MSCI Stock Cash Flow Statements

MSCI Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

MSCI Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29

cash flows from operating activities
net income	303,650,000	288,600,000	305,515,000	280,901,000	266,758,000	255,954,000	403,380,000	259,659,000	246,825,000	238,728,000	214,971,000	216,592,000	210,587,000	228,423,000	193,865,000	169,876,000	165,423,000	196,819,000	156,216,000	182,358,000	115,123,000	148,125,000	122,783,000	136,983,000	125,690,000	178,192,000	152,132,000	123,832,000	116,829,000	115,092,000	64,602,000	85,153,000	81,266,000	72,951,000	68,250,000	65,281,000	66,957,000	60,367,000	59,406,000	64,398,000	56,017,000	43,827,000	44,340,000	51,714,000	107,660,000	80,399,000	47,257,000	55,310,000	61,053,000	58,937,000	54,452,000	48,274,000	37,546,000	43,966,000	44,486,000	49,787,000	45,660,000	33,521,000	30,266,000	10,319,000	24,067,000	27,518,000	24,535,000	20,924,000	19,618,000	16,724,000	12,825,000	18,878,000	18,631,000	17,934,000
adjustments to reconcile net income to net cash from operating activities:
amortization of intangible assets	43,760,000	43,872,000	42,721,000	41,939,000	40,773,000	38,604,000	36,886,000	26,722,000	26,154,000	24,667,000	23,805,000	23,375,000	22,179,000	21,720,000	21,023,000	14,105,000	30,396,000	15,068,000	14,770,000	14,333,000	14,062,000	13,776,000	13,243,000	12,361,000	12,013,000	11,793,000	11,633,000	11,681,000	19,537,000	11,338,000	11,560,000	10,614,000	11,122,000	11,251,000	11,498,000	11,752,000	11,943,000	11,840,000	11,803,000	11,710,000	11,695,000	11,702,000	11,591,000	11,574,000	11,442,000	14,010,000	14,760,000	14,448,000	14,509,000	14,486,000	15,421,000	15,959,000	15,959,000	15,959,000	16,268,000	16,422,000	16,423,000	16,692,000	16,694,000	16,350,000	4,277,000	4,278,000	6,268,000	6,429,000	6,428,000	6,429,000	7,125,000	7,125,000	7,125,000	7,125,000
stock-based compensation expense	23,181,000	40,004,000	22,969,000	18,503,000	19,396,000	34,336,000	16,278,000	18,144,000	16,143,000	21,088,000	11,662,000	12,013,000	11,562,000	22,857,000	11,699,000	12,362,000	11,946,000	18,910,000	10,713,000	11,116,000	14,102,000	15,163,000	10,714,000	10,517,000	10,427,000	9,541,000	10,955,000	9,870,000	9,019,000	9,053,000	8,908,000	8,931,000	9,343,000	9,394,000	8,410,000	8,318,000	8,193,000	7,080,000	8,006,000	6,013,000	7,189,000	7,350,000	6,469,000	7,659,000	7,286,000	5,171,000	5,854,000
depreciation and amortization of property, equipment and leasehold improvements	5,385,000	4,746,000	4,339,000	4,332,000	4,226,000	4,081,000	5,098,000	5,252,000	5,199,000	5,460,000	6,467,000	7,127,000	6,765,000	6,534,000	7,929,000	6,809,000	7,020,000	7,143,000	7,281,000	7,494,000	7,463,000	7,567,000	7,535,000	7,209,000	7,405,000	7,850,000	8,311,000	7,453,000	7,377,000	8,205,000	8,118,000	9,325,000	9,159,000	8,838,000	9,447,000	8,312,000	8,393,000	8,168,000		8,049,000	8,065,000	7,207,000		6,342,000	5,921,000	6,047,000		5,934,000				4,633,000	4,662,000	4,416,000
amortization of right of use assets	6,183,000	5,931,000	5,678,000	7,745,000	6,024,000	5,813,000	6,297,000	5,898,000	5,804,000	5,782,000	5,969,000	6,064,000	6,199,000	6,292,000	6,377,000	6,126,000	6,001,000	6,128,000	5,988,000	6,044,000	6,028,000	5,989,000				5,583,000
amortization of debt origination fees	1,287,000	1,288,000	1,287,000	1,289,000	1,287,000	1,280,000	1,264,000	1,265,000	1,262,000	1,264,000	1,264,000	1,261,000	1,204,000	1,403,000	1,265,000	1,318,000	1,233,000	1,107,000	1,107,000	1,107,000	1,142,000	1,089,000	1,117,000	986,000	984,000	986,000	985,000	986,000	895,000	849,000	849,000	849,000	849,000	849,000	849,000	802,000	708,000	709,000	708,000	534,000	447,000	446,000	6,420,000	440,000	443,000	445,000	1,169,000	705,000	712,000	762,000	966,000	500,000	15,331,000	1,268,000	1,371,000	1,278,000	1,280,000	1,847,000	1,480,000	3,181,000	3,071,000	358,000	358,000	358,000	358,000	358,000
loss on extinguishment of debt			0	0	0	1,510,000									0	37,311,000			0	0	34,964,000	9,966,000
deferred taxes	-1,754,000	3,399,000	-17,757,000	-10,470,000	50,180,000	-7,625,000	15,715,000	-19,207,000	-9,512,000	-2,254,000	-22,888,000	82,150,000	-9,865,000	-12,961,000	-9,529,000	-93,352,000	-9,630,000	1,142,000	-51,023,000	5,222,000	-4,679,000	-5,165,000	-10,923,000	-4,535,000	3,088,000	-8,397,000	8,330,000	-4,830,000	-3,183,000	-1,097,000	-7,450,000	-4,372,000	-5,045,000	-2,035,000	-9,329,000	-2,882,000	-987,000	-3,769,000	-4,193,000	-2,554,000	-6,974,000	3,433,000	-5,956,000	-2,479,000	29,746,000	-26,271,000	-12,941,000	-5,481,000	8,499,000	-5,143,000	-6,494,000	-6,185,000	-11,829,000	-5,687,000	18,575,000	-17,176,000	-7,837,000	12,063,000	-3,935,000	9,444,000	-2,665,000	-1,918,000			-6,736,000	-4,214,000	29,000	-299,000	-3,997,000	-2,911,000
other adjustments	12,847,000	7,344,000	-10,619,000	11,000,000	448,000	-3,533,000	5,664,000	-4,779,000	2,072,000	3,906,000	5,015,000	-6,165,000	1,578,000	933,000	-5,852,000	1,670,000	673,000	3,363,000	64,000
changes in assets and liabilities:
accounts receivable	-36,557,000	73,204,000	-184,007,000	68,969,000	34,155,000	91,109,000	-207,661,000	7,147,000	28,496,000	22,489,000	-133,667,000	56,912,000	-286,000	70,417,000	-168,527,000	205,000	18,489,000	50,630,000	-127,454,000	37,717,000	16,205,000	15,926,000	-88,254,000	26,717,000	-11,191,000	46,805,000	-93,692,000	11,301,000	63,250,000	-134,801,000	-18,425,000	-20,507,000	-26,079,000	-40,582,000	12,527,000	9,360,000	11,283,000	-51,664,000	-418,000	5,699,000	-29,000,000	-7,181,000	11,814,000	20,446,000	-20,202,000	-38,879,000	10,350,000	-18,826,000	6,277,000	-14,213,000
prepaid income taxes	-15,697,000	-4,191,000	28,603,000	21,713,000	-54,469,000	14,874,000	-4,277,000	15,075,000	-36,125,000	3,396,000	46,224,000	-67,222,000	-3,516,000	-7,170,000	11,099,000	41,844,000	-43,991,000	6,312,000	43,531,000	-44,287,000	9,034,000	3,330,000	23,999,000	25,356,000	-8,942,000	-53,613,000	2,160,000	2,221,000	-22,076,000	13,626,000	-7,674,000	8,762,000	-16,595,000	12,438,000	9,330,000	37,195,000	-27,439,000	22,246,000	-10,786,000	20,355,000	-27,074,000	15,533,000	5,554,000	-974,000	-29,963,000	10,385,000	20,994,000	-1,512,000	-29,973,000	18,418,000	7,194,000	-1,693,000	-20,819,000	22,596,000	-15,603,000	16,778,000	-5,061,000	-6,857,000
prepaid and other assets	9,169,000	-7,041,000	-3,443,000	-7,855,000	249,000	1,427,000	-123,000	-4,149,000	7,030,000	-1,194,000	-2,103,000	-8,446,000	3,706,000	3,062,000	-2,062,000	-6,775,000	-1,014,000	5,611,000	2,444,000	-6,703,000	3,553,000	296,000	-3,733,000	-7,340,000	2,969,000	406,000	1,741,000	-6,942,000	2,994,000	192,000	2,662,000	-10,050,000	2,289,000	629,000	1,605,000	-3,322,000	2,071,000	270,000	-911,000	-1,937,000	2,148,000	-517,000	-2,514,000	-1,162,000	-5,563,000	-618,000	-1,066,000	-4,591,000	371,000	827,000	-1,831,000	568,000	-1,893,000	1,761,000	1,124,000	-6,100,000	-2,074,000	-1,475,000	1,473,000	5,043,000	-12,213,000	9,005,000	-8,625,000	-645,000	-843,000	6,723,000	-10,841,000	6,034,000	-4,260,000	-193,000
other non-current assets	-3,701,000	-9,621,000	981,000	1,382,000	-2,034,000	73,000	-3,265,000	-1,728,000	-776,000	-2,333,000	-1,099,000	38,273,000	-721,000	-5,005,000
accounts payable	2,035,000	-5,856,000	6,126,000	-3,809,000	601,000	2,045,000	-325,000	2,131,000	-1,523,000	-6,327,000	9,481,000	-3,238,000	-2,846,000	-2,060,000	4,152,000	-1,136,000	2,690,000	-7,901,000	9,364,000	-1,781,000	1,435,000	-1,536,000	4,066,000	-1,069,000	1,380,000	-1,793,000	1,695,000	970,000	-135,000	-230,000	-779,000	2,053,000	-808,000	561,000	-649,000	-473,000	216,000	-1,006,000	714,000	-343,000	1,012,000	-1,681,000	1,155,000	-256,000	880,000	349,000	-128,000	326,000	-164,000	-2,179,000	531,000	1,034,000	484,000	-70,000	-180,000	-195,000	161,000	271,000	716,000	-2,034,000	131,000	-1,466,000	-32,153,000	-4,364,000	37,564,000	-359,000	-1,688,000
income taxes payable	-12,729,000	32,759,000	2,120,000	11,929,000	-20,020,000	22,154,000	3,296,000	7,878,000	-15,632,000	19,179,000	3,643,000	-34,532,000	-42,664,000	24,257,000	21,922,000	4,282,000	5,990,000	1,709,000	2,969,000	-9,580,000	13,958,000	2,229,000	2,011,000	1,304,000	288,000	-5,843,000	6,672,000	-12,112,000	-451,000	3,001,000				3,755,000																																656,000	-19,997,000	-5,310,000	3,878,000	5,847,000
accrued compensation and related benefits	49,306,000	-127,136,000	44,906,000	46,404,000	47,463,000	-132,328,000	48,817,000	39,930,000	42,723,000	-108,252,000	35,610,000	39,230,000	37,876,000	-135,148,000	42,925,000	50,587,000	43,530,000	-94,323,000	30,891,000	35,792,000	29,334,000	-98,658,000	39,324,000	33,481,000	33,582,000	-81,170,000	27,338,000	33,287,000	32,424,000	-84,517,000	27,733,000	29,292,000	28,342,000	-76,708,000	24,266,000	28,211,000	22,870,000	-62,258,000	20,256,000	22,542,000	25,640,000	-63,351,000	19,669,000	22,656,000	26,409,000	-68,646,000	23,218,000	26,238,000	19,240,000	-61,639,000	21,849,000	24,085,000	24,462,000	-71,230,000	21,545,000	23,723,000	22,885,000	-61,747,000	22,951,000	19,596,000	12,401,000	-39,374,000			13,661,000	-35,553,000	730,000	15,247,000	12,548,000	-30,708,000
other accrued liabilities	-2,649,000	9,022,000	-11,075,000	17,502,000	76,000	3,086,000	-11,582,000	12,249,000	-5,436,000	8,305,000	-20,643,000	24,594,000	-8,458,000	15,161,000	-16,450,000	17,560,000	-23,247,000	12,888,000	-8,127,000	18,432,000	-5,068,000	-3,563,000	10,459,000	-5,299,000	5,611,000	-7,107,000	7,939,000	3,414,000	19,259,000	-1,516,000	15,177,000	2,618,000	8,418,000	-10,280,000	7,376,000	4,641,000	9,049,000	-1,325,000	-2,681,000	18,759,000	-10,244,000	11,331,000	1,876,000	-5,238,000	8,310,000	3,480,000	-3,407,000	6,926,000	-6,593,000	2,814,000	-3,702,000	-2,424,000	-3,499,000	1,392,000	-317,000	-4,611,000	493,000	1,035,000	3,348,000	-7,656,000	-4,355,000	2,140,000	813,000	3,073,000	-3,158,000	771,000	7,278,000	-2,839,000	4,741,000	1,049,000
deferred revenue	-32,852,000	-46,860,000	192,417,000	-86,229,000	-34,179,000	-25,949,000	215,539,000	-67,014,000	-10,984,000	34,427,000	139,734,000	-64,251,000	-13,663,000	10,932,000	174,795,000	-45,264,000	-9,878,000	-2,790,000	141,516,000	-58,004,000	12,566,000	2,252,000	93,170,000	-48,384,000	3,932,000	-13,352,000	95,347,000	-36,437,000	-22,301,000	148,468,000	-377,000	-24,686,000	20,371,000	43,247,000	-5,528,000	-20,635,000	5,933,000	42,039,000	-9,938,000	-10,004,000	-6,728,000	34,717,000	-8,041,000	-4,180,000	8,317,000	46,167,000	-14,055,000	-15,865,000	-2,086,000	43,405,000	-14,956,000	-11,678,000	4,028,000	40,951,000	-1,787,000	-5,630,000	12,452,000	14,344,000	-12,062,000	-16,792,000	14,826,000	18,008,000	-14,829,000	-10,516,000	-3,585,000	33,548,000	-10,684,000	-10,127,000	1,488,000	42,106,000
long-term operating lease liabilities	-7,038,000	-6,723,000	-6,769,000	-6,907,000	-6,721,000	-5,666,000	-8,035,000	-5,631,000	-5,349,000	-5,047,000	-5,975,000	-6,407,000	-7,543,000	-5,542,000	-6,434,000	-4,509,000	-5,237,000	-5,898,000	-5,480,000	-5,402,000	-5,537,000	-6,078,000	-5,470,000	-5,635,000
other non-current liabilities	-7,363,000	-871,000	6,384,000	3,338,000	-4,911,000	-1,108,000	4,657,000	-7,680,000	-4,456,000	941,000	-1,999,000	2,007,000	2,403,000	1,695,000
other	-325,000	-133,000	257,000	-67,000			3,882,000	-31,000	-111,000	-84,000	-44,000	3,732,000	-2,513,000	-1,616,000	-3,009,000	2,872,000	2,871,000	-461,000	1,158,000	4,839,000	-1,314,000	1,725,000	712,000	-426,000	5,579,000	-1,806,000	-18,479,000	-1,020,000	-4,103,000	613,000	37,839,000	3,033,000	3,829,000	2,682,000	733,000	1,803,000	-1,246,000	3,831,000	3,118,000	-2,651,000	1,926,000	3,157,000	1,753,000	119,000	3,562,000	-5,635,000	-3,514,000	-542,000	2,271,000	4,715,000	-4,423,000	4,398,000	9,975,000	875,000	-1,078,000	-1,483,000	611,000	-1,081,000	-1,983,000	4,570,000	-345,000	-2,493,000			-178,000	237,000
net cash from operating activities	336,138,000	301,737,000	430,633,000	421,609,000	349,248,000	300,137,000	388,953,000	291,131,000	291,804,000	264,141,000	315,427,000	323,069,000	212,689,000	244,184,000	279,664,000	215,891,000	225,057,000	215,457,000	235,928,000	199,795,000	262,616,000	112,770,000	243,643,000	188,535,000	189,470,000	87,875,000	173,175,000	143,825,000	207,165,000	88,597,000	143,153,000	101,773,000	122,217,000	37,015,000	137,708,000	146,923,000	117,077,000	33,030,000	81,322,000	133,963,000	24,026,000	66,683,000	104,054,000	107,567,000	68,803,000	25,249,000	94,410,000	69,361,000	85,629,000	71,047,000	59,412,000	97,597,000	120,559,000	69,507,000	80,067,000	94,684,000	106,124,000	-25,878,000	62,116,000	66,134,000	69,865,000	-14,761,000	10,098,000	51,687,000	46,685,000	22,472,000	43,517,000	30,827,000	59,996,000	20,741,000
cash flows from investing activities
capitalized software development costs	-23,115,000	-21,361,000	-21,708,000	-20,975,000	-18,707,000	-19,966,000	-18,014,000	-17,417,000	-17,312,000	-15,351,000	-14,853,000	-14,726,000	-15,615,000	-14,084,000	-10,207,000	-10,141,000	-9,241,000	-9,696,000	-7,218,000	-7,170,000	-7,558,000	-7,203,000	-6,568,000	-6,983,000	-6,113,000	-4,990,000	-5,589,000	-4,517,000	-4,238,000	-4,360,000	-4,863,000	-5,164,000	-3,306,000	-2,307,000	-2,395,000	-2,861,000	-2,763,000	-2,325,000	-2,438,000	-3,275,000	-1,401,000	-1,386,000	-2,153,000	-2,585,000	-1,919,000	-1,559,000	-1,456,000
capital expenditures	-11,448,000	-11,500,000	-14,247,000	-6,626,000	-8,618,000	-4,271,000	-3,815,000	-3,564,000	-9,153,000	-6,225,000	-5,605,000	-3,275,000	-3,483,000	-1,254,000	-6,390,000	-4,646,000	-1,809,000	-664,000	-9,674,000	-4,555,000	-3,984,000	-3,613,000	-11,900,000	-7,782,000	-6,278,000	-3,156,000	-17,188,000	-8,590,000	-2,967,000	-1,512,000	-15,737,000	-6,389,000	-3,729,000	-7,322,000	-8,140,000	-10,867,000	-10,142,000	-3,135,000	-16,127,000	-8,975,000	-10,616,000	-4,934,000	-6,485,000	-17,688,000	-9,985,000	-8,501,000	-19,356,000	-12,408,000	-3,691,000	-4,800,000	-6,775,000	-18,163,000	-15,654,000	-4,292,000	-6,269,000	-10,110,000	-2,897,000	-3,835,000	-6,095,000	-2,399,000	-1,411,000	-3,285,000			-3,486,000	-6,033,000				-961,000
free cash flows	324,690,000	290,237,000	416,386,000	414,983,000	340,630,000	295,866,000	385,138,000	287,567,000	282,651,000	257,916,000	309,822,000	319,794,000	209,206,000	242,930,000	273,274,000	211,245,000	223,248,000	214,793,000	226,254,000	195,240,000	258,632,000	109,157,000	231,743,000	180,753,000	183,192,000	84,719,000	155,987,000	135,235,000	204,198,000	87,085,000	127,416,000	95,384,000	118,488,000	29,693,000	129,568,000	136,056,000	106,935,000	29,895,000	65,195,000	124,988,000	13,410,000	61,749,000	97,569,000	89,879,000	58,818,000	16,748,000	75,054,000	56,953,000	81,938,000	66,247,000	52,637,000	79,434,000	104,905,000	65,215,000	73,798,000	84,574,000	103,227,000	-29,713,000	56,021,000	63,735,000	68,454,000	-18,046,000			43,199,000	16,439,000				19,780,000
cash paid for acquisitions, net of cash acquired				0
net cash from investing activities	-34,563,000	-32,904,000	-36,733,000	-28,064,000	-47,125,000	-32,333,000	-749,967,000	-20,981,000	-26,668,000	-21,762,000	-26,922,000	-18,000,000	-19,103,000	-15,310,000	-49,834,000	-963,558,000	-11,961,000	-10,360,000	-16,892,000	-11,725,000	-11,536,000	-201,638,000	-36,645,000	-14,765,000	-12,391,000	-8,136,000	40,038,000	-13,097,000	13,805,000	-5,872,000	-20,600,000	-11,553,000	-6,264,000	-9,629,000	-10,535,000	-13,071,000	-12,905,000	-5,520,000	-18,329,000	-12,250,000	-11,962,000	-6,320,000	-8,665,000	-35,153,000	350,908,000	-10,053,000	-20,812,000	-14,208,000	-3,791,000	42,932,000	-102,969,000	-25,549,000	92,085,000	-57,928,000	-3,976,000	-41,657,000	-63,853,000	18,875,000	-37,653,000	-1,084,486,000	295,403,000	-65,541,000			-248,220,000	-6,033,000	-6,459,000	190,038,000	-44,075,000	-27,435,000
cash flows from financing activities
repurchase of common stock held in treasury	-138,491,000	-213,093,000	-374,048,000	-199,509,000	-241,718,000	-69,991,000	-27,000	-18,744,000	-441,457,000	-43,960,000	-70,208,000	-168,785,000	-280,856,000	-877,657,000	-5,314,000	-5,286,000	-620,000	-187,154,000	-164,953,000	-208,999,000	-31,673,000	-372,894,000
payment of dividends	-139,744,000	-143,784,000	-125,129,000	-125,757,000	-126,918,000	-131,305,000	-109,353,000	-109,380,000	-110,115,000	-112,145,000	-100,156,000	-100,823,000	-84,167,000	-87,769,000	-85,953,000	-85,939,000	-64,470,000	-66,087,000	-64,601,000	-65,434,000	-57,031,000	-59,378,000	-57,845,000	-57,846,000	-49,336,000	-57,895,000	-50,405,000	-51,734,000	-33,916,000	-34,883,000	-34,411,000	-34,386,000	-25,431,000	-25,489,000	-26,258,000	-26,652,000	-21,392,000	-21,889,000		-24,146,000	-20,437,000	-20,406,000
repayment of borrowings	-149,875,000	-65,000,000	-195,000,000	-25,000,000	0	-339,063,000	-2,187,000	-2,188,000	-2,187,000	-2,188,000	-2,188,000	0	0	-5,000,000	0	-533,565,000			0	0
proceeds from borrowings	115,000,000	100,000,000	220,000,000	0	0	336,875,000													0	0	1,000,000,000	405,000,000						0
payment of debt issuance costs			0	0	0	-3,739,000																						0																								0
payment of contingent consideration and deferred purchase price from acquisitions	-11,906,000	-239,000
proceeds from exercise of stock options	3,914,000	394,000																					2,184,000	161,000	165,000	726,000	240,000	246,000	17,000	102,000	854,000	508,000	648,000	625,000	819,000	779,000	1,004,000	2,438,000		673,000	1,128,000	632,000		3,603,000	3,696,000	1,710,000		2,428,000	3,116,000	3,764,000		3,206,000	4,212,000	3,343,000		1,144,000	5,805,000	6,810,000		11,952,000				0
net cash from financing activities	-321,102,000	-321,722,000	-476,183,000	-350,266,000	-368,636,000	-207,223,000	-111,567,000	-130,312,000	-553,759,000	-158,293,000	-172,553,000	-269,891,000	-16,819,000	-966,117,000	-91,744,000	64,391,000	11,316,000	245,542,000	-229,554,000	-274,433,000	65,030,000	-340,081,000	413,648,000	-58,766,000	-49,914,000	-341,635,000	-707,083,000	-97,758,000	304,416,000	-126,058,000	-33,668,000	-43,251,000	-65,398,000	-125,226,000	-299,996,000	436,430,000	-139,399,000	-362,309,000	-276,084,000	419,451,000	-96,282,000	-27,136,000	-29,951,000	-301,528,000	-1,511,000	-109,338,000	1,006,000	-108,497,000	-7,896,000	-30,461,000	-112,046,000	-8,315,000	-202,099,000	-516,000	-43,639,000	-1,381,000	4,160,000	-137,134,000	2,173,000	1,064,298,000
effect of exchange rate changes	6,174,000	4,209,000	-9,345,000	6,299,000	-1,401,000	-2,959,000	5,722,000	-3,615,000	344,000	2,958,000	10,500,000	-10,366,000	-13,782,000	-4,891,000	-1,301,000	-4,062,000	443,000	-4,013,000	8,181,000	4,244,000	2,011,000	-10,762,000	4,771,000	-4,971,000	1,171,000	501,000	-352,000	-2,168,000	-7,618,000	3,659,000	1,602,000	1,465,000	3,054,000	2,978,000	-9,405,000	-834,000	-5,173,000	2,107,000		-2,697,000	1,488,000	-4,275,000		-5,932,000	181,000	566,000		2,393,000	-2,270,000	-3,798,000		3,418,000	-3,260,000	2,748,000		-5,966,000	1,824,000	2,354,000		-359,000	1,444,000	-1,873,000			3,450,000	-1,962,000		-1,095,000	564,000	367,000
net increase in cash, cash equivalents and restricted cash	-13,353,000	-48,680,000	-91,628,000	49,578,000	-67,914,000	57,622,000	-466,859,000	136,223,000	-288,279,000	87,044,000
cash, cash equivalents and restricted cash, beginning of period	0	409,351,000	0	0	0	461,693,000	0	0	0	993,564,000
cash, cash equivalents and restricted cash, end of period	-13,353,000	360,671,000		49,578,000	-67,914,000	519,315,000		136,223,000	-288,279,000	1,080,608,000
supplemental disclosure of cash flow information:
cash paid for interest	56,035,000	33,648,000	54,989,000	34,231,000	56,682,000	34,050,000	57,245,000	34,407,000	56,858,000	33,803,000	57,954,000	28,977,000	50,409,000	27,776,000	49,704,000	24,555,000	57,750,000	19,326,000	53,557,000	19,211,000	50,128,000	40,495,000	36,469,000	35,156,000	34,711,000	35,148,000	34,483,000	35,131,000	21,251,000	35,121,000	21,238,000	35,107,000	21,241,000	34,916,000	21,251,000	23,228,000	21,209,000	23,451,000	21,188,000	175,000	20,586,000	161,000	2,846,000	5,041,000	4,804,000	4,542,000	5,330,000	4,802,000	5,057,000	5,240,000	8,151,000	7,187,000	10,543,000	10,863,000	11,436,000	11,371,000	16,325,000	13,581,000	15,952,000	15,589,000	4,607,000	3,952,000	4,247,000	4,204,000	4,498,000	5,304,000	5,373,000	5,282,000	6,337,000	8,975,000
cash paid for income taxes, net of refunds received	101,041,000	11,247,000	39,605,000	48,191,000	101,839,000	11,393,000	42,733,000	59,159,000	119,622,000	18,965,000	25,961,000	30,691,000	106,389,000	17,645,000	58,888,000	80,593,000	74,125,000	9,014,000
supplemental disclosure of non-cash investing activities
property, equipment and leasehold improvements in other accrued liabilities	-5,641,000	10,576,000	-524,000	-3,656,000	4,141,000	2,668,000	-1,996,000	-833,000	411,000	5,156,000	-77,000	-3,002,000	-1,190,000	6,118,000	-1,323,000	428,000	706,000	3,687,000															821,000	2,944,000	-671,000	-949,000	965,000	5,077,000	-3,975,000	1,888,000	-7,239,000	12,970,000	2,802,000	-10,647,000	11,734,000	2,842,000	-1,823,000	651,000	3,313,000	1,255,000	112,000	-4,477,000	4,684,000	3,256,000	-490,000	-3,085,000	4,635,000	721,000	-2,379,000	-205,000	1,150,000	2,255,000		-936,000	-1,831,000	4,280,000
acquisition of a business, net of cash acquired						-7,820,000									-294,000
gain on remeasurement of equity method investment
loss on impairment of right of use assets											0	0
acquisition of equity method investment											0				-26,284,000				0	0	6,000	-190,822,000
cash, cash equivalent and restricted cash, end of period
supplemental disclosure of non-cash financing activities
cash dividends declared, but not yet paid			412,000	412,000	393,000	368,000	488,000	439,000	503,000	511,000	478,000	505,000	404,000	2,361,000	503,000	514,000	374,000	1,208,000	-67,000	376,000	513,000	616,000	261,000	293,000	248,000	237,000	-27,000	181,000	371,000	337,000	297,000	365,000	266,000	269,000	220,000	256,000	197,000	157,000	11,000
changes in assets and liabilities, net of the effect of acquisitions and dispositions:
acquisition of assets, net of cash acquired
proceeds from borrowings, inclusive of premium											0	0	350,000,000	5,000,000	0	700,000,000	600,000,000	503,750,000
payment of debt issuance costs in connection with debt											-1,000	-282,000	-1,718,000	-559,000	-477,000	-10,819,000	-5,349,000	-4,967,000	0	0	-11,759,000	-4,934,000													0
payment of contingent consideration											0	-1,000	-78,000	-132,000
net increase in cash											126,452,000	24,812,000	162,985,000	-742,134,000			224,855,000	446,626,000					625,417,000	110,033,000			-494,222,000	30,802,000			90,487,000				-182,228,000															79,720,000			7,285,000	13,811,000	30,636,000	45,680,000	48,255,000	-141,783,000	28,840,000			-91,675,000				8,804,000	21,625,000	214,158,000	10,365,000	-11,889,000
cash and cash equivalent, beginning of period											0	0	0	1,421,449,000	0	0	0	1,300,521,000	0	0	0	1,506,567,000		0	0	904,176,000		0	0	889,502,000		0	0	791,834,000		0
cash and cash equivalent, end of period											126,452,000	24,812,000	162,985,000	679,315,000	136,785,000	-687,338,000	224,855,000	1,747,147,000	-2,337,000	-82,119,000	318,121,000	1,066,856,000		110,033,000	128,336,000	642,781,000		30,802,000	517,768,000	849,828,000		48,434,000	53,609,000	696,972,000		569,448,000
net decrease in cash																				-82,119,000	318,121,000	-439,711,000				-261,395,000				-39,674,000			53,609,000	-94,862,000
gain on divestitures, net of costs																											-49,347,000
acquisitions, net of cash acquired																																			0	0	0	-60,000					-41,000				0	0	-100,000	-23,168,000									-300,000
proceeds from the sale of capital equipment																							0	0	0	10,000	0	0												0				0	1,000	7,000
proceeds from divestitures																											62,815,000
cash paid for income taxes																				53,751,000	13,876,000	5,684,000		9,622,000	38,430,000	17,312,000	33,018,000	36,702,000	64,893,000	8,602,000	28,566,000	28,915,000	57,952,000	13,294,000	28,374,000	-2,822,000	61,051,000	11,242,000	37,073,000	14,114,000	64,371,000	13,976,000	18,998,000	29,525,000	50,765,000	21,131,000	28,962,000	37,497,000	51,970,000	10,175,000	41,864,000	34,822,000	50,630,000	7,123,000	21,448,000	19,455,000	38,244,000	14,581,000	2,877,000	6,349,000	29,676,000	7,288,000	19,610,000	15,654,000	20,862,000	5,259,000	4,943,000	30,776,000	10,344,000	10,454,000
property, equipment and leasehold improvements accrued, but not yet paid																				-1,811,000	105,000	4,987,000		551,000	790,000	2,848,000		798,000	-122,000	3,101,000
income from equity method investments
other non-cash adjustments																					332,000	337,000	385,000	734,000	174,000	-200,000	-545,000	161,000	-125,000	321,000	410,000	758,000	-489,000	25,000	68,000	613,000	152,000	359,000	217,000	-6,133,000	149,000	3,700,000	83,000	1,216,000	650,000	-102,000	377,000	109,000	251,000	-1,108,000	87,000	163,000	-225,000	-74,000	122,000	371,000	-82,000	1,131,000	2,925,000
repayment of long-term debt																						-307,875,000																						-5,062,000	-5,062,000	-5,063,000		-11,000,000	-11,000,000	-26,000,000		-11,000,000				-2,811,000	-2,813,000	-1,268,625,000		-74,048,000								-5,562,000
non-cash operating lease expense																							5,711,000	5,575,000
proceeds from sales of investments
proceeds from borrowing																																			0				0																		0	1,125,000,000
cash and cash equivalents, beginning of period																																						777,706,000	0	0	0	508,799,000	0	0	0	358,434,000	0	0	0	183,309,000	0	0	0	252,211,000	0	0	0	269,423,000		0	0	176,024,000		0	0	268,077,000	0	0	0	33,818,000
cash and cash equivalents, end of period																																						445,014,000	-215,782,000	538,467,000	-82,730,000	537,751,000	60,606,000	-235,046,000	422,789,000	260,450,000	74,684,000	-50,951,000	71,672,000	263,029,000	-157,149,000	67,151,000	7,285,000	266,022,000	30,636,000	45,680,000	48,255,000	127,640,000		45,587,000	67,799,000	84,349,000		38,932,000	-204,112,000	276,881,000	21,625,000	214,158,000	10,365,000	21,929,000
repurchase of treasury shares																								-1,081,000	-743,000	-284,466,000		-46,270,000	-155,423,000	-91,277,000	-111,000	-9,373,000	-40,615,000	-100,362,000	-275,702,000	-32,118,000	-120,030,000	-346,715,000	-256,075,000	-347,073,000	-87,215,000	-10,352,000	-255,000	-300,493,000	-1,744,000	-107,159,000	-2,255,000	-100,289,000	-242,000	-9,397,000	-103,065,000	-441,000	-174,000	-2,309,000	-11,685,000	-27,000	-18,000	-2,896,000	-9,944,000	-1,757,000	-4,000	-2,446,000			-495,000	-110,000	-95,000	-29,000
includes 43.6 million accrual for amounts payable after december 31, 2018 related to the estimated one-time tax charge on the deemed repatriation of historic earnings and profits of foreign subsidiaries. see note 11, “income taxes,” for additional information.
proceeds from sale of investments																																0
gain on disposition of subsidiary, net of costs																																												-5,000
dispositions
gain on disposition																																			0
disposition, net of cash provided
includes 43.6 million accrual for amounts payable after december 31, 2018 related to the estimated one-time tax charge on the deemed repatriation of historic earnings and profits of foreign subsidiaries. see note 10, "income taxes," for additional information.
disposition, net of cash divested
amortization of discount on long-term debt																																											1,859,000	119,000	119,000	121,000	367,000	225,000	228,000	246,000	233,000	238,000			250,000	230,000	231,000	340,000	273,000	564,000	460,000	40,000	42,000	41,000	40,000	42,000
excess tax benefits from share-based compensation																																			-1,145,000	-1,604,000	-1,019,000	-3,857,000	-1,547,000	-474,000	-10,242,000	-2,990,000							-230,000	-1,172,000	531,000	80,000	-397,000	-1,262,000	-3,187,000	-313,000	-1,186,000	-2,577,000	-6,034,000	-1,040,000	-71,000	-1,392,000
changes in assets and liabilities, net of assets acquired and liabilities assumed:
treasury share repurchases awaiting settlement
excess tax benefits from stock-based compensation																																						3,857,000	1,547,000	474,000	10,242,000	2,990,000	6,032,000	-424,000	-1,599,000	-1,174,000	4,399,000
net increase in cash and cash equivalents																																						-332,692,000	-215,782,000	538,467,000	-82,730,000	28,952,000	60,606,000	-235,046,000	418,381,000	-93,576,000	74,684,000	-50,951,000
supplemental disclosure of non-cash investing activities:
supplemental disclosure of non-cash financing activities:
depreciation of property, equipment and leasehold improvements																																																		5,080,000					4,478,000	4,669,000	5,168,000	5,110,000	5,530,000	4,934,000	3,556,000	3,393,000	3,065,000	2,869,000	2,972,000	3,051,000	2,696,000	1,268,000	522,000	484,000
proceeds from redemption of short-term investments																																															0	0	0	70,900,000	54,000,000	22,598,000	107,739,000	22,695,000	77,189,000	1,922,000	21,273,000	49,908,000		27,930,000
dispositions, net of cash provided																																											0	0
proceeds from the sale of property, equipment and leasehold improvements
cash flows from financing activities:
repayment of long–term debt
payment of issuance costs in connection with long–term debt
dividends paid
proceeds from the exercise of stock options																																																														2,117,000
effect of exchange rates changes
changes in assets and liabilities, net of assets and liabilities assumed:
payment of issuance costs in connection with long-term debt
less: cash and cash equivalents attributed to discontinued operations																																														-4,408,000
gross gain on disposition of subsidiary
purchase of investments																																																							-74,896,000	-33,469,000	-82,229,000	-27,198,000	-72,764,000	-9,096,000
proceeds from borrowing, net of discount																																																			0				0				0
payment of issuance costs in connection with long term debt
changes in assets and liabilities, net of assets and liabilities acquired:
purchase of short-term investments																																																				-29,984,000	0	-76,331,000
share-based expense																																																				7,537,000	6,029,000	5,843,000
share-based compensation expense																																																		6,811,000
share-based compensation																																																							7,401,000	7,860,000	8,008,000	8,454,000
trade receivables																																																			-21,349,000	12,108,000	36,140,000	8,574,000	-13,401,000	9,074,000	8,992,000	-46,949,000		15,343,000				18,423,000				20,820,000
repayment of riskmetrics group, inc. debt acquired
effect of exchange rates changes on cash and cash equivalents
supplemental disclosure of cash flow information
acquisition of riskmetrics group, inc., class a common stock issued																																																											0
fair value of stock options and restricted stock awards assumed in connection with acquisition of riskmetrics group, inc.																																																											0
amortization of discount on long term debt																																																						229,000
repayment of long term debt																																																						-2,812,000								-10,563,000				-5,563,000				-5,562,000
due from related parties																																																															0	0	4,385,000	-2,620,000	3,929,000	-3,729,000	3,630,000	-2,968,000
payable to related parties																																																																	-36,955,000	1,963,000	24,198,000	-16,913,000	-9,177,000	24,184,000
proceeds from public offering of common stock, net of underwriting discount and other direct costs of 1.3 million
payment of financing fees
unpaid portion of measurisk, llc acquisition price
compensation payable in common stock and options																																																																			12,844,000	5,397,000
loss on write down of investment in unconsolidated company
trade receivable																																																														-37,680,000				-14,225,000				-45,621,000
prepaid taxes
proceeds from the maturity of short-term investments																																																														50,300,000
cash withdrawn from related parties
proceeds from the sales of capital equipment
repayment of acquired riskmetrics group, inc. debt acquired
expenses related to initial public offering																																																																			0
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
income tax payable
share based compensation																																																													5,366,000	5,120,000		8,354,000	8,978,000	7,736,000				4,875,000
foreign currency loss																																																																-167,000	-147,000	763,000
unpaid interest rate swap expense
loss on sale or disposal of property, equipment and leasehold improvements																																																																0				58,000
benefit from bad debts																																																													267,000	55,000								-462,000
amortization of discount on u.s. treasury securities
amortization of discount on short-term investments																																																														-271,000
foreign currency (gain) loss																																																														-82,000
gain on sale of property, equipment and leasehold improvements
purchases of short-term investments																																																														-112,556,000
net cash used by financing activities																																																														-9,500,000			-6,027,000	-5,673,000			-6,120,000	-5,562,000
loss on foreign currency exchange rates
benefit from (recovery of) bad debts																																																															163,000	438,000	62,000	314,000		276,000
loss on disposal of property, equipment, and leasehold improvements
cash withdrawn (deposited) with related parties
purchased property, equipment and leasehold improvements																																																																			-6,459,000	-13,277,000
proceeds from initial public offering of common stock, net of underwriting discount and other direct costs of 24.8 million
proceeds from issuance of long term debt
payments for cash dividends
effect of exchange rates on cash and cash equivalents
property, equipment and leasehold improvements in accounts payable and other accrued liabilities
proceeds from the maturity of investments
cash deposited with related parties																																																																				203,315,000	-39,216,000	-26,474,000
effect of exchange rate changes on cash and cash equivalents
loss on sale of property, equipment and leasehold improvements																																																																		128,000
(recovery of) benefit from bad debts
loss on sale of principal investment
proceeds from sale of principal investment
other assets
note payable to morgan stanley
payments of cash dividends
non-cash purchase of property, equipment and leasehold improvements
initial public offering related costs
proceeds on sale of property, equipment and leasehold improvements
gain on sale from discontinued operations
cumulative effect of accounting change in accounting principle net of tax
(gain) loss on sale of principal investment
proceeds from sale of discontinued operations

We provide you with 20 years of cash flow statements for MSCI stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of MSCI stock. Explore the full financial landscape of MSCI stock with our expertly curated income statements.

The information provided in this report about MSCI stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.