Cash flow S&P Global, Inc.

Equities

SPGI

US78409V1044

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Delayed Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
501.86 ^USD	-0.65%		+3.97%	+0.77%

07:59am	S&P Global: UK Consumer Confidence Drops in January	MT
07:03am	Ratings agencies downgrade China Vanke on deepening property sector woes	RE

76ede24dcdc7c8.bTLkuVMp3nC17B9RK8JYYQ3lcpUjaEzfTlq5Y7jiiME.FV_W_gFctzL-oiYmWrR1KFKqEdFRBQ2RdiDQAfe23Y0lS7LXP0idCPa_Jw

Published financial data: S&P GLOBAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.7B	7.44B	8.3B	11.18B	12.5B
Total Revenues	6.7B	7.44B	8.3B	11.18B	12.5B
Cost of Goods Sold, Total	1.8B	2.09B	2.2B	3.77B	4.14B
Gross Profit	4.9B	5.35B	6.1B	7.42B	8.36B
Selling General & Admin Expenses, Total	1.42B	1.27B	1.39B	2.44B	2.64B
Depreciation & Amortization - (IS)	82M	83M	82M	108M	101M
Amortization of Goodwill and Intangible Assets - (IS)	122M	123M	96M	905M	1.04B
Other Operating Expenses, Total	1.63B	1.48B	1.57B	3.45B	3.78B
Operating Income	3.27B	3.87B	4.54B	3.96B	4.57B
Interest Expense, Total	-142M	-141M	-119M	-300M	-330M
Net Interest Expenses	-142M	-141M	-119M	-300M	-330M
Income (Loss) On Equity Invest.	-	-	-	27M	36M
Currency Exchange Gains (Loss)	-	-	-	-4M	-4M
EBT, Excl. Unusual Items	3.13B	3.73B	4.42B	3.69B	4.28B
Restructuring Charges	-25M	-66M	-19M	-288M	-183M
Merger & Related Restructuring Charges	-25M	-36M	-255M	-615M	-315M
Gain (Loss) On Sale Of Investments	-19M	-1M	17M	59M	-15M
Gain (Loss) On Sale Of Assets	49M	16M	11M	1.9B	-70M
Asset Writedown	-11M	-133M	-3M	-18M	-21M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-169M	-281M	-3M	-21M	-
EBT, Incl. Unusual Items	2.93B	3.23B	4.16B	4.7B	3.67B
Income Tax Expense	627M	694M	901M	1.18B	778M
Earnings From Continuing Operations	2.3B	2.53B	3.26B	3.52B	2.89B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2.3B	2.53B	3.26B	3.52B	2.89B
Minority Interest	-180M	-195M	-239M	-274M	-267M
Net Income - (IS)	2.12B	2.34B	3.02B	3.25B	2.63B
Net Income to Common Incl Extra Items	2.12B	2.34B	3.02B	3.25B	2.63B
Net Income to Common Excl. Extra Items	2.12B	2.34B	3.02B	3.25B	2.63B
Per Share Items
Net EPS - Basic	8.65	9.71	12.56	10.25	8.25
Basic EPS - Continuing Operations	8.65	9.71	12.56	10.25	8.25
Basic Weighted Average Shares Outstanding	245M	241M	241M	317M	318M
Net EPS - Diluted	8.6	9.66	12.51	10.2	8.23
Diluted EPS - Continuing Operations	8.6	9.66	12.51	10.2	8.23
Diluted Weighted Average Shares Outstanding	247M	242M	242M	318M	319M
Normalized Basic EPS	7.24	8.86	10.47	6.41	7.55
Normalized Diluted EPS	7.19	8.82	10.43	6.37	7.54
Dividend Per Share	2.28	2.68	3.08	3.32	3.6
Payout Ratio	26.38	27.58	24.57	31.53	43.68
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
EBITDA	3.48B	4.08B	4.71B	4.98B	5.72B
EBITA	3.39B	3.99B	4.63B	4.87B	5.62B
EBIT	3.27B	3.87B	4.54B	3.96B	4.57B
EBITDAR	3.62B	4.21B	4.84B	5.12B	5.83B
Effective Tax Rate - (Ratio)	21.4	21.5	21.64	25.1	21.19
Current Domestic Taxes	396M	460M	591M	1.19B	775M
Current Foreign Taxes	201M	246M	295M	322M	370M
Total Current Taxes	597M	706M	886M	1.52B	1.14B
Deferred Domestic Taxes	16M	-3M	-8M	-237M	-217M
Deferred Foreign Taxes	14M	-9M	23M	-98M	-150M
Total Deferred Taxes	30M	-12M	15M	-335M	-367M
Normalized Net Income	1.78B	2.14B	2.52B	2.03B	2.4B
Non-Cash Pension Expense	81M	-30M	-40M	-11M	2M
Supplemental Operating Expense Items
Advertising Expense	34M	29M	39M	177M	209M
Research And Development Expense From Footnotes	-	13M	-	-	-
Net Rental Expense, Total	139M	138M	122M	147M	118M
Imputed Operating Lease Interest Expense	37.86M	33M	23.88M	42.45M	26.23M
Imputed Operating Lease Depreciation	101M	105M	98.12M	105M	91.77M
Stock-Based Comp., Other (Total)	78M	90M	122M	214M	171M
Total Stock-Based Compensation	78M	90M	122M	214M	171M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.87B	4.11B	6.5B	1.29B	1.29B
Short Term Investments	28M	9M	11M	14M	26M
Total Cash And Short Term Investments	2.89B	4.12B	6.51B	1.3B	1.32B
Accounts Receivable, Total	1.58B	1.59B	1.65B	2.49B	2.83B
Total Receivables	1.58B	1.59B	1.65B	2.49B	2.83B
Prepaid Expenses	215M	241M	311M	566M	922M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	20M	14M	8M	1M	1M
Other Current Assets, Total	6M	23M	333M	1.31B	78M
Total Current Assets	4.71B	5.99B	8.81B	5.67B	5.14B
Gross Property Plant And Equipment	1.62B	1.36B	1.29B	1.58B	1.43B
Accumulated Depreciation	-622M	-587M	-620M	-859M	-794M
Net Property Plant And Equipment	996M	778M	667M	720M	637M
Long-term Investments	-	-	-	1.9B	1.92B
Goodwill	3.58B	3.74B	3.51B	34.54B	34.85B
Other Intangibles, Total	1.51B	1.41B	1.33B	18.38B	17.51B
Deferred Tax Assets Long-Term	52M	67M	56M	81M	64M
Other Long-Term Assets, Total	506M	558M	659M	499M	467M
Total Assets	11.35B	12.54B	15.03B	61.78B	60.59B
Liabilities
Accounts Payable, Total	190M	233M	205M	450M	557M
Accrued Expenses, Total	446M	551M	607M	753M	906M
Short-term Borrowings	-	-	-	226M	-
Current Portion of Long-Term Debt	-	-	-	-	47M
Current Portion of Leases	112M	100M	96M	118M	105M
Current Income Taxes Payable	68M	84M	90M	116M	121M
Unearned Revenue Current, Total	1.93B	2.17B	2.22B	3.13B	3.46B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	349M	451M	600M	1.21B	928M
Total Current Liabilities	3.09B	3.59B	3.82B	6B	6.12B
Long-Term Debt	3.95B	4.11B	4.38B	10.73B	11.41B
Long-Term Leases	620M	544M	492M	577M	541M
Pension & Other Post Retirement Benefits	259M	291M	262M	180M	199M
Deferred Tax Liability Non Current	200M	177M	147M	4.06B	3.69B
Other Non Current Liabilities	424M	476M	390M	489M	522M
Total Liabilities	8.54B	9.18B	9.49B	22.04B	22.49B
Common Stock, Total	294M	294M	294M	415M	415M
Additional Paid In Capital	903M	946M	1.03B	44.42B	44.23B
Retained Earnings	12.2B	13.37B	15.02B	17.78B	18.73B
Treasury Stock	-12.3B	-13.46B	-13.47B	-25.35B	-28.41B
Comprehensive Income and Other	-624M	-637M	-841M	-886M	-763M
Total Common Equity	479M	509M	2.03B	36.39B	34.2B
Minority Interest	2.32B	2.84B	3.5B	3.36B	3.9B
Total Equity	2.8B	3.35B	5.54B	39.74B	38.1B
Total Liabilities And Equity	11.35B	12.54B	15.03B	61.78B	60.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	244M	241M	241M	322M	314M
ECS Total Common Shares Outstanding	244M	241M	241M	322M	314M
Book Value / Share	1.96	2.12	8.43	113.04	108.88
Tangible Book Value	-4.6B	-4.64B	-2.8B	-16.53B	-18.16B
Tangible Book Value Per Share	-18.86	-19.27	-11.63	-51.36	-57.81
Total Debt	4.68B	4.75B	4.97B	11.65B	12.1B
Net Debt	1.79B	637M	-1.54B	10.35B	10.79B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-15M	-23M	-109M	-57M	-48M
Debt Equivalent Oper. Leases	1.11B	1.1B	976M	1.18B	944M
Minority Interest, Total (Incl. Fin. Div)	2.32B	2.84B	3.5B	3.36B	3.9B
Equity Method Investments, Total	-	-	-	1.75B	1.79B
Account Code - Inventory Valuation	3	3	3	3	-
Buildings, Total	420M	364M	346M	468M	424M
Machinery, Total	522M	507M	515M	688M	628M
Full Time Employees	22.5K	23K	22.85K	39.95K	40.45K
Accumulated Allowance for Doubtful Accounts (Supple)	34M	30M	26M	48M	54M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.12B	2.34B	3.02B	3.25B	2.63B
Depreciation & Amortization - CF	82M	83M	82M	108M	101M
Amortization of Goodwill and Intangible Assets - (CF)	122M	123M	96M	905M	1.04B
Depreciation & Amortization, Total	204M	206M	178M	1.01B	1.14B
(Gain) Loss From Sale Of Asset	-49M	-16M	-11M	-1.9B	70M
Asset Writedown & Restructuring Costs	-	120M	31M	132M	246M
Stock-Based Compensation (CF)	78M	90M	122M	214M	171M
Provision and Write-off of Bad Debts	18M	17M	14M	24M	28M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	404M	564M	310M	-56M	-114M
Change In Accounts Receivable	-135M	18M	-144M	36M	-291M
Change In Accounts Payable	73M	132M	38M	43M	328M
Change in Unearned Revenues	256M	220M	198M	37M	352M
Change In Income Taxes	-41M	-2M	-36M	-135M	-175M
Change in Other Net Operating Assets	-155M	-121M	-126M	-55M	-674M
Cash from Operations	2.78B	3.57B	3.6B	2.6B	3.71B
Capital Expenditure	-115M	-76M	-35M	-89M	-143M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-91M	-201M	-99M	210M	-296M
Divestitures	85M	18M	16M	3.51B	1.01B
Investment in Marketable and Equity Securities, Total	-10M	19M	-2M	-2M	-13M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-131M	-240M	-120M	3.63B	562M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.09B	1.28B	-	5.4B	744M
Total Debt Issued	1.09B	1.28B	-	5.4B	744M
Short Term Debt Repaid, Total	-	-	-	-32M	-188M
Long-Term Debt Repaid, Total	-868M	-1.39B	-	-3.7B	-
Total Debt Repaid	-868M	-1.39B	-	-3.73B	-188M
Issuance of Common Stock	40M	16M	13M	7M	13M
Repurchase of Common Stock	-1.31B	-1.22B	-56M	-12.11B	-3.41B
Common Dividends Paid	-560M	-645M	-743M	-1.02B	-1.15B
Common & Preferred Stock Dividends Paid	-560M	-645M	-743M	-1.02B	-1.15B
Other Financing Activities, Total	-143M	-194M	-227M	140M	-289M
Cash from Financing	-1.75B	-2.17B	-1.01B	-11.33B	-4.28B
Foreign Exchange Rate Adjustments	34M	75M	-82M	-123M	12M
Net Change in Cash	928M	1.24B	2.38B	-5.22B	4M
Supplemental Items
Cash Interest Paid	162M	159M	130M	240M	369M
Cash Income Tax Paid (Refund)	659M	683M	883M	1.56B	1.28B
Levered Free Cash Flow	2.31B	3B	2.83B	3.3B	4.68B
Unlevered Free Cash Flow	2.4B	3.09B	2.9B	3.49B	4.89B
Change In Net Working Capital	-185M	-453M	199M	129M	-858M
Net Debt Issued / Repaid	218M	-118M	-	1.66B	556M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	19.67	20.25	20.57	6.45	4.67
Return on Total Capital	30.41	31.03	30.45	8	5.63
Return On Equity %	90.17	82.33	73.42	15.56	7.43
Return on Common Equity	383.56	473.48	238.02	16.91	7.44
Margin Analysis
Gross Profit Margin %	73.12	71.89	73.54	66.32	66.86
SG&A Margin	21.23	17.12	16.74	21.8	21.12
EBITDA Margin %	51.89	54.77	56.8	44.51	45.74
EBITA Margin %	50.66	53.65	55.82	43.55	44.93
EBIT Margin %	48.84	52	54.66	35.45	36.59
Income From Continuing Operations Margin %	34.38	34.05	39.33	31.5	23.15
Net Income Margin %	31.69	31.43	36.45	29.05	21.01
Net Avail. For Common Margin %	31.69	31.43	36.45	29.05	21.01
Normalized Net Income Margin	26.52	28.7	30.38	18.16	19.24
Levered Free Cash Flow Margin	34.46	40.36	34.06	29.51	37.46
Unlevered Free Cash Flow Margin	35.78	41.54	34.96	31.18	39.11
Asset Turnover
Asset Turnover	0.64	0.62	0.6	0.29	0.2
Fixed Assets Turnover	10.58	8.39	11.48	16.12	18.42
Receivables Turnover (Average Receivables)	4.43	4.7	5.12	5.4	4.7
Short Term Liquidity
Current Ratio	1.52	1.67	2.31	0.94	0.84
Quick Ratio	1.45	1.59	2.14	0.63	0.68
Operating Cash Flow to Current Liabilities	0.9	0.99	0.94	0.43	0.61
Days Sales Outstanding (Average Receivables)	82.44	77.95	71.33	67.64	77.69
Average Days Payable Outstanding	40.63	37	36.42	31.74	44.38
Long Term Solvency
Total Debt/Equity	166.9	141.83	89.81	29.32	31.77
Total Debt / Total Capital	62.53	58.65	47.32	22.67	24.11
LT Debt/Equity	162.91	138.84	88.08	28.45	31.37
Long-Term Debt / Total Capital	61.04	57.41	46.4	22	23.81
Total Liabilities / Total Assets	75.29	73.26	63.16	35.67	37.12
EBIT / Interest Expense	23.04	27.45	38.11	13.21	13.86
EBITDA / Interest Expense	25.46	29.89	40.63	17.08	17.68
(EBITDA - Capex) / Interest Expense	24.65	29.35