Moody's (MCO) FY2023 results: revenue $5.9 billion, up 8.2% on the year
Moody's Corp. (MCO) reported revenue of $5.9 billion for fiscal 2023, the year ended 31 December 2023, up 8.2% on the year before. Net income was $1.6 billion, up 17.0%, and diluted earnings per share $8.73. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$5.9 billion
+8.2% on the year
FY2016FY2023
Operating margin
36.1%
34.4% a year earlier
FY2016FY2023
Net income
$1.6 billion
+17.0% on the year
FY2016FY2023
Diluted EPS
$8.73
+17.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,151
1,474
2,005
+45.9%
Capital expenditure
271
283
139
-4.2%
Free cash flow
1,880
1,191
1,866
+57.9%
Free cash flow margin
31.8%
21.8%
30.0%
Cash from investing
-247
-262
-2,619
Cash from financing
-1,584
-1,208
-122
Depreciation and amortisation
373
331
257
+12.7%
Share-based compensation
193
169
175
+14.2%
Buybacks
490
983
750
-50.2%
Dividends paid
564
515
463
+9.5%
Dividend per share
$3.08
$2.80
$2.48
+10.0%
Diluted shares, weighted
184m
185m
188m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,318
2,519
2,727
+31.7%
Non-controlling interest
158
170
189
-7.1%
Debt
7,001
7,389
7,413
-5.3%
Operating lease liabilities
306
368
455
-16.8%
Other liabilities
3,839
3,903
3,896
-1.6%
Total liabilities and equity
14,622
14,349
14,680
+1.9%
Fixed assets
603
502
347
+20.1%
Goodwill
5,956
5,839
5,999
+2.0%
Intangible assets
2,049
2,210
2,467
-7.3%
Investments
163
177
180
-7.9%
Cash and equivalents
2,130
1,769
1,811
+20.4%
Receivables
1,659
1,652
1,720
+0.4%
Other assets
2,062
2,200
2,156
-6.3%
Total assets
14,622
14,349
14,680
+1.9%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.