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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 9, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating Activities: | |||
| Net income | $ 2,534 | 2,303 | 2,121 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 83 | 82 | 84 |
| Amortization of intangibles | 123 | 122 | 122 |
| Provision for losses on accounts receivable | 17 | 18 | 21 |
| Deferred income taxes | (31) | 46 | 81 |
| Stock-based compensation | 90 | 78 | 94 |
| Gain on dispositions | (16) | (49) | 0 |
| Accrued legal settlements | 9 | 0 | 1 |
| Pension settlement charge, net of taxes | 2 | 85 | 0 |
| Loss on extinguishment of debt | 279 | 57 | 0 |
| Lease impairment charges | 120 | 11 | 11 |
| Other | 110 | 25 | 41 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | 18 | (135) | (164) |
| Prepaid and other current assets | (85) | (81) | (1) |
| Accounts payable and accrued expenses | 132 | 73 | (106) |
| Unearned revenue | 220 | 256 | 70 |
| Accrued legal settlements | 0 | (1) | (108) |
| Other current liabilities | (15) | (56) | (67) |
| Net change in prepaid/accrued income taxes | (2) | (41) | (7) |
| Net change in other assets and liabilities | (21) | (17) | (129) |
| Cash provided by operating activities | 3,567 | 2,776 | 2,064 |
| Investing Activities: | |||
| Capital expenditures | (76) | (115) | (113) |
| Acquisitions, net of cash acquired | (201) | (91) | (401) |
| Proceeds from dispositions | 18 | 85 | 6 |
| Changes in short-term investments | 19 | (10) | (5) |
| Cash used for investing activities | (240) | (131) | (513) |
| Financing Activities: | |||
| Proceeds from issuance of senior notes, net | 1,276 | 1,086 | 489 |
| Payments on senior notes | (1,394) | (868) | (403) |
| Dividends paid to shareholders | (645) | (560) | (503) |
| Distributions to noncontrolling interest holders, net | (194) | (143) | (154) |
| Repurchase of treasury shares | (1,164) | (1,240) | (1,660) |
| Exercise of stock options | 16 | 40 | 34 |
| Purchase of additional CRISIL shares | 0 | 0 | (25) |
| Employee withholding tax on share-based payments and other | (61) | (66) | (66) |
| Cash used for financing activities | (2,166) | (1,751) | (2,288) |
| Effect of exchange rate changes on cash | 75 | 34 | (84) |
| Net change in cash, cash equivalents, and restricted cash | 1,236 | 928 | (821) |
| Cash, cash equivalents, and restricted cash at beginning of year | 2,886 | 1,958 | |
| Cash, cash equivalents, and restricted cash at end of year | 4,122 | 2,886 | 1,958 |
| Cash paid during the year for: | |||
| Interest | 159 | 162 | 151 |
| Income taxes | 683 | 659 | 558 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2020 | |
| 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 |