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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities: | |||
| Net income | $ 2,121 | 1,638 | 2,228 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 84 | 82 | 85 |
| Amortization of intangibles | 122 | 98 | 96 |
| Provision for losses on accounts receivable | 21 | 16 | 9 |
| Deferred income taxes | 81 | 0 | 79 |
| Stock-based compensation | 94 | 99 | 76 |
| Gain on disposition | 0 | 0 | (1,101) |
| Accrued legal settlements | 1 | 55 | 54 |
| Other | 52 | 96 | 30 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (164) | (196) | (177) |
| Prepaid and other current assets | (1) | 10 | 5 |
| Accounts payable and accrued expenses | (106) | 75 | 19 |
| Unearned revenue | 70 | 85 | 107 |
| Accrued legal settlements | (108) | (4) | (150) |
| Other current liabilities | (67) | (85) | (19) |
| Net change in prepaid/accrued income taxes | (7) | 32 | 174 |
| Net change in other assets and liabilities | (129) | 15 | 45 |
| Cash provided by operating activities | 2,064 | 2,016 | 1,560 |
| Investing Activities: | |||
| Capital expenditures | (113) | (123) | (115) |
| Acquisitions, net of cash acquired | (401) | (83) | (177) |
| Contingent consideration payment | 0 | 0 | (34) |
| Proceeds from dispositions | 6 | 2 | 1,498 |
| Changes in short-term investments | (5) | (5) | (1) |
| Cash (used for) provided by investing activities | (513) | (209) | 1,171 |
| Financing Activities: | |||
| Payments on short-term debt, net | 0 | 0 | (143) |
| Proceeds from issuance of senior notes, net | 489 | 0 | 493 |
| Payments on senior notes | (403) | 0 | (421) |
| Dividends paid to shareholders | (503) | (421) | (380) |
| Distributions to noncontrolling interest holders | (154) | (111) | (116) |
| Repurchase of treasury shares | (1,660) | (1,001) | (1,123) |
| Exercise of stock options | 34 | 75 | 88 |
| Contingent consideration payment | 0 | 0 | (5) |
| Purchase of additional CRISIL shares | (25) | 0 | 0 |
| Employee withholding tax on share-based payments | (66) | (49) | (55) |
| Cash used for financing activities | (2,288) | (1,507) | (1,662) |
| Effect of exchange rate changes on cash | (84) | 87 | (158) |
| Net change in cash, cash equivalents, and restricted cash | (821) | 387 | 911 |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,779 | 2,392 | |
| Cash, cash equivalents, and restricted cash at end of year | 1,958 | 2,779 | 2,392 |
| Cash paid during the year for: | |||
| Interest | 151 | 139 | 150 |
| Income taxes | 558 | 709 | 683 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2018 | |
| 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 |