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: 2012 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 27, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating cash flows: | |||
| Net income before non-controlling interests | $ 1,201 | 1,015 | 871 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization of fixed assets and capitalized software | 277 | 267 | 291 |
| Amortization of intangible assets | 72 | 65 | 66 |
| Intangible asset impairment | 8 | ||
| Adjustments to acquisition related contingent consideration liability | (44) | ||
| Charge for early extinguishment of debt | 72 | ||
| Provision for deferred income taxes | 96 | 178 | 16 |
| Gain on investments | (24) | (8) | (40) |
| Loss (gain) on disposition of assets | 23 | 35 | (17) |
| Stock option expense | 26 | 21 | 18 |
| Changes in assets and liabilities: | |||
| Net receivables | (144) | 143 | (216) |
| Other current assets | (37) | (225) | 51 |
| Other assets | (177) | (94) | (216) |
| Accounts payable and accrued liabilities | (210) | 108 | (55) |
| Accrued compensation and employee benefits | 72 | 107 | (13) |
| Accrued income taxes | 44 | 1 | 32 |
| Other liabilities | 174 | 32 | (145) |
| Effect of exchange rate changes | (35) | (12) | 79 |
| Net cash provided by operations | 1,322 | 1,705 | 722 |
| Financing cash flows: | |||
| Purchase of treasury shares | (230) | (361) | (86) |
| Proceeds from issuance of debt | 248 | 496 | |
| Repayments of debt | (259) | (11) | (559) |
| Payments for early extinguishment of debt | (672) | ||
| Purchase of non-controlling interests | (21) | (15) | |
| Shares withheld for taxes on vested units treasury shares | (97) | (93) | (59) |
| Issuance of common stock | 248 | 162 | 41 |
| Payments of contingent consideration for acquisitions | (30) | (16) | |
| Distributions to non-controlling interests | (16) | (11) | |
| Dividends paid | (497) | (480) | (452) |
| Net cash used for financing activities | (633) | (1,007) | (1,130) |
| Investing cash flows: | |||
| Capital expenditures | (320) | (280) | (271) |
| Net sales of long-term investments | 20 | 62 | 91 |
| Proceeds from sales of fixed assets | 6 | 3 | 6 |
| Dispositions | 1,202 | ||
| Acquisitions | (292) | (237) | (492) |
| Other, net | 3 | (5) | (1) |
| Net cash (used for) provided by investing activities | (583) | (457) | 535 |
| Effect of exchange rate changes on cash and cash equivalents | 82 | (22) | (10) |
| Increase in cash and cash equivalents | 188 | 219 | 117 |
| Cash and cash equivalents at beginning of period | 2,113 | 1,894 | |
| Cash and cash equivalents at end of period | 2,301 | 2,113 | 1,894 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2012 | |
| 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 |