Moody's Corporation (NYSE:MCO) Q2 2020 Earnings Conference Call July 30, 2020 11:30 AM ET Company Participants Shivani Kak - Head of Investor Relations Ray McDaniel - President & Chief Executive Officer Mark Kaye - Chief Financial Officer Rob Fauber - Chief Operating Officer Conference Call Participants Judah Sokel - JP Morgan Alexander Kramm - UBS Toni Kaplan - Morgan Stanley Kevin McVeigh - Credit Suisse Manav Patnaik - Barclays Bill Warmington - Wells Fargo Craig Huber - Huber Research Partners Owen Lau ...

Financial Performance - Moody's reported a net income of $487 million for the three months ended March 31, 2020, compared to $374 million for the same period in 2019, reflecting a year-over-year increase of 30.3%[15]. - Comprehensive income attributable to Moody's was $373 million for the three months ended March 31, 2020, up from $363 million in the prior year, representing a 2.8% increase[15]. - Total revenue for the first quarter of 2020 reached $1,290 million, an increase of 13% compared to $1,142 million in the same period of 2019[50]. - Total revenue for the three months ended March 31, 2020, was $1.29 billion, an increase from $1.14 billion in the same period of 2019, representing a growth of approximately 12.3%[57]. - Adjusted Operating Income for the consolidated entity was $649 million, compared to $519 million in the prior year, reflecting a 25.1% increase[156]. - Operating income for Q1 2020 was $592 million, reflecting a 28% increase from $462 million in Q1 2019[193]. - Diluted EPS increased by 33% to $2.57, compared to $1.93 in the same quarter of 2019, driven by higher operating income[191]. - The operating margin improved to 45.9%, up 540 basis points from 40.5% in the prior year, reflecting strong revenue growth[191]. Revenue Breakdown - Ratings revenue totaled $783 million, up 17.7% from $665 million year-over-year[52]. - Corporate finance (CFG) revenue increased to $453 million, a 27.7% rise from $355 million in the prior year[54]. - Research, data and analytics (RD&A) revenue grew to $358 million, representing a 16.3% increase from $308 million in the same quarter of 2019[52]. - Total external revenue for the MA segment was $496 million, up 5.1% from $472 million year-over-year[54]. - The U.S. contributed $503 million to the MIS segment, a 22.4% increase from $411 million in the same quarter of 2019[54]. - Non-U.S. revenue for the MIS segment was $291 million, up 12.3% from $259 million year-over-year[54]. - The United States accounted for $714 million of total revenue, an increase from $612 million in the same period of 2019[157]. - The EMEA region generated $363 million in revenue, up from $333 million year-over-year[157]. - The Asia-Pacific region's revenue increased slightly to $136 million from $132 million in the prior year[157]. Expenses and Liabilities - The company reported total expenses of $698 million for the three months ended March 31, 2020, up from $680 million in the prior year[156]. - Total current liabilities increased to $2,351 million as of March 31, 2020, compared to $1,912 million at December 31, 2019, an increase of 23.0%[18]. - Long-term debt increased to $6,303 million as of March 31, 2020, up from $5,581 million at December 31, 2019, representing a rise of 12.9%[18]. - The company reported an increase in salaries and benefits liabilities to $160 million as of March 31, 2020, from $152 million at the end of 2019[117]. - The amortization expense for acquired intangible assets was $28 million for the first quarter of 2020, compared to $26 million for the same period in 2019[106]. Cash Flow and Investments - Net cash provided by operating activities was $345 million for the three months ended March 31, 2020, compared to $367 million for the same period in 2019, a decrease of 6.0%[20]. - Net cash used in investing activities totaled $772 million for the three months ended March 31, 2020, compared to $7 million for the same period in 2019, indicating a significant increase in investment outflows[20]. - The company issued $700 million in notes during the financing activities for the three months ended March 31, 2020[20]. - Cash and cash equivalents rose to $2,141 million at the end of the period, up from $1,832 million at the beginning of the period, marking an increase of 16.9%[20]. Strategic Initiatives - Moody's continues to focus on expanding its subscription-based revenue streams, which are critical for long-term growth and stability[8]. - The company has made strategic acquisitions, including Regulatory DataCorp Inc. and Vigeo Eiris, to enhance its risk and compliance intelligence offerings[8]. - The Company completed acquisitions of RiskFirst, ABS Suite, and Regulatory DataCorp, which will impact year-over-year comparative results[187]. - The company is closely monitoring the impact of COVID-19, particularly in the MIS segment, where significant market disruption has been observed[186]. Accounting and Compliance - Moody's is adapting to new accounting standards, including updates to revenue recognition and credit loss measurement, which may impact future financial reporting[8]. - The company recorded a provision for expected credit losses of $24 million, primarily due to the estimated effects of COVID-19[44]. - The company has implemented policies to comply with the "expected credit loss" impairment model, refining the grouping of receivables based on risk characteristics[33]. - The effective tax rate (ETR) for the three months ended March 31, 2020, was 13.7%, an increase from 9.2% in the prior year, primarily due to changes in IRS regulations[70]. Market and Economic Impact - Moody's is closely monitoring the impact of COVID-19 on its business, with potential material impacts on revenue and cash flows[37]. - The company has suspended its share repurchase program to conserve cash amid the ongoing uncertainty[38]. - The company faced a penalty of approximately $35,000 imposed by SEBI related to credit ratings, which is currently under appeal[108]. - The company is addressing ongoing inquiries and allegations from SEBI, which may impact future operating results and goodwill[108].

Moody's Corporation (NYSE:MCO) Q1 2020 Earnings Conference Call April 30, 2020 11:30 AM ET Company Participants Shivani Kak - Head of IR Ray McDaniel - President & CEO Mark Kaye - CFO Rob Fauber - COO Steve Tulenko - President of MA Mike West - President of MIS Conference Call Participants Alex Cram - UBS Michael Cho - JPMorgan Bill Warmington - Wells Fargo Andrew Nicholas - William Blair Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Jeff Silber - BMO Capital Markets Craig Huber - Huber Research ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (MARK ONE) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO . COMMISSION FILE NUMBER 1-14037 MOODY'S CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 13-3998945 (STATE OF INCORPORATION) (I.R.S. ...

Moody's Corporation (NYSE:MCO) Q4 2019 Earnings Conference Call February 12, 2020 11:30 AM ET Company Participants Shivani Kak - Head of IR Ray McDaniel - President & CEO Mark Kaye - CFO Rob Fauber - COO Conference Call Participants Manav Patnaik - Barclays Michael Cho - JPMorgan Alex Cram - UBS Toni Kaplan - Morgan Stanley Andrew Nicholas - William Blair Jeff Silber - BMO Capital Markets George Tong - Goldman Sachs Craig Huber - Huber Research Partners Shlomo Rosenbaum - Stifel Steven Chang - Cantor Fitzge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14037 ____________________ Moody's Corporation (Exact name of registrant as specified in its charter) 7 World Trade Center at 1 ...

Moody's Corporation (NYSE:MCO) Q3 2019 Earnings Conference Call October 30, 2019 11:30 AM ET Company Participants Shivani Kak - Head of Investor Relations Ray McDaniel - President & Chief Executive Officer Mark Kaye - Chief Financial Officer Mark Almeida - President of Moody's Analytics Rob Fauber - Chief Operating Officer Conference Call Participants Michael Cho - JPMorgan. Manav Patnaik - Barclays Toni Kaplan - Morgan Stanley Andrew Nicholas - William Blair Bill Warmington - Wells Fargo Christian Bolu - A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14037 Moody's Corporation (Exact name of registrant as specified in its charter) 7 World Trade Center at 250 Greenwich Street, New Y ...