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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue

The tables that follow present the disaggregated revenues for the periods indicated:

 

 

 

For the Three Months ended March 31, 2021

 

 

 

Segments

 

 

 

 

 

(in thousands)

 

Index

 

 

Analytics

 

 

ESG and Climate

 

 

All Other - Private Assets

 

 

Total

 

Revenue Types

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recurring subscriptions

 

$

155,117

 

 

$

131,672

 

 

$

34,140

 

 

$

16,803

 

 

$

337,732

 

Asset-based fees

 

 

126,706

 

 

 

 

 

 

 

 

 

 

 

 

126,706

 

Non-recurring

 

 

10,668

 

 

 

2,345

 

 

 

610

 

 

 

362

 

 

 

13,985

 

Total

 

$

292,491

 

 

$

134,017

 

 

$

34,750

 

 

$

17,165

 

 

$

478,423

 

 

 

 

 

For the Three Months ended March 31, 2020

 

 

 

Segments

 

 

 

 

 

(in thousands)

 

Index

 

 

Analytics

 

 

ESG and Climate

 

 

All Other - Private Assets

 

 

Total

 

Revenue Types

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recurring subscriptions

 

$

139,840

 

 

$

124,065

 

 

$

24,901

 

 

$

15,619

 

 

$

304,425

 

Asset-based fees

 

 

100,196

 

 

 

 

 

 

 

 

 

 

 

 

100,196

 

Non-recurring

 

 

9,220

 

 

 

1,443

 

 

 

332

 

 

 

1,164

 

 

 

12,159

 

Total

 

$

249,256

 

 

$

125,508

 

 

$

25,233

 

 

$

16,783

 

 

$

416,780

 

 

Schedule of Change in Accounts Receivable and Deferred Revenue

 

The tables that follow present the change in accounts receivable and in deferred revenue between the dates indicated:

 

 

 

Accounts receivable

 

 

Deferred revenue

 

 

 

(in thousands)

 

Opening (12/31/2020)

 

$

558,569

 

 

$

675,870

 

Closing (03/31/2021)

 

 

506,849

 

 

 

672,054

 

Increase/(decrease)

 

$

(51,720

)

 

$

(3,816

)

 

 

 

Accounts receivable

 

 

Deferred revenue

 

 

 

(in thousands)

 

Opening (12/31/2019)

 

$

499,268

 

 

$

574,656

 

Closing (03/31/2020)

 

 

481,990

 

 

 

574,472

 

Increase/(decrease)

 

$

(17,278

)

 

$

(184

)

 

Schedule of Remaining Performance Obligations The remaining performance obligations for contracts that have a duration of greater than one year and the periods in which they are expected to be recognized are as follows:

 

 

 

As of

 

 

 

March 31,

 

 

 

2021

 

 

 

(in thousands)

 

First 12-month period

 

$

337,369

 

Second 12-month period

 

 

195,485

 

Third 12-month period

 

 

59,023

 

Periods thereafter

 

 

19,339

 

Total

 

$

611,216