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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 10, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities: | |||
| Net income | $ 2,303 | 2,121 | 1,638 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 82 | 84 | 82 |
| Amortization of intangibles | 122 | 122 | 98 |
| Provision for losses on accounts receivable | 18 | 21 | 16 |
| Deferred income taxes | 46 | 81 | 0 |
| Stock-based compensation | 78 | 94 | 99 |
| Gain on dispositions | (49) | 0 | 0 |
| Accrued legal settlements | 0 | 1 | 55 |
| Pension settlement charge, net of taxes | 85 | 0 | 0 |
| Other | 93 | 52 | 96 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (135) | (164) | (196) |
| Prepaid and other current assets | (81) | (1) | 10 |
| Accounts payable and accrued expenses | 73 | (106) | 75 |
| Unearned revenue | 256 | 70 | 85 |
| Accrued legal settlements | (1) | (108) | (4) |
| Other current liabilities | (56) | (67) | (85) |
| Net change in prepaid/accrued income taxes | (41) | (7) | 32 |
| Net change in other assets and liabilities | (17) | (129) | 15 |
| Cash provided by operating activities | 2,776 | 2,064 | 2,016 |
| Investing Activities: | |||
| Capital expenditures | (115) | (113) | (123) |
| Acquisitions, net of cash acquired | (91) | (401) | (83) |
| Proceeds from dispositions | 85 | 6 | 2 |
| Changes in short-term investments | (10) | (5) | (5) |
| Cash used for investing activities | (131) | (513) | (209) |
| Financing Activities: | |||
| Proceeds from issuance of senior notes, net | 1,086 | 489 | 0 |
| Payments on senior notes | (868) | (403) | 0 |
| Dividends paid to shareholders | (560) | (503) | (421) |
| Distributions to noncontrolling interest holders, net | (143) | (154) | (111) |
| Repurchase of treasury shares | (1,240) | (1,660) | (1,001) |
| Exercise of stock options | 40 | 34 | 75 |
| Purchase of additional CRISIL shares | 0 | (25) | 0 |
| Employee withholding tax on share-based payments and other | (66) | (66) | (49) |
| Cash used for financing activities | (1,751) | (2,288) | (1,507) |
| Effect of exchange rate changes on cash | 34 | (84) | 87 |
| Net change in cash, cash equivalents, and restricted cash | 928 | (821) | 387 |
| Cash, cash equivalents, and restricted cash at beginning of year | 1,958 | 2,779 | |
| Cash, cash equivalents, and restricted cash at end of year | 2,886 | 1,958 | 2,779 |
| Cash paid during the year for: | |||
| Interest | 162 | 151 | 139 |
| Income taxes | 659 | 558 | 709 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2019 | |
| 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 |