10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2009 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenue | |||
| Product | $ 2,362,235 | 2,582,553 | 2,604,432 |
| Service | 3,589,547 | 3,772,502 | 4,167,849 |
| Total Revenue | 5,951,782 | 6,355,055 | 6,772,281 |
| Expenses | |||
| Operating - related | |||
| Product | 1,132,302 | 1,181,322 | 1,129,519 |
| Service | 1,253,705 | 1,337,108 | 1,398,081 |
| Operating - related Expenses | 2,386,007 | 2,518,430 | 2,527,600 |
| Selling and general (Note 14) | |||
| Product | 897,946 | 998,989 | 1,014,070 |
| Service | 1,243,305 | 1,284,606 | 1,410,015 |
| Selling and General Expenses | 2,141,251 | 2,283,595 | 2,424,085 |
| Depreciation | 112,764 | 119,849 | 112,586 |
| Amortization of intangibles | 52,720 | 58,497 | 48,403 |
| Total Expenses | 4,692,742 | 4,980,371 | 5,112,674 |
| Other (loss)/income - net (Note 2 ) | (3,304) | 0 | 17,305 |
| Income from Operations | 1,255,736 | 1,374,684 | 1,676,912 |
| Interest expense - net | 76,867 | 75,624 | 40,581 |
| Income before Taxes on Income | 1,178,869 | 1,299,060 | 1,636,331 |
| Provision for taxes on income | 429,108 | 479,695 | 608,973 |
| Net income | 749,761 | 819,365 | 1,027,358 |
| Less: net income attributable to noncontrolling interests | (19,259) | (19,874) | (13,799) |
| Net income attributable to the McGraw-Hill Companies, Inc. | 730,502 | 799,491 | 1,013,559 |
| Earnings per Common Share | |||
| Basic | 2.34 | 2.53 | 3.01 |
| Diluted | 2.33 | 2.51 | 2.94 |
| Average Number of Common Shares Outstanding | |||
| Basic | 312,223 | 315,559 | 336,210 |
| Diluted | 313,296 | 318,687 | 344,785 |
| Dividend Declared per Common Share | 0.90 | 0.88 | 0.82 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 749,761 | 819,365 | 1,027,358 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 112,764 | 119,849 | 112,586 |
| Amortization of intangibles | 52,720 | 58,497 | 48,403 |
| Amortization of prepublication costs | 270,469 | 270,442 | 240,182 |
| Provision for losses on accounts receivable | 31,635 | 27,098 | 14,991 |
| Net change in deferred income taxes | 5,688 | (17) | (46,615) |
| Stock-based compensation | 22,268 | (1,934) | 124,692 |
| Loss/(gain) on disposition of businesses, net | 3,304 | 0 | (21,432) |
| Other | 2,377 | (16,029) | (1,160) |
| Change in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | 50,313 | 95,070 | 71,448 |
| Inventories | 67,645 | (26,482) | (11,601) |
| Prepaid and other current assets | (11,807) | 1,702 | (4,717) |
| Accounts payable and accrued expenses | 79 | (242,327) | 34,840 |
| Unearned revenue | 25,619 | 25,145 | 86,877 |
| Other current liabilities | (14,453) | 26,317 | 71,636 |
| Net change in prepaid/accrued income taxes | (17,892) | 7,354 | (36,940) |
| Net change in other assets and liabilities | (29,711) | 4,703 | 6,403 |
| Cash provided by operating activities | 1,320,779 | 1,168,753 | 1,716,951 |
| Cash Flows from Investing Activities | |||
| Investment in prepublication costs | (176,996) | (254,106) | (298,984) |
| Purchase of property and equipment | (68,526) | (105,978) | (229,609) |
| Acquisition of businesses and equity interests | 0 | (48,261) | (86,707) |
| Disposition of businesses and property and equipment | 15,196 | 440 | 62,261 |
| Additions to technology projects | (23,764) | (25,353) | (16,654) |
| Change in short-term investments | (24,602) | 0 | 0 |
| Cash used for investing activities | (278,692) | (433,258) | (569,693) |
| Cash Flows from Financing Activities | |||
| Dividends paid to shareholders | (281,553) | (280,455) | (277,746) |
| Proceeds from issuance of senior notes, net | 0 | 0 | 1,188,803 |
| Payments/additions on short-term debt, net | (70,000) | 70,000 | (2,345) |
| Repurchase of treasury shares | 0 | (447,233) | (2,212,655) |
| Exercise of stock options | 25,174 | 41,420 | 146,867 |
| Excess tax benefit from share-based payments | 329 | 3,981 | 35,849 |
| Cash used for financing activities | (326,050) | (612,287) | (1,121,227) |
| Effect of exchange rate changes on cash | 22,219 | (47,633) | 16,567 |
| Net change in cash and equivalents | 738,256 | 75,575 | 42,598 |
| Cash and equivalents at beginning of year | 471,671 | 396,096 | |
| Cash and equivalents at end of year | 1,209,927 | 471,671 | 396,096 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2009 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| ASSETS | ||
| Current Assets | ||
| Cash and equivalents | $ 1,209,927 | 471,671 |
| Short-term investments | 24,602 | 0 |
| Accounts receivable (net of allowances for doubtful accounts and sales returns: 2009 - $276,110; 2008 - $268,685) | 969,662 | 1,060,858 |
| Inventories: | ||
| Finished goods | 290,415 | 349,203 |
| Work-in-process | 3,858 | 4,359 |
| Paper and other materials | 6,956 | 16,117 |
| Total inventories | 301,229 | 369,679 |
| Deferred income taxes | 278,414 | 285,364 |
| Prepaid and other current assets | 152,562 | 115,151 |
| Total current assets | 2,936,396 | 2,302,723 |
| Prepublication Costs (net of accumulated amortization: 2009 - $1,005,114; 2008 - $943,022 | 460,843 | 552,534 |
| Investments and Other Assets | ||
| Assets for pension benefits | 78,522 | 52,994 |
| Deferred income taxes | 24,072 | 79,559 |
| Other | 166,379 | 176,900 |
| Total investments and other assets | 268,973 | 309,453 |
| Property and Equipment - At Cost | ||
| Land | 14,281 | 13,841 |
| Buildings and leasehold improvements | 598,472 | 575,850 |
| Equipment and furniture | 957,697 | 984,260 |
| Total property and equipment | 1,570,450 | 1,573,951 |
| Less - accumulated depreciation | (990,654) | (952,889) |
| Net property and equipment | 579,796 | 621,062 |
| Goodwill and Other Intangible Assets | ||
| Goodwill - net | 1,690,507 | 1,703,240 |
| Indefinite-lived intangible assets | 202,065 | 202,065 |
| Copyrights - net | 146,239 | 162,307 |
| Other intangible assets - net | 190,431 | 226,758 |
| Net goodwill and other intangible assets | 2,229,242 | 2,294,370 |
| Total Assets | 6,475,250 | 6,080,142 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current Liabilities | ||
| Notes payable | 22 | 70,022 |
| Accounts payable | 301,828 | 337,459 |
| Accrued royalties | 114,157 | 111,471 |
| Accrued compensation and contributions to retirement plans | 450,673 | 420,515 |
| Income taxes currently payable | 17,086 | 17,209 |
| Unearned revenue | 1,115,357 | 1,099,167 |
| Deferred gain on sale leaseback | 11,236 | 10,726 |
| Other current liabilities | 441,595 | 464,134 |
| Total current liabilities | 2,451,954 | 2,530,703 |
| Other Liabilities | ||
| Long-term debt | 1,197,791 | 1,197,611 |
| Deferred income taxes | 9,965 | 3,406 |
| Liability for pension and other postretirement benefits | 511,683 | 606,331 |
| Deferred gain on sale leaseback | 147,838 | 159,115 |
| Other non-current liabilities | 226,842 | 230,105 |
| Total other liabilities | 2,094,119 | 2,196,568 |
| Total liabilities | 4,546,073 | 4,727,271 |
| Commitments and Contingencies (Notes 6 and 15) | ||
| Equity | ||
| Common stock, $1 par value: authorized - 600,000,000 shares; issued 411,709,328 shares in 2009 and 2008) | 411,709 | 411,709 |
| Additional paid-in capital | 5,125 | 55,150 |
| Retained income | 6,522,613 | 6,070,793 |
| Accumulated other comprehensive loss | (343,017) | (444,022) |
| Less - Common stock in treasury - at cost (96,368,589 shares in 2009 and 97,303,901 shares in 2008) | (4,749,143) | (4,811,294) |
| Total equity - controlling interests | 1,847,287 | 1,282,336 |
| Total equity - noncontrolling interests | 81,890 | 70,535 |
| Total equity | 1,929,177 | 1,352,871 |
| Total Liabilities and Equity | 6,475,250 | 6,080,142 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2009 | |
| 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 |