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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 7, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Activities: | |||
| Net income | $ 1,466 | 492 | 934 |
| Less: income (loss) from discontinued operations | 563 | (234) | 308 |
| Net income from continuing operations | 903 | 726 | 626 |
| Adjustments to reconcile income from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 86 | 93 | 93 |
| Amortization of intangibles | 51 | 48 | 33 |
| Provision for losses on accounts receivable | 22 | 32 | 6 |
| Deferred income taxes | 43 | 53 | 17 |
| Stock-based compensation | 99 | 93 | 77 |
| Gain on dispositions, net | (24) | 0 | (13) |
| Other | 136 | 16 | 63 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (35) | (239) | 14 |
| Prepaid and other current assets | (29) | 3 | (16) |
| Accounts payable and accrued expenses | (93) | 60 | (29) |
| Unearned revenue | 108 | 17 | 44 |
| Other current liabilities | (89) | (70) | (52) |
| Net change in prepaid / accrued income taxes | (238) | 119 | 55 |
| Net change in other assets and liabilities | (124) | (204) | 6 |
| Cash provided by operating activities from continuing operations | 816 | 747 | 924 |
| Investing Activities: | |||
| Capital expenditures | (117) | (97) | (92) |
| Acquisitions, including contingent payments, net of cash acquired | (47) | (177) | (194) |
| Proceeds from dispositions | 51 | 0 | 21 |
| Changes in short-term investments | (17) | 27 | (6) |
| Cash used for investing activities from continuing operations | (130) | (247) | (271) |
| Financing Activities: | |||
| (Payments on) / additions to short-term debt | (457) | 457 | 0 |
| Payments on senior notes | 0 | (400) | 0 |
| Dividends paid to shareholders | (308) | (984) | (296) |
| Dividends and other payments paid to noncontrolling interests | (75) | (24) | (23) |
| Repurchase of treasury shares | (978) | (295) | (1,500) |
| Exercise of stock options | 258 | 299 | 139 |
| Contingent payments | (12) | 0 | 0 |
| Purchase of additional CRISIL shares | (214) | 0 | 0 |
| Excess tax benefits from share-based payments | 43 | 42 | 20 |
| Cash used for financing activities from continuing operations | (1,743) | (905) | (1,660) |
| Effect of exchange rate changes on cash from continuing operations | (1) | 5 | (10) |
| Cash used for continuing operations | (1,058) | (400) | (1,017) |
| Cash (used for) provided by operating activities | (265) | 520 | 420 |
| Cash provided by (used for) investing activities | 2,129 | (198) | 25 |
| Cash used for financing activities | (25) | (12) | (4) |
| Effect of exchange rate changes on cash | 1 | 3 | (5) |
| Effect of change in cash and equivalents | 0 | 12 | 0 |
| Cash provided by discontinued operations | 1,840 | 325 | 436 |
| Net change in cash and equivalents | 782 | (75) | (581) |
| Cash and equivalents at beginning of year | 760 | 835 | |
| Cash and equivalents at end of year | 1,542 | 760 | 835 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 50 | 77 | 71 |
| Income taxes (including discontinued operations) | 787 | 243 | 452 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2013 | |
| 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 |