US-listed companies
MSCI Inc.

MSCI Inc.MSCI

Market cap

$46.6B

P/E ratio

40.6x

Income statement Balance sheet Cash flow

	Nov 30, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Operating revenues	663	901	950	1,036	997	1,075	1,151	1,274	1,434	1,558	1,695	2,044	2,249	2,529
Cost of revenues (exclusive of depreciation and amortization)	-	-	-	-	-	-	-	-	-	-	-	359	404	447
Selling and marketing	-	-	-	-	-	162	167	177	193	219	216	243	265	276
Research and development	-	-	-	-	-	77	75	76	81	98	101	112	107	132
General and administrative	-	-	-	-	-	86	87	88	100	110	115	148	147	154
Amortization of intangible assets	42	66	63	58	46	47	47	45	54	49	57	81	91	114
Depreciation, Depletion and Amortization	17	19	19	22	26	31	34	35	31	30	30	29	27	21
Depreciation	-	-	-	-	-	31	34	35	31	30	30	-	-	21
Total operating expenses	-	-	-	664	660	671	663	695	747	802	811	971	1,041	1,144
Operating income	206	322	347	372	337	404	488	579	687	756	885	1,073	1,208	1,385
Interest income	1	1	1	1	1	1	3	6	20	16	5	1	12	34
Interest expense	51	56	56	26	32	62	102	116	133	148	156	160	172	187
Other expense (income)	-2	-4	-2	-1	2	7	-3	-3	56	-21	-47	-56	-4	-6
Gain on remeasurement of equity method investment	-	-	-	-	-	-	-	-	-	-	-	-	-	143
Other expense (income), net	-53	-59	-58	-26	-29	-54	-102	-112	-57	-152	-199	-215	-164	-16
Other expense (income)	-2	-4	-2	-1	2	7	-3	-3	56	-21	-47	-56	-4	-6
Income before provision for income taxes	153	263	289	346	308	350	386	467	630	603	686	858	1,044	1,369
Other expense (income), net	-53	-59	-58	-26	-29	-54	-102	-112	-57	-152	-199	-215	-164	-16
Provision for income taxes	61	90	105	123	109	120	125	163	122	40	84	132	173	220
Income before provision for income taxes	153	263	289	346	308	350	386	467	630	603	686	858	1,044	1,369
Net income	92	173	184	223	284	224	261	304	508	564	602	726	871	1,149
Provision for income taxes	61	90	105	123	109	120	125	163	122	40	84	132	173	220
Basic (in USD per share)	0.82	1.43	1.5	1.85	2.45	2.05	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45
Diluted (in USD per share)	0.81	1.41	1.48	1.83	2.43	2.03	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39
Net income	92	173	184	223	284	224	261	304	508	564	602	726	871	1,149
Basic (in USD per share)	0.82	1.43	1.5	1.85	2.45	2.05	2.72	3.36	5.83	6.66	7.19	8.8	10.78	14.45
Diluted (in USD per share)	0.81	1.41	1.48	1.83	2.43	2.03	2.7	3.31	5.66	6.59	7.12	8.7	10.72	14.39