2023 Q4 Form 10-Q Financial Statement

#000006404023000193 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.152B $3.084B
YoY Change 7.32% 7.79%
Cost Of Revenue $2.264B $995.0M
YoY Change 123.72% 0.1%
Gross Profit $888.0M $2.089B
YoY Change -53.87% 11.89%
Gross Profit Margin 28.17% 67.74%
Selling, General & Admin $786.0M $741.0M
YoY Change 19.45% 2.92%
% of Gross Profit 88.51% 35.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $290.0M $22.00M
YoY Change 5.45% -29.03%
% of Gross Profit 32.66% 1.05%
Operating Expenses $0.00 $741.0M
YoY Change -100.0% 2.92%
Operating Profit $888.0M $1.074B
YoY Change -10.48% 25.91%
Interest Expense -$73.00M $84.00M
YoY Change -17.98% -229.23%
% of Operating Profit -8.22% 7.82%
Other Income/Expense, Net -$19.00M $5.000M
YoY Change 171.43% -86.49%
Pretax Income $795.0M $995.0M
YoY Change 28.02% 20.9%
Income Tax $151.0M $181.0M
% Of Pretax Income 18.99% 18.19%
Net Earnings $579.0M $742.0M
YoY Change 33.72% 22.04%
Net Earnings / Revenue 18.37% 24.06%
Basic Earnings Per Share $2.34
Diluted Earnings Per Share $1.83 $2.33
COMMON SHARES
Basic Shares Outstanding 316.8M shares 318.2M shares
Diluted Shares Outstanding 318.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.291B $1.645B
YoY Change -0.69% 18.43%
Cash & Equivalents $1.300B $1.645B
Short-Term Investments $26.00M
Other Short-Term Assets $3.852B $612.0M
YoY Change 105.66% -78.06%
Inventory
Prepaid Expenses
Receivables $2.826B $2.547B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.143B $4.804B
YoY Change -9.25% 14.98%
LONG-TERM ASSETS
Property, Plant & Equipment $258.0M $254.0M
YoY Change -13.13% -16.72%
Goodwill $34.85B $34.79B
YoY Change 0.88% 0.83%
Intangibles $17.40B $17.64B
YoY Change -4.96% -9.68%
Long-Term Investments $1.787B $1.791B
YoY Change 2.0% -5.19%
Other Assets $536.0M $900.0M
YoY Change -4.63% -6.54%
Total Long-Term Assets $55.45B $55.76B
YoY Change -1.2% -3.26%
TOTAL ASSETS
Total Short-Term Assets $5.143B $4.804B
Total Long-Term Assets $55.45B $55.76B
Total Assets $60.59B $60.56B
YoY Change -1.93% -2.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $557.0M $458.0M
YoY Change 23.78% 23.45%
Accrued Expenses $1.011B $763.0M
YoY Change 16.07% 17.57%
Deferred Revenue $3.461B $3.022B
YoY Change 10.72% 5.3%
Short-Term Debt $47.00M $0.00
YoY Change -100.0%
Long-Term Debt Due $47.00M $47.00M
YoY Change -79.2%
Total Short-Term Liabilities $6.125B $5.218B
YoY Change 2.1% 3.37%
LONG-TERM LIABILITIES
Long-Term Debt $11.41B $11.42B
YoY Change 6.36% 6.34%
Other Long-Term Liabilities $522.0M $507.0M
YoY Change 6.75% 13.93%
Total Long-Term Liabilities $11.93B $11.92B
YoY Change 6.37% 6.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.125B $5.218B
Total Long-Term Liabilities $11.93B $11.92B
Total Liabilities $22.49B $21.54B
YoY Change 2.04% 0.57%
SHAREHOLDERS EQUITY
Retained Earnings $18.73B $18.73B
YoY Change 5.31% 5.58%
Common Stock $44.65B $44.85B
YoY Change -0.43% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.20B $35.42B
YoY Change
Total Liabilities & Shareholders Equity $60.59B $60.56B
YoY Change -1.93% -2.03%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $579.0M $742.0M
YoY Change 33.72% 22.04%
Depreciation, Depletion And Amortization $290.0M $22.00M
YoY Change 5.45% -29.03%
Cash From Operating Activities $1.334B $1.013B
YoY Change 19.86% 24.45%
INVESTING ACTIVITIES
Capital Expenditures $48.00M $36.00M
YoY Change 71.43% -271.43%
Acquisitions
YoY Change
Other Investing Activities $3.000M -$13.00M
YoY Change -109.09% -62.86%
Cash From Investing Activities -$45.00M -$49.00M
YoY Change -26.23% -12.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.678B -855.0M
YoY Change 40.07% -70.1%
NET CHANGE
Cash From Operating Activities 1.334B 1.013B
Cash From Investing Activities -45.00M -49.00M
Cash From Financing Activities -1.678B -855.0M
Net Change In Cash -389.0M 109.0M
YoY Change 166.44% -105.19%
FREE CASH FLOW
Cash From Operating Activities $1.334B $1.013B
Capital Expenditures $48.00M $36.00M
Free Cash Flow $1.286B $977.0M
YoY Change 18.53% 17.01%

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spgi Interest In Joint Venture Minimum Percentage
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spgi Business Acquisition Agreement Terms Change Of Control Put Option For Minority Interest Ownership Effective Period
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Minority Interest Change In Redemption Value
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2022Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
319400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Operating Income Loss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
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spgi Lessee Operating Lease Period Of Options To Terminate Lease
LesseeOperatingLeasePeriodOfOptionsToTerminateLease
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CY2023Q3 us-gaap Operating Lease Impairment Loss
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us-gaap Operating Lease Impairment Loss
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CY2022Q3 us-gaap Operating Lease Impairment Loss
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us-gaap Operating Lease Impairment Loss
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q3 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q3 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q3 us-gaap Operating Lease Cost
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CY2022Q3 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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CY2023Q3 us-gaap Sublease Income
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4000000 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
1000000 usd
us-gaap Sublease Income
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us-gaap Sublease Income
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CY2023Q3 us-gaap Lease Cost
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28000000 usd
CY2022Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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CY2023Q3 us-gaap Operating Lease Payments
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CY2022Q3 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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CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0333
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0317
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
35000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
121000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
106000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
99000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
93000000 usd
CY2023Q3 spgi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
283000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
737000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
86000000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
651000000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
spgi-20230930_cal.xml Edgar Link unprocessable
spgi-20230930_pre.xml Edgar Link unprocessable
0000064040-23-000193-index-headers.html Edgar Link pending
0000064040-23-000193-index.html Edgar Link pending
0000064040-23-000193.txt Edgar Link pending
0000064040-23-000193-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
spgi-20230930.htm Edgar Link pending
spgi-20230930.xsd Edgar Link pending
spgi-20230930_g1.jpg Edgar Link pending
spgi-20230930_g2.jpg Edgar Link pending
spgi-20230930_g3.jpg Edgar Link pending
spgi-ex15x2023930q3.htm Edgar Link pending
spgi-ex311x2023930q3.htm Edgar Link pending
spgi-ex312x2023930q3.htm Edgar Link pending
spgi-ex32x2023930q3.htm Edgar Link pending
spgi-20230930_def.xml Edgar Link unprocessable
spgi-20230930_lab.xml Edgar Link unprocessable
spgi-20230930_htm.xml Edgar Link completed