S&P Global (SPGI) FY2022 results: revenue $11.2 billion, up 34.8% on the year
S&P Global Inc. (SPGI) reported revenue of $11.2 billion for fiscal 2022, the year ended 31 December 2022, up 34.8% on the year before. Net income was $3.2 billion, up 7.4%, and diluted earnings per share $10.20. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$11.2 billion
+34.8% on the year
FY2015FY2022
Operating margin
44.2%
50.9% a year earlier
FY2015FY2022
Net income
$3.2 billion
+7.4% on the year
FY2015FY2022
Diluted EPS
$10.20
-18.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,603
3,598
3,567
-27.7%
Capital expenditure
89.0
35.0
76.0
+154.3%
Free cash flow
2,514
3,563
3,491
-29.4%
Free cash flow margin
22.5%
42.9%
46.9%
Cash from investing
3,628
-120
-240
Cash from financing
-11,326
-1,013
-2,166
Depreciation and amortisation
1,013
178
206
+469.1%
Share-based compensation
214
122
90.0
+75.4%
Buybacks
12,004
0.0
1,164
Dividends paid
1,024
743
645
+37.8%
Dividend per share
$3.32
$3.08
$2.68
+7.8%
Diluted shares, weighted
318m
242m
242m
+31.7%
Shares outstanding at period end
322m
241m
241m
+33.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
36,388
2,032
509
+1,690.7%
Non-controlling interest
89.0
75.0
62.0
+18.7%
Redeemable equity
3,267
3,429
2,781
-4.7%
Debt
10,956
4,114
4,110
+166.3%
Operating lease liabilities
577
492
544
+17.3%
Other liabilities
10,507
4,884
4,531
+115.1%
Total liabilities and equity
61,784
15,026
12,537
+311.2%
Fixed assets
297
241
284
+23.2%
Goodwill
34,545
3,506
3,735
+885.3%
Intangible assets
18,306
1,285
1,352
+1,324.6%
Investments
14.0
11.0
9.0
+27.3%
Cash and equivalents
1,286
6,497
4,108
-80.2%
Receivables
2,494
1,650
1,593
+51.2%
Other assets
4,842
1,836
1,456
+163.7%
Total assets
61,784
15,026
12,537
+311.2%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.