S&P Global Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>S&P Global Inc. has filed its Q1 2024 10-Q report.</b>

AI Summary

S&P Global Inc. (SPGI) filed a Quarterly Report (10-Q) with the SEC on April 25, 2024. S&P Global Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on December 31st. S&P Global Inc. is incorporated in New York. The company's principal business address is 55 Water Street, New York, NY 10041.

Why It Matters

For investors and stakeholders tracking S&P Global Inc., this filing contains several important signals. This filing provides investors and analysts with the latest financial performance and operational details of S&P Global Inc. for the first quarter of 2024. Understanding the 10-Q is crucial for assessing the company's financial health, strategic direction, and potential risks and opportunities moving forward.

Risk Assessment

Risk Level: — S&P Global Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant new risks beyond typical business operations.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand S&P Global's performance in Q1 2024 and its outlook.

Key Players & Entities

• S&P Global Inc. (company) — Filer of the 10-Q report.
• New York (location) — State of incorporation and business address.

FAQ

Industry Context

S&P Global operates in the financial information and analytics sector, providing key benchmarks, data, and research to global markets.

Regulatory Implications

The filing adheres to SEC regulations for quarterly reporting by public companies, ensuring transparency and standardized disclosure.

What Investors Should Do

1. Analyze the consolidated balance sheets for changes in assets, liabilities, and equity.
2. Examine the consolidated statements of operations for revenue trends and profitability.
3. Review the notes to the financial statements for any significant accounting policies or disclosures.

Key Dates

• 2024-03-31: End of Reporting Period — The period covered by the 10-Q filing.
• 2024-04-25: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, following the 10-K annual report.

Key Financial Figures

• $1.00 — ich registered Common stock (par value $1.00 per share) SPGI New York Stock Exchange

Filing Documents

• spgi-20240331.htm (10-Q) — 1662KB
• exhibit101toq1xformof2024p.htm (EX-10.1) — 92KB
• exhibit102toq12024xformof2.htm (EX-10.2) — 90KB
• exhibit103toq12024xformof2.htm (EX-10.3) — 76KB
• exhibit104-formof2024restr.htm (EX-10.4) — 72KB
• ex105toq12024xspdowjonesin.htm (EX-10.5) — 68KB
• ex106toq12024xspgimanageme.htm (EX-10.6) — 122KB
• spgi-ex15x2024331q1.htm (EX-15) — 9KB
• spgi-ex311x2024331q1.htm (EX-31.1) — 10KB
• spgi-ex312x2024331q1.htm (EX-31.2) — 10KB
• spgi-ex32x2024331q1.htm (EX-32) — 6KB
• spgi-20240331_g1.jpg (GRAPHIC) — 102KB
• spgi-20240331_g2.jpg (GRAPHIC) — 62KB
• spgi-20240331_g3.jpg (GRAPHIC) — 47KB
• 0000064040-24-000125.txt (&nbsp;) — 9748KB
• spgi-20240331.xsd (EX-101.SCH) — 52KB
• spgi-20240331_cal.xml (EX-101.CAL) — 83KB
• spgi-20240331_def.xml (EX-101.DEF) — 261KB
• spgi-20240331_lab.xml (EX-101.LAB) — 667KB
• spgi-20240331_pre.xml (EX-101.PRE) — 481KB
• spgi-20240331_htm.xml (XML) — 1467KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Report of Independent Registered Public Accounting Firm 3 Consolidated Statements of Income for the three months ended March 31, 2024 and 2023 4 Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023 5 Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 6 Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 7 Consolidated Statements of Equity for the three months ended March 31, 2024 and 2023 8 Notes to the Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 48

Controls and Procedures

Item 4. Controls and Procedures 48

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 49

Risk Factors

Item 1A. Risk Factors 49

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49

Other Information

Item 5. Other Information 49

Exhibits

Item 6. Exhibits 51

Signatures

Signatures 52 2 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of S&P Global Inc. Results of Review of Interim Financial Statements We have reviewed the accompanying consolidated balance sheet of S&P Global Inc. and subsidiaries (the Company) as of March 31, 2024, the related consolidated statements of income, comprehensive income, and equity for the three-month periods ended March 31, 2024 and 2023, the related consolidated statements of cash flows for the three-month periods ended March 31, 2024 and 2023, and the related notes (collectively referred to as the "consolidated interim financial statements"). Based on our reviews, we are not aware of any material modifications that should be made to the consolidated interim financial statements for them to be in conformity with U.S. generally accepted accounting principles. We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheet of the Company as of December 31, 2023, the related consolidated statements of income, comprehensive income, equity and cash flows for the year then ended, and the related notes and schedule (not presented herein); and in our report dated February 8, 2024, we expressed an unqualified audit opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying consolidated balance sheet as of December 31, 2023, is fairly stated, in all material respects, in relation to the consolidated balance sheet from which it has been derived. Basis for Review Results These financial statements are the responsibility of the Company's management. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the SEC and the PCAOB. We conduc

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements S&P Global Inc. Consolidated Statements of Income (Unaudited) (in millions, except per share amounts) Three Months Ended March 31, 2024 2023 Revenue $ 3,491 $ 3,160 Expenses: Operating-related expenses 1,120 1,088 Selling and general expenses 705 705 Depreciation 23 25 Amortization of intangibles 264 262 Total expenses 2,112 2,080 Gain on disposition — ( 50 ) Equity in income on unconsolidated subsidiaries ( 6 ) ( 14 ) Operating profit 1,385 1,144 Other (income) expense, net ( 9 ) 11 Interest expense, net 78 85 Income before taxes on income 1,316 1,048 Provision for taxes on income 248 188 Net income 1,068 860 Less: net income attributable to noncontrolling interests ( 77 ) ( 65 ) Net income attributable to S&P Global Inc. $ 991 $ 795 Earnings per share attributable to S&P Global Inc. common shareholders: Net income: Basic $ 3.16 $ 2.47 Diluted $ 3.16 $ 2.47 Weighted-average number of common shares outstanding: Basic 313.6 321.3 Diluted 314.0 322.1 Actual shares outstanding at period end 313.1 320.8 See accompanying notes to the unaudited consolidated financial statements. 4 S&P Global Inc. Consolidated Statements of Comprehensive Income (Unaudited) (in millions) Three Months Ended March 31, 2024 2023 Net income $ 1,068 $ 860 Other comprehensive income: Foreign currency translation adjustments ( 71 ) 42 Income tax effect ( 8 ) 3 ( 79 ) 45 Pension and other postretirement benefit plans 1 1 Income tax effect — — 1 1 Unrealized gain on cash flow hedges 21 ( 27 ) Income tax effect ( 5 ) 6 16 ( 21 ) Comprehensive income 1,006 885 Less: comprehensive income attributable to nonredeemable noncontrolling interests ( 7 ) ( 4 ) Less: comprehensive income attributable to redeemable noncontrolling interests ( 70 ) ( 61 ) Comprehensive income attributable to S&P Global Inc. $ 929 $ 820 See accompanying notes to the unaudited consolidated financial statements. 5 S&P Globa

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