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: 2010 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 23, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | |||
| Product | $ 2,411,293 | 2,362,235 | 2,582,553 |
| Service | 3,757,038 | 3,589,547 | 3,772,502 |
| Total revenue | 6,168,331 | 5,951,782 | 6,355,055 |
| Expenses | |||
| Operating-related expenses | |||
| Product | 1,080,092 | 1,132,302 | 1,181,322 |
| Service | 1,265,936 | 1,253,705 | 1,337,108 |
| Total operating-related expenses | 2,346,028 | 2,386,007 | 2,518,430 |
| Selling and general expenses | 2,262,203 | 2,141,251 | 2,283,595 |
| Depreciation | 104,504 | 112,764 | 119,849 |
| Amortization of intangibles | 45,595 | 52,720 | 58,497 |
| Total expenses | 4,758,330 | 4,692,742 | 4,980,371 |
| Other (income) loss | (11,058) | 3,304 | 0 |
| Income from operations | 1,421,059 | 1,255,736 | 1,374,684 |
| Interest expense, net | 81,643 | 76,867 | 75,624 |
| Income before taxes on income | 1,339,416 | 1,178,869 | 1,299,060 |
| Provision for taxes on income | 487,547 | 429,108 | 479,695 |
| Net income | 851,869 | 749,761 | 819,365 |
| Less: net income attributable to noncontrolling interests | (23,806) | (19,259) | (19,874) |
| Net income attributable to The McGraw-Hill Companies, Inc. | 828,063 | 730,502 | 799,491 |
| Earnings per common share | |||
| Basic | 2.68 | 2.34 | 2.53 |
| Diluted | 2.65 | 2.33 | 2.51 |
| Average number of common shares outstanding: | |||
| Basic | 309,379 | 312,223 | 315,559 |
| Diluted | 312,220 | 313,296 | 318,687 |
| Dividend declared per common share | 0.94 | 0.90 | 0.88 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 23, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities: | |||
| Net income | $ 851,869 | 749,761 | 819,365 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 125,492 | 137,339 | 149,737 |
| Amortization of intangibles | 45,595 | 52,720 | 58,497 |
| Amortization of prepublication costs | 246,312 | 270,469 | 270,442 |
| Provision for losses on accounts receivable | 19,316 | 31,635 | 27,098 |
| Deferred income taxes | 74,406 | 5,688 | (17) |
| Stock-based compensation | 66,485 | 22,268 | (1,934) |
| (Gain) loss on dispositions | (11,058) | 3,304 | 0 |
| Other | 35,111 | 11,539 | (6,732) |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (37,039) | 50,313 | 95,070 |
| Inventories | 26,923 | 67,645 | (26,482) |
| Prepaid and other current assets | 506 | (11,807) | 1,702 |
| Accounts payable and accrued expenses | 134,003 | 79 | (242,327) |
| Unearned revenue | 74,855 | 25,619 | 25,145 |
| Other current liabilities | (18,761) | (14,453) | 26,317 |
| Net change in prepaid/accrued income taxes | (38,433) | (17,892) | 7,354 |
| Net change in other assets and liabilities | (137,403) | (54,286) | (25,185) |
| Cash provided by operating activities | 1,458,179 | 1,329,941 | 1,178,050 |
| Investing Activities: | |||
| Investment in prepublication costs | (150,842) | (176,996) | (254,106) |
| Capital expenditures | (115,443) | (92,290) | (131,331) |
| Acquisitions, including contingent payments, net of cash acquired | (364,396) | 0 | (48,261) |
| Proceeds from dispositions of businesses and property and equipment | 30,685 | 15,196 | 440 |
| Changes in short-term investments | 2,446 | (24,602) | 0 |
| Cash used for investing activities | (597,550) | (278,692) | (433,258) |
| Financing Activities: | |||
| Payments/additions on short-term debt, net | 0 | (70,000) | 70,000 |
| Dividends paid to shareholders | (292,257) | (281,553) | (280,455) |
| Dividends paid to noncontrolling interests | (18,906) | (9,162) | (9,297) |
| Other payments to noncontrolling interests | (17,844) | 0 | 0 |
| Repurchase of treasury shares | (255,808) | 0 | (447,233) |
| Exercise of stock options | 49,892 | 25,174 | 41,420 |
| Excess tax benefits from share-based payments | 1,514 | 329 | 3,981 |
| Cash used for financing activities | (533,409) | (335,212) | (621,584) |
| Effect of exchange rate changes on cash | (11,551) | 22,219 | (47,633) |
| Net change in cash and equivalents | 315,669 | 738,256 | 75,575 |
| Cash and equivalents at beginning of year | 1,209,927 | 471,671 | |
| Cash and equivalents at end of year | 1,525,596 | 1,209,927 | 471,671 |
| Supplemental Cash Flow Data: | |||
| Interest paid | 71,300 | 71,400 | 71,879 |
| Income taxes paid, net | 410,342 | 415,643 | 466,148 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 23, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 1,525,596 | 1,209,927 |
| Short-term investments | 22,156 | 24,602 |
| Accounts receivable, net of allowance for doubtful accounts and sales returns: 2010 - $275,894; 2009 - $276,110 | 990,573 | 969,662 |
| Inventories: | ||
| Finished goods | 265,408 | 290,415 |
| Work-in-process | 2,521 | 3,858 |
| Paper and other materials | 7,173 | 6,956 |
| Total inventories, net | 275,102 | 301,229 |
| Deferred income taxes | 281,689 | 278,414 |
| Prepaid and other current assets | 199,495 | 152,562 |
| Total current assets | 3,294,611 | 2,936,396 |
| Prepublication costs, net of accumulated amortization: 2010 - $1,089,263; 2009 - $1,005,114 | 364,984 | 460,843 |
| Property and equipment - at cost | ||
| Land | 14,427 | 14,281 |
| Buildings and leasehold improvements | 600,377 | 598,472 |
| Equipment and furniture | 998,749 | 957,697 |
| Total property and equipment | 1,613,553 | 1,570,450 |
| Less: accumulated depreciation | (1,064,786) | (990,654) |
| Property and equipment, net | 548,767 | 579,796 |
| Goodwill | 1,886,963 | 1,690,507 |
| Other intangible assets, net | 663,882 | 538,735 |
| Other non-current assets | 287,354 | 268,973 |
| Total assets | 7,046,561 | 6,475,250 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 396,480 | 301,828 |
| Accrued royalties | 114,466 | 114,157 |
| Accrued compensation and contributions to retirement plans | 503,019 | 450,673 |
| Income taxes currently payable | 23,685 | 17,086 |
| Unearned revenue | 1,205,744 | 1,115,357 |
| Other current liabilities | 437,480 | 452,853 |
| Total current liabilities | 2,680,874 | 2,451,954 |
| Long-term debt | 1,197,965 | 1,197,791 |
| Pension and other postretirement benefits | 436,476 | 511,683 |
| Other non-current liabilities | 439,855 | 384,645 |
| Total liabilities | 4,755,170 | 4,546,073 |
| Commitments and contingencies (Note 13) | ||
| Equity : | ||
| Common stock, $1 par value: authorized - 600,000,000 shares; issued - 411,709,328 shares in 2010 and 2009 | 411,709 | 411,709 |
| Additional paid-in capital | 67,018 | 5,125 |
| Retained income | 7,056,628 | 6,522,613 |
| Accumulated other comprehensive loss | (367,379) | (343,017) |
| Less: common stock in treasury - at cost: 2010 - 104,087,656 shares; 2009 - 96,368,589 shares | (4,957,680) | (4,749,143) |
| Total equity - controlling interests | 2,210,296 | 1,847,287 |
| Total equity - noncontrolling interests | 81,095 | 81,890 |
| Total equity | 2,291,391 | 1,929,177 |
| Total liabilities and equity | 7,046,561 | 6,475,250 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2010 | |
| 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 |