| Schedule of Change to Company's Goodwill |
The following table presents goodwill by reportable segment:
|
(in thousands) |
|
Index |
|
|
Analytics |
|
|
ESG and Climate |
|
|
All Other - Private Assets |
|
|
Total |
|
|
Goodwill at December 31, 2021 |
|
$ |
1,205,443 |
|
|
$ |
290,976 |
|
|
$ |
48,047 |
|
|
$ |
691,920 |
|
|
$ |
2,236,386 |
|
|
Acquisitions (1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
353 |
|
|
$ |
353 |
|
|
Foreign exchange translation adjustment |
|
|
(953 |
) |
|
|
— |
|
|
|
— |
|
|
|
(587 |
) |
|
|
(1,540 |
) |
|
Goodwill at March 31, 2022 |
|
$ |
1,204,490 |
|
|
$ |
290,976 |
|
|
$ |
48,047 |
|
|
$ |
691,686 |
|
|
$ |
2,235,199 |
|
|
(1) |
Reflects the impact of measurement period adjustments associated with the acquisition of RCA. |
|
| Schedule of Amortization Expense Related to Intangible Assets by Category |
The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated:
|
|
|
Three Months Ended |
|
|
|
|
March 31, |
|
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
Amortization expense of acquired intangible assets |
|
$ |
15,898 |
|
|
$ |
8,368 |
|
|
Amortization expense of internally developed capitalized software |
|
|
5,822 |
|
|
|
6,700 |
|
|
Total amortization of intangible assets expense |
|
$ |
21,720 |
|
|
$ |
15,068 |
|
|
| Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets |
The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows:
|
|
|
As of |
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
|
2022 |
|
|
2021 |
|
|
|
|
(in thousands) |
|
|
Gross intangible assets: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
532,500 |
|
|
$ |
532,400 |
|
|
Proprietary data |
|
|
220,700 |
|
|
|
220,639 |
|
|
Acquired technology and software |
|
|
209,220 |
|
|
|
209,220 |
|
|
Trademarks |
|
|
208,190 |
|
|
|
208,190 |
|
|
Internally developed capitalized software |
|
|
120,264 |
|
|
|
106,181 |
|
|
Subtotal |
|
|
1,290,874 |
|
|
|
1,276,630 |
|
|
Foreign exchange translation adjustment |
|
|
(7,503 |
) |
|
|
(5,782 |
) |
|
Total gross intangible assets |
|
$ |
1,283,371 |
|
|
$ |
1,270,848 |
|
|
Accumulated amortization: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
(285,519 |
) |
|
$ |
(277,865 |
) |
|
Proprietary data |
|
|
(27,498 |
) |
|
|
(22,678 |
) |
|
Acquired technology and software |
|
|
(176,747 |
) |
|
|
(175,718 |
) |
|
Trademarks |
|
|
(154,862 |
) |
|
|
(152,468 |
) |
|
Internally developed capitalized software |
|
|
(55,204 |
) |
|
|
(49,394 |
) |
|
Subtotal |
|
|
(699,830 |
) |
|
|
(678,123 |
) |
|
Foreign exchange translation adjustment |
|
|
1,517 |
|
|
|
616 |
|
|
Total accumulated amortization |
|
$ |
(698,313 |
) |
|
$ |
(677,507 |
) |
|
Net intangible assets: |
|
|
|
|
|
|
|
|
|
Customer relationships |
|
$ |
246,981 |
|
|
$ |
254,535 |
|
|
Proprietary data |
|
|
193,202 |
|
|
|
197,961 |
|
|
Acquired technology and software |
|
|
32,473 |
|
|
|
33,502 |
|
|
Trademarks |
|
|
53,328 |
|
|
|
55,722 |
|
|
Internally developed capitalized software |
|
|
65,060 |
|
|
|
56,787 |
|
|
Subtotal |
|
|
591,044 |
|
|
|
598,507 |
|
|
Foreign exchange translation adjustment |
|
|
(5,986 |
) |
|
|
(5,166 |
) |
|
Total net intangible assets |
|
$ |
585,058 |
|
|
$ |
593,341 |
|
|
| Estimated Amortization Expense for Remainder of 2022 and Succeeding Years |
The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2022 and succeeding years:
|
Years Ending December 31, |
|
Amortization
Expense |
|
|
|
|
(in thousands) |
|
|
Remainder of 2022 |
|
$ |
68,275 |
|
|
2023 |
|
|
85,742 |
|
|
2024 |
|
|
78,586 |
|
|
2025 |
|
|
53,876 |
|
|
2026 |
|
|
36,664 |
|
|
Thereafter |
|
|
261,915 |
|
|
Total |
|
$ |
585,058 |
|
|