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: 2017 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 22, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating cash flows: | |||
| Net income before non-controlling interests | $ 1,512 | 1,795 | 1,636 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization of fixed assets and capitalized software | 312 | 308 | 314 |
| Amortization of intangible assets | 169 | 130 | 109 |
| Adjustments and payments related to contingent consideration liability | (24) | (33) | 11 |
| Gain on deconsolidation of entity | 0 | (11) | 0 |
| Provision for deferred income taxes | 396 | 68 | 178 |
| Gain on investments | (15) | 0 | (38) |
| Loss (Gain) on disposition of assets | 10 | 6 | (13) |
| Share-based compensation expense | 149 | 109 | 88 |
| Changes in assets and liabilities: | |||
| Net receivables | (454) | (154) | (52) |
| Other current assets | (3) | (9) | 3 |
| Other assets | (199) | 34 | (10) |
| Accounts payable and accrued liabilities | 87 | 55 | (125) |
| Accrued compensation and employee benefits | 63 | 2 | 23 |
| Accrued income taxes | 37 | (21) | (15) |
| Contributions to pension and other benefit plans in excess of current year expense/credit | (457) | (279) | (231) |
| Other liabilities | 406 | (97) | (60) |
| Effect of exchange rate changes | (96) | 104 | 70 |
| Net cash provided by operations | 1,893 | 2,007 | 1,888 |
| Financing cash flows: | |||
| Purchase of treasury shares | (900) | (800) | (1,400) |
| Net increase in commercial paper | 0 | 50 | 0 |
| Proceeds from issuance of debt | 987 | 347 | 1,091 |
| Repayments of debt | (315) | (12) | (61) |
| Shares withheld for taxes on vested units treasury shares | (49) | (39) | (49) |
| Issuance of common stock from treasury shares | 166 | 188 | 224 |
| Payments of deferred and contingent consideration for acquisitions | (136) | (98) | (49) |
| Distributions of non-controlling interests | (22) | (21) | (30) |
| Dividends paid | (740) | (682) | (632) |
| Net cash used for financing activities | (1,009) | (1,067) | (906) |
| Investing cash flows: | |||
| Capital expenditures | (302) | (253) | (325) |
| Net (purchases) sales of long-term investments | (13) | 2 | (65) |
| Proceeds from sales of fixed assets | 8 | 4 | 2 |
| Dispositions | 0 | 0 | 71 |
| Acquisitions | (655) | (813) | (952) |
| Other, net | 6 | 4 | 4 |
| Net cash used for investing activities | (956) | (1,056) | (1,265) |
| Effect of exchange rate changes on cash and cash equivalents | 251 | (232) | (301) |
| Increase (decrease) in cash and cash equivalents | 179 | (348) | (584) |
| Cash and cash equivalents at beginning of year | 1,026 | 1,374 | |
| Cash and cash equivalents at end of year | 1,205 | 1,026 | 1,374 |
| External Links | |
| MARSH & MCLENNAN COMPANIES, INC. (MMC) Fiscal Year 2017 | |
| 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 |