other material
confidence high
sentiment neutral
materiality 0.25
S&P Global files pro forma 2022 results reflecting IHS Markit merger and divestitures
S&P Global Inc.
- Unaudited pro forma combined revenue of $11.8B and net income of $3.17B for year ended Dec 31, 2022.
- Pro forma diluted EPS of $9.41; $44.0B total merger consideration with $31.5B goodwill.
- Divestitures removed $107M revenue; gain of $1.9B from CGS and LCD sales included.
- Purchase accounting finalized February 2023; intangibles of $18.6B, amortization $962M for 2022.
- Non-recurring merger costs of $486M in SG&A; tax impact of $75M benefit and $629M expense on dispositions.