The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 4,820 | 4,167 | 2,893 | 3,522 |
| Depreciation | 110 | 96 | 101 | 108 |
| Amortization of intangibles | 1,069 | 1,077 | 1,042 | 905 |
| Provision for losses on accounts receivable | 39 | 43 | 28 | 24 |
| Deferred income taxes | -242 | -323 | -381 | -353 |
| Stock-based compensation | 236 | 247 | 171 | 214 |
| (gain) loss on dispositions, net | 273 | 59 | -70 | 1,898 |
| Loss on extinguishment of debt, net | - | - | - | -8 |
| Lease impairment charges | - | - | - | 132 |
| Other | - | - | - | -15 |
| Restructuring, lease impairment charges and other | 324 | 206 | 246 | - |
| Accounts receivable | 600 | 79 | 291 | -36 |
| Prepaid and other current assets | -32 | 79 | 310 | 123 |
| Accounts payable and accrued expenses | -55 | 245 | 328 | 43 |
| Unearned revenue | 327 | 222 | 352 | 37 |
| Other current liabilities | -81 | -418 | -277 | -2 |
| Net change in prepaid/accrued income taxes | 100 | 192 | -175 | -135 |
| Net change in other assets and liabilities | 155 | -152 | 87 | -70 |
| Cash provided by operating activities | 5,651 | 5,689 | 3,710 | 2,603 |
| Capital expenditures | 195 | 124 | 143 | 89 |
| Acquisitions, net of cash acquired | 2,023 | 305 | 296 | -210 |
| Proceeds from dispositions | 1,549 | 168 | 1,014 | 3,509 |
| Changes in short-term investments | 35 | -6 | 13 | 2 |
| Cash (used for) provided by investing activities | -704 | -255 | 562 | 3,628 |
| Payments on short-term debt, net | - | 0 | 188 | 32 |
| Additions to / (payments on) short-term debt, net | 715 | - | - | - |
| Proceeds from issuance of senior notes, net | 993 | 0 | 744 | 5,395 |
| Payments on senior notes | 4 | 47 | 0 | 3,698 |
| Dividends paid to shareholders | 1,170 | 1,134 | 1,147 | 1,024 |
| Distributions to noncontrolling interest holders | 321 | 287 | 280 | 270 |
| Proceeds from noncontrolling interest holders | - | 0 | 0 | 410 |
| Repurchase of treasury shares | 5,001 | 3,301 | 3,301 | 12,004 |
| Exercise of stock options | - | - | 13 | 7 |
| Contingent consideration payments | 10 | 107 | 9 | - |
| Employee withholding tax on share-based payments, excise tax payments on share repurchases and other | - | 122 | 112 | 110 |
| Employee withholding tax on share-based payments, excise tax payments on share repurchases, contingent consideration payments and other | 132 | - | - | - |
| Cash used for financing activities | -4,930 | -4,998 | -4,280 | -11,326 |
| Effect of exchange rate changes on cash | 62 | -61 | 12 | -123 |
| Net change in cash, cash equivalents, and restricted cash | 79 | 375 | 4 | -5,218 |
| Cash and cash equivalents at beginning of period | 1,666 | 1,291 | 1,287 | 6,505 |
| Cash and cash equivalents at end of period | 1,745 | 1,666 | 1,291 | 1,287 |
S&P Global Inc. (SPGI)
S&P Global Inc. (SPGI)