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10-Q Filing

S&P GLOBAL INC. CIK: 64040 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000064040-18-000125
Period End Date 20180331
Filing Date 20180426
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance spgi-20180331.xml
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $34.00M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $33.00M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $554.00M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $569.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.76B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.39B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.41B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.78B USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts: 2018 - $34; 2017 - $33 AccountsReceivableNetCurrent $1.32B USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts: 2018 - $34; 2017 - $33 AccountsReceivableNetCurrent $1.31B USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $215.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $226.00M USD Point-in-time
Total current assets AssetsCurrent $4.32B USD Point-in-time
Total current assets AssetsCurrent $3.28B USD Point-in-time
Property and equipment, net of accumulated depreciation: 2018 - $569; 2017 - $554 PropertyPlantAndEquipmentNet $270.00M USD Point-in-time
Property and equipment, net of accumulated depreciation: 2018 - $569; 2017 - $554 PropertyPlantAndEquipmentNet $275.00M USD Point-in-time
Goodwill Goodwill $3.04B USD Point-in-time
Goodwill Goodwill $2.99B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.39B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.39B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $508.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $449.00M USD Point-in-time
Total assets Assets $8.50B USD Point-in-time
Total assets Assets $9.43B USD Point-in-time
Accounts payable AccountsPayableCurrent $195.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $196.00M USD Point-in-time
Accrued compensation and contributions to retirement plans EmployeeRelatedLiabilitiesCurrent $472.00M USD Point-in-time
Accrued compensation and contributions to retirement plans EmployeeRelatedLiabilitiesCurrent $195.00M USD Point-in-time
Short-term debt DebtCurrent $400.00M USD Point-in-time
Short-term debt DebtCurrent $399.00M USD Point-in-time
Income taxes currently payable TaxesPayableCurrent $100.00M USD Point-in-time
Income taxes currently payable TaxesPayableCurrent $77.00M USD Point-in-time
Unearned revenue DeferredRevenueCurrent $1.68B USD Point-in-time
Unearned revenue DeferredRevenueCurrent $1.61B USD Point-in-time
Accrued legal and regulatory settlements AccruedProfessionalFeesCurrent $107.00M USD Point-in-time
Accrued legal and regulatory settlements AccruedProfessionalFeesCurrent $82.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $483.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $351.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.21B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.13B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.17B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.17B USD Point-in-time
Pension and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $244.00M USD Point-in-time
Pension and other postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $235.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $539.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $679.00M USD Point-in-time
Total liabilities Liabilities $7.31B USD Point-in-time
Total liabilities Liabilities $7.08B USD Point-in-time
Redeemable noncontrolling interest (Note 8) RedeemableNoncontrollingInterestEquityCarryingAmount $1.35B USD Point-in-time
Redeemable noncontrolling interest (Note 8) RedeemableNoncontrollingInterestEquityCarryingAmount $1.35B USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $412.00M USD Point-in-time
Common stock CommonStockValue $412.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $525.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $335.00M USD Point-in-time
Retained income RetainedEarningsAccumulatedDeficit $10.03B USD Point-in-time
Retained income RetainedEarningsAccumulatedDeficit $10.43B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-630.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-649.00M USD Point-in-time
Less: common stock in treasury TreasuryStockValue $10.54B USD Point-in-time
Less: common stock in treasury TreasuryStockValue $9.60B USD Point-in-time
Total equity controlling interests StockholdersEquity $7.00M USD Point-in-time
Total equity controlling interests StockholdersEquity $711.00M USD Point-in-time
Total equity noncontrolling interests MinorityInterest $57.00M USD Point-in-time
Total equity noncontrolling interests MinorityInterest $61.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $768.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $9.43B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $8.50B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenue Revenues $1.45B USD 1 Quarter
Revenue Revenues $1.57B USD 1 Quarter
Operating-related expenses CostOfRevenue $439.00M USD 1 Quarter
Operating-related expenses CostOfRevenue $411.00M USD 1 Quarter
Selling and general expenses SellingGeneralAndAdministrativeExpense $372.00M USD 1 Quarter
Selling and general expenses SellingGeneralAndAdministrativeExpense $360.00M USD 1 Quarter
Depreciation DepreciationNonproduction $19.00M USD 1 Quarter
Depreciation DepreciationNonproduction $21.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $24.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $24.00M USD 1 Quarter
Total expenses CostsAndExpenses $814.00M USD 1 Quarter
Total expenses CostsAndExpenses $856.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $711.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $639.00M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $4.00M USD 1 Quarter
Other (income) expense, net OtherNonoperatingIncomeExpense $9.00M USD 1 Quarter
Interest expense, net InterestExpense $34.00M USD 1 Quarter
Interest expense, net InterestExpense $37.00M USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $681.00M USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $611.00M USD 1 Quarter
Provision for taxes on income IncomeTaxExpenseBenefit $147.00M USD 1 Quarter
Provision for taxes on income IncomeTaxExpenseBenefit $181.00M USD 1 Quarter
Net income ProfitLoss $430.00M USD 1 Quarter
Net income ProfitLoss $534.00M USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $43.00M USD 1 Quarter
Less: net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $31.00M USD 1 Quarter
Net income attributable to S&P Global Inc. NetIncomeLoss $399.00M USD 1 Quarter
Net income attributable to S&P Global Inc. NetIncomeLoss $491.00M USD 1 Quarter
Basic (USD per share) EarningsPerShareBasic $1.54 USD 1 Quarter
Basic (USD per share) EarningsPerShareBasic $1.94 USD 1 Quarter
Diluted (USD per share) EarningsPerShareDiluted $1.93 USD 1 Quarter
Diluted (USD per share) EarningsPerShareDiluted $1.53 USD 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 252.40M shares 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 258.20M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 260.80M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 254.40M shares 1 Quarter
Actual shares outstanding at period end (shares) ActualSharesOutstandingatPeriodEnd 257.80M shares 1 Quarter
Actual shares outstanding at period end (shares) ActualSharesOutstandingatPeriodEnd 249.40M shares 1 Quarter
Dividend declared per common share (USD per share) CommonStockDividendsPerShareDeclared $0.41 USD 1 Quarter
Dividend declared per common share (USD per share) CommonStockDividendsPerShareDeclared $0.50 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $430.00M USD 1 Quarter
Net income ProfitLoss $534.00M USD 1 Quarter
Depreciation Depreciation $21.00M USD 1 Quarter
Depreciation Depreciation $19.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $24.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $24.00M USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $8.00M USD 1 Quarter
Provision for losses on accounts receivable ProvisionForDoubtfulAccounts $5.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $13.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $19.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-13.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-16.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-7.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-12.00M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInOtherCurrentAssets $21.00M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInOtherCurrentAssets $-9.00M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-235.00M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-289.00M USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $-6.00M USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $27.00M USD 1 Quarter
Accrued legal settlements PaymentsForLegalSettlements $29.00M USD 1 Quarter
Accrued legal settlements PaymentsForLegalSettlements $1.00M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-58.00M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $19.00M USD 1 Quarter
Net change in prepaid/accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $146.00M USD 1 Quarter
Net change in prepaid/accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $74.00M USD 1 Quarter
Net change in other assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $24.00M USD 1 Quarter
Net change in other assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $44.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $360.00M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $353.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $23.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $33.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $57.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $1.00M USD 1 Quarter
Proceeds from dispositions ProceedsFromSaleOfPropertyPlantAndEquipment $2.00M USD 1 Quarter
Proceeds from dispositions ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Changes in short-term investments PaymentsForProceedsFromOtherInvestingActivities $-3.00M USD 1 Quarter
Changes in short-term investments PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-87.00M USD 1 Quarter
Cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-22.00M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsCommonStock $127.00M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsCommonStock $106.00M USD 1 Quarter
Distributions to noncontrolling interest holders PaymentsToMinorityShareholders $50.00M USD 1 Quarter
Distributions to noncontrolling interest holders PaymentsToMinorityShareholders $24.00M USD 1 Quarter
Repurchase of treasury shares PaymentsForRepurchaseOfCommonStock $201.00M USD 1 Quarter
Repurchase of treasury shares PaymentsForRepurchaseOfCommonStock $1.10B USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $10.00M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $29.00M USD 1 Quarter
Employee withholding tax on share-based payments PaymentsRelatedToTaxWithholdingForShareBasedCompensation $49.00M USD 1 Quarter
Employee withholding tax on share-based payments PaymentsRelatedToTaxWithholdingForShareBasedCompensation $44.00M USD 1 Quarter
Cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-1.32B USD 1 Quarter
Cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-346.00M USD 1 Quarter
Effect of exchange rate changes on cash from continuing operations EffectOfExchangeRateOnCashAndCashEquivalents $34.00M USD 1 Quarter
Effect of exchange rate changes on cash from continuing operations EffectOfExchangeRateOnCashAndCashEquivalents $20.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $19.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.02B USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.76B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.39B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.41B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.78B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.76B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.39B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.41B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.78B USD Point-in-time
Stockholders Equity 11 line items
Line Item Tag Value Unit Period
Net income attributable to noncontrolling interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest $40.00M USD 1 Quarter
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.00M USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $768.00M USD Point-in-time
Comprehensive income ComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestExcludingRedeemableNoncontrollingInterest $503.00M USD 1 Quarter
Dividends DividendsCommonStockCash $127.00M USD 1 Quarter
Share repurchases TreasuryStockValueAcquiredCostMethod $1.10B USD 1 Quarter
Employee stock plans AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $-24.00M USD 1 Quarter
Change in redemption value of redeemable noncontrolling interest NoncontrollingInterestChangeInRedemptionValueOfRedeemableNoncontrollingInterest $-12.00M USD 1 Quarter
Other StockholdersEquityOther $-36.00M USD 1 Quarter
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $68.00M USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $768.00M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $430.00M USD 1 Quarter
Net income ProfitLoss $534.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $23.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $30.00M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $18.00M USD 1 Quarter
Foreign currency translation adjustment, net of income tax effect OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.00M USD 1 Quarter
Foreign currency translation adjustment, net of income tax effect OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $30.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-4.00M USD 1 Quarter
Pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-4.00M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-1.00M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-1.00M USD 1 Quarter
Pension and other postretirement benefit plans, net of income tax effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 1 Quarter
Pension and other postretirement benefit plans, net of income tax effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00M USD 1 Quarter
Unrealized gain on forward exchange contracts OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $7.00M USD 1 Quarter
Unrealized gain on forward exchange contracts OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax - USD 1 Quarter
Income tax effect OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $2.00M USD 1 Quarter
Unrealized gain on forward exchange contracts, net of income tax effect OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.00M USD 1 Quarter
Unrealized gain on forward exchange contracts, net of income tax effect OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $5.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $543.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $468.00M USD 1 Quarter
Less: comprehensive income attributable to nonredeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest $1.00M USD 1 Quarter
Less: comprehensive income attributable to nonredeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest $3.00M USD 1 Quarter
Less: comprehensive income attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $40.00M USD 1 Quarter
Less: comprehensive income attributable to redeemable noncontrolling interests ComprehensiveIncomeLossNetOfTaxAttributableToRedeemableNoncontrollingInterest $30.00M USD 1 Quarter
Comprehensive income attributable to S&P Global Inc. ComprehensiveIncomeNetOfTax $500.00M USD 1 Quarter
Comprehensive income attributable to S&P Global Inc. ComprehensiveIncomeNetOfTax $437.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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