| Sales |
|
| North American Education |
1,667 |
2,002 |
2,470 |
2,640 |
2,584 |
| International Education |
735 |
866 |
1,035 |
1,234 |
1,424 |
| Professional |
226 |
244 |
275 |
333 |
382 |
| Education |
2,628 |
3,112 |
3,780 |
4,207 |
4,390 |
| FT Group |
344 |
390 |
358 |
403 |
427 |
| Penguin |
846 |
903 |
1,002 |
1,053 |
1,045 |
| Continuing |
3,818 |
4,405 |
5,140 |
5,663 |
5,862 |
| Discontinued |
511 |
414 |
484 |
296 |
- |
| Total sales |
4,329 |
4,819 |
5,624 |
5,959 |
5,862 |
| |
|
|
|
|
|
| Adjusted operating profit |
|
|
|
|
|
| North American Education |
273 |
302 |
403 |
469 |
493 |
| International Education |
92 |
135 |
141 |
171 |
196 |
| Professional |
27 |
36 |
43 |
51 |
66 |
| Education |
392 |
474 |
587 |
691 |
755 |
| FT Group |
56 |
74 |
39 |
60 |
76 |
| Penguin |
74 |
93 |
84 |
106 |
111 |
| Continuing |
522 |
641 |
710 |
857 |
942 |
| Discontinued |
112 |
121 |
148 |
81 |
- |
| Total adjusted operating profit |
634 |
762 |
858 |
938 |
942 |
| |
|
|
|
|
|
| Operating margin - continuing |
13.7% |
14.6% |
13.8% |
15.1% |
16.1% |
| |
|
|
|
|
|
| Adjusted earnings |
|
|
|
|
|
| Total adjusted operating profit |
634 |
762 |
858 |
938 |
942 |
| Net finance costs |
(85) |
(88) |
(97) |
(85) |
(52) |
| Income tax |
(145) |
(178) |
(194) |
(215) |
(199) |
| Non-controlling interest |
(32) |
(36) |
(44) |
(17) |
1 |
| Adjusted earnings |
372 |
460 |
523 |
621 |
692 |
| Weighted average number of shares
(millions) |
796.8 |
797.0 |
799.3 |
801.2 |
800.2 |
| Adjusted earnings per share |
46.7p |
57.7p |
65.4p |
77.5p |
86.5p |
| Cash flow |
|
|
|
|
|
| Operating cash flow |
684 |
796 |
913 |
1,057 |
983 |
| Operating cash conversion |
108% |
104% |
106% |
113% |
104% |
| Operating free cash flow |
533 |
631 |
723 |
904 |
772 |
| Operating free cash flow per share |
66.9p |
79.2p |
90.5p |
112.8p |
96.5p |
| Total free cash flow |
407 |
631 |
723 |
904 |
772 |
| Total free cash flow per share |
51.1p |
79.2p |
90.5p |
112.8p |
96.5p |
| |
|
|
|
|
|
| Net assets |
3,874 |
5,024 |
4,636 |
5,605 |
5,962 |
| |
|
|
|
|
|
| Net debt |
973 |
1,460 |
1,092 |
430 |
499 |
| |
|
|
|
|
|
| Return on invested capital (gross
basis) |
|
|
|
|
|
| Total adjusted operating profit |
634 |
762 |
858 |
938 |
942 |
| Cash tax paid |
(61) |
(89) |
(103) |
(85) |
(151) |
| Return |
573 |
673 |
755 |
853 |
791 |
| Average invested capital |
6,423 |
7,337 |
8,504 |
8,315 |
8,731 |
| Return on invested capital |
8.9% |
9.2% |
8.9% |
10.3% |
9.1% |
| |
|
|
|
|
|
| Dividend per share |
31.6p |
33.8p |
35.5p |
38.7p |
42.0p |
