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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | $ 5,051 | 4,702 | 4,270 |
| Expenses: | |||
| Operating-related expenses | 1,627 | 1,564 | 1,433 |
| Selling and general expenses | 3,168 | 1,631 | 1,578 |
| Depreciation | 86 | 86 | 93 |
| Amortization of intangibles | 48 | 51 | 48 |
| Total expenses | 4,929 | 3,332 | 3,152 |
| Other loss (income) | 9 | 12 | (52) |
| Operating profit | 113 | 1,358 | 1,170 |
| Interest expense, net | 59 | 59 | 81 |
| Income from continuing operations before taxes on income | 54 | 1,299 | 1,089 |
| Provision for taxes on income | 245 | 425 | 388 |
| (Loss) income from continuing operations | (191) | 874 | 701 |
| Discontinued operations, net of tax: | |||
| Income (loss) from discontinued operations | 18 | 3 | (209) |
| Gain on sale of discontinued operations (includes $(75) accumulated other comprehensive income reclassifications in 2013 for foreign currency translation adjustment) | 160 | 589 | 0 |
| Discontinued operations, net | 178 | 592 | (209) |
| Net (loss) income | (13) | 1,466 | 492 |
| Less: net income from continuing operations attributable to noncontrolling interests | (102) | (91) | (50) |
| Less: net loss (income) from discontinued operations attributable to noncontrolling interests | 0 | 1 | (5) |
| Net (loss) income attributable to McGraw Hill Financial, Inc. | (115) | 1,376 | 437 |
| Amounts attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| (Loss) income from continuing operations | (293) | 783 | 651 |
| Income (loss) from discontinued operations | 178 | 593 | (214) |
| Net (loss) income attributable to McGraw Hill Financial, Inc. | (115) | 1,376 | 437 |
| Earnings (loss) per share attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| (Loss) income from continuing operations: | |||
| Basic (in dollars per share) | (1.08) | 2.85 | 2.33 |
| Diluted (in dollars per share) | (1.08) | 2.80 | 2.29 |
| Income (loss) from discontinued operations: | |||
| Basic (in dollars per share) | 0.66 | 2.16 | (0.77) |
| Diluted (in dollars per share) | 0.66 | 2.12 | (0.75) |
| Net (loss) income: | |||
| Basic (in dollars per share) | (0.42) | 5.01 | 1.57 |
| Diluted (in dollars per share) | (0.42) | 4.91 | 1.53 |
| Weighted-average number of common shares outstanding: | |||
| Basic (in shares) | 271,500 | 274,500 | 278,600 |
| Diluted (in shares) | 271,500 | 279,800 | 284,600 |
| Dividend declared per common share (in dollars per share) | 1.20 | 1.12 | 1.02 |
| Special dividend declared per common share (in dollars per share) | 0.00 | 0.00 | 2.50 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ (13) | 1,466 | 492 |
| Other comprehensive income: | |||
| Foreign currency translation adjustment | (108) | 93 | 29 |
| Income tax effect | 2 | (2) | (19) |
| Foreign currency translation adjustment, net of income tax effect | (106) | 91 | 10 |
| Pension and other postretirement benefit plans | (357) | 385 | (164) |
| Income tax effect | 142 | (154) | 63 |
| Pension and other post-retirement benefit plans, net of income tax effect | (215) | 231 | (101) |
| Unrealized gain (loss) on investment and forward exchange contract | 4 | 2 | (4) |
| Income tax effect | (1) | (2) | 2 |
| Unrealized loss on investments and forward exchange contracts, net of income tax effect | 3 | 0 | (2) |
| Comprehensive income | (331) | 1,788 | 399 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (10) | (18) | (20) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (92) | (73) | (34) |
| Comprehensive income attributable to McGraw Hill Financial, Inc. | (433) | 1,697 | 345 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities: | |||
| Net (loss) income | $ (13) | 1,466 | 492 |
| Less: income (loss) from discontinued operations | 178 | 592 | (209) |
| Net (loss) income from continuing operations | (191) | 874 | 701 |
| Adjustments to reconcile (loss) income from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 86 | 86 | 93 |
| Amortization of intangibles | 48 | 51 | 48 |
| Provision for losses on accounts receivable | 11 | 22 | 32 |
| Deferred income taxes | (245) | 43 | 53 |
| Stock-based compensation | 100 | 96 | 90 |
| Accrued legal and regulatory settlements | 1,587 | 0 | 0 |
| Other | 80 | 96 | 3 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (9) | (35) | (250) |
| Prepaid and other current assets | (7) | (29) | 3 |
| Accounts payable and accrued expenses | (130) | (94) | 73 |
| Unearned revenue | 78 | 109 | 23 |
| Other current liabilities | (51) | (89) | (68) |
| Net change in prepaid / accrued income taxes | (93) | (238) | 119 |
| Net change in other assets and liabilities | (55) | (110) | (190) |
| Cash provided by operating activities from continuing operations | 1,209 | 782 | 730 |
| Investing Activities: | |||
| Capital expenditures | (92) | (117) | (96) |
| Acquisitions, including contingent payments, net of cash acquired | (71) | (47) | (177) |
| Proceeds from dispositions | 83 | 51 | 0 |
| Changes in short-term investments | 15 | (17) | 27 |
| Cash used for investing activities from continuing operations | (65) | (130) | (246) |
| Financing Activities: | |||
| (Payments on) / additions to short-term debt | 0 | (457) | 457 |
| Payments on senior notes | 0 | 0 | (400) |
| Dividends paid to shareholders | (326) | (308) | (984) |
| Dividends and other payments paid to noncontrolling interests | (84) | (75) | (24) |
| Repurchase of treasury shares | (362) | (978) | (295) |
| Exercise of stock options | 193 | 258 | 299 |
| Contingent payments | (11) | (12) | 0 |
| Purchase of additional CRISIL shares | 0 | (214) | 0 |
| Excess tax benefits from share-based payments | 128 | 43 | 42 |
| Cash used for financing activities from continuing operations | (462) | (1,743) | (905) |
| Effect of exchange rate changes on cash from continuing operations | (65) | (1) | 5 |
| Cash provided by (used for) continuing operations | 617 | (1,092) | (416) |
| Cash provided by (used for) operating activities | 18 | (231) | 537 |
| Cash provided by (used for) investing activities | 320 | 2,129 | (199) |
| Cash used for financing activities | 0 | (25) | (12) |
| Effect of exchange rate changes on cash | 0 | 1 | 3 |
| Effect of change in cash and equivalents | 0 | 0 | 12 |
| Cash provided by discontinued operations | 338 | 1,874 | 341 |
| Net change in cash and equivalents | 955 | 782 | (75) |
| Cash and equivalents at beginning of year | 1,542 | 760 | |
| Cash and equivalents at end of year | 2,497 | 1,542 | 760 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 50 | 50 | 77 |
| Income taxes (including discontinued operations) | 419 | 787 | 243 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| ASSETS | ||
| Current assets: | ||
| Cash and equivalents | $ 2,497 | 1,542 |
| Short-term investments | 3 | 18 |
| Accounts receivable, net of allowance for doubtful accounts: 2014 - $38; 2013 - $50 | 932 | 949 |
| Deferred income taxes | 363 | 108 |
| Prepaid and other current assets | 171 | 227 |
| Assets held for sale | 0 | 97 |
| Total current assets | 3,966 | 2,941 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 287 | 436 |
| Equipment and furniture | 482 | 422 |
| Total property and equipment | 769 | 858 |
| Less: accumulated depreciation | (563) | (609) |
| Property and equipment, net | 206 | 249 |
| Goodwill | 1,387 | 1,409 |
| Other intangible assets, net | 1,004 | 1,033 |
| Asset for pension benefits | 28 | 261 |
| Other non-current assets | 180 | 168 |
| Total assets | 6,771 | 6,061 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 191 | 210 |
| Accrued compensation and contributions to retirement plans | 410 | 423 |
| Income taxes currently payable | 32 | 15 |
| Unearned revenue | 1,323 | 1,268 |
| Accrued legal and regulatory settlements | 1,609 | 0 |
| Other current liabilities | 402 | 402 |
| Liabilities held for sale | 0 | 54 |
| Total current liabilities | 3,967 | 2,372 |
| Long-term debt | 799 | 799 |
| Pension and other postretirement benefits | 333 | 264 |
| Deferred income taxes | 56 | 206 |
| Other non-current liabilities | 267 | 266 |
| Total liabilities | 5,422 | 3,907 |
| 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 2014 and 2013 | 412 | 412 |
| Additional paid-in capital | 493 | 447 |
| Retained income | 6,946 | 7,384 |
| Accumulated other comprehensive loss | (514) | (196) |
| Less: common stock in treasury - at cost: 2014 - 140 million shares; 2013 - 141 million shares | (6,849) | (6,746) |
| Total equity controlling interests | 488 | 1,301 |
| Total equity noncontrolling interests (2013 includes $25 attributable to discontinued operations) | 51 | 43 |
| Total equity | 539 | 1,344 |
| Total liabilities and equity | 6,771 | 6,061 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2014 | |
| 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 |