MSCI Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.20B | $1.11B | $1.15B | $870.6M | $726.0M | $601.8M | $563.6M | $507.9M |
| Depreciation & Amortization | $23.4M | $17.0M | $21.0M | $26.9M | $28.9M | $29.8M | $30.0M | $31.3M |
| Depreciation | $23.4M | $17.0M | $21.0M | $26.9M | $28.9M | $29.8M | $30.0M | $31.3M |
| Amortization | $169.5M | $164.0M | $114.4M | $91.1M | $80.6M | $56.9M | $49.4M | $54.2M |
| Stock-Based Compensation | $111.3M | $95.2M | $71.7M | $58.1M | $54.9M | $51.1M | $41.2M | $38.9M |
| Net Cash from Operating Activities | $1.59B | $1.50B | $1.24B | $1.10B | $936.1M | $811.1M | $709.5M | $612.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $39.3M | $33.8M | $22.8M | $13.6M | $13.5M | $21.8M | $29.1M | $30.3M |
| Business Acquisitions | $0 | $27.5M | $727.3M | $0 | $949.0M | $0 | $18.2M | — |
| Net Cash from Investing Activities | $-130.1M | $-144.3M | $-819.4M | $-79.3M | $-1.04B | $-241.8M | $-71.9M | $34.9M |
| Financing Activities | ||||||||
| Dividends Paid | $556.5M | $509.1M | $441.0M | $372.9M | $302.4M | $246.4M | $222.9M | $171.0M |
| Stock Repurchases | $2.48B | $885.3M | $504.2M | $1.40B | $198.4M | $778.5M | $292.1M | $949.9M |
| Net Cash from Financing Activities | $-1.36B | $-1.40B | $-953.9M | $-1.43B | $229.5M | $-779.0M | $-36.7M | $-626.5M |
| Net Change in Cash | $106.0M | $-52.3M | $-531.9M | $-427.9M | $120.9M | $-206.0M | $602.4M | $14.7M |
| Free Cash Flow | $1.55B | $1.47B | $1.21B | $1.08B | $922.6M | $789.3M | $680.4M | $582.5M |