Thomson Reuters Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,502	2,210	2,695	1,338	5,689
Depreciation & Amortization	209	204	213	239	296
Other Amortization	721	618	512	485	474
Loss (Gain) From Sale of Assets	-165	-192	-336	-217	-5
Asset Writedown & Restructuring Costs	-	-17	2	-19	-8
Loss (Gain) From Sale of Investments	-	-	-	-	-9
Loss (Gain) on Equity Investments	28	-40	-1,075	432	-6,240
Other Operating Activities	313	-490	-141	-284	812
Change in Accounts Receivable	-	26	-83	-28	76
Change in Accounts Payable	-	-144	-166	-137	83
Change in Unearned Revenue	-	64	74	75	36
Change in Income Taxes	-	283	642	146	773
Change in Other Net Operating Assets	43	-53	-10	-48	-136
Operating Cash Flow	2,651	2,457	2,341	1,915	1,773
Operating Cash Flow Growth	7.90%	4.96%	22.25%	8.01%	1.60%
Capital Expenditures	-634	-607	-544	-595	-487
Cash Acquisitions	-843	-622	-1,216	-191	-18
Divestitures	254	326	418	216	28
Investment in Securities	-	1,854	5,424	43	994
Other Investing Activities	-61	-271	-569	65	-1,021
Investing Cash Flow	-1,284	680	3,513	-462	-504
Short-Term Debt Issued	290	-	-	1,042	-
Total Debt Issued	290	-	-	1,042	-
Short-Term Debt Repaid	-	-139	-956	-	-
Long-Term Debt Repaid	-1,063	-353	-658	-65	-109
Total Debt Repaid	-1,063	-492	-1,614	-65	-109
Net Debt Issued (Repaid)	-773	-492	-1,614	977	-109
Repurchase of Common Stock	-1,000	-639	-3,124	-1,282	-1,400
Preferred Dividends Paid	-4	-5	-5	-3	-2
Common Dividends Paid	-1,035	-944	-887	-834	-773
Dividends Paid	-1,039	-949	-892	-837	-775
Other Financing Activities	-16	-379	4	-14	11
Financing Cash Flow	-2,828	-2,459	-5,626	-1,156	-2,273
Foreign Exchange Rate Adjustments	4	-8	1	-6	-5
Net Cash Flow	-1,457	670	229	291	-1,009
Free Cash Flow	2,017	1,850	1,797	1,320	1,286
Free Cash Flow Growth	9.03%	2.95%	36.14%	2.64%	3.63%
Free Cash Flow Margin	26.98%	25.49%	26.45%	19.92%	20.26%
Free Cash Flow Per Share	4.49	4.10	3.87	2.82	2.70
Cash Interest Paid	-	149	201	168	165
Cash Income Tax Paid	62	551	868	200	1,916
Levered Free Cash Flow	1,692	1,021	932	1,905	1,080
Unlevered Free Cash Flow	1,782	1,132	1,064	2,025	1,195
Change in Working Capital	43	176	457	8	832

Source: S&P Global Market Intelligence. Standard template. Financial Sources.