Global Reporting Initiative Reports
Direct economic value generated and distributed
Direct economic value generated and distributed
Payments to providers of capital
Debt service – As of December 31, 2018, we had outstanding short-term borrowings of $73.7 from our
uncommitted lines of credit used primarily to fund seasonal working capital needs. The remainder of our debt is
primarily long-term, with maturities scheduled from 2020 through 2048. On September 21, 2018, we issued
$2,000.0 in aggregate principal amount of unsecured senior notes (in four separate series of $500.0 each, together
the “Senior Notes”). On October 1, 2018, we borrowed an additional $500.0 through debt financing arrangements
with third-party lenders under a three-year term loan agreement (the “Term Loan Agreement”), $100.0 of which we
repaid on December 3, 2018. See Note 3 in Item 8, Financial Statements and Supplementary Data for further
information.
Reference: 2018 Annual Report, Page 30
The following summarizes our estimated contractual cash obligations and commitments as of December 31, 2018, and their effect on our liquidity and cash flow in future periods.
Our agencies are located in over 100 countries, including every significant world market. Our geographic revenue
breakdown is listed below.
