Moody's Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,384	2,408	2,130	1,769	1,811
Short-Term Investments	64	566	63	90	91
Cash & Short-Term Investments	2,448	2,974	2,193	1,859	1,902
Cash Growth	-17.69%	35.61%	17.97%	-2.26%	-29.45%
Accounts Receivable	2,024	1,801	1,659	1,652	1,720
Other Receivables	95	77	79	74	-
Receivables	2,119	1,878	1,738	1,726	1,720
Prepaid Expenses	323	260	248	354	211
Other Current Assets	296	178	162	155	178
Total Current Assets	5,186	5,290	4,341	4,094	4,011
Property, Plant & Equipment	1,004	872	880	848	785
Long-Term Investments	599	563	621	604	545
Goodwill	6,368	5,994	5,956	5,839	5,999
Other Intangible Assets	1,866	1,890	2,049	2,210	2,467
Long-Term Deferred Tax Assets	305	293	258	266	384
Long-Term Deferred Charges	253	214	196	171	138
Other Long-Term Assets	249	389	321	317	351
Total Assets	15,830	15,505	14,622	14,349	14,680
Accounts Payable	62	53	23	52	47
Accrued Expenses	746	811	710	603	738
Current Portion of Long-Term Debt	-	700	-	-	-
Current Portion of Leases	95	102	108	106	105
Current Income Taxes Payable	146	144	108	86	115
Current Unearned Revenue	1,582	1,454	1,316	1,258	1,249
Other Current Liabilities	350	333	235	270	242
Total Current Liabilities	2,981	3,597	2,500	2,375	2,496
Long-Term Debt	7,078	6,897	7,184	7,628	7,436
Long-Term Leases	262	216	306	368	455
Long-Term Unearned Revenue	56	57	65	75	86
Pension & Post-Retirement Benefits	216	195	190	189	235
Long-Term Deferred Tax Liabilities	315	449	402	457	488
Other Long-Term Liabilities	717	367	499	568	568
Total Liabilities	11,625	11,778	11,146	11,660	11,764
Common Stock	3	3	3	3	3
Additional Paid-In Capital	1,676	1,451	1,228	1,054	885
Retained Earnings	17,853	16,071	14,659	13,618	12,762
Treasury Stock	-14,978	-13,322	-12,005	-11,513	-10,513
Comprehensive Income & Other	-500	-638	-567	-643	-410
Total Common Equity	4,054	3,565	3,318	2,519	2,727
Minority Interest	151	162	158	170	189
Shareholders' Equity	4,205	3,727	3,476	2,689	2,916
Total Liabilities & Equity	15,830	15,505	14,622	14,349	14,680
Total Debt	7,435	7,915	7,598	8,102	7,996
Net Cash (Debt)	-4,987	-4,941	-5,405	-6,243	-6,094
Net Cash Per Share	-27.72	-27.04	-29.38	-33.80	-32.43
Filing Date Shares Outstanding	177.3	180	182.5	183.2	185.2
Total Common Shares Outstanding	177.54	180.31	182.47	183.2	185.64
Working Capital	2,205	1,693	1,841	1,719	1,515
Book Value Per Share	22.83	19.77	18.18	13.75	14.69
Tangible Book Value	-4,180	-4,319	-4,687	-5,530	-5,739
Tangible Book Value Per Share	-23.54	-23.95	-25.69	-30.19	-30.91
Machinery	380	457	411	393	352
Leasehold Improvements	265	235	232	237	234

Source: S&P Global Market Intelligence. Standard template. Financial Sources.