Moody’s Corporation MCO Cash Flow

Moody’s corporation (MCO)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities
Net Income
487,000	361,000	382,400	311,600	374,000	253,300	312,000	377,900	376,800	28,800	319,700	313,600	345,900	-425,500	256,600	258,100	186,600	220,400	233,800	264,100	231,300	241,400	218,500	324,400	221,700	209,600	186,800	228,400	191,100	162,000	186,500	175,700	175,500	98,100	132,100	190,700	157,100	138,900	137,200	122,600	114,700	103,300	101,700	111,000	91,100
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization
49,000	50,100	48,600	51,300	50,000	48,400	46,100	48,400	49,100	49,600	43,000	32,900	32,500	32,900	32,700	31,200	29,900	28,700	28,300	27,900	28,600	27,000	23,200	22,300	23,100	23,300	23,400	23,100	23,600	23,800	24,100	22,100	23,500	20,700	19,000	21,800	17,700	17,200	18,100	15,200	15,800	16,600	16,200	15,700	15,600
Stock-based compensation
37,000	32,800	33,300	33,900	36,000	30,000	30,500	34,400	35,100	34,100	31,800	28,700	28,400	25,300	23,900	23,500	25,400	20,700	22,100	21,700	22,700	20,500	19,300	20,300	20,300	17,800	16,000	16,100	17,200	18,200	16,400	14,900	15,000	13,500	12,900	14,300	16,000	15,300	13,600	12,900	14,800	13,000	13,800	16,100	14,500
Deferred income taxes
57,000	-15,800	-19,200	-17,000	14,000	-23,700	-63,200	-7,900	-4,200	-73,400	-32,100	8,500	185,000	-160,200	-6,600	2,400	11,300	-1,600	9,100	3,000	7,600	-13,800	-2,500	18,300	27,900	-14,200	-23,800	-2,300	13,100	6,300	-17,700	-700	48,200	-	-	-	-	-	-	-	-	-	-	-	-
CCXI Gain
-	-	-	-	-	-	-	-	-	300	0	0	59,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss pursuant to the divestiture of MAKS
-9,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit to net income related to the resolution of Legacy Tax Matters.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	12,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from settlement of stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	3,700	37,400	4,200	9,300	6,400	38,800	6,400	5,400	10,900	16,100	3,900	2,600	600	8,600	1,400	100	3,100	2,800	900	2,800	300	3,000	1,800	300	2,500	400
Changes in assets and liabilities:
Accounts receivable
7,000	169,900	-5,500	-38,400	8,000	158,500	-4,700	-47,700	29,900	138,200	-6,700	-45,400	61,900	69,200	-9,600	-300	45,500	86,400	-72,800	-50,900	62,700	86,400	-33,900	3,000	42,800	93,800	-24,400	-27,400	25,000	71,200	16,500	-55,500	96,000	80,400	-86,300	-13,200	2,000	23,300	76,900	-32,300	-13,500	66,200	-35,400	100	-16,000
Other current assets
38,000	79,800	-50,000	52,200	6,000	45,600	-46,800	58,000	-47,800	53,800	-74,800	-37,300	128,300	14,100	-31,900	-5,600	-13,600	33,800	-8,200	6,200	-2,900	-22,300	7,200	51,100	5,000	14,700	-49,600	68,600	-12,000	23,000	-41,300	42,400	-10,000	24,000	-5,900	-8,100	-63,500	72,400	7,100	600	-6,600	-10,200	-2,500	-15,700	-26,900
Other assets
-2,000	43,400	-3,000	14,600	14,000	9,600	-6,900	-200	14,500	-600	-2,500	-12,100	3,200	3,600	3,500	-12,200	-1,500	6,500	3,100	-10,400	13,900	-3,100	8,100	-5,100	1,800	-5,300	5,200	-1,200	2,000	-2,600	-5,700	1,600	1,600	16,200	-10,000	17,700	-16,400	-49,900	23,000	10,700	12,500	16,800	-12,100	-5,300	8,000
Restructuring liability
-12,000	-	-	-	-3,000	-	-	-	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	100	-100	-100	-500	-400	-1,100	-3,200	-5,200	-1,600	800	8,600
Accounts payable and accrued liabilities
-186,000	176,800	-3,900	84,100	-180,000	42,500	-13,300	60,900	-224,100	189,200	50,200	111,200	-988,600	957,000	15,200	29,200	-99,000	87,100	-700	37,800	-72,800	75,500	10,300	105,200	-131,800	135,700	29,800	-308,000	139,600	150,200	67,300	-10,100	-105,700	94,900	7,000	30,100	-108,100	58,800	79,700	-10,200	-44,800	43,300	18,300	22,000	-33,200
Deferred revenue
64,000	-	-	-	104,000	-	-	-	-	-	-	-82,000	125,900	-	-35,500	-55,900	122,600	21,000	-52,400	-64,900	127,900	12,600	-36,400	-51,800	114,000	40,500	-34,000	-37,500	97,100	23,600	-48,300	-38,600	84,200	35,100	-46,800	-20,900	41,400	50,300	-42,800	-32,100	44,200	40,700	-38,300	-26,400	41,900
Unrecognized tax benefits and other non-current tax liabilities
-18,000	25,200	-1,800	6,600	-22,000	16,200	76,400	-15,700	-17,900	44,600	10,000	7,500	900	4,000	2,500	-9,600	5,300	-1,000	2,200	-19,500	7,400	12,100	12,700	11,300	-5,500	-13,900	10,300	45,200	-10,700	12,300	12,400	9,100	-83,000	4,000	-6,500	-5,800	12,200	9,000	14,900	-1,800	8,700	5,800	-30,600	-9,900	13,700
Increase Decrease in Contract With Customer Liability
-	-	-	-	-	-	-	-112,400	167,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-99,000	-24,100	23,400	20,700	22,000	7,100	-49,000	10,200	5,700	237,600	16,900	-2,200	10,700	10,200	17,400	-4,200	1,900	11,500	-11,400	11,100	20,200	-1,300	3,800	-11,000	-4,100	3,300	12,500	35,600	-20,500	13,900	4,800	-9,800	500	-19,900	-6,500	15,000	-10,400	-2,900	-2,000	13,700	9,300	6,700	2,900	-18,200	8,300
Net cash provided by operating activities
345,000	479,500	441,000	387,500	367,000	376,400	307,300	385,800	391,500	405,200	390,400	471,800	-512,400	370,200	342,600	292,800	253,600	304,600	299,100	332,600	261,800	308,800	251,800	280,800	177,200	273,300	284,400	166,500	202,600	327,100	260,500	173,500	62,000	137,000	220,400	245,000	200,900	178,600	170,700	139,900	164,100	187,200	132,100	129,500	195,000
Cash flows from investing activities
Capital additions
21,000	8,100	22,200	18,700	20,000	28,100	25,000	22,900	15,000	21,600	26,600	24,100	18,700	30,400	30,500	28,000	26,300	23,100	25,200	21,700	19,000	17,800	18,000	19,700	19,100	11,300	12,900	9,500	8,600	9,800	13,300	6,600	15,300	14,100	18,000	16,000	19,600	24,400	19,300	19,100	16,200	26,400	29,500	22,400	12,400
Purchases of investments
78,000	27,400	40,700	31,900	38,000	50,500	50,300	41,900	50,300	46,000	48,700	40,800	34,500	100,200	105,200	39,900	134,600	207,800	191,200	121,300	167,900	338,300	28,200	35,500	4,300	10,700	197,700	11,900	5,600	8,400	23,100	11,700	13,000	14,400	12,300	10,900	5,700	2,200	9,700	7,000	7,300	6,900	8,400	2,000	300
Sales and maturities of investments
23,000	35,100	46,400	41,500	51,000	40,100	41,800	38,000	41,100	55,200	22,200	84,800	76,800	260,800	143,800	168,800	126,100	204,500	226,700	105,100	116,800	43,300	45,000	31,900	13,800	33,600	6,800	5,200	11,400	14,100	16,200	9,500	14,700	13,600	8,400	6,900	12,000	1,400	7,300	6,400	9,900	-	-	-	-
Cash received upon disposal of a business, net of cash transferred to purchaser
-	-	-	-	-	300	0	0	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions, net of cash acquired
696,000	41,000	84,300	36,700	0	-	-	-	-	0	3,506,000	0	5,000	1,700	3,200	0	75,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	900
Cash paid into escrow for ICRA share tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,600	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipts from settlements of net investment hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	0	200	2,300	18,900	0	0	20,800	21,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-772,000	185,500	-96,700	-45,800	-7,000	-292,200	-68,500	-26,800	-18,500	-12,600	-3,447,300	21,300	18,600	104,400	4,900	101,100	-108,400	-10,500	10,300	-42,500	-49,300	-320,300	-131,200	-31,200	-82,200	-39,100	-203,800	-16,200	-2,800	-4,100	-20,200	-12,300	-13,600	-202,300	-24,900	-27,100	-13,300	-173,800	-21,700	-19,700	-13,600	-29,400	-30,800	-20,000	-13,600
Cash flows from financing activities
Issuance of notes
700,000	-	-	-	0	-	-	-	-	100	500,000	993,400	798,500	-	-	-	-	300,000	0	0	552,800	0	747,700	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes
0	500,000	0	0	450,000	-	-	-	-	0	0	0	300,000	-	-	-	-	-	-	-	-	0	300,000	0	0	0	0	31,900	31,900	110,700	-31,900	-3,700	-3,800	3,800	3,700	1,900	1,900	-	-	-	-	-	-	-	-
Borrowings under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	180,000	768,000	1,464,000
Repayments of borrowings under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	390,000	1,026,000	1,609,000
Issuance of commercial paper
789,000	9,800	364,800	540,400	402,000	554,600	75,000	139,800	219,600	399,500	733,800	50,000	653,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	322,900	1,121,600	788,300	3,372,500	2,689,400	2,653,800	2,359,800
Repayment of commercial paper
305,000	10,000	495,000	730,000	85,000	580,800	139,800	139,800	259,600	583,800	419,500	263,300	440,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,900	664,400	1,137,100	860,000	3,459,900	2,528,700	2,475,900	2,272,000
Proceeds from stock-based compensation plans
16,000	8,600	7,600	14,800	14,000	4,100	6,000	8,400	28,500	6,700	10,200	17,000	22,100	5,300	35,600	12,600	24,300	17,100	17,100	20,200	34,800	14,800	43,300	85,300	6,000	70,300	35,800	59,100	1,700	188,600	-37,000	-7,300	-27,600	8,800	2,500	23,200	11,900	8,700	11,700	1,800	12,500	5,200	2,200	11,100	1,300
Repurchase of shares related to stock-based compensation
71,000	1,100	1,000	23,900	51,000	0	500	19,500	42,000	700	400	400	47,500	400	800	500	42,700	200	200	400	58,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from settlement of stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	3,700	37,400	4,200	9,300	6,400	38,800	6,400	5,400	10,900	16,100	27,500	-2,600	-600	-8,600	1,400	100	3,100	2,800	900	2,800	300	3,000	1,800	300	2,500	400
Treasury shares
253,000	263,000	112,800	167,200	448,000	55,800	66,200	37,600	43,400	36,400	29,100	79,500	55,000	59,900	193,000	223,800	262,100	192,500	304,900	234,900	365,800	440,300	320,500	258,100	201,600	145,500	397,200	259,100	91,300	321,600	-25,100	-100,000	0	0	206,200	0	127,600	104,000	19,700	70,000	29,900	-	-	-	-
Dividends
105,000	94,400	94,600	95,000	94,000	84,100	84,300	84,500	84,100	72,200	72,600	72,600	72,600	70,600	70,900	71,500	72,100	67,100	67,800	68,500	68,700	57,800	59,000	59,300	59,900	53,600	54,600	44,600	44,500	35,700	35,700	35,900	35,700	31,100	31,700	31,900	26,300	24,500	24,600	24,600	24,900	23,700	23,600	23,700	23,500
Debt issuance costs, extinguishment costs and related fees
-	-	-	-	-	-	-	1,500	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments Of Contingent Consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,200	2,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	300	400	300	300	300	400	400
Debt issuance costs
6,000	-	-	-	0	-	-	-	-	-	-	-	4,900	-	-	-	-	3,600	100	1,600	4,200	0	6,500	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to noncontrolling interests
-	-	-	-	-	1,000	2,700	200	1,100	-200	2,400	600	200	2,100	0	1,700	2,900	2,200	900	0	3,700	2,100	2,000	2,300	5,400	2,300	1,700	2,100	6,100	1,500	2,300	800	3,700	300	300	500	4,000	400	300	3,500	600	800	0	0	2,900
Payment for noncontrolling interest
0	-300	0	300	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for ASR contract relating to shares retained by Counterparty until final settlement
0	-	-	-	125,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
765,000	-46,000	-331,000	-337,000	-849,000	568,200	-512,600	-285,300	-182,300	-289,600	719,100	616,800	553,700	-127,900	-274,600	-284,900	-355,500	7,000	-354,900	-281,500	123,900	-671,100	107,800	-279,100	-222,100	-155,600	83,000	-270,200	-156,000	-91,800	436,900	-135,500	-7,000	-25,300	-239,300	-8,000	-145,100	-136,600	119,100	-111,900	-111,900	-105,200	-70,700	-90,600	-82,300
Effect of exchange rate changes on cash and cash equivalents
-29,000	23,900	-28,100	2,200	1,000	-2,700	-5,900	-36,500	15,100	5,700	19,700	41,400	18,200	-41,300	-1,100	-10,800	29,000	-14,800	-22,000	20,100	-46,000	-38,700	-64,900	14,600	-200	5,800	38,500	-5,100	-41,200	5,700	17,200	-16,300	13,300	-3,600	-40,500	9,100	17,400	-2,300	39,700	-18,800	-16,100	-1,400	-700	32,200	-3,300
Increase (decrease) in cash and cash equivalents
309,000	654,000	-17,900	-1,100	-488,000	649,700	-279,700	37,200	205,800	108,700	-2,318,100	1,151,300	78,100	305,400	71,800	98,200	-181,300	286,300	-67,500	28,700	290,400	-721,300	163,500	-14,900	-127,300	84,400	202,100	-125,000	2,600	236,900	694,400	9,400	54,700	-94,200	-84,300	219,000	59,900	-134,100	307,800	-10,500	22,500	51,200	29,900	51,100	95,800