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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8591,9022,6961,9301,8181,183
Cash and cash equivalents1,7691,8112,5971,8321,6851,072
Short-term investments90919998133112
Receivables1,6521,7201,4301,4191,2871,147
Other current assets583389383330282250
Total current assets:4,0944,0114,5093,6793,3872,581
Noncurrent Assets
Operating lease, right-of-use asset346438393456
Property, plant and equipment502347278292320325
Intangible assets, net (including goodwill)8,0498,4666,3805,2205,3475,385
Goodwill5,8395,9994,5563,7223,7813,753
Intangible assets, net (excluding goodwill)2,2102,4671,8241,4981,5661,632
Regulated entity, other noncurrent assets     3128
Deferred income tax assets266384334229
Other noncurrent assets1,0921,034515389274160
Other undisclosed noncurrent assets     (305)(187)
Total noncurrent assets:10,25510,6697,9006,5865,6685,710
Other undisclosed assets     472304
TOTAL ASSETS:14,34914,68012,40910,2659,5268,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0111,1421,039773695750
Interest and dividends payable9193707780
Taxes payable115128737179
Employee-related liabilities211197152113130
Accounts payable524739383022
Accrued liabilities507231210176169156
Other undisclosed accounts payable and accrued liabilities452447372264236283
Deferred revenue1,2581,2491,0891,050
Debt    89450429
Deferred revenue and credits884
Contract with customer, liability953
Other undisclosed current liabilities10610594   
Total current liabilities:2,3752,4962,2221,9122,0992,063
Noncurrent Liabilities
Long-term debt and lease obligation7,3894554276,0665,2265,111
Long-term debt, excluding current maturities7,389  5,5815,2265,111
Liabilities, other than long-term debt1,8961,4001,5751,4501,5451,535
Deferred revenue and credits140
Deferred revenue758698112
Contract with customer, liability122
Deferred tax liabilities, net352342
Deferred income tax liabilities457488404357
Liability for uncertainty in income taxes322388483477495389
Other liabilities674438590504577664
Operating lease, liability368455427485
Other undisclosed noncurrent liabilities  7,4136,422   
Total noncurrent liabilities:9,2859,2688,4247,5166,7716,646
Total liabilities:11,66011,76410,6469,4288,8708,709
Temporary equity, carrying amount    6  
Equity
Equity, attributable to parent, including:2,5192,7271,569612460(328)
Common stock   333 
Treasury stock, value(11,513)(10,513)(9,748)(9,250)(8,313)(8,153)
Additional paid in capital1,054885735642601529
Accumulated other comprehensive loss(643)(410)(432)(439)(426)(172)
Retained earnings13,61812,76211,0119,6568,5947,465
Other undisclosed equity, attributable to parent33   3
Equity, attributable to noncontrolling interest170189194219197213
Total equity:2,6892,9161,763831657(115)
TOTAL LIABILITIES AND EQUITY:14,34914,68012,40910,2659,5268,594

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,4686,2185,3714,8294,4434,204
Cost of revenue(1,613)(1,637)(1,475)(1,387)(1,246)(1,223)
Cost of goods and services sold     (1,246)(1,223)
Gross profit:3,8554,5813,8963,4423,1972,981
Operating expenses(1,972)(1,737)(1,508) (2,575)(2,395)
Other undisclosed operating income (loss)    (1,444)1,2461,223
Operating income:1,8832,8442,3881,9981,8681,809
Nonoperating expense(123)(89)(159)(188)(197)(22)
Investment income, nonoperating    171576
Loss, foreign currency transaction, before tax      
Other nonoperating income (expense)3882462019(5)
Interest and debt expense70(13)(24)(176)(197)(190)
Other undisclosed income from continuing operations before equity method investments, income taxes   24176197190
Income from continuing operations before equity method investments, income taxes:1,8302,7422,2291,8101,6711,787
Income from equity method investments  606   
Other undisclosed loss from continuing operations before income taxes(70)(47)    
Income from continuing operations before income taxes:1,7602,7552,2351,8101,6711,787
Income tax expense(386)(541)(452)(381)(352)(779)
Income from continuing operations:1,3742,2141,7831,4291,3191,008
Income before gain (loss) on sale of properties:2,2141,7831,4291,3191,008
Income from discontinued operations      
Other undisclosed net loss  (6)   
Net income:1,3742,2141,7771,4291,3191,008
Net income (loss) attributable to noncontrolling interest  1(7)(10)(7)
Net income available to common stockholders, diluted:1,3742,2141,7781,4221,3101,001

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,3742,2141,7771,4291,3191,008
Other comprehensive income (loss)(249)20(1)11(273)205
Comprehensive income:1,1252,2341,7761,4401,0461,213
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1628(11)12(19)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:1,1412,2361,7841,4291,0581,193

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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