Revenue during the quarter went down marginally by 0.94 percent to $2,860 million from $2,887 million in the previous year period. Total expenses were 89.72 percent of quarterly revenues, up from 85 percent for the same period last year. That has resulted in a contraction of 472 basis points in operating margin to 10.28 percent.

Operating income for the quarter was $294 million, compared with $433 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $635 million compared with $802 million in the prior year period. At the same time, adjusted EBITDA margin contracted 558 basis points in the quarter to 22.20 percent from 27.78 percent in the last year period.

"2016 was a year of continued progress. I am encouraged by the momentum and the foundation we have built heading into 2017, and we are well positioned to deliver on our commitments," said Jim Smith, president and chief executive officer of Thomson Reuters. "Today's results reflect the clear progress we are making against the objectives we set out three years ago. 2017 is the year we work to accelerate revenue growth. In these uncertain times, customers lean more heavily on trusted partners like Thomson Reuters to help navigate a changing environment - and we are ready to help them."

Cash flow from investing activities was $2,186 million from investing activities during the year as against cash outgo of $936 million in the last year.

The company has spent $3,712 million cash to carry out financing activities during the year as against cash outgo of $1,971 million in the last year period.

Cash and cash equivalents stood at $2,367 million as on Dec. 31, 2016, up 156.72 percent or $1,445 million from $922 million on Dec. 31, 2015.

Debt comes down
THOMSON REUTERS CORP has recorded a decline in total debt over the last one year. It stood at $7,389 million as on Dec. 31, 2016, down 12.29 percent or $1,035 million from $8,424 million on Dec. 31, 2015.