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: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 7, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities: | |||
| Net income | $ 934 | 852 | 750 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation (including amortization of technology projects) | 127 | 125 | 138 |
| Amortization of intangibles | 60 | 46 | 53 |
| Amortization of prepublication costs | 198 | 246 | 270 |
| Provision for losses on accounts receivable | 1 | 19 | 32 |
| Deferred income taxes | 10 | 74 | 6 |
| Stock-based compensation | 97 | 66 | 22 |
| (Gain) loss on dispositions | (136) | (11) | 3 |
| Other | 93 | 34 | 11 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (55) | (37) | 50 |
| Inventories | 13 | 27 | 68 |
| Prepaid and other current assets | (11) | 1 | (12) |
| Accounts payable and accrued expenses | (67) | 134 | 0 |
| Unearned revenue | 83 | 75 | 26 |
| Other current liabilities | (67) | (19) | (14) |
| Net change in prepaid/accrued income taxes | 49 | (38) | (18) |
| Net change in other assets and liabilities | 15 | (136) | (55) |
| Cash provided by operating activities | 1,344 | 1,458 | 1,330 |
| Investing Activities: | |||
| Investment in prepublication costs | (158) | (151) | (177) |
| Capital expenditures | (119) | (115) | (92) |
| Acquisitions, including contingent payments, net of cash acquired | (200) | (364) | 0 |
| Proceeds from dispositions | 238 | 31 | 15 |
| Changes in short-term investments | (7) | 2 | (25) |
| Cash used for investing activities | (246) | (597) | (279) |
| Financing Activities: | |||
| Payments on short-term debt, net | 0 | 0 | (70) |
| Dividends paid to shareholders | (296) | (292) | (281) |
| Dividends paid to noncontrolling interests | (12) | (19) | (9) |
| Other payments to noncontrolling interests | (15) | (18) | 0 |
| Repurchase of treasury shares | (1,500) | (256) | 0 |
| Exercise of stock options | 139 | 50 | 25 |
| Excess tax benefits from share-based payments | 19 | 2 | 0 |
| Cash used for financing activities | (1,665) | (533) | (335) |
| Effect of exchange rate changes on cash | (15) | (12) | 22 |
| Net change in cash and equivalents | (582) | 316 | 738 |
| Cash and equivalents at beginning of year | 1,526 | 1,210 | |
| Cash and equivalents at end of year | 944 | 1,526 | 1,210 |
| Supplemental Cash Flow Data: | |||
| Interest paid | 71 | 71 | 71 |
| Income taxes paid, net | 452 | 410 | 416 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2011 | |
| 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 |