v3.24.2

REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Operating Revenue

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

						For the Three Months Ended June 30, 2024
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	217,032					$	162,128					$	78,000					$	64,309					$	521,469
Asset-based fees						163,281						—						—						—						163,281
Non-recurring						16,879						3,867						1,855						598						23,199
Total						$	397,192					$	165,995					$	79,855					$	64,907					$	707,949

						For the Six Months Ended June 30, 2024
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	429,984					$	322,679					$	154,418					$	127,443					$	1,034,524
Asset-based fees						313,540						—						—						—						313,540
Non-recurring						27,540						7,282						3,321						1,707						39,850
Total						$	771,064					$	329,961					$	157,739					$	129,150					$	1,387,914

						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

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, 2023)						$	839,555					$	1,083,864
Closing (June 30, 2024)						709,487						1,017,997
Increase/(decrease)						$	(130,068)					$	(65,867)

(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

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)						2024
First 12-month period						$	879,064
Second 12-month period						551,575
Third 12-month period						272,953
Periods thereafter						175,858
Total						$	1,879,450

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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