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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | $ 5,313 | 5,051 | 4,702 |
| Expenses: | |||
| Operating-related expenses | 1,672 | 1,627 | 1,564 |
| Selling and general expenses | 1,578 | 3,168 | 1,631 |
| Depreciation | 90 | 86 | 86 |
| Amortization of intangibles | 67 | 48 | 51 |
| Total expenses | 3,407 | 4,929 | 3,332 |
| Other (income) loss | (11) | 9 | 12 |
| Operating profit | 1,917 | 113 | 1,358 |
| Interest expense, net | 102 | 59 | 59 |
| Income from continuing operations before taxes on income | 1,815 | 54 | 1,299 |
| Provision for taxes on income | 547 | 245 | 425 |
| Income (loss) from continuing operations | 1,268 | (191) | 874 |
| Discontinued operations, net of tax: | |||
| Income from discontinued operations | 0 | 18 | 3 |
| Gain on sale of discontinued operations (includes $(75) accumulated other comprehensive income reclassifications in 2013 for foreign currency translation adjustment) | 0 | 160 | 589 |
| Discontinued operations, net | 0 | 178 | 592 |
| Net income (loss) | 1,268 | (13) | 1,466 |
| Less: net income from continuing operations attributable to noncontrolling interests | (112) | (102) | (91) |
| Less: net loss from discontinued operations attributable to noncontrolling interests | 0 | 0 | 1 |
| Net income (loss) attributable to McGraw Hill Financial, Inc. | 1,156 | (115) | 1,376 |
| Amounts attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| Income (loss) from continuing operations | 1,156 | (293) | 783 |
| Income from discontinued operations | 0 | 178 | 593 |
| Net income (loss) attributable to McGraw Hill Financial, Inc. | 1,156 | (115) | 1,376 |
| Earnings (loss) per share attributable to McGraw Hill Financial, Inc. common shareholders: | |||
| Income (loss) from continuing operations: | |||
| Basic (in dollars per share) | 4.26 | (1.08) | 2.85 |
| Diluted (in dollars per share) | 4.21 | (1.08) | 2.80 |
| Income from discontinued operations: | |||
| Basic (in dollars per share) | 0.00 | 0.66 | 2.16 |
| Diluted (in dollars per share) | 0.00 | 0.66 | 2.12 |
| Net income (loss): | |||
| Basic (in dollars per share) | 4.26 | (0.42) | 5.01 |
| Diluted (in dollars per share) | 4.21 | (0.42) | 4.91 |
| Weighted-average number of common shares outstanding: | |||
| Basic (in shares) | 271,600 | 271,500 | 274,500 |
| Diluted (in shares) | 274,600 | 271,500 | 279,800 |
| Actual shares outstanding at year end (in shares) | 265,200 | 272,000 | 270,400 |
| Dividend declared per common share (in dollars per share) | 1.32 | 1.20 | 1.12 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income (loss) | $ 1,268 | (13) | 1,466 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | (111) | (108) | 93 |
| Income tax effect | 1 | 2 | (2) |
| Foreign currency translation adjustment, net of income tax effect | (110) | (106) | 91 |
| Pension and other postretirement benefit plans | 34 | (357) | 385 |
| Income tax effect | (9) | 142 | (154) |
| Pension and other postretirement benefit plans, net of income tax effect | 25 | (215) | 231 |
| Unrealized (loss) gain on investment and forward exchange contract | (1) | 4 | 2 |
| Income tax effect | 0 | (1) | (2) |
| Unrealized (loss) gain on investments and forward exchange contracts, net of income tax effect | (1) | 3 | 0 |
| Comprehensive income (loss) | 1,182 | (331) | 1,788 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (11) | (10) | (18) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (101) | (92) | (73) |
| Comprehensive income (loss) attributable to McGraw Hill Financial, Inc. | 1,070 | (433) | 1,697 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities: | |||
| Net income (loss) | $ 1,268 | (13) | 1,466 |
| Less: income from discontinued operations | 0 | 178 | 592 |
| Net income (loss) from continuing operations | 1,268 | (191) | 874 |
| Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 90 | 86 | 86 |
| Amortization of intangibles | 67 | 48 | 51 |
| Provision for losses on accounts receivable | 8 | 11 | 22 |
| Deferred income taxes | 280 | (245) | 43 |
| Stock-based compensation | 78 | 100 | 96 |
| Accrued legal and regulatory settlements | 119 | 1,587 | 0 |
| Other | 46 | 80 | 96 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (118) | (9) | (35) |
| Prepaid and other current assets | (4) | (7) | (29) |
| Accounts payable and accrued expenses | (92) | (130) | (94) |
| Unearned revenue | 129 | 78 | 109 |
| Accrued legal and regulatory settlement | (1,624) | (35) | 0 |
| Other current liabilities | (78) | (16) | (89) |
| Net change in prepaid / accrued income taxes | 61 | (93) | (238) |
| Net change in other assets and liabilities | (35) | (55) | (110) |
| Cash provided by operating activities from continuing operations | 195 | 1,209 | 782 |
| Investing Activities: | |||
| Capital expenditures | (139) | (92) | (117) |
| Acquisitions, including contingent payments, net of cash acquired | (2,396) | (71) | (47) |
| Proceeds from dispositions | 14 | 83 | 51 |
| Changes in short-term investments | (4) | 15 | (17) |
| Cash used for investing activities from continuing operations | (2,525) | (65) | (130) |
| Financing Activities: | |||
| Additions to / (payments on) short-term debt, net | 143 | 0 | (457) |
| Proceeds from issuance of senior notes, net | 2,674 | 0 | 0 |
| Dividends paid to shareholders | (363) | (326) | (308) |
| Dividends and other payments paid to noncontrolling interests | (104) | (84) | (75) |
| Repurchase of treasury shares | (974) | (362) | (978) |
| Exercise of stock options | 86 | 193 | 258 |
| Contingent consideration payment | (5) | (11) | (12) |
| Purchase of additional CRISIL shares | (16) | 0 | (214) |
| Excess tax benefits from share-based payments | 69 | 128 | 43 |
| Cash provided by (used for) financing activities from continuing operations | 1,510 | (462) | (1,743) |
| Effect of exchange rate changes on cash from continuing operations | (67) | (65) | (1) |
| Cash (used for) provided by continuing operations | (887) | 617 | (1,092) |
| Discontinued Operations: | |||
| Cash (used for) provided by operating activities | (129) | 18 | (231) |
| Cash provided by investing activities | 0 | 320 | 2,129 |
| Cash used for financing activities | 0 | 0 | (25) |
| Effect of exchange rate changes on cash | 0 | 0 | 1 |
| Cash (used for) provided by discontinued operations | (129) | 338 | 1,874 |
| Net change in cash and cash equivalents | (1,016) | 955 | 782 |
| Cash and cash equivalents at beginning of year | 2,497 | 1,542 | |
| Cash and cash equivalents at end of year | 1,481 | 2,497 | 1,542 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 65 | 50 | 50 |
| Income taxes (including discontinued operations) | 260 | 419 | 787 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,481 | 2,497 |
| Short-term investments | 6 | 3 |
| Accounts receivable, net of allowance for doubtful accounts: 2015 - $37; 2014 - $38 | 991 | 932 |
| Deferred income taxes | 109 | 360 |
| Prepaid and other current assets | 206 | 170 |
| Assets of a business held for sale | 503 | 0 |
| Total current assets | 3,296 | 3,962 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 352 | 287 |
| Equipment and furniture | 503 | 482 |
| Total property and equipment | 855 | 769 |
| Less: accumulated depreciation | (585) | (563) |
| Property and equipment, net | 270 | 206 |
| Goodwill | 2,882 | 1,387 |
| Other intangible assets, net | 1,522 | 1,004 |
| Asset for pension benefits | 36 | 28 |
| Other non-current assets | 177 | 186 |
| Total assets | 8,183 | 6,773 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 206 | 191 |
| Accrued compensation and contributions to retirement plans | 383 | 410 |
| Short-term debt | 143 | 0 |
| Income taxes currently payable | 56 | 54 |
| Unearned revenue | 1,421 | 1,254 |
| Accrued legal and regulatory settlements | 121 | 1,609 |
| Other current liabilities | 372 | 402 |
| Liabilities of a business held for sale | 206 | 0 |
| Total current liabilities | 2,908 | 3,920 |
| Long-term debt | 3,468 | 795 |
| Pension and other postretirement benefits | 276 | 333 |
| Deferred income taxes | 23 | 40 |
| Other non-current liabilities | 345 | 336 |
| Total liabilities | 7,020 | 5,424 |
| Redeemable noncontrolling interest | 920 | 810 |
| Commitments and contingencies (Note 12) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2015 and 2014 | 412 | 412 |
| Additional paid-in capital | 475 | 493 |
| Retained income | 7,636 | 6,946 |
| Accumulated other comprehensive loss | (600) | (514) |
| Less: common stock in treasury - at cost: 2015 - 146 million shares; 2014 - 140 million shares | (7,729) | (6,849) |
| Total equity controlling interests | 194 | 488 |
| Total equity noncontrolling interests | 49 | 51 |
| Total equity | 243 | 539 |
| Total liabilities and equity | 8,183 | 6,773 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2015 | |
| 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 |