Thomson Reuters Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,535	1,483	2,192	2,646	1,391	5,687
Depreciation & Amortization	762	930	822	725	724	770
Other Adjustments	137	195	-721	-1,501	-141	-5,448
Changes in Other Operating Activities	32	43	164	471	-59	764
Operating Cash Flow	2,711	2,651	2,457	2,341	1,915	1,773
Operating Cash Flow Growth	9.76%	7.90%	4.96%	22.25%	8.01%	1.60%
Capital Expenditures	-639	-634	-607	-544	-595	-487
Proceeds from Sale of Investments	-	-	1,854	5,424	43	994
Payments for Business Acquisitions	-449	-843	-622	-1,216	-191	-18
Proceeds from Business Divestments	255	254	326	418	216	28
Other Investing Activities	-62	-61	-271	-569	65	-1,021
Investing Cash Flow	-895	-1,284	680	3,513	-462	-504
Short-Term Debt Issued	612	290	-139	-956	1,042	-
Net Short-Term Debt Issued (Repaid)	612	290	-139	-956	1,042	-
Long-Term Debt Repaid	-999	-999	-290	-600	-	-
Net Long-Term Debt Issued (Repaid)	-999	-999	-290	-600	-	-
Repurchase of Common Stock	-1,262	-1,000	-639	-3,124	-1,282	-1,400
Net Common Stock Issued (Repurchased)	-1,262	-1,000	-639	-3,124	-1,282	-1,400
Common Dividends Paid	-1,056	-1,035	-944	-887	-834	-773
Preferred Share Dividends Paid	-4	-4	-5	-5	-3	-2
Other Financing Activities	-79	-80	-442	-54	-79	-98
Financing Cash Flow	-2,788	-2,828	-2,459	-5,626	-1,156	-2,273
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1	4	-8	1	-6	-5
Net Cash Flow	-971	-1,457	670	229	291	-1,009
Free Cash Flow	2,072	2,017	1,850	1,797	1,320	1,286
Free Cash Flow Growth	2.73%	9.03%	2.95%	36.14%	2.64%	3.63%
FCF Margin	27.04%	26.98%	25.49%	26.45%	19.92%	20.26%
Free Cash Flow Per Share	4.68	4.56	4.16	3.93	2.76	2.74
Levered Free Cash Flow	1,482	1,132	2,160	1,791	2,450	6,736
Unlevered Free Cash Flow	2,052	2,005	2,616	2,495	1,676	395.36

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.