S&P Global Inc.
For the period ended Mar 31, 2026. Filed Apr 28, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 28, 2026
SPGI$473.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows for the
Consolidated Statements of Cash Flows
| (in millions) | Three Months Ended | |
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Operating Activities: | ||
| Net income | $1,504 | $1,171 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation | 31 | 25 |
| Amortization of intangibles | 276 | 268 |
| Provision for losses on accounts receivable | 15 | 8 |
| Deferred income taxes | (50) | (63) |
| Stock-based compensation | 39 | 47 |
| Gain on dispositions | (175) | — |
| Other | 6 | 61 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | ||
| Accounts receivable | (131) | (222) |
| Prepaid and other current assets | 1 | 12 |
| Accounts payable and accrued expenses | (646) | (678) |
| Unearned revenue | (76) | 181 |
| Other current liabilities | (29) | (58) |
| Net change in prepaid/accrued income taxes | 314 | 225 |
| Net change in other assets and liabilities | (42) | (24) |
| Cash provided by operating activities | 1,037 | 953 |
| Investing Activities: | ||
| Capital expenditures | (27) | (43) |
| Acquisitions, net of cash acquired | (12) | (13) |
| Proceeds from dispositions, net | 345 | — |
| Changes in short-term investments | (15) | (23) |
| Cash provided by (used for) investing activities | 291 | (79) |
| Financing Activities: | ||
| Additions to short-term debt, net | 236 | — |
| Payments on senior notes | (3) | (4) |
| Dividends paid to shareholders | (288) | (295) |
| Distributions to noncontrolling interest holders | (91) | (94) |
| Repurchase of treasury shares | (1,000) | (650) |
| Employee withholding tax on share-based payments, contingent consideration payments and other | (91) | (60) |
| Cash used for financing activities | (1,237) | (1,103) |
| Effect of exchange rate changes on cash | (26) | 32 |
| Net change in cash, cash equivalents, and restricted cash | 65 | (197) |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,745 | 1,666 |
| Cash, cash equivalents, and restricted cash at end of period | $1,810 | $1,469 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.