2023 Q1 Form 10-Q Financial Statement

#000105955623000030 Filed on April 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $1.470B $1.290B
YoY Change -3.42% -16.18%
Cost Of Revenue $428.0M $410.0M
YoY Change 2.64% -15.46%
Gross Profit $1.042B $880.0M
YoY Change -5.7% -16.51%
Gross Profit Margin 70.88% 68.22%
Selling, General & Admin $386.0M $403.0M
YoY Change 4.04% -13.33%
% of Gross Profit 37.04% 45.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $88.00M $89.00M
YoY Change 12.82% 15.58%
% of Gross Profit 8.45% 10.11%
Operating Expenses $386.0M $492.0M
YoY Change 4.04% -9.23%
Operating Profit $554.0M $388.0M
YoY Change -15.55% -24.22%
Interest Expense -$48.00M -$56.00M
YoY Change -9.43% 600.0%
% of Operating Profit -8.66% -14.43%
Other Income/Expense, Net -$48.00M $7.000M
YoY Change 2.13% -30.0%
Pretax Income $506.0M $327.0M
YoY Change -16.91% -36.63%
Income Tax $5.000M $81.00M
% Of Pretax Income 0.99% 24.77%
Net Earnings $501.0M $246.0M
YoY Change 0.6% -42.39%
Net Earnings / Revenue 34.08% 19.07%
Basic Earnings Per Share $2.73
Diluted Earnings Per Share $2.72 $1.338M
COMMON SHARES
Basic Shares Outstanding 183.2M shares
Diluted Shares Outstanding 184.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.197B $1.859B
YoY Change 18.56% -2.26%
Cash & Equivalents $2.119B $1.769B
Short-Term Investments $78.00M $90.00M
Other Short-Term Assets $517.0M $583.0M
YoY Change 34.29% 49.87%
Inventory
Prepaid Expenses $131.0M $119.0M
Receivables $1.712B $1.652B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.426B $4.094B
YoY Change 8.96% 2.07%
LONG-TERM ASSETS
Property, Plant & Equipment $525.0M $848.0M
YoY Change 37.8% 144.38%
Goodwill $5.892B $5.839B
YoY Change -2.43% -2.67%
Intangibles $2.177B $2.210B
YoY Change -10.12% -10.42%
Long-Term Investments $190.0M $187.0M
YoY Change 48.44% 54.55%
Other Assets $1.099B $1.358B
YoY Change 3.58% 31.33%
Total Long-Term Assets $10.29B $10.26B
YoY Change -3.6% -3.88%
TOTAL ASSETS
Total Short-Term Assets $4.426B $4.094B
Total Long-Term Assets $10.29B $10.26B
Total Assets $14.72B $14.35B
YoY Change -0.14% -2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $70.00M $1.011B
YoY Change 66.67% 2051.06%
Accrued Expenses $536.0M $106.0M
YoY Change -0.56% -87.49%
Deferred Revenue $1.578B $1.258B
YoY Change 3.48% 0.72%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $499.0M $0.00
YoY Change -0.4%
Total Short-Term Liabilities $2.988B $2.375B
YoY Change 0.0% -4.85%
LONG-TERM LIABILITIES
Long-Term Debt $6.963B $7.389B
YoY Change -4.42% -0.32%
Other Long-Term Liabilities $610.0M $1.439B
YoY Change 23.98% 228.54%
Total Long-Term Liabilities $7.573B $8.828B
YoY Change -2.62% 12.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.988B $2.375B
Total Long-Term Liabilities $7.573B $8.828B
Total Liabilities $11.66B $11.83B
YoY Change -4.08% 0.56%
SHAREHOLDERS EQUITY
Retained Earnings $13.98B $13.62B
YoY Change 6.45% 6.71%
Common Stock $1.068B $1.054B
YoY Change 29.3% 19.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.57B $11.51B
YoY Change 4.27% 9.51%
Treasury Stock Shares 159.7M shares
Shareholders Equity $2.891B $2.519B
YoY Change
Total Liabilities & Shareholders Equity $14.72B $14.35B
YoY Change -0.14% -2.25%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $501.0M $246.0M
YoY Change 0.6% -42.39%
Depreciation, Depletion And Amortization $88.00M $89.00M
YoY Change 12.82% 15.58%
Cash From Operating Activities $608.0M $377.0M
YoY Change 29.36% 26.09%
INVESTING ACTIVITIES
Capital Expenditures $73.00M $79.00M
YoY Change 23.73% -227.42%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $10.00M -$11.00M
YoY Change -109.8% -97.22%
Cash From Investing Activities -$63.00M -$90.00M
YoY Change -60.87% -80.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$216.0M -251.0M
YoY Change -38.64% -2.33%
NET CHANGE
Cash From Operating Activities $608.0M 377.0M
Cash From Investing Activities -$63.00M -90.00M
Cash From Financing Activities -$216.0M -251.0M
Net Change In Cash $350.0M 36.00M
YoY Change -673.77% -108.65%
FREE CASH FLOW
Cash From Operating Activities $608.0M $377.0M
Capital Expenditures $73.00M $79.00M
Free Cash Flow $535.0M $298.0M
YoY Change 30.17% -17.45%

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CY2023Q1 us-gaap Income Tax Examination Description
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Moody’s Corporation and subsidiaries are subject to U.S. federal income tax as well as income tax in various state, local and foreign jurisdictions. The Company’s U.S. federal income tax returns for 2019 through 2020 are currently under examination and 2021 remains open to examination. The Company’s New York City tax returns for 2015 through 2019 are currently under examination. The Company’s U.K. tax returns for 2017 through 2021 remain open to examination.
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CY2023Q1 mco Inflation Reduction Act Impact On Etr
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CY2023Q1 mco Goodwill Additions And Adjustments During Period
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CY2023Q1 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2023Q1 us-gaap Goodwill
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Files In Submission

Name View Source Status
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Financial_Report.xlsx Edgar Link pending
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