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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 8, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating Activities: | |||
| Net income | $ 3,263 | 2,534 | 2,303 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 82 | 83 | 82 |
| Amortization of intangibles | 96 | 123 | 122 |
| Provision for losses on accounts receivable | 14 | 17 | 18 |
| Deferred income taxes | 13 | (31) | 46 |
| Stock-based compensation | 122 | 90 | 78 |
| Gain on dispositions | (11) | (16) | (49) |
| Accrued legal settlements | 0 | 9 | 0 |
| Pension settlement charge, net of taxes | 0 | 2 | 85 |
| Loss on extinguishment of debt | 0 | 279 | 57 |
| Lease impairment charges | 31 | 120 | 11 |
| Other | 58 | 110 | 25 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | (144) | 18 | (135) |
| Prepaid and other current assets | (86) | (85) | (81) |
| Accounts payable and accrued expenses | 38 | 132 | 73 |
| Unearned revenue | 198 | 220 | 256 |
| Other current liabilities | (45) | (15) | (57) |
| Net change in prepaid/accrued income taxes | (36) | (2) | (41) |
| Net change in other assets and liabilities | 5 | (21) | (17) |
| Cash provided by operating activities | 3,598 | 3,567 | 2,776 |
| Investing Activities: | |||
| Capital expenditures | (35) | (76) | (115) |
| Acquisitions, net of cash acquired | (99) | (201) | (91) |
| Proceeds from dispositions | 16 | 18 | 85 |
| Changes in short-term investments | (2) | 19 | (10) |
| Cash used for investing activities | (120) | (240) | (131) |
| Financing Activities: | |||
| Proceeds from issuance of senior notes, net | 0 | 1,276 | 1,086 |
| Payments on senior notes | 0 | (1,394) | (868) |
| Dividends paid to shareholders | (743) | (645) | (560) |
| Distributions to noncontrolling interest holders, net | (227) | (194) | (143) |
| Repurchase of treasury shares | 0 | (1,164) | (1,240) |
| Exercise of stock options | 13 | 16 | 40 |
| Employee withholding tax on share-based payments and other | (56) | (61) | (66) |
| Cash used for financing activities | (1,013) | (2,166) | (1,751) |
| Effect of exchange rate changes on cash | (82) | 75 | 34 |
| Net change in cash, cash equivalents, and restricted cash | 2,383 | 1,236 | 928 |
| Cash, cash equivalents, and restricted cash at beginning of year | 4,122 | 2,886 | 1,958 |
| Cash, cash equivalents, and restricted cash at end of year | 6,505 | 4,122 | 2,886 |
| Cash paid during the year for: | |||
| Interest | 130 | 159 | 162 |
| Income taxes | 883 | 683 | 659 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2021 | |
| 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 |