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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating Activities: | |||
| Net income | $ 3,522 | 3,263 | 2,534 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation | 108 | 82 | 83 |
| Amortization of intangibles | 905 | 96 | 123 |
| Provision for losses on accounts receivable | 24 | 14 | 17 |
| Deferred income taxes | (353) | 13 | (31) |
| Stock-based compensation | 214 | 122 | 90 |
| Gain on dispositions | (1,898) | (11) | (16) |
| Loss on extinguishment of debt, net | 8 | 0 | 279 |
| Lease impairment charges | 132 | 31 | 120 |
| Other | 15 | 58 | 121 |
| Changes in operating assets and liabilities, net of effect of acquisitions and dispositions: | |||
| Accounts receivable | 36 | (144) | 18 |
| Prepaid and other current assets | (123) | (86) | (85) |
| Accounts payable and accrued expenses | 43 | 38 | 132 |
| Unearned revenue | 37 | 198 | 220 |
| Other current liabilities | (2) | (45) | (15) |
| Net change in prepaid/accrued income taxes | (135) | (36) | (2) |
| Net change in other assets and liabilities | 70 | 5 | (21) |
| Cash provided by operating activities | 2,603 | 3,598 | 3,567 |
| Investing Activities: | |||
| Capital expenditures | (89) | (35) | (76) |
| Acquisitions, net of cash acquired | 210 | (99) | (201) |
| Proceeds from dispositions | 3,509 | 16 | 18 |
| Changes in short-term investments | (2) | (2) | 19 |
| Cash provided by (used for) investing activities | 3,628 | (120) | (240) |
| Financing Activities: | |||
| Payments on short-term debt, net | (32) | 0 | 0 |
| Proceeds from issuance of senior notes, net | 5,395 | 0 | 1,276 |
| Payments on senior notes | (3,698) | 0 | (1,394) |
| Dividends paid to shareholders | (1,024) | (743) | (645) |
| Distributions to noncontrolling interest holders | (270) | (227) | (194) |
| Proceeds from noncontrolling interest holders | 410 | 0 | 0 |
| Repurchase of treasury shares | (12,004) | 0 | (1,164) |
| Exercise of stock options | 7 | 13 | 16 |
| Employee withholding tax on share-based payments | (110) | (56) | (61) |
| Cash used for financing activities | (11,326) | (1,013) | (2,166) |
| Effect of exchange rate changes on cash | (123) | (82) | 75 |
| Net change in cash, cash equivalents, and restricted cash | (5,218) | 2,383 | 1,236 |
| Cash, cash equivalents, and restricted cash at beginning of year | 6,505 | 4,122 | 2,886 |
| Cash, cash equivalents, and restricted cash at end of year | 1,287 | 6,505 | 4,122 |
| Cash paid during the year for: | |||
| Interest | 240 | 130 | 159 |
| Income taxes | 1,555 | 883 | 683 |
| External Links | |
| S&P GLOBAL INC. (SPGI) Fiscal Year 2022 | |
| 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 |