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Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Operating Revenues by Reportable Segment

The following table presents operating revenues by reportable segment for the periods indicated:

 

 

 

Years Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

(in thousands)

 

Operating revenues

 

 

 

 

 

 

 

 

 

 

 

 

Index

 

$

1,251,764

 

 

$

1,016,495

 

 

$

920,937

 

Analytics

 

 

544,299

 

 

 

513,808

 

 

 

496,925

 

ESG and Climate

 

 

166,192

 

 

 

111,364

 

 

 

90,659

 

All Other - Private Assets

 

 

81,289

 

 

 

53,723

 

 

 

49,275

 

Total

 

$

2,043,544

 

 

$

1,695,390

 

 

$

1,557,796

 

Segment Profitability and Reconciliation to Net Income

The following table presents segment profitability and a reconciliation to net income for the periods indicated:

 

 

 

Years Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

(in thousands)

 

Index Adjusted EBITDA

 

$

951,312

 

 

$

766,493

 

 

$

670,188

 

Analytics Adjusted EBITDA

 

 

198,799

 

 

 

172,924

 

 

 

152,113

 

ESG and Climate Adjusted EBITDA

 

 

29,748

 

 

 

22,851

 

 

 

21,813

 

All Other - Private Assets Adjusted EBITDA

 

 

16,931

 

 

 

9,242

 

 

 

6,385

 

Total operating segment profitability

 

 

1,196,790

 

 

 

971,510

 

 

 

850,499

 

Amortization of intangible assets

 

 

80,592

 

 

 

56,941

 

 

 

49,410

 

Depreciation and amortization of property,

   equipment and leasehold improvements

 

 

28,901

 

 

 

29,805

 

 

 

29,999

 

Impairment related to sublease of leased property

 

 

7,702

 

 

 

 

 

 

 

Acquisition-related integration and

  transaction costs (1)

 

 

6,870

 

 

 

 

 

 

 

2016 Multi-Year PSUs grant payroll tax expense

 

 

 

 

 

 

 

 

15,389

 

Operating income

 

 

1,072,725

 

 

 

884,764

 

 

 

755,701

 

Other expense (income), net

 

 

214,589

 

 

 

198,539

 

 

 

152,383

 

Provision for income taxes

 

 

132,153

 

 

 

84,403

 

 

 

39,670

 

Net income

 

$

725,983

 

 

$

601,822

 

 

$

563,648

 

 

(1)

Incremental and non-recurring costs attributable to acquisitions directly related to the execution of the transaction and integration of the acquired business that have occurred no later than 12 months after the close of the transaction.

Operating Revenues by Geographic Area

Operating revenues by geography are based on the shipping address of the ultimate customer utilizing the product. The following table presents revenue by geographic area for the periods indicated:

 

 

 

Years Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2021

 

 

 

2020

 

 

2019

 

Operating revenues

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

836,880

 

 

$

723,962

 

 

$

698,105

 

Other

 

 

85,744

 

 

 

71,408

 

 

 

65,997

 

Total Americas

 

 

922,624

 

 

 

795,370

 

 

 

764,102

 

Europe, the Middle East and Africa ("EMEA"):

 

 

 

 

 

 

 

 

 

 

 

 

United Kingdom

 

 

344,976

 

 

 

262,188

 

 

 

234,926

 

Other

 

 

454,239

 

 

 

364,547

 

 

 

325,221

 

Total EMEA

 

 

799,215

 

 

 

626,735

 

 

 

560,147

 

Asia & Australia:

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

 

91,419

 

 

 

80,591

 

 

 

71,629

 

Other

 

 

230,286

 

 

 

192,694

 

 

 

161,918

 

Total Asia & Australia

 

 

321,705

 

 

 

273,285

 

 

 

233,547

 

Total

 

$

2,043,544

 

 

$

1,695,390

 

 

$

1,557,796

 

Long-Lived Assets by Geographic Area

Long-lived assets consist of property, equipment and leasehold improvements, right of use assets and internally developed capitalized software, net of accumulated depreciation and amortization. The following table presents long-lived assets by geographic area on the dates indicated:

 

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Long-lived assets

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

United States

 

$

167,870

 

 

$

182,776

 

Other

 

 

13,480

 

 

 

13,949

 

Total Americas

 

 

181,350

 

 

 

196,725

 

EMEA:

 

 

 

 

 

 

 

 

United Kingdom

 

 

19,563

 

 

 

19,678

 

Other

 

 

34,240

 

 

 

33,561

 

Total EMEA

 

 

53,803

 

 

 

53,239

 

Asia & Australia:

 

 

 

 

 

 

 

 

Japan

 

 

1,150

 

 

 

1,896

 

Other

 

 

31,873

 

 

 

37,946

 

Total Asia & Australia

 

 

33,023

 

 

 

39,842

 

Total

 

$

268,176

 

 

$

289,806