Balance Sheet Thomson Reuters Corporation

Equities

TRI

CA8849038085

Professional Information Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-13 pm EST			5-day change	1st Jan Change
223.17 ^CAD	-0.32%		-3.29%	-3.31%

Jan. 03	Thomson Reuters Price Target Raised to US$165 at CIBC	MT
Jan. 02	TSX Closer: Resource Sector Lifts Market Closer to 25,000 Plateau	MT

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Published financial data: THOMSON REUTERS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.91B	5.98B	6.35B	6.63B	6.79B
Total Revenues	5.91B	5.98B	6.35B	6.63B	6.79B
Cost of Goods Sold, Total	4.21B	3.94B	4.14B	4.07B	4.1B
Gross Profit	1.69B	2.04B	2.21B	2.56B	2.7B
Selling General & Admin Expenses, Total	97M	76M	61M	52M	64M
Depreciation & Amortization - (IS)	154M	184M	177M	140M	116M
Amortization of Goodwill and Intangible Assets - (IS)	563M	608M	593M	584M	609M
Other Operating Expenses	-	-	-	6M	-13M
Other Operating Expenses, Total	814M	868M	831M	782M	776M
Operating Income	880M	1.17B	1.38B	1.78B	1.92B
Interest Expense, Total	-161M	-82M	-175M	-192M	-211M
Interest And Investment Income	44M	5M	2M	7M	84M
Net Interest Expenses	-117M	-77M	-173M	-185M	-127M
Income (Loss) On Equity Invest.	-599M	-544M	6.24B	-432M	1.08B
Currency Exchange Gains (Loss)	-65M	-67M	-2M	516M	-227M
Other Non Operating Income (Expenses)	-2M	-	-	-72M	35M
EBT, Excl. Unusual Items	97M	484M	7.44B	1.6B	2.68B
Restructuring Charges	-117M	-	-183M	-171M	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	419M	554M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	5M	217M	384M
Other Unusual Items	-27M	182M	29M	-	-
EBT, Incl. Unusual Items	372M	1.22B	7.29B	1.65B	3.06B
Income Tax Expense	-1.2B	71M	1.61B	259M	417M
Earnings From Continuing Operations	1.57B	1.15B	5.69B	1.39B	2.65B
Earnings Of Discontinued Operations	-6M	-27M	2M	-53M	49M
Net Income to Company	1.56B	1.12B	5.69B	1.34B	2.7B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.56B	1.12B	5.69B	1.34B	2.7B
Preferred Dividend and Other Adjustments	3M	2M	2M	3M	5M
Net Income to Common Incl Extra Items	1.56B	1.12B	5.69B	1.34B	2.69B
Net Income to Common Excl. Extra Items	1.57B	1.15B	5.68B	1.39B	2.64B
Per Share Items
Net EPS - Basic	3.23	2.34	11.96	2.86	5.81
Basic EPS - Continuing Operations	3.25	2.4	11.95	2.98	5.7
Basic Weighted Average Shares Outstanding	483M	479M	476M	466M	463M
Net EPS - Diluted	3.22	2.33	11.93	2.85	5.8
Diluted EPS - Continuing Operations	3.24	2.39	11.93	2.97	5.69
Diluted Weighted Average Shares Outstanding	484M	480M	477M	467M	464M
Normalized Basic EPS	0.13	0.63	9.78	2.15	3.61
Normalized Diluted EPS	0.13	0.63	9.76	2.14	3.61
Dividend Per Share	1.49	1.58	1.68	1.85	1.96
Payout Ratio	44.82	65.24	13.62	62.56	33.1
Supplemental Items
EBITDA	1.09B	1.39B	1.59B	1.94B	2.08B
EBITA	994M	1.3B	1.5B	1.88B	2.02B
EBIT	880M	1.17B	1.38B	1.78B	1.92B
EBITDAR	1.17B	1.44B	1.64B	1.98B	2.12B
Effective Tax Rate - (Ratio)	-322.04	5.82	22.03	15.7	13.61
Total Current Taxes	197M	302M	945M	339M	805M
Total Deferred Taxes	-1.4B	-231M	662M	-80M	-388M
Normalized Net Income	60.62M	302M	4.65B	1B	1.67B
Interest on Long-Term Debt	162M	10M	169M	8M	9M
Non-Cash Pension Expense	25M	-89M	15M	16M	36M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	440M
Net Rental Expense, Total	72M	55M	48M	41M	39M
Imputed Operating Lease Interest Expense	26.76M	9.35M	16.54M	13.93M	15.42M
Imputed Operating Lease Depreciation	45.24M	45.65M	31.46M	27.07M	23.58M
Stock-Based Comp., COGS (Total)	56M	64M	76M	85M	83M
Total Stock-Based Compensation	56M	64M	76M	85M	83M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	825M	1.79B	778M	1.07B	1.3B
Short Term Investments	533M	612M	108M	204M	66M
Total Cash And Short Term Investments	1.36B	2.4B	886M	1.27B	1.36B
Accounts Receivable, Total	1.12B	1.12B	1.04B	1.04B	1.05B
Other Receivables	110M	94M	87M	97M	145M
Total Receivables	1.23B	1.22B	1.12B	1.14B	1.19B
Inventory	23M	26M	28M	29M	20M
Prepaid Expenses	130M	126M	170M	159M	161M
Other Current Assets, Total	330M	208M	244M	213M	182M
Total Current Assets	3.07B	3.98B	2.45B	2.81B	2.92B
Gross Property Plant And Equipment	1.96B	2B	1.49B	1.37B	1.3B
Accumulated Depreciation	-1.35B	-1.46B	-992M	-956M	-849M
Net Property Plant And Equipment	615M	545M	502M	414M	447M
Long-term Investments	1.62B	1.33B	7.07B	6.2B	2.41B
Goodwill	5.85B	5.98B	5.94B	5.88B	6.72B
Other Intangibles, Total	4.42B	4.26B	4.15B	4.14B	4.4B
Deferred Tax Assets Long-Term	1.18B	1.2B	1.14B	1.12B	1.1B
Deferred Charges Long-Term	82M	105M	127M	121M	108M
Other Long-Term Assets, Total	455M	485M	769M	1.02B	575M
Total Assets	17.3B	17.88B	22.15B	21.71B	18.68B
Liabilities
Accounts Payable, Total	265M	217M	227M	237M	181M
Accrued Expenses, Total	801M	807M	992M	884M	843M
Short-term Borrowings	-	-	-	1.05B	130M
Current Portion of Long-Term Debt	640M	-	-	599M	242M
Current Portion of Leases	69M	83M	64M	56M	56M
Current Income Taxes Payable	124M	251M	169M	324M	248M
Unearned Revenue Current, Total	833M	866M	874M	886M	992M
Other Current Liabilities	487M	428M	255M	857M	541M
Total Current Liabilities	3.22B	2.65B	2.58B	4.89B	3.23B
Long-Term Debt	2.68B	3.77B	3.79B	3.11B	2.9B
Long-Term Leases	253M	223M	197M	179M	209M
Pension & Other Post Retirement Benefits	714M	598M	506M	526M	535M
Deferred Tax Liability Non Current	576M	394M	1B	897M	553M
Other Non Current Liabilities	297M	262M	240M	219M	185M
Total Liabilities	7.74B	7.9B	8.32B	9.83B	7.62B
Preferred Stock Redeemable	110M	110M	110M	110M	110M
Total Preferred Equity	110M	110M	110M	110M	110M
Common Stock, Total	3.47B	3.61B	3.7B	3.75B	1.79B
Additional Paid In Capital	1.8B	1.74B	1.68B	1.53B	1.5B
Retained Earnings	4.96B	5.21B	9.15B	7.64B	8.68B
Comprehensive Income and Other	-782M	-689M	-811M	-1.16B	-1.02B
Total Common Equity	9.45B	9.87B	13.72B	11.78B	10.95B
Minority Interest	-	-	-	-	-
Total Equity	9.56B	9.98B	13.83B	11.88B	11.06B
Total Liabilities And Equity	17.3B	17.88B	22.15B	21.71B	18.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	477M	477M	469M	455M	451M
ECS Total Common Shares Outstanding	480M	479M	469M	459M	453M
Book Value / Share	19.71	20.6	29.29	25.66	24.18
Tangible Book Value	-821M	-363M	3.63B	1.75B	-166M
Tangible Book Value Per Share	-1.71	-0.76	7.75	3.82	-0.37
Total Debt	3.64B	4.08B	4.05B	5B	3.54B
Net Debt	2.28B	1.68B	3.16B	3.72B	2.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	499M	365M	163M	392M	416M
Debt Equivalent Oper. Leases	576M	440M	384M	328M	312M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	1.55B	1.14B	6.74B	6.2B	2.03B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	633M	914M	923M	838M	801M
Machinery, Total	1.02B	1.09B	571M	532M	495M
Full Time Employees	24.4K	24K	24.4K	25.2K	25.6K
Accumulated Allowance for Doubtful Accounts (Supple)	30M	37M	38M	20M	21M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.56B	1.12B	5.69B	1.34B	2.7B
Depreciation & Amortization - CF	154M	184M	177M	140M	116M
Amortization of Goodwill and Intangible Assets - (CF)	114M	123M	119M	99M	97M
Depreciation & Amortization, Total	268M	307M	296M	239M	213M
Amortization of Deferred Charges, Total - (CF)	449M	485M	474M	485M	512M
(Gain) Loss From Sale Of Asset	3M	-471M	-5M	-217M	-336M
(Gain) Loss on Sale of Investments - (CF)	-419M	-82M	-9M	-	-
Asset Writedown & Restructuring Costs	-	-10M	-8M	-19M	2M
(Income) Loss On Equity Investments - (CF)	599M	544M	-6.24B	432M	-1.08B
Net Cash From Discontinued Operations	-164M	-17M	-68M	-67M	14M
Other Operating Activities, Total	-1.35B	-235M	812M	-284M	-141M
Change In Accounts Receivable	116M	29M	76M	-28M	-83M
Change In Accounts Payable	-220M	-133M	83M	-137M	-166M
Change in Unearned Revenues	-10M	19M	36M	75M	74M
Change In Income Taxes	-71M	250M	773M	146M	642M
Change in Other Net Operating Assets	-62M	-63M	-136M	-48M	-10M
Cash from Operations	702M	1.74B	1.77B	1.92B	2.34B
Capital Expenditure	-505M	-504M	-487M	-595M	-544M
Sale of Property, Plant, and Equipment	7M	162M	-	-	-
Cash Acquisitions	-998M	-167M	-18M	-191M	-1.22B
Divestitures	74M	-	28M	216M	418M
Investment in Marketable and Equity Securities, Total	-	367M	994M	43M	5.42B
Other Investing Activities, Total	38M	4M	-1.02B	65M	-569M
Cash from Investing	-1.38B	-138M	-504M	-462M	3.51B
Short Term Debt Issued, Total	-	-	-	1.04B	-
Long-Term Debt Issued, Total	-	2.02B	-	-	-
Total Debt Issued	-	2.02B	-	1.04B	-
Short Term Debt Repaid, Total	-	-2M	-	-	-956M
Long-Term Debt Repaid, Total	-51M	-1.72B	-109M	-65M	-658M
Total Debt Repaid	-51M	-1.72B	-109M	-65M	-1.61B
Repurchase of Common Stock	-488M	-200M	-1.4B	-1.28B	-3.12B
Common Dividends Paid	-698M	-730M	-773M	-834M	-887M
Preferred Dividends Paid	-3M	-2M	-2M	-3M	-5M
Common & Preferred Stock Dividends Paid	-701M	-732M	-775M	-837M	-892M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	39M	-9M	11M	-14M	4M
Cash from Financing	-1.2B	-644M	-2.27B	-1.16B	-5.63B
Foreign Exchange Rate Adjustments	5M	-1M	-5M	-6M	1M
Net Change in Cash	-1.88B	962M	-1.01B	291M	229M
Supplemental Items
Cash Interest Paid	189M	164M	165M	168M	201M
Cash Income Tax Paid (Refund)	269M	166M	1.02B	223M	868M
Levered Free Cash Flow	565M	1.23B	1.07B	1.9B	932M
Unlevered Free Cash Flow	666M	1.28B	1.18B	2.02B	1.06B
Change In Net Working Capital	152M	-196M	43M	-700M	402M
Net Debt Issued / Repaid	-51M	297M	-109M	977M	-1.61B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.21	4.16	4.3	5.06	5.95
Return on Total Capital	4.28	5.37	5.39	6.39	7.63
Return On Equity %	16.73	11.76	47.76	10.82	23.06
Return on Common Equity	16.89	11.87	48.19	10.89	23.24
Margin Analysis
Gross Profit Margin %	28.68	34.09	34.8	38.61	39.73
SG&A Margin	1.64	1.27	0.96	0.78	0.94
EBITDA Margin %	18.52	23.21	25.09	29.2	30.69
EBITA Margin %	16.83	21.64	23.58	28.31	29.73
EBIT Margin %	14.9	19.59	21.71	26.81	28.3
Income From Continuing Operations Margin %	26.58	19.2	89.59	20.99	38.95
Net Income Margin %	26.48	18.75	89.62	20.19	39.67
Net Avail. For Common Margin %	26.53	19.17	89.56	20.94	38.87
Normalized Net Income Margin	1.03	5.06	73.28	15.13	24.64
Levered Free Cash Flow Margin	9.57	20.54	16.82	28.74	13.72
Unlevered Free Cash Flow Margin	11.28	21.4	18.55	30.55	15.66
Asset Turnover
Asset Turnover	0.34	0.34	0.32	0.3	0.34
Fixed Assets Turnover	10.86	10.32	12.13	14.47	15.78
Receivables Turnover (Average Receivables)	5.4	5.34	5.88	6.38	6.5
Inventory Turnover (Average Inventory)	150.43	160.98	153.3	142.74	167.14
Short Term Liquidity
Current Ratio	0.95	1.5	0.95	0.57	0.9
Quick Ratio	0.8	1.36	0.78	0.49	0.79
Operating Cash Flow to Current Liabilities	0.22	0.66	0.69	0.39	0.72
Days Sales Outstanding (Average Receivables)	67.64	68.56	62.1	57.23	56.11
Days Outstanding Inventory (Average Inventory)	2.43	2.27	2.38	2.56	2.18
Average Days Payable Outstanding	25.67	22.35	19.57	20.81	18.67
Cash Conversion Cycle (Average Days)	44.4	48.49	44.91	38.97	39.63
Long Term Solvency
Total Debt/Equity	38.05	40.86	29.25	42.04	32.01
Total Debt / Total Capital	27.56	29.01	22.63	29.6	24.25
LT Debt/Equity	30.64	40.03	28.79	27.71	28.15
Long-Term Debt / Total Capital	22.19	28.42	22.28	19.51	21.32
Total Liabilities / Total Assets	44.72	44.19	37.54	45.26	40.78
EBIT / Interest Expense