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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
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)2024202320242023
Operating revenues
Index$397,192 $362,316 $771,064 $701,698 
Analytics165,995 149,881 329,961 296,951 
ESG and Climate79,855 71,219 157,739 138,277 
All Other - Private Assets64,907 37,741 129,150 76,449 
Total$707,949 $621,157 $1,387,914 $1,213,375 
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)2024202320242023
Index Adjusted EBITDA$306,990 $277,070 $584,750 $530,752 
Analytics Adjusted EBITDA81,672 65,149 153,884 125,929 
ESG and Climate Adjusted EBITDA23,930 22,798 45,021 40,674 
All Other - Private Assets Adjusted EBITDA17,363 12,289 29,873 24,680 
Total reportable segment profitability
429,955 377,306 813,528 722,035 
Amortization of intangible assets40,773 26,154 79,377 50,821 
Depreciation and amortization of property, equipment and leasehold improvements4,226 5,199 8,307 10,659 
Acquisition-related integration and transaction costs(1)
2,348 — 3,854 — 
Operating income382,608 345,953 721,990 660,555 
Other expense (income), net42,614 38,795 86,103 77,025 
Provision for income taxes73,236 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.
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)2024202320242023
Operating revenues
Americas:
United States$290,443 $256,434 $571,118 $494,850 
Other32,986 27,574 63,345 55,110 
Total Americas323,429 284,008 634,463 549,960 
Europe, the Middle East and Africa ("EMEA"):
United Kingdom116,245 99,692 229,538 191,352 
Other157,278 139,851 308,962 278,170 
Total EMEA273,523 239,543 538,500 469,522 
Asia & Australia:    
Japan28,971 24,285 55,544 50,302 
Other82,026 73,321 159,407 143,591 
Total Asia & Australia110,997 97,606 214,951 193,893 
Total$707,949 $621,157 $1,387,914 $1,213,375 
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)20242023
Long-lived assets
Americas:
United States$241,727 $204,238 
Other9,621 11,585 
Total Americas251,348 215,823 
EMEA:
United Kingdom17,466 18,403 
Other21,527 22,072 
Total EMEA38,993 40,475 
Asia & Australia:
Japan985 1,321 
Other29,900 31,507 
Total Asia & Australia30,885 32,828 
Total$321,226 $289,126