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SEC Filings

10-Q
IHS MARKIT LTD. filed this Form 10-Q on 03/26/2019
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
 
February 28, 2019
 
November 30, 2018
 
(Unaudited)
 
(Audited)
Assets

 

Current assets:

 

Cash and cash equivalents
$
133.2

 
$
120.0

Accounts receivable, net
980.4

 
792.9

Income tax receivable
15.2

 
20.8

Deferred subscription costs
88.1

 
77.3

Other current assets
109.3

 
88.4

Total current assets
1,326.2

 
1,099.4

Non-current assets:

 

Property and equipment, net
596.4

 
579.6

Intangible assets, net
4,443.0

 
4,484.8

Goodwill
9,916.5

 
9,836.0

Deferred income taxes
14.6

 
14.6

Other
86.7

 
47.9

Total non-current assets
15,057.2

 
14,962.9

Total assets
$
16,383.4

 
$
16,062.3

Liabilities and equity


 


Current liabilities:

 

Short-term debt
$
484.9

 
$
789.9

Accounts payable
56.4

 
63.8

Accrued compensation
96.6

 
214.1

Other accrued expenses
417.0

 
357.7

Income tax payable
6.0

 
8.0

Deferred revenue
1,026.3

 
886.8

Total current liabilities
2,087.2

 
2,320.3

Long-term debt, net
5,111.4

 
4,889.2

Accrued pension and postretirement liability
17.2

 
17.4

Deferred income taxes
701.0

 
699.9

Other liabilities
116.6

 
109.1

Commitments and contingencies

 

Redeemable noncontrolling interests
17.7

 
5.9

Shareholders' equity:

 

Common shares, $0.01 par value, 3,000.0 authorized, 475.7 and 472.9 issued, and 399.7 and 397.1 outstanding at February 28, 2019 and November 30, 2018, respectively
4.8

 
4.7

Additional paid-in capital
7,712.6

 
7,680.4

Treasury shares, at cost: 76.0 and 75.8 at February 28, 2019 and November 30, 2018, respectively
(2,126.8
)
 
(2,108.8
)
Retained earnings
2,906.4

 
2,743.1

Accumulated other comprehensive loss
(164.7
)
 
(298.9
)
Total shareholders' equity
8,332.3

 
8,020.5

Total liabilities and equity
$
16,383.4

 
$
16,062.3

See accompanying notes.

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