Moody's Corporation (MCO)

Moody's Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,132	2,058	1,607	1,374	2,214	1,778
Depreciation & Amortization	274	251	252	252	257	220
Other Amortization	180	180	121	79	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-	9
Asset Writedown & Restructuring Costs	39	32	35	29	-	36
Loss (Gain) From Sale of Investments	-7	-7	-4	-	-36	-
Stock-Based Compensation	228	220	193	169	175	154
Provision & Write-off of Bad Debts	11	15	22	25	13	-
Other Operating Activities	-69	-61	-37	-2	-205	-89
Change in Accounts Receivable	-29	-187	-12	9	-270	31
Change in Accounts Payable	-34	225	76	-161	80	247
Change in Unearned Revenue	60	154	24	20	65	-29
Change in Income Taxes	16	18	-129	-33	-184	-12
Change in Other Net Operating Assets	-124	-60	3	-287	-104	-199
Operating Cash Flow	2,677	2,838	2,151	1,474	2,005	2,146
Operating Cash Flow Growth	11.54%	31.94%	45.93%	-26.48%	-6.57%	28.12%
Capital Expenditures	-306	-317	-271	-283	-139	-103
Cash Acquisitions	-432	-221	-3	-97	-2,179	-897
Investment in Securities	-61	-518	27	-102	-290	-77
Other Investing Activities	32	-	-	220	-11	-
Investing Cash Flow	-767	-1,056	-247	-262	-2,619	-1,077
Short-Term Debt Issued	-	-	-	-	-	789
Long-Term Debt Issued	-	496	-	988	1,672	1,491
Total Debt Issued	496	496	-	988	1,672	2,280
Short-Term Debt Repaid	-	-	-	-	-	-792
Long-Term Debt Repaid	-	-	-500	-626	-500	-800
Total Debt Repaid	-700	-	-500	-626	-500	-1,592
Net Debt Issued (Repaid)	-204	496	-500	362	1,172	688
Issuance of Common Stock	60	73	50	26	38	51
Repurchase of Common Stock	-1,662	-1,383	-561	-1,070	-833	-607
Common Dividends Paid	-677	-620	-564	-515	-463	-420
Other Financing Activities	-12	-12	-9	-11	-36	-63
Financing Cash Flow	-2,495	-1,446	-1,584	-1,208	-122	-351
Foreign Exchange Rate Adjustments	124	-58	41	-46	-50	47
Net Cash Flow	-461	278	361	-42	-786	765
Free Cash Flow	2,371	2,521	1,880	1,191	1,866	2,043
Free Cash Flow Growth	13.72%	34.10%	57.85%	-36.17%	-8.66%	27.21%
Free Cash Flow Margin	32.45%	35.57%	31.78%	21.78%	30.01%	38.04%
Free Cash Flow Per Share	13.07	13.80	10.22	6.45	9.93	10.79
Cash Interest Paid	265	280	281	198	162	132
Cash Income Tax Paid	811	613	344	488	932	514
Levered Free Cash Flow	2,095	2,238	1,702	1,078	1,918	1,936
Unlevered Free Cash Flow	2,283	2,433	1,901	1,222	2,033	2,038
Change in Working Capital	-111	150	-38	-452	-413	38

Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q