Moody’s Corporation MCO Cash Flow

Moody’s corporation (MCO)

CashFlow / TTM

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
1,542,000	1,429,000	1,321,300	1,250,900	1,317,200	1,320,000	1,095,500	1,103,200	1,038,900	1,008,000	553,700	490,600	435,100	275,800	921,700	898,900	904,900	949,600	970,600	955,300	1,015,600	1,006,000	974,200	942,500	846,500	815,900	768,300	768,000	715,300	699,700	635,800	581,400	596,400	578,000	618,800	623,900	555,800	513,400	477,800	442,300	430,700	407,100	0	0	0
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization
199,000	200,000	198,300	195,800	192,900	192,000	193,200	190,100	174,600	158,000	141,300	131,000	129,300	126,700	122,500	118,100	114,800	113,500	111,800	106,700	101,100	95,600	91,900	92,100	92,900	93,400	93,900	94,600	93,600	93,500	90,400	85,300	85,000	79,200	75,700	74,800	68,200	66,300	65,700	63,800	64,300	64,100	0	0	0
Stock-based compensation
137,000	136,000	133,200	130,400	130,900	130,000	134,100	135,400	129,700	123,000	114,200	106,300	101,100	98,100	93,500	91,700	89,900	87,200	87,000	84,200	82,800	80,400	77,700	74,400	70,200	67,100	67,500	67,900	66,700	64,500	59,800	56,300	55,700	56,700	58,500	59,200	57,800	56,600	54,300	54,500	57,700	57,400	0	0	0
Deferred income taxes
5,000	-38,000	-45,900	-89,900	-80,800	-99,000	-148,700	-117,600	-101,200	88,000	1,200	26,700	20,600	-153,100	5,500	21,200	21,800	18,100	5,900	-5,700	9,600	29,900	29,500	8,200	-12,400	-27,200	-6,700	-600	1,000	36,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
CCXI Gain
-	-	-	-	-	-	-	-	-	60,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss pursuant to the divestiture of MAKS
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit to net income related to the resolution of Legacy Tax Matters.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	12,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from settlement of stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,700	54,600	57,300	58,700	60,900	57,000	61,500	38,800	36,300	33,500	23,200	15,700	13,200	10,700	13,200	7,400	6,900	9,600	6,800	7,000	7,900	5,400	7,600	5,000	0	0	0
Changes in assets and liabilities:
Accounts receivable
133,000	134,000	122,600	123,400	114,100	136,000	115,700	113,700	116,000	148,000	79,000	76,100	121,200	104,800	122,000	58,800	8,200	25,400	25,400	64,300	118,200	98,300	105,700	115,200	84,800	67,000	44,400	85,300	57,200	128,200	137,400	34,600	76,900	-17,100	-74,200	89,000	69,900	54,400	97,300	-15,000	17,400	14,900	0	0	0
Other current assets
120,000	88,000	53,800	57,000	62,800	9,000	17,200	-10,800	-106,100	70,000	30,300	73,200	104,900	-37,000	-17,300	6,400	18,200	28,900	-27,200	-11,800	33,100	41,000	78,000	21,200	38,700	21,700	30,000	38,300	12,100	14,100	15,100	50,500	0	-53,500	-5,100	7,900	16,600	73,500	-9,100	-18,700	-35,000	-55,300	0	0	0
Other assets
53,000	69,000	35,200	31,300	16,500	17,000	6,800	11,200	-700	-12,000	-7,800	-1,800	-1,900	-6,600	-3,700	-4,100	-2,300	13,100	3,500	8,500	13,800	1,700	-500	-3,400	500	700	3,400	-7,500	-4,700	-5,100	13,700	9,400	25,500	7,500	-58,600	-25,600	-32,600	-3,700	63,000	27,900	11,900	7,400	0	0	0
Restructuring liability
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-600	-1,100	-2,100	-5,200	-9,900	-11,100	-9,200	2,600	0	0	0
Accounts payable and accrued liabilities
71,000	77,000	-57,300	-66,700	-89,900	-134,000	12,700	76,200	126,500	-638,000	129,800	94,800	12,800	902,400	32,500	16,600	25,200	51,400	39,800	50,800	118,200	59,200	119,400	138,900	-274,300	-2,900	11,600	49,100	347,000	101,700	46,400	-13,900	26,300	23,900	-12,200	60,500	20,200	83,500	68,000	6,600	38,800	50,400	0	0	0
Deferred revenue
0	-	-	-	0	-	-	-	-	-	-	0	78,200	-	52,200	35,300	26,300	31,600	23,200	39,200	52,300	38,400	66,300	68,700	83,000	66,100	49,200	34,900	33,800	20,900	32,400	33,900	51,600	8,800	24,000	28,000	16,800	19,600	10,000	14,500	20,200	17,900	0	0	0
Unrecognized tax benefits and other non-current tax liabilities
12,000	8,000	-1,000	77,200	54,900	59,000	87,400	21,000	44,200	63,000	22,400	14,900	-2,200	2,200	-2,800	-3,100	-13,000	-10,900	2,200	12,700	43,500	30,600	4,600	2,200	36,100	30,900	57,100	59,200	23,100	-49,200	-57,500	-76,400	-91,300	3,900	8,900	30,300	34,300	30,800	27,600	-17,900	-26,000	-21,000	0	0	0
Increase Decrease in Contract With Customer Liability
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-79,000	42,000	73,200	800	-9,700	-26,000	204,500	270,400	258,000	263,000	35,600	36,100	34,100	25,300	26,600	-2,200	13,100	31,400	18,600	33,800	11,700	-12,600	-8,000	700	47,300	30,900	41,500	33,800	-11,600	9,400	-24,400	-35,700	-10,900	-21,800	-4,800	-300	-1,600	18,100	27,700	32,600	700	-300	0	0	0
Net cash provided by operating activities
1,653,000	1,675,000	1,571,900	1,438,200	1,436,500	1,461,000	1,489,800	1,572,900	1,658,900	755,000	720,000	672,200	493,200	1,259,200	1,193,600	1,150,100	1,189,900	1,198,100	1,202,300	1,155,000	1,103,200	1,018,600	983,100	1,015,700	901,400	926,800	980,600	956,700	963,700	823,100	633,000	592,900	664,400	803,300	844,900	795,200	690,100	653,300	661,900	623,300	612,900	643,800	0	0	0
Cash flows from investing activities
Capital additions
70,000	69,000	89,000	91,800	96,000	91,000	84,500	86,100	87,300	91,000	99,800	103,700	107,600	115,200	107,900	102,600	96,300	89,000	83,700	76,500	74,500	74,600	68,100	63,000	52,800	42,300	40,800	41,200	38,300	45,000	49,300	54,000	63,400	67,700	78,000	79,300	82,400	79,000	81,000	91,200	94,500	90,700	0	0	0
Purchases of investments
178,000	138,000	161,100	170,700	180,700	193,000	188,500	186,900	185,800	170,000	224,200	280,700	279,800	379,900	487,500	573,500	654,900	688,200	818,700	655,700	569,900	406,300	78,700	248,200	224,600	225,900	223,600	49,000	48,800	56,200	62,200	51,400	50,600	43,300	31,100	28,500	24,600	26,200	30,900	29,600	24,600	17,600	0	0	0
Sales and maturities of investments
146,000	174,000	179,000	174,400	170,900	161,000	176,100	156,500	203,300	239,000	444,600	566,200	650,200	699,500	643,200	726,100	662,400	653,100	491,900	310,200	237,000	134,000	124,300	86,100	59,400	57,000	37,500	46,900	51,200	54,500	54,000	46,200	43,600	40,900	28,700	27,600	27,100	25,000	0	0	0	-	-	-	-
Cash received upon disposal of a business, net of cash transferred to purchaser
-	-	-	-	-	6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions, net of cash acquired
858,000	162,000	0	0	0	-	-	-	-	3,511,000	3,512,700	9,900	9,900	80,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	0	0	0
Cash paid into escrow for ICRA share tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipts from settlements of net investment hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	21,400	21,400	21,200	39,700	42,500	42,500	42,500	21,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-729,000	36,000	-441,700	-413,500	-394,500	-406,000	-126,400	-3,505,200	-3,457,100	-3,420,000	-3,303,000	149,200	229,000	102,000	-12,900	-7,500	-151,100	-92,000	-401,800	-543,300	-532,000	-564,900	-283,700	-356,300	-341,300	-261,900	-226,900	-43,300	-39,400	-50,200	-248,400	-253,100	-267,900	-267,600	-239,100	-235,900	-228,500	-228,800	-84,400	-93,500	-93,800	-93,800	0	0	0
Cash flows from financing activities
Issuance of notes
0	-	-	-	0	-	-	-	-	2,292,000	0	0	0	-	-	-	-	852,800	552,800	1,300,500	1,300,500	747,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes
500,000	950,000	0	0	0	-	-	-	-	300,000	0	0	0	-	-	-	-	-	-	-	-	300,000	300,000	0	31,900	63,800	174,500	142,600	107,000	71,300	-35,600	0	5,600	11,300	0	0	0	-	-	-	-	-	-	-	-
Borrowings under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,412,000	0	0	0
Repayments of borrowings under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,025,000	0	0	0
Issuance of commercial paper
1,704,000	1,317,000	1,861,800	1,572,000	1,171,400	989,000	833,900	1,492,700	1,402,900	1,837,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,232,800	5,605,300	7,971,800	9,504,000	11,075,500	0	0	0
Repayment of commercial paper
1,540,000	1,320,000	1,890,800	1,535,600	945,400	1,120,000	1,123,000	1,402,700	1,526,200	1,707,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,676,400	6,121,400	7,985,700	9,324,500	10,736,500	0	0	0
Proceeds from stock-based compensation plans
47,000	45,000	40,500	38,900	32,500	47,000	49,600	53,800	62,400	56,000	54,600	80,000	75,600	77,800	89,600	71,100	78,700	89,200	86,900	113,100	178,200	149,400	204,900	197,400	171,200	166,900	285,200	212,400	146,000	116,700	-63,100	-23,600	6,900	46,400	46,300	55,500	34,100	34,700	31,200	21,700	31,000	19,800	0	0	0
Repurchase of shares related to stock-based compensation
97,000	77,000	75,900	75,400	71,000	62,000	62,700	62,600	43,500	49,000	48,700	49,100	49,200	44,400	44,200	43,600	43,500	59,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from settlement of stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,700	54,600	57,300	58,700	60,900	57,000	61,500	38,800	59,900	51,900	40,400	15,700	-10,400	-7,700	-4,000	7,400	6,900	9,600	6,800	7,000	7,900	5,400	7,600	5,000	0	0	0
Treasury shares
796,000	991,000	783,800	737,200	607,600	203,000	183,600	146,500	188,400	200,000	223,500	387,400	531,700	738,800	871,400	983,300	994,400	1,098,100	1,345,900	1,361,500	1,384,700	1,220,500	925,700	1,002,400	1,003,400	893,100	1,069,200	646,900	287,800	196,500	-125,100	106,200	206,200	333,800	437,800	251,300	321,300	223,600	0	0	0	-	-	-	-
Dividends
389,000	378,000	367,700	357,400	346,900	337,000	325,100	313,400	301,500	290,000	288,400	286,700	285,600	285,100	281,600	278,500	275,500	272,100	262,800	254,000	244,800	236,000	231,800	227,400	212,700	197,300	179,400	160,500	151,800	143,000	138,400	134,400	130,400	121,000	114,400	107,300	100,000	98,600	97,800	96,800	95,900	94,500	0	0	0
Debt issuance costs, extinguishment costs and related fees
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments Of Contingent Consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	1,300	1,300	1,300	1,400	0	0	0
Debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	9,500	5,900	12,300	10,700	6,500	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to noncontrolling interests
-	-	-	-	-	5,000	3,800	3,500	3,900	3,000	5,300	2,900	4,000	6,700	6,800	7,700	6,000	6,800	6,700	7,800	10,100	11,800	12,000	11,700	11,500	12,200	11,400	12,000	10,700	8,300	7,100	5,100	4,800	5,100	5,200	5,200	8,200	4,800	5,200	4,900	1,400	3,700	0	0	0
Payment for noncontrolling interest
0	12,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for ASR contract relating to shares retained by Counterparty until final settlement
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
51,000	-1,563,000	-948,800	-1,130,400	-1,078,700	-412,000	-1,269,800	-38,100	864,000	1,600,000	1,761,700	768,000	-133,700	-1,042,900	-908,000	-988,300	-984,900	-505,500	-1,183,600	-720,900	-718,500	-1,064,500	-549,000	-573,800	-564,900	-498,800	-435,000	-81,100	53,600	202,600	269,100	-407,100	-279,600	-417,700	-529,000	-170,600	-274,500	-241,300	-209,900	-399,700	-378,400	-348,800	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-31,000	-1,000	-27,600	-5,400	-44,100	-30,000	-21,600	4,000	81,900	85,000	38,000	17,200	-35,000	-24,200	2,300	-18,600	12,300	-62,700	-86,600	-129,500	-135,000	-89,200	-44,700	58,700	39,000	-2,000	-2,100	-23,400	-34,600	19,900	10,600	-47,100	-21,700	-17,600	-16,300	63,900	36,000	2,500	3,400	-37,000	14,000	26,800	0	0	0
Increase (decrease) in cash and cash equivalents
944,000	147,000	142,700	-119,100	-80,800	613,000	72,000	-1,966,400	-852,300	-980,000	-783,300	1,606,600	553,500	294,100	275,000	135,700	66,200	537,900	-469,700	-238,700	-282,300	-700,000	105,700	144,300	34,200	164,100	316,600	808,900	943,300	995,400	664,300	-114,400	95,200	100,400	60,500	452,600	223,100	185,700	371,000	93,100	154,700	228,000	0	0	0