v3.24.3

REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 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 September 30, 2024
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	223,945					$	168,150					$	81,536					$	62,991					$	536,622
Asset-based fees						168,622						—						—						—						168,622
Non-recurring						12,315						4,226						2,107						813						19,461
Total						$	404,882					$	172,376					$	83,643					$	63,804					$	724,705

						For the Nine Months Ended September 30, 2024
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	653,929					$	490,829					$	235,954					$	190,434					$	1,571,146
Asset-based fees						482,162						—						—						—						482,162
Non-recurring						39,855						11,508						5,428						2,520						59,311
Total						$	1,175,946					$	502,337					$	241,382					$	192,954					$	2,112,619

						For the Three Months Ended September 30, 2023
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	206,453					$	151,269					$	71,744					$	35,531					$	464,997
Asset-based fees						141,066						—						—						—						141,066
Non-recurring						14,603						2,999						1,294						480						19,376
Total						$	362,122					$	154,268					$	73,038					$	36,011					$	625,439

						For the Nine Months Ended September 30, 2023
						Segments
(in thousands)						Index						Analytics						ESG and Climate						All Other - Private Assets						Total
Operating Revenue Types
Recurring subscriptions						$	603,845					$	443,276					$	207,523					$	111,292					$	1,365,936
Asset-based fees						412,354						—						—						—						412,354
Non-recurring						47,621						7,943						3,792						1,168						60,524
Total						$	1,063,820					$	451,219					$	211,315					$	112,460					$	1,838,814

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 (September 30, 2024)						643,807						942,840
Increase/(decrease)						$	(195,748)					$	(141,024)

(in thousands)						Accounts receivable, net of allowances						Deferred revenue
Opening (December 31, 2022)						$	663,236					$	882,886
Closing (September 30, 2023)						603,266						837,479
Increase/(decrease)						$	(59,970)					$	(45,407)

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
						September 30,
(in thousands)						2024
First 12-month period						$	912,103
Second 12-month period						567,796
Third 12-month period						258,819
Periods thereafter						172,423
Total						$	1,911,141

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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