Moody's Corporation (MCO) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9022,6961,9301,8181,1832,2252,232
Cash and cash equivalents1,8112,5971,8321,6851,0722,0521,757
Short-term investments919998133112173475
Receivables1,7201,4301,4191,2871,147887802
Other current assets389383330282250141180
Other undisclosed current assets      29
Total current assets:4,0114,5093,6793,3872,5813,2533,243
Noncurrent Assets
Operating lease, right-of-use asset438393456
Property, plant and equipment347278292320325326306
Intangible assets, net (including goodwill)8,4666,3805,2205,3475,3851,3201,275
Goodwill5,9994,5563,7223,7813,7531,024976
Intangible assets, net (excluding goodwill)2,4671,8241,4981,5661,632296299
Regulated entity, other noncurrent assets   312818 
Deferred income tax assets384334229
Other noncurrent assets1,034515389274160112161
Other undisclosed noncurrent assets   (305)(187)(130)(161)
Total noncurrent assets:10,6697,9006,5865,6685,7101,6461,582
Other undisclosed assets   472304428299
TOTAL ASSETS:14,68012,40910,2659,5268,5945,3275,123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1421,0397736957501,444567
Accounts payable47393830222822
Accrued liabilities231210176169156105125
Employee-related liabilities2111971521131308984
Taxes payable1151287371791712
Interest and dividends payable9193707780138138
Other undisclosed accounts payable and accrued liabilities4473722642362831,067187
Deferred revenue1,2491,0891,050
Debt  89450429300 
Deferred revenue and credits884684635
Deferred tax liabilities   17
Contract with customer, liability953
Other undisclosed current liabilities10594     
Total current liabilities:2,4962,2221,9122,0992,0632,4281,219
Noncurrent Liabilities
Long-term debt and lease obligation4554276,0665,2265,1113,0633,401
Long-term debt, excluding current maturities  5,5815,2265,1113,0633,401
Operating lease, liability455427485
Liabilities, other than long-term debt1,4001,5751,4501,5451,535863837
Deferred revenue and credits140134133
Deferred revenue8698112
Contract with customer, liability122
Deferred tax liabilities, net35234210484
Deferred income tax liabilities488404357
Liability for uncertainty in income taxes388483477495389200203
Other liabilities438590504577664425417
Other undisclosed noncurrent liabilities7,4136,422     
Total noncurrent liabilities:9,2688,4247,5166,7716,6463,9264,238
Total liabilities:11,76410,6469,4288,8708,7096,3555,456
Temporary equity, carrying amount  6    
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7271,569612460(328)(1,225)(565)
Common stock 333   
Treasury stock, value(10,513)(9,748)(9,250)(8,313)(8,153)(8,030)(7,389)
Additional paid in capital885735642601529477451
Accumulated other comprehensive loss(410)(432)(439)(426)(172)(365)(340)
Retained earnings12,76211,0119,6568,5947,4656,6896,709
Other undisclosed stockholders' equity attributable to parent3   333
Stockholders' equity attributable to noncontrolling interest189194219197213198232
Total stockholders' equity:2,9161,763831657(115)(1,027)(333)
TOTAL LIABILITIES AND EQUITY:14,68012,40910,2659,5268,5945,3275,123

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,2185,3714,8294,4434,2043,6043,485
Cost of revenue(1,637)(1,475)(1,387)(1,246)(1,223)(1,027)(976)
Cost of goods and services sold   (1,246)(1,223)(1,027)(976)
Gross profit:4,5813,8963,4423,1972,9812,5782,508
Operating expenses(1,737)(1,508) (2,575)(2,395)(2,966)(2,011)
Other undisclosed operating income (loss)  (1,444)1,2461,2231,027976
Operating income:2,8442,3881,9981,8681,8096391,473
Nonoperating expense(89)(159)(188)(197)(22)(81)(94)
Investment income, nonoperating  1715761110
Other nonoperating income (expense)82462019(5)5721
Interest and debt expense(13)(24)(176)(197)(190)(142)(121)
Other undisclosed income from continuing operations before equity method investments, income taxes 24176197190142121
Income from continuing operations before equity method investments, income taxes:2,7422,2291,8101,6711,7875581,380
Income from equity method investments606     
Other undisclosed loss from continuing operations before income taxes(47)      
Income from continuing operations before income taxes:2,7552,2351,8101,6711,7875581,380
Income tax expense(541)(452)(381)(352)(779)(282)(430)
Income before gain (loss) on sale of properties:2,2141,7831,4291,3191,008276950
Other undisclosed net loss (6)     
Net income:2,2141,7771,4291,3191,008276950
Net income (loss) attributable to noncontrolling interest 1(7)(10)(7)(9)(8)
Net income available to common stockholders, diluted:2,2141,7781,4221,3101,001267941

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,2141,7771,4291,3191,008276950
Other comprehensive income (loss)20(1)11(273)205(53)(104)
Comprehensive income:2,2341,7761,4401,0461,213223845
Comprehensive income (loss), net of tax, attributable to noncontrolling interest28(11)12(19)18(8)
Comprehensive income, net of tax, attributable to parent:2,2361,7841,4291,0581,193241837

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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