Moody's (MCO) FY2021 results: revenue $6.2 billion, up 15.8% on the year
Moody's Corp. (MCO) reported revenue of $6.2 billion for fiscal 2021, the year ended 31 December 2021, up 15.8% on the year before. Net income was $2.2 billion, up 24.5%, and diluted earnings per share $11.78. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$6.2 billion
+15.8% on the year
FY2014FY2021
Operating margin
45.7%
44.5% a year earlier
FY2014FY2021
Net income
$2.2 billion
+24.5% on the year
FY2014FY2021
Diluted EPS
$11.78
+25.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,005
2,146
1,675
-6.6%
Capital expenditure
139
103
69.0
+35.0%
Free cash flow
1,866
2,043
1,606
-8.7%
Free cash flow margin
30.0%
38.0%
33.3%
Cash from investing
-2,619
-1,077
36.0
Cash from financing
-122
-351
-1,563
Depreciation and amortisation
257
220
200
+16.8%
Share-based compensation
175
154
136
+13.6%
Buybacks
750
503
991
+49.1%
Dividends paid
463
420
378
+10.2%
Dividend per share
$2.48
$2.24
$2.00
+10.7%
Diluted shares, weighted
188m
189m
192m
-0.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,727
1,569
612
+73.8%
Non-controlling interest
189
194
219
-2.6%
Redeemable equity
n/a
0.0
6.0
Debt
7,413
6,422
5,581
+15.4%
Operating lease liabilities
455
427
485
+6.6%
Other liabilities
3,896
3,797
3,362
+2.6%
Total liabilities and equity
14,680
12,409
10,265
+18.3%
Fixed assets
347
278
292
+24.8%
Goodwill
5,999
4,556
3,722
+31.7%
Intangible assets
2,467
1,824
1,498
+35.3%
Investments
180
165
108
+9.1%
Cash and equivalents
1,811
2,597
1,832
-30.3%
Receivables
1,720
1,430
1,419
+20.3%
Other assets
2,156
1,559
1,394
+38.3%
Total assets
14,680
12,409
10,265
+18.3%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.