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AI English summary of an SEC filing — figures as filed

MSCI logoMSCI MSCI

The company said total operating revenues for the year ended December 31, 2023 increased 12.5%. It said that adjusting for acquisitions and foreign currency exchange rate fluctuations, the increase was 11.4%.

10-KAnnual reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said total operating revenues for the year ended December 31, 2023 increased 12.5%. It said that adjusting for acquisitions and foreign currency exchange rate fluctuations, the increase was 11.4%.

  2. MSCI said annual recurring subscriptions operating revenues rose 12.8%. It cited growth in Index of 11.6%, ESG and Climate of 26.5%, Analytics of 6.4% and All Other - Private Assets of 22.5% as the main drivers.

  3. The company said total operating expenses for the year rose 9.9%, or 9.8% excluding the impact of foreign currency exchange rate fluctuations. It said net income increased 31.9%.

  4. The company cited a non-taxable one-time gain of $143.0 million from the remeasurement of its equity method investment in Burgiss, and said its annual effective tax rate was 16.1%. The company said the tax effect of the non-taxable Burgiss gain was $21.5 million.

Key figures

Fiscal year ended December 31, 2023

Revenue
$2.5B
Operating income
$1.4B
Net income
$1.1B
EPS
$14.39
Operating cash flow
$1.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual Operating Revenue Growth

The company said total operating revenues for the year ended December 31, 2023 increased 12.5%. It said that adjusting for acquisitions and foreign currency exchange rate fluctuations, the increase was 11.4%.

Source · Based on the MD&A text of the filing

Recurring Subscriptions and Segment Growth

MSCI said annual recurring subscriptions operating revenues rose 12.8%. It cited growth in Index of 11.6%, ESG and Climate of 26.5%, Analytics of 6.4% and All Other - Private Assets of 22.5% as the main drivers.

Source · Based on the MD&A text of the filing

Annual Operating Expenses and Net Income

The company said total operating expenses for the year rose 9.9%, or 9.8% excluding the impact of foreign currency exchange rate fluctuations. It said net income increased 31.9%.

Source · Based on the MD&A text of the filing

Burgiss Remeasurement Gain and Effective Tax Rate

The company cited a non-taxable one-time gain of $143.0 million from the remeasurement of its equity method investment in Burgiss, and said its annual effective tax rate was 16.1%. The company said the tax effect of the non-taxable Burgiss gain was $21.5 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.