← S&P Global Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.1b
$1.5b -28.96%
$2.0b +30.88%
$2.1b +8.43%
$2.3b +10.17%
$3.0b +29.29%
$3.2b +7.41%
$2.6b -19.15%
$3.9b +46.69%
$4.5b +16.07%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $2.2b $1.6b $2.1b $2.3b $2.5b $3.3b $3.5b $2.9b $4.2b $4.8b —
Depreciation, Depletion and Amortization $181.0m $180.0m $206.0m $204.0m $206.0m $178.0m $1.0b $1.1b $1.2b $1.2b $1.2b
Amortization of Intangible Assets $96.0m $98.0m $122.0m $122.0m $123.0m $96.0m $905.0m $1.0b $1.1b $1.1b —
Depreciation $85.0m $82.0m $84.0m $82.0m $83.0m $82.0m $108.0m $101.0m $96.0m $110.0m $123.0m
Amortization Cash Flow — — — — — — $905.0m $1.0b $1.1b $1.1b —
Amortization Of Intangibles — — — — — — $905.0m $1.0b $1.1b $1.1b $1.1b
Depreciation Amortization Depletion — — — — — — $1.0b $1.1b $1.2b $1.2b $1.2b
Deferred Income Tax Expense (Benefit) $79.0m $0 $81.0m $46.0m ($31.0m) $13.0m ($353.0m) ($381.0m) ($323.0m) ($242.0m) ($218.0m)
Deferred Tax — — — — — — ($353.0m) ($381.0m) ($323.0m) ($242.0m) ($218.0m)
Share-based Payment Arrangement, Noncash Expense $76.0m $99.0m $94.0m $78.0m $90.0m $122.0m $214.0m $171.0m $247.0m $236.0m $239.0m
Payment, Tax Withholding, Share-based Payment Arrangement $55.0m — $66.0m $66.0m $61.0m $56.0m $110.0m $112.0m — — —
Share-based Payment Arrangement, Expense $76.0m $99.0m $94.0m $78.0m $90.0m $122.0m $214.0m $171.0m $247.0m $236.0m $239.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $132.0m
Impairment of Intangible Assets, Finite-lived $24.0m $24.0m — — — — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Operating Lease, Impairment Loss — — — — $120.0m $31.0m $132.0m $26.0m $3.0m $3.0m —
Asset Impairment Charge — — — — — $31.0m $132.0m — — — $132.0m
Income (Loss) from Equity Method Investments — — — — ($1.0m) $17.0m $27.0m $36.0m $43.0m $28.0m —
Other Nonoperating Income (Expense) — — $25.0m ($98.0m) $31.0m $62.0m $70.0m ($15.0m) $25.0m $36.0m —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($238.0m) ($460.0m) $235.0m ($432.0m) ($559.0m)
Increase (Decrease) in Accounts Receivable $177.0m $196.0m $164.0m $135.0m ($18.0m) $144.0m ($36.0m) $291.0m $79.0m $600.0m ($591.0m)
Change In Receivables — — — — — — $36.0m ($291.0m) ($79.0m) ($600.0m) ($591.0m)
Changes In Account Receivables — — — — — — $36.0m ($291.0m) ($79.0m) ($600.0m) ($591.0m)
Change In Other Current Liabilities — — — — — — ($166.0m) ($277.0m) ($418.0m) ($81.0m) ($64.0m)
Net Cash Provided by (Used in) Operating Activities $1.5b
$2.0b +37.70%
$2.1b +2.38%
$2.8b +34.50%
$3.6b +28.49%
$3.6b +0.87%
$2.6b -27.65%
$3.7b +42.53%
$5.7b +53.34%
$5.7b -0.67%
$5.7b +1.38%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($89.0m) ($143.0m) ($124.0m) ($195.0m) ($156.0m)
Gain (Loss) on Investments — — — — — — $59.0m ($15.0m) $1.0m $14.0m —
Payments to Acquire Businesses, Net of Cash Acquired $177.0m $83.0m — — — $99.0m ($210.0m) $296.0m $305.0m $2.0b ($2.0b)
Net Cash Provided by (Used in) Investing Activities $1.2b ($209.0m) ($513.0m) ($131.0m) ($240.0m) ($120.0m) $3.6b $562.0m ($255.0m) ($704.0m) ($321.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — — — — ($279.0m) $0 ($8.0m) $0 — — —
Issuance Of Debt — — — — — — $5.4b $744.0m $0 $993.0m $3.0b
Long Term Debt Issuance — — — — — — $5.4b $744.0m $0 $993.0m $3.0b
Long Term Debt Payments — — — — — — ($3.7b) $0 ($47.0m) ($4.0m) ($3.0m)
Net Issuance Payments Of Debt — — — — — — $1.7b $556.0m ($47.0m) $1.7b $3.8b
Net Long Term Debt Issuance — — — — — — $1.7b $744.0m ($47.0m) $989.0m $3.0b
Net Short Term Debt Issuance — — — — — — ($32.0m) ($188.0m) $0 $715.0m $825.0m
Repayment Of Debt — — — — — — ($3.7b) $0 ($47.0m) ($4.0m) ($3.0m)
Short Term Debt Payments — — — — — $0 ($32.0m) ($188.0m) $0 — $0
Payments for Repurchase of Common Stock $1.1b $1.0b $1.7b $1.2b $1.2b $0 $12.0b $3.3b $3.3b $5.0b —
Payments of Ordinary Dividends, Common Stock $380.0m $421.0m $503.0m $560.0m $645.0m $743.0m $1.0b $1.1b $1.1b $1.2b ($1.2b)
Common Stock Dividend Paid — — — — — — ($1.0b) ($1.1b) ($1.1b) ($1.2b) ($1.2b)
Common Stock Payments — — — — — — ($12.0b) ($3.3b) ($3.3b) ($5.0b) ($5.2b)
Net Common Stock Issuance — — — — — — ($12.0b) ($3.3b) ($3.3b) ($5.0b) ($5.2b)
Repurchase Of Capital Stock — — — — — — ($12.0b) ($3.3b) ($3.3b) ($5.0b) ($5.2b)
Cash Dividends Paid — — — — — — ($1.0b) ($1.1b) ($1.1b) ($1.2b) ($1.2b)
Net Other Financing Charges — — — — — — $37.0m ($388.0m) ($516.0m) ($463.0m) ($505.0m)
Net Cash Provided by (Used in) Financing Activities ($1.6b)
($1.5b) +5.81%
($2.3b) -51.82%
($1.8b) +23.47%
($2.2b) -23.70%
($1.0b) +53.23%
($11.3b) -1018.07%
($4.3b) +62.21%
($5.0b) -16.78%
($4.9b) +1.36%
($3.1b) +37.93%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($821.0m) $928.0m $1.2b $2.4b ($5.2b) $4.0m $375.0m $79.0m $4.2b
Beginning Cash Position — — — — — — $6.5b $1.3b $1.3b $1.7b $1.8b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $2.0b $2.9b $4.1b $6.5b $1.3b $1.3b $1.7b $1.7b $4.2b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($84.0m) $34.0m $75.0m ($82.0m) ($123.0m) $12.0m ($61.0m) $62.0m ($54.0m)
Effect Of Exchange Rate Changes — — — — — — ($123.0m) $12.0m ($61.0m) $62.0m ($54.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $150.0m $139.0m $151.0m $162.0m $159.0m $130.0m $240.0m $369.0m $391.0m $390.0m —
Income Taxes Paid, Net $683.0m $709.0m $558.0m $659.0m $683.0m $883.0m $1.6b $1.3b $1.2b $1.5b —
Additional Financial Items
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — — — — — $3.0m — — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $0 — — — — — — — — — —
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 — — — — — — — — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $1.1b $1.1b — $49.0m — — — — — — —
Gain (Loss) on Disposition of Business $1.1b $0 $0 $49.0m $16.0m $11.0m $1.9b ($70.0m) $59.0m $273.0m —
Goodwill $2.9b $3.0b $3.5b $3.6b $3.7b $3.5b $34.5b $34.9b $34.9b $36.5b $132.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $2.1b — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $2.2b — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — — —
Income Tax Expense (Benefit) $960.0m $823.0m $560.0m $627.0m $694.0m $901.0m $1.2b $778.0m $1.1b $1.4b —
Interest Expense Nonoperating — — — — — — — — $297.0m $287.0m —
Operating Expenses $3.4b $3.5b $3.5b $3.5b — — — — — — —
Pension Expense (Reversal of Expense), Noncash — — — $85.0m $2.0m $0 — — — — —
Proceeds from Noncontrolling Interests — — — — — — $410.0m $0 — — —
Proceeds from Stock Options Exercised $88.0m $75.0m $34.0m $40.0m $16.0m $13.0m $7.0m $13.0m $4.0m $0 —
Stock or Unit Option Plan Expense $7.0m $3.0m $5.0m $1.0m $0 $0 $0 $0 $0 $0 —
Cash Flow From Continuing Financing Activities — — — — — — ($11.3b) ($4.3b) ($5.0b) ($4.9b) ($3.1b)
Cash Flow From Continuing Investing Activities — — — — — — $3.6b $562.0m ($255.0m) ($704.0m) ($321.0m)
Change In Account Payable — — — — — — $43.0m $328.0m $245.0m ($55.0m) $66.0m
Change In Cash Supplemental As Reported — — — — — — ($5.2b) $4.0m $375.0m $79.0m —
Change In Other Working Capital — — — — — — $107.0m $265.0m $374.0m $172.0m ($73.0m)
Change In Payable — — — — — — $43.0m $328.0m $245.0m ($55.0m) $66.0m
Change In Prepaid Assets — — — — — — ($258.0m) ($485.0m) $113.0m $132.0m $103.0m
Changes In Cash — — — — — — ($5.1b) ($8.0m) $436.0m $17.0m $2.3b
End Cash Position — — — — — — $1.3b $1.3b $1.7b $1.7b $4.2b
Financing Cash Flow — — — — — — ($11.3b)
($4.3b) +62.21%
($5.0b) -16.78%
($4.9b) +1.36%
($3.1b) +37.93%
Free Cash Flow — — — — — — $2.5b $3.6b $5.6b $5.5b $5.6b
Gain Loss On Sale Of Business — — — — — — ($1.9b) $70.0m ($59.0m) ($273.0m) ($273.0m)
Investing Cash Flow — — — — — — $3.6b $562.0m ($255.0m) ($704.0m) ($321.0m)
Net Business Purchase And Sale — — — — — — $3.7b $718.0m ($137.0m) ($474.0m) ($129.0m)
Net Investment Purchase And Sale — — — — — — ($2.0m) ($13.0m) $6.0m ($35.0m) ($36.0m)
Operating Gains Losses — — — — — — ($1.9b) $70.0m ($59.0m) ($273.0m) ($456.0m)
Other Non Cash Items — — — — — — $319.0m $246.0m $206.0m $324.0m —
Proceeds From Stock Option Exercised — — — — — $13.0m $7.0m $13.0m — — $10.0m
Provisionand Write Offof Assets — — — — — — $24.0m $28.0m $43.0m $39.0m $49.0m
Purchase Of Business — — — — — ($99.0m) — ($296.0m) ($305.0m) ($2.0b) ($2.0b)
Sale Of Business — — — — — — $3.7b $1.0b $168.0m $1.5b $1.9b
Stock Based Compensation — — — — — — $214.0m $171.0m $247.0m $236.0m $239.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.