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: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating cash flows: | |||
| Net income before non-controlling interests | $ 1,636 | 1,497 | 1,385 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization of fixed assets and capitalized software | 314 | 302 | 286 |
| Amortization of intangible assets | 109 | 86 | 72 |
| Intangible asset impairment | 0 | 0 | 5 |
| Adjustments and payments related to contingent consideration liability | 11 | 19 | 24 |
| Cost of early extinguishment of debt | 0 | 137 | 24 |
| Provision for deferred income taxes | 178 | 127 | 184 |
| Gain on investments | (38) | (37) | (69) |
| (Gain) Loss on disposition of assets | (13) | (38) | 1 |
| Share-based compensation expense | 88 | 93 | 129 |
| Changes in assets and liabilities: | |||
| Net receivables | (52) | (58) | (245) |
| Other current assets | 3 | 8 | 1 |
| Other assets | (10) | 13 | (141) |
| Accounts payable and accrued liabilities | (125) | 45 | 106 |
| Accrued compensation and employee benefits | 23 | 167 | (8) |
| Accrued income taxes | (15) | 33 | 43 |
| Contributions to pension and other benefit plans in excess of current year expense/credit | (231) | (152) | (432) |
| Other liabilities | (60) | (196) | 8 |
| Effect of exchange rate changes | 70 | 73 | (32) |
| Net cash provided by operations | 1,888 | 2,119 | 1,341 |
| Financing cash flows: | |||
| Purchase of treasury shares | (1,400) | (800) | (550) |
| Proceeds from debt | 1,091 | 1,386 | 547 |
| Repayments of debt | (61) | (331) | (260) |
| Payments for early extinguishment of debt | 0 | (765) | (274) |
| Shares withheld for taxes on vested units treasury shares | (49) | (64) | (79) |
| Issuance of common stock from treasury shares | 224 | 263 | 352 |
| Payments of deferred and contingent consideration for acquisitions | (49) | (55) | (9) |
| Distributions of non-controlling interests | (30) | (20) | (28) |
| Dividends paid | (632) | (582) | (533) |
| Net cash used for financing activities | (906) | (968) | (834) |
| Investing cash flows: | |||
| Capital expenditures | (325) | (368) | (401) |
| Net (purchases) sales of long-term investments | (65) | 6 | 93 |
| Purchase of equity investment | 0 | (304) | 0 |
| Proceeds from sales of fixed assets | 2 | 3 | 5 |
| Dispositions | 71 | 0 | 5 |
| Acquisitions | (952) | (554) | (142) |
| Other, net | 4 | (5) | (6) |
| Net cash used for investing activities | (1,265) | (1,222) | (446) |
| Effect of exchange rate changes on cash and cash equivalents | (301) | (274) | (59) |
| (Decrease) increase in cash and cash equivalents | (584) | (345) | 2 |
| Cash and cash equivalents at beginning of period | 1,958 | 2,303 | |
| Cash and cash equivalents at end of period | 1,374 | 1,958 | 2,303 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2015 | |
| 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 |