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: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating cash flows: | |||
| Net income before non-controlling interests | $ 1,385 | 1,201 | 1,015 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization of fixed assets and capitalized software | 286 | 277 | 267 |
| Amortization of intangible assets | 72 | 72 | 65 |
| Intangible asset impairment | 5 | 8 | 0 |
| Adjustments to acquisition related contingent consideration liability | 24 | (44) | 0 |
| Cost of early extinguishment of debt | 24 | 0 | 72 |
| Provision for deferred income taxes | 184 | 96 | 178 |
| Gain on investments | (69) | (24) | (8) |
| Loss on disposition of assets | 1 | 23 | 35 |
| Stock option expense | 18 | 26 | 21 |
| Changes in assets and liabilities: | |||
| Net receivables | (245) | (144) | 143 |
| Other current assets | (70) | (37) | (225) |
| Other assets | (766) | (177) | (94) |
| Accounts payable and accrued liabilities | 106 | (210) | 108 |
| Accrued compensation and employee benefits | (8) | 72 | 107 |
| Accrued income taxes | 43 | 44 | 1 |
| Other liabilities | 383 | 174 | 32 |
| Effect of exchange rate changes | (32) | (35) | (12) |
| Net cash provided by operations | 1,341 | 1,322 | 1,705 |
| Financing cash flows: | |||
| Purchase of treasury shares | (550) | (230) | (361) |
| Proceeds from debt | 547 | 248 | 496 |
| Repayments of debt | (260) | (259) | (11) |
| Payments for early extinguishment of debt | (274) | 0 | (672) |
| Purchase of non-controlling interests | 0 | 0 | (21) |
| Shares withheld for taxes on vested units treasury shares | (79) | (97) | (93) |
| Issuance of common stock from treasury shares | 352 | 248 | 162 |
| Payments of contingent consideration for acquisitions | (9) | (30) | (16) |
| Distributions of non-controlling interests | (28) | (16) | (11) |
| Dividends paid | (533) | (497) | (480) |
| Net cash used for financing activities | (834) | (633) | (1,007) |
| Investing cash flows: | |||
| Capital expenditures | (401) | (320) | (280) |
| Net sales of long-term investments | 93 | 20 | 62 |
| Proceeds from sales of fixed assets | 5 | 6 | 3 |
| Dispositions | 5 | 0 | 0 |
| Acquisitions | (142) | (292) | (237) |
| Other, net | (6) | 3 | (5) |
| Net cash used for investing activities | (446) | (583) | (457) |
| Effect of exchange rate changes on cash and cash equivalents | (59) | 82 | (22) |
| Increase in cash and cash equivalents | 2 | 188 | 219 |
| Cash and cash equivalents at beginning of period | 2,301 | 2,113 | |
| Cash and cash equivalents at end of period | 2,303 | 2,301 | 2,113 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2013 | |
| 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 |