10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MARSH & MCLENNAN COMPANIES, INC. | |||
Ticker: MMC Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating cash flows: | |||
| Net income (loss) | $ 242 | (62) | 2,489 |
| Adjustments to reconcile net income (loss) to cash provided by operations: | |||
| Goodwill impairment charge | 315 | 540 | 0 |
| Depreciation and amortization of fixed assets and capitalized software | 307 | 332 | 366 |
| Amortization of intangible assets | 58 | 72 | 76 |
| Provision for deferred income taxes | 42 | 103 | 12 |
| (Gains)/losses on investments | 8 | 20 | (176) |
| (Gains)/losses on disposition of assets | 56 | 52 | (1,833) |
| Accrual of stock based compensation | 11 | 34 | 71 |
| Changes in assets and liabilities: | |||
| Net receivables | (81) | 270 | (321) |
| Other current assets | (28) | (18) | 370 |
| Other assets | 118 | (106) | 49 |
| Accounts payable and accrued liabilities | 124 | (149) | (350) |
| Accrued compensation and employee benefits | 92 | (76) | (28) |
| Accrued income taxes | (95) | (159) | (1,141) |
| Other liabilities | (488) | (119) | 64 |
| Effect of exchange rate changes | (41) | 206 | 49 |
| Net cash provided by (used for) operations | 640 | 940 | (303) |
| Financing cash flows: | |||
| Proceeds from issuance of debt | 398 | 0 | 3 |
| Repayments of debt | (408) | (260) | (1,120) |
| Purchase of non-controlling interests | (24) | 0 | 0 |
| Purchase of treasury shares | (33) | (39) | (1,309) |
| Issuance of common stock | 34 | 68 | 113 |
| Dividends paid | (431) | (412) | (413) |
| Net cash used for financing activities | (464) | (643) | (2,726) |
| Investing cash flows: | |||
| Capital expenditures | (305) | (386) | (378) |
| Net sales of long-term investments | 53 | 97 | 211 |
| Proceeds from sales of fixed assets | 7 | 11 | 11 |
| Dispositions | 75 | 56 | 3,357 |
| Acquisitions | (73) | (126) | (206) |
| Other, net | 7 | 0 | 1 |
| Net cash (used for) provided by investing activities | (236) | (348) | 2,996 |
| Effect of exchange rate changes on cash and cash equivalents | 152 | (397) | 77 |
| Increase (decrease) in cash and cash equivalents | 92 | (448) | 44 |
| Cash and cash equivalents at beginning of period | 1,685 | 2,133 | |
| Cash and cash equivalents at end of period | 1,777 | 1,685 | 2,133 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |