$SPGI
S&P Global Inc.

2023 Q3 Form 10-Q Financial Statement

#000006404023000159 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $3.084B $3.101B
YoY Change 7.79% 3.61%
Cost Of Revenue $995.0M $1.026B
YoY Change 0.1% 1.48%
Gross Profit $2.089B $2.075B
YoY Change 11.89% 4.69%
Gross Profit Margin 67.74% 66.91%
Selling, General & Admin $741.0M $644.0M
YoY Change 2.92% -15.71%
% of Gross Profit 35.47% 31.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $284.0M
YoY Change -29.03% 688.89%
% of Gross Profit 1.05% 13.69%
Operating Expenses $741.0M $929.0M
YoY Change 2.92% 21.6%
Operating Profit $1.074B $1.146B
YoY Change 25.91% -22.67%
Interest Expense $84.00M -$72.00M
YoY Change -229.23% -15.29%
% of Operating Profit 7.82% -6.28%
Other Income/Expense, Net $5.000M $6.000M
YoY Change -86.49% 500.0%
Pretax Income $995.0M $834.0M
YoY Change 20.9% -40.04%
Income Tax $181.0M $259.0M
% Of Pretax Income 18.19% 31.06%
Net Earnings $742.0M $511.0M
YoY Change 22.04% -47.43%
Net Earnings / Revenue 24.06% 16.48%
Basic Earnings Per Share $2.34 $1.60
Diluted Earnings Per Share $2.33 $1.60
COMMON SHARES
Basic Shares Outstanding 318.2M shares 320.8M shares
Diluted Shares Outstanding 318.0M shares 319.8M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.645B $1.561B
YoY Change 18.43% -56.29%
Cash & Equivalents $1.645B $1.561B
Short-Term Investments
Other Short-Term Assets $612.0M $614.0M
YoY Change -78.06% 13.91%
Inventory
Prepaid Expenses
Receivables $2.547B $2.545B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.804B $4.720B
YoY Change 14.98% -24.3%
LONG-TERM ASSETS
Property, Plant & Equipment $254.0M $659.0M
YoY Change -16.72% 98.49%
Goodwill $34.79B $34.83B
YoY Change 0.83% 1.11%
Intangibles $17.64B $17.91B
YoY Change -9.68% -10.7%
Long-Term Investments $1.791B $1.792B
YoY Change -5.19% -3.6%
Other Assets $900.0M $785.0M
YoY Change -6.54% -6.21%
Total Long-Term Assets $55.76B $55.98B
YoY Change -3.26% -3.64%
TOTAL ASSETS
Total Short-Term Assets $4.804B $4.720B
Total Long-Term Assets $55.76B $55.98B
Total Assets $60.56B $60.70B
YoY Change -2.03% -5.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $458.0M $488.0M
YoY Change 23.45% 26.75%
Accrued Expenses $763.0M $622.0M
YoY Change 17.57% 11.47%
Deferred Revenue $3.022B $3.148B
YoY Change 5.3% 7.33%
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $47.00M $825.0M
YoY Change
Total Short-Term Liabilities $5.218B $6.030B
YoY Change 3.37% 21.62%
LONG-TERM LIABILITIES
Long-Term Debt $11.42B $10.68B
YoY Change 6.34% -0.93%
Other Long-Term Liabilities $507.0M $1.227B
YoY Change 13.93% 178.23%
Total Long-Term Liabilities $11.92B $11.90B
YoY Change 6.65% 6.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.218B $6.030B
Total Long-Term Liabilities $11.92B $11.90B
Total Liabilities $21.54B $25.23B
YoY Change 0.57% 17.21%
SHAREHOLDERS EQUITY
Retained Earnings $18.73B $18.28B
YoY Change 5.58% 5.67%
Common Stock $44.85B $44.71B
YoY Change 0.47% 2.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $35.42B $35.47B
YoY Change
Total Liabilities & Shareholders Equity $60.56B $60.70B
YoY Change -2.03% -5.64%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $742.0M $511.0M
YoY Change 22.04% -47.43%
Depreciation, Depletion And Amortization $22.00M $284.0M
YoY Change -29.03% 688.89%
Cash From Operating Activities $1.013B $769.0M
YoY Change 24.45% 69.38%
INVESTING ACTIVITIES
Capital Expenditures $36.00M $31.00M
YoY Change -271.43% -229.17%
Acquisitions
YoY Change
Other Investing Activities -$13.00M $940.0M
YoY Change -62.86% 8.29%
Cash From Investing Activities -$49.00M $909.0M
YoY Change -12.5% 7.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -855.0M -1.517B
YoY Change -70.1% -26.47%
NET CHANGE
Cash From Operating Activities 1.013B 769.0M
Cash From Investing Activities -49.00M 909.0M
Cash From Financing Activities -855.0M -1.517B
Net Change In Cash 109.0M 161.0M
YoY Change -105.19% -121.05%
FREE CASH FLOW
Cash From Operating Activities $1.013B $769.0M
Capital Expenditures $36.00M $31.00M
Free Cash Flow $977.0M $738.0M
YoY Change 17.01% 54.39%

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CY2023Q2 us-gaap Lessee Operating Lease Renewal Term
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spgi Lessee Operating Lease Period Of Options To Terminate Lease
LesseeOperatingLeasePeriodOfOptionsToTerminateLease
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CY2023Q2 us-gaap Operating Lease Impairment Loss
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us-gaap Operating Lease Impairment Loss
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CY2022Q2 us-gaap Operating Lease Impairment Loss
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us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
115000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
118000000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q2 us-gaap Operating Lease Cost
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CY2022Q2 us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2023Q2 us-gaap Sublease Income
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CY2022Q2 us-gaap Sublease Income
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us-gaap Sublease Income
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us-gaap Sublease Income
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CY2023Q2 us-gaap Lease Cost
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CY2022Q2 us-gaap Lease Cost
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us-gaap Lease Cost
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57000000 usd
us-gaap Lease Cost
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CY2023Q2 us-gaap Operating Lease Payments
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CY2022Q2 us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
72000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
122000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
106000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
93000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
86000000 usd
CY2023Q2 spgi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
269000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
748000000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
86000000 usd
CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0000064040-23-000159.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
image_1.jpg Edgar Link pending
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spgi-20230630.xsd Edgar Link pending
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