SEC Filing Summary: The McGraw-Hill Companies, Inc.
Business Context and Reporting Period
This Form 10-K covers the fiscal year ended December 31, 1995. The registrant is The McGraw-Hill Companies, Inc. (Note: The input metadata references "S&P Global Inc.", but the filing text explicitly identifies the registrant as The McGraw-Hill Companies, Inc.). The company operates as a multimedia publishing and information provider serving business, professional, and educational markets globally. Key sectors include finance, education, law, construction, and health. The company employs approximately 15,004 people worldwide.
Key Financial Metrics
The filing text incorporates detailed financial statements by reference to the 1995 Annual Report to Shareholders (Exhibit 13) and does not contain specific numerical values for revenue, profit, cash flow, or debt within the provided text. Available data points include:
- Dividends: $1.20 per share for 1995 ($0.30 per quarter) and $1.16 per share for 1994 ($0.29 per quarter). These figures reflect a 2-for-1 stock split approved on January 31, 1996.
- Market Value: The aggregate market value of voting stock held by nonaffiliates was approximately $4.37 billion as of February 29, 1996.
- Share Count: 50,288,399 shares outstanding as of February 29, 1996 (pre-split basis); 100,576,798 shares post-split.
- Stockholders: Approximately 5,717 holders of common stock as of February 29, 1996.
Specific figures for operating revenue, operating profit, margins, and liquidity are not present in the provided text.
Material Changes and Operational Updates
- Stock Split: A 2-for-1 stock split was approved by the Board of Directors on January 31, 1996. All prior period data in the filing has been restated to reflect this split.
- Operational Consolidation: The company consolidated domestic book distribution operations, moving activities from Blue Ridge Summit, PA, and Hightstown, NJ, to facilities in Westerville and Blacklick, OH.
- Real Estate: The warehouse in Hightstown, NJ, is now leased to a tenant, and the warehouse in Blue Ridge Summit, PA, is vacant.
- Management Changes: Thomas J. Landes retired as an officer on December 31, 1995. Robert E. Evanson became an officer on February 22, 1995.
Guidance, Risks, and Contingencies
Legal Proceedings: The company is a defendant in numerous legal proceedings in the U.S. and abroad. However, management states there are no known material pending legal proceedings that would result in a material adverse effect on financial statements or operations.
Management Commentary: Detailed Management's Discussion and Analysis (MD&A) regarding financial condition and results of operations is incorporated by reference from the Annual Report to Shareholders and is not included in the text of this filing.
Risks: The business faces substantial competition from various sources. The company relies on numerous copyrights, licensing, and trade agreements to collect and disseminate information.
Investor Verification Checklist
- Verify the specific revenue, net income, and cash flow figures in the 1995 Annual Report to Shareholders (Exhibit 13), as they are not listed in this 10-K text.
- Confirm the impact of the 2-for-1 stock split on historical per-share metrics when comparing to prior years.
- Review the Consolidated Financial Statements (pages 35-46 of the Annual Report) for detailed debt levels and liquidity ratios.
- Examine the Segment Information (page 42 of the Annual Report) to understand the contribution of specific business units (e.g., Financial Services, Education) to overall profit.
- Check the Proxy Statement for details on executive compensation and director ownership, as these are incorporated by reference.