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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities: | |||
| Net (loss) income | $ (13) | 1,466 | 492 |
| Less: income (loss) from discontinued operations | 178 | 592 | (209) |
| Net (loss) income from continuing operations | (191) | 874 | 701 |
| Adjustments to reconcile (loss) income from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 86 | 86 | 93 |
| Amortization of intangibles | 48 | 51 | 48 |
| Provision for losses on accounts receivable | 11 | 22 | 32 |
| Deferred income taxes | (245) | 43 | 53 |
| Stock-based compensation | 100 | 96 | 90 |
| Accrued legal and regulatory settlements | 1,587 | 0 | 0 |
| Other | 80 | 96 | 3 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (9) | (35) | (250) |
| Prepaid and other current assets | (7) | (29) | 3 |
| Accounts payable and accrued expenses | (130) | (94) | 73 |
| Unearned revenue | 78 | 109 | 23 |
| Other current liabilities | (51) | (89) | (68) |
| Net change in prepaid / accrued income taxes | (93) | (238) | 119 |
| Net change in other assets and liabilities | (55) | (110) | (190) |
| Cash provided by operating activities from continuing operations | 1,209 | 782 | 730 |
| Investing Activities: | |||
| Capital expenditures | (92) | (117) | (96) |
| Acquisitions, including contingent payments, net of cash acquired | (71) | (47) | (177) |
| Proceeds from dispositions | 83 | 51 | 0 |
| Changes in short-term investments | 15 | (17) | 27 |
| Cash used for investing activities from continuing operations | (65) | (130) | (246) |
| Financing Activities: | |||
| (Payments on) / additions to short-term debt | 0 | (457) | 457 |
| Payments on senior notes | 0 | 0 | (400) |
| Dividends paid to shareholders | (326) | (308) | (984) |
| Dividends and other payments paid to noncontrolling interests | (84) | (75) | (24) |
| Repurchase of treasury shares | (362) | (978) | (295) |
| Exercise of stock options | 193 | 258 | 299 |
| Contingent payments | (11) | (12) | 0 |
| Purchase of additional CRISIL shares | 0 | (214) | 0 |
| Excess tax benefits from share-based payments | 128 | 43 | 42 |
| Cash used for financing activities from continuing operations | (462) | (1,743) | (905) |
| Effect of exchange rate changes on cash from continuing operations | (65) | (1) | 5 |
| Cash provided by (used for) continuing operations | 617 | (1,092) | (416) |
| Cash provided by (used for) operating activities | 18 | (231) | 537 |
| Cash provided by (used for) investing activities | 320 | 2,129 | (199) |
| Cash used for financing activities | 0 | (25) | (12) |
| Effect of exchange rate changes on cash | 0 | 1 | 3 |
| Effect of change in cash and equivalents | 0 | 0 | 12 |
| Cash provided by discontinued operations | 338 | 1,874 | 341 |
| Net change in cash and equivalents | 955 | 782 | (75) |
| Cash and equivalents at beginning of year | 1,542 | 760 | |
| Cash and equivalents at end of year | 2,497 | 1,542 | 760 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 50 | 50 | 77 |
| Income taxes (including discontinued operations) | 419 | 787 | 243 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2014 | |
| 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 |