Summary
Moody's Corporation reported its financial results for the quarterly period ended June 30, 2008. The filing indicates that Moody's is a large accelerated filer. While the specific financial performance figures such as revenue, net income, and earnings per share are not detailed in the provided excerpt, the report focuses on the company's operations and financial condition during a period that would have been influenced by the burgeoning global financial crisis. Investors should pay close attention to Management's Discussion and Analysis (MD&A) for detailed insights into the company's performance drivers, any potential impacts from market volatility, and the outlook for its various business segments, particularly its credit rating services.
Financial Highlights
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Financial Statements
Beta
| Revenue | $487.60M |
| SG&A Expenses | $114.00M |
| Operating Expenses | $253.90M |
| Operating Income | $233.70M |
| Net Income | $135.20M |
| EPS (Basic) | $0.55 |
| EPS (Diluted) | $0.54 |
| Shares Outstanding (Basic) | 244.60M |
| Shares Outstanding (Diluted) | 248.10M |
Key Highlights
- 1Moody's Corporation filed its quarterly report (10-Q) for the period ending June 30, 2008, on August 4, 2008.
- 2The company is classified as a large accelerated filer, indicating substantial market capitalization and reporting history.
- 3The report covers unaudited financial statements for the three and six months ended June 30, 2008, compared to the prior year.
- 4Key sections include the Consolidated Statements of Operations, Balance Sheets, and Cash Flows.
- 5Management's Discussion and Analysis (MD&A) provides crucial context on financial condition and results of operations.
- 6The filing includes disclosures on market risk and controls and procedures.
- 7Information on legal proceedings and risk factors is also presented.
Frequently Asked Questions
Moody's Corporation is a global financial services company that operates through two main segments: Moody's Investors Service, which provides credit ratings, research, and analysis on debt-laden entities and securities; and Moody's Analytics, which offers leading-edge software, advisory services, and research for financial professionals.
This 10-Q filing includes unaudited Condensed Consolidated Statements of Operations, Condensed Consolidated Balance Sheets, and Condensed Consolidated Statements of Cash Flows for the relevant periods. These statements are crucial for understanding the company's financial performance and position.
The filing date of August 2008 falls during a period of significant global financial market turmoil, notably the subprime mortgage crisis. This environment could potentially impact Moody's revenue streams, particularly those related to the issuance of new debt and the overall volume of rating activities. Investors should look to the MD&A section for specific commentary on these market conditions.
Investors should carefully review Item 2, 'Management’s Discussion and Analysis of Financial Condition and Results of Operations,' for a comprehensive explanation of the company's financial performance, liquidity, capital resources, and known trends. Item 1A, 'Risk Factors,' will outline specific risks and uncertainties facing the company.