2007 ANNUAL REPORT

Financial Highlights

Years ended December 31 (in millions, except per share data) 2007 2006 % Change
Revenue    $ 6,772.3         $ 6,255.1           8.3     
Net income   1,013.6 (a)    882.2 (b)    14.9  
Diluted earnings per share   2.94 (a)    2.40 (b)    22.5  
Dividends per share of common stock(c)   0.820     0.726     12.9  
Total assets $ 6,357.3   $ 6,042.9     5.2  
Capital expenditures(d)   545.2     426.4     27.9  
Total debt   1,197.4     2.7     NM  
Shareholders' equity   1,606.7     2,679.6 (e)    -40.0  


NM = Not Meaningful
(a) Includes a $0.03 diluted per share gain on the divestiture of a mutual fund data business and a $0.08 restructuring charge.
(b) Includes a $0.04 one-time charge for the elimination of the Company's restoration stock option program and a $0.06 restructuring charge.
(c) Dividends paid were $0.2050 per quarter in 2007 and $0.1815 per quarter in 2006.
(d) Includes investments in prepublication costs, purchases of property and equipment and additions to technology projects.
(e) Includes the incremental effect of Adopting Financial Accounting Standards Board Statement No. 158, "Employer's Accounting for Defined Benefit Pension and Other Postretirement Plans," which resulted in a reduction of shareholders' equity of $69.4 million.
(f) Assumes $100 invested on December 31, 2002 and total return includes reinvestment of dividends through December 31, 2007.

Graph of Revenue for last five years Graph of Dividends per Share for last five years
Graph of Year-End Share Price for last five years Graph of five-year cumulative Shareholder Return


 
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