Reduce capital expenditures as a percentage of revenue to between 6.0% and 6.5%. Access to deep pools of capital, to scale and grow your business. 2016 Annual Report. Operating profit increased due to a significant gain from the sale of an investment, a gain from an amendment to a pension plan and lower costs, in addition to higher revenues. Please consult your account manager. Arup believes that the establishment of a strong hydrogen economy is a very real opportunity and within reaching distance, but how far away is the finishing line? For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com. As set forth in its full-year 2021 outlook, the company expects to generate between $1.0 billion and $1.1 billion of free cash flow this year. Argentina:+54 11 53546700 View event. All countries (toll free):+1 800 427 7570 India, Bangladesh, Nepal, Maldives & Sri Lanka: Please try again or contact us for further assistance. By Minerva Lau, India pledged at the COP26 conference in Glasgow to becoming net-zero by 2070 and achieving 45% lower emissions intensity of GDP by 2030 than 2005 levels. Refinitiv On Demand provides a consultative approach to provide efficient, timely custom solutions to help clients make informed decisions. MEDIA The company's outlook contains various non-IFRS financial measures. 180 014 410 639(PLDT) Most employees continue to work remotely from their homes, enabled by technology that allows them to collaborate with customers and each other. Putting populations at risk, or saving Planet A? FTSE Russell Sustainable investment data, London Stock Exchange Sustainable finance for London's issuers. Some of the material risk factors that could cause actual results or events to differ materially from those expressed in or implied by forward-looking statements in this news release include, but are not limited to, uncertainty, downturns and changes in the markets that the company serves, the ongoing impact of the COVID-19 pandemic on the companys business and risks that the pandemic could have a longer duration or a more significant impact on Thomson Reuters than the company currently expects; fraudulent or unpermitted data access or other cyber-security or privacy breaches; failures or disruptions of data centers, network systems, telecommunications, or the Internet; failure to keep pace with technological developments to provide new products, services, applications and functionalities to meet customers needs, attract new customers and retain existing ones, or expand into new geographic markets and identify areas of higher growth; inadequate protection of intellectual property rights; actions of competitors; failure to adapt to organizational changes and effectively implement strategic initiatives; failure to attract, motivate and retain high quality, talented and diverse management and key employees; failure to derive fully the anticipated benefits from existing or future acquisitions, joint ventures, investments or dispositions; failure to meet the challenges involved in operating globally; failure to maintain a high renewal rate for recurring, subscription-based services; dependency on third parties for data, information and other services; impairment of goodwill and other identifiable intangible assets; changes to law and regulations related to privacy, data security, data protection and other areas; tax matters, including changes to tax laws, regulations and treaties; threat of legal actions and claims; risk of antitrust/competition-related claims or investigations; fluctuations in foreign currency exchange and interest rates; downgrading of credit ratings and adverse conditions in the credit markets; the effect of factors outside of the control of Thomson Reuters on funding obligations in respect of pension and post-retirement benefit arrangements; failure to protect the brands and reputation of Thomson Reuters; actions or potential actions that could be taken by the companys principal shareholder, The Woodbridge Company Limited; and the ability of Thomson Reuters Founders Share Company to affect the companys governance and management. Diluted loss per share was $0.36 compared to diluted earnings per share of $1.13 in the prior-year period due to lower operating profit and a decrease in value of the companys LSEG investment, which is discussed in more detail in the London Stock Exchange Group (LSEG) Ownership Interest section of this news release. Net cash provided by operating activities increased as higher revenues more than offset higher tax payments and expenses, which included Change Program costs. Get more accurate and efficient results with the power of AI, cognitive computing, and machine learning. Too expensive to deploy, or too cheap to meter? We will send you email confirmation within 24 hours with further instructions on how to proceed with access to Refinitiv. Anaergia has placed one of the largest WtE facilities in North America into Chapter 11. The Refinitiv Data Platform delivers a single, consistent data experience to access, distribute and build with Refinitiv and third party data. Organic revenues increased 6%, driven by 6% growth in recurring revenues (80% of total revenues), as well as 16% growth in transactions revenues. See the Non-IFRS Financial Measures section below as well as the tables and footnotes appended to this news release for more information. Singapore and all non-listed ASEAN Countries: Transactions revenues grew 4% (13% of total, all organic). Reduce operational and regulatory risk through UnaVistas range of regulatory reporting, reference data, and analytics solutions. "Refinitiv aims to spend to take on Bloomberg", "Refinitiv CEO aims to kick-start faster growth for '$6-billion startup' born out of Thomson Reuters-Blackstone deal", "Thomson Reuters closes deal with Blackstone", "London Stock Exchange clinches acquisition of Refinitiv for $27bn", "London Stock Exchange expects regulatory nod to Refinitiv deal", "Tradeweb's IPO shows how OTC markets are changing", "Refinitiv's Tradeweb Markets files for IPO", "Why data provider Refinitiv is buying software services firm Scivantage", "Refinitiv acquires Advisor Software Inc", "Refinitiv buys the Red Flag Group as it expands due diligence offering", "Refinitiv deployed filter to block Reuters reports as Hong Kong protests raged", "Refinitiv Adds Greek Firms Working in Russia to World-Check Base", "For Refinitiv's Phil Cotter, jump from distilling information to divining fincrime risk, protecting the vulnerable, the 'highlight of my career', https://en.wikipedia.org/w/index.php?title=Refinitiv&oldid=1156338209, Financial services companies based in New York City, Financial services companies established in 2018, American subsidiaries of foreign companies, Short description is different from Wikidata, Articles with unsourced statements from December 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 May 2023, at 10:21. Joti Mangat reports. In 2021, the company paid $850 million of taxes related to these transactions. Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the worlds most global news service Reuters. But the introduction of price caps in various markets around the world added to the energy transition, corporate PPAs, construction inflation and interest rate hikes has made life more complicated. (2) Computed for revenue growth only. In August 2019, London Stock Exchange Group (LSEG) agreed to buy Refinitiv in an all-share transaction valuing the company at $27 billion. LSEG 2022 Trading Update Q3. Organic revenue growth of 5% - 6% in 2023 Current page 1; Page 2; Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 7,428m Up 6.6% (excl. Adjusted EBITDA up 33%; adjusted EBITDA margin of 32.5%, Accelerating to 3.0: Two Powerful Levers to Drive Both Growth & Efficiencies Thomson Reuters Reports Fourth-Quarter and Full-Year 2020 Results [PDF], Q4 2020 Reconciliation of Non-IFRS Financial Measures [PDF], Payroll, compensation, pension & benefits, Fraud prevention, detection & investigations, Document retrieval & due diligence services, Do not sell or share my personal information and limit the use of my sensitive personal information, (Millions of U.S. dollars, except for adjusted EBITDA margins), Depreciation & AmortizationofComputer Software. The companys Big 3 segments (Legal Professionals, Corporates and Tax & Accounting Professionals), which collectively comprised 79% of total revenues, reported organic revenue growth of 5%. We began 2020 with optimism and momentum as our sales, revenue growth and profitability were accelerating. Unless otherwise noted, all revenue growth comparisons by customer segment in this news release are at constant currency (or exclude the impact of foreign currency) as Thomson Reuters believes this provides the best basis to measure their performance. Spare a thought for the average power project financier, everything is so much more complex thes days. We're here to help. Non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measures in the appended tables. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. Indonesia:+622150960350 Prevailing tailwinds are favorable and play to our strengths. Prevent, detect, and investigate crime. Hundreds of document types, including Annual & Quarterly reports, equity and fixed income prospectuses, municipal bonds, M&A, CSR, ownership and other regulatory filings. A realignment of costs, risks and benefits is needed to ensure the industrys as-yet untested financial sustainability. For a deeper look into our Eikon Data API, look into: Overview| Quickstart| Documentation| Downloads| Tutorials| Articles. New Zealand: +64 9913 6203 The industry leader for online information for tax, accounting and finance professionals. Refinitiv Company Profile - Craft Head of Commercial Communications & Corporate Affairs The Yearbook is our annual publication in which we look at the events of 2022 through We are currently reviewing your application. Additionally, higher revenues were more than offset by higher costs, primarily related to investments associated with the companys Change Program and higher performance bonus expense. We're here to help. Transactions revenues declined 11% (13% of total), primarily due to lower software implementation revenues. And it is just the icing on the top that these are carbon-neutral generation technologies. Thomson Reuters indirectly owns LSEG shares through an entity that it jointly owns with Blackstones consortium and a group of current LSEG and former Refinitiv senior management. Comprehensive and accurate benchmark and index coverage across asset classes. Organic revenues also increased 2% driven by 5% growth in recurring revenues, which comprised 80% of total revenues. The companys Big 3 segments (Legal Professionals, Corporates and Tax & Accounting Professionals) reported organic revenue growth of 7% and collectively comprised 79% of total revenues. Organic revenues increased 5%, primarily due to 5% growth in recurring revenues (79% of total revenues), as well as 13% growth in transactions revenues. 2013 Annual Report. Is there any change since mid 2018? Upon completion, I am confident Thomson Reuters will be a far more streamlined, integrated and agile operating company, and will deliver a best-in-class customer experience, which will drive strong operating and financial results and greater value for our customers and shareholders.. New Zealand: +64 9913 6203 Thomson Reuters believes that this type of guidance provides useful insight into the performance of its businesses. Get support for this dataset, view change notifications and explore entitlements, View API technical documentation, discover data model and identify Refinitiv Instrument Code (RIC), Filings content and history provides depth and access to h. Our global network of local experts results in unique coverage and timeliness, with same-day availability of documents. The company adjusted its prior-period segment amounts to reflect the current presentation. Do you plan to support API for corporate filings in the future? A powerful tax and accounting research tool. Global Print revenues declined 4%. Refinitiv runs more than 130[17] fintech data, analytics, trading, and risk assessment tools including World-Check, a risk intelligence database for financial crime legislation compliance, FXall, Eikon, the execution management system REDI, Datastream for macro-economic analysis, Quantitative Analytics on the Cloud, AutoAudit and the Elektron Data Platform, creating 32,000 risk intelligence records every month from internal and third-party sources. Thomson Reuters 2021 Annual Report Welcome to the 2023 Refinitiv Project Finance International (PFI) Yearbook. Fourth-quarter costs also included a $25 million investment to better position the business for 2022, which was allocated to go-to-market and product development initiatives, and data and analytics tools to improve the customer experience. Refinitiv also maintains a database featuring more than a million mergers and acquisitions (M&A) deals spanning over 40 years, covering corporate finance transactions and investment banking league tables across equity markets, debt, loans, bonds, project finance, initial public offerings (IPOs), joint ventures, repurchases, private equity and municipal bonds. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Transactions revenues declined 6% organically. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. Fast track case onboarding and practice with confidence. Aneesh Prabhu, senior director and sector lead, North American Infrastructure, S&P Global Ratings, examines the tailwinds for the power sector and diverging approaches with Europe's decarbonisation plans. Adjusted EBITDA decreased 3% to $239 million. A quarterly dividend of $0.445 per share is payable on March 15, 2022 to common shareholders of record as of February 24, 2022. With cloud-enabled platform capabilities and flexible distribution options, the Refinitiv Data Platform enables faster deployment of applications, greater scale with workflow-critical analytics and a reimagined approach to technology innovation, data distribution and management. Actual results, which include the impact of currency and future acquisitions and dispositions completed during 2021, 2022 and 2023, may differ materially from the companys outlook. Thank you for standing by. Investment of $500 million - $600 million (2021 & 2022). Mexico:+52 55 80005740 Diluted EPS decreased to $1.13 per share from $2.64 per share in the prior-year period, as the prior-year period included a $1.2 billion non-cash deferred tax benefit associated with the reorganization of certain foreign operations. Focus investigation resources on the highest risks and protect programs by reducing improper payments. Certain statements in this annual report are The company expects its first-quarter 2022 revenue growth rate and adjusted EBITDA margin will be comparable to its full-year 2022 outlook targets. Thomson Reuters annual and quarterly reports are also available in the Investor Relations section of www.thomsonreuters.com. While the companys full-year 2021 performance provides it with increasing confidence about its outlook, the global economy has recently experienced substantial disruption due to concerns regarding resurgences and new strains of COVID-19, measures intended to mitigate the pandemics impact, and other events and macroeconomic factors. Adjusted EBITDA increased 6% to $154 million. The report includes in-depth analysis of the ground-breaking Inflation Reduction Act in the US and its impact on green project finance. Already a Refinitiv customer? The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. While the company cancelled or postponed nearly all in-person conferences, primarily in its Reuters Events business, many of these events were replaced with virtual meetings. The margin decreased to 49.8% from 51.1%, primarily due to higher performance bonus expense. The information in this section should also be read in conjunction with the section below entitled Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions.. 2010 Annual Report. Summary FINRA issued $48.1 million in fines in 2022*, and the Board determined that there were $111.4 million in fines-eligible expenditures in 2022 ( i.e., capital initiatives, strategic expenditures and other activities eligible to be funded by fine monies based on the criteria set forth above). Annual Reports | Financial Information - Thomson Reuters A powerful tax and accounting research tool. Many of the foregoing risks are, and could be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. U.S. companies boost sustainability scores - Refinitiv data Consequently, for outlook purposes only, the company is unable to reconcile these non-IFRS measures to the most comparable IFRS measures because it cannot predict, with reasonable certainty, the 2021, 2022 and 2023 impacts of changes in foreign exchange rates which impact (i) the translation of its results reported at average foreign currency rates for the year, and (ii) other finance income or expense related to intercompany financing arrangements.
refinitiv annual report