Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Moody's.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.09B | $5.92B | $5.47B | $6.22B | $5.37B | $4.83B | $4.44B | $4.20B | $3.60B | $3.48B |
| Cost of Revenue | $1.95B | $1.69B | $1.61B | $1.64B | $1.48B | $1.39B | $1.25B | $1.22B | $1.03B | $976.30M |
| Gross Profit | $5.14B | $4.23B | $3.85B | $4.58B | $3.90B | $3.44B | $3.20B | $2.98B | $2.58B | $2.51B |
| Gross Profit Ratio | 72.56% | 71.50% | 70.50% | 73.70% | 72.54% | 71.28% | 71.97% | 70.91% | 71.52% | 71.98% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $51.10M | $42.00M | $40.10M | $29.10M |
| General and Administrative Expenses | $1.74B | $- | $1.50B | $1.47B | $1.23B | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $24.00M | $9.00M | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.74B | $1.62B | $1.53B | $1.48B | $1.23B | $1.17B | $1.08B | $991.40M | $936.40M | $921.30M |
| Other Expenses | $533.00M | $469.00M | $331.00M | $257.00M | $220.00M | $200.00M | $16.40M | $-1.20M | $-6.00M | $2.00M |
| Operating Expenses | $2.27B | $2.09B | $1.86B | $1.74B | $1.45B | $1.37B | $1.27B | $1.15B | $1.06B | $1.03B |
| Cost and Expenses | $4.21B | $3.78B | $3.47B | $3.37B | $2.92B | $2.75B | $2.52B | $2.37B | $2.09B | $2.00B |
| Interest Income | $102.00M | $63.00M | $15.00M | $30.00M | $11.00M | $17.00M | $14.70M | $16.00M | $10.90M | $9.70M |
| Interest Expense | $339.00M | $207.00M | $246.00M | $201.00M | $216.00M | $225.00M | $230.70M | $204.40M | $148.70M | $124.80M |
| Depreciation and Amortization | $431.00M | $373.00M | $331.00M | $257.00M | $220.00M | $200.00M | $191.90M | $158.30M | $126.70M | $113.50M |
| EBITDA | $3.47B | $2.61B | $2.33B | $3.09B | $2.66B | $2.27B | $2.08B | $2.16B | $1.64B | $1.59B |
| EBITDA Ratio | 48.94% | 44.05% | 43.73% | 51.90% | 50.68% | 48.25% | 48.66% | 48.00% | 46.03% | 46.40% |
| Operating Income | $2.88B | $2.14B | $1.88B | $2.84B | $2.39B | $2.00B | $1.87B | $1.81B | $638.70M | $1.47B |
| Operating Income Ratio | 40.56% | 36.12% | 34.44% | 45.74% | 44.46% | 41.38% | 42.05% | 43.03% | 17.72% | 42.28% |
| Total Other Income Expenses Net | $-176.00M | $-202.00M | $-123.00M | $-89.00M | $-159.00M | $-188.00M | $-196.00M | $-34.20M | $-92.90M | $-93.80M |
| Income Before Tax | $2.70B | $1.94B | $1.76B | $2.75B | $2.23B | $1.81B | $1.67B | $1.79B | $558.00M | $1.38B |
| Income Before Tax Ratio | 38.08% | 32.71% | 32.19% | 44.31% | 41.50% | 37.48% | 37.61% | 42.50% | 15.48% | 39.59% |
| Income Tax Expense | $640.00M | $327.00M | $386.00M | $541.00M | $452.00M | $381.00M | $351.60M | $779.10M | $282.20M | $430.00M |
| Net Income | $2.06B | $1.61B | $1.37B | $2.21B | $1.78B | $1.42B | $1.31B | $1.00B | $266.60M | $941.30M |
| Net Income Ratio | 29.03% | 27.16% | 25.13% | 35.61% | 33.10% | 29.45% | 29.48% | 23.80% | 7.40% | 27.01% |
| EPS | $11.32 | $8.77 | $7.47 | $11.88 | $9.48 | $7.51 | $6.84 | $5.24 | $1.38 | $4.70 |
| EPS Diluted | $11.26 | $8.73 | $7.44 | $11.78 | $9.39 | $7.42 | $6.74 | $5.15 | $1.36 | $4.63 |
| Weighted Average Shares Outstanding | 181.80M | 183.20M | 183.90M | 186.40M | 187.60M | 189.30M | 191.60M | 191.10M | 192.70M | 200.10M |
| Weighted Average Shares Outstanding Diluted | 182.70M | 184.00M | 184.70M | 187.90M | 189.30M | 191.60M | 194.40M | 194.20M | 195.40M | 203.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.41B | $2.13B | $1.77B | $1.81B | $2.60B | $1.83B | $1.69B | $1.07B | $2.05B | $1.76B |
| Short Term Investments | $566.00M | $63.00M | $90.00M | $91.00M | $99.00M | $98.00M | $132.50M | $111.80M | $173.40M | $474.80M |
| Cash and Short Term Investments | $2.97B | $2.19B | $1.86B | $1.90B | $2.70B | $1.93B | $1.82B | $1.18B | $2.22B | $2.23B |
| Net Receivables | $1.80B | $1.66B | $1.65B | $1.72B | $1.43B | $1.42B | $1.29B | $1.15B | $887.40M | $802.00M |
| Inventory | $- | $- | $-3.51B | $212.00M | $216.00M | $150.00M | $202.10M | $213.50M | $112.70M | $179.50M |
| Other Current Assets | $515.00M | $489.00M | $583.00M | $389.00M | $383.00M | $330.00M | $282.30M | $250.10M | $140.80M | $208.90M |
| Total Current Assets | $5.29B | $4.34B | $4.09B | $4.01B | $4.51B | $3.68B | $3.39B | $2.59B | $3.25B | $3.24B |
| Property Plant Equipment Net | $872.00M | $880.00M | $848.00M | $785.00M | $671.00M | $748.00M | $320.40M | $325.10M | $325.90M | $306.40M |
| Goodwill | $5.99B | $5.96B | $5.84B | $6.00B | $4.56B | $3.72B | $3.78B | $3.75B | $1.02B | $976.30M |
| Intangible Assets | $1.89B | $2.05B | $2.21B | $2.47B | $1.82B | $1.50B | $1.57B | $1.63B | $296.40M | $299.10M |
| Goodwill and Intangible Assets | $7.88B | $8.01B | $8.05B | $8.47B | $6.38B | $5.22B | $5.35B | $5.38B | $1.32B | $1.28B |
| Long Term Investments | $- | $640.00M | $517.00M | $443.00M | $135.00M | $117.00M | $104.60M | $99.10M | $26.30M | $28.70M |
| Tax Assets | $293.00M | $258.00M | $266.00M | $384.00M | $334.00M | $229.00M | $197.20M | $143.80M | $316.10M | $137.70M |
| Other Non-Current Assets | $1.17B | $498.00M | $575.00M | $591.00M | $380.00M | $272.00M | $169.70M | $60.80M | $85.90M | $132.10M |
| Total Non-Current Assets | $10.21B | $10.28B | $10.26B | $10.67B | $7.90B | $6.59B | $6.14B | $6.01B | $2.07B | $1.88B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $15.51B | $14.62B | $14.35B | $14.68B | $12.41B | $10.27B | $9.53B | $8.61B | $5.33B | $5.12B |
| Account Payables | $53.00M | $23.00M | $52.00M | $47.00M | $39.00M | $38.00M | $30.00M | $21.80M | $28.40M | $22.20M |
| Short Term Debt | $799.00M | $216.00M | $212.00M | $210.00M | $188.00M | $178.00M | $449.90M | $-377.90M | $-288.20M | $- |
| Tax Payables | $144.00M | $108.00M | $86.00M | $115.00M | $128.00M | $73.00M | $71.40M | $79.20M | $16.80M | $11.50M |
| Deferred Revenue | $1.45B | $-216.00M | $1.26B | $1.35B | $1.13B | $1.08B | $973.80M | $905.80M | $712.30M | $659.80M |
| Other Current Liabilities | $1.15B | $2.15B | $767.00M | $775.00M | $736.00M | $545.00M | $1.55B | $649.30M | $1.40B | $549.60M |
| Total Current Liabilities | $3.60B | $2.50B | $2.38B | $2.50B | $2.22B | $1.91B | $2.10B | $2.07B | $2.43B | $1.22B |
| Long Term Debt | $6.95B | $7.49B | $7.76B | $7.87B | $6.85B | $6.07B | $5.23B | $5.11B | $3.06B | $3.38B |
| Deferred Revenue Non-Current | $- | $65.00M | $75.00M | $86.00M | $98.00M | $112.00M | $122.30M | $140.00M | $134.10M | $132.50M |
| Deferred Tax Liabilities Non-Current | $449.00M | $402.00M | $457.00M | $488.00M | $404.00M | $357.00M | $351.70M | $341.60M | $104.30M | $83.80M |
| Other Non-Current Liabilities | $785.00M | $689.00M | $996.00M | $826.00M | $1.07B | $981.00M | $1.55B | $1.05B | $625.00M | $620.60M |
| Total Non-Current Liabilities | $8.18B | $8.65B | $9.29B | $9.27B | $8.42B | $7.52B | $6.77B | $6.65B | $3.93B | $4.24B |
| Other Liabilities | $- | $- | $2.69B | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $11.78B | $11.15B | $14.35B | $11.76B | $10.65B | $9.43B | $8.87B | $8.72B | $6.35B | $5.46B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $196.60M | $212.80M | $197.70M | $232.00M |
| Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M | $3.40M | $3.40M | $3.40M | $3.40M |
| Retained Earnings | $16.07B | $14.66B | $13.62B | $12.76B | $11.01B | $9.66B | $8.59B | $7.47B | $6.69B | $6.71B |
| Accumulated Other Comprehensive Income Loss | $-638.00M | $-567.00M | $-643.00M | $-410.00M | $-432.00M | $-439.00M | $-426.30M | $-172.20M | $-364.90M | $-339.50M |
| Other Total Stockholders Equity | $-11.87B | $-10.78B | $-10.46B | $-9.63B | $-9.01B | $-8.61B | $-8.11B | $-7.62B | $-7.55B | $-6.94B |
| Total Stockholders Equity | $3.56B | $3.32B | $2.52B | $2.92B | $1.76B | $831.00M | $656.50M | $-114.90M | $-1.03B | $-333.00M |
| Total Equity | $3.73B | $3.48B | $2.69B | $3.10B | $1.96B | $1.06B | $853.10M | $97.90M | $-829.60M | $-101.00M |
| Total Liabilities and Stockholders Equity | $15.51B | $14.62B | $14.35B | $14.68B | $12.41B | $10.27B | $9.53B | $8.61B | $5.33B | $5.12B |
| Minority Interest | $162.00M | $158.00M | $170.00M | $189.00M | $194.00M | $225.00M | $196.60M | $212.80M | $197.70M | $232.00M |
| Total Liabilities and Total Equity | $15.51B | $14.62B | $14.35B | $14.68B | $12.41B | $10.27B | $9.53B | $8.61B | $5.33B | $5.12B |
| Total Investments | $566.00M | $703.00M | $607.00M | $534.00M | $234.00M | $215.00M | $237.10M | $210.90M | $199.70M | $503.50M |
| Total Debt | $7.75B | $7.42B | $474.00M | $560.00M | $521.00M | $574.00M | $5.68B | $5.54B | $3.36B | $3.40B |
| Net Debt | $5.34B | $5.29B | $-1.29B | $-1.25B | $-2.08B | $-1.26B | $3.99B | $4.47B | $1.31B | $1.64B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.06B | $1.61B | $1.37B | $2.21B | $1.78B | $1.43B | $1.32B | $1.01B | $275.80M | $949.60M |
| Depreciation and Amortization | $431.00M | $373.00M | $331.00M | $257.00M | $220.00M | $200.00M | $191.90M | $158.30M | $126.70M | $113.50M |
| Deferred Income Tax | $-62.00M | $-38.00M | $48.00M | $-218.00M | $-44.00M | $-38.00M | $-98.90M | $88.30M | $-154.70M | $11.70M |
| Stock Based Compensation | $220.00M | $193.00M | $169.00M | $175.00M | $154.00M | $136.00M | $130.30M | $122.90M | $98.10M | $87.20M |
| Change in Working Capital | $- | $-38.00M | $-427.00M | $-400.00M | $38.00M | $-104.00M | $-81.60M | $-458.90M | $949.90M | $36.10M |
| Accounts Receivables | $- | $- | $34.00M | $-257.00M | $31.00M | $-134.00M | $-136.10M | $-148.10M | $-104.80M | $-25.40M |
| Inventory | $- | $- | $- | $-80.00M | $-247.00M | $-77.00M | $- | $267.70M | $71.10M | $-21.50M |
| Accounts Payables | $- | $76.00M | $-161.00M | $80.00M | $247.00M | $77.00M | $-134.00M | $-651.40M | $908.70M | $51.40M |
| Other Working Capital | $- | $-114.00M | $-300.00M | $-143.00M | $7.00M | $30.00M | $54.50M | $72.90M | $74.90M | $31.60M |
| Other Non Cash Items | $190.00M | $54.00M | $-21.00M | $-23.00M | $1.00M | $52.00M | $794.00M | $-170.80M | $-69.70M | $-44.10M |
| Net Cash Provided by Operating Activities | $2.84B | $2.15B | $1.47B | $2.00B | $2.15B | $1.68B | $1.46B | $747.50M | $1.23B | $1.15B |
| Investments in Property Plant and Equipment | $- | $-271.00M | $-283.00M | $-139.00M | $-103.00M | $-69.00M | $-90.40M | $-90.60M | $-115.20M | $-89.00M |
| Acquisitions Net | $-221.00M | $-3.00M | $-97.00M | $-2.18B | $-897.00M | $64.00M | $-283.60M | $-3.51B | $-79.30M | $-7.60M |
| Purchases of Investments | $-651.00M | $-148.00M | $-320.00M | $-485.00M | $-183.00M | $-145.00M | $-193.00M | $-170.10M | $-406.80M | $-688.20M |
| Sales Maturities of Investments | $137.00M | $175.00M | $438.00M | $184.00M | $106.00M | $186.00M | $160.60M | $351.70M | $703.30M | $692.80M |
| Other Investing Activities | $-321.00M | $- | $220.00M | $-11.00M | $-77.00M | $5.00M | $-316.00M | $113.20M | $-23.10M | $-400.00K |
| Net Cash Used for Investing Activities | $-1.06B | $-247.00M | $-262.00M | $-2.62B | $-1.08B | $36.00M | $-406.40M | $-3.42B | $102.00M | $-92.40M |
| Debt Repayment | $496.00M | $-500.00M | $362.00M | $1.17B | $688.00M | $-126.00M | $159.00M | $2.12B | $- | $852.80M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.38B | $-561.00M | $-1.07B | $-750.00M | $-503.00M | $-991.00M | $-203.00M | $-200.00M | $-738.80M | $-1.10B |
| Dividends Paid | $-620.00M | $-564.00M | $-515.00M | $-463.00M | $-420.00M | $-378.00M | $-337.20M | $-290.40M | $-285.10M | $-272.10M |
| Other Financing Activities | $61.00M | $-30.00M | $-72.00M | $-81.00M | $-116.00M | $-68.00M | $-30.50M | $-31.60M | $14.10M | $56.40M |
| Net Cash Used Provided by Financing Activities | $-1.45B | $-1.58B | $-1.21B | $-122.00M | $-351.00M | $-1.56B | $-411.50M | $1.61B | $-1.01B | $-461.00M |
| Effect of Forex Changes on Cash | $-58.00M | $41.00M | $-46.00M | $-50.00M | $47.00M | $-1.00M | $-29.70M | $85.30M | $-24.20M | $-62.70M |
| Net Change in Cash | $278.00M | $361.00M | $-42.00M | $-786.00M | $765.00M | $147.00M | $613.50M | $-980.00M | $294.10M | $537.90M |
| Cash at End of Period | $2.41B | $2.13B | $1.77B | $1.81B | $2.60B | $1.83B | $1.69B | $1.07B | $2.05B | $1.76B |
| Cash at Beginning of Period | $2.13B | $1.77B | $1.81B | $2.60B | $1.83B | $1.69B | $1.07B | $2.05B | $1.76B | $1.22B |
| Operating Cash Flow | $2.84B | $2.15B | $1.47B | $2.00B | $2.15B | $1.68B | $1.46B | $747.50M | $1.23B | $1.15B |
| Capital Expenditure | $- | $-271.00M | $-283.00M | $-139.00M | $-103.00M | $-69.00M | $-90.40M | $-90.60M | $-115.20M | $-89.00M |
| Free Cash Flow | $2.84B | $1.88B | $1.19B | $1.87B | $2.04B | $1.61B | $1.37B | $656.90M | $1.11B | $1.06B |