$MBGL

S&P Global Mobility Holding Co

CIK:0002090312|SEC Filings

CONDENSED COMBINED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 468	$ 439	$ 923	$ 859
Expenses:
Operating-related expenses	134	132	270	259
Selling and general expenses	175	134	335	265
Depreciation	3	3	7	7
Amortization of intangibles	74	74	148	148
Total expenses	386	343	760	679
Operating profit	82	96	163	180
Interest expense, net	7	4	10	7
Income before provision for income taxes	75	92	153	173
Provision for taxes on income	22	27	45	50
Net income	$ 53	$ 65	$ 108	$ 123
Net income per common share
Basic (in USD per share)	$ 0.18	$ 0.22	$ 0.37	$ 0.42
Diluted (in USD per share)	$ 0.18	$ 0.22	$ 0.37	$ 0.42

CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net income	$ 108	$ 123
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	7	7
Amortization of intangibles	148	148
Provision for losses on accounts receivable	2	2
Deferred income taxes	(38)	(43)
Stock-based compensation	9	9
Restructuring charges	(1)	0
Changes in operating assets and liabilities, net:
Accounts receivable	(16)	(4)
Due from related parties	(8)	2
Prepaid and other current assets	(15)	(4)
Accounts payable and accrued expenses	(26)	(25)
Due to related parties	(19)	12
Unearned revenue	25	20
Other current liabilities	11	0
Net change in other assets and liabilities	2	(14)
Cash provided by operating activities	189	233
Investing Activities:
Capital expenditures	(12)	(8)
Purchases of equity investments	(3)	(3)
Cash used for investing activities	(15)	(11)
Financing Activities:
Proceeds from issuance of Senior Notes	1,986	0
Net transfers to Parent	(2,011)	(190)
Payments related to loan from related parties	0	(18)
Contingent consideration payments	0	(2)
Cash used for financing activities	(25)	(210)
Effect of exchange rate changes on cash	(1)	1
Net change in cash and cash equivalents	148	13
Cash and cash equivalents at beginning of period	38	27
Cash and cash equivalents at end of period	186	40
Supplemental non-cash disclosures:
Consolidation of Canada Carfax Loan	230	0
Accrued debt issuance costs	$ 5	$ 0

CONDENSED COMBINED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 186	$ 38
Due from related parties – current	$ 17	$ 8
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration]	Related Party	Related Party
Accounts receivable, net of allowance for doubtful accounts: 2026 – $2; 2025 – $2	$ 216	$ 203
Prepaid and other current assets	47	32
Total current assets	466	281
Property and equipment, net of accumulated depreciation: 2026 – $84; 2025 – $81	18	19
Right of use assets	33	16
Goodwill	8,845	8,845
Other intangible assets, net	3,640	3,789
Other non-current assets	58	45
Total assets	13,060	12,995
Current liabilities:
Accounts payable	63	56
Due to related parties – current	$ 0	$ 19
Notes Payable, Current, Related Party [Extensible Enumeration]	Related Party	Related Party
Accrued compensation and contributions to retirement plans	$ 41	$ 64
Unearned revenue	102	78
Other current liabilities	42	45
Total current liabilities	248	262
Long-term debt	1,981	0
Operating lease liabilities	27	11
Deferred tax liability, net	967	1,006
Due to related parties – non-current	$ 0	$ 230
Notes Payable, Noncurrent, Related Party [Extensible Enumeration]	Related Party	Related Party
Other non-current liabilities	$ 2	$ 1
Total liabilities	3,225	1,510
Commitments and Contingencies
Equity:
Parent company investment	9,833	11,489
Accumulated other comprehensive income (loss)	2	(4)
Total equity	9,835	11,485	$ 11,617
Total liabilities and equity	$ 13,060	$ 12,995