Summary
Moody's Corporation (MCO) reported its first quarter 2009 results on May 4, 2009. The filing indicates a period of significant market turmoil, directly impacting the company's performance. Despite the challenging economic environment, the company's core credit rating business demonstrated resilience, though overall financial results were affected by the broader economic downturn and its implications on issuance volumes and financial markets. Investors should note the company's strategic focus on navigating these conditions while maintaining its market position.
Financial Highlights
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Financial Statements
Beta
| Revenue | $408.90M |
| SG&A Expenses | $110.20M |
| Operating Expenses | $260.00M |
| Operating Income | $148.90M |
| Net Income | $90.20M |
| EPS (Basic) | $0.38 |
| EPS (Diluted) | $0.38 |
| Shares Outstanding (Basic) | 235.40M |
| Shares Outstanding (Diluted) | 236.50M |
Key Highlights
- 1The company is a large accelerated filer, indicating its significant market capitalization and reporting history.
- 2As of March 31, 2009, Moody's Corporation had approximately 235.7 million shares of common stock outstanding.
- 3The report covers the quarterly period ended March 31, 2009, providing insights into the company's performance during the early stages of the 2008-2009 financial crisis.
- 4The filing includes detailed Consolidated Statements of Operations, Balance Sheets, and Cash Flows for the period.
- 5Management's Discussion and Analysis (MD&A) offers a comprehensive review of financial condition, results of operations, liquidity, and capital resources.
- 6The report addresses "2009 Outlook," suggesting forward-looking guidance or commentary on anticipated business conditions.
- 7Risk Factors and Legal Proceedings sections highlight potential challenges and uncertainties faced by the company.
Frequently Asked Questions
The filing for the quarter ending March 31, 2009, was made amidst the global financial crisis. While the full financial details are within the report, the economic environment at the time significantly impacted financial markets, which would likely have affected Moody's revenue streams, particularly those tied to debt issuance volumes. Investors would need to examine the 'Results of Operations' section within the MD&A for specific performance metrics and commentary.
The report indicates that Moody's operates through distinct 'Operating Segments.' A detailed breakdown of these segments and their respective performances would be found in the 'Operating Segments' section (pages 26-27) and further discussed in the 'Results of Operations' (pages 27-31) within the Management's Discussion and Analysis.
The filing includes a section on the '2009 Outlook' (page 37) within the Management's Discussion and Analysis. This section would typically provide the company's management's views on anticipated business conditions, market trends, and their potential impact on the company's financial performance for the remainder of the fiscal year.
Moody's addresses potential risks and uncertainties in the 'Risk Factors' section (page 44) and discusses 'Contingencies' (pages 38-40) and 'Regulation' (pages 40-42). These sections are crucial for investors to understand the external and internal factors that could materially affect the company's business, financial condition, or results of operations.