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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6961,9301,8181,1832,2252,2321,678
Cash and cash equivalents2,5971,8321,6851,0722,0521,7571,220
Short-term investments9998133112173475458
Receivables1,4301,4191,2871,147887802792
Prepaid expense      125
Other current assets383330282250141180173
Other undisclosed current assets     29(81)
Total current assets:4,5093,6793,3872,5813,2533,2432,686
Noncurrent Assets
Operating lease, right-of-use asset393456
Property, plant and equipment278292320325326306302
Long-term investments and receivables      48
Long-term investments      48
Intangible assets, net (including goodwill)6,3805,2205,3475,3851,3201,2751,367
Goodwill4,5563,7223,7813,7531,0249761,021
Intangible assets, net (excluding goodwill)1,8241,4981,5661,632296299346
Regulated entity, other noncurrent assets  312818  
Deferred income tax assets334229
Other noncurrent assets515389274160112161146
Other undisclosed noncurrent assets  (305)(187)(130)(161)(194)
Total noncurrent assets:7,9006,5865,6685,7101,6461,5821,669
Other undisclosed assets  472304428299314
TOTAL ASSETS:12,40910,2659,5268,5945,3275,1234,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0397736957501,444567558
Accounts payable39383022282219
Accrued liabilities210176169156105125 
Employee-related liabilities197152113130898487
Taxes payable128737179171216
Interest and dividends payable93707780138138 
Other undisclosed accounts payable and accrued liabilities3722642362831,067187436
Deferred revenue1,0891,050
Debt 89450429300  
Self insurance reserve      22
Deferred revenue and credits884684635625
Deferred tax liabilities   1718
Contract with customer, liability953
Other undisclosed current liabilities94     (22)
Total current liabilities:2,2221,9122,0992,0632,4281,2191,200
Noncurrent Liabilities
Long-term debt and lease obligation4276,0665,2265,1113,0633,4012,547
Long-term debt, excluding current maturities 5,5815,2265,1113,0633,4012,547
Operating lease, liability427485
Liabilities, other than long-term debt1,5751,4501,5451,5358638371,228
Deferred revenue and credits140134133236
Pension and other postretirement defined benefit plans, liabilities245
Deferred revenue98112
Contract with customer, liability122
Deferred tax liabilities, net3523421048496
Deferred income tax liabilities404357
Liability for uncertainty in income taxes483477495389200203220
Other liabilities590504577664425417431
Other undisclosed noncurrent liabilities6,422     (349)
Total noncurrent liabilities:8,4247,5166,7716,6463,9264,2383,426
Total liabilities:10,6469,4288,8708,7096,3555,4564,626
Temporary equity, carrying amount 6     
Stockholders' equity
Stockholders' equity attributable to parent, including:1,569612460(328)(1,225)(565)(188)
Common stock333    
Treasury stock, value(9,748)(9,250)(8,313)(8,153)(8,030)(7,389)(6,384)
Additional paid in capital735642601529477451384
Accumulated other comprehensive loss(432)(439)(426)(172)(365)(340)(235)
Retained earnings11,0119,6568,5947,4656,6896,7096,044
Other undisclosed stockholders' equity attributable to parent   3333
Stockholders' equity attributable to noncontrolling interest194219197213198232231
Total stockholders' equity:1,763831657(115)(1,027)(333)43
TOTAL LIABILITIES AND EQUITY:12,40910,2659,5268,5945,3275,1234,669

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,3714,8294,4434,2043,6043,4853,334
Cost of revenue(1,475)(1,387)(1,246)(1,223)(1,027)(976)(930)
Cost of goods and services sold  (1,246)(1,223)(1,027)(976)(930)
Gross profit:3,8963,4423,1972,9812,5782,5082,404
Operating expenses(1,508) (2,575)(2,395)(2,966)(2,011)(1,895)
Other undisclosed operating income (loss) (1,444)1,2461,2231,027976930
Operating income:2,3881,9981,8681,8096391,4731,439
Nonoperating income (expense)(159)(188)(197)(22)(81)(94)22
Investment income, nonoperating 17157611107
Foreign currency transaction gain, before tax      20
Other nonoperating income (expense)462019(5)572136
Interest and debt expense(24)(176)(197)(190)(142)(121) 
Other undisclosed income from continuing operations before equity method investments, income taxes24176197190142121 
Income from continuing operations before equity method investments, income taxes:2,2291,8101,6711,7875581,3801,461
Income from equity method investments6     10
Income from continuing operations before income taxes:2,2351,8101,6711,7875581,3801,471
Income tax expense(452)(381)(352)(779)(282)(430)(455)
Income before gain (loss) on sale of properties:1,7831,4291,3191,0082769501,016
Other undisclosed net loss(6)     (10)
Net income:1,7771,4291,3191,0082769501,006
Net income (loss) attributable to noncontrolling interest1(7)(10)(7)(9)(8)(17)
Net income available to common stockholders, diluted:1,7781,4221,3101,001267941989

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,7771,4291,3191,0082769501,006
Other comprehensive income (loss)(1)11(273)205(53)(104)(181)
Comprehensive income:1,7761,4401,0461,213223845825
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8(11)12(19)18(8)17
Other undisclosed comprehensive loss, net of tax, attributable to parent      (35)
Comprehensive income, net of tax, attributable to parent:1,7841,4291,0581,193241837808

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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