$SPGI
S&P Global Inc.

2014 Q1 Form 10-Q Financial Statement

#000006404014000013 Filed on April 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.196B $1.140B
YoY Change 4.91% 10.14%
Cost Of Revenue $396.0M $374.0M
YoY Change 5.88% 3.6%
Gross Profit $800.0M $766.0M
YoY Change 4.44% 13.65%
Gross Profit Margin 66.89% 67.19%
Selling, General & Admin $347.0M $494.0M
YoY Change -29.76% 36.84%
% of Gross Profit 43.38% 64.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.00M $23.00M
YoY Change -8.7% 4.55%
% of Gross Profit 2.63% 3.0%
Operating Expenses $776.0M $903.0M
YoY Change -14.06% 19.92%
Operating Profit $420.0M $269.0M
YoY Change 56.13% -4.61%
Interest Expense $14.00M $15.00M
YoY Change -6.67% -28.57%
% of Operating Profit 3.33% 5.58%
Other Income/Expense, Net
YoY Change
Pretax Income $406.0M $263.0M
YoY Change 54.37% 0.77%
Income Tax $138.0M $89.00M
% Of Pretax Income 33.99% 33.84%
Net Earnings $248.0M $735.0M
YoY Change -66.26% 497.56%
Net Earnings / Revenue 20.74% 64.47%
Basic Earnings Per Share $0.91 $2.62
Diluted Earnings Per Share $0.89 $2.59
COMMON SHARES
Basic Shares Outstanding 271.8M shares 280.5M shares
Diluted Shares Outstanding 277.2M shares 284.3M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.531B $1.905B
YoY Change -19.63% 104.4%
Cash & Equivalents $1.531B $1.905B
Short-Term Investments
Other Short-Term Assets $345.0M $277.0M
YoY Change 24.55% -34.2%
Inventory
Prepaid Expenses
Receivables $988.0M $999.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.864B $3.181B
YoY Change -9.97% 23.39%
LONG-TERM ASSETS
Property, Plant & Equipment $242.0M $345.0M
YoY Change -29.86% -28.87%
Goodwill $1.413B $1.429B
YoY Change -1.12%
Intangibles $1.036B $1.054B
YoY Change -1.71%
Long-Term Investments
YoY Change
Other Assets $179.0M $261.0M
YoY Change -31.42% -8.1%
Total Long-Term Assets $3.147B $3.089B
YoY Change 1.88% -18.15%
TOTAL ASSETS
Total Short-Term Assets $2.864B $3.181B
Total Long-Term Assets $3.147B $3.089B
Total Assets $6.011B $6.270B
YoY Change -4.13% -1.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.0M $250.0M
YoY Change -17.6% -25.82%
Accrued Expenses $212.0M $250.0M
YoY Change -15.2% -26.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $2.254B $2.688B
YoY Change -16.15% -5.95%
LONG-TERM LIABILITIES
Long-Term Debt $799.0M $799.0M
YoY Change 0.0% 0.13%
Other Long-Term Liabilities $476.0M $380.0M
YoY Change 25.26% -58.24%
Total Long-Term Liabilities $1.275B $1.179B
YoY Change 8.14% -30.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.254B $2.688B
Total Long-Term Liabilities $1.275B $1.179B
Total Liabilities $3.794B $4.378B
YoY Change -13.34% -5.77%
SHAREHOLDERS EQUITY
Retained Earnings $7.565B $7.168B
YoY Change 5.54%
Common Stock $760.0M $648.0M
YoY Change 17.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.772B $6.332B
YoY Change 6.95%
Treasury Stock Shares
Shareholders Equity $1.363B $1.030B
YoY Change
Total Liabilities & Shareholders Equity $6.011B $6.270B
YoY Change -4.13% -1.29%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $248.0M $735.0M
YoY Change -66.26% 497.56%
Depreciation, Depletion And Amortization $21.00M $23.00M
YoY Change -8.7% 4.55%
Cash From Operating Activities $120.0M $27.00M
YoY Change 344.44% -307.69%
INVESTING ACTIVITIES
Capital Expenditures -$20.00M -$22.00M
YoY Change -9.09% 120.0%
Acquisitions $15.00M $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $2.159B
YoY Change -100.0% -4098.15%
Cash From Investing Activities -$35.00M $2.137B
YoY Change -101.64% -3439.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $164.0M $500.0M
YoY Change -67.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.00M -996.0M
YoY Change -90.36% -2471.43%
NET CHANGE
Cash From Operating Activities 120.0M 27.00M
Cash From Investing Activities -35.00M 2.137B
Cash From Financing Activities -96.00M -996.0M
Net Change In Cash -11.00M 1.168B
YoY Change -100.94% -3437.14%
FREE CASH FLOW
Cash From Operating Activities $120.0M $27.00M
Capital Expenditures -$20.00M -$22.00M
Free Cash Flow $140.0M $49.00M
YoY Change 185.71% -1733.33%

Facts In Submission

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MCGRAW HILL FINANCIAL INC

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