)(1,508) (2,575)
Other undisclosed operating income (loss)    (1,444)1,246
Operating income:2,1371,8832,8442,3881,9981,868
Nonoperating expense(202)(123)(89)(159)(188)(197)
Other nonoperating income493882462019
Interest and debt expense(296)70(13)(24)(176)(197)
Other undisclosed income from continuing operations before equity method investments, income taxes    24176197
Income from continuing operations before equity method investments, income taxes:1,6391,8302,7422,2291,8101,671
Income from equity method investments   606  
Other undisclosed income (loss) from continuing operations before income taxes296(70)(47)   
Income from continuing operations before income taxes:1,9351,7602,7552,2351,8101,671
Income tax expense(327)(386)(541)(452)(381)(352)
Income from continuing operations:1,6081,3742,2141,7831,4291,319
Income before gain (loss) on sale of properties:✕✕✕2,2141,7831,4291,319
Other undisclosed net loss    (6)  
Net income:1,6081,3742,2141,7771,4291,319
Net income (loss) attributable to noncontrolling interest(1)  1(7)(10)
Net income available to common stockholders, diluted:1,6071,3742,2141,7781,4221,310

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,6081,3742,2141,7771,4291,319
Other comprehensive income (loss)72(249)20(1)11(273)
Comprehensive income:1,6801,1252,2341,7761,4401,046
Comprehensive income (loss), net of tax, attributable to noncontrolling interest41628(11)12
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:1,6841,1412,2361,7841,4291,058

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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