Ihs Markit (INFO) annual cash flow statement covering fiscal 2016 through 2021, as reported to the SEC.
Net cash provided by operating activities has grown 18.4% a year on average since fiscal 2016, from $638.3M to $1.49B.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Nov'21 | Nov'20 | Nov'19 | Nov'18 | Nov'17 | Nov'16 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||||||||||||
Net income | |||||||||||||||||||||
1,206,000 | 869,400 | 499,400 | 539,200 | 417,000 | 152,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 1,206,000 | 869,400 | 499,400 | 539,200 | 417,000 | 152,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reconciliation of net income to net cash provided by operating activities: | |||||||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||
586,500 | 591,600 | 573,100 | 541,200 | 492,500 | 335,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation and amortization | 586,500 | 591,600 | 573,100 | 541,200 | 492,500 | 335,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Stock-based compensation expense | |||||||||||||||||||||
226,900 | 265,700 | 223,800 | 241,700 | 261,900 | 206,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Stock-based compensation expense | 226,900 | 265,700 | 223,800 | 241,700 | 261,900 | 206,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain on sale of assets, net | |||||||||||||||||||||
534,600 | 377,300 | 115,300 | - | - | 41,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain on sale of assets, net | 534,600 | 377,300 | 115,300 | - | - | 41,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Impairment of assets | |||||||||||||||||||||
13,200 | 33,800 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Impairment of assets | 13,200 | 33,800 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payment for acquisition related performance compensation | |||||||||||||||||||||
- | 75,900 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payment for acquisition related performance compensation | - | 75,900 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Excess tax benefit from stock-based compensation | |||||||||||||||||||||
- | - | - | - | - | 5,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Excess tax benefit from stock-based compensation | - | - | - | - | - | 5,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net periodic pension and postretirement expense | |||||||||||||||||||||
- | 31,600 | 2,800 | -5,600 | 6,900 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net periodic pension and postretirement expense | - | 31,600 | 2,800 | -5,600 | 6,900 | 10,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Undistributed loss of equity-method investees, net | |||||||||||||||||||||
-200 | -900 | -400 | 800 | -5,200 | -2,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Undistributed loss of equity-method investees, net | -200 | -900 | -400 | 800 | -5,200 | -2,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Pension and postretirement contributions | |||||||||||||||||||||
- | 34,400 | 2,000 | 2,600 | 5,700 | 5,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Pension and postretirement contributions | - | 34,400 | 2,000 | 2,600 | 5,700 | 5,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income taxes | |||||||||||||||||||||
136,300 | 134,700 | 49,600 | 211,700 | 100,100 | -6,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income taxes | 136,300 | 134,700 | 49,600 | 211,700 | 100,100 | -6,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in assets and liabilities: | |||||||||||||||||||||
Accounts receivable, net | |||||||||||||||||||||
68,700 | -1,600 | 67,900 | 11,800 | 27,500 | 8,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable, net | 68,700 | -1,600 | 67,900 | 11,800 | 27,500 | 8,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other current assets | |||||||||||||||||||||
-15,500 | 21,900 | 27,000 | -9,700 | 34,600 | -12,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other current assets | -15,500 | 21,900 | 27,000 | -9,700 | 34,600 | -12,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts payable | |||||||||||||||||||||
30,100 | -17,300 | 15,500 | 32,100 | -20,000 | -12,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | 30,100 | -17,300 | 15,500 | 32,100 | -20,000 | -12,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses | |||||||||||||||||||||
-23,100 | 11,400 | 11,900 | 65,000 | -42,800 | 35,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses | -23,100 | 11,400 | 11,900 | 65,000 | -42,800 | 35,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax | |||||||||||||||||||||
87,300 | -41,200 | 76,900 | 22,500 | -14,700 | -44,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax | 87,300 | -41,200 | 76,900 | 22,500 | -14,700 | -44,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenue | |||||||||||||||||||||
85,200 | 5,700 | 38,800 | 26,600 | 4,700 | -14,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenue | 85,200 | 5,700 | 38,800 | 26,600 | 4,700 | -14,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other assets and liabilities | |||||||||||||||||||||
-2,000 | 29,800 | 70,500 | 44,000 | 18,700 | 9,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other assets and liabilities | -2,000 | 29,800 | 70,500 | 44,000 | 18,700 | 9,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided by operating activities | |||||||||||||||||||||
1,486,200 | 1,138,800 | 1,251,300 | 1,289,500 | 961,500 | 638,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided by operating activities | 1,486,200 | 1,138,800 | 1,251,300 | 1,289,500 | 961,500 | 638,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investing activities: | |||||||||||||||||||||
Capital expenditures on property and equipment | |||||||||||||||||||||
294,300 | 274,800 | 278,100 | 222,700 | 260,200 | 147,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Capital expenditures on property and equipment | 294,300 | 274,800 | 278,100 | 222,700 | 260,200 | 147,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Acquisitions of businesses, net of cash acquired | |||||||||||||||||||||
46,900 | 4,700 | 136,500 | 1,876,200 | 401,100 | 1,014,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Acquisitions of businesses, net of cash acquired | 46,900 | 4,700 | 136,500 | 1,876,200 | 401,100 | 1,014,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from sale of assets | |||||||||||||||||||||
48,600 | 476,600 | 163,500 | - | - | 190,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from sale of assets | 48,600 | 476,600 | 163,500 | - | - | 190,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible assets acquired | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible assets acquired | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments to acquire equity investments | |||||||||||||||||||||
307,800 | 9,100 | 17,200 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments to acquire equity investments | 307,800 | 9,100 | 17,200 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in other assets | |||||||||||||||||||||
-1,800 | 1,800 | 1,100 | 6,200 | -500 | 4,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in other assets | -1,800 | 1,800 | 1,100 | 6,200 | -500 | 4,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Settlements of forward contracts | |||||||||||||||||||||
-200 | -18,800 | 2,100 | 7,000 | -14,500 | 7,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Settlements of forward contracts | -200 | -18,800 | 2,100 | 7,000 | -14,500 | 7,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash (used in) provided by investing activities | |||||||||||||||||||||
-598,400 | 205,000 | -271,500 | -2,112,100 | -646,300 | -982,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used in) provided by investing activities | -598,400 | 205,000 | -271,500 | -2,112,100 | -646,300 | -982,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Financing activities: | |||||||||||||||||||||
Proceeds from borrowings | |||||||||||||||||||||
565,000 | 861,700 | 2,631,700 | 4,617,000 | 3,194,500 | 4,018,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from borrowings | 565,000 | 861,700 | 2,631,700 | 4,617,000 | 3,194,500 | 4,018,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Repayment of borrowings | |||||||||||||||||||||
832,000 | 1,086,700 | 3,188,900 | 3,122,600 | 2,381,200 | 3,364,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Repayment of borrowings | 832,000 | 1,086,700 | 3,188,900 | 3,122,600 | 2,381,200 | 3,364,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payment of debt issuance costs | |||||||||||||||||||||
- | - | 13,200 | 30,800 | 14,400 | 22,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payment of debt issuance costs | - | - | 13,200 | 30,800 | 14,400 | 22,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments for purchase of noncontrolling interests | |||||||||||||||||||||
- | - | - | 10,100 | 57,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments for purchase of noncontrolling interests | - | - | - | 10,100 | 57,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from noncontrolling interests | |||||||||||||||||||||
- | - | 12,500 | - | 7,500 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from noncontrolling interests | - | - | 12,500 | - | 7,500 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Contingent consideration payments | |||||||||||||||||||||
1,400 | - | 2,200 | 43,000 | 2,600 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Contingent consideration payments | 1,400 | - | 2,200 | 43,000 | 2,600 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Repurchases of common shares | |||||||||||||||||||||
- | 950,000 | 500,000 | 672,500 | 1,317,800 | 570,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Repurchases of common shares | - | 950,000 | 500,000 | 672,500 | 1,317,800 | 570,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments related to tax withholding for stock-based compensation | |||||||||||||||||||||
123,100 | 128,200 | 75,600 | 95,000 | 89,900 | 35,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments related to tax withholding for stock-based compensation | 123,100 | 128,200 | 75,600 | 95,000 | 89,900 | 35,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from the exercise of employee stock options | |||||||||||||||||||||
12,500 | 229,000 | 177,700 | 230,000 | 331,600 | 147,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from the exercise of employee stock options | 12,500 | 229,000 | 177,700 | 230,000 | 331,600 | 147,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends paid | |||||||||||||||||||||
318,600 | 270,400 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends paid | 318,600 | 270,400 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Excess tax benefit from stock-based compensation | |||||||||||||||||||||
- | - | - | - | - | 5,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Excess tax benefit from stock-based compensation | - | - | - | - | - | 5,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in financing activities | |||||||||||||||||||||
-697,600 | -1,344,600 | -958,000 | 873,000 | -329,300 | 177,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in financing activities | -697,600 | -1,344,600 | -958,000 | 873,000 | -329,300 | 177,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Foreign exchange impact on cash balance | |||||||||||||||||||||
-22,700 | 14,900 | -30,300 | -64,200 | 9,000 | 12,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Foreign exchange impact on cash balance | -22,700 | 14,900 | -30,300 | -64,200 | 9,000 | 12,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net increase (decrease) in cash and cash equivalents | |||||||||||||||||||||
167,500 | 14,100 | -8,500 | -13,800 | -5,100 | -154,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net increase (decrease) in cash and cash equivalents | 167,500 | 14,100 | -8,500 | -13,800 | -5,100 | -154,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||