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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 23, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities: | |||
| Net income | $ 851,869 | 749,761 | 819,365 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 125,492 | 137,339 | 149,737 |
| Amortization of intangibles | 45,595 | 52,720 | 58,497 |
| Amortization of prepublication costs | 246,312 | 270,469 | 270,442 |
| Provision for losses on accounts receivable | 19,316 | 31,635 | 27,098 |
| Deferred income taxes | 74,406 | 5,688 | (17) |
| Stock-based compensation | 66,485 | 22,268 | (1,934) |
| (Gain) loss on dispositions | (11,058) | 3,304 | 0 |
| Other | 35,111 | 11,539 | (6,732) |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (37,039) | 50,313 | 95,070 |
| Inventories | 26,923 | 67,645 | (26,482) |
| Prepaid and other current assets | 506 | (11,807) | 1,702 |
| Accounts payable and accrued expenses | 134,003 | 79 | (242,327) |
| Unearned revenue | 74,855 | 25,619 | 25,145 |
| Other current liabilities | (18,761) | (14,453) | 26,317 |
| Net change in prepaid/accrued income taxes | (38,433) | (17,892) | 7,354 |
| Net change in other assets and liabilities | (137,403) | (54,286) | (25,185) |
| Cash provided by operating activities | 1,458,179 | 1,329,941 | 1,178,050 |
| Investing Activities: | |||
| Investment in prepublication costs | (150,842) | (176,996) | (254,106) |
| Capital expenditures | (115,443) | (92,290) | (131,331) |
| Acquisitions, including contingent payments, net of cash acquired | (364,396) | 0 | (48,261) |
| Proceeds from dispositions of businesses and property and equipment | 30,685 | 15,196 | 440 |
| Changes in short-term investments | 2,446 | (24,602) | 0 |
| Cash used for investing activities | (597,550) | (278,692) | (433,258) |
| Financing Activities: | |||
| Payments/additions on short-term debt, net | 0 | (70,000) | 70,000 |
| Dividends paid to shareholders | (292,257) | (281,553) | (280,455) |
| Dividends paid to noncontrolling interests | (18,906) | (9,162) | (9,297) |
| Other payments to noncontrolling interests | (17,844) | 0 | 0 |
| Repurchase of treasury shares | (255,808) | 0 | (447,233) |
| Exercise of stock options | 49,892 | 25,174 | 41,420 |
| Excess tax benefits from share-based payments | 1,514 | 329 | 3,981 |
| Cash used for financing activities | (533,409) | (335,212) | (621,584) |
| Effect of exchange rate changes on cash | (11,551) | 22,219 | (47,633) |
| Net change in cash and equivalents | 315,669 | 738,256 | 75,575 |
| Cash and equivalents at beginning of year | 1,209,927 | 471,671 | |
| Cash and equivalents at end of year | 1,525,596 | 1,209,927 | 471,671 |
| Supplemental Cash Flow Data: | |||
| Interest paid | 71,300 | 71,400 | 71,879 |
| Income taxes paid, net | 410,342 | 415,643 | 466,148 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2010 | |
| 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 |