SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Operating Revenues by Reportable Segment

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


	Three Months Ended March 31,
(in thousands)	2024		2023
Operating revenues
Index	$	373,872	$	339,382
Analytics	163,966		147,070
ESG and Climate	77,884		67,058
All Other - Private Assets	64,243		38,708
Total	$	679,965	$	592,218

Segment Profitability and Reconciliation to Net Income

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


	Three Months Ended March 31,
(in thousands)	2024		2023
Index Adjusted EBITDA	$	277,760	$	253,682
Analytics Adjusted EBITDA	72,212		60,780
ESG and Climate Adjusted EBITDA	21,091		17,876
All Other - Private Assets Adjusted EBITDA	12,510		12,391
Total operating segment profitability	383,573		344,729

Amortization of intangible assets	38,604		24,667
Depreciation and amortization of property, equipment and leasehold improvements	4,081		5,460
Acquisition-related integration and transaction costs(1)	1,506		—
Operating income	339,382		314,602

Other expense (income), net	43,489		38,230
Provision for income taxes	39,939		37,644
Net income	$	255,954	$	238,728

___________________________

(1)Represents transaction expenses and other costs directly related to the acquisition and integration of acquired businesses, including professional fees, severance expenses, regulatory filing fees and other costs, in each case that are incurred no later than 12 months after the close of the relevant acquisition.

Operating Revenues by Geographic Area

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


	Three Months Ended March 31,
(in thousands)	2024		2023
Operating revenues
Americas:
United States	$	280,675	$	238,416
Other	30,358		27,536
Total Americas	311,033		265,952


Europe, the Middle East and Africa (“EMEA”):
United Kingdom	113,294		91,660
Other	151,684		138,319
Total EMEA	264,978		229,979


Asia & Australia:
Japan	26,573		26,017
Other	77,381		70,270
Total Asia & Australia	103,954		96,287


Total	$	679,965	$	592,218

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
	March 31,		December 31,
(in thousands)	2024		2023
Long-lived assets
Americas:
United States	$	231,650	$	204,238
Other	11,068		11,585
Total Americas	242,718		215,823


EMEA:
United Kingdom	17,913		18,403
Other	20,840		22,072
Total EMEA	38,753		40,475


Asia & Australia:
Japan	1,143		1,321
Other	29,524		31,507
Total Asia & Australia	30,667		32,828


Total	$	312,138	$	289,126