Thomson Reuters Q2 Update: LSEG Sale Cash, Pagero Buy
Ticker: TMSOF · Form: 6-K · Filed: Aug 2, 2024 · CIK: 1075124
| Field | Detail |
|---|---|
| Company | Thomson Reuters Corp /Can/ (TMSOF) |
| Form Type | 6-K |
| Filed Date | Aug 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-update, acquisition, tax, divestiture-proceeds
Related Tickers: LSEG
TL;DR
TRN Q2 update: $90M HMRC receivable, bought out Pagero, still holding LSEG sale cash.
AI Summary
Thomson Reuters Corp. reported its financial results for the period ending June 30, 2024. The company's filing includes details on fair value adjustments, goods and services costs, and tax receivables from HM Revenue & Customs (HMRC) totaling $90 million as of June 30, 2024. It also mentions the purchase of remaining Pagero shares and undistributed cash from the sale of LSEG shares.
Why It Matters
This filing provides insights into Thomson Reuters' ongoing financial activities, including strategic share purchases and cash management related to past divestitures, which can impact future profitability and operational flexibility.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report providing financial updates and does not indicate any significant new risks.
Key Numbers
- $90 million — HMRC Tax Receivable (As of June 30, 2024, indicating a current asset.)
- $58 million — Lease Liabilities (Represents financial obligations related to leases.)
Key Players & Entities
- Thomson Reuters Corp. (company) — Filer
- HM Revenue & Customs (HMRC) (company) — Tax receivable entity
- LSEG (company) — Source of sale proceeds
- Pagero (company) — Acquired entity
- $90 million (dollar_amount) — Tax receivable from HMRC as of June 30, 2024
- $91 million (dollar_amount) — Tax receivable from HMRC as of December 31, 2023
- $58 million (dollar_amount) — Lease liabilities
FAQ
What is the total amount of undistributed cash from the sale of LSEG shares as of June 30, 2024?
The filing states that the balance as of June 30, 2024, represents undistributed cash from the sale of remaining LSEG shares, but does not specify a dollar amount for this undistributed cash.
What was the purpose of purchasing the remaining shares of Pagero?
The filing states that the Company purchased the remaining shares of Pagero from non-controlling interests in the three months ended June 30, 2024, implying consolidation of ownership.
What are the primary components of 'Goods and services' costs mentioned in the filing?
Goods and services include professional fees, consulting and outsourcing services, contractors, selling and marketing, and other general and administrative costs.
What is the nature of the fair value adjustments reported?
Fair value adjustments primarily represent gains or losses on intercompany balances that arise in the ordinary course of business due to changes in foreign currency exchange rates.
How are tax payments related to the sale of LSEG shares classified in the cash flow statement?
The tax payments related to the sale of LSEG shares are included in investing activities.
Filing Stats: 355 words · 1 min read · ~1 pages · Grade level 12.9 · Accepted 2024-08-02 16:58:18
Filing Documents
- d799394d6k.htm (6-K) — 467KB
- d799394dex991.htm (EX-99.1) — 1664KB
- d799394dex992.htm (EX-99.2) — 3547KB
- d799394dex993.htm (EX-99.3) — 10KB
- d799394dex994.htm (EX-99.4) — 10KB
- d799394dex995.htm (EX-99.5) — 3KB
- d799394dex996.htm (EX-99.6) — 3KB
- g799394g00a41.jpg (GRAPHIC) — 69KB
- g799394g00b41.jpg (GRAPHIC) — 52KB
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- g799394g04p41.jpg (GRAPHIC) — 29KB
- 0001193125-24-192936.txt ( ) — 19669KB
- tri-20240630.xsd (EX-101.SCH) — 90KB
- tri-20240630_cal.xml (EX-101.CAL) — 120KB
- tri-20240630_def.xml (EX-101.DEF) — 377KB
- tri-20240630_lab.xml (EX-101.LAB) — 538KB
- tri-20240630_pre.xml (EX-101.PRE) — 476KB
- d799394d6k_htm.xml (XML) — 5302KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. THOMSON REUTERS CORPORATION (Registrant) By: /s/ Jennifer Ruddick Name: Jennifer Ruddick Title: Deputy Company Secretary Date: August 2, 2024 EXHIBIT INDEX Exhibit Number Description 99.1
Management's Discussion and Analysis
Management's Discussion and Analysis 99.2 Unaudited Consolidated Financial Statements 99.3 Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 99.4 Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 99.5 Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 99.6 Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document 101.SCH XBRL Taxonomy Extension Schema 101.CAL XBRL Taxonomy Extension Calculation Linkbase 101.DEF XBRL Taxonomy Extension Definition Linkbase 101.LAB XBRL Taxonomy Extension Label Linkbase 101.PRE XBRL Taxonomy Extension Presentation Linkbase 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)