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: 2018 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue | $ 6,258 | 6,063 | 5,661 |
| Expenses: | |||
| Operating-related expenses | 1,701 | 1,695 | 1,773 |
| Selling and general expenses | 1,561 | 1,605 | 1,467 |
| Depreciation | 84 | 82 | 85 |
| Amortization of intangibles | 122 | 98 | 96 |
| Total expenses | 3,468 | 3,480 | 3,421 |
| Gain on dispositions | 0 | 0 | (1,101) |
| Operating profit | 2,790 | 2,583 | 3,341 |
| Other income, net | (25) | (27) | (28) |
| Interest expense, net | 134 | 149 | 181 |
| Income before taxes on income | 2,681 | 2,461 | 3,188 |
| Provision for taxes on income | 560 | 823 | 960 |
| Net income | 2,121 | 1,638 | 2,228 |
| Less: net income attributable to noncontrolling interests | (163) | (142) | (122) |
| Net income attributable to S&P Global Inc. | 1,958 | 1,496 | 2,106 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | |||
| Net income: | |||
| Basic (USD per share) | 7.80 | 5.84 | 8.02 |
| Diluted (USD per share) | 7.73 | 5.78 | 7.94 |
| Weighted-average number of common shares outstanding: | |||
| Basic (shares) | 250,900 | 256,300 | 262,800 |
| Diluted (shares) | 253,200 | 258,900 | 265,200 |
| Actual shares outstanding at year end (shares) | 248,400 | 253,700 | 258,300 |
| Dividend declared per common share (USD per share) | 2.00 | 1.64 | 1.44 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income | $ 2,121 | 1,638 | 2,228 |
| Other comprehensive income: | |||
| Foreign currency translation adjustment | (96) | 93 | (132) |
| Income tax effect | (4) | 0 | (7) |
| Foreign currency translation adjustment, net of income tax effect | (100) | 93 | (139) |
| Pension and other postretirement benefit plans | (14) | 52 | (27) |
| Income tax effect | 9 | (11) | (10) |
| Pension and other postretirement benefit plans, net of income tax effect | (5) | 41 | (37) |
| Unrealized gain (loss) on investment and forward exchange contracts | 2 | (10) | 4 |
| Income tax effect | 0 | 0 | (1) |
| Unrealized loss on investment and forward exchange contracts, net of income tax effect | 2 | (10) | 3 |
| Comprehensive income | 2,018 | 1,762 | 2,055 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (12) | (13) | (13) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (151) | (129) | (109) |
| Comprehensive income attributable to S&P Global Inc. | 1,855 | 1,620 | 1,933 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities: | |||
| Net income | $ 2,121 | 1,638 | 2,228 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 84 | 82 | 85 |
| Amortization of intangibles | 122 | 98 | 96 |
| Provision for losses on accounts receivable | 21 | 16 | 9 |
| Deferred income taxes | 81 | 0 | 79 |
| Stock-based compensation | 94 | 99 | 76 |
| Gain on disposition | 0 | 0 | (1,101) |
| Accrued legal settlements | 1 | 55 | 54 |
| Other | 52 | 96 | 30 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (164) | (196) | (177) |
| Prepaid and other current assets | (1) | 10 | 5 |
| Accounts payable and accrued expenses | (106) | 75 | 19 |
| Unearned revenue | 70 | 85 | 107 |
| Accrued legal settlements | (108) | (4) | (150) |
| Other current liabilities | (67) | (85) | (19) |
| Net change in prepaid/accrued income taxes | (7) | 32 | 174 |
| Net change in other assets and liabilities | (129) | 15 | 45 |
| Cash provided by operating activities | 2,064 | 2,016 | 1,560 |
| Investing Activities: | |||
| Capital expenditures | (113) | (123) | (115) |
| Acquisitions, net of cash acquired | (401) | (83) | (177) |
| Contingent consideration payment | 0 | 0 | (34) |
| Proceeds from dispositions | 6 | 2 | 1,498 |
| Changes in short-term investments | (5) | (5) | (1) |
| Cash (used for) provided by investing activities | (513) | (209) | 1,171 |
| Financing Activities: | |||
| Payments on short-term debt, net | 0 | 0 | (143) |
| Proceeds from issuance of senior notes, net | 489 | 0 | 493 |
| Payments on senior notes | (403) | 0 | (421) |
| Dividends paid to shareholders | (503) | (421) | (380) |
| Distributions to noncontrolling interest holders | (154) | (111) | (116) |
| Repurchase of treasury shares | (1,660) | (1,001) | (1,123) |
| Exercise of stock options | 34 | 75 | 88 |
| Contingent consideration payment | 0 | 0 | (5) |
| Purchase of additional CRISIL shares | (25) | 0 | 0 |
| Employee withholding tax on share-based payments | (66) | (49) | (55) |
| Cash used for financing activities | (2,288) | (1,507) | (1,662) |
| Effect of exchange rate changes on cash | (84) | 87 | (158) |
| Net change in cash, cash equivalents, and restricted cash | (821) | 387 | 911 |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,779 | 2,392 | |
| Cash, cash equivalents, and restricted cash at end of year | 1,958 | 2,779 | 2,392 |
| Cash paid during the year for: | |||
| Interest | 151 | 139 | 150 |
| Income taxes | 558 | 709 | 683 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,917 | 2,777 |
| Restricted cash | 41 | 2 |
| Short-term investments | 18 | 12 |
| Accounts receivable, net of allowance for doubtful accounts: 2018- $34 ; 2017 - $33 | 1,449 | 1,319 |
| Prepaid and other current assets | 179 | 214 |
| Total current assets | 3,604 | 4,324 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 372 | 354 |
| Equipment and furniture | 494 | 475 |
| Total property and equipment | 866 | 829 |
| Less: accumulated depreciation | (596) | (554) |
| Property and equipment, net | 270 | 275 |
| Goodwill | 3,535 | 2,989 |
| Other intangible assets, net | 1,524 | 1,388 |
| Other non-current assets | 525 | 449 |
| Total assets | 9,458 | 9,425 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 211 | 195 |
| Accrued compensation and contributions to retirement plans | 354 | 472 |
| Short-term debt | 0 | 399 |
| Income taxes currently payable | 72 | 77 |
| Unearned revenue | 1,641 | 1,613 |
| Accrued legal and regulatory settlements | 1 | 107 |
| Other current liabilities | 350 | 351 |
| Total current liabilities | 2,629 | 3,214 |
| Long-term debt | 3,662 | 3,170 |
| Pension and other postretirement benefits | 229 | 244 |
| Other non-current liabilities | 634 | 679 |
| Total liabilities | 7,154 | 7,307 |
| Redeemable noncontrolling interest | 1,620 | 1,352 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued: 2018 - 294 million shares; 2017 - 412 million shares | 294 | 412 |
| Additional paid-in capital | 833 | 525 |
| Retained income | 11,284 | 10,023 |
| Accumulated other comprehensive loss | (742) | (649) |
| Less: common stock in treasury - at cost: 2018 - 45 million shares; 2017 - 158 million shares | (11,041) | (9,602) |
| Total equity controlling interests | 628 | 709 |
| Total equity noncontrolling interests | 56 | 57 |
| Total equity | 684 | 766 |
| Total liabilities and equity | 9,458 | 9,425 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2018 | |
| 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 |