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: 2009 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 24, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 749,761 | 819,365 | 1,027,358 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 112,764 | 119,849 | 112,586 |
| Amortization of intangibles | 52,720 | 58,497 | 48,403 |
| Amortization of prepublication costs | 270,469 | 270,442 | 240,182 |
| Provision for losses on accounts receivable | 31,635 | 27,098 | 14,991 |
| Net change in deferred income taxes | 5,688 | (17) | (46,615) |
| Stock-based compensation | 22,268 | (1,934) | 124,692 |
| Loss/(gain) on disposition of businesses, net | 3,304 | 0 | (21,432) |
| Other | 2,377 | (16,029) | (1,160) |
| Change in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | 50,313 | 95,070 | 71,448 |
| Inventories | 67,645 | (26,482) | (11,601) |
| Prepaid and other current assets | (11,807) | 1,702 | (4,717) |
| Accounts payable and accrued expenses | 79 | (242,327) | 34,840 |
| Unearned revenue | 25,619 | 25,145 | 86,877 |
| Other current liabilities | (14,453) | 26,317 | 71,636 |
| Net change in prepaid/accrued income taxes | (17,892) | 7,354 | (36,940) |
| Net change in other assets and liabilities | (29,711) | 4,703 | 6,403 |
| Cash provided by operating activities | 1,320,779 | 1,168,753 | 1,716,951 |
| Cash Flows from Investing Activities | |||
| Investment in prepublication costs | (176,996) | (254,106) | (298,984) |
| Purchase of property and equipment | (68,526) | (105,978) | (229,609) |
| Acquisition of businesses and equity interests | 0 | (48,261) | (86,707) |
| Disposition of businesses and property and equipment | 15,196 | 440 | 62,261 |
| Additions to technology projects | (23,764) | (25,353) | (16,654) |
| Change in short-term investments | (24,602) | 0 | 0 |
| Cash used for investing activities | (278,692) | (433,258) | (569,693) |
| Cash Flows from Financing Activities | |||
| Dividends paid to shareholders | (281,553) | (280,455) | (277,746) |
| Proceeds from issuance of senior notes, net | 0 | 0 | 1,188,803 |
| Payments/additions on short-term debt, net | (70,000) | 70,000 | (2,345) |
| Repurchase of treasury shares | 0 | (447,233) | (2,212,655) |
| Exercise of stock options | 25,174 | 41,420 | 146,867 |
| Excess tax benefit from share-based payments | 329 | 3,981 | 35,849 |
| Cash used for financing activities | (326,050) | (612,287) | (1,121,227) |
| Effect of exchange rate changes on cash | 22,219 | (47,633) | 16,567 |
| Net change in cash and equivalents | 738,256 | 75,575 | 42,598 |
| Cash and equivalents at beginning of year | 471,671 | 396,096 | |
| Cash and equivalents at end of year | 1,209,927 | 471,671 | 396,096 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2009 | |
| 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 |