Moody's (MCO) FY2022 results: revenue $5.5 billion, down 12.1% on the year
Moody's Corp. (MCO) reported revenue of $5.5 billion for fiscal 2022, the year ended 31 December 2022, down 12.1% on the year before. Net income was $1.4 billion, down 37.9%, and diluted earnings per share $7.44. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$5.5 billion
-12.1% on the year
FY2015FY2022
Operating margin
34.4%
45.7% a year earlier
FY2015FY2022
Net income
$1.4 billion
-37.9% on the year
FY2015FY2022
Diluted EPS
$7.44
-36.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,474
2,005
2,146
-26.5%
Capital expenditure
283
139
103
+103.6%
Free cash flow
1,191
1,866
2,043
-36.2%
Free cash flow margin
21.8%
30.0%
38.0%
Cash from investing
-262
-2,619
-1,077
Cash from financing
-1,208
-122
-351
Depreciation and amortisation
331
257
220
+28.8%
Share-based compensation
169
175
154
-3.4%
Buybacks
983
750
503
+31.1%
Dividends paid
515
463
420
+11.2%
Dividend per share
$2.80
$2.48
$2.24
+12.9%
Diluted shares, weighted
185m
188m
189m
-1.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,519
2,727
1,569
-7.6%
Non-controlling interest
170
189
194
-10.1%
Redeemable equity
n/a
n/a
0.0
Debt
7,389
7,413
6,422
-0.3%
Operating lease liabilities
368
455
427
-19.1%
Other liabilities
3,903
3,896
3,797
+0.2%
Total liabilities and equity
14,349
14,680
12,409
-2.3%
Fixed assets
502
347
278
+44.7%
Goodwill
5,839
5,999
4,556
-2.7%
Intangible assets
2,210
2,467
1,824
-10.4%
Investments
177
180
165
-1.7%
Cash and equivalents
1,769
1,811
2,597
-2.3%
Receivables
1,652
1,720
1,430
-4.0%
Other assets
2,200
2,156
1,559
+2.0%
Total assets
14,349
14,680
12,409
-2.3%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.