10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 8, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenue | $ 8,297 | 7,442 | 6,699 |
| Expenses: | |||
| Operating-related expenses | 2,195 | 2,094 | 1,976 |
| Selling and general expenses | 1,714 | 1,541 | 1,342 |
| Depreciation | 82 | 83 | 82 |
| Amortization of intangibles | 96 | 123 | 122 |
| Total expenses | 4,087 | 3,841 | 3,522 |
| Gain on dispositions | (11) | (16) | (49) |
| Operating profit | 4,221 | 3,617 | 3,226 |
| Other (income) expense, net | (62) | (31) | 98 |
| Interest expense, net | 119 | 141 | 141 |
| Loss on extinguishment of debt | 0 | 279 | 57 |
| Income before taxes on income | 4,164 | 3,228 | 2,930 |
| Provision for taxes on income | 901 | 694 | 627 |
| Net income | 3,263 | 2,534 | 2,303 |
| Less: net income attributable to noncontrolling interests | (239) | (195) | (180) |
| Net income attributable to S&P Global Inc. | 3,024 | 2,339 | 2,123 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | |||
| Net income: | |||
| Basic (USD per share) | 12.56 | 9.71 | 8.65 |
| Diluted (USD per share) | 12.51 | 9.66 | 8.60 |
| Weighted-average number of common shares outstanding: | |||
| Basic (shares) | 240,800 | 241,000 | 245,400 |
| Diluted (shares) | 241,800 | 242,100 | 246,900 |
| Actual shares outstanding at year end (shares) | 241,000 | 240,600 | 244,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 8, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income | $ 3,263 | 2,534 | 2,303 |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | 11 | (24) | 10 |
| Income tax effect | (24) | 22 | 8 |
| Foreign currency translation adjustment, net of income tax effect | (13) | (2) | 18 |
| Pension and other postretirement benefit plans | 33 | (31) | 141 |
| Income tax effect | (10) | 8 | (39) |
| Pension and other postretirement benefit plans, net of income tax effect | 23 | (23) | 102 |
| Unrealized (loss) gain on cash flow hedges | (282) | 17 | (2) |
| Income tax effect | 68 | (5) | 0 |
| Unrealized loss on investment and forward exchange contracts, net of income tax effect | (214) | 12 | (2) |
| Comprehensive income | 3,059 | 2,521 | 2,421 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (24) | (14) | (10) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (215) | (181) | (170) |
| Comprehensive income attributable to S&P Global Inc. | 2,820 | 2,326 | 2,241 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 8, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities: | |||
| Net income | $ 3,263 | 2,534 | 2,303 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 82 | 83 | 82 |
| Amortization of intangibles | 96 | 123 | 122 |
| Provision for losses on accounts receivable | 14 | 17 | 18 |
| Deferred income taxes | 13 | (31) | 46 |
| Stock-based compensation | 122 | 90 | 78 |
| Gain on dispositions | (11) | (16) | (49) |
| Accrued legal settlements | 0 | 9 | 0 |
| Pension settlement charge, net of taxes | 0 | 2 | 85 |
| Loss on extinguishment of debt | 0 | 279 | 57 |
| Lease impairment charges | 31 | 120 | 11 |
| Other | 58 | 110 | 25 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (144) | 18 | (135) |
| Prepaid and other current assets | (86) | (85) | (81) |
| Accounts payable and accrued expenses | 38 | 132 | 73 |
| Unearned revenue | 198 | 220 | 256 |
| Other current liabilities | (45) | (15) | (57) |
| Net change in prepaid/accrued income taxes | (36) | (2) | (41) |
| Net change in other assets and liabilities | 5 | (21) | (17) |
| Cash provided by operating activities | 3,598 | 3,567 | 2,776 |
| Investing Activities: | |||
| Capital expenditures | (35) | (76) | (115) |
| Acquisitions, net of cash acquired | (99) | (201) | (91) |
| Proceeds from dispositions | 16 | 18 | 85 |
| Changes in short-term investments | (2) | 19 | (10) |
| Cash used for investing activities | (120) | (240) | (131) |
| Financing Activities: | |||
| Proceeds from issuance of senior notes, net | 0 | 1,276 | 1,086 |
| Payments on senior notes | 0 | (1,394) | (868) |
| Dividends paid to shareholders | (743) | (645) | (560) |
| Distributions to noncontrolling interest holders, net | (227) | (194) | (143) |
| Repurchase of treasury shares | 0 | (1,164) | (1,240) |
| Exercise of stock options | 13 | 16 | 40 |
| Employee withholding tax on share-based payments and other | (56) | (61) | (66) |
| Cash used for financing activities | (1,013) | (2,166) | (1,751) |
| Effect of exchange rate changes on cash | (82) | 75 | 34 |
| Net change in cash, cash equivalents, and restricted cash | 2,383 | 1,236 | 928 |
| Cash, cash equivalents, and restricted cash at beginning of year | 4,122 | 2,886 | 1,958 |
| Cash, cash equivalents, and restricted cash at end of year | 6,505 | 4,122 | 2,886 |
| Cash paid during the year for: | |||
| Interest | 130 | 159 | 162 |
| Income taxes | 883 | 683 | 659 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 8, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,497 | 4,108 |
| Restricted cash | 8 | 14 |
| Short-term investments | 11 | 9 |
| Accounts receivable, net of allowance for doubtful accounts: 2021- $26 ; 2020 - $30 | 1,650 | 1,593 |
| Assets held for sale | 0 | |
| Prepaid and other current assets | 323 | 264 |
| Total current assets | 8,810 | 5,988 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 346 | 364 |
| Equipment and furniture | 515 | 507 |
| Total property and equipment | 861 | 871 |
| Less: accumulated depreciation | (620) | (587) |
| Property and equipment, net | 241 | 284 |
| Right of use assets | 426 | 494 |
| Goodwill | 3,506 | 3,735 |
| Other intangible assets, net | 1,285 | 1,352 |
| Asset for pension benefits | 359 | 297 |
| Other non-current assets | 399 | 387 |
| Total assets | 15,026 | 12,537 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 205 | 233 |
| Accrued compensation and contributions to retirement plans | 607 | 551 |
| Income taxes currently payable | 90 | 84 |
| Unearned revenue | 2,217 | 2,168 |
| Liabilities held for sale | 149 | 0 |
| Other current liabilities | 547 | 551 |
| Total current liabilities | 3,815 | 3,587 |
| Long-term debt | 4,114 | 4,110 |
| Lease liabilities non-current | 492 | 544 |
| Pension and other postretirement benefits | 262 | 291 |
| Other non-current liabilities | 807 | 653 |
| Total liabilities | 9,490 | 9,185 |
| Redeemable noncontrolling interest | 3,429 | 2,781 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued: 294 million shares in 2021 and 2020 | 294 | 294 |
| Additional paid-in capital | 1,031 | 946 |
| Retained income | 15,017 | 13,367 |
| Accumulated other comprehensive loss | (841) | (637) |
| Less: common stock in treasury - at cost: 53 million shares in 2021 and 2020 | (13,469) | (13,461) |
| Total equity controlling interests | 2,032 | 509 |
| Total equity noncontrolling interests | 75 | 62 |
| Total equity | 2,107 | 571 |
| Total liabilities and equity | 15,026 | 12,537 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2021 | |
| 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 |