10-QPeriod: Q3 FY2008

MOODYS CORP /DE/ Quarterly Report for Q3 Ended Sep 30, 2008

Filed November 5, 2008For Securities:MCO

Summary

Moody's Corporation (MCO) filed its quarterly report on Form 10-Q for the period ending September 30, 2008. This report reflects the company's financial performance during a period of significant economic turmoil, particularly impacting the financial services sector. Investors should note that the company operates in a complex environment shaped by global credit market conditions, which directly influence its core businesses. The filing provides an overview of the company's financial health, operational results, and its strategies for navigating these challenging macroeconomic headwinds. The detailed financial statements and management's discussion and analysis offer insights into revenue streams, expenses, and overall profitability. As a large accelerated filer, MCO's reporting adheres to stringent SEC guidelines, providing a degree of transparency crucial for investor confidence. While the specific financial figures for the quarter are not detailed in this extract, the context of the filing during late 2008 suggests a focus on resilience and risk management in the face of widespread financial stress.

Financial Highlights

26 data points
Beta

Revenue

$433.40M

Net Income

$113.00M

26.1% Net Margin

EPS (Diluted)

$0.46

Cash & Equivalents

$438.60M

Free Cash Flow

$135.30M

Financial Statements
Beta
Revenue$433.40M
SG&A Expenses$108.10M
Operating Expenses$243.60M
Operating Income$189.80M
Net Income$113.00M
EPS (Basic)$0.47
EPS (Diluted)$0.46
Shares Outstanding (Basic)241.30M
Shares Outstanding (Diluted)244.60M

Key Highlights

  • 1Moody's Corporation filed its Form 10-Q for the quarterly period ended September 30, 2008.
  • 2The company is classified as a large accelerated filer, indicating significant market capitalization and compliance with robust reporting standards.
  • 3The filing period falls during a time of substantial global financial market stress, which is a critical contextual factor for investors.
  • 4Moody's operates from its headquarters at 7 World Trade Center, New York, N.Y.
  • 5The report includes unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2008 and 2007.
  • 6Key sections within the report include Management's Discussion and Analysis of Financial Condition and Results of Operations, and Quantitative and Qualitative Disclosures about Market Risk.
  • 7The total number of common shares outstanding as of September 30, 2008, was approximately 239.8 million.

Frequently Asked Questions

While this extract does not contain specific financial numbers, the filing of a 10-Q report provides a snapshot of Moody's financial performance and condition for the quarter ended September 30, 2008. Investors would need to review the detailed financial statements and Management's Discussion and Analysis within the full report to assess profitability, liquidity, and solvency during this period.

The period ending September 30, 2008, was characterized by significant turmoil in global credit markets. This environment likely impacts Moody's core businesses, particularly its credit ratings and financial information services, by increasing demand for risk assessment while also potentially affecting the volume of debt issuance and the revenue derived from those activities.

This 10-Q includes unaudited Condensed Consolidated Statements of Operations, Condensed Consolidated Balance Sheets, and Condensed Consolidated Statements of Cash Flows for the respective periods. It also contains Notes to the Condensed Consolidated Financial Statements, providing further detail and context.

Moody's Corporation is classified as a 'large accelerated filer.' This designation means the company meets specific criteria regarding market value of its voting and non-voting common equity held by non-affiliates, filing history, and financial reporting. For investors, this implies a higher level of financial transparency and adherence to rigorous reporting standards compared to smaller filers.