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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities: | |||
| Net income (loss) | $ 1,268 | (13) | 1,466 |
| Less: income from discontinued operations | 0 | 178 | 592 |
| Net income (loss) from continuing operations | 1,268 | (191) | 874 |
| Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities from continuing operations: | |||
| Depreciation | 90 | 86 | 86 |
| Amortization of intangibles | 67 | 48 | 51 |
| Provision for losses on accounts receivable | 8 | 11 | 22 |
| Deferred income taxes | 280 | (245) | 43 |
| Stock-based compensation | 78 | 100 | 96 |
| Accrued legal and regulatory settlements | 119 | 1,587 | 0 |
| Other | 46 | 80 | 96 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (118) | (9) | (35) |
| Prepaid and other current assets | (4) | (7) | (29) |
| Accounts payable and accrued expenses | (92) | (130) | (94) |
| Unearned revenue | 129 | 78 | 109 |
| Accrued legal and regulatory settlement | (1,624) | (35) | 0 |
| Other current liabilities | (78) | (16) | (89) |
| Net change in prepaid / accrued income taxes | 61 | (93) | (238) |
| Net change in other assets and liabilities | (35) | (55) | (110) |
| Cash provided by operating activities from continuing operations | 195 | 1,209 | 782 |
| Investing Activities: | |||
| Capital expenditures | (139) | (92) | (117) |
| Acquisitions, including contingent payments, net of cash acquired | (2,396) | (71) | (47) |
| Proceeds from dispositions | 14 | 83 | 51 |
| Changes in short-term investments | (4) | 15 | (17) |
| Cash used for investing activities from continuing operations | (2,525) | (65) | (130) |
| Financing Activities: | |||
| Additions to / (payments on) short-term debt, net | 143 | 0 | (457) |
| Proceeds from issuance of senior notes, net | 2,674 | 0 | 0 |
| Dividends paid to shareholders | (363) | (326) | (308) |
| Dividends and other payments paid to noncontrolling interests | (104) | (84) | (75) |
| Repurchase of treasury shares | (974) | (362) | (978) |
| Exercise of stock options | 86 | 193 | 258 |
| Contingent consideration payment | (5) | (11) | (12) |
| Purchase of additional CRISIL shares | (16) | 0 | (214) |
| Excess tax benefits from share-based payments | 69 | 128 | 43 |
| Cash provided by (used for) financing activities from continuing operations | 1,510 | (462) | (1,743) |
| Effect of exchange rate changes on cash from continuing operations | (67) | (65) | (1) |
| Cash (used for) provided by continuing operations | (887) | 617 | (1,092) |
| Discontinued Operations: | |||
| Cash (used for) provided by operating activities | (129) | 18 | (231) |
| Cash provided by investing activities | 0 | 320 | 2,129 |
| Cash used for financing activities | 0 | 0 | (25) |
| Effect of exchange rate changes on cash | 0 | 0 | 1 |
| Cash (used for) provided by discontinued operations | (129) | 338 | 1,874 |
| Net change in cash and cash equivalents | (1,016) | 955 | 782 |
| Cash and cash equivalents at beginning of year | 2,497 | 1,542 | |
| Cash and cash equivalents at end of year | 1,481 | 2,497 | 1,542 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 65 | 50 | 50 |
| Income taxes (including discontinued operations) | 260 | 419 | 787 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2015 | |
| 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 |