S&P Global Inc. (SPGI)

S&P Global Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	5,153	4,820	4,167	2,893	3,522	3,263
Depreciation & Amortization	1,193	1,179	1,173	1,143	1,013	178
Stock-Based Compensation	228	236	247	171	214	122
Other Adjustments	-482	-152	-133	-37	-1,908	105
Change in Receivables	-509	-600	-79	-291	36	-144
Changes in Accounts Payable	-23	-55	245	328	43	38
Changes in Income Taxes Payable	189	100	192	-175	-135	-36
Changes in Unearned Revenue	70	327	222	352	37	198
Changes in Other Operating Activities	-204	-204	-345	-674	-219	-126
Operating Cash Flow	5,735	5,651	5,689	3,710	2,603	3,598
Operating Cash Flow Growth	0.72%	-0.67%	53.34%	42.53%	-27.65%	0.87%
Capital Expenditures	-179	-195	-124	-143	-89	-35
Payments for Business Acquisitions	-2,022	-2,023	-305	-296	210	-99
Proceeds from Business Divestments	364	-	-	-	3,509	16
Other Investing Activities	-27	-35	6	-13	-2	-2
Investing Cash Flow	-334	-704	-255	562	3,628	-120
Short-Term Debt Issued	236	715	-	-188	-32	-
Net Short-Term Debt Issued (Repaid)	236	715	-	-188	-32	-
Long-Term Debt Issued	-	993	-	744	5,395	-
Long-Term Debt Repaid	-3	-4	-47	-	-3,698	-
Net Long-Term Debt Issued (Repaid)	-3	989	-47	744	1,697	-
Issuance of Common Stock	-	-	-	-	-	13
Repurchase of Common Stock	-5,351	-5,001	-3,301	-3,301	-12,004	-
Net Common Stock Issued (Repurchased)	-5,351	-5,001	-3,301	-3,301	-12,004	13
Common Dividends Paid	-1,163	-1,170	-1,134	-1,147	-1,024	-743
Other Financing Activities	-450	-331	-394	-289	37	-283
Financing Cash Flow	-5,064	-4,930	-4,998	-4,280	-11,326	-1,013
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4	62	-61	12	-123	-82
Net Cash Flow	341	79	375	4	-5,218	2,383
Free Cash Flow	5,556	5,456	5,565	3,567	2,514	3,563
Free Cash Flow Growth	1.83%	-1.96%	56.01%	41.88%	-29.44%	2.06%
FCF Margin	35.32%	35.58%	39.17%	28.54%	22.48%	42.94%
Free Cash Flow Per Share	18.36	17.88	17.84	11.19	7.89	14.74
Levered Free Cash Flow	6,056	7,327	5,168	4,013	5,563	3,241
Unlevered Free Cash Flow	6,389	6,145	5,710	3,971	4,333	3,525

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q