S&P Global Inc.
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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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.
FY2024 · Filed Feb 11, 2025
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, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities: | |||
| Net income | $4,167 | $2,893 | $3,522 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 96 | 101 | 108 |
| Amortization of intangibles | 1,077 | 1,042 | 905 |
| Provision for losses on accounts receivable | 43 | 28 | 24 |
| Deferred income taxes | (323) | (381) | (353) |
| Stock-based compensation | 247 | 171 | 214 |
| (Gain) loss on dispositions, net | (59) | 70 | (1,898) |
| Restructuring, lease impairment charges and other | 206 | 246 | 319 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (79) | (291) | 36 |
| Prepaid and other current assets | (79) | (310) | (123) |
| Accounts payable and accrued expenses | 245 | 328 | 43 |
| Unearned revenue | 222 | 352 | 37 |
| Other current liabilities | (418) | (277) | (166) |
| Net change in prepaid/accrued income taxes | 192 | (175) | (135) |
| Net change in other assets and liabilities | 152 | (87) | 70 |
| Cash provided by operating activities | 5,689 | 3,710 | 2,603 |
| Investing Activities: | |||
| Capital expenditures | (124) | (143) | (89) |
| Acquisitions, net of cash acquired | (305) | (296) | 210 |
| Proceeds from dispositions | 168 | 1,014 | 3,509 |
| Changes in short-term investments | 6 | (13) | (2) |
| Cash (used for) provided by investing activities | (255) | 562 | 3,628 |
| Financing Activities: | |||
| Payments on short-term debt, net | — | (188) | (32) |
| Proceeds from issuance of senior notes, net | — | 744 | 5,395 |
| Payments on senior notes | (47) | — | (3,698) |
| Dividends paid to shareholders | (1,134) | (1,147) | (1,024) |
| Distributions to noncontrolling interest holders | (287) | (280) | (270) |
| Proceeds from noncontrolling interest holders | — | — | 410 |
| Repurchase of treasury shares | (3,301) | (3,301) | (12,004) |
| Contingent consideration payments | (107) | (9) | — |
| Employee withholding tax on share-based payments, excise tax payments on share repurchases and other | (122) | (99) | (103) |
| Cash used for financing activities | (4,998) | (4,280) | (11,326) |
| Effect of exchange rate changes on cash | (61) | 12 | (123) |
| Net change in cash, cash equivalents, and restricted cash | 375 | 4 | (5,218) |
| Cash, cash equivalents, and restricted cash at beginning of year | 1,291 | 1,287 | 6,505 |
| Cash, cash equivalents, and restricted cash at end of year | $1,666 | $1,291 | $1,287 |
| Cash paid during the year for: | |||
| Interest | $391 | $369 | $240 |
| Income taxes | $1,159 | $1,279 | $1,555 |
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