S&P Global Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>S&P Global Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

S&P Global Inc. (SPGI) filed a Annual Report (10-K) with the SEC on February 9, 2024. S&P Global Inc. filed its 2023 Form 10-K on February 9, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 55 Water Street, New York, NY 10041. S&P Global Inc. was formerly known as McGraw Hill Financial Inc. and McGraw-Hill Companies Inc. The company's Standard Industrial Classification code is 7320 (Services-Consumer Credit Reporting, Collection Agencies).

Why It Matters

For investors and stakeholders tracking S&P Global Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of S&P Global's financial health, operational strategies, and risk factors for the past fiscal year, crucial for investors and stakeholders to assess the company's current standing and future prospects. As a key player in financial information and analytics, S&P Global's annual report offers insights into the broader economic landscape and the performance of capital markets, influencing investment decisions and regulatory oversight.

Risk Assessment

Risk Level: medium — S&P Global Inc. shows moderate risk based on this filing. The company operates in highly regulated financial markets, and changes in regulations or compliance failures could materially impact its business and financial results.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand S&P Global's performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period covered by the report)
• 2024-02-09 — Filing Date (Date the 10-K was filed)
• 10-K — Form Type (Type of SEC filing)

Key Players & Entities

• S&P Global Inc. (company) — Filer name
• 2023 (date) — Fiscal year end
• February 9, 2024 (date) — Filing date
• 55 Water Street, New York, NY 10041 (address) — Business address
• McGraw Hill Financial Inc (company) — Former company name
• McGraw-Hill Companies Inc (company) — Former company name
• 7320 (industry_code) — Standard Industrial Classification

Forward-Looking Statements

• S&P Global will continue to maintain a stable capital structure in the near term. (S&P Global Inc.) — high confidence, target: 2024-12-31

FAQ

Risk Factors

• Regulatory Environment [medium — regulatory]: The company operates in a highly regulated industry, and changes in laws, regulations, or government policies could adversely affect its business.
• Market Competition [medium — market]: The company faces intense competition from other providers of financial information, analytics, and credit ratings.
• Cybersecurity and Data Privacy [medium — operational]: The company's operations are dependent on information technology systems, and a failure or breach of these systems could disrupt its business and harm its reputation.

Key Dates

• 2024-02-09: 10-K Filing — Submission of the annual report for the fiscal year 2023.

Key Financial Figures

• $1 — nge on which registered Common Stock — $1 par value SPGI New York Stock Exchange
• $400.89 — orted on the New York Stock Exchange of $400.89 per common share. For purposes of this

Filing Documents

• spgi-20231231.htm (10-K) — 3994KB
• exhibit1040-amendment1to40.htm (EX-10.40) — 20KB
• ex2112312023subsidiarylist1.htm (EX-21) — 198KB
• spgi-ex23x20231231xq4.htm (EX-23) — 9KB
• spgi-ex311x20231231xq4.htm (EX-31.1) — 10KB
• spgi-ex312x20231231xq4.htm (EX-31.2) — 9KB
• spgi-ex32x20231231xq4.htm (EX-32) — 6KB
• exhibit97-doddxfrankclawba.htm (EX-97) — 44KB
• spgi-20231231_g1.jpg (GRAPHIC) — 208KB
• spgi-20231231_g2.jpg (GRAPHIC) — 46KB
• spgi-20231231_g3.jpg (GRAPHIC) — 115KB
• spgi-20231231_g4.jpg (GRAPHIC) — 61KB
• spgi-20231231_g5.jpg (GRAPHIC) — 49KB
• 0000064040-24-000071.txt (&nbsp;) — 20301KB
• spgi-20231231.xsd (EX-101.SCH) — 94KB
• spgi-20231231_cal.xml (EX-101.CAL) — 151KB
• spgi-20231231_def.xml (EX-101.DEF) — 588KB
• spgi-20231231_lab.xml (EX-101.LAB) — 1373KB
• spgi-20231231_pre.xml (EX-101.PRE) — 943KB
• spgi-20231231_htm.xml (XML) — 3671KB

Signatures

Signatures 136 3 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This report contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this report and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things: worldwide economic, financial, political, and regulatory conditions (including slower GDP growth or recession, instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), geopolitical uncertainty (including military conflict), and conditions that may result from legislative, regulatory, trade and policy changes; the volatility and health of debt, equity, commodities, energy and automotive markets, including credit quality and spreads, the level of liquidity and future debt issuances, demand for investment products that track indices and assessments a

Business

Item 1. Business Overview S&P Global Inc. (together with its consolidated subsidiaries, "S&P Global," the "Company," the "Registrant," "we," "us" or "our") is a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; the commodity markets include producers, traders and intermediaries within energy, petrochemicals, metals & steel and agriculture; and the automotive markets include manufacturers, suppliers, dealerships, service shops and consumers. We serve our global customers through a broad range of products and services available through both third-party and proprietary distribution channels. We were incorporated in December of 1925 under the laws of the state of New York. Our Businesses Our operations consist of five businesses: S&P Global Market Intelligence ("Market Intelligence"), S&P Global Ratings ("Ratings"), S&P Global Commodity Insights ("Commodity Insights"), S&P Global Mobility ("Mobility") and S&P Dow Jones Indices ("Indices"). As of May 2, 2023, we completed the sale of Engineering Solutions ("Engineering Solutions"), a provider of engineering standards and related technical knowledge, and the results are included through that date. For a discussion on the competitive conditions and regulatory environment associated with our businesses, see "MD&A – Segment Review" contained in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations , in this Annual Report on Form 10-K. Market Intelligence Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. Market Intelligence's portfolio of capabilities are designed to help trading and investment professionals, government agencies, corporations and universities track performance, gen

View Full Filing

View this 10-K filing on SEC EDGAR