Moody's Earnings 2021-03-31

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

mco-20210331

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Form			10-Q

(Mark one)


☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2021


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-14037

____________________

Moody’s Corporation

(Exact name of registrant as specified in its charter)


Delaware									13-3998945
(State of Incorporation)									(I.R.S. Employer Identification No.)

7 World Trade Center at 250 Greenwich Street, New York, New York 10007

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code:

(212) 553-0300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

MCO

New York Stock Exchange

1.75% Senior Notes Due 2027

MCO 27

New York Stock Exchange

0.950% Senior Notes Due 2030

MCO 30

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months, or for such shorter period that the registrant was required to submit such files. Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer

☑

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:


Shares Outstanding at March 31, 2021
187.2 million

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	MOODY’S CORPORATION INDEX TO FORM 10-Q
		Page(s)
	Glossary of Terms and Abbreviations	3-6
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Statements of Operations (Unaudited) for the Three Months Ended March 31, 2021 and 2020	7
	Consolidated Statements of Comprehensive Income (Unaudited) for the Three Months Ended March 31, 2021 and 2020	8
	Consolidated Balance Sheets (Unaudited) at March 31, 2021 and December 31, 2020	9
	Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2021 and 2020	10
	Consolidated Statements of Shareholders’ Equity (Unaudited) for the Three Months Ended March 31, 2021 and 2020	11-12
	Notes to Condensed Consolidated Financial Statements (Unaudited)	13-37
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations
	The Company	38
	Sustainability	39

	Reportable Segments	39
	Results of Operations	39-53
	Liquidity and Capital Resources	53-58
	Recently Issued Accounting Standards	59
	Contingencies	59
	Regulation	59
	Forward-Looking Statements	60
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	61
Item 4.	Controls and Procedures	61
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	62
Item 1A.	Risk Factors	62
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	62
Item 5.	Other Information	62
Item 6.	Exhibits	63

SIGNATURES

Table of Contents

GLOSSARY OF TERMS AND ABBREVIATIONS

The following terms, abbreviations and acronyms are used to identify frequently used terms in this report:


TERM			DEFINITION

Acquire Media (AM)			Business acquired by the Company in October 2020; an aggregator and distributor of curated real-time news, multimedia, data, and alerts.
Acquisition-Related Intangible Amortization Expense			Amortization of definite-lived intangible assets acquired by the Company from all business combination transactions

Adjusted Diluted EPS			Diluted EPS excluding the impact of certain items as detailed in the section entitled “Non-GAAP Financial Measures”
Adjusted Net Income			Net Income excluding the impact of certain items as detailed in the section entitled “Non-GAAP Financial Measures”
Adjusted Operating Income			Operating income excluding the impact of certain items as detailed in the section entitled “Non-GAAP Financial Measures”
Adjusted Operating Margin			Adjusted Operating Income divided by revenue
Americas			Represents countries within North and South America, excluding the U.S.
AOCL			Accumulated other comprehensive loss; a separate component of shareholders’ equity
ASC			The FASB Accounting Standards Codification; the sole source of authoritative GAAP as of July 1, 2009 except for rules and interpretive releases of the SEC, which are also sources of authoritative GAAP for SEC registrants
Asia-Pacific			Represents Australia and countries in Asia including but not limited to: China, India, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka and Thailand

ASU			The FASB Accounting Standards Update to the ASC. It also provides background information for accounting guidance and the bases for conclusions on the changes in the ASC. ASUs are not considered authoritative until codified into the ASC
Board			The board of directors of the Company
BPS			Basis points
Bureau van Dijk			Bureau van Dijk Electronic Publishing, B.V., a global provider of business intelligence and company information; acquired by the Company on August 10, 2017 via the acquisition of Yellow Maple I B.V., an indirect parent of Bureau van Dijk
Catylist			A provider of commercial real estate (CRE) solutions for brokers; acquired by the Company on December 30, 2020
CFG			Corporate finance group; an LOB of MIS
CLO			Collateralized loan obligation
CMBS			Commercial mortgage-backed securities; an asset class within SFG
COLI			Corporate-Owned Life Insurance
Common Stock			The Company’s common stock
Company			Moody’s Corporation and its subsidiaries; MCO; Moody’s

Cortera			A provider of North American credit data and workflow solutions; the Company acquired Cortera in March 2021.
COVID-19			An outbreak of a novel strain of coronavirus resulting in an international public health crisis and a global pandemic
CP			Commercial Paper
CP Program			A program entered into on August 3, 2016 allowing the Company to privately place CP up to a maximum of $1 billion for which the maturity may not exceed 397 days from the date of issue and which is backstopped by the 2018 Facility
CRAs			Credit rating agencies
DBPPs			Defined benefit pension plans
Dodd-Frank Act			Dodd-Frank Wall Street Reform and Consumer Protection Act
EMEA			Represents countries within Europe, the Middle East and Africa
EPS			Earnings per share

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TERM			DEFINITION
ERS			The Enterprise Risk Solutions LOB within MA, which offers risk management software solutions as well as related risk management advisory engagements services
ESG			Environmental, Social, and Governance
ESMA			European Securities and Markets Authority
ETR			Effective tax rate
EU			European Union
EUR			Euros
EURIBOR			The Euro Interbank Offered Rate
Excess Tax Benefits			The difference between the tax benefit realized at exercise of an option or delivery of a restricted share and the tax benefit recorded at the time the option or restricted share is expensed under GAAP
Exchange Act			The Securities Exchange Act of 1934, as amended
External Revenue			Revenue excluding any intersegment amounts
FASB			Financial Accounting Standards Board
FIG			Financial institutions group; an LOB of MIS

Free Cash Flow			Net cash provided by operating activities less cash paid for capital additions

FX			Foreign exchange
GAAP			U.S. Generally Accepted Accounting Principles
GBP			British pounds
ICRA			ICRA Limited; a provider of credit ratings and research in India. ICRA is a public company with its shares listed on the Bombay Stock Exchange and the National Stock Exchange of India. The Company previously held 28.5% equity ownership and in June 2014, increased that ownership stake to over 50% through the acquisition of additional shares



KIS			Korea Investors Service, Inc; a Korean rating agency and consolidated subsidiary of the Company
KIS Pricing			Korea Investors Service Pricing, Inc; a Korean provider of fixed income securities pricing and consolidated subsidiary of the Company
KIS Research			Korea Investors Service Research; a Korean provider of financial research and consolidated subsidiary of the Company
Korea			Republic of South Korea
LIBOR			London Interbank Offered Rate
LOB			Line of business
MA			Moody’s Analytics - a reportable segment of MCO which provides a wide range of products and services that support financial analysis and risk management activities of institutional participants in global financial markets; consists of two LOBs - RD&A and ERS

MAKS			Moody’s Analytics Knowledge Services; formerly known as Copal Amba; provided offshore research and analytic services to the global financial and corporate sectors; business was divested in the fourth quarter of 2019 and was formerly part of the PS LOB and a reporting unit within the MA reportable segment

MCO			Moody’s Corporation and its subsidiaries; the Company; Moody’s
MD&A			Management’s Discussion and Analysis of Financial Condition and Results of Operations
MIS			Moody’s Investors Service - a reportable segment of MCO; consists of five LOBs - SFG, CFG, FIG, PPIF and MIS Other
MIS Other			Consists of non-ratings revenue from ICRA, KIS Pricing, KIS Research and revenue from providing ESG research, data and assessments. These businesses are components of MIS; MIS Other is an LOB of MIS
Moody’s			Moody’s Corporation and its subsidiaries; MCO; the Company
MSS			Moody's Shared Services; primarily consists of information technology and support staff such as finance, human resources and legal that support both MIS and MA.

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TERM			DEFINITION
Net Income			Net income attributable to Moody’s Corporation, which excludes net income from consolidated noncontrolling interests belonging to the minority interest holder
New Credit Losses Accounting Standard			Updates to the ASC pursuant to ASU No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This new accounting guidance requires the use of an “expected credit loss” impairment model for most financial assets reported at amortized cost, which will require entities to estimate expected credit losses over the lifetime of the instrument.


NM			Percentage change is not meaningful
Non-GAAP			A financial measure not in accordance with GAAP; these measures, when read in conjunction with the Company’s reported results, can provide useful supplemental information for investors analyzing period-to-period comparisons of the Company’s performance, facilitate comparisons to competitors’ operating results and to provide greater transparency to investors of supplemental information used by management in its financial and operational decision making
NRSRO			Nationally Recognized Statistical Rating Organization, which is a credit rating agency registered with the SEC.
OCI			Other comprehensive income (loss); includes gains and losses on cash flow and net investment hedges, certain gains and losses relating to pension and other retirement benefit obligations and foreign currency translation adjustments

Operating segment			Term defined in the ASC relating to segment reporting; the ASC defines an operating segment as a component of a business entity that has each of the three following characteristics: i) the component engages in business activities from which it may recognize revenue and incur expenses; ii) the operating results of the component are regularly reviewed by the entity’s chief operating decision maker; and iii) discrete financial information about the component is available
Other Retirement Plan			The U.S. retirement healthcare and U.S. retirement life insurance plans

PPIF			Public, project and infrastructure finance; an LOB of MIS
Profit Participation Plan			Defined contribution profit participation plan that covers substantially all U.S. employees of the Company


RD&A			An LOB within MA that offers subscription-based research, data and analytical products, including: credit ratings produced by MIS; credit research; quantitative credit scores and other analytical tools; economic research and forecasts; business intelligence and company information products; commercial real estate data and analytical tools; learning solutions

Reform Act			Credit Rating Agency Reform Act of 2006
Regulatory DataCorp Inc. (RDC)			A global leader in risk and compliance intelligence; the Company acquired RDC in February 2020


Relationship Revenue			For MIS, represents recurring monitoring fees of a rated debt obligation and/or entities that issue such obligations, as well as revenue from programs such as commercial paper, medium-term notes and shelf registrations. For MIS Other, represents subscription-based revenue. For MA, represents subscription-based revenue and software maintenance revenue
Reporting unit			The level at which Moody’s evaluates its goodwill for impairment under U.S. GAAP; defined as an operating segment or one level below an operating segment
Retirement Plans			Moody’s funded and unfunded pension plans, the healthcare plans and life insurance plans
Revenue Accounting Standard			Updates to the ASC pursuant to ASU No. 2014-09, “Revenue from Contracts with Customers (ASC Topic 606)”. This accounting guidance significantly changes the accounting framework under U.S. GAAP relating to revenue recognition and to the accounting for the deferral of incremental costs of obtaining or fulfilling a contract with a customer

RMBS			Residential mortgage-backed securities; an asset class within SFG

SEC			U.S. Securities and Exchange Commission
Securities Act			Securities Act of 1933, as amended
SFG			Structured finance group; an LOB of MIS
SG&A			Selling, general and administrative expenses

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TERM			DEFINITION
Tax Act			The “Tax Cuts and Jobs Act” enacted into U.S. law on December 22, 2017 which significantly amends the tax code in the U.S.

Transaction Revenue			For MIS, represents the initial rating of a new debt issuance as well as other one-time fees. For MIS Other, represents revenue from professional services as well as data services, research and analytical engagements. For MA, represents perpetual software license fees and revenue from software implementation services, risk management advisory projects, training and certification services, and research and analytical engagements
U.K.			United Kingdom
U.S.			United States
USD			U.S. dollar
UTPs			Uncertain tax positions

ZM Financial Systems (ZMFS)			A provider of risk and financial management software for the U.S. banking sector; acquired by the Company in December 2020.

2020 MA Strategic Reorganization Restructuring Program			Restructuring program approved by the chief executive officer of Moody’s on December 22, 2020, relating to a strategic reorganization in the MA reportable segment.

2012 Senior Notes due 2022			Principal amount of $500 million, 4.50% senior unsecured notes due in September 2022
2013 Senior Notes due 2024			Principal amount of the $500 million, 4.875% senior unsecured notes due in February 2024
2014 Senior Notes due 2044			Principal amount of $600 million, 5.25% senior unsecured notes due in July 2044
2015 Senior Notes due 2027			Principal amount of €500 million, 1.75% senior unsecured notes due in March 2027
2017 Senior Notes due 2023			Principal amount of $500 million, 2.625% senior unsecured notes due January 15, 2023
2017 Senior Notes due 2028			Principal amount of $500 million, 3.250% senior unsecured notes due January 15, 2028

2018 Facility			Five-year unsecured revolving credit facility, with capacity to borrow up to $1 billion; backstops CP issued under the CP Program

2018 Senior Notes due 2029			Principal amount of $400 million, 4.25% senior unsecured notes due February 1, 2029
2018 Senior Notes due 2048			Principal amount of $400 million, 4.875% senior unsecured notes due December 17, 2048
2019 Senior Notes due 2030			Principal amount of €750 million, 0.950% senior unsecured notes due February 25, 2030
2020 Senior Notes due 2025			Principal amount of $700 million, 3.75% senior unsecured notes due March 24, 2025
2020 Senior Notes due 2050			Principal amount of $300 million, 3.25% senior unsecured notes due May 20, 2050
2020 Senior Notes due 2060			Principal amount of $500 million, 2.55% senior unsecured notes due August 18, 2060

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

MOODY’S CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(Amounts in millions, except per share data)


	Three Months Ended March 31,
		2021		2020
Revenue		$	1,600	$	1,290
Expenses
Operating		393		340
Selling, general and administrative		293		301
Depreciation and amortization		59		49
Restructuring		2		(1)

Loss pursuant to the divestiture of MAKS		—		9
Total expenses		747		698
Operating income		853		592
Non-operating (expense) income, net
Interest expense, net		(7)		(40)
Other non-operating income, net		16		12
Total non-operating (expense) income, net		9		(28)
Income before provisions for income taxes		862		564
Provision for income taxes		126		77
Net income		736		487
Less: Net income (loss) attributable to noncontrolling interests		—		(1)
Net income attributable to Moody's		$	736	$	488
Earnings per share attributable to Moody's common shareholders
Basic		$	3.93	$	2.60
Diluted		$	3.90	$	2.57
Weighted average number of shares outstanding
Basic		187.2		187.5
Diluted		188.6		189.6

The accompanying notes are an integral part of the condensed consolidated financial statements.

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MOODY’S CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

(Amounts in millions)


	Three Months Ended March 31, 2021						Three Months Ended March 31, 2020

	Pre-tax amounts		Tax amounts		After-tax amounts		Pre-tax amounts		Tax amounts		After-tax amounts
Net Income					$	736					$	487
Other Comprehensive Income (loss):
Foreign Currency Adjustments:
Foreign currency translation adjustments, net	$	(147)	$	6	(141)		$	(175)	$	5	(170)
Net gains on net investment hedges	175		(42)		133		119		(30)		89
Net investment hedges - reclassification of gains included in net income	(1)		—		(1)		—		—		—

Cash Flow Hedges:
Net losses on cash flow hedges	—		—		—		(48)		12		(36)
Reclassification of losses included in net income	1		—		1		1		—		1
Pension and Other Retirement Benefits:
Amortization of actuarial losses and prior service costs included in net income	3		(1)		2		2		(1)		1
Net actuarial losses and prior service costs	—		—		—		(1)		—		(1)
Total other comprehensive (loss) income	$	31	$	(37)	(6)		$	(102)	$	(14)	(116)
Comprehensive income					730						371
Less: comprehensive income (loss) attributable to noncontrolling interests					2						(2)
Comprehensive Income Attributable to Moody's					$	728					$	373

The accompanying notes are an integral part of the condensed consolidated financial statements.

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MOODY’S CORPORATION

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Amounts in millions, except per share data)


	March 31, 2021		December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	2,769	$	2,597
Short-term investments	96		99
Accounts receivable, net of allowance for credit losses of $31 in 2021 and $34 in 2020	1,497		1,430
Other current assets	333		383

Total current assets	4,695		4,509
Property and equipment, net of accumulated depreciation of $946 in 2021 and $928 in 2020	269		278
Operating lease right-of-use assets	375		393
Goodwill	4,566		4,556
Intangible assets, net	1,810		1,824
Deferred tax assets, net	240		334
Other assets	545		515
Total assets	$	12,500	$	12,409
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	828	$	1,039
Current portion of operating lease liabilities	94		94


Deferred revenue	1,232		1,089

Total current liabilities	2,154		2,222
Non-current portion of deferred revenue	96		98
Long-term debt	6,340		6,422
Deferred tax liabilities, net	404		404
Uncertain tax positions	402		483
Operating lease liabilities	406		427
Other liabilities	473		590
Total liabilities	10,275		10,646
Contingencies (Note 17)
Shareholders' equity:
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	—		—
Series Common Stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	—		—
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 342,902,272 shares issued at March 31, 2021 and December 31, 2020, respectively.	3		3
Capital surplus	739		735
Retained earnings	11,632		11,011
Treasury stock, at cost; 155,737,071 and 155,808,563 shares of common stock at March 31, 2021 and December 31, 2020	(9,904)		(9,748)
Accumulated other comprehensive loss	(440)		(432)
Total Moody's shareholders' equity	2,030		1,569
Noncontrolling interests	195		194
Total shareholders' equity	2,225		1,763
Total liabilities, noncontrolling interests and shareholders' equity	$	12,500	$	12,409

The accompanying notes are an integral part of the condensed consolidated financial statements.

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MOODY’S CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Amounts in millions)


	Three Months Ended March 31,
	2021		2020
Cash flows from operating activities
Net income	$	736	$	487
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization	59		49
Stock-based compensation	45		37
Deferred income taxes	44		57

Loss pursuant to the divestiture of MAKS	—		9


Changes in assets and liabilities:
Accounts receivable	(71)		(7)
Other current assets	67		(38)

Other assets	(30)		2


Accounts payable and accrued liabilities	(206)		(198)
Deferred revenue	146		64
Unrecognized tax benefits and other non-current tax liabilities	(78)		(18)
Other liabilities	(36)		(99)
Net cash provided by operating activities	676		345
Cash flows from investing activities
Capital additions	(14)		(21)
Purchases of investments	(65)		(78)
Sales and maturities of investments	45		23

Cash paid for acquisitions, net of cash acquired	(138)		(696)
Receipts from settlements of net investment hedges	1		—
Payments for settlements of net investment hedges	(23)		—
Net cash used in investing activities	(194)		(772)
Cash flows from financing activities
Issuance of notes	—		700

Issuance of commercial paper	—		789
Repayment of commercial paper	—		(305)
Proceeds from stock-based compensation plans	9		16
Repurchase of shares related to stock-based compensation	(51)		(71)
Treasury shares	(132)		(253)
Dividends	(116)		(105)
Debt issuance costs, extinguishment costs and related fees	—		(6)



Net cash (used in) provided by financing activities	(290)		765

Effect of exchange rate changes on cash and cash equivalents	(20)		(29)
Increase in cash and cash equivalents	172		309
Cash and cash equivalents, beginning of period	2,597		1,832
Cash and cash equivalents, end of period	$	2,769	$	2,141

The accompanying notes are an integral part of the condensed consolidated financial statements.

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MOODY’S CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)

(Amounts in millions, except per share data)


Shareholders of Moody's Corporation
	Common Stock			Capital Surplus		Retained Earnings		Treasury Stock			Accumulated Other Comprehensive Loss		Total Moody's Shareholders' Equity		Non- Controlling Interests		Total Shareholders' Equity
	Shares	Amount						Shares	Amount
Balance at December 31, 2019	342.9	$	3	$	642	$	9,656	(155.2)	$	(9,250)	$	(439)	$	612	$	219	$	831
Net income/ (loss)						488							488		(1)		487
Dividends ($0.56 per share)						(101)							(101)		—		(101)
Adoption of New Credit Losses Accounting Standard						(2)							(2)				(2)
Stock-based compensation				37									37				37
Shares issued for stock-based compensation plans at average cost, net				(63)				0.9	(21)				(84)				(84)

Treasury shares repurchased								(1.1)	(253)				(253)				(253)
Currency translation adjustment, net of net investment hedge activity (net of tax of $25 million)											(80)		(80)		(1)		(81)
Net actuarial gains and prior service cost											(1)		(1)				(1)
Amortization of prior service costs and actuarial losses (net of tax of $1 million)											1		1				1
Net realized and unrealized gain on cash flow hedges (net of tax of $12 million)											(35)		(35)				(35)
Balance at March 31, 2020	342.9	$	3	$	616	$	10,041	(155.4)	$	(9,524)	$	(554)	$	582	$	217	$	799

The accompanying notes are an integral part of the condensed consolidated financial statements.

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MOODY'S CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)

(Amounts in millions, except per share data)

Shareholders of Moody's Corporation

Common Stock

Capital
Surplus

Retained
Earnings

Treasury Stock

Accumulated
Other
Comprehensive
Loss

Price	205.88	EPS	7
Shares	192	P/E	30
MCap	39,488	P/FCF	33
Net Debt	4,060	EBIT	1,745
TEV	43,548	TEV/EBIT	25
TTM 2019-09-30, in MM, except price, ratios

10-Q	2021-03-31	Filed 2021-04-29
10-K	2020-12-31	Filed 2021-02-22
10-Q	2020-09-30	Filed 2020-10-30
10-Q	2020-06-30	Filed 2020-07-31
10-Q	2020-03-31	Filed 2020-05-01
10-K	2019-12-31	Filed 2020-02-24
10-Q	2019-09-30	Filed 2019-11-01
10-Q	2019-06-30	Filed 2019-08-02
10-Q	2019-03-31	Filed 2019-05-02
10-K	2018-12-31	Filed 2019-02-25
10-Q	2018-09-30	Filed 2018-10-31
10-Q	2018-06-30	Filed 2018-08-02
10-Q	2018-03-31	Filed 2018-05-01
10-K	2017-12-31	Filed 2018-02-27
10-Q	2017-09-30	Filed 2017-11-09
10-Q	2017-06-30	Filed 2017-07-27
10-Q	2017-03-31	Filed 2017-05-09
10-K	2016-12-31	Filed 2017-02-24
10-Q	2016-09-30	Filed 2016-10-24
10-Q	2016-06-30	Filed 2016-07-28
10-Q	2016-03-31	Filed 2016-05-04
10-K	2015-12-31	Filed 2016-02-25
10-Q	2015-09-30	Filed 2015-11-04
10-Q	2015-06-30	Filed 2015-07-30
10-Q	2015-03-31	Filed 2015-05-04
10-K	2014-12-31	Filed 2015-02-26
10-Q	2014-09-30	Filed 2014-10-29
10-Q	2014-06-30	Filed 2014-07-31
10-Q	2014-03-31	Filed 2014-05-01
10-K	2013-12-31	Filed 2014-02-27
10-Q	2013-09-30	Filed 2013-10-31
10-Q	2013-06-30	Filed 2013-07-31
10-Q	2013-03-31	Filed 2013-05-03
10-K	2012-12-31	Filed 2013-02-26
10-Q	2012-09-30	Filed 2012-11-06
10-Q	2012-06-30	Filed 2012-07-30
10-Q	2012-03-31	Filed 2012-05-02
10-K	2011-12-31	Filed 2012-02-27
10-Q	2011-09-30	Filed 2011-11-03
10-Q	2011-06-30	Filed 2011-08-03
10-Q	2011-03-31	Filed 2011-05-04
10-K	2010-12-31	Filed 2011-02-28
10-Q	2010-06-30	Filed 2010-08-02
10-Q	2010-03-31	Filed 2010-05-07
10-K	2009-12-31	Filed 2010-03-01

8-K	2020-10-29
8-K	2020-10-20
8-K	2020-08-18
8-K	2020-08-04
8-K	2020-07-30
8-K	2020-05-20
8-K	2020-05-12
8-K	2020-04-30
8-K	2020-04-21
8-K	2020-03-20
8-K	2020-03-11
8-K	2020-02-12
8-K	2019-11-25
8-K	2019-11-14
8-K	2019-10-30
8-K	2019-10-21
8-K	2019-09-24
8-K	2019-07-31
8-K	2019-04-24
8-K	2019-04-16
8-K	2019-02-15
8-K	2019-02-11
8-K	2018-12-17
8-K	2018-12-03
8-K	2018-12-03
8-K	2018-11-14
8-K	2018-11-08
8-K	2018-10-26
8-K	2018-07-31
8-K	2018-07-27
8-K	2018-06-01
8-K	2018-06-01
8-K	2018-05-03
8-K	2018-04-27
8-K	2018-04-24
8-K	2018-04-19
8-K	2018-03-30
8-K	2018-02-12
8-K	2018-02-09
8-K	2018-01-26

EX-31.1	mco-20210331xexx31110xq.htm
EX-31.2	mco-20210331xexx31210xq.htm
EX-32.1	mco-20210331xexx32110xq.htm
EX-32.2	mco-20210331xexx32210xq.htm

MCO 10Q Quarterly Report

Moody's Earnings 2021-03-31