TransUnion delivered a good quarter, achieving our Upside Case Outlook Scenario, including modest revenue growth at an attractive Adjusted EBITDA margin, said Chris Cartwright, President and CEO. This earnings release also presents Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Effective Tax Rate, Adjusted Net Income (Loss) and Adjusted Diluted Earnings per Share for all periods presented. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. Adjusted Diluted Earnings per Share for the quarter was$0.81, compared with$0.76for the third quarter of 2019. Actual results may differ materially from those described in the forward-looking statements. Total adjustments before income tax items from schedule 3, Noncontrolling interest portion of Adjusted Net Income adjustments, Eliminate impact of excess tax benefits for share compensation. Diluted earnings per share is expected to be between $0.48 and $0.51, an increase of 31 to 39 percent. We define Adjusted EBITDA as net income (loss) attributable to TransUnion plus (less) loss (income) from discontinued operations, plus net interest expense, plus (less) provision (benefit) for income taxes, plus depreciation and amortization, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses to migrate to the cloud, plus (less) certain other expenses (income). Health care systems across the United States have faced severe losses since the pandemic, but TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. Adjusted Net Income was $577 million, compared with $536 million in 2019. There can be no assurance that the Company will achieve the results expressed by this guidance. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. Asia Pacific revenue was $15 million, a decrease of 4 percent (6 percent on a constant currency basis) compared with the third quarter of 2019. BNP Paribas Exane Initiates Coverage on TransUnion With Neutral Rating, $64.50 Price Ta.. North American Morning Briefing: Futures Dip As a -2-. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to a ratio based on Adjusted EBITDA. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. A company that has been tracking tech company layoffs since 2020 says more than 1,600 workers in the industry have been laid off a day in 2023, on average. TransUnion is a large American company that provides credit information and information management services to over 45,000 businesses and over 500 TransUnion Holding Company, Inc. has been renamed TransUnion and TransUnion Corp has been renamed TransUnion Intermediate Holdings, Inc. For year: All Select forms: All Forms Search text: 10 Section 16 filings Total results: 775 Date filed Filing Description View Oct 25, 2022 10-Q Quarterly Report Oct 25, 2022 8-K Current report filing Oct 06, 2022 As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. This increase is partially offset by an estimated decrease to revenue for certain acquired non-core customer contracts that are not classified as discontinued operations that will expire within approximately one year from the date of acquisition. With the onset of the COVID-19 pandemic, the United States declared a national emergency in March 2020. SCHEDULE 3TRANSUNION AND SUBSIDIARIESAdjusted Net Income and Adjusted Earnings Per Share (Unaudited)(in millions, except per share data). The Adjusted Revenue growth includes an immaterial impact from acquisitions. Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. India revenue was $28 million, a decrease of 2 percent (an increase of 2 percent on a constant currency basis) compared with the fourth quarter of 2019. All rights reserved. In addition, our board of directors and executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans. Adjusted EBITDA was $57 million, a decrease of 11 percent (8 percent on a constant currency basis) compared with the third quarter of 2019. United Kingdom revenue was $44 million, a decrease of 7 percent (11 percent on a constant currency basis). See More Ecosystem Guides. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. This adjustment represents certain non-cash adjustments related to acquired entities, predominantly adjustments to increase revenue resulting from purchase accounting reductions to deferred revenue we record on the opening balance sheets of acquired entities. The decrease in cash used in financing activities was due primarily to debt prepayments made in 2019. Solutions that facilitate global commerce by enabling secure online transactions are in great demand in todays growing digital economy. Adjustments to reconcile net income to net cash provided by operating activities: Net loss/(gain) on investments in affiliated companies and assets-held-for sale, Net (earnings)/dividends, from equity method investments, Amortization of discount and deferred financing fees, Provision for losses on trade accounts receivable, Cash used in operating activities of discontinued operations, Proceeds from sale/maturity of other investments, Acquisitions and purchases of noncontrolling interests, net of cash acquired, Proceeds from disposals of assets held for sale, Cash used in investing activities of discontinued operations, Proceeds from issuance of common stock and exercise of stock options, Distributions to noncontrolling interests, Employee taxes paid on restricted stock units recorded as treasury stock, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents, beginning of period, For the Three Months Ended September 30, 2020 compared with the Three Months Ended September 30, 2019, For the Nine Months Ended September 30, 2020 compared with the Nine Months Ended September 30, 2019. TransUnion Should Be Able to Increase Revenue Even Amid Sector Headwinds, Morgan Stanle.. Stellex Capital Management LLC Acquires G2, LCI, and Fintellix. If youve We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release. Our board of directors and executive management team use Adjusted Revenue and Adjusted EBITDA as compensation measures. Consolidated Adjusted EBITDA margin is calculated using consolidated Adjusted Revenue and consolidated Adjusted EBITDA. Net income attributable to TransUnion was $103 million for the quarter, compared with $92 million for the third quarter of 2019. Better predict cash flow, maximize reimbursements & deliver a more efficient, stress-free patient experience. Emerging Verticals revenue, which includes Healthcare, Insurance and all other verticals, was $189 million, a decrease of 3 percent (4 percent on an organic basis) compared with the third quarter of 2019. SimpliSafe Inc. opened its 90,000-square-foot Taunton warehouse in the fall of 2020. TransUnions TLOxpskip tracing, investigative research and risk management. We call this Information for Good. ET TRU earnings call for the period ending June 30, The Adjusted EBITDA growth rates include approximately 0.5 percent of benefit from foreign exchange rates. Cash used in investing activities was $267 million compared with $204 million in 2019. Adjustments to reconcile net income to net cash provided by operating activities: Net loss/(gain) on investments in affiliated companies and assets of businesses held for sale, Provision for losses on trade accounts receivable, Cash used in operating activities of discontinued operations, Proceeds from sale/maturity of other investments, Acquisitions and purchases of noncontrolling interests, net of cash acquired, Proceeds from disposals of assets held for sale, net of cash on hand, Cash used in investing activities of discontinued operations, Proceeds from refinance of Senior Secured Term Loans, Payments from refinanceof Senior Secured Term Loans, Proceeds from issuance of common stock and exercise of stock options, Distributions to noncontrolling interests, Employee taxes paid on restricted stock units recorded as treasury stock, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents, beginning of period, For the Three Months Ended December 31, 2020 compared with the Three Months Ended December 31, 2019, For the Twelve Months Ended December 31, 2020 compared with the Twelve Months Ended December 31, 2019. We are reinstating guidance for the fourth quarter and full year 2020. Boston home security company SimpliSafe is shutting down its Taunton warehouse and laying off its 58 employees. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. JP Morgan also served as a financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor. Canada revenue was $28 million, an increase of 2 percent (3 percent on a constant currency basis) compared with the third quarter of 2019. In addition, the revenue growth rates include approximately 3 percent of benefit due to the projected increase in mortgage revenue. SCHEDULE 4TRANSUNION AND SUBSIDIARIESEffective Tax Rate and Adjusted Effective Tax Rate (Unaudited)(dollars in millions), SCHEDULE 5TRANSUNION AND SUBSIDIARIESSegment Depreciation and Amortization (Unaudited)(in millions), SCHEDULE 6TRANSUNION AND SUBSIDIARIESReconciliation of Non-GAAP Guidance (Unaudited)(in millions). Cash and cash equivalents were $493 million at December31, 2020 and $274 million at December31, 2019. Deutsche Bank acted as lead M&A advisor to TransUnion. Deferred revenue results when a company receives payment in advance of fulfilling their performance obligations under contracts. These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. Eliminates impact of state and foreign tax rate changes on deferred taxes, valuation allowances on foreign net operating losses, capital losses and foreign tax credits and other discrete adjustments. Adjusted Net Income and Adjusted Earnings Per Share (Unaudited). Eliminates the impact of excess tax benefits for share compensation. Total revenue for the quarter was $699 million, an increase of 2 percent (2 percent on a constant currency basis, 1 percent on an organic constant currency basis) compared with the fourth quarter of 2019. Eliminates impact of state tax rate changes on deferred taxes, valuation allowances on foreign net operating losses and valuation allowances on capital losses and other discrete adjustments. The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Total revenue for the quarter was $696 million, an increase of 1 percent (2 percent on a constant currency basis, 1 percent on an organic constant currency basis) compared with the third quarter of 2019. Headquartered in Singapore, we have a global talent force of over 1,800 people in 10 key financial cities and have investments in over 40 countries. TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook. Generally, this fair value calculation results in a reduction to the purchased deferred revenue balance. Neustar offers industry-leading solutions in marketing, risk, communications, and security that responsibly connect data on people, devices, and locations, continuously corroborated through billions of transactions. Tampa Bay's Inno Under 25 2020. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. In addition to new filings, the year saw several key decisions handed down by federal courts, shedd We define Adjusted Net Income as net income (loss) attributable to TransUnion plus (less) loss (gain) from discontinued operations, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses, plus (less) certain other expenses (income), plus amortization of certain intangible assets, plus or minus the related changes in provision for income taxes. We present Adjusted Revenue as a supplemental measure of our revenue because we believe it provides meaningful information regarding our revenue and provides a basis to compare revenue between periods. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. GAAP Outlook: For 2020, revenue is expected to be between $2.696 billion and $2.715 billion, an increase of 2 percent compared with 2019. TRANSUNION AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)(in millions, except per share data), TRANSUNION AND SUBSIDIARIESConsolidated Statements of Income (Unaudited)(in millions, except per share data). Marketing Offers Opt-Out Learn how to remove your name from prescreen mailing lists obtained from the major credit card reporting companies. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income (loss) attributable to the Company, earnings per share or cash provided by operating activities. TransUnion Consumer Solutions P.O. Box 2000 Chester, PA 19016-2000 Please note: We accept either standard or certified mail. Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company. In order to complete your dispute, provide as much of the following information as possible: Your name*. The revenue growth includes an immaterial impact from acquisitions. Dane Mauldin Executive Vice President, Chief Operations Officer Susan Muigai Executive Vice President, Chief Human Resources Officer Heather Russell Executive Vice President, Chief Legal Officer Steve Sassaman Executive Vice President, Chief Commercial Officer Todd Skinner President, International investor.relations@transunion.com TransUnion (NYSE: TRU) (the Company) today announced financial results for the quarter and year ended December31, 2020. Providing first quarter and full year 2021 financial guidance. Net income attributable to TransUnion was $102 million for the quarter, compared with $83 million for the fourth quarter of 2019. TransUnion company profile. Better predict cash flow, maximize reimbursements & deliver a more efficient, stress-free patient experience. Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. For the three months ended September 30, 2020, consisted of the following adjustments: $1.5 million of acquisition expenses. Reconciliation of net income attributable to TransUnion to Adjusted Net Income: Amortization of certain intangible assets, Total adjustments before income tax items, Change in provision for income taxes per schedule 4, Anti-dilutive weighted stock-based awards outstanding. There can be no assurance that the Company will achieve the results expressed by this guidance. TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. Organic CC growth rate is the CC growth rate less inorganic growth rate. These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. Unemployment rose by 1.5 million in March, with a large increase in the number of job losers on temporary layoffthat is, those who were given a date to return to work or expected to return to work within 6 months. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Total adjustments before income tax items from schedule 3, Noncontrolling interest portion of Adjusted Net Income adjustments, Eliminate impact of excess tax benefits for share compensation. We also maintained a strong balance sheet position with $554 million of cash on hand at the end of the quarter, ensuring that we are well situated to fully operate our business in the current highly fluid macro environment while enabling our ongoing investment strategy, Cartwright concluded. Like TransUnion, Neustar has built its brand and reputation on fostering trusted connections between consumers and businesses to help them transact with greater confidence. Cancel Anytime Net income attributable to TransUnion is expected to be between $92 million and $98 million, an increase of 31 to 39 percent. Actual results may differ materially from those described in the forward-looking statements. These adjustments include the same adjustments we make to our Adjusted Revenue, Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release. The fair value of this deferred revenue is determined based on the direct and indirect incremental costs of fulfilling our performance obligations under these contracts, plus a normal profit margin. At the same time, we recently made strategic moves to build out our Media vertical through the acquisitions of Signal in the third quarter and Tru Optik early in the fourth quarter.. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. GIC is a leading global investment firm established in 1981 to secure Singapores financial future. Factors that could cause actual results to differ materially from those described in the forward-looking statements include; the effects of the COVID-19 pandemic; the timing of the recovery from the COVID-19 pandemic; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets; our ability to provide competitive services and prices; our ability to retain or renew existing agreements with large or long-term customers; our ability to maintain the security and integrity of our data; our ability to deliver services timely without interruption; our ability to maintain our access to data sources; government regulation and changes in the regulatory environment; litigation or regulatory proceedings; regulatory oversight of critical activities; our ability to effectively manage our costs; economic and political stability in the United States and international markets where we operate; our ability to effectively develop and maintain strategic alliances and joint ventures; our ability to timely develop new services and the markets willingness to adopt our new services; our ability to manage and expand our operations and keep up with rapidly changing technologies; our ability to make acquisitions, successfully integrate the operations of acquired businesses and realize the intended benefits of such acquisitions; our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property; our ability to defend our intellectual property from infringement claims by third parties; the ability of our outside service providers and key vendors to fulfill their obligations to us; further consolidation in our end-customer markets; the increased availability of free or inexpensive consumer information; losses against which we do not insure; our ability to make timely payments of principal and interest on our indebtedness; our ability to satisfy covenants in the agreements governing our indebtedness; our ability to maintain our liquidity; share repurchase plans; our reliance on key management personnel; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2019, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnions website (www.transunion.com/tru) and on the Securities and Exchange Commissions website (www.sec.gov).