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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating Activities: | |||
| Net income | $ 1,638 | 2,228 | 1,268 |
| Adjustments to reconcile net income to cash provided by operating activities from continuing operations: | |||
| Depreciation | 82 | 85 | 90 |
| Amortization of intangibles | 98 | 96 | 67 |
| Provision for losses on accounts receivable | 16 | 9 | 8 |
| Deferred income taxes | 0 | 79 | 280 |
| Stock-based compensation | 99 | 76 | 78 |
| Gain on dispositions | 0 | (1,101) | (11) |
| Accrued legal and regulatory settlements | 55 | 54 | 119 |
| Other | 96 | 30 | 57 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (196) | (177) | (118) |
| Prepaid and other current assets | 10 | 5 | 5 |
| Accounts payable and accrued expenses | 75 | 19 | (9) |
| Unearned revenue | 85 | 107 | 129 |
| Accrued legal and regulatory settlements | (4) | (150) | (1,624) |
| Other current liabilities | (85) | (19) | (77) |
| Net change in prepaid/accrued income taxes | 32 | 174 | 129 |
| Net change in other assets and liabilities | 15 | 45 | (35) |
| Cash provided by operating activities from continuing operations | 2,016 | 1,560 | 356 |
| Investing Activities: | |||
| Capital expenditures | (123) | (115) | (139) |
| Acquisitions, net of cash acquired | (83) | (177) | (2,396) |
| Proceeds from dispositions | 2 | 1,498 | 14 |
| Changes in short-term investments | (5) | (1) | (4) |
| Cash (used for) provided by investing activities from continuing operations | (209) | 1,205 | (2,525) |
| Financing Activities: | |||
| (Payments on)/additions to short-term debt, net | 0 | (143) | 143 |
| Proceeds from issuance of senior notes, net | 0 | 493 | 2,674 |
| Payments on senior notes | 0 | (421) | 0 |
| Dividends paid to shareholders | (421) | (380) | (363) |
| Distributions to noncontrolling interest holders | (111) | (116) | (104) |
| Repurchase of treasury shares | (1,001) | (1,123) | (974) |
| Exercise of stock options | 75 | 88 | 86 |
| Contingent consideration payments | 0 | (39) | (5) |
| Purchase of additional CRISIL shares | 0 | 0 | (16) |
| Employee withholding tax on share-based payments | (49) | (55) | (92) |
| Cash (used for) provided by financing activities from continuing operations | (1,507) | (1,696) | 1,349 |
| Effect of exchange rate changes on cash | 87 | (158) | (67) |
| Cash provided by continuing operations | 387 | 911 | (887) |
| Discontinued Operations: | |||
| Cash used for operating activities | 0 | 0 | (129) |
| Cash used for discontinued operations | 0 | 0 | (129) |
| Net change in cash and cash equivalents | 387 | 911 | (1,016) |
| Cash and cash equivalents at beginning of year | 2,392 | 1,481 | |
| Cash and cash equivalents at end of year | 2,779 | 2,392 | 1,481 |
| Cash paid during the year for: | |||
| Interest (including discontinued operations) | 139 | 150 | 65 |
| Income taxes (including discontinued operations) | 709 | 683 | 260 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2017 | |
| 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 |