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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
Operating Activities: | |||
Net income (loss) | $ 2,228 | 1,268 | (13) |
Less: income from discontinued operations | 0 | 0 | 178 |
Net income (loss) from continuing operations | 2,228 | 1,268 | (191) |
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities from continuing operations: | |||
Depreciation | 85 | 90 | 86 |
Current year amortization | 96 | 67 | 48 |
Provision for losses on accounts receivable | 9 | 8 | 11 |
Deferred income taxes | 79 | 280 | (245) |
Stock-based compensation | 76 | 78 | 100 |
Gain on dispositions | (1,101) | (11) | 9 |
Accrued legal and regulatory settlements | 54 | 119 | 1,587 |
Other | 30 | 57 | 71 |
Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
Accounts receivable | (177) | (118) | (9) |
Prepaid and other current assets | (2) | (4) | (7) |
Accounts payable and accrued expenses | (26) | (92) | (130) |
Unearned revenue | 107 | 129 | 78 |
Accrued legal and regulatory settlements | (150) | (1,624) | (35) |
Other current liabilities | (21) | (78) | (16) |
Net change in prepaid / accrued income taxes | 132 | 61 | (93) |
Net change in other assets and liabilities | 45 | (35) | (55) |
Cash provided by operating activities from continuing operations | 1,464 | 195 | 1,209 |
Investing Activities: | |||
Capital expenditures | (115) | (139) | (92) |
Acquisitions, net of cash acquired | (177) | (2,396) | (71) |
Proceeds from dispositions | 1,498 | 14 | 83 |
Changes in short-term investments | (1) | (4) | 15 |
Cash provided by (used for) investing activities from continuing operations | 1,205 | (2,525) | (65) |
Financing Activities: | |||
(Payments on) / additions to short-term debt, net | (143) | 143 | 0 |
Proceeds from issuance of senior notes, net | 493 | 2,674 | 0 |
Payments on senior notes | (421) | 0 | 0 |
Dividends paid to shareholders | (380) | (363) | (326) |
Dividends and other payments paid to noncontrolling interests | (116) | (104) | (84) |
Repurchase of treasury shares | (1,123) | (974) | (362) |
Exercise of stock options | 88 | 86 | 193 |
Contingent consideration payments | (39) | (5) | (11) |
Purchase of additional CRISIL shares | 0 | (16) | 0 |
Excess tax benefits from share-based payments | 41 | 69 | 128 |
Cash (used for) provided by financing activities from continuing operations | (1,600) | 1,510 | (462) |
Effect of exchange rate changes on cash from continuing operations | (158) | (67) | (65) |
Cash provided by (used for) continuing operations | 911 | (887) | 617 |
Discontinued Operations: | |||
Cash (used for) provided by operating activities | 0 | (129) | 18 |
Cash provided by investing activities | 0 | 0 | 320 |
Cash (used for) provided by discontinued operations | 0 | (129) | 338 |
Net change in cash and cash equivalents | 911 | (1,016) | 955 |
Cash and cash equivalents at beginning of year | 1,481 | 2,497 | |
Cash and cash equivalents at end of year | 2,392 | 1,481 | 2,497 |
Cash paid during the year for: | |||
Interest (including discontinued operations) | 150 | 65 | 50 |
Income taxes (including discontinued operations) | 683 | 260 | 419 |
External Links | |
S&P GLOBAL INC. (SPGI) Fiscal Year 2016 | |
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 |