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: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating cash flows: | |||
| Net income before non-controlling interests | $ 1,795 | 1,636 | 1,497 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization of fixed assets and capitalized software | 308 | 314 | 302 |
| Amortization of intangible assets | 130 | 109 | 86 |
| Adjustments and payments related to contingent consideration liability | (33) | 11 | 19 |
| Gain on deconsolidation of entity | (11) | 0 | 0 |
| Cost of early extinguishment of debt | 0 | 0 | 137 |
| Provision for deferred income taxes | 68 | 178 | 127 |
| Gain on investments | 0 | (38) | (37) |
| (Gain) Loss on disposition of assets | 6 | (13) | (38) |
| Share-based compensation expense | 109 | 88 | 93 |
| Changes in assets and liabilities: | |||
| Net receivables | (154) | (52) | (58) |
| Other current assets | (9) | 3 | 8 |
| Other assets | 34 | (10) | 13 |
| Accounts payable and accrued liabilities | 55 | (125) | 45 |
| Accrued compensation and employee benefits | 2 | 23 | 167 |
| Accrued income taxes | (21) | (15) | 33 |
| Contributions to pension and other benefit plans in excess of current year expense/credit | (279) | (231) | (152) |
| Other liabilities | (97) | (60) | (196) |
| Effect of exchange rate changes | 104 | 70 | 73 |
| Net cash provided by operations | 2,007 | 1,888 | 2,119 |
| Financing cash flows: | |||
| Purchase of treasury shares | (800) | (1,400) | (800) |
| Net increase in commercial paper | 50 | 0 | 0 |
| Proceeds from debt | 347 | 1,091 | 1,386 |
| Repayments of debt | (12) | (61) | (331) |
| Payments for early extinguishment of debt | 0 | 0 | (765) |
| Shares withheld for taxes on vested units treasury shares | (39) | (49) | (64) |
| Issuance of common stock from treasury shares | 188 | 224 | 263 |
| Payments of deferred and contingent consideration for acquisitions | (98) | (49) | (55) |
| Distributions of non-controlling interests | (21) | (30) | (20) |
| Dividends paid | (682) | (632) | (582) |
| Net cash used for financing activities | (1,067) | (906) | (968) |
| Investing cash flows: | |||
| Capital expenditures | (253) | (325) | (368) |
| Net (purchases) sales of long-term investments | 2 | (65) | 6 |
| Purchase of equity investment | 0 | 0 | (304) |
| Proceeds from sales of fixed assets | 4 | 2 | 3 |
| Dispositions | 0 | 71 | 0 |
| Acquisitions | (813) | (952) | (554) |
| Other, net | 4 | 4 | (5) |
| Net cash used for investing activities | (1,056) | (1,265) | (1,222) |
| Effect of exchange rate changes on cash and cash equivalents | (232) | (301) | (274) |
| Decrease in cash and cash equivalents | (348) | (584) | (345) |
| Cash and cash equivalents at beginning of year | 1,374 | 1,958 | |
| Cash and cash equivalents at end of year | 1,026 | 1,374 | 1,958 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2016 | |
| 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 |