S&P Global Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.47B | $3.85B | $2.63B | $3.25B | $3.02B | $2.34B | $2.12B | $1.96B |
| Depreciation & Amortization | $1.18B | $1.17B | $1.14B | $1.01B | $178.0M | $206.0M | $204.0M | $206.0M |
| Depreciation | $110.0M | $96.0M | $101.0M | $108.0M | $82.0M | $83.0M | $82.0M | $84.0M |
| Amortization | $1.07B | $1.08B | $1.04B | $905.0M | $96.0M | $123.0M | $122.0M | $122.0M |
| Stock-Based Compensation | $236.0M | $247.0M | $171.0M | $214.0M | $122.0M | $90.0M | $78.0M | $94.0M |
| Net Cash from Operating Activities | $5.65B | $5.69B | $3.71B | $2.60B | $3.60B | $3.57B | $2.78B | $2.06B |
| Investing Activities | ||||||||
| Capital Expenditures | $195.0M | $124.0M | $143.0M | $89.0M | $35.0M | $76.0M | $115.0M | $113.0M |
| Business Acquisitions | $2.02B | $305.0M | $296.0M | $-210.0M | $99.0M | $201.0M | $91.0M | — |
| Net Cash from Investing Activities | $-704.0M | $-255.0M | $562.0M | $3.63B | $-120.0M | $-240.0M | $-131.0M | $-513.0M |
| Financing Activities | ||||||||
| Dividends Paid | $1.17B | $1.13B | $1.15B | $1.02B | $743.0M | $645.0M | $560.0M | $503.0M |
| Stock Repurchases | $5.00B | $3.30B | $3.30B | $12.00B | $0 | $1.16B | $1.24B | $1.66B |
| Net Cash from Financing Activities | $-4.93B | $-5.00B | $-4.28B | $-11.33B | $-1.01B | $-2.17B | $-1.75B | $-2.29B |
| Net Change in Cash | $79.0M | $375.0M | $4.0M | $-5.22B | $2.38B | $1.24B | $928.0M | $-821.0M |
| Free Cash Flow | $5.46B | $5.57B | $3.57B | $2.51B | $3.56B | $3.49B | $2.66B | $1.95B |