MSCI Inc. MSCI

Business rating

Price rating

$556.24Price on 18 Sept

$401.17 -27.9%Fair value estimate

Cash flow statement

currency values in millions of USD

Cash flow health is strong with solid coverage and growth; monitor aggressive buybacks and lean liquidity, but no major red flags today.

Fiscal Year	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period Ending	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Net Income	1,109.1	1,148.6	870.6	726	601.8	563.6	507.9	304	260.9	223.6
Depreciation & Amortization	206.3	159.2	142.5	134.1	110.8	79.4	85.5	80	81.4	77.8
Stock-Based Compensation	95.2	71.7	58.1	54.9	51.1	41.2	38.9	36.6	32	28.6
Change in Working Capital	72.7	2.5	-19.4	60.1	51.9	1.6	39.1	-1.6	81.3	1.5
Accounts Receivables	10.2	-149.5	-6.6	-99.2	-57.6	-25.9	-153.9	-105.6	-18.5	-30.9
Inventory	0	-40.8	0	-0.3	-0	-39.7	20.1	8.4	61.7	14
Accounts Payables	5	-6	1.3	-2.2	7.5	2.6	2.3	1	-1.9	-0.3
Other Working Capital	57.6	198.8	-14.1	161.9	102.1	64.6	170.6	94.6	40	18.7
Other Non-Cash Items	3.9	-130.6	7.2	72.3	51.1	44.4	-57.9	4.1	-3.8	-15.2
Operating Cash Flow	1,501.6	1,236	1,095.4	936.1	811.1	709.5	612.8	404.2	434.7	306
Investments in PP&E	-115.1	-90.9	-72.9	-52.8	-51	-53.8	-49	-48.8	-42.6	-49.2
Capital Expenditure	-33.8	-90.9	-72.9	-52.8	-51	-53.8	-49	-48.8	-42.6	-49.2
Acquisitions	-27.5	-727.3	-0	-975.4	-190.8	-18.2	83.8	0	0.6	-6.5
Purchases of Investments	0	0	-0	-26.4	-190.8	0	0	0	0	40.2
Sales/Maturities of Investments	0	0	0	26.4	410.8	0	0	0.8	0	6.7
Other Investing Activities	-1.7	-1.2	-6.4	-7.6	-220	0	0	0	0	-40.1
Investing Cash Flow	-144.3	-819.4	-79.3	-1,035.7	-241.8	-71.9	34.9	-48	-42	-48.9
Net Debt Issuance	-2.2	-8.8	347.8	751.9	262.6	486.9	500	0	500	800
Long-Term Net Debt Issuance	-2.2	-8.8	347.8	751.9	262.6	486.9	500	0	500	800
Short-Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
Net Stock Issuance	-885.3	-504.2	-1,397.5	-198.4	-778.5	-292.1	-949.9	-150.5	-774.6	-700.7
Net Common Stock Issuance	-885.3	-504.2	-1,397.5	-198.4	-778.5	-292.1	-949.9	-150.5	-774.6	-700.7
Common Stock Issuance	0	0	0	0	0	0	0	0	0	0
Common Stock Repurchased	-885.3	-504.2	-1,397.5	-198.4	-778.5	-292.1	-949.9	-150.5	-774.6	-700.7
Net Preferred Stock Issuance	0	0	0	0	0	0	0	0	0	0
Net Dividends Paid	-509.1	-441	-372.9	-302.4	-246.4	-222.9	-170.9	-119.7	-96.2	-87.7
Common Dividends Paid	-509.1	-441	-372.9	-302.4	-246.4	-222.9	-170.9	-119.7	-96.2	-87.7
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
Other Financing Activities	-5.7	0	-2.8	-21.6	-16.7	-8.5	-5.7	2.6	5.5	8.4
Financing Cash Flow	-1,402.3	-953.9	-1,425.4	229.5	-779	-36.7	-626.5	-267.5	-365.3	19.9
Effect of Forex Changes on Cash	-7.4	5.4	-18.5	-8.9	3.7	1.5	-6.5	9.1	-13.3	-8.2
Cash at Beginning of Period	461.7	993.6	1,421.4	1,300.5	1,506.6	904.2	889.5	791.8	777.7	508.8
Cash at End of Period	409.4	461.7	993.6	1,421.4	1,300.5	1,506.6	904.2	889.5	791.8	777.7
Net Cash Flow	-52.3	-531.9	-427.9	120.9	-206	602.4	14.7	97.7	14.1	268.9
Free Cash Flow	1,467.9	1,145.2	1,022.5	883.3	760.1	655.8	563.8	355.3	392.1	256.8
Cash Interest Paid	180	182.3	165.1	151.3	163.4	141.5	126	112.5	89.1	42.1
Cash Income Taxes Paid	201	240.5	180.7	222.6	113.6	72.9	143.2	128.7	97.8	129.5
All data is from our financial data partners, who compile data from SEC filings. Data errors are possible. If you spot one, please let us know.