10-QPeriod: Q3 FY2014

MOODYS CORP /DE/ Quarterly Report for Q3 Ended Sep 30, 2014

Filed October 29, 2014For Securities:MCO

Summary

Moody's Corporation (MCO) reported its quarterly results for the period ending September 30, 2014. The filing indicates a company in a stable operating environment, as evidenced by its status as a large accelerated filer and the absence of any "shell company" designation. Investors should note the company's core business operations are reflected in its Consolidated Statements of Operations, Balance Sheets, and Cash Flows, which provide a snapshot of its financial health and performance for the nine months and three months ended September 30, 2014, compared to the prior year. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the underlying drivers of financial performance, including critical accounting estimates, segment performance, and the company's liquidity and capital resources. The "2014 Outlook" section offers forward-looking guidance, while "Regulation" and "Risk Factors" highlight the external and internal challenges and opportunities facing Moody's. Investors seeking detailed information on market risk, legal proceedings, and controls should refer to Items 3, 4, and Part II of the filing.

Financial Highlights

53 data points
Beta

Revenue

$816.10M

Net Income

$215.20M

26.4% Net Margin

EPS (Diluted)

$1.00

Total Assets

$4.99B

Cash & Equivalents

$1.94B

Free Cash Flow

$233.80M

Financial Statements
Beta
Revenue$816.10M
SG&A Expenses$206.50M
Operating Expenses$466.40M
Operating Income$349.70M
Net Income$215.20M
EPS (Basic)$1.02
EPS (Diluted)$1.00
Shares Outstanding (Basic)210.40M
Shares Outstanding (Diluted)214.20M

Key Highlights

  • 1The report covers the quarterly period ended September 30, 2014, filed on October 28, 2014, with financial statements for the three and nine months ended on that date.
  • 2Moody's Corporation is a large accelerated filer, indicating significant market capitalization and a history of compliance with SEC filing requirements.
  • 3The filing includes unaudited Consolidated Statements of Operations, Comprehensive Income, Balance Sheets, and Cash Flows for the relevant periods.
  • 4Management's Discussion and Analysis (MD&A) provides insights into financial condition, results of operations, critical accounting estimates, and segment performance.
  • 5The report details Moody's liquidity and capital resources, as well as its outlook for the remainder of 2014.
  • 6Key sections cover regulatory matters, risk factors, and quantitative and qualitative disclosures about market risk.
  • 7As of September 30, 2014, there were approximately 208.6 million shares of common stock outstanding.

Frequently Asked Questions

Investors should review the Consolidated Statements of Operations for the three and nine months ended September 30, 2014, comparing them against the same periods in 2013. This will reveal trends in revenue, expenses, and net income, providing insight into the company's profitability and operational efficiency.

The Consolidated Balance Sheets as of September 30, 2014, and December 31, 2013, provide a snapshot of Moody's assets, liabilities, and equity. Investors should analyze the changes in these accounts to understand the company's financial position and leverage.

The "Management's Discussion and Analysis of Financial Condition and Results of Operations" section is critical. It details the performance of different reportable segments, discusses critical accounting estimates, and explains the underlying business and economic factors impacting the company's financial results.

The "2014 Outlook" section within the MD&A provides management's forward-looking expectations for revenue, earnings, and other key financial metrics for the rest of the fiscal year. This is important for investors to gauge future performance.