Summary
This 10-K/A filing for The McGraw-Hill Companies, Inc. (which later became S&P Global Inc.) primarily serves to correct errors in the original filing from February 28, 2013. Key corrections involve the "Selected Financial Data" for fiscal years 2008 and 2009, including revenue, segment operating profit, net income, and earnings per share. These adjustments stem from accounting for the McGraw-Hill Education segment and discontinued operations. Additionally, the number of record holders for common stock as of February 1, 2013, was corrected from an erroneous disclosure of shares outstanding to the accurate figure of 3,885 holders. Another significant correction pertains to intangible asset impairment charges for McGraw-Hill Education's School Education Group, clarifying the amounts as $497 million and $19 million, respectively, rather than erroneously stated as millions of millions. Investors should note that this amendment solely addresses these specific corrections and does not update or reflect any events occurring after the original filing date.
Financial Highlights
51 data points| Revenue | $4.27B |
| Cost of Revenue | $1.43B |
| Gross Profit | $2.84B |
| SG&A Expenses | $1.58B |
| Operating Expenses | $3.15B |
| Operating Income | $1.17B |
| Interest Expense | $81.00M |
| Net Income | $437.00M |
| EPS (Basic) | $1.57 |
| EPS (Diluted) | $1.53 |
| Shares Outstanding (Basic) | 278.60M |
| Shares Outstanding (Diluted) | 284.60M |
Key Highlights
- 1Correction of 2008 and 2009 financial data, including revenue, segment operating profit, net income, and EPS, due to accounting errors related to McGraw-Hill Education and discontinued operations.
- 2Restatement of 2009 revenue from $3,483 million to $4,132 million and 2008 revenue from $3,609 million to $4,354 million.
- 3Correction of net income and EPS figures for 2008 and 2009 to accurately reflect continuing operations.
- 4Accurate disclosure of 3,885 common stock record holders as of February 1, 2013, correcting a prior misstatement of shares outstanding.
- 5Clarification of intangible asset impairment charges for McGraw-Hill Education's School Education Group, now correctly stated as $497 million and $19 million.