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: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating cash flows: | |||
| Net income (loss) before non-controlling interests | $ 871 | 241 | (62) |
| Adjustments to reconcile net income (loss) to cash provided by operations: | |||
| Goodwill impairment charge | 315 | 540 | |
| Depreciation and amortization of fixed assets and capitalized software | 291 | 307 | 332 |
| Amortization of intangible assets | 66 | 58 | 72 |
| Provision for deferred income taxes | 16 | 42 | 103 |
| (Gains)/losses on investments | (40) | 8 | 20 |
| (Gains)/losses on disposition of assets | (17) | 56 | 52 |
| Stock option expense | 18 | 11 | 34 |
| Changes in assets and liabilities: | |||
| Net receivables | (216) | (81) | 270 |
| Other current assets | 51 | (28) | (18) |
| Other assets | (216) | 118 | (106) |
| Accounts payable and accrued liabilities | (55) | 124 | (149) |
| Accrued compensation and employee benefits | (13) | 92 | (76) |
| Accrued income taxes | 32 | (95) | (159) |
| Other liabilities | (145) | (487) | (119) |
| Effect of exchange rate changes | 79 | (41) | 206 |
| Net cash provided by operations | 722 | 640 | 940 |
| Financing cash flows: | |||
| Purchase of treasury shares | (86) | ||
| Proceeds from issuance of debt | 398 | ||
| Repayments of debt | (559) | (408) | (260) |
| Purchase of non-controlling interests | (15) | (24) | |
| Shares withheld for taxes on vested units-treasury shares | (59) | (33) | (39) |
| Issuance of common stock | 41 | 34 | 68 |
| Dividends paid | (452) | (431) | (412) |
| Net cash used for financing activities | (1,130) | (464) | (643) |
| Investing cash flows: | |||
| Capital expenditures | (271) | (305) | (386) |
| Net sales of long-term investments | 91 | 53 | 97 |
| Proceeds from sales of fixed assets | 6 | 7 | 11 |
| Dispositions | 1,202 | 75 | 56 |
| Acquisitions | (492) | (73) | (126) |
| Other, net | (1) | 7 | |
| Net cash provided by (used for) investing activities | 535 | (236) | (348) |
| Effect of exchange rate changes on cash and cash equivalents | (10) | 152 | (397) |
| Increase (decrease) in cash and cash equivalents | 117 | 92 | (448) |
| Cash and cash equivalents at beginning of period | 1,777 | 1,685 | |
| Cash and cash equivalents at end of period | 1,894 | 1,777 | 1,685 |
| Cash and cash equivalents-reported as discontinued operations | 70 | 47 | |
| Cash and cash equivalents-continuing operations | 1,894 | 1,707 | 1,638 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2010 | |
| 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 |