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: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K/A (Amendment Filed: Mar 20, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue: | |||
| Total revenue | $ 4,450 | 3,954 | 3,639 |
| Expenses: | |||
| Operating-related expenses | 1,460 | 1,392 | 1,206 |
| Selling and general expenses | 1,709 | 1,387 | 1,318 |
| Depreciation | 74 | 78 | 75 |
| Amortization of intangibles | 48 | 33 | 21 |
| Total expenses | 3,291 | 2,890 | 2,620 |
| Other income | 52 | 13 | 7 |
| Operating profit | 1,211 | 1,077 | 1,026 |
| Interest expense, net | 81 | 77 | 83 |
| Income from continuing operations before taxes on income | 1,130 | 1,000 | 943 |
| Provision for taxes on income | 404 | 374 | 344 |
| Income from continuing operations | 726 | 626 | 599 |
| (Loss) income from discontinued operations, net of tax | (234) | 308 | 252 |
| Net income | 492 | 934 | 851 |
| Less: net income from continuing operations attributable to noncontrolling interests | (50) | (19) | (19) |
| Less: net income from discontinued operations attributable to noncontrolling interests | (5) | (4) | (4) |
| Net income attributable to The McGraw-Hill Companies, Inc. | 437 | 911 | 828 |
| Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Income from continuing operations | 676 | 607 | 581 |
| (Loss) income from discontinued operations | (239) | 304 | 247 |
| Net income attributable to The McGraw-Hill Companies, Inc. | 437 | 911 | 828 |
| Earnings per share attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Basic, Income from continuing operations (in usd per share) | 2.43 | 2.03 | 1.88 |
| Basic, Income from discontinued operations (in usd per share) | (0.86) | 1.02 | 0.80 |
| Basic, Net income (in usd per share) | 1.57 | 3.05 | 2.68 |
| Diluted, Income from continuing operations (in usd per share) | 2.37 | 2.00 | 1.86 |
| Diluted, Income from discontinued operations | (0.84) | 1.00 | 0.79 |
| Diluted, Net income (in usd per share) | 1.53 | 3.00 | 2.65 |
| Average number of common shares outstanding: | |||
| Basic (in shares) | 278,600 | 298,100 | 309,400 |
| Diluted (in shares) | 284,600 | 303,600 | 312,200 |
| Dividend declared per common share (in usd per share) | 1.02 | 1.00 | 0.94 |
| Special dividend declared per common share (in usd per share) | 2.50 | 0.00 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K/A (Amendment Filed: Mar 20, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 492 | 934 | 851 |
| Foreign currency translation adjustment | 29 | (35) | (9) |
| Income tax effect, foreign currency translation adjusment | (19) | 11 | 13 |
| Foreign currency translation adjustment, net of income tax effect | 10 | (24) | 4 |
| Pension and other postretirement benefit plans | (164) | (45) | (37) |
| Income tax effect, pension and other post-retirment benefit plans | 63 | 9 | 11 |
| Pension and other post-retirement benefit plans, net of income tax effect | (101) | (36) | (26) |
| Unrealized (loss) gain on investment and forward exchange contract | (4) | (12) | 5 |
| Income tax effect, unrealized gain (loss) on investments and forward exchange contracts | 2 | 4 | (2) |
| Unrealized loss on investments and forward exchange contracts, net of income tax effect | (2) | (8) | 3 |
| Comprehensive income | 399 | 866 | 832 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (20) | (13) | (27) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (34) | 0 | 0 |
| Comprehensive income attributable to The McGraw-Hill Companies, Inc. | 345 | 853 | 805 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K/A (Amendment Filed: Mar 20, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Activities: | |||
| Net income (loss) | $ 492 | 934 | 851 |
| (Loss) Income from discontinued operations | (234) | 308 | 252 |
| Income from continuing operations | 726 | 626 | 599 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 93 | 93 | 87 |
| Amortization of intangibles | 48 | 33 | 21 |
| Provision for losses on accounts receivable | 32 | 6 | 13 |
| Deferred income taxes | 53 | 17 | 33 |
| Stock-based compensation | 93 | 77 | 51 |
| (Gain) loss on dispositions | 0 | (13) | (7) |
| Other | 16 | 63 | 33 |
| Changes in operating assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (239) | 14 | (73) |
| Prepaid and other current assets | 3 | (16) | (8) |
| Accounts payable and accrued expenses | 60 | (29) | 100 |
| Unearned revenue | 17 | 44 | 57 |
| Other current liabilities | (70) | (52) | (16) |
| Net change in prepaid/accrued income taxes | 119 | 55 | (47) |
| Net change in other assets and liabilities | (204) | 6 | (139) |
| Cash provided by operating activities | 747 | 924 | 704 |
| Investing Activities: | |||
| Capital expenditures | (97) | (92) | (86) |
| Acquisitions, net of cash acquired | (177) | (194) | (327) |
| Proceeds from dispositions of property and equipment | 0 | 21 | 25 |
| Changes in short-term investments | 27 | (6) | 2 |
| Cash used for investing activities | (247) | (271) | (386) |
| Financing Activities: | |||
| Additions to short-term debt | 457 | 0 | 0 |
| Payments on senior notes | (400) | 0 | 0 |
| Dividends paid to shareholders | (984) | (296) | (292) [1] |
| Dividends paid to noncontrolling interests | (24) | (23) | (34) |
| Repurchase of treasury shares | (295) | (1,500) | (256) |
| Exercise of stock options | 299 | 139 | 50 |
| Excess tax benefits from share-based payments | 42 | 20 | 2 |
| Cash used for financing activities | (905) | (1,660) | (530) |
| Effect of exchange rate changes on cash from continuing operations | 5 | (10) | (15) |
| Cash used for continuing operations | (400) | (1,017) | (227) |
| Cash provided by operating activities | 520 | 420 | 753 |
| Cash (used for) provided by investing activities | (198) | 25 | (212) |
| Cash used for financing activities | (12) | (4) | (3) |
| Effect of exchange rate changes on cash | 3 | (5) | 4 |
| Effect of change in cash and equivalents | 12 | 0 | (17) |
| Cash provided by discontinued operations | 325 | 436 | 525 |
| Net change in cash and equivalents | (75) | (581) | 298 |
| Cash and equivalents at beginning of period | 835 | 1,416 | |
| Cash and equivalents at end of period | 760 | 835 | 1,416 |
| Supplemental Cash Flow Data: | |||
| Interest (including discontinued operations) | 77 | 71 | 71 |
| Income taxes (including discontinued operations) | 243 | 452 | 410 |
| [1] Average price paid per share information does not include the accelerated share repurchase transaction as discussed in more detail below. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K/A (Amendment Filed: Mar 20, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 760 | 835 |
| Short-term investments | 1 | 29 |
| Accounts receivable, net of allowance for doubtful accounts: 2012 - $54; 2011 - $29 | 954 | 702 |
| Deferred income taxes | 117 | 110 |
| Prepaid and other current assets | 127 | 128 |
| Assets held for sale | 1,940 | 2,508 |
| Total current assets | 3,899 | 4,312 |
| Buildings and leasehold improvements | 439 | 435 |
| Equipment and furniture | 701 | 729 |
| Total property and equipment | 1,140 | 1,164 |
| Less: accumulated depreciation | 772 | 791 |
| Property and equipment, net | 368 | 373 |
| Goodwill | 1,438 | 1,104 |
| Other intangible assets, net | 1,081 | 427 |
| Other non-current assets | 266 | 404 |
| Total assets | 7,052 | 6,620 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 249 | 223 |
| Accrued compensation and contributions to retirement plans | 453 | 415 |
| Short-term debt | 457 | 400 |
| Income taxes currently payable | 158 | 33 |
| Unearned revenue | 1,229 | 1,187 |
| Other current liabilities | 457 | 392 |
| Liabilities held for sale | 664 | 719 |
| Total current liabilities | 3,667 | 3,369 |
| Long-term debt | 799 | 798 |
| Pension and other postretirement benefits | 529 | 511 |
| Other non-current liabilities | 407 | 358 |
| Total liabilities | 5,402 | 5,036 |
| Redeemable noncontrolling interest | 810 | 0 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2012 and 2011 | 412 | 412 |
| Additional paid-in capital | 492 | 94 |
| Retained income | 6,525 | 7,667 |
| Accumulated other comprehensive loss | (517) | (425) |
| Less: common stock in treasury - at cost: 2012 - 133 million shares; 2011 - 136 million shares | (6,145) | (6,240) |
| Total equity controlling interests | 767 | 1,508 |
| Total equity noncontrolling interests (including 2012 - $25 and 2011 - $33 attributable to discontinued operations) | 73 | 76 |
| Total equity | 840 | 1,584 |
| Total liabilities and equity | 7,052 | 6,620 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Superseded Filed: Feb 28, 2013) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue: | |||
| Total revenue | $ 4,450 | 3,954 | 3,639 |
| Expenses: | |||
| Operating-related expenses | 1,460 | 1,392 | 1,206 |
| Selling and general expenses | 1,709 | 1,387 | 1,318 |
| Depreciation | 74 | 78 | 75 |
| Amortization of intangibles | 48 | 33 | 21 |
| Total expenses | 3,291 | 2,890 | 2,620 |
| Other income | 52 | 13 | 7 |
| Operating profit | 1,211 | 1,077 | 1,026 |
| Interest expense, net | 81 | 77 | 83 |
| Income from continuing operations before taxes on income | 1,130 | 1,000 | 943 |
| Provision for taxes on income | 404 | 374 | 344 |
| Income from continuing operations | 726 | 626 | 599 |
| (Loss) income from discontinued operations, net of tax | (234) | 308 | 252 |
| Net income | 492 | 934 | 851 |
| Less: net income from continuing operations attributable to noncontrolling interests | (50) | (19) | (19) |
| Less: net income from discontinued operations attributable to noncontrolling interests | (5) | (4) | (4) |
| Net income attributable to The McGraw-Hill Companies, Inc. | 437 | 911 | 828 |
| Amounts attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Income from continuing operations | 676 | 607 | 581 |
| (Loss) income from discontinued operations | (239) | 304 | 247 |
| Net income attributable to The McGraw-Hill Companies, Inc. | 437 | 911 | 828 |
| Earnings per share attributable to The McGraw-Hill Companies, Inc. common shareholders: | |||
| Basic, Income from continuing operations (in usd per share) | 2.43 | 2.03 | 1.88 |
| Basic, Income from discontinued operations (in usd per share) | (0.86) | 1.02 | 0.80 |
| Basic, Net income (in usd per share) | 1.57 | 3.05 | 2.68 |
| Diluted, Income from continuing operations (in usd per share) | 2.37 | 2.00 | 1.86 |
| Diluted, Income from discontinued operations | (0.84) | 1.00 | 0.79 |
| Diluted, Net income (in usd per share) | 1.53 | 3.00 | 2.65 |
| Average number of common shares outstanding: | |||
| Basic (in shares) | 278,600 | 298,100 | 309,400 |
| Diluted (in shares) | 284,600 | 303,600 | 312,200 |
| Dividend declared per common share (in usd per share) | 1.02 | 1.00 | 0.94 |
| Special dividend declared per common share (in usd per share) | 2.50 | 0.00 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Superseded Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 492 | 934 | 851 |
| Foreign currency translation adjustment | 29 | (35) | (9) |
| Income tax effect, foreign currency translation adjusment | (19) | 11 | 13 |
| Foreign currency translation adjustment, net of income tax effect | 10 | (24) | 4 |
| Pension and other postretirement benefit plans | (164) | (45) | (37) |
| Income tax effect, pension and other post-retirment benefit plans | 63 | 9 | 11 |
| Pension and other post-retirement benefit plans, net of income tax effect | (101) | (36) | (26) |
| Unrealized (loss) gain on investment and forward exchange contract | (4) | (12) | 5 |
| Income tax effect, unrealized gain (loss) on investments and forward exchange contracts | 2 | 4 | (2) |
| Unrealized loss on investments and forward exchange contracts, net of income tax effect | (2) | (8) | 3 |
| Comprehensive income | 399 | 866 | 832 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (20) | (13) | (27) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (34) | 0 | 0 |
| Comprehensive income attributable to The McGraw-Hill Companies, Inc. | 345 | 853 | 805 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Superseded Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating Activities: | |||
| Net income (loss) | $ 492 | 934 | 851 |
| (Loss) Income from discontinued operations | (234) | 308 | 252 |
| Income from continuing operations | 726 | 626 | 599 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 93 | 93 | 87 |
| Amortization of intangibles | 48 | 33 | 21 |
| Provision for losses on accounts receivable | 32 | 6 | 13 |
| Deferred income taxes | 53 | 17 | 33 |
| Stock-based compensation | 93 | 77 | 51 |
| (Gain) loss on dispositions | 0 | (13) | (7) |
| Other | 16 | 63 | 33 |
| Changes in operating assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (239) | 14 | (73) |
| Prepaid and other current assets | 3 | (16) | (8) |
| Accounts payable and accrued expenses | 60 | (29) | 100 |
| Unearned revenue | 17 | 44 | 57 |
| Other current liabilities | (70) | (52) | (16) |
| Net change in prepaid/accrued income taxes | 119 | 55 | (47) |
| Net change in other assets and liabilities | (204) | 6 | (139) |
| Cash provided by operating activities | 747 | 924 | 704 |
| Investing Activities: | |||
| Capital expenditures | (97) | (92) | (86) |
| Acquisitions, net of cash acquired | (177) | (194) | (327) |
| Proceeds from dispositions of property and equipment | 0 | 21 | 25 |
| Changes in short-term investments | 27 | (6) | 2 |
| Cash used for investing activities | (247) | (271) | (386) |
| Financing Activities: | |||
| Additions to short-term debt | 457 | 0 | 0 |
| Payments on senior notes | (400) | 0 | 0 |
| Dividends paid to shareholders | (984) | (296) | (292) |
| Dividends paid to noncontrolling interests | (24) | (23) | (34) |
| Repurchase of treasury shares | (295) | (1,500) | (256) |
| Exercise of stock options | 299 | 139 | 50 |
| Excess tax benefits from share-based payments | 42 | 20 | 2 |
| Cash used for financing activities | (905) | (1,660) | (530) |
| Effect of exchange rate changes on cash from continuing operations | 5 | (10) | (15) |
| Cash used for continuing operations | (400) | (1,017) | (227) |
| Cash provided by operating activities | 520 | 420 | 753 |
| Cash (used for) provided by investing activities | (198) | 25 | (212) |
| Cash used for financing activities | (12) | (4) | (3) |
| Effect of exchange rate changes on cash | 3 | (5) | 4 |
| Effect of change in cash and equivalents | 12 | 0 | (17) |
| Cash provided by discontinued operations | 325 | 436 | 525 |
| Net change in cash and equivalents | (75) | (581) | 298 |
| Cash and equivalents at beginning of period | 835 | 1,416 | |
| Cash and equivalents at end of period | 760 | 835 | 1,416 |
| Supplemental Cash Flow Data: | |||
| Interest (including discontinued operations) | 77 | 71 | 71 |
| Income taxes (including discontinued operations) | 243 | 452 | 410 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Superseded Filed: Feb 28, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 760 | 835 |
| Short-term investments | 1 | 29 |
| Accounts receivable, net of allowance for doubtful accounts: 2012 - $54; 2011 - $29 | 954 | 702 |
| Deferred income taxes | 117 | 110 |
| Prepaid and other current assets | 127 | 128 |
| Assets held for sale | 1,940 | 2,508 |
| Total current assets | 3,899 | 4,312 |
| Buildings and leasehold improvements | 439 | 435 |
| Equipment and furniture | 701 | 729 |
| Total property and equipment | 1,140 | 1,164 |
| Less: accumulated depreciation | 772 | 791 |
| Property and equipment, net | 368 | 373 |
| Goodwill | 1,438 | 1,104 |
| Other intangible assets, net | 1,081 | 427 |
| Other non-current assets | 266 | 404 |
| Total assets | 7,052 | 6,620 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 249 | 223 |
| Accrued compensation and contributions to retirement plans | 453 | 415 |
| Short-term debt | 457 | 400 |
| Income taxes currently payable | 158 | 33 |
| Unearned revenue | 1,229 | 1,187 |
| Other current liabilities | 457 | 392 |
| Liabilities held for sale | 664 | 719 |
| Total current liabilities | 3,667 | 3,369 |
| Long-term debt | 799 | 798 |
| Pension and other postretirement benefits | 529 | 511 |
| Other non-current liabilities | 407 | 358 |
| Total liabilities | 5,402 | 5,036 |
| Redeemable noncontrolling interest | 810 | 0 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2012 and 2011 | 412 | 412 |
| Additional paid-in capital | 492 | 94 |
| Retained income | 6,525 | 7,667 |
| Accumulated other comprehensive loss | (517) | (425) |
| Less: common stock in treasury - at cost: 2012 - 133 million shares; 2011 - 136 million shares | (6,145) | (6,240) |
| Total equity controlling interests | 767 | 1,508 |
| Total equity noncontrolling interests (including 2012 - $25 and 2011 - $33 attributable to discontinued operations) | 73 | 76 |
| Total equity | 840 | 1,584 |
| Total liabilities and equity | 7,052 | 6,620 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2012 | |
| 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 |