Thomson Reuters Corporation 2016 Thomson ReutersCorporation 2016

Income Statement Balance Sheet

For the year ended Dec-31,2016 As at Dec-31,2016
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $11,166 Assets:
(-)Cost of Goods Sold ($8,232) Total Current Assets $4,634
Gross profit $2,934 Total Fixed Assets $23,218
Depreciation ($313) Total Assets
Amortization of computer software ($711) Liabilities And Total Equity:
Amortization of other identifiable intangible assets ($528) Total Current Liabilities $4,562
Other operating gains, net $8 Total Long Term Liabilities $10,034
EBIT/Operating profit = $1,390 Total Liabilities
(-)Interest Expense Non operating
($403) Equity
Other finance income $50 Total Liabilities and Equity
Income Before TAX/EBT $1,037
Share of post-tax earnings in equity method investm $4 Receivables $1,392
Tax benefit (expense) $15 Inventory $0
Earnings from continuing operations $1,056
Earnings from discontinued operations, net of tax $2,093
EAT $3,149
(-)Non-controlling interests ($51)
Earnings attributable toCommon shareholders / net $3,098

shares outstanding 680

oration 2016 RATIOS
Formulas

1. Profit Margin=Net Income/Sales=

2.Return On Asset=Net Income/Total Asset=
3.Return On Equity=Net Income/Total Equity=
4.Earnings per share= Net income/ Shares Outstanding=
$27,852 5.P/E Ratio=Current stock price per share/EPS=
6.Receivable Turnover=Credit Sales/Account Receivable=
7. Avg. Collection Period=Account Receivable/Daily Average Credit Sales
Daily Average Credit Sales=Sales/365=
$14,596 $11,166/365=

$13,256 Avg. Collection Period=

$27,852 8.Inventory Turnover=Sales/inventory=
9.Fixed Asset Turnover=Sales/Total Fixed Asset=
10.Total Asset Turnover=Sales/Total Asset=
11.Current Ratio=Total Current Asset/Total Current Liabilities=
12.Quick Ratio=(All Current Asset-Inventory)/Current Liabilities=
13.Debt To Total Assets=Total Debt/Total Asset=
14.Times Interset Earned = Interest before interset & Tax/Interest =
 All Final Ratios

$3,098/$11,166= 0.2774 28%

$3,098/$27,852 0.1112 11.12%
$3,098/$13,256= 0.2337 23.37%
$3098/680= $4.55
$42.47/$4.55= 9.33 Times
$11,166/1,392= 8.02 Times
verage Credit Sales

30.59

tion Period= $1,392/30.59= 45.5 Days

$0= 0 Times
$11,166/$23,218= 0.48 Times
$11,166/$27,852= 0.4009 Times
$4,634/$4,562= 1.01 Times
($4,634 - $0) /$4,562= 1.01 Times
$14,596/$27,852= 0.5254 52.40%
x/Interest = $1390/$403= 3.44 Times
 Thomson Reuters CORPORATION 2017 Thomson Reuters CORPORATION
Income Statement Balance Sheet
For the year ended DEC-31 2017 As at December - 31st 2017
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $11,333 Assets:
(-)Cost of Goods Sold ($8,079) Total Current Asset
Gross profit $3,254 Fixed Asset
Depreciation ($296) TOTAL ASSETS

Amortization of computer software ($699)

Amortization of other identifiable intangible asset ($468) Liabilities:
Other operating (losses) gains, net ($36) Current Liabilities
EBIT/Operating profit = $1,755 Long Term Liabilities
(-)Interest Expense Non
operating
($362)
Other finance income ($203) TOTAL LIABILITIES
Income Before TAX/EBT $1,190
Share of post-tax (losses)earnings in equity meth ($2) Total Equity
Tax benefit (expense) $274 Total Liabilities and Equity
Earnings from continuing operations $1,462
(Loss)Earnings from discontinued operations, net (-$5) Receivables
EAT $1,457 Inventory
(-)Non-controlling interests ($64)
Earnings attributable toCommon shareholders / n $1,393

shares outstanding 720

 Reuters CORPORATION 2017 RATIOS
Formulas
cember - 31st 2017 1. Profit Margin = Net income/Sales =
2. Return on Asset = Net income/Total asset =
3. Return on Equity = Net income/Total equity=
$2,977 4.Earnings per share= Net income/ Shares Outstanding=
$23,503 5.P/E Ratio= Current stock price per share/EPS=
$26,480 6. Receivable Turnovers = Credit Sales/Accounts Receivable=
7. Avg. Collection Period = Accounts Receivable/Daily Avg.
Credit Sales
Daily Average Credit Sales = Sales/365
$4,796 $5,297/365 =
$8,109 Average Collection Period =

8. Inventory Turnover = Sales/Inventory

LIABILITIES $12,905 9. Fixed Asset Turnover = Sales/Fixed Asset =
10. Total Asset Turnover = Sales/Total Asset =
$13,575 11. Current Ratio = Total Current Asset/Total Current Liabilities =
bilities and Equity $26,480 12. Quick Ratio = (All Current Asset-Inventory)/Current Liability =
13. Debt to Total Asset= Total Debt(liabilities)/Total Asset =
$1,457 14.Times Interset Earned = Interest before interset & Tax/Interest =
$0
All Final Ratios
Final Ratios
$1,393/$5,297= 0.2629 26.29%
$1,393/$26,480= 0.0526 5.26%
$1,393/$13,575= 0.1026 10.26%
$1393/720= $1.94
$43.61/$1.94= 22.47 times
$5,297/$1,457= 3.63 times

14.5123
$1,457/$14.5123= 100.39days

$0= 0 times
$5,297/$23,503= 0.22times
$5,297/26,480= 0.20 times
$2,977/$4,796= 0.62 times
($2,977 - $0)/$4,796= 0.62 times
$12,905/$26,480= 0.4873 48.73%
$1,755/$362= 4.84 Times
 Thomson ReutersCorporation 2018
Income Statement
For The Year Ended Dec-31,2018
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $5,501
(-)Cost of Goods Sold ($4,131)
Gross profit $1,370
Depreciation ($110)

Amortization of computer software ($400)

Amortization of other identifiable intangible assets ($109)
Other operating gains, net $29
EBIT/Operating profit = $780
(-)Interest Expense Non operating ($260)
Other finance income $13
Income Before TAX/EBT $533
Share of post-tax losses earnings in equity method investments ($233)
Tax benefit (expense) ($136)
Earnings from continuing operations $164
Earnings from discontinued operations, net of tax $3,859
EAT $4,023
(-)Non-controlling interests ($90)
Earnings attributable toCommon shareholders / net income $3,933

shares outstanding 668

Thomson ReutersCorporation 2018
Balance Sheet
As At Dec-31,2018

Assets:
Total Current Assets $4,521
Fixed Asset $12,497
TOTAL ASSETS $17,018

Liablities:
Current Liablities $2,691
Long Term Liablities $5,117
Total Liablities $7,808
Total Equity $9,210
Total Liablities and Equity $17,018

Receivables $1,313
Inventory $0
RATIOS
FORMULAS
1.Profit Margin=Net Income/sales= $3,933/$5,501=
2.Return On Asset=Net Income/Total Asset= $3,933/$17,018=
3.Return On Equity=Net Income/Total Equity= $3,933/$9,210=
4.Earnings per share= Net income/ Shares Outstanding= $3,933/668=
5.P/E Ratio=Current stock price per share/EPS= $45.35/$5.88=
6.Receivable Turnover=Credit Sales/account Receivable= $5,501/$1,313=
7.Avg Collection Period=Accounts Receivable/Daily
Avg.Credit sales
Daily Avg. Credit Sales=Sales/365
$5,501/365= 15.0712
Avg Collection Period= $1,313/$15.0712=
8.Inventory Turnover=Sales/Inventory= $0=
9.Fixed Asset Turnover=Sales/Fixed Asset= $5,501/$12,497=
10.Total Asset Turnover=Sales/Total Asset= $5,501/$17,018=
11.Current Ratio=Total Current Asset/Total Current Liablities= $4,521/$2,691=
12.Quick Ratio=(All Current Asset-Inventory)/Current Liablities= ($4,521 - $0)/$2,691=
13.Debt To Total Assets=Total Debt(Liablities)/Total Asset= $7,808/$17,018=
14.Times Interset Earned = Interest before interset & Tax/Interest = $780/$260=
All Final Ratio
0.7149 71.49%
0.2311 23.11%
0.427 42.70%
$5.88
7.71 Times
4.18 times

87.11days
0 times
0.44times
0.32 times
1.68 times
1.68 times
0.4588 45.88%
3 times
 Thomson ReutersCorporation 2019 Thomson Reuters Corpora
Income Statement Balance Sheet
For the year ended Dec-31,2019 As at Dec-31,2019
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $5,906 Assets:
(-)Cost of Goods Sold ($4,413) Total Current Assets
Gross profit $1,493 Fixed Asset
Depreciation ($154) TOTAL ASSETS
Amortization of computer software ($449)
Amortization of other identifiable intangible assets ($114) Liabilities:
Other operating gains, net $423 Current Liabilities
EBIT/Operating profit = $1,199 Long Term Liabilities
(-)Interest Expense Non
operating
($163) Total Liabilities
Other finance(costs) income ($65) Total Equity
Total Liabilities and
Income Before TAX/EBT $971 Equity
Share of post-tax losses earnings in equity method inv ($599)
Tax benefit (expense) $1,198 Receivables
Earnings from continuing operations $1,570 Inventory
Earnings from discontinued operations, net of tax ($6)
EAT $1,564
(-)Non-controlling interests $0
Earnings attributable toCommon shareholders / net in $1,564

shares outstanding 503

n Reuters Corporation 2019 RATIOS
nce Sheet
Dec-31,2019 1.Profit Margin=Net Income/Sales=
2.Return On Asset=Net Income/Total Asset=
3.Return on Equity=Net Income/Total Equity=
$3,071 4.Earnings per share= Net income/ Shares Outstanding=
$14,224 5.P/E Ratio=Current stock price per share/EPS=
$17,295 6.Receivable Turnover=Credit Sales/Account Receivable=
7. Avg. Collection Period=Accounts Receivable/Daily Avg.credit sales
Daily Avg. Credit Sales=Sales/365
$3,219 $5,906/365=
$4,516 Avg Collection Period=

$7,735
8.Inventory Turnover=Sales/Inventory=
$9,560 9.Fixed Asset Turnover=Sales/Fixed Asset=

$17,295
10.Total Asset Turnover=Sales/Total Asset=
11.Current Ratio=Total Current Asset/Total Current Liabilities=
$1,167 12.Quick Ratio=(All Current Asset-Inventory)/Cuurent Liabilities=
$0 13.Debt To Total Assets=Total Debt(liabilities)/Total Asset=
14.Times Interset Earned = Interest before interset & Tax/Interest =
 All Final Ratios
$1,564/$5,906= 26% 26.00%
$1,564/$17,295= 0.0904 9.04%
$1,564/$9,560= 0.1635 16.35%
$1,564/503= $3.11
$68.74/$3.11= 22.10 Times
$5,906/$1,167= 5.06 times
Avg.credit sales

16.1808
$1,167/$16.1808= 72.12days

$0= 0 times
$5,906/$14,224= 0.41times

$5,906/$17,295= 0.34 times

$3,071/$3,219= 0.95 times
($3,071-$0)/$3,219= 0.95 times
$7,735/$17,295= 0.4472 44.72%
$1,199/$163= 7.35 times
 Thomson ReutersCorporation 2020
Income Statement
For the year ended Dec-31,2020
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $5,984
(-)Cost of Goods Sold ($3,999)
Gross profit $1,985

Depreciation ($184)
Amortization of computer software ($485)
Amortization of other identifiable intangible assets ($123)
Other operating gains, net $736
EBIT/Operating profit = $1,929
(-)Interest Expense Non operating
($195)
Other finance income $30
Income Before TAX/EBT $1,764
Share of post-tax earnings(losses) in equity method investments ($544)
Tax benefit (expense) ($71)
Earnings from continuing operations $1,149
Earnings(loss) from discontinued operations, net of tax ($27)
EAT $1,122
(-)Non-controlling interests $0
Earnings attributable toCommon shareholders / net income $1,122

shares outstanding 498

Thomson Reuters Corporation 2020
Balance Sheet
As at Dec-31,2020

Assets:
Total Current Assets $3,975
Total Fixed Assets $13,906

Total Assets $17,881

Liabilities And Total Equity:
Total Current Liabilities $2,652
Total Long Term Liabilities $5,249
Total Liabilities $7,901

Equity $9,980
Total Liabilities and Equity $17,881

Receivables $1,151
Inventory $0
RATIOS
Formulas All Final Ratios

1. Profit Margin=Net Income/Sales= $1,122/$5,984= 0.1875 19%

2.Return On Asset=Net Income/Total Asset= $1,122/$17,881= 0.0627 6.27%
3.Return On Equity=Net Income/Total Equity= $1,122/$9,980= 0.1124 11.24%
4.Earnings per share (EPS)= Net income/ Shares Outstanding= $1,122/498= $2.25

5.P/E RATIO=Current stock price per share/EPS= $80.23/$2.25= 35.66 Times

6.Receivable Turnover=Credit Sales/Account Receivable= $5,984/$1,151= 5.19 Times
7. Avg. Collection Period=Account Receivable/Daily Average Credit Sales
Daily Average Credit Sales=Sales/365=
$5,984/365= 16.3945

Avg. Collection Period= $1,151/$16.3945= 70.2 Days

8.Inventory Turnover=Sales/inventory= $0= 0 Times
9.Fixed Asset Turnover=Sales/Total Fixed Asset= $5,984/$13,906= 0.43 Times
10.Total Asset Turnover=Sales/Total Asset= $5,984/$17,881= 0.33 Times
11.Current Ratio=Total Current Asset/Total Current Liabilities= $3,975/$2,652= 1.49 Times
12.Quick Ratio=(All Current Asset-Inventory)/Current Liabilities= ($3,975-$0)/$2,652= 1.49 Times
13.Debt To Total Assets=Total Debt/Total Asset= $7,901/$17,881= 0.4418 44.18%
14.Times Interset Earned = Interest before interset & Tax/Interest = $1,929/$195= 9.89 Times
nal Ratios
 Thomson Reuters Corporation 2021
Income Statement
For the year ended Dec-31,2021
Annual Data| Millions of US $ expect per share data
Sales/Total Revenue $6,348
(-)Cost of Goods Sold ($4,370)
Gross profit $1,978
Depreciation ($177)
Amortization of computer software ($474)
Amortization of other identifiable intangible assets ($119)
Other operating gains, net $34
EBIT/Operating profit = $1,242
(-)Interest Expense Non
operating
($196)
Other finance income $8
Income Before TAX/EBT $1,054
Share of post-tax earnings in equity method investments $6,240
Tax benefit (expense) ($1,607)
Earnings from continuing operations $5,687
Earnings from discontinued operations, net of tax $2
EAT $5,689
(-)Non-controlling interests $0
Earnings attributable toCommon shareholders / net income $5,689

shares outstanding 495

Thomson ReutersCorporation 2021
Balance Sheet
As at Dec-31,2021
Assets:
Total Current Assets
Total Fixed Assets
Total Assets
Liabilities And Total Equity:
Total Current Liabilities
Total Long Term Liabilities
Total Liabilities
Equity
Total Liabilities and Equity
Receivables
Inventory
RATIOS
Formulas
1. Profit Margin=Net Income/Sales=
2.Return On Asset=Net Income/Total Asset=
$2,453 3.Return On Equity=Net Income/Total Equity=
$19,696 4.Earnings per share= Net income/ Shares Outstanding=
$22,149 5.P/E Ratio=Current stock price per share/EPS=
6.Receivable Turnover=Credit Sales/Account Receivable=
$2,581 7. Avg. Collection Period=Account Receivable/Daily Average
$5,734 Daily Average Credit Sales=Sales/365=
$8,315 $5,689/365=
$13,834 Avg. Collection Period=
$22,149 8.Inventory Turnover=Sales/inventory=
9.Fixed Asset Turnover=Sales/Total Fixed Asset=
$1,057 10.Total Asset Turnover=Sales/Total Asset=
$0 11.Current Ratio=Total Current Asset/Total Current Liabilities
12.Quick Ratio=(All Current Asset-Inventory)/Current Liabilit
13.Debt To Total Assets=Total Debt/Total Asset=
14.Times Interset Earned = Interest before interset & Tax/Inter
 All Final Ratios

ncome/Sales= $5,689/$6,348= 0.8961

t Income/Total Asset= $5,689/$22,149 0.2568
et Income/Total Equity= $5,689/$13,834= 0.4112
Net income/ Shares Outstanding= $5,689/495= $11.50
ock price per share/EPS= $109.61/$12.92= 8.48
=Credit Sales/Account Receivable= $6,348/$1,057= 6
od=Account Receivable/Daily Average Credit Sales
Sales=Sales/365=
15.58

tion Period= $1,057/15.58= 67.8

Sales/inventory= $0= 0
r=Sales/Total Fixed Asset= $6,348/$19,696= 0.32
er=Sales/Total Asset= $6,348/$22,149= 0.28
Current Asset/Total Current Liabilities= $2,453/$2,581= 0.95
urrent Asset-Inventory)/Current Liabilities= ($2,453 - $0) /$2,581= 0.95
s=Total Debt/Total Asset= $8,315/$22,149= 0.3754
ed = Interest before interset & Tax/Interest = $1,242/$196= 6.33
All Final Ratios

90%
25.68%
41.12%

Times
Times

Days
Times
Times
Times
Times
Times
37.54%
Times
 Profit Margin
Year Profit Margin(%)
2018 34.67
2019 32.11
2020 35.55
2021 52.5

Profit Margin(%)
60 9
8
50
7

40 6
5
30
4

20 3
2
10
1

0 0
2018 2019 2020 2021 2018 2019

Receivable
Turnover (%) Avg. collection Period
Receivable
Year Turnover Year
2016 8.02 2016
2017 3.63 2017
2018 4.18 2018
2019 5.06 2019
2020 5.19 2020
2021 6 2021

Receivable Turnover Avg. collection P

9 120
8
100
7
6 80
5
4 60

3
40
2
9 120
8
100
7
6 80
5
4 60

3
40
2
1 20
0
2016 2017 2018 2019 2020 2021 0
2016 2017 2018

Total Asset Turnover

Year Total Asset Turnover(Times)

2016 0.4009
2017 0.2
2018 0.32
2019 0.34
2020 0.33
2021 0.28

Total Asset Turnover(Times)

0.45
0.4 Curr
0.35 1.2

0.3
1
0.25
0.2 0.8

0.15
0.6
0.1
0.05 0.4

0
2016 2017 2018 2019 2020 2021 0.2

0
2018 2019
 Return On Assets(%)
Year Return on Assets (%)
2018 5.29
2019 4.92
2020 5.13
2021 7.91

Return on Assets (%) Return

9 25
8
7 20

6
15
5
4
10
3
2 5
1
0 0
2018 2019 2020 2021 2018 2019 20

Avg. collection Period P/E Ratio

Avg. collection Period(Days) Year P/E Ratio(Times)

45.5 2018 29
100.39 2019 34.18
87.11 2020 31.23
72.12 2021 38.36
70.2
67.8

Avg. collection Period(Days) P/E Ratio(Times)

45
40
35
30
25
20
15
10
 40
35
30
25
20
15
10
5
0
2018 2019 2020 2021
2016 2017 2018 2019 2020 2021

Current Ratio Quick Ratio

Year Current Ratio(Times) Year

2018 0.72 2016
2019 0.64 2017
2020 0.98 2018
2021 0.54 2019
2020
2021

Quick Ratio(Time
Current Ratio(Times)
1.8
1.2
1.6

1 1.4
1.2
0.8
1

0.6 0.8
0.6
0.4
0.4

0.2 0.2
0
0 2016 2017 2018 2019
2018 2019 2020 2021
 Return On Equity(%)
Year Return On Equity (%)
2018 14.9
2019 14.37
2020 16.42
2021 21.87

Return On Equity (%)

2018 2019 2020 2021

Earning per share

Year Earning per share($)

2018 3.12
2019 3.09
2020 3.71
2021 5.91

Ratio(Times) Earning per share

7

2
 7

2020 2021 0
2018 2019 2020 2021

Quick Ratio(Times)
1.01
0.62
1.68
0.95
1.49
0.95

Debt T
Quick Ratio(Times)
60

50

40

30

20

10

0
2016 2017 20
2017 2018 2019 2020 2021
 Return On Assets and Equity (%)
Year 2016 2017 2018 2019 2020
Return on Assets (%) 11.12 5.26 23.11 9.04 6.27
Return On Equity (%) 23.37 10.26 42.7 16.35 11.24

Return On Assets and Equity (%)

45
40
35
30
25
20
15
10
5
0
2016 2017 2018 2019 2020 2021

Return on Assets (%) Return On Equity (%)

Fixed Asset Turnover

Year Fixed Asset Turnover(Times)

2018 0.48
2019 0.22
2020 0.44
2021 0.41

share Fixed Asset Turnover(Ti

0.6

0.5

0.4

0.3

0.2
 0.5

0.4

0.3

0.2

0.1

0
2018 2019 2020 2021
020 2021

Debt To Total Assets

Year Debt To total Assets(%)

2016 52.4
2017 48.73
2018 45.88
2019 44.72
2020 44.18
2021 37.54

Debt To total Assets(%)

0
Time
0
12
0 10

0 8

6
0
4
0
2
0
2016 2017 2018 2019 2020 2021 0
2016 2
 2021
25.68
41.12

set Turnover(Times)

Fixed Asset Turnover(Times)

2020 2021

Times Interest Earned

Times Interest
Earned(Times)
Year
2016 3.44
2017 4.84
2018 3
2019 7.35
2020 9.89
2021 6.33

Times Interest Earned(Times)

12

10

0
2016 2017 2018 2019 2020 2021