v3.26.1

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents (includes restricted cash of $3.7 and $3.7 at June 30, 2026 and December 31, 2025, respectively)	$ 356.4	$ 515.3
Accounts receivable (net of allowances of $7.2 and $6.4 at June 30, 2026 and December 31, 2025, respectively)	884.4	986.7
Prepaid income taxes	104.0	69.3
Prepaid and other assets	91.4	73.5
Total current assets	1,436.2	1,644.8
Property, equipment and leasehold improvements, net	93.2	87.3
Right of use assets	141.5	112.9
Goodwill	2,974.2	2,923.4
Intangible assets, net	855.9	832.5
Deferred tax assets	45.7	45.9
Other non-current assets	55.8	55.7
Total assets	5,602.5	5,702.5
Current liabilities:
Accounts payable	17.2	15.3
Income taxes payable	40.3	74.4
Accrued compensation and related benefits	157.2	242.9
Other accrued liabilities	254.1	265.4
Deferred revenue	1,136.9	1,231.8
Total current liabilities	1,605.7	1,829.8
Long-term debt	6,380.4	6,202.3
Long-term operating lease liabilities	138.9	107.5
Deferred tax liabilities	28.2	101.6
Other non-current liabilities	138.8	115.8
Total liabilities	8,292.0	8,357.0
Commitments and Contingencies (see Note 7)
Shareholders’ equity (deficit):
Preferred stock (par value $0.01; 100.0 shares authorized; no shares issued)	0.0	0.0
Common stock (par value $0.01; 750.0 common shares authorized; 134.5 and 134.4 common shares issued and 72.7 and 73.6 common shares outstanding at June 30, 2026 and December 31, 2025, respectively)	1.3	1.3
Treasury shares, at cost (61.8 and 60.8 common shares held at June 30, 2026 and December 31, 2025, respectively)	(10,400.0)	(9,834.4)
Additional paid in capital	1,889.9	1,802.5
Retained earnings	5,876.7	5,427.6
Accumulated other comprehensive loss	(57.4)	(51.5)
Total shareholders’ equity (deficit)	(2,689.5)	(2,654.5)
Total liabilities and shareholders’ equity (deficit)	$ 5,602.5	$ 5,702.5

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MSCI Inc. 10-Q