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: 2011 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 7, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenue | |||
| Product | $ 2,275 | 2,411 | 2,362 |
| Service | 3,971 | 3,661 | 3,508 |
| Total revenue | 6,246 | 6,072 | 5,870 |
| Expenses | |||
| Operating-related expenses | |||
| Product | 1,008 | 1,080 | 1,132 |
| Service | 1,392 | 1,215 | 1,207 |
| Total operating-related expenses | 2,400 | 2,295 | 2,339 |
| Selling and general expenses | 2,281 | 2,234 | 2,113 |
| Depreciation | 98 | 98 | 106 |
| Amortization of intangibles | 58 | 43 | 50 |
| Total expenses | 4,837 | 4,670 | 4,608 |
| Other (income) loss | (13) | (11) | 3 |
| Operating income | 1,422 | 1,413 | 1,259 |
| Interest expense, net | 75 | 82 | 77 |
| Income from continuing operations before taxes on income | 1,347 | 1,331 | 1,182 |
| Provision for taxes on income | 489 | 483 | 429 |
| Income from continuing operations | 858 | 848 | 753 |
| Income (loss) from discontinued operations, net of tax | 76 | 4 | (3) |
| Net income | 934 | 852 | 750 |
| Less: net income attributable to noncontrolling interests | (23) | (24) | (19) |
| Net income attributable to The McGraw-Hill Companies, Inc. | 911 | 828 | 731 |
| Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Income from continuing operations | 835 | 824 | 734 |
| Income (loss) from discontinued operations, net of tax | 76 | 4 | (3) |
| Net income | 911 | 828 | 731 |
| Earnings per share attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Basic: | |||
| Income from continuing operations | 2.80 | 2.67 | 2.35 |
| Income (loss) from discontinued operations, net of tax | 0.25 | 0.01 | (0.01) |
| Net income | 3.05 | 2.68 | 2.34 |
| Diluted: | |||
| Income from continuing operations | 2.75 | 2.64 | 2.34 |
| Income (loss) from discontinued operations, net of tax | 0.25 | 0.01 | (0.01) |
| Net income | 3.00 | 2.65 | 2.33 |
| Average number of common shares outstanding: | |||
| Basic | 298 | 309 | 312 |
| Diluted | 304 | 312 | 313 |
| Dividend declared per common share | 1.00 | 0.94 | 0.90 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 7, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities: | |||
| Net income | $ 934 | 852 | 750 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 127 | 125 | 138 |
| Amortization of intangibles | 60 | 46 | 53 |
| Amortization of prepublication costs | 198 | 246 | 270 |
| Provision for losses on accounts receivable | 1 | 19 | 32 |
| Deferred income taxes | 10 | 74 | 6 |
| Stock-based compensation | 97 | 66 | 22 |
| (Gain) loss on dispositions | (136) | (11) | 3 |
| Other | 93 | 34 | 11 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (55) | (37) | 50 |
| Inventories | 13 | 27 | 68 |
| Prepaid and other current assets | (11) | 1 | (12) |
| Accounts payable and accrued expenses | (67) | 134 | 0 |
| Unearned revenue | 83 | 75 | 26 |
| Other current liabilities | (67) | (19) | (14) |
| Net change in prepaid/accrued income taxes | 49 | (38) | (18) |
| Net change in other assets and liabilities | 15 | (136) | (55) |
| Cash provided by operating activities | 1,344 | 1,458 | 1,330 |
| Investing Activities: | |||
| Investment in prepublication costs | (158) | (151) | (177) |
| Capital expenditures | (119) | (115) | (92) |
| Acquisitions, including contingent payments, net of cash acquired | (200) | (364) | 0 |
| Proceeds from dispositions | 238 | 31 | 15 |
| Changes in short-term investments | (7) | 2 | (25) |
| Cash used for investing activities | (246) | (597) | (279) |
| Financing Activities: | |||
| Payments on short-term debt, net | 0 | 0 | (70) |
| Dividends paid to shareholders | (296) | (292) | (281) |
| Dividends paid to noncontrolling interests | (12) | (19) | (9) |
| Other payments to noncontrolling interests | (15) | (18) | 0 |
| Repurchase of treasury shares | (1,500) | (256) | 0 |
| Exercise of stock options | 139 | 50 | 25 |
| Excess tax benefits from share-based payments | 19 | 2 | 0 |
| Cash used for financing activities | (1,665) | (533) | (335) |
| Effect of exchange rate changes on cash | (15) | (12) | 22 |
| Net change in cash and equivalents | (582) | 316 | 738 |
| Cash and equivalents at beginning of year | 1,526 | 1,210 | |
| Cash and equivalents at end of year | 944 | 1,526 | 1,210 |
| Supplemental Cash Flow Data: | |||
| Interest paid | 71 | 71 | 71 |
| Income taxes paid, net | 452 | 410 | 416 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 7, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 944 | 1,526 |
| Short-term investments | 29 | 22 |
| Accounts receivable, net of allowance for doubtful accounts and sales returns: 2011 - $242; 2010 - $275 | 1,045 | 973 |
| Total inventories, net | 263 | 275 |
| Deferred income taxes | 260 | 281 |
| Prepaid and other current assets | 138 | 298 |
| Total current assets | 2,679 | 3,375 |
| Prepublication costs, net of accumulated amortization: 2011 - $1,066; 2010 - $1,089 | 325 | 365 |
| Property and equipment: | ||
| Land | 11 | 12 |
| Buildings and leasehold improvements | 589 | 581 |
| Equipment and furniture | 966 | 938 |
| Total property and equipment | 1,566 | 1,531 |
| Less: accumulated depreciation | (1,066) | (1,009) |
| Property and equipment, net | 500 | 522 |
| Goodwill | 2,048 | 1,887 |
| Other intangible assets, net | 608 | 616 |
| Other non-current assets | 267 | 282 |
| Total assets | 6,427 | 7,047 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 347 | 392 |
| Accrued royalties | 119 | 114 |
| Accrued compensation and contributions to retirement plans | 510 | 498 |
| Short-term debt | 400 | 0 |
| Income taxes currently payable | 29 | 24 |
| Unearned revenue | 1,303 | 1,204 |
| Other current liabilities | 422 | 449 |
| Total current liabilities | 3,130 | 2,681 |
| Long-term debt | 798 | 1,198 |
| Pension and other postretirement benefits | 513 | 436 |
| Other non-current liabilities | 402 | 440 |
| Total liabilities | 4,843 | 4,755 |
| Commitments and contingencies (Note 13) | ||
| Equity : | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2011 and 2010 | 412 | 412 |
| Additional paid-in capital | 94 | 67 |
| Retained income | 7,667 | 7,057 |
| Accumulated other comprehensive loss | (425) | (367) |
| Less: common stock in treasury - at cost: 2011 - 136 million shares; 2010 - 104 million shares | (6,240) | (4,958) |
| Total equity - controlling interests | 1,508 | 2,211 |
| Total equity - noncontrolling interests | 76 | 81 |
| Total equity | 1,584 | 2,292 |
| Total liabilities and equity | 6,427 | 7,047 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2011 | |
| 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 |