10-QPeriod: Q2 FY2011

MOODYS CORP /DE/ Quarterly Report for Q2 Ended Jun 30, 2011

Filed August 3, 2011For Securities:MCO

Summary

Moody's Corporation (MCO) filed its quarterly report on Form 10-Q for the period ending June 30, 2011. The filing provides a look into the company's financial performance and position during the second quarter and the first half of 2011. Investors should note the company's operating segments, particularly the performance of its core businesses which are crucial for revenue generation and profitability. The report also details the company's liquidity, capital resources, and any significant risks or legal proceedings that could impact future operations. For investors, key areas of focus include revenue trends across different segments, profitability metrics, cash flow generation, and the company's outlook for the remainder of 2011. Understanding the impact of regulatory environments and market risks is also paramount, as these factors can significantly influence Moody's business model. This report provides the necessary details to assess the company's financial health and strategic direction.

Financial Highlights

53 data points
Beta

Revenue

$605.20M

Net Income

$189.00M

31.2% Net Margin

EPS (Diluted)

$0.82

Total Assets

$2.74B

Cash & Equivalents

$938.50M

Free Cash Flow

$229.00M

Financial Statements
Beta
Revenue$605.20M
SG&A Expenses$142.90M
Operating Expenses$335.10M
Operating Income$270.10M
Net Income$189.00M
EPS (Basic)$0.83
EPS (Diluted)$0.82
Shares Outstanding (Basic)228.20M
Shares Outstanding (Diluted)231.50M

Key Highlights

  • 1The report covers the quarterly period ended June 30, 2011, and was filed on August 2, 2011.
  • 2Moody's Corporation is a large accelerated filer, indicating a substantial market capitalization and adherence to stringent SEC reporting requirements.
  • 3The filing includes detailed financial statements: Consolidated Statements of Operations, Consolidated Balance Sheets, and Condensed Consolidated Statements of Cash Flows for the relevant periods.
  • 4Management's Discussion and Analysis (MD&A) provides in-depth insights into the company's financial condition, results of operations, liquidity, and capital resources.
  • 5The report also addresses critical accounting estimates, operating segments, and the company's outlook for 2011.
  • 6Key risks, legal proceedings, and regulatory matters impacting the company are disclosed in Part II of the filing.

Frequently Asked Questions

Moody's Corporation's operating segments are typically divided into two main groups: Moody's Investors Service (MIS), which provides credit ratings, research, and analysis, and Moody's Analytics (MA), which offers financial intelligence and analytical tools, including credit risk, financial metrics, and compliance solutions.

The report provides detailed financial statements and MD&A which investors should review. Generally, to assess financial health, investors would look at revenue growth, profitability margins, cash flow generation, debt levels, and comparisons against prior periods and industry peers. Specific figures for these metrics would be found within the financial statements and MD&A sections of the 10-Q.

The report (Item 1A. Risk Factors) likely details risks such as regulatory changes affecting the credit rating industry, competition, macroeconomic conditions impacting debt issuance and financial markets, potential litigation, and operational risks. Investors should carefully read the 'Risk Factors' section for a comprehensive understanding.

The '2011 Outlook' section within the MD&A (Item 2) provides management's projections and expectations for the company's performance, including potential revenue drivers, expense management, and overall business environment forecasts for the rest of the fiscal year.