Moody's Corporation (MCO)

Moody's Cash Flow Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	1,683	1,607	1,374	2,214	1,778	1,422
Depreciation & Amortization	385	373	331	257	220	200
Share-Based Compensation	199	193	169	175	154	136
Other Operating Activities	51	-22	-400	-641	-6	-83
Operating Cash Flow	2,318	2,151	1,474	2,005	2,146	1,675
Operating Cash Flow Growth	43.80%	45.93%	-26.48%	-6.57%	28.12%	14.65%
Capital Expenditures	-276	-271	-283	-139	-103	-69
Acquisitions	-9	5	-169	-2,443	-897	64
Change in Investments	5	19	-30	-74	-79	29
Other Investing Activities	-	-	220	37	2	12
Investing Cash Flow	-280	-247	-262	-2,619	-1,077	36
Dividends Paid	-578	-564	-515	-463	-420	-378
Share Issuance / Repurchase	-589	-511	-1,044	-795	-556	-1,023
Debt Issued / Paid	-500	-500	352	1,141	649	-147
Other Financing Activities	-9	-9	-1	-5	-24	-15
Financing Cash Flow	-1,676	-1,584	-1,208	-122	-351	-1,563
Exchange Rate Effect	-5	41	-46	-50	47	-1
Net Cash Flow	357	361	-42	-786	765	147
Free Cash Flow	2,042	1,880	1,191	1,866	2,043	1,606
Free Cash Flow Growth	55.29%	57.85%	-36.17%	-8.66%	27.21%	17.23%
Free Cash Flow Margin	32.77%	31.78%	21.78%	30.01%	38.04%	33.26%
Free Cash Flow Per Share	11.18	10.26	6.48	10.01	10.89	8.48

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).