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SEC Filings

10-Q
IHS MARKIT LTD. filed this Form 10-Q on 06/26/2018
Entire Document
 

PART I.   FINANCIAL INFORMATION
Item 1.
Financial Statements
IHS MARKIT LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par value)
 
As of
 
As of
 
May 31, 2018
 
November 30, 2017
 
(Unaudited)
 
(Audited)
Assets

 

Current assets:

 

Cash and cash equivalents
$
159.0

 
$
133.8

Accounts receivable, net
704.2

 
693.5

Income tax receivable
29.9

 
31.9

Deferred subscription costs
77.6

 
62.8

Assets held for sale
1,151.2

 

Other current assets
85.2

 
93.0

Total current assets
2,207.1

 
1,015.0

Non-current assets:

 

Property and equipment, net
508.9

 
531.3

Intangible assets, net
3,544.8

 
4,188.3

Goodwill
8,142.1

 
8,778.5

Deferred income taxes
11.1

 
7.1

Other
51.8

 
34.2

Total non-current assets
12,258.7

 
13,539.4

Total assets
$
14,465.8

 
$
14,554.4

Liabilities and equity


 


Current liabilities:

 

Short-term debt
$
105.8

 
$
576.0

Accounts payable
42.1

 
53.4

Accrued compensation
95.2

 
157.4

Other accrued expenses
347.1

 
323.0

Income tax payable
13.0

 
5.5

Deferred revenue
872.0

 
790.8

Liabilities held for sale
86.5

 

Total current liabilities
1,561.7

 
1,906.1

Long-term debt, net
4,353.7

 
3,617.3

Accrued pension and postretirement liability
30.9

 
31.8

Deferred income taxes
594.4

 
869.8

Other liabilities
148.5

 
105.9

Commitments and contingencies

 

Redeemable noncontrolling interests
7.9

 
19.1

Shareholders' equity:

 

Common shares, $0.01 par value, 3,000.0 authorized, 472.3 and 468.7 issued, and 392.0 and 399.2 outstanding at May 31, 2018 and November 30, 2017, respectively
4.7

 
4.7

Additional paid-in capital
7,617.3

 
7,612.1

Treasury shares, at cost: 80.3 and 69.5 at May 31, 2018 and November 30, 2017, respectively
(2,289.2
)
 
(1,745.0
)
Retained earnings
2,579.5

 
2,217.6

Accumulated other comprehensive loss
(143.6
)
 
(85.0
)
Total shareholders' equity
7,768.7

 
8,004.4

Total liabilities and equity
$
14,465.8

 
$
14,554.4

See accompanying notes.

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