SEGMENT INFORMATION (Tables)
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6 Months Ended |
Jun. 30, 2024 |
Segment Reporting [Abstract] |
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Schedule of Operating Revenues by Reportable Segment |
The following table presents operating revenues by reportable segment for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | Operating revenues | | | | | | | | | Index | | $ | 397,192 | | | $ | 362,316 | | | $ | 771,064 | | | $ | 701,698 | | Analytics | | 165,995 | | | 149,881 | | | 329,961 | | | 296,951 | | ESG and Climate | | 79,855 | | | 71,219 | | | 157,739 | | | 138,277 | | All Other - Private Assets | | 64,907 | | | 37,741 | | | 129,150 | | | 76,449 | | Total | | $ | 707,949 | | | $ | 621,157 | | | $ | 1,387,914 | | | $ | 1,213,375 | | | | | | | | | | |
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Schedule of Segment Profitability and Reconciliation to Net Income |
The following table presents segment profitability and a reconciliation to net income for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | Index Adjusted EBITDA | | $ | 306,990 | | | $ | 277,070 | | | $ | 584,750 | | | $ | 530,752 | | Analytics Adjusted EBITDA | | 81,672 | | | 65,149 | | | 153,884 | | | 125,929 | | ESG and Climate Adjusted EBITDA | | 23,930 | | | 22,798 | | | 45,021 | | | 40,674 | | All Other - Private Assets Adjusted EBITDA | | 17,363 | | | 12,289 | | | 29,873 | | | 24,680 | | Total reportable segment profitability | | 429,955 | | | 377,306 | | | 813,528 | | | 722,035 | | | | | | | | | | | Amortization of intangible assets | | 40,773 | | | 26,154 | | | 79,377 | | | 50,821 | | Depreciation and amortization of property, equipment and leasehold improvements | | 4,226 | | | 5,199 | | | 8,307 | | | 10,659 | | Acquisition-related integration and transaction costs(1) | | 2,348 | | | — | | | 3,854 | | | — | | Operating income | | 382,608 | | | 345,953 | | | 721,990 | | | 660,555 | | | | | | | | | | | Other expense (income), net | | 42,614 | | | 38,795 | | | 86,103 | | | 77,025 | | Provision for income taxes | | 73,236 | | | 60,333 | | | 113,175 | | | 97,977 | | Net income | | $ | 266,758 | | | $ | 246,825 | | | $ | 522,712 | | | $ | 485,553 | | | | | | | | | | |
___________________________ (1)Represents transaction expenses and other costs directly related to the acquisition and integration of acquired businesses, including professional fees, severance expenses, regulatory filing fees and other costs, in each case that are incurred no later than 12 months after the close of the relevant acquisition.
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Schedule of Operating Revenues by Geographic Area |
Operating revenues by geography are primarily based on the shipping address of the ultimate customer utilizing the product. The following table presents operating revenues by geographic area for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | Operating revenues | | | | | | | | | Americas: | | | | | | | | | United States | | $ | 290,443 | | | $ | 256,434 | | | $ | 571,118 | | | $ | 494,850 | | Other | | 32,986 | | | 27,574 | | | 63,345 | | | 55,110 | | Total Americas | | 323,429 | | | 284,008 | | | 634,463 | | | 549,960 | | | | | | | | | | | | | | | | | | | | Europe, the Middle East and Africa ("EMEA"): | | | | | | | | | United Kingdom | | 116,245 | | | 99,692 | | | 229,538 | | | 191,352 | | Other | | 157,278 | | | 139,851 | | | 308,962 | | | 278,170 | | Total EMEA | | 273,523 | | | 239,543 | | | 538,500 | | | 469,522 | | | | | | | | | | | | | | | | | | | | Asia & Australia: | | | | | | | | | Japan | | 28,971 | | | 24,285 | | | 55,544 | | | 50,302 | | Other | | 82,026 | | | 73,321 | | | 159,407 | | | 143,591 | | Total Asia & Australia | | 110,997 | | | 97,606 | | | 214,951 | | | 193,893 | | | | | | | | | | | | | | | | | | | | Total | | $ | 707,949 | | | $ | 621,157 | | | $ | 1,387,914 | | | $ | 1,213,375 | | | | | | | | | | |
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Schedule of Long-Lived Assets by Geographic Area |
Long-lived assets consist of property, equipment and leasehold improvements, right of use assets and internally developed capitalized software, net of accumulated depreciation and amortization. The following table presents long-lived assets by geographic area on the dates indicated: | | | | | | | | | | | | | | | | | As of | | | June 30, | | December 31, | (in thousands) | | 2024 | | 2023 | Long-lived assets | | | | | Americas: | | | | | United States | | $ | 241,727 | | | $ | 204,238 | | Other | | 9,621 | | | 11,585 | | Total Americas | | 251,348 | | | 215,823 | | | | | | | | | | | | EMEA: | | | | | United Kingdom | | 17,466 | | | 18,403 | | Other | | 21,527 | | | 22,072 | | Total EMEA | | 38,993 | | | 40,475 | | | | | | | | | | | | Asia & Australia: | | | | | Japan | | 985 | | | 1,321 | | Other | | 29,900 | | | 31,507 | | Total Asia & Australia | | 30,885 | | | 32,828 | | | | | | | | | | | | Total | | $ | 321,226 | | | $ | 289,126 | | | | | | |
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