Moody's Corporation (MCO) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9301,8181,1832,2252,2321,6782,106
Cash and cash equivalents1,8321,6851,0722,0521,7571,2201,920
Short-term investments98133112173475458187
Receivables1,4191,2871,147887802792694
Prepaid expense     125 
Prepaid expense and other current assets203
Other current assets330282250141180173 
Other undisclosed current assets    29(81)(34)
Total current assets:3,6793,3872,5813,2533,2432,6862,969
Noncurrent Assets
Operating lease, right-of-use asset456
Property, plant and equipment292320325326306302279
Long-term investments and receivables     4838
Long-term investments     4838
Intangible assets, net (including goodwill)5,2205,3475,3851,3201,2751,367887
Goodwill3,7223,7813,7531,0249761,021665
Intangible assets, net (excluding goodwill)1,4981,5661,632296299346222
Regulated entity, other noncurrent assets 312818   
Deferred income tax assets229
Other noncurrent assets389274160112161146 
Prepaid expense and other noncurrent assets112
Other undisclosed noncurrent assets (305)(187)(130)(161)(194)(150)
Total noncurrent assets:6,5865,6685,7101,6461,5821,6691,165
Other undisclosed assets 472304428299314261
TOTAL ASSETS:10,2659,5268,5945,3275,1234,6694,395
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7736957501,444567558539
Accounts payable38302228221916
Accrued liabilities176169156105125  
Employee-related liabilities15211313089848777
Taxes payable73717917121648
Interest and dividends payable707780138138  
Other undisclosed accounts payable and accrued liabilities2642362831,067187436398
Deferred revenue1,050
Debt89450429300   
Liability for uncertainty in income taxes      4
Self insurance reserve     2228
Deferred revenue and credits884684635625598
Deferred tax liabilities   1718 
Contract with customer, liability953
Other undisclosed current liabilities     (22)(28)
Total current liabilities:1,9122,0992,0632,4281,2191,2001,141
Noncurrent Liabilities
Long-term debt and lease obligation6,0665,2265,1113,0633,4012,5472,102
Long-term debt, excluding current maturities5,5815,2265,1113,0633,4012,5472,102
Operating lease, liability485
Liabilities, other than long-term debt1,4501,5451,5358638371,228994
Deferred revenue and credits140134133236216
Pension and other postretirement defined benefit plans, liabilities245164
Deferred revenue112
Contract with customer, liability122
Deferred tax liabilities, net352342104849659
Deferred income tax liabilities357
Liability for uncertainty in income taxes477495389200203220196
Other liabilities504577664425417431360
Other undisclosed noncurrent liabilities     (349)(270)
Total noncurrent liabilities:7,5166,7716,6463,9264,2383,4262,826
Total liabilities:9,4288,8708,7096,3555,4564,6263,967
Temporary equity, carrying amount6     80
Stockholders' equity
Stockholders' equity attributable to parent, including:612460(328)(1,225)(565)(188)337
Common stock33     
Treasury stock, value(9,250)(8,313)(8,153)(8,030)(7,389)(6,384)(5,320)
Additional paid in capital642601529477451384406
Accumulated other comprehensive loss(439)(426)(172)(365)(340)(235)(55)
Retained earnings9,6568,5947,4656,6896,7096,0445,302
Other undisclosed stockholders' equity attributable to parent  33333
Stockholders' equity attributable to noncontrolling interest21919721319823223111
Total stockholders' equity:831657(115)(1,027)(333)43348
TOTAL LIABILITIES AND EQUITY:10,2659,5268,5945,3275,1234,6694,395

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,8294,4434,2043,6043,4853,3342,973
Cost of revenue(1,387)(1,246)(1,223)(1,027)(976)(930)(822)
Cost of goods and services sold (1,246)(1,223)(1,027)(976)(930)(822)
Gross profit:3,4423,1972,9812,5782,5082,4042,150
Operating expenses (2,575)(2,395)(2,966)(2,011)(1,895)(1,738)
Other undisclosed operating income (loss)(1,444)1,2461,2231,027976930822
Operating income:1,9981,8681,8096391,4731,4391,235
Nonoperating income (expense)(188)(197)(22)(81)(94)22(65)
Investment income, nonoperating171576111076
Foreign currency transaction gain, before tax     20 
Other nonoperating income (expense)2019(5)57213627
Interest and debt expense(176)(197)(190)(142)(121)  
Other undisclosed income from continuing operations before equity method investments, income taxes176197190142121  
Income from continuing operations before equity method investments, income taxes:1,8101,6711,7875581,3801,4611,169
Income from equity method investments     10 
Income from continuing operations before income taxes:1,8101,6711,7875581,3801,4711,169
Income tax expense(381)(352)(779)(282)(430)(455)(353)
Income before gain (loss) on sale of properties:1,4291,3191,0082769501,016816
Other undisclosed net loss     (10) 
Net income:1,4291,3191,0082769501,006816
Net loss attributable to noncontrolling interest(7)(10)(7)(9)(8)(17)(11)
Net income available to common stockholders, diluted:1,4221,3101,001267941989805

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,4291,3191,0082769501,006816
Other comprehensive income (loss)11(273)205(53)(104)(181)28
Comprehensive income:1,4401,0461,213223845825843
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)12(19)18(8)1711
Other undisclosed comprehensive loss, net of tax, attributable to parent     (35)(23)
Comprehensive income, net of tax, attributable to parent:1,4291,0581,193241837808832

Statements sources

The financial statements are based on the company's filings with the 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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