v3.23.2

REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Operating Revenue

The tables that follow present the disaggregated operating revenues for the periods indicated:

						For the Three Months Ended June 30, 2023
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	200,714					$	147,504					$	70,047					$	37,427					$	455,692
Asset-based fees						138,162						—						—						—						138,162
Non-recurring						23,440						2,377						1,172						314						27,303
Total						$	362,316					$	149,881					$	71,219					$	37,741					$	621,157

						For the Six Months Ended June 30, 2023
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	397,392					$	292,007					$	135,779					$	75,761					$	900,939
Asset-based fees						271,288						—						—						—						271,288
Non-recurring						33,018						4,944						2,498						688						41,148
Total						$	701,698					$	296,951					$	138,277					$	76,449					$	1,213,375

						For the Three Months Ended June 30, 2022
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	179,711					$	139,497					$	54,037					$	33,804					$	407,049
Asset-based fees						132,216						—						—						—						132,216
Non-recurring						9,022						2,187						1,091						241						12,541
Total						$	320,949					$	141,684					$	55,128					$	34,045					$	551,806

						For the Six Months Ended June 30, 2022
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	354,209					$	277,296					$	104,609					$	70,695					$	806,809
Asset-based fees						277,269						—						—						—						277,269
Non-recurring						20,230						4,185						2,548						710						27,673
Total						$	651,708					$	281,481					$	107,157					$	71,405					$	1,111,751

Schedule of Change in Accounts Receivable and Current Deferred Revenue

The tables that follow present the change in accounts receivable, net of allowances, and current deferred revenue between the dates indicated:

(in thousands)						Accounts receivable, net of allowances						Deferred revenue
Opening (December 31, 2022)						$	663,236					$	882,886
Closing (June 30, 2023)						612,885						909,623
Increase/(decrease)						$	(50,351)					$	26,737

(in thousands)						Accounts receivable, net of allowances						Deferred revenue
Opening (December 31, 2021)						$	664,511					$	824,912
Closing (June 30, 2022)						586,815						808,020
Increase/(decrease)						$	(77,696)					$	(16,892)

Schedule of Remaining Performance Obligations

The remaining performance obligations for contracts that have a duration of greater than one year and the periods in which they are expected to be recognized are as follows:

						As of
						June 30,
(in thousands)						2023
First 12-month period						$	682,799
Second 12-month period						419,674
Third 12-month period						186,009
Periods thereafter						121,348
Total						$	1,409,830

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

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