Spreadsheet: 306986d1-4a25-4717-9940-bd2f740f5be8
Sheet: Sheet1

THOMSON REUTERS | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9
FINANCIAL INFORMATION- INCLUDING PROFESSIONAL DISPOSALS | 2010
UNAUDITED | Quarter ended |  |  |  |  | Year to date
(millions of U.S. dollars, except as otherwise indicated and
except for per share data)
 | March 31 | June 30 | Sept 30 | Dec. 31 |  | March 31 | June 30 | Sept. 30 | Dec. 31
INCLUDES BARBRI & SCANDINAVIAN LEGAL AND TAX & ACCOUNTING  BUSINESSES WITHIN ONGOING BUSINESSES
Revenues:
Legal | 825 | 936 | 945 | 971 |  | 825 | 1761 | 2706 | 3677
Tax & Accounting | 262 | 243 | 244 | 330 |  | 262 | 505 | 749 | 1079
Healthcare & Science | 208 | 214 | 220 | 239 |  | 208 | 422 | 642 | 881
Professional division | 1295 | 1393 | 1409 | 1540 |  | 1295 | 2688 | 4097 | 5637
Sales & Trading | 891 | 869 | 887 | 900 |  | 891 | 1760 | 2647 | 3547
Investment & Advisory | 560 | 551 | 552 | 551 |  | 560 | 1111 | 1663 | 2214
Enterprise | 315 | 326 | 331 | 384 |  | 315 | 641 | 972 | 1356
Media | 80 | 79 | 79 | 86 |  | 80 | 159 | 238 | 324
Markets division | 1846 | 1825 | 1849 | 1921 |  | 1846 | 3671 | 5520 | 7441
Eliminations | -2 | -2 | -2 | -3 |  | -2 | -4 | -6 | -9
Revenues from ongoing businesses | 3139 | 3216 | 3256 | 3458 |  | 3139 | 6355 | 9611 | 13069
Disposals | 1 | 0 | 0 | 0 |  | 1 | 1 | 1 | 1
Revenues | 3140 | 3216 | 3256 | 3458 |  | 3140 | 6356 | 9612 | 13070
Operating profit:
Legal | 210 | 306 | 287 | 255 |  | 210 | 516 | 803 | 1058
Tax & Accounting | 35 | 32 | 39 | 110 |  | 35 | 67 | 106 | 216
Healthcare & Science | 44 | 48 | 50 | 56 |  | 44 | 92 | 142 | 198
Professional division | 289 | 386 | 376 | 421 |  | 289 | 675 | 1051 | 1472
Markets division | 323 | 319 | 359 | 336 |  | 323 | 642 | 1001 | 1337
Corporate and Other | -163 | -104 | -259 | -303 |  | -163 | -267 | -526 | -829
Amortization of other identifiable intangible assets | -129 | -132 | -138 | -146 |  | -129 | -261 | -399 | -545
Operating profit from ongoing businesses | 320 | 469 | 338 | 308 |  | 320 | 789 | 1127 | 1435
Disposals | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Impairment of assets held for sale | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Other operating (losses) gains, net | 1 | -34 | 18 | -1 |  | 1 | -33 | -15 | -16
Operating profit | 321 | 435 | 356 | 307 |  | 321 | 756 | 1112 | 1419
Reconciliation of operating profit to underlying operating profit:
Operating profit | 321 | 435 | 356 | 307 |  | 321 | 756 | 1112 | 1419
Adjustments:
Amortization of other identifiable intangible assets | 129 | 132 | 138 | 146 |  | 129 | 261 | 399 | 545
Disposals | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Impairment of assets held for sale | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Fair value adjustments | 9 | -36 | 102 | 42 |  | 9 | -27 | 75 | 117
Integration programs expenses | 97 | 90 | 103 | 173 |  | 97 | 187 | 290 | 463
Other operating losses (gains), net | -1 | 34 | -18 | 1 |  | -1 | 33 | 15 | 16
Underlying operating profit | 555 | 655 | 681 | 669 |  | 555 | 1210 | 1891 | 2560
Underlying operating profit margin % | 0.177 | 0.204 | 0.209 | 0.193 |  | 0.177 | 0.19 | 0.197 | 0.196
Adjusted earnings
Earnings attributable to common shareholders | 127 | 290 | 268 | 224 |  | 127 | 417 | 685 | 909
Adjustments:
Disposals | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Fair value adjustments | 9 | -36 | 102 | 42 |  | 9 | -27 | 75 | 117
Other operating losses (gains), net | -1 | 34 | -18 | 1 |  | -1 | 33 | 15 | 16
Other finance costs (income) | 63 | -39 | -44 | -8 |  | 63 | 24 | -20 | -28
Other non-operating charge | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Share of post-tax earnings in equity method investees | 0 | -3 | -3 | -2 |  | 0 | -3 | -6 | -8
Tax on above items | -4 | 4 | -19 | -13 |  | -4 | 0 | -19 | -32
Interim period effective tax rate normalization | -18 | 7 | -11 | 22 |  | -18 | -11 | -22 | 0
Amortization of other identifiable intangible assets | 129 | 132 | 138 | 146 |  | 129 | 261 | 399 | 545
Discrete tax items | 0 | 0 | 0 | -47 |  | 0 | 0 | 0 | -47
Discontinued operations | 0 | 6 | -6 | 0 |  | 0 | 6 | 0 | 0
Dividends declared on preference shares | -1 | 0 | -1 | -1 |  | -1 | -1 | -2 | -3
Adjusted earnings from continuing operations | 304 | 395 | 406 | 364 |  | 304 | 699 | 1105 | 1469
Adjusted earnings per share from continuing operations | 0.36 | 0.47 | 0.49 | 0.43 |  | 0.36 | 0.84 | 1.32 | 1.76
Weighted average shares (in millions) | 834.7 | 835.8 | 836.8 | 837.7 |  | 834.7 | 835.3 | 835.9 | 836.4
Operating profit margin summary:
Legal | 0.255 | 0.327 | 0.304 | 0.263 |  | 0.255 | 0.293 | 0.297 | 0.288
Tax & Accounting | 0.134 | 0.132 | 0.16 | 0.333 |  | 0.134 | 0.133 | 0.142 | 0.2
Healthcare & Science | 0.212 | 0.224 | 0.227 | 0.234 |  | 0.212 | 0.218 | 0.221 | 0.225
Professional division | 0.223 | 0.277 | 0.267 | 0.273 |  | 0.223 | 0.251 | 0.257 | 0.261
Markets division | 0.175 | 0.175 | 0.194 | 0.175 |  | 0.175 | 0.175 | 0.181 | 0.18
Operating profit margin for ongoing businesses | 0.102 | 0.146 | 0.104 | 0.089 |  | 0.102 | 0.124 | 0.117 | 0.11
Operating profit margin - total | 0.102 | 0.135 | 0.109 | 0.089 |  | 0.102 | 0.119 | 0.116 | 0.109
Depreciation and amortization of computer software
Legal | -69 | -70 | -74 | -75 |  | -69 | -139 | -213 | -288
Tax & Accounting | -23 | -24 | -24 | -25 |  | -23 | -47 | -71 | -96
Healthcare & Science | -18 | -17 | -17 | -15 |  | -18 | -35 | -52 | -67
Professional division | -110 | -111 | -115 | -115 |  | -110 | -221 | -336 | -451
Markets division | -163 | -121 | -128 | -141 |  | -163 | -284 | -412 | -553
Corporate and Other | -6 | -6 | -4 | -9 |  | -6 | -12 | -16 | -25
Depreciation from ongoing businesses | -279 | -238 | -247 | -265 |  | -279 | -517 | -764 | -1029
Disposals | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0
Depreciation and amortization of computer software - total | -279 | -238 | -247 | -265 |  | -279 | -517 | -764 | -1029