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: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenue | $ 11,181 | 8,297 | 7,442 |
| Expenses: | |||
| Operating-related expenses | 3,766 | 2,195 | 2,094 |
| Selling and general expenses | 3,383 | 1,714 | 1,541 |
| Depreciation | 108 | 82 | 83 |
| Amortization of intangibles | 905 | 96 | 123 |
| Total expenses | 8,162 | 4,087 | 3,841 |
| Gain on dispositions | (1,898) | (11) | (16) |
| Equity in income on unconsolidated subsidiaries | (27) | 0 | 0 |
| Operating profit | 4,944 | 4,221 | 3,617 |
| Other income, net | (70) | (62) | (31) |
| Interest expense, net | 304 | 119 | 141 |
| Loss on extinguishment of debt | 8 | 0 | 279 |
| Income before taxes on income | 4,702 | 4,164 | 3,228 |
| Provision for taxes on income | 1,180 | 901 | 694 |
| Net income | 3,522 | 3,263 | 2,534 |
| Less: net income attributable to noncontrolling interests | (274) | (239) | (195) |
| Net income attributable to S&P Global Inc. | 3,248 | 3,024 | 2,339 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | |||
| Net income: | |||
| Basic (USD per share) | 10.25 | 12.56 | 9.71 |
| Diluted (USD per share) | 10.20 | 12.51 | 9.66 |
| Weighted-average number of common shares outstanding: | |||
| Basic (shares) | 316,900 | 240,800 | 241,000 |
| Diluted (shares) | 318,500 | 241,800 | 242,100 |
| Actual shares outstanding at year end (shares) | 321,900 | 241,000 | 240,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income | $ 3,522 | 3,263 | 2,534 |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | (224) | 11 | (24) |
| Income tax effect | (22) | (24) | 22 |
| Foreign currency translation adjustment, net of income tax effect | (246) | (13) | (2) |
| Pension and other postretirement benefit plans | (60) | 33 | (31) |
| Income tax effect | 16 | (10) | 8 |
| Pension and other postretirement benefit plans, net of income tax effect | (44) | 23 | (23) |
| Unrealized gain (loss) on cash flow hedges | 325 | (282) | 17 |
| Income tax effect | (80) | 68 | (5) |
| Unrealized loss on investment and forward exchange contracts, net of income tax effect | 245 | (214) | 12 |
| Comprehensive income | 3,477 | 3,059 | 2,521 |
| Less: comprehensive income attributable to nonredeemable noncontrolling interests | (25) | (24) | (14) |
| Less: comprehensive income attributable to redeemable noncontrolling interests | (249) | (215) | (181) |
| Comprehensive income attributable to S&P Global Inc. | 3,203 | 2,820 | 2,326 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
S&P GLOBAL INC. | |||
Ticker: SPGI Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities: | |||
| Net income | $ 3,522 | 3,263 | 2,534 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 108 | 82 | 83 |
| Amortization of intangibles | 905 | 96 | 123 |
| Provision for losses on accounts receivable | 24 | 14 | 17 |
| Deferred income taxes | (353) | 13 | (31) |
| Stock-based compensation | 214 | 122 | 90 |
| Gain on dispositions | (1,898) | (11) | (16) |
| Loss on extinguishment of debt, net | 8 | 0 | 279 |
| Lease impairment charges | 132 | 31 | 120 |
| Other | 15 | 58 | 121 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | 36 | (144) | 18 |
| Prepaid and other current assets | (123) | (86) | (85) |
| Accounts payable and accrued expenses | 43 | 38 | 132 |
| Unearned revenue | 37 | 198 | 220 |
| Other current liabilities | (2) | (45) | (15) |
| Net change in prepaid/accrued income taxes | (135) | (36) | (2) |
| Net change in other assets and liabilities | 70 | 5 | (21) |
| Cash provided by operating activities | 2,603 | 3,598 | 3,567 |
| Investing Activities: | |||
| Capital expenditures | (89) | (35) | (76) |
| Acquisitions, net of cash acquired | 210 | (99) | (201) |
| Proceeds from dispositions | 3,509 | 16 | 18 |
| Changes in short-term investments | (2) | (2) | 19 |
| Cash provided by (used for) investing activities | 3,628 | (120) | (240) |
| Financing Activities: | |||
| Payments on short-term debt, net | (32) | 0 | 0 |
| Proceeds from issuance of senior notes, net | 5,395 | 0 | 1,276 |
| Payments on senior notes | (3,698) | 0 | (1,394) |
| Dividends paid to shareholders | (1,024) | (743) | (645) |
| Distributions to noncontrolling interest holders | (270) | (227) | (194) |
| Proceeds from noncontrolling interest holders | 410 | 0 | 0 |
| Repurchase of treasury shares | (12,004) | 0 | (1,164) |
| Exercise of stock options | 7 | 13 | 16 |
| Employee withholding tax on share-based payments | (110) | (56) | (61) |
| Cash used for financing activities | (11,326) | (1,013) | (2,166) |
| Effect of exchange rate changes on cash | (123) | (82) | 75 |
| Net change in cash, cash equivalents, and restricted cash | (5,218) | 2,383 | 1,236 |
| Cash, cash equivalents, and restricted cash at beginning of year | 6,505 | 4,122 | 2,886 |
| Cash, cash equivalents, and restricted cash at end of year | 1,287 | 6,505 | 4,122 |
| Cash paid during the year for: | |||
| Interest | 240 | 130 | 159 |
| Income taxes | 1,555 | 883 | 683 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
S&P GLOBAL INC. | ||
Ticker: SPGI Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,286 | 6,497 |
| Restricted cash | 1 | 8 |
| Short-term investments | 14 | 11 |
| Accounts receivable, net of allowance for doubtful accounts: 2022- $48 ; 2021 - $26 | 2,494 | 1,650 |
| Prepaid and other current assets | 574 | 323 |
| Assets of businesses held for sale | 1,298 | 321 |
| Total current assets | 5,667 | 8,810 |
| Property and equipment: | ||
| Buildings and leasehold improvements | 468 | 346 |
| Equipment and furniture | 688 | 515 |
| Total property and equipment | 1,156 | 861 |
| Less: accumulated depreciation | (859) | (620) |
| Property and equipment, net | 297 | 241 |
| Right of use assets | 423 | 426 |
| Goodwill | 34,545 | 3,506 |
| Other intangible assets, net | 18,306 | 1,285 |
| Equity investments in unconsolidated subsidiaries | 1,752 | 165 |
| Asset for pension benefits | 232 | 359 |
| Other non-current assets | 562 | 234 |
| Total Assets | 61,784 | 15,026 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 450 | 205 |
| Accrued compensation and contributions to retirement plans | 753 | 607 |
| Short-term debt | 226 | 0 |
| Income taxes currently payable | 116 | 90 |
| Unearned revenue | 3,126 | 2,217 |
| Other current liabilities | 1,094 | 547 |
| Liabilities of businesses held for sale | 234 | 149 |
| Total current liabilities | 5,999 | 3,815 |
| Long-term debt | 10,730 | 4,114 |
| Lease liabilities non-current | 577 | 492 |
| Pension and other postretirement benefits | 180 | 262 |
| Deferred tax liability non-current | 4,065 | 147 |
| Other non-current liabilities | 489 | 660 |
| Total liabilities | 22,040 | 9,490 |
| Redeemable noncontrolling interest | 3,267 | 3,429 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Common stock, $1 par value: authorized - 600 million shares; issued: 2022 - 415 million shares; 2021 - 294 million shares | 415 | 294 |
| Additional paid-in capital | 44,422 | 1,031 |
| Retained income | 17,784 | 15,017 |
| Accumulated other comprehensive loss | (886) | (841) |
| Less: common stock in treasury - at cost: 2022 - 86 million shares; 2021- 53 million shares | (25,347) | (13,469) |
| Total equity controlling interests | 36,388 | 2,032 |
| Total equity noncontrolling interests | 89 | 75 |
| Total equity | 36,477 | 2,107 |
| Total liabilities and equity | 61,784 | 15,026 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2022 | |
| 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 |