S&P Global Inc. (SPGI) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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S&P Global Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $3,200,000,000.00Amortization of intangibles → Operating adjustments reconciliation: $803,000,000.00Net change in prepaid/accrued income taxes → Operating adjustments reconciliation: $314,000,000.00Net change in other assets and liabilities → Operating adjustments reconciliation: $221,000,000.00Accounts receivable → Operating adjustments reconciliation: $188,000,000.00Stock-based compensation → Operating adjustments reconciliation: $177,000,000.00Depreciation → Operating adjustments reconciliation: $70,000,000.00Provision for losses on accounts receivable → Operating adjustments reconciliation: $36,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $749,000,000.00Operating adjustments reconciliation → Other current liabilities: $399,000,000.00Operating adjustments reconciliation → Deferred income taxes: $271,000,000.00Operating adjustments reconciliation → Unearned revenue: $209,000,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $131,000,000.00Operating adjustments reconciliation → (Gain) loss on dispositions, net: $21,000,000.00Operating adjustments reconciliation → Other: $15,000,000.00Operating adjustments reconciliation → Prepaid and other current assets: $14,000,000.00Proceeds from dispositions, net → investing reconciliation: $94,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $264,000,000.00investing reconciliation → Capital expenditures: $91,000,000.00investing reconciliation → Changes in short-term investments: $1,000,000.00Net cash used in financing activities → financing reconciliation: $3,280,000,000.00financing reconciliation → Repurchase of treasury shares: $2,001,000,000.00financing reconciliation → Dividends paid to shareholders: $854,000,000.00financing reconciliation → Distributions to noncontrolling interest holders, net: $213,000,000.00financing reconciliation → Contingent consideration payments: $107,000,000.00financing reconciliation → Employee withholding tax on share-based payments and other: $58,000,000.00financing reconciliation → Payments on senior notes: $47,000,000.00Net cash used in investing activities → investing reconciliation: $262,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,291,000,000.00Net cash from operating activities → Cash sources and uses: $3,949,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,697,000,000.00Cash sources and uses → Net cash used in investing activities: $262,000,000.00Cash sources and uses → Net cash used in financing activities: $3,280,000,000.00Unearned revenue: -$209,000,000.00Deferred revenue−$209.00 MNet change in other assets and liabilities: $221,000,000.00Other noncurrent items+$221.00 MAccounts receivable: $188,000,000.00Accounts receivable+$188.00 MProvision for losses on accounts receivable: $36,000,000.00Credit loss provision+$36.00 MOther current liabilities: -$399,000,000.00Other current liabilities−$399.00 MAmortization of intangibles: $803,000,000.00Intangible amortization+$803.00 MDepreciation: $70,000,000.00Depreciation expense+$70.00 MNet change in prepaid/accrued income taxes: $314,000,000.00Income taxes payable+$314.00 MAccounts payable and accrued expenses: -$131,000,000.00Payables & accrued liabilities−$131.00 MOther: -$15,000,000.00Other non-cash items−$15.00 MNet income: $3,200,000,000.00Net income+$3.20 BDeferred income taxes: -$271,000,000.00Deferred income taxes−$271.00 M(Gain) loss on dispositions, net: -$21,000,000.00Business sale gain & loss−$21.00 MStock-based compensation: $177,000,000.00Stock-based compensation+$177.00 MPrepaid and other current assets: -$14,000,000.00Other current assets−$14.00 MNet cash from operating activities: $3,949,000,000.00Operating cash+$3.95 BOperating adjustments reconciliation: $1,809,000,000.00Distributions to noncontrolling interest holders, net: -$213,000,000.00Noncontrolling dividends−$213.00 MRepurchase of treasury shares: -$2,001,000,000.00Common stock repurchases−$2.00 BPayments on short-term debt, net: $0.00Employee withholding tax on share-based payments and other: -$58,000,000.00Stock-award tax withholding−$58.00 MDividends paid to shareholders: -$854,000,000.00Common dividends paid−$854.00 MContingent consideration payments: -$107,000,000.00Contingent consideration paid−$107.00 MPayments on senior notes: -$47,000,000.00Senior debt repaid−$47.00 MProceeds from issuance of senior notes, net: $0.00Net cash used in financing activities: -$3,280,000,000.00. Cash required to fund net payments.Financing cash−$3.28 Bfinancing reconciliation: $3,280,000,000.00Changes in short-term investments: -$1,000,000.00Short-term investments, net−$1.00 MCapital expenditures: -$91,000,000.00Capital expenditures−$91.00 MAcquisitions, net of cash acquired: -$264,000,000.00Acquisitions, net of cash−$264.00 MProceeds from dispositions, net: $94,000,000.00Business sales, net of cash+$94.00 MNet cash used in investing activities: -$262,000,000.00. Cash required to fund net payments.Investing cash−$262.00 Minvesting reconciliation: $356,000,000.00Cash sources and uses: $5,240,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,291,000,000.00Beginning cash$1.29 BEnding cash: Cash, cash equivalents, and restricted cash: $1,697,000,000.00Ending cash$1.70 BExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$3.86 BOperating cash − cash spent on productive assetsCash flow / Net income1.23×Operating cash flow ÷ net incomeNet cash change+$406.00 MEnding cash − beginning cash
Chart details

S&P Global Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
1,291,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,949,000,000 US dollars. Net cash provided.
Unearned revenue
negative 209,000,000 US dollars
Net change in other assets and liabilities
221,000,000 US dollars
Accounts receivable
188,000,000 US dollars
Provision for losses on accounts receivable
36,000,000 US dollars
Other current liabilities
negative 399,000,000 US dollars
Amortization of intangibles
803,000,000 US dollars
Depreciation
70,000,000 US dollars
Net change in prepaid/accrued income taxes
314,000,000 US dollars
Accounts payable and accrued expenses
negative 131,000,000 US dollars
Other
negative 15,000,000 US dollars
Net income
3,200,000,000 US dollars
Deferred income taxes
negative 271,000,000 US dollars
(Gain) loss on dispositions, net
negative 21,000,000 US dollars
Stock-based compensation
177,000,000 US dollars
Prepaid and other current assets
negative 14,000,000 US dollars
Investing activities
negative 262,000,000 US dollars. Net cash used.
Changes in short-term investments
negative 1,000,000 US dollars
Capital expenditures
negative 91,000,000 US dollars
Acquisitions, net of cash acquired
negative 264,000,000 US dollars
Proceeds from dispositions, net
94,000,000 US dollars
Financing activities
negative 3,280,000,000 US dollars. Net cash used.
Distributions to noncontrolling interest holders, net
negative 213,000,000 US dollars
Repurchase of treasury shares
negative 2,001,000,000 US dollars
Payments on short-term debt, net
0 US dollars
Employee withholding tax on share-based payments and other
negative 58,000,000 US dollars
Dividends paid to shareholders
negative 854,000,000 US dollars
Contingent consideration payments
negative 107,000,000 US dollars
Payments on senior notes
negative 47,000,000 US dollars
Proceeds from issuance of senior notes, net
0 US dollars
Operating adjustment reconciliation
1,809,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,280,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
356,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,000,000 US dollars
Ending cash on Sep 30, 2024
1,697,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
5,240,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
406,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.23×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,949,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
91,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,858,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $749.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 3,949,000,000 US dollars minus 91,000,000 US dollars equals 3,858,000,000 US dollars.
S&P Global Inc. (SPGI) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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