Summary
Moody's Corporation (MCO) reported strong financial performance for the fiscal year ended December 31, 2013. The company demonstrated consistent revenue growth, increasing from $2.28 billion in 2011 to $2.97 billion in 2013. Net income also showed a positive trend, rising from $571.4 million in 2011 to $804.5 million in 2013, with diluted EPS growing from $2.49 to $3.60 over the same period. Key financial highlights include robust cash flow generation, with net cash provided by operating activities reaching $926.8 million in 2013. The company also actively managed its capital structure, notably through significant share repurchases totaling $893.1 million in 2013. Moody's maintained effective internal controls over financial reporting, as confirmed by management and its independent auditor, KPMG LLP. The company's business segments, Moody's Investors Service (MIS) and Moody's Analytics (MA), both contributed positively to revenue, with MIS remaining the larger contributor.
Financial Highlights
55 data points| Revenue | $2.97B |
| R&D Expenses | $22.80M |
| SG&A Expenses | $822.10M |
| Operating Expenses | $1.74B |
| Operating Income | $1.23B |
| Net Income | $804.50M |
| EPS (Basic) | $3.67 |
| EPS (Diluted) | $3.60 |
| Shares Outstanding (Basic) | 219.40M |
| Shares Outstanding (Diluted) | 223.50M |
Key Highlights
- 1Revenue increased by approximately 30% from $2.28 billion in 2011 to $2.97 billion in 2013.
- 2Net income attributable to Moody's grew from $571.4 million in 2011 to $804.5 million in 2013.
- 3Diluted Earnings Per Share (EPS) increased from $2.49 in 2011 to $3.60 in 2013.
- 4Net cash provided by operating activities was strong, reaching $926.8 million in 2013.
- 5The company executed substantial share repurchases, spending $893.1 million on treasury stock in 2013.
- 6Moody's reported effective internal controls over financial reporting as of December 31, 2013.
- 7Total assets grew from $3.96 billion in 2012 to $4.40 billion in 2013, driven by increased cash and investments.