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MSCI Inc. (MSCI)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    ESG and Climate   166.2111.490.7    
    Index   1,251.81,016.5920.9835.5719.0 559.0
    Analytics   544.3513.8496.9479.9458.3 433.4
    Other   81.353.749.3118.696.9 82.6
Total revenues  2,248.62,043.51,695.41,557.81,434.01,274.21,150.71,075.0
            Revenue growth   [+]10.0%20.5%8.8%8.6%12.5%10.7%7.0%7.9%
Cost of goods sold  0.0358.7291.7295.0287.3273.7252.1267.7
Gross profit  2,248.61,684.91,403.71,262.81,146.61,000.5898.6807.3
            Gross margin  100.0%82.4%82.8%81.1%80.0%78.5%78.1%75.1%
Selling, general and administrative   [+]411.4391.1331.1329.4292.8264.9253.9248.3
Research and development  107.2111.6101.198.381.475.875.277.3
Other operating expenses  431.2       
EBITDA   [+]1,298.71,182.2971.5835.1772.4659.8569.5481.7
            EBITDA margin  57.8%57.9%57.3%53.6%53.9%51.8%49.5%44.8%
Depreciation   28.929.830.031.335.434.330.9
EBITA  1,298.71,153.3941.7805.1741.1624.3535.1450.8
            EBITA margin  57.8%56.4%55.5%51.7%51.7%49.0%46.5%41.9%
Amortization of intangibles  91.180.656.949.454.244.547.046.9
EBIT   [+]1,207.61,072.7884.8755.7686.9579.8488.1403.9
            EBIT margin  53.7%52.5%52.2%48.5%47.9%45.5%42.4%37.6%
Interest expense, net   [+]-11.8158.1151.3131.6113.4109.898.761.2
Other income (expense), net  -175.6-56.5-47.2-20.756.4-3.1-3.46.9
Pre-tax income  1,043.8858.1686.2603.3629.9466.9385.9349.6
Income taxes  173.3132.284.439.7122.0162.9125.1119.5
            Tax rate  16.6%15.4%12.3%6.6%19.4%34.9%32.4%34.2%
Net income  870.6726.0601.8563.6507.9304.0260.9223.6
            Net margin  38.7%35.5%35.5%36.2%35.4%23.9%22.7%20.8%
   
Basic EPS   [+]$10.78$8.80$7.19$6.66$5.83$3.36$2.72$2.11
Diluted EPS   [+]$10.72$8.70$7.12$6.59$5.66$3.31$2.70$2.09
   
Dividends per share   [+] $3.64$2.92$2.52$1.92$1.32$1.00$0.80
   
Shares outstanding (basic)   [+]80.782.583.784.687.290.396.0109.1
Shares outstanding (diluted)   [+]81.283.584.585.589.791.996.5109.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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