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: 2017 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | $ 6,063 | 5,661 | 5,313 |
| Expenses: | |||
| Operating-related expenses | 1,713 | 1,773 | 1,718 |
| Selling and general expenses | 1,560 | 1,439 | 1,532 |
| Depreciation | 82 | 85 | 90 |
| Amortization of intangibles | 98 | 96 | 67 |
| Total expenses | 3,453 | 3,393 | 3,407 |
| Gain on dispositions | 0 | (1,101) | (11) |
| Operating profit | 2,610 | 3,369 | 1,917 |
| Interest expense, net | 149 | 181 | 102 |
| Income before taxes on income | 2,461 | 3,188 | 1,815 |
| Provision for taxes on income | 823 | 960 | 547 |
| Net income | 1,638 | 2,228 | 1,268 |
| Less: net income attributable to noncontrolling interests | (142) | (122) | (112) |
| Net income attributable to S&P Global Inc. | 1,496 | 2,106 | 1,156 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | |||
| Net income: | |||
| Basic (in dollars per share) | 5.84 | 8.02 | 4.26 |
| Diluted (in dollars per share) | 5.78 | 7.94 | 4.21 |
| Weighted-average number of common shares outstanding: | |||
| Basic (in shares) | 256,300 | 262,800 | 271,600 |
| Diluted (in shares) | 258,900 | 265,200 | 274,600 |
| Actual shares outstanding at year end (in shares) | 253,700 | 258,300 | 265,200 |
| Dividend declared per common share (in dollars per share) | 1.64 | 1.44 | 1.32 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net income | $ 1,638 | 2,228 | 1,268 |
| Other comprehensive income: | |||
| Foreign currency translation adjustment | 93 | (132) | (111) |
| Income tax effect | 0 | (7) | 1 |
| Foreign currency translation adjustment, net of income tax effect | 93 | (139) | (110) |
| Pension and other postretirement benefit plans | 52 | (27) | 34 |
| Income tax effect | (11) | (10) | (9) |
| Pension and other postretirement benefit plans, net of income tax effect | 41 | (37) | 25 |
| Unrealized loss on investment | (10) | 0 | 0 |
| Income tax effect | 0 | 0 | 0 |
| Unrealized loss on investment, net of income tax effect | (10) | 0 | 0 |
| Unrealized gain (loss) on forward exchange contracts | 0 | 4 | (1) |
| Income tax effect | 0 | (1) | 0 |
| Unrealized (loss) gain on investments and forward exchange contracts, net of income tax effect | 0 | 3 | (1) |
| Comprehensive income | 1,762 | 2,055 | 1,182 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (15) | (13) | (11) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (127) | (109) | (101) |
| Comprehensive income attributable to S&P Global Inc. | 1,620 | 1,933 | 1,070 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities: | |||
| Net income | $ 1,638 | 2,228 | 1,268 |
| Adjustments to reconcile net income to cash provided by operating activities from continuing operations: | |||
| Depreciation | 82 | 85 | 90 |
| Amortization of intangibles | 98 | 96 | 67 |
| Provision for losses on accounts receivable | 16 | 9 | 8 |
| Deferred income taxes | 0 | 79 | 280 |
| Stock-based compensation | 99 | 76 | 78 |
| Gain on dispositions | 0 | (1,101) | (11) |
| Accrued legal and regulatory settlements | 55 | 54 | 119 |
| Other | 96 | 30 | 57 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (196) | (177) | (118) |
| Prepaid and other current assets | 10 | 5 | 5 |
| Accounts payable and accrued expenses | 75 | 19 | (9) |
| Unearned revenue | 85 | 107 | 129 |
| Accrued legal and regulatory settlements | (4) | (150) | (1,624) |
| Other current liabilities | (85) | (19) | (77) |
| Net change in prepaid/accrued income taxes | 32 | 174 | 129 |
| Net change in other assets and liabilities | 15 | 45 | (35) |
| Cash provided by operating activities from continuing operations | 2,016 | 1,560 | 356 |
| Investing Activities: | |||
| Capital expenditures | (123) | (115) | (139) |
| Acquisitions, net of cash acquired | (83) | (177) | (2,396) |
| Proceeds from dispositions | 2 | 1,498 | 14 |
| Changes in short-term investments | (5) | (1) | (4) |
| Cash (used for) provided by investing activities from continuing operations | (209) | 1,205 | (2,525) |
| Financing Activities: | |||
| (Payments on)/additions to short-term debt, net | 0 | (143) | 143 |
| Proceeds from issuance of senior notes, net | 0 | 493 | 2,674 |
| Payments on senior notes | 0 | (421) | 0 |
| Dividends paid to shareholders | (421) | (380) | (363) |
| Distributions to noncontrolling interest holders | (111) | (116) | (104) |
| Repurchase of treasury shares | (1,001) | (1,123) | (974) |
| Exercise of stock options | 75 | 88 | 86 |
| Contingent consideration payments | 0 | (39) | (5) |
| Purchase of additional CRISIL shares | 0 | 0 | (16) |
| Employee withholding tax on share-based payments | (49) | (55) | (92) |
| Cash (used for) provided by financing activities from continuing operations | (1,507) | (1,696) | 1,349 |
| Effect of exchange rate changes on cash | 87 | (158) | (67) |
| Cash provided by continuing operations | 387 | 911 | (887) |
| Discontinued Operations: | |||
| Cash used for operating activities | 0 | 0 | (129) |
| Cash used for discontinued operations | 0 | 0 | (129) |
| Net change in cash and cash equivalents | 387 | 911 | (1,016) |
| Cash and cash equivalents at beginning of year | 2,392 | 1,481 | |
| Cash and cash equivalents at end of year | 2,779 | 2,392 | 1,481 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 139 | 150 | 65 |
| Income taxes (including discontinued operations) | 709 | 683 | 260 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,779 | 2,392 |
| Short-term investments | 12 | 8 |
| Accounts receivable, net of allowance for doubtful accounts: 2017 - $33; 2016 - $28 | 1,319 | 1,122 |
| Prepaid and other current assets | 214 | 149 |
| Total current assets | 4,324 | 3,671 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 354 | 356 |
| Equipment and furniture | 475 | 452 |
| Total property and equipment | 829 | 808 |
| Less: accumulated depreciation | (554) | (537) |
| Property and equipment, net | 275 | 271 |
| Goodwill | 2,989 | 2,949 |
| Other intangible assets, net | 1,388 | 1,506 |
| Other non-current assets | 449 | 272 |
| Total assets | 9,425 | 8,669 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 195 | 183 |
| Accrued compensation and contributions to retirement plans | 472 | 409 |
| Short-term debt | 399 | 0 |
| Income taxes currently payable | 77 | 95 |
| Unearned revenue | 1,613 | 1,509 |
| Accrued legal and regulatory settlements | 107 | 56 |
| Other current liabilities | 351 | 359 |
| Total current liabilities | 3,214 | 2,611 |
| Long-term debt | 3,170 | 3,564 |
| Pension and other postretirement benefits | 244 | 274 |
| Other non-current liabilities | 679 | 439 |
| Total liabilities | 7,307 | 6,888 |
| Redeemable noncontrolling interest | 1,350 | 1,080 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued - 412 million shares in 2017 and 2016 | 412 | 412 |
| Additional paid-in capital | 525 | 502 |
| Retained income | 10,025 | 9,210 |
| Accumulated other comprehensive loss | (649) | (773) |
| Less: common stock in treasury - at cost: 2017 - 158 million shares; 2016 - 153 million shares | (9,602) | (8,701) |
| Total equity controlling interests | 711 | 650 |
| Total equity noncontrolling interests | 57 | 51 |
| Total equity | 768 | 701 |
| Total liabilities and equity | 9,425 | 8,669 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2017 | |
| 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 |