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: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 7, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenue | $ 4,875 | 4,450 | 3,954 |
| Expenses: | |||
| Operating-related expenses | 1,584 | 1,486 | 1,387 |
| Selling and general expenses | 1,737 | 1,664 | 1,377 |
| Depreciation | 86 | 93 | 93 |
| Amortization of intangibles | 51 | 48 | 33 |
| Total expenses | 3,458 | 3,291 | 2,890 |
| Other loss (income) | 12 | (52) | (13) |
| Operating profit | 1,405 | 1,211 | 1,077 |
| Interest expense, net | 59 | 81 | 77 |
| Income from continuing operations before taxes on income | 1,346 | 1,130 | 1,000 |
| Provision for taxes on income | 443 | 404 | 374 |
| Income from continuing operations | 903 | 726 | 626 |
| Discontinued operations, net of tax: | |||
| (Loss) income from discontinued operations | (26) | (234) | 234 |
| Gain on sale of discontinued operations (includes $(75) accumulated other comprehensive income reclassifications in 2013 for foreign currency translation adjustment) | 589 | 0 | 74 |
| Discontinued operations, net | 563 | (234) | 308 |
| Net income | 1,466 | 492 | 934 |
| Less: net income from continuing operations attributable to noncontrolling interests | (91) | (50) | (19) |
| Less: net income from discontinued operations attributable to noncontrolling interests | 1 | (5) | (4) |
| Net income attributable to McGraw Hill Financial, Inc. | 1,376 | 437 | 911 |
| Amounts attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| Income from continuing operations | 812 | 676 | 607 |
| Income (loss) from discontinued operations | 564 | (239) | 304 |
| Net income attributable to McGraw Hill Financial, Inc. | 1,376 | 437 | 911 |
| Earnings per share attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| Basic: | |||
| Income from continuing operations (in dollars per share) | 2.96 | 2.43 | 2.03 |
| Income (loss) from discontinued operations (in dollars per share) | 2.05 | (0.86) | 1.02 |
| Net income (in dollars per share) | 5.01 | 1.57 | 3.05 |
| Diluted: | |||
| Income from continuing operations (in dollars per share) | 2.90 | 2.37 | 2.00 |
| Income (loss) from discontinued operations (in dollars per share) | 2.01 | (0.84) | 1.00 |
| Net income (in dollars per share) | 4.91 | 1.53 | 3.00 |
| Average number of common shares outstanding: | |||
| Basic (in shares) | 274,500 | 278,600 | 298,100 |
| Diluted (in shares) | 279,800 | 284,600 | 303,600 |
| Dividend declared per common share (in usd per share) | 1.12 | 1.02 | 1.00 |
| Special dividend declared per common share (in usd per share) | 0.00 | 2.50 | 0.00 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 7, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 1,466 | 492 | 934 |
| Other comprehensive income: | |||
| Foreign currency translation adjustment | 93 | 29 | (35) |
| Income tax effect | (2) | (19) | 11 |
| Foreign currency translation adjustment, net of income tax effect | 91 | 10 | (24) |
| Pension and other postretirement benefit plans | 385 | (164) | (45) |
| Income tax effect | (154) | 63 | 9 |
| Pension and other post-retirement benefit plans, net of income tax effect | 231 | (101) | (36) |
| Unrealized gain (loss) on investment and forward exchange contract | 2 | (4) | (12) |
| Income tax effect | (2) | 2 | 4 |
| Unrealized loss on investments and forward exchange contracts, net of income tax effect | 0 | (2) | (8) |
| Comprehensive income | 1,788 | 399 | 866 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (18) | (20) | (13) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (73) | (34) | 0 |
| Comprehensive income attributable to McGraw Hill Financial, Inc. | 1,697 | 345 | 853 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 7, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Activities: | |||
| Net income | $ 1,466 | 492 | 934 |
| Less: income (loss) from discontinued operations | 563 | (234) | 308 |
| Net income from continuing operations | 903 | 726 | 626 |
| Adjustments to reconcile income from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 86 | 93 | 93 |
| Amortization of intangibles | 51 | 48 | 33 |
| Provision for losses on accounts receivable | 22 | 32 | 6 |
| Deferred income taxes | 43 | 53 | 17 |
| Stock-based compensation | 99 | 93 | 77 |
| Gain on dispositions, net | (24) | 0 | (13) |
| Other | 136 | 16 | 63 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (35) | (239) | 14 |
| Prepaid and other current assets | (29) | 3 | (16) |
| Accounts payable and accrued expenses | (93) | 60 | (29) |
| Unearned revenue | 108 | 17 | 44 |
| Other current liabilities | (89) | (70) | (52) |
| Net change in prepaid / accrued income taxes | (238) | 119 | 55 |
| Net change in other assets and liabilities | (124) | (204) | 6 |
| Cash provided by operating activities from continuing operations | 816 | 747 | 924 |
| Investing Activities: | |||
| Capital expenditures | (117) | (97) | (92) |
| Acquisitions, including contingent payments, net of cash acquired | (47) | (177) | (194) |
| Proceeds from dispositions | 51 | 0 | 21 |
| Changes in short-term investments | (17) | 27 | (6) |
| Cash used for investing activities from continuing operations | (130) | (247) | (271) |
| Financing Activities: | |||
| (Payments on) / additions to short-term debt | (457) | 457 | 0 |
| Payments on senior notes | 0 | (400) | 0 |
| Dividends paid to shareholders | (308) | (984) | (296) |
| Dividends and other payments paid to noncontrolling interests | (75) | (24) | (23) |
| Repurchase of treasury shares | (978) | (295) | (1,500) |
| Exercise of stock options | 258 | 299 | 139 |
| Contingent payments | (12) | 0 | 0 |
| Purchase of additional CRISIL shares | (214) | 0 | 0 |
| Excess tax benefits from share-based payments | 43 | 42 | 20 |
| Cash used for financing activities from continuing operations | (1,743) | (905) | (1,660) |
| Effect of exchange rate changes on cash from continuing operations | (1) | 5 | (10) |
| Cash used for continuing operations | (1,058) | (400) | (1,017) |
| Cash (used for) provided by operating activities | (265) | 520 | 420 |
| Cash provided by (used for) investing activities | 2,129 | (198) | 25 |
| Cash used for financing activities | (25) | (12) | (4) |
| Effect of exchange rate changes on cash | 1 | 3 | (5) |
| Effect of change in cash and equivalents | 0 | 12 | 0 |
| Cash provided by discontinued operations | 1,840 | 325 | 436 |
| Net change in cash and equivalents | 782 | (75) | (581) |
| Cash and equivalents at beginning of year | 760 | 835 | |
| Cash and equivalents at end of year | 1,542 | 760 | 835 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 50 | 77 | 71 |
| Income taxes (including discontinued operations) | 787 | 243 | 452 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 7, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 1,542 | 760 |
| Short-term investments | 18 | 1 |
| Accounts receivable, net of allowance for doubtful accounts: 2013 - $52; 2012 - $54 | 979 | 954 |
| Deferred income taxes | 108 | 117 |
| Prepaid and other current assets | 228 | 127 |
| Assets held for sale | 61 | 1,940 |
| Total current assets | 2,936 | 3,899 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 436 | 439 |
| Equipment and furniture | 430 | 701 |
| Total property and equipment | 866 | 1,140 |
| Less: accumulated depreciation | (617) | (772) |
| Property and equipment, net | 249 | 368 |
| Goodwill | 1,412 | 1,438 |
| Other intangible assets, net | 1,033 | 1,081 |
| Asset for pension benefits | 261 | 98 |
| Other non-current assets | 170 | 168 |
| Total assets | 6,061 | 7,052 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 219 | 249 |
| Accrued compensation and contributions to retirement plans | 427 | 453 |
| Short-term debt | 0 | 457 |
| Income taxes currently payable | 15 | 158 |
| Unearned revenue | 1,309 | 1,229 |
| Other current liabilities | 402 | 457 |
| Liabilities held for sale | 0 | 664 |
| Total current liabilities | 2,372 | 3,667 |
| Long-term debt | 799 | 799 |
| Pension and other postretirement benefits | 264 | 529 |
| Deferred income taxes | 205 | 56 |
| Other non-current liabilities | 267 | 351 |
| Total liabilities | 3,907 | 5,402 |
| Redeemable noncontrolling interest | 810 | 810 |
| Commitments and contingencies (Note 12) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2013 and 2012 | 412 | 412 |
| Additional paid-in capital | 447 | 492 |
| Retained income | 7,384 | 6,525 |
| Accumulated other comprehensive loss | (196) | (517) |
| Less: common stock in treasury - at cost: 2013 - 141 million shares; 2012 - 133 million shares | (6,746) | (6,145) |
| Total equity controlling interests | 1,301 | 767 |
| Total equity noncontrolling interests (including 2013 - $25 and 2012 - $25 attributable to discontinued operations) | 43 | 73 |
| Total equity | 1,344 | 840 |
| Total liabilities and equity | 6,061 | 7,052 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2013 | |
| 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 |