MSCI Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	511.67	405.85	457.82	993.2	1,421
Cash & Short-Term Investments	511.67	405.85	457.82	993.2	1,421
Cash Growth	26.07%	-11.35%	-53.91%	-30.13%	9.30%
Receivables	986.71	820.71	839.56	663.24	664.51
Prepaid Expenses	72.24	65.8	57.9	54.52	51.5
Restricted Cash	3.67	3.5	3.88	0.37	-
Other Current Assets	70.48	48.16	59	36.65	5.95
Total Current Assets	1,645	1,344	1,418	1,748	2,143
Property, Plant & Equipment	200.17	190.32	171.16	180.44	211.3
Long-Term Investments	-	-	-	214.39	218.76
Goodwill	2,923	2,915	2,888	2,230	2,236
Other Intangible Assets	832.51	907.61	956.23	558.52	593.34
Long-Term Deferred Tax Assets	45.88	40.63	41.07	29.21	40.12
Long-Term Deferred Charges	4.4	-	-	-	-
Other Long-Term Assets	51.37	47.69	43.9	37.34	63.39
Total Assets	5,702	5,445	5,518	4,998	5,507
Accounts Payable	15.34	14.52	9.81	15.04	13.45
Accrued Expenses	470.01	409.73	387.74	335.83	352.94
Current Portion of Long-Term Debt	-	-	10.9	8.71	-
Current Portion of Leases	28.59	-	-	-	-
Current Income Taxes Payable	74.4	37.99	24.71	8.06	59.64
Current Unearned Revenue	1,232	1,123	1,084	882.89	824.91
Other Current Liabilities	9.6	-	-	-	-
Total Current Liabilities	1,830	1,586	1,517	1,251	1,251
Long-Term Debt	6,202	4,511	4,497	4,503	4,161
Long-Term Leases	107.53	121.15	120.13	131.58	150.03
Long-Term Unearned Revenue	34	32.2	28.8	29.4	23.4
Pension & Post-Retirement Benefits	40.1	37.3	31.9	20.1	34.5
Long-Term Deferred Tax Liabilities	101.64	47.62	27.03	29.1	3.65
Other Long-Term Liabilities	41.73	50.69	36.27	41.53	46.23
Total Liabilities	8,357	6,385	6,258	6,005	5,670
Common Stock	1.34	1.34	1.34	1.34	1.33
Additional Paid-In Capital	1,803	1,684	1,588	1,516	1,458
Retained Earnings	5,428	4,780	4,180	3,473	2,977
Treasury Stock	-9,834	-7,334	-6,447	-5,938	-4,540
Comprehensive Income & Other	-51.57	-71.04	-61.35	-60.21	-58.8
Shareholders' Equity	-2,655	-940	-739.76	-1,008	-163.47
Total Liabilities & Equity	5,702	5,445	5,518	4,998	5,507
Total Debt	6,338	4,632	4,628	4,644	4,311
Net Cash (Debt)	-5,827	-4,226	-4,170	-3,650	-2,890
Net Cash Per Share	-76.03	-53.52	-52.23	-44.95	-34.62
Filing Date Shares Outstanding	73.47	77.65	79.09	79.96	81.27
Total Common Shares Outstanding	73.56	77.74	79.09	79.96	82.44
Working Capital	-184.94	-241.63	-98.87	497.45	892.47
Book Value Per Share	-36.09	-12.09	-9.35	-12.61	-1.98
Tangible Book Value	-6,410	-4,763	-4,584	-3,796	-2,993
Tangible Book Value Per Share	-87.14	-61.26	-57.95	-47.48	-36.31
Machinery	208.87	192.84	208.18	195.79	193.75
Construction In Progress	5.78	1.54	0.9	2.37	2.7
Leasehold Improvements	53.65	56.41	58.58	54.04	56.31

Source: S&P Global Market Intelligence. Standard template. Financial Sources.