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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenue | $ 5,661 | 5,313 | 5,051 |
| Expenses: | |||
| Operating-related expenses | 1,769 | 1,700 | 1,651 |
| Selling and general expenses | 1,443 | 1,550 | 3,144 |
| Depreciation | 85 | 90 | 86 |
| Amortization of intangibles | 96 | 67 | 48 |
| Total expenses | 3,393 | 3,407 | 4,929 |
| (Gain) loss on dispositions | (1,101) | (11) | 9 |
| Operating profit | 3,369 | 1,917 | 113 |
| Interest expense, net | 181 | 102 | 59 |
| Income from continuing operations before taxes on income | 3,188 | 1,815 | 54 |
| Provision for taxes on income | 960 | 547 | 245 |
| Income (loss) from continuing operations | 2,228 | 1,268 | (191) |
| Discontinued operations, net of tax: | |||
| Income from discontinued operations | 0 | 0 | 18 |
| Gain on sale of discontinued operations | 0 | 0 | 160 |
| Discontinued operations, net | 0 | 0 | 178 |
| Net income (loss) | 2,228 | 1,268 | (13) |
| Less: net income from continuing operations attributable to noncontrolling interests | (122) | (112) | (102) |
| Net income (loss) attributable to S&P Global Inc. | 2,106 | 1,156 | (115) |
| Amounts attributable to S&P Global Inc. common shareholders: | |||
| Income (loss) from continuing operations | 2,106 | 1,156 | (293) |
| Income from discontinued operations | 0 | 0 | 178 |
| Net income (loss) attributable to S&P Global Inc. | 2,106 | 1,156 | (115) |
| Earnings (loss) per share attributable to S&P Global Inc. common shareholders: | |||
| Income (loss) from continuing operations: | |||
| Basic (in dollars per share) | 8.02 | 4.26 | (1.08) |
| Diluted (in dollars per share) | 7.94 | 4.21 | (1.08) |
| Income from discontinued operations: | |||
| Basic (in dollars per share) | 0.00 | 0.00 | 0.66 |
| Diluted (in dollars per share) | 0.00 | 0.00 | 0.66 |
| Net income (loss): | |||
| Basic (in dollars per share) | 8.02 | 4.26 | (0.42) |
| Diluted (in dollars per share) | 7.94 | 4.21 | (0.42) |
| Weighted-average number of common shares outstanding: | |||
| Basic (in shares) | 262,800 | 271,600 | 271,500 |
| Diluted (in shares) | 265,200 | 274,600 | 271,500 |
| Actual shares outstanding at year end (in shares) | 258,300 | 265,200 | 272,000 |
| Dividend declared per common share (in dollars per share) | 1.44 | 1.32 | 1.20 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income (loss) | $ 2,228 | 1,268 | (13) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | (132) | (111) | (108) |
| Income tax effect | (7) | 1 | 2 |
| Foreign currency translation adjustment, net of income tax effect | (139) | (110) | (106) |
| Pension and other postretirement benefit plans | (27) | 34 | (357) |
| Income tax effect | (10) | (9) | 142 |
| Pension and other postretirement benefit plans, net of income tax effect | (37) | 25 | (215) |
| Unrealized gain (loss) on forward exchange contracts | 4 | (1) | 4 |
| Income tax effect | (1) | 0 | (1) |
| Unrealized (loss) gain on investments and forward exchange contracts, net of income tax effect | 3 | (1) | 3 |
| Comprehensive income (loss) | 2,055 | 1,182 | (331) |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (13) | (11) | (10) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (109) | (101) | (92) |
| Comprehensive income (loss) attributable to S&P Global Inc. | 1,933 | 1,070 | (433) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities: | |||
| Net income (loss) | $ 2,228 | 1,268 | (13) |
| Less: income from discontinued operations | 0 | 0 | 178 |
| Net income (loss) from continuing operations | 2,228 | 1,268 | (191) |
| Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 85 | 90 | 86 |
| Current year amortization | 96 | 67 | 48 |
| Provision for losses on accounts receivable | 9 | 8 | 11 |
| Deferred income taxes | 79 | 280 | (245) |
| Stock-based compensation | 76 | 78 | 100 |
| Gain on dispositions | (1,101) | (11) | 9 |
| Accrued legal and regulatory settlements | 54 | 119 | 1,587 |
| Other | 30 | 57 | 71 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (177) | (118) | (9) |
| Prepaid and other current assets | (2) | (4) | (7) |
| Accounts payable and accrued expenses | (26) | (92) | (130) |
| Unearned revenue | 107 | 129 | 78 |
| Accrued legal and regulatory settlements | (150) | (1,624) | (35) |
| Other current liabilities | (21) | (78) | (16) |
| Net change in prepaid / accrued income taxes | 132 | 61 | (93) |
| Net change in other assets and liabilities | 45 | (35) | (55) |
| Cash provided by operating activities from continuing operations | 1,464 | 195 | 1,209 |
| Investing Activities: | |||
| Capital expenditures | (115) | (139) | (92) |
| Acquisitions, net of cash acquired | (177) | (2,396) | (71) |
| Proceeds from dispositions | 1,498 | 14 | 83 |
| Changes in short-term investments | (1) | (4) | 15 |
| Cash provided by (used for) investing activities from continuing operations | 1,205 | (2,525) | (65) |
| Financing Activities: | |||
| (Payments on) / additions to short-term debt, net | (143) | 143 | 0 |
| Proceeds from issuance of senior notes, net | 493 | 2,674 | 0 |
| Payments on senior notes | (421) | 0 | 0 |
| Dividends paid to shareholders | (380) | (363) | (326) |
| Dividends and other payments paid to noncontrolling interests | (116) | (104) | (84) |
| Repurchase of treasury shares | (1,123) | (974) | (362) |
| Exercise of stock options | 88 | 86 | 193 |
| Contingent consideration payments | (39) | (5) | (11) |
| Purchase of additional CRISIL shares | 0 | (16) | 0 |
| Excess tax benefits from share-based payments | 41 | 69 | 128 |
| Cash (used for) provided by financing activities from continuing operations | (1,600) | 1,510 | (462) |
| Effect of exchange rate changes on cash from continuing operations | (158) | (67) | (65) |
| Cash provided by (used for) continuing operations | 911 | (887) | 617 |
| Discontinued Operations: | |||
| Cash (used for) provided by operating activities | 0 | (129) | 18 |
| Cash provided by investing activities | 0 | 0 | 320 |
| Cash (used for) provided by discontinued operations | 0 | (129) | 338 |
| Net change in cash and cash equivalents | 911 | (1,016) | 955 |
| Cash and cash equivalents at beginning of year | 1,481 | 2,497 | |
| Cash and cash equivalents at end of year | 2,392 | 1,481 | 2,497 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 150 | 65 | 50 |
| Income taxes (including discontinued operations) | 683 | 260 | 419 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,392 | 1,481 |
| Short-term investments | 8 | 6 |
| Accounts receivable, net of allowance for doubtful accounts: 2016 - $28; 2015 - $37 | 1,122 | 991 |
| Deferred income taxes | 109 | |
| Prepaid and other current assets | 142 | 206 |
| Assets of a business held for sale | 7 | 503 |
| Total current assets | 3,671 | 3,296 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 356 | 352 |
| Equipment and furniture | 452 | 503 |
| Total property and equipment | 808 | 855 |
| Less: accumulated depreciation | (537) | (585) |
| Property and equipment, net | 271 | 270 |
| Goodwill | 2,949 | 2,882 |
| Other intangible assets, net | 1,506 | 1,522 |
| Other non-current assets | 272 | 213 |
| Total assets | 8,669 | 8,183 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 183 | 206 |
| Accrued compensation and contributions to retirement plans | 409 | 383 |
| Short-term debt | 0 | 143 |
| Income taxes currently payable | 95 | 56 |
| Unearned revenue | 1,509 | 1,421 |
| Accrued legal and regulatory settlements | 56 | 121 |
| Other current liabilities | 314 | 372 |
| Liabilities of a business held for sale | 45 | 206 |
| Total current liabilities | 2,611 | 2,908 |
| Long-term debt | 3,564 | 3,468 |
| Pension and other postretirement benefits | 274 | 276 |
| Other non-current liabilities | 439 | 368 |
| Total liabilities | 6,888 | 7,020 |
| Redeemable noncontrolling interest | 1,080 | 920 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2016 and 2015 | 412 | 412 |
| Additional paid-in capital | 502 | 475 |
| Retained income | 9,210 | 7,636 |
| Accumulated other comprehensive loss | (773) | (600) |
| Less: common stock in treasury - at cost: 2016 - 153 million shares; 2015 - 146 million shares | (8,701) | (7,729) |
| Total equity controlling interests | 650 | 194 |
| Total equity noncontrolling interests | 51 | 49 |
| Total equity | 701 | 243 |
| Total liabilities and equity | 8,669 | 8,183 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2016 | |
| 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 |