MSCI Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.11B | $1.08B | $996.7M | $913.4M | $797.1M | $900.9M | $662.9M |
| Recurring Subscription | $933.2M | $846.5M | — | — | — | $629.5M | — | — |
| Asset-Based Fees | $299.7M | $229.4M | — | — | — | $138.6M | — | — |
| Non-Recurring | $42.0M | $38.9M | — | — | — | $29.0M | — | — |
| Cost of Revenue | $273.7M | $252.1M | $267.7M | $276.6M | $240.7M | — | — | — |
| Gross Profit | $1.00B | $862.7M | $807.3M | $720.1M | $672.7M | — | — | — |
| Gross Margin | 78.5% | 77.4% | 75.1% | 72.2% | 73.6% | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $75.8M | $75.2M | $77.3M | $71.1M | $61.0M | — | — | — |
| SG&A Expense | $87.8M | $87.2M | $86.0M | $279.4M | $232.4M | $211.9M | $213.0M | $190.2M |
| Operating Income | $579.8M | $488.1M | $403.9M | $337.2M | $340.3M | $318.2M | $322.0M | $206.1M |
| Operating Margin | 45.5% | 43.8% | 37.6% | 33.8% | 37.3% | 39.9% | 35.7% | 31.1% |
| Interest Expense | $116.1M | $101.7M | $62.4M | $31.8M | $26.3M | $56.4M | $55.8M | $51.3M |
| Pretax Income | $466.9M | $385.9M | $349.6M | $308.3M | $312.8M | $260.8M | $263.4M | $153.5M |
| Income Tax Expense | $162.9M | $125.1M | $119.5M | $109.4M | $112.9M | $96.0M | $90.0M | $61.3M |
| Net Income | $304.0M | $260.9M | $223.6M | $284.1M | $222.6M | $184.2M | $173.5M | $92.2M |
| Net Margin | 23.8% | 23.4% | 20.8% | 28.5% | 24.4% | 23.1% | 19.3% | 13.9% |
| EPS (Basic) | $3.36 | $2.72 | $2.05 | $2.45 | $1.85 | $1.50 | $1.43 | $0.82 |
| EPS (Diluted) | $3.31 | $2.70 | $2.03 | $2.43 | $1.83 | $1.48 | $1.41 | $0.81 |
| Shares Outstanding (Basic) | 90.3M | 96.0M | 109.1M | 115.7M | 120.1M | 122.0M | 120.7M | 112.1M |
| Shares Outstanding (Diluted) | 91.9M | 96.5M | 109.9M | 116.7M | 121.1M | 123.2M | 122.3M | 113.4M |
| Dividends Per Share | $1.32 | $1.00 | $0.80 | $0.18 | — | — | — | — |