Moody's Corporation (MCO) quarterly cash flow statement — complete operating, investing & financing history
Moody's Corporation (MCO) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 779M | 939M | 858M | 743M | 543M | 757M | 674M | 703M | 686M | 775M | 477M | 462M | 604M | 608M | 377M | 336M | 291M | 470M | 299M | 436M |
| Operating CF Growth % | 43.46% | 24.04% | 27.3% | 5.69% | -20.85% | -2.32% | 41.3% | 52.16% | 13.58% | 27.47% | 26.53% | 37.5% | 107.56% | 29.36% | 26.09% | -22.94% | -51.01% | -30.47% | -54.56% | -14.68% |
| Net Income | 879M | 661M | 610M | 648M | 578M | 625M | 395M | 534M | 552M | 577M | 340M | 389M | 377M | 501M | 246M | 303M | 327M | 498M | 427M | 474M |
| Depreciation & Amortization | 126M | 122M | 124M | 123M | 120M | 113M | 113M | 108M | 110M | 100M | 97M | 95M | 93M | 88M | 89M | 83M | 81M | 78M | 77M | 61M |
| Deferred Taxes | -51M | 23M | -57M | 23M | -1M | 18M | -71M | -16M | 0 | 25M | -28M | -31M | 21M | 0 | -10M | -7M | 35M | 30M | -139M | -138M |
| Other Non-Cash Items | -164M | 5M | 38M | -509M | 67M | 8M | 18M | 12M | 63M | 4M | 41M | 59M | 50M | 47M | -41M | 0 | 58M | 46M | -23M | 0 |
| Working Capital Changes | -70M | 70M | 143M | 284M | -221M | -63M | 165M | 8M | -39M | 16M | -23M | -50M | 63M | -28M | 54M | -89M | -210M | -182M | -91M | -2M |
| Cash from Investing | 112M | -91M | -42M | -54M | -126M | 224M | -181M | -684M | -95M | -96M | -54M | -90M | -40M | -63M | -90M | 0 | -11M | -161M | -458M | -1.91B |
| Purchase of Investments | -37M | -39M | -35M | -42M | -77M | -51M | -28M | -538M | -37M | -52M | -35M | -53M | -10M | -45M | -76M | -62M | -136M | -46M | -300M | -28M |
| Sale/Maturity of Investments | 40M | 66M | 34M | 77M | 28M | 551M | 32M | 24M | 35M | 46M | 46M | 34M | 27M | 55M | 65M | 54M | 72M | 27M | 45M | 17M |
| Net Investment Activity | 3M | 27M | -1M | 35M | -49M | 500M | 4M | -514M | -2M | -6M | 11M | -19M | 17M | 10M | -11M | -8M | -64M | -19M | -255M | -11M |
| Acquisitions | 0 | -23M | 40M | -4M | -2M | -223M | -111M | -98M | 0 | -12M | 8M | 0 | -3M | 0 | 0 | -5M | -9M | -83M | -153M | -1.89B |
| Other Investing | 14M | 0 | 0 | -245M | 0 | 32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84M | 136M | 0 | 12M | 22M |
| Cash from Financing | 624M | -1.72B | -609M | -674M | -482M | -1.3B | -634M | -81M | -423M | -308M | -353M | -607M | -408M | -216M | -251M | -245M | -360M | -352M | -257M | 927M |
| Dividends Paid | -180M | -185M | -167M | -168M | -171M | -195M | -155M | -156M | -154M | -155M | -140M | -141M | -142M | -141M | -128M | -128M | -129M | -130M | -116M | -115M |
| Share Repurchases | 1.55B | -1.55B | -444M | 745M | -319M | -426M | -486M | -431M | -293M | -173M | -216M | -173M | -86M | -86M | -2M | -114M | -336M | -618M | -123M | -128M |
| Stock Issued | -13M | 13M | 5M | -32M | 9M | 23M | 13M | 15M | 25M | 20M | 10M | 9M | 20M | 11M | 5M | 5M | 8M | 8M | 8M | 7M |
| Net Stock Activity | 1.53B | -1.53B | -439M | 713M | -310M | -403M | -473M | -416M | -268M | -153M | -206M | -164M | -66M | -75M | 3M | -109M | -328M | -610M | -115M | -121M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 1000K | 0 | 0 | 0 | -1000K | -1000K | 0 | -1000K | -1000K | 0 | 1000K | -1000K | 1000K |
| Other Financing | -730M | 0 | -3M | -1.22B | -1M | 0 | -6M | 0 | -1M | 0 | -7M | -2M | 0 | 0 | 0 | 0 | 97M | -98M | -2M | -2M |
| Net Change in Cash | 1.53B | -915M | 203M | 7M | 35M | -269M | -234M | 7M | 159M | 346M | 124M | -272M | 159M | 350M | 113M | 39M | -133M | -61M | -428M | -570M |
| Exchange Rate Effect | 17M | -44M | -4M | -8M | 100M | 48M | -93M | 69M | -9M | -25M | 54M | -37M | 3M | 21M | 77M | -52M | -53M | -18M | -12M | -23M |
| Cash at Beginning | 1.47B | 2.38B | 2.18B | 2.17B | 2.14B | 2.41B | 2.64B | 2.63B | 2.48B | 2.13B | 2.01B | 2.28B | 2.12B | 1.77B | 1.66B | 1.62B | 1.75B | 1.81B | 2.24B | 2.81B |
| Cash at End | 3B | 1.47B | 2.38B | 2.18B | 2.17B | 2.14B | 2.41B | 2.64B | 2.63B | 2.48B | 2.13B | 2.01B | 2.28B | 2.12B | 1.77B | 1.66B | 1.62B | 1.75B | 1.81B | 2.24B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 874M | 844M | 777M | 903M | 468M | 672M | 600M | 631M | 593M | 697M | 404M | 391M | 550M | 535M | 298M | 265M | 217M | 411M | 237M | 403M |
| FCF Growth % | 86.75% | 25.6% | 29.5% | 43.11% | -21.08% | -3.59% | 48.51% | 61.38% | 7.82% | 30.28% | 35.57% | 47.55% | 153.46% | 30.17% | 25.74% | -34.24% | -61.52% | -37.92% | -62.85% | -17.76% |