S&P Global Inc.
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
SPGI$473.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| (in millions) | Year Ended December 31, | ||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities: | |||
| Net income | $2,893 | $3,522 | $3,263 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 101 | 108 | 82 |
| Amortization of intangibles | 1,042 | 905 | 96 |
| Provision for losses on accounts receivable | 28 | 24 | 14 |
| Deferred income taxes | (381) | (353) | 13 |
| Stock-based compensation | 171 | 214 | 122 |
| Loss (gain) on dispositions | 70 | (1,898) | (11) |
| Restructuring, lease impairment charges and other | 246 | 319 | 89 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (291) | 36 | (144) |
| Prepaid and other current assets | (310) | (123) | (86) |
| Accounts payable and accrued expenses | 328 | 43 | 38 |
| Unearned revenue | 352 | 37 | 198 |
| Other current liabilities | (277) | (166) | (45) |
| Net change in prepaid/accrued income taxes | (175) | (135) | (36) |
| Net change in other assets and liabilities | (87) | 70 | 5 |
| Cash provided by operating activities | 3,710 | 2,603 | 3,598 |
| Investing Activities: | |||
| Capital expenditures | (143) | (89) | (35) |
| Acquisitions, net of cash acquired | (296) | 210 | (99) |
| Proceeds from dispositions | 1,014 | 3,509 | 16 |
| Changes in short-term investments | (13) | (2) | (2) |
| Cash provided by (used for) investing activities | 562 | 3,628 | (120) |
| Financing Activities: | |||
| Payments on short-term debt, net | (188) | (32) | — |
| Proceeds from issuance of senior notes, net | 744 | 5,395 | — |
| Payments on senior notes | — | (3,698) | — |
| Dividends paid to shareholders | (1,147) | (1,024) | (743) |
| Distributions to noncontrolling interest holders | (280) | (270) | (227) |
| Proceeds from noncontrolling interest holders | — | 410 | — |
| Repurchase of treasury shares | (3,301) | (12,004) | — |
| Exercise of stock options | 13 | 7 | 13 |
| Contingent consideration payment | (9) | — | — |
| Employee withholding tax on share-based payments | (112) | (110) | (56) |
| Cash used for financing activities | (4,280) | (11,326) | (1,013) |
| Effect of exchange rate changes on cash | 12 | (123) | (82) |
| Net change in cash, cash equivalents, and restricted cash | 4 | (5,218) | 2,383 |
| Cash, cash equivalents, and restricted cash at beginning of year | 1,287 | 6,505 | 4,122 |
| Cash, cash equivalents, and restricted cash at end of year | $1,291 | $1,287 | $6,505 |
| Cash paid during the year for: | |||
| Interest | $369 | $240 | $130 |
| Income taxes | $1,279 | $1,555 | $883 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.