Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'TRANSUNION HOLDING COMPANY, INC. | ' |
Entity Central Index Key | '0001552033 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 109,894,313 |
TransUnion Corp | ' | ' |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'TRANSUNION CORP. | ' |
Entity Central Index Key | '0001513514 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 100 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | TransUnion Corp | TransUnion Corp | ||
TransUnion Corp-Successor | TransUnion Corp-Successor | |||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $117.50 | $154.30 | $117.50 | $154.30 |
Trade accounts receivable, net of allowance of $0.9 and $1.7 | 183.7 | 163.6 | 183.7 | 163.6 |
Other current assets | 63.9 | 82.7 | 36.1 | 58.7 |
Total current assets | 365.1 | 400.6 | 337.3 | 376.6 |
Property, plant and equipment, net of accumulated depreciation and amortization of $59.0 and $26.4 | 125.2 | 121.2 | 125.2 | 121.2 |
Other marketable securities | 11.6 | 11.4 | 11.6 | 11.4 |
Goodwill | 1,855.40 | 1,804.20 | 1,855.40 | 1,804.20 |
Other intangibles, net of accumulated amortization of $190.6 and $86.6 | 1,882.20 | 1,911.60 | 1,882.20 | 1,911.60 |
Other assets | 135.5 | 129.8 | 105.8 | 95.7 |
Total assets | 4,375 | 4,378.80 | 4,317.50 | 4,320.70 |
Current liabilities: | ' | ' | ' | ' |
Trade accounts payable | 82.3 | 78.4 | 82 | 77.5 |
Short-term debt and current portion of long-term debt | 76.1 | 10.6 | 76.1 | 10.6 |
Other current liabilities | 130.7 | 129.3 | 128.6 | 107 |
Total current liabilities | 289.1 | 218.3 | 286.7 | 195.1 |
Long-term debt | 2,650.50 | 2,670.30 | 1,652.30 | 1,672.30 |
Other liabilities | 678.1 | 679.4 | 667.3 | 667.4 |
Total liabilities | 3,617.70 | 3,568 | 2,606.30 | 2,534.80 |
Redeemable noncontrolling interests | 18.5 | 14.7 | 18.5 | 14.7 |
Stockholders' equity: | ' | ' | ' | ' |
TransUnion Holding Company: Common stock, $0.01 par value; 200.0m shares authorized at September 30, 2013, 110.3m and 110.2m shares issued at Sep 30, 2013 and Dec 31, 2012, respectively, and 109.9m shares and 110.1m shares outstanding as of Sep 30, 2013 and Dec 31, 2012, respectively; TransUnion Corp: Common stock, $0.01 par value; one thousand shares authorized, one hundred shares issued at Sep 30, 2013, and Dec 31, 2012; one hundred shares outstanding as of Sep 30, 2013, and Dec 31, 2012 | 1.1 | 1.1 | 0 | 0 |
Additional paid-in capital | 1,116 | 1,109.40 | 1,692.30 | 1,687.20 |
TransUnion Holding Company: Treasury stock at cost; 0.5 million shares at September 30, 2013 and 0.1 million shares at December 31, 2012; TransUnion Corp: Treasury stock at cost; 0 shares at September 30, 2013, and December 31, 2012 | -3.7 | -0.7 | ' | ' |
Accumulated deficit | -400.1 | -382.6 | -25.1 | 15.1 |
Accumulated other comprehensive loss | -64.4 | -24.4 | -64.4 | -24.4 |
Total stockholders' equity attributable to parent | 648.9 | 702.8 | 1,602.80 | 1,677.90 |
Noncontrolling interests | 89.9 | 93.3 | 89.9 | 93.3 |
Total stockholders’ equity | 738.8 | 796.1 | 1,692.70 | 1,771.20 |
Total liabilities and stockholders’ equity | $4,375 | $4,378.80 | $4,317.50 | $4,320.70 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Trade accounts receivable, allowance | $0.90 | $1.70 |
Property, plant and equipment, accumulated depreciation and amortization | 59 | 26.4 |
Other intangibles, net of accumulated amortization | 190.6 | 86.6 |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 110,300,000 | 110,200,000 |
Common Stock, Shares, Outstanding | 109,900,000 | 110,100,000 |
Treasury Stock, Shares | 500,000 | 100,000 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Trade accounts receivable, allowance | 0.9 | 1.7 |
Property, plant and equipment, accumulated depreciation and amortization | 59 | 26.4 |
Other intangibles, net of accumulated amortization | $190.60 | $86.60 |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common Stock, Shares Authorized | 1,000 | 1,000 |
Common Stock, Shares, Issued | 100 | 100 |
Common Stock, Shares, Outstanding | 100 | 100 |
Treasury Stock, Shares | 0 | 0 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||||
Revenue | $299.50 | $291.70 | $482.60 | $890.80 | $299.50 | $291.70 | $482.60 | $890.80 | $373 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services (exclusive of depreciation and amortization below) | 115.9 | 111.5 | 186.2 | 354.9 | 115.9 | 111.5 | 186.2 | 354.9 | 172 |
Selling, general and administrative | 86.3 | 75.8 | 126.5 | 264.5 | 85.9 | 75.5 | 125.8 | 263.4 | 172 |
Depreciation and amortization | 48 | 43.1 | 72.1 | 138.5 | 48 | 43.1 | 72.1 | 138.5 | 29.2 |
Total operating expenses | 250.2 | 230.4 | 384.8 | 757.9 | 249.8 | 230.1 | 384.1 | 756.8 | 373.2 |
Operating income | 49.3 | 61.3 | 97.8 | 132.9 | 49.7 | 61.6 | 98.5 | 134 | -0.2 |
Non-operating income and expense | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | -49 | -42.6 | -77.4 | -148.1 | -24.9 | -27.6 | -46 | -75.9 | -40.5 |
Interest income | 0.8 | 0.6 | 0.7 | 1.3 | 0.8 | 0.6 | 0.7 | 1.3 | 0.6 |
Other income and (expense), net | 1.4 | -0.6 | -15.4 | 2.5 | 1.6 | -0.6 | -0.2 | 2.5 | -23.8 |
Total non-operating income and expense | -46.8 | -42.6 | -92.1 | -144.3 | -22.5 | -27.6 | -45.5 | -72.1 | -63.7 |
Income (loss) before income taxes | 2.5 | 18.7 | 5.7 | -11.4 | 27.2 | 34 | 53 | 61.9 | -63.9 |
(Provision) benefit for income taxes | -3.9 | -5.2 | -3 | -1.1 | -7.7 | -11 | -19.3 | -19.1 | 11.5 |
Net income (loss) | -1.4 | 13.5 | 2.7 | -12.5 | 19.5 | 23 | 33.7 | 42.8 | -52.4 |
Less: net income attributable to the noncontrolling interests | -2 | -2.2 | -3.3 | -5 | -2 | -2.2 | -3.3 | -5 | -2.5 |
Net income (loss) attributable to parent | ($3.40) | $11.30 | ($0.60) | ($17.50) | $17.50 | $20.80 | $30.40 | $37.80 | ($54.90) |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||||
Net income (loss) | ($1.40) | $13.50 | $2.70 | ($12.50) | $19.50 | $23 | $33.70 | $42.80 | ($52.40) |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | -2.4 | -1.2 | -7.6 | -46.1 | -2.4 | -1.2 | -7.6 | -46.1 | 2.5 |
Net unrealized gain (loss) on hedges (net of tax at 36%) | -0.5 | -1.4 | -3.4 | 2.6 | -0.5 | -1.4 | -3.4 | 2.6 | 0 |
Total other comprehensive loss, net of tax | -2.9 | -2.6 | -11 | -43.5 | -2.9 | -2.6 | -11 | -43.5 | 2.5 |
Comprehensive income (loss) | -4.3 | 10.9 | -8.3 | -56 | 16.6 | 20.4 | 22.7 | -0.7 | -49.9 |
Less: comprehensive income attributable to noncontrolling interests | -1.8 | -2.3 | -2.6 | -1.5 | -1.8 | -2.3 | -2.6 | -1.5 | -2.8 |
Comprehensive income (loss) attributable to parent | ($6.10) | $8.60 | ($10.90) | ($57.50) | $14.80 | $18.10 | $20.10 | ($2.20) | ($52.70) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 7 Months Ended | 9 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | |||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||
Cash flows from operating activities: | ' | ' | ' | ' | ' |
Net income (loss) | $2.70 | ($12.50) | $33.70 | $42.80 | ($52.40) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ' | ' | ' |
Change in control transaction fees | ' | ' | 0.3 | 0 | 20.9 |
Depreciation and amortization | 72.1 | 138.5 | 72.1 | 138.5 | 29.2 |
Deferred financing fees | 1 | 6.7 | 0 | 2.5 | 3.9 |
Stock-based compensation | 1.2 | 4.8 | 0.8 | 4.8 | 2 |
Provision for losses on trade accounts receivable | -2.2 | 0.7 | -2.2 | 0.7 | 3.1 |
Equity in net income of affiliates, net of dividends | 3 | -0.9 | 3 | -0.9 | -3.7 |
Deferred taxes | -5.1 | -12.1 | 10.5 | -6.6 | -18.3 |
Amortization of senior notes purchase accounting fair value adjustment and note discount | -6.6 | -12.7 | -6.6 | -12.9 | 0 |
Loss (gain) on sale of other assets | 0 | -1.2 | 0 | -1.2 | 0.1 |
Other | 2.7 | -0.4 | 2.7 | -0.4 | -0.7 |
Changes in assets and liabilities: | ' | ' | ' | ' | ' |
Trade accounts receivable | -14.2 | -14.7 | -14.2 | -14.7 | -24.7 |
Other current and long-term assets | -76 | 3.2 | 4.1 | 0.8 | 1.5 |
Trade accounts payable | -3.8 | -1.4 | -4 | -1.3 | 1.6 |
Other current and long-term liabilities | 7.3 | 13.1 | -23.1 | 34.6 | 89.9 |
Cash provided by (used in) operating activities | -17.9 | 111.1 | 77.1 | 186.7 | 52.4 |
Cash flows from investing activities: | ' | ' | ' | ' | ' |
Capital expenditures for property and equipment | -26.2 | -54.1 | -26.2 | -54.1 | -20.4 |
Proceeds from sale of trading securities | 0 | 2.2 | 0 | 2.2 | 1.1 |
Investments in trading securities | -0.3 | -1.7 | -0.3 | -1.7 | -1.1 |
Acquisition of TransUnion Corp., net of cash acquired | -1,485.90 | 0 | ' | ' | ' |
Other acquisitions and purchases of noncontrolling interests, net of cash acquired | -10.5 | -135.8 | -10.5 | -135.8 | -0.1 |
Proceeds from sale of other assets | 0 | 4.2 | 0 | 4.2 | 0.2 |
Acquisition related deposits | 0 | -9 | 0 | -9 | 0 |
Other | -1.5 | 1.7 | -1.5 | 1.7 | 0.7 |
Cash used in investing activities | -1,524.40 | -192.5 | -38.5 | -192.5 | -19.6 |
Cash flows from financing activities: | ' | ' | ' | ' | ' |
Proceeds from 9.625% notes | 600 | 0 | ' | ' | ' |
Proceeds from senior secured credit facility | 0 | 923.4 | 0 | 923.4 | 0 |
Extinguishment of senior secured credit facility | 0 | -923.4 | 0 | -923.4 | 0 |
Proceeds from senior secured revolving line of credit | 0 | 65 | 0 | 65 | 0 |
Repayments of debt | -4.8 | -8.7 | -4.8 | -8.7 | -14.6 |
Proceeds from capital lease | 0 | 2 | 0 | 2 | 0 |
Proceeds from issuance of common stock | 1,094.50 | 1.5 | ' | ' | ' |
Debt financing fees | -16.8 | -4.1 | 0 | -3.2 | -6.1 |
Treasury stock purchases | -0.7 | -3 | ' | ' | ' |
Distribution of merger consideration | ' | ' | 0 | 0 | -1.3 |
Change in control transaction fees | ' | ' | -0.3 | 0 | -20.9 |
Distributions to noncontrolling interests | -2.1 | -2.8 | -2.1 | -2.8 | -0.4 |
Dividends to TransUnion Holding | ' | ' | 0 | -78 | 0 |
Other | 0 | 0 | 0 | 0 | -1.7 |
Cash provided by (used in) financing activities | 1,670.10 | 49.9 | -7.2 | -25.7 | -45 |
Effect of exchange rate changes on cash and cash equivalents | -0.6 | -5.3 | -0.6 | -5.3 | 0.8 |
Net change in cash and cash equivalents | 127.2 | -36.8 | 30.8 | -36.8 | -11.4 |
Cash and cash equivalents, beginning of period | 0 | 154.3 | 96.4 | 154.3 | 107.8 |
Cash and cash equivalents, end of period | $127.20 | $117.50 | $127.20 | $117.50 | $96.40 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock | Paid-In Capital | Treasury Stock | Retained Earnings (Accumulated Deficit) | Accumulated Other Comp Income (Loss) | Non-controlling Interests | Total | Redeemable Non-controlling Interests (Temporary Equity) | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp |
In Millions | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | |||||||||
Common Stock | Paid-In Capital | Retained Earnings (Accumulated Deficit) | Accumulated Other Comp Income (Loss) | Non-controlling Interests | Total | Redeemable Non-controlling Interests (Temporary Equity) | |||||||||||
Balance at Dec. 31, 2012 | $796.10 | $1.10 | $1,109.40 | ($0.70) | ($382.60) | ($24.40) | $93.30 | $796.10 | $14.70 | $1,771.20 | $0 | $1,687.20 | $15.10 | ($24.40) | $93.30 | $1,771.20 | $14.70 |
Balance (in shares) at Dec. 31, 2012 | ' | 110.1 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' |
Net income (loss) | 5 | ' | ' | ' | -17.5 | ' | 4.8 | -12.7 | 0.2 | 5 | ' | ' | 37.8 | ' | 4.8 | 42.6 | 0.2 |
Other comprehensive income (loss) | -43.5 | ' | ' | ' | ' | -40 | -1.7 | -41.7 | -1.8 | -43.5 | ' | ' | ' | -40 | -1.7 | -41.7 | -1.8 |
Acquisition of Brazil subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 7.6 | ' | ' | ' | ' | ' | ' | ' | 7.6 |
Distributions to noncontrolling interests | ' | ' | ' | ' | ' | ' | -2.6 | -2.6 | -0.2 | ' | ' | ' | ' | ' | -2.6 | -2.6 | -0.2 |
Purchase of noncontrolling interests | ' | ' | 0.3 | ' | ' | ' | ' | 0.3 | -2 | ' | ' | 0.3 | ' | ' | ' | 0.3 | 2 |
Stock-based compensation | ' | ' | 4.8 | ' | ' | ' | ' | 4.8 | ' | ' | ' | 4.8 | ' | ' | ' | 4.8 | ' |
Issuance of stock (in shares) | ' | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of stock | ' | ' | 1.2 | ' | ' | ' | ' | 1.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options (in shares) | ' | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | ' | ' | 0.3 | ' | ' | ' | ' | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends to TransUnion Holding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -78 | ' | ' | -78 | ' |
Treasury stock purchased (in shares) | ' | -0.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | ' | ' | -3 | ' | ' | ' | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase accounting adjustments related to acquisition of TransUnion Corp. subsidiaries | ' | ' | ' | ' | ' | ' | -3.3 | -3.3 | ' | ' | ' | ' | ' | ' | -3.3 | -3.3 | ' |
Disposal of noncontrolling interests | ' | ' | ' | ' | ' | ' | -0.6 | -0.6 | ' | ' | ' | ' | ' | ' | -0.6 | -0.6 | ' |
Balance at Sep. 30, 2013 | 738.8 | 1.1 | 1,116 | -3.7 | -400.1 | -64.4 | 89.9 | 738.8 | 18.5 | 1,692.70 | 0 | 1,692.30 | -25.1 | -64.4 | 89.9 | 1,692.70 | 18.5 |
Balance (in shares) at Sep. 30, 2013 | ' | 109.9 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 2 | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss) | -2.9 | ' | ' | ' | ' | ' | ' | ' | ' | -2.9 | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | $738.80 | ' | ' | ' | ' | ' | ' | ' | ' | $1,692.70 | $0 | ' | ' | ' | ' | ' | ' |
Balance (in shares) at Sep. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' |
Significant_Accounting_and_Rep
Significant Accounting and Reporting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting and Reporting Policies | ' |
Significant Accounting and Reporting Policies | |
Basis of Presentation | |
This Quarterly Report on Form 10-Q is a combined report being filed separately by TransUnion Holding Company, Inc. (“TransUnion Holding”) and TransUnion Corp. (“TransUnion Corp), a direct 100% owned subsidiary of TransUnion Holding. Unless the context indicates otherwise, any reference in this report to “Company,” “we,” “us,” and “our” refers to TransUnion Holding and its direct and indirect subsidiaries, including TransUnion Corp, or to TransUnion Corp and its subsidiaries for periods prior to the formation of TransUnion Holding. Each registrant included herein is filing on its own behalf all of the information contained in this quarterly report that pertains to such registrant. When appropriate, TransUnion Holding and TransUnion Corp are named explicitly for their specific related disclosures. Each registrant included herein is not filing any information that does not relate to such registrant and, therefore, makes no representation as to any such information. Where the information provided is substantially the same for both Companies, such information has been combined in this Quarterly Report on Form 10-Q. Where information is not substantially the same for both Companies, we have provided separate information. In addition, separate financial statements for each Company are included in Part I, Item 1, “Financial Statements.” | |
The accompanying unaudited consolidated financial statements of TransUnion Holding and TransUnion Corp have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair presentation have been included. All significant intercompany transactions and balances have been eliminated. Operating results of TransUnion Holding and TransUnion Corp for the periods presented are not necessarily indicative of the results that may be expected for the full year ending December 31, 2013. These unaudited consolidated financial statements should be read in conjunction with the audited financial statements of TransUnion Holding and TransUnion Corp as of and for the period ended December 31, 2012, included in our Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission (“SEC”) on February 25, 2013. | |
2012 Change in Control Transaction | |
TransUnion Holding was formed by affiliates of Advent International Corporation (“Advent”) and Goldman Sachs & Co. (“GSC”) on February 15, 2012 as a vehicle to acquire 100% of the outstanding common stock of TransUnion Corp. On April 30, 2012, pursuant to an Agreement and Plan of Merger, TransUnion Holding acquired TransUnion Corp. To partially fund the acquisition, TransUnion Holding issued $600.0 million aggregate principal amount of 9.625%/10.375% senior PIK toggle notes due 2018 (9.625% notes). We refer to these transactions collectively as the “2012 Change in Control Transaction.” | |
The 2012 Change in Control Transaction was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. The guidance prescribes that the basis of the assets acquired and liabilities assumed be recorded at fair value on the acquirer’s books to reflect the purchase price. Under the guidance provided by the SEC Staff Accounting Bulletin Topic 5J, “New Basis of Accounting Required in Certain Circumstances,” the fair value adjustments of the assets acquired and liabilities assumed have also been pushed-down and recorded on TransUnion Corp’s books. | |
TransUnion Corp continues to operate as the same legal entity subsequent to the 2012 Change in Control Transaction. On TransUnion Corp’s financial statements, periods prior to May 1, 2012, reflect the financial position, results of operations, and changes in financial position of TransUnion Corp prior to the 2012 Change in Control Transaction (referred to herein as the “Predecessor”) and periods after April 30, 2012, reflect the financial position, results of operations, and changes in financial position of TransUnion Corp after the 2012 Change in Control Transaction (referred to herein as the “Successor”). Periods after the 2012 Change in Control Transaction are not comparable to prior periods due primarily to additional amortization of intangibles resulting from the fair value adjustments of the assets acquired and liabilities assumed. | |
Principles of Consolidation | |
The consolidated financial statements of TransUnion Holding include the accounts of TransUnion Holding and its 100% owned subsidiary, TransUnion Corp. The consolidated financial statements of TransUnion Corp include the accounts of TransUnion Corp and all of its majority-owned or controlled subsidiaries. Investments in unconsolidated entities in which the Company has at least a 20% ownership interest, or where it is able to exercise significant influence, are accounted for using the equity method. Nonmarketable investments in unconsolidated entities in which the Company has less than a 20% ownership interest, or where it is not able to exercise significant influence, are accounted for using the cost method and periodically reviewed for impairment. | |
Subsequent Events | |
Events and transactions occurring through the date of issuance of the financial statements have been evaluated by management and, when appropriate, recognized or disclosed in the financial statements or notes to the financial statements. | |
Recently Adopted Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-2 (“ASU 2013-2”) Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-2 does not change the current requirements for reporting net income or other comprehensive income, however it increases disclosure requirements for amounts that are reclassified out of accumulated other comprehensive income into net income. ASU 2013-2 is effective for annual and interim periods beginning after December 15, 2012. This guidance was adopted by the Company effective January 1, 2013, and did not have a significant impact on the Company’s consolidated financial statements. | |
Recent Accounting Pronouncements Not Yet Adopted | |
On July 18, 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exist. ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits to better reflect the manner in which an entity would settle at the reporting date any income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses or tax credit carryforwards exist. The objective of ASU 2013-11 is to eliminate the diversity in practice of how companies present unrecognized tax benefits under these circumstances. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We do not expect the requirements of ASU 2013-11 to have a significant impact on the Company's consolidated financial statements. |
2012_Change_in_Control_Transac
2012 Change in Control Transaction | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Business Combinations [Abstract] | ' | ||||||
2012 Change in Control Transaction | ' | ||||||
2012 Change in Control Transaction | |||||||
On April 30, 2012, pursuant to the Merger Agreement, TransUnion Corp was acquired by affiliates of Advent and GSC for the aggregate purchase price of $1,592.7 million, plus the assumption of existing debt. As a result, TransUnion Corp became a wholly-owned subsidiary of TransUnion Holding. In connection with the acquisition, all existing stockholders of TransUnion Corp received cash consideration for their shares and all existing option holders received cash consideration based on the value of their options. To partially fund the acquisition, TransUnion Holding issued $600.0 million aggregate principal amount of the 9.625% notes. At that time, TransUnion Holding was owned 49.5% by affiliates of Advent, 49.5% by affiliates of GSC and 1% by members of management. | |||||||
Purchase Price Allocation | |||||||
The fair value of identifiable intangible assets acquired and liabilities assumed was based on many factors including an analysis of historical financial performance and estimates of future performance, and was determined using analytical approaches appropriate to the facts and circumstances, including discounted cash flow and market-based approaches. The allocation of the purchase price to the identifiable assets acquired and liabilities assumed as of April 30, 2012, consisted of the following: | |||||||
(in millions) | Fair Value | ||||||
Trade accounts receivable | $ | 162.4 | |||||
Property and equipment | 112.9 | ||||||
Identifiable intangible assets | 1,986.40 | ||||||
Goodwill(1) | 1,794.80 | ||||||
All other assets | 302.3 | ||||||
Total assets acquired | $ | 4,358.80 | |||||
Existing debt (including fair value adjustment) | (1,710.8 | ) | |||||
All other liabilities | (945.4 | ) | |||||
Noncontrolling interests | (109.9 | ) | |||||
Net assets of acquired company | $ | 1,592.70 | |||||
(1) | For tax purposes, $128.8 million of goodwill is tax deductible. | ||||||
The excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired and liabilities assumed was recorded as goodwill. The purchase price of TransUnion Corp exceeded the fair value of the net assets acquired due primarily to growth opportunities and operational efficiencies. | |||||||
Identifiable Intangible Assets | |||||||
The fair values of the intangible assets acquired consisted of the following: | |||||||
(in millions) | Fair Value | Estimated | |||||
Useful Life | |||||||
Database and credit files | $ | 765 | 15 years | ||||
Technology and software | 364.6 | 7 years | |||||
Trade names and trademarks | 546.1 | 40 years | |||||
Customer relationships | 308 | 20 years | |||||
Other | 2.7 | 5 years | |||||
Total identifiable intangible assets | $ | 1,986.40 | |||||
The weighted-average useful life of identifiable intangible assets is approximately 21.2 years. |
Fair_Value
Fair Value | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value | ' | ||||||||||||||||
Fair Value | |||||||||||||||||
The following table summarizes financial instruments measured at fair value, on a recurring basis, as of September 30, 2013: | |||||||||||||||||
(in millions) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Trading securities | $ | 11.6 | $ | 11.6 | $ | — | $ | — | |||||||||
Interest rate swaps | (1.8 | ) | — | (1.8 | ) | — | |||||||||||
Total financial instruments at fair value | $ | 9.8 | $ | 11.6 | $ | (1.8 | ) | $ | — | ||||||||
Level 1 investments consist of exchange-traded mutual funds and publicly traded equity investments valued at their current market prices, with unrealized gains and losses included in net income. These securities relate to a nonqualified deferred compensation plan held in trust for the benefit of plan participants and are included in other marketable securities on our balance sheet. There were no significant realized or unrealized gains or losses for these securities for any of the periods presented. Level 2 investments consist of interest rate swaps that are further discussed in Note 9, “Debt.” We determined the fair value of the interest rate swaps using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves. | |||||||||||||||||
On September 4, 2013, we acquired a 100% ownership interest in e-Scan Data Systems, Inc. (“eScan”), a healthcare service business. In connection with this acquisition, the company issued a contingent obligation to the sellers that is a Level 3 instrument. The obligation has a maximum payout of $17.0 million, contingent upon eScan meeting certain performance criteria in future years. The fair value of this obligation has not yet been determined, but we expect to complete the valuation by the end of 2013. The contingent obligation will be reported as a Level 3 instrument due to the lack of an observable market. |
Other_Current_Assets
Other Current Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ' | ||||||||
Other Current Assets | ' | ||||||||
Other Current Assets | |||||||||
TransUnion Holding | |||||||||
Other current assets consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income tax assets | $ | 26.2 | $ | 36.3 | |||||
Prepaid expenses | 24.7 | 33.8 | |||||||
Deferred financing fees | 6.4 | 5.7 | |||||||
Income taxes receivable | 3.6 | 4.7 | |||||||
Other | 3 | 2.2 | |||||||
Total other current assets | $ | 63.9 | $ | 82.7 | |||||
TransUnion Corp | |||||||||
Other current assets consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Prepaid expenses | $ | 24.7 | $ | 33.8 | |||||
Deferred financing fees | 0.2 | — | |||||||
Deferred income tax assets | 4.7 | 18.9 | |||||||
Income taxes receivable | — | 3.8 | |||||||
Receivable from TransUnion Holding | 3.6 | — | |||||||
Other | 2.9 | 2.2 | |||||||
Total other current assets | $ | 36.1 | $ | 58.7 | |||||
The receivable from TransUnion Holding represents amounts advanced by TransUnion Corp to TransUnion Holding. This amount eliminates on the TransUnion Holding consolidated balance sheet but does not eliminate on the TransUnion Corp consolidated balance sheet. |
Other_Assets
Other Assets | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ' | ||||||||
Other Assets | ' | ||||||||
Other Assets | |||||||||
TransUnion Holding | |||||||||
Other assets consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||
Deferred financing fees | 30.2 | 34 | |||||||
Deposits | 14.8 | 6.3 | |||||||
Other | 0.8 | 0.9 | |||||||
Total other assets | $ | 135.5 | $ | 129.8 | |||||
TransUnion Corp | |||||||||
Other assets consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||
Deferred financing fees | 0.5 | — | |||||||
Deposits | 14.8 | 6.3 | |||||||
Other | 0.8 | 0.8 | |||||||
Total other assets | $ | 105.8 | $ | 95.7 | |||||
Investments_in_Affiliated_Comp
Investments in Affiliated Companies | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Investments in Affiliated Companies | ' | ||||||||||||||||
Investments in Affiliated Companies | |||||||||||||||||
Investments in affiliated companies represent our investment in non-consolidated domestic and foreign entities. These entities are in businesses similar to ours, such as credit reporting, credit scoring and credit monitoring services. All of the investments in affiliated companies are owned by TransUnion Corp. TransUnion Holding has no equity method investments other than the equity method investments owned by TransUnion Corp. These investments are included in other assets on the balance sheet. | |||||||||||||||||
We use the equity method to account for investments in affiliates where we have at least a 20% ownership interest or where we are able to exercise significant influence. For these investments, we adjust the carrying value for our proportionate share of the affiliates’ earnings, losses and distributions, as well as for purchases and sales of our ownership interest. | |||||||||||||||||
We use the cost method to account for all other nonmarketable investments. For these investments, we adjust the carrying value for purchases and sales of our ownership interests. | |||||||||||||||||
For all investments, we adjust the carrying value if we determine that an other-than-temporary impairment in value has occurred. There were no impairments of investments in affiliated companies taken in the nine months ended September 30, 2013 or 2012. | |||||||||||||||||
Investments in affiliated companies consisted of the following: | |||||||||||||||||
TransUnion Holding and | |||||||||||||||||
TransUnion Corp | |||||||||||||||||
Successor | |||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||
Total equity method investments | $ | 81.8 | $ | 80.7 | |||||||||||||
Total cost method investments | 7.9 | 7.9 | |||||||||||||||
Total investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||||||||||
Earnings from equity method investments, included in other income, and dividends received from equity method investments consisted of the following: | |||||||||||||||||
(in millions) | TransUnion | TransUnion | TransUnion | TransUnion Corp | |||||||||||||
Holding and | Holding | Corp Successor | Predecessor | ||||||||||||||
TransUnion | From the Date of | Five Months | Four Months | ||||||||||||||
Corp Successor | Inception through | Ended | Ended | ||||||||||||||
Nine Months | September 30, 2012 | September 30, 2012 | April 30, 2012 | ||||||||||||||
Ended | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Earnings from equity method investments | $ | 10.3 | $ | 5.3 | $ | 5.3 | $ | 4.1 | |||||||||
Dividends received from equity method investments | $ | 9.4 | $ | 8.3 | $ | 8.3 | $ | 0.4 | |||||||||
Under SEC Regulation S-X, Rule 4-08(g), our investments in TransUnion de Mexico, S.A. and Credit Information Bureau (India) Ltd. are considered significant equity method investments for TransUnion Holding, but not for TransUnion Corp. The summarized financial information for the significant equity method investments of TransUnion Holding required by SEC Regulation S-X, Rule 1-02(bb)(2) consisted of the following: | |||||||||||||||||
(in millions) | Nine Months Ended September 30, 2013 | ||||||||||||||||
Revenue | $ | 72.3 | |||||||||||||||
Operating Income | $ | 34.5 | |||||||||||||||
Income from continuing operations | $ | 28.7 | |||||||||||||||
Net income | $ | 28.7 | |||||||||||||||
Other_Current_Liabilities
Other Current Liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Other Current Liabilities | ' | ||||||||
Other Current Liabilities | |||||||||
TransUnion Holding | |||||||||
Other current liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Accrued payroll | $ | 56.9 | $ | 64.2 | |||||
Accrued interest | 35.1 | 25.8 | |||||||
Deferred revenue | 8.4 | 12.5 | |||||||
Accrued employee benefits | 10.1 | 10.6 | |||||||
Accrued liabilities | 6.4 | 5.6 | |||||||
Other | 13.8 | 10.6 | |||||||
Total other current liabilities | $ | 130.7 | $ | 129.3 | |||||
TransUnion Corp | |||||||||
Other current liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Accrued payroll | $ | 56.9 | $ | 64.2 | |||||
Accrued interest | 23.2 | 3.7 | |||||||
Income taxes payable | 9.9 | — | |||||||
Deferred revenue | 8.4 | 12.5 | |||||||
Accrued liabilities | 6.4 | 5.6 | |||||||
Accrued employee benefits | 10.1 | 10.6 | |||||||
Other | 13.7 | 10.4 | |||||||
Total other current liabilities | $ | 128.6 | $ | 107 | |||||
Accrued interest increased $19.5 million from December 31, 2012, due to accrued interest on the TransUnion Corp bonds, which is paid each June and December. |
Other_liabilities
Other liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
Other liabilities | ' | ||||||||
Other liabilities | |||||||||
TransUnion Holding | |||||||||
Other liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income taxes | $ | 652.6 | $ | 657.5 | |||||
Retirement benefits | 9.8 | 10.6 | |||||||
Unrecognized tax benefits | 4.9 | 4.9 | |||||||
Other | 10.8 | 6.4 | |||||||
Total other liabilities | $ | 678.1 | $ | 679.4 | |||||
TransUnion Corp | |||||||||
Other liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income taxes | $ | 642.1 | $ | 645.8 | |||||
Retirement benefits | 9.8 | 10.6 | |||||||
Unrecognized tax benefits | 4.8 | 4.8 | |||||||
Other | 10.6 | 6.2 | |||||||
Total other liabilities | $ | 667.3 | $ | 667.4 | |||||
Debt
Debt | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||
Debt | ' | |||||||||||||||||||||
Debt | ||||||||||||||||||||||
Debt outstanding consisted of the following: | ||||||||||||||||||||||
TransUnion | TransUnion | |||||||||||||||||||||
Holding | Corp | |||||||||||||||||||||
Successor | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Senior secured term loan, payable in quarterly installments through February 10, 2019, including variable interest (4.25% at September 30, 2013) at LIBOR or alternate base rate, plus applicable margin | $ | 916.3 | $ | 923.4 | $ | 916.3 | $ | 923.4 | ||||||||||||||
Senior secured revolving line of credit, due on February 10, 2017, variable interest (4.63% weighted average at September 30, 2013) at LIBOR or alternate base rate, plus applicable margin | 65 | — | 65 | — | ||||||||||||||||||
11.375% notes—senior notes, principal due June 15, 2018, semi-annual interest payments, 11.375% fixed interest per annum, includes unamortized fair value adjustment at September 30, 2013 of $100.5 | 745.5 | 758.4 | 745.5 | 758.4 | ||||||||||||||||||
9.625% notes—senior unsecured PIK toggle notes, principal due June 15, 2018, semi-annual interest payments, 9.625% fixed interest per annum | 600 | 600 | — | — | ||||||||||||||||||
8.125% notes—senior unsecured PIK toggle notes, principal due June 15, 2018, semi-annual interest payments, 8.125% fixed interest per annum, includes original issuance discount at September 30, 2013 of $1.8 | 398.2 | 398 | — | — | ||||||||||||||||||
Note payable for 2011 acquisition, payable in annual installments through April 15, 2013, excluding imputed interest of 10.0% | — | 0.9 | — | 0.9 | ||||||||||||||||||
Capital lease obligations | 1.6 | 0.2 | 1.6 | 0.2 | ||||||||||||||||||
Total debt | $ | 2,726.60 | $ | 2,680.90 | $ | 1,728.40 | $ | 1,682.90 | ||||||||||||||
Less short-term debt and current portion of long-term debt | (76.1 | ) | (10.6 | ) | (76.1 | ) | (10.6 | ) | ||||||||||||||
Total long-term debt | $ | 2,650.50 | $ | 2,670.30 | $ | 1,652.30 | $ | 1,672.30 | ||||||||||||||
Interest expense consisted of the following: | ||||||||||||||||||||||
(in millions) | TransUnion | TransUnion | TransUnion | TransUnion | TransUnion | |||||||||||||||||
Holding | Holding | Corp | Corp | Corp | ||||||||||||||||||
Nine Months | From | Successor | Successor | Predecessor | ||||||||||||||||||
Ended | Inception | Nine Months | Five | Four | ||||||||||||||||||
September 30, | Date | Ended | Months | Months | ||||||||||||||||||
2013 | Through | September 30, | Ended | Ended | ||||||||||||||||||
September 30, | 2013 | September 30, | April 30, | |||||||||||||||||||
2012 | 2012 | 2012 | ||||||||||||||||||||
Senior secured term loan | $ | 33 | $ | 21.9 | $ | 33 | $ | 21.9 | $ | 15.6 | ||||||||||||
Senior secured revolving line of credit | 0.2 | — | 0.2 | — | — | |||||||||||||||||
11.375% notes | 42.1 | 24 | 42.1 | 24 | 25.1 | |||||||||||||||||
9.625% notes | 46.6 | 31.4 | — | — | — | |||||||||||||||||
8.125 % notes | 25.5 | — | — | — | — | |||||||||||||||||
Other | 0.7 | 0.1 | 0.6 | 0.1 | (0.2 | ) | ||||||||||||||||
Total interest | $ | 148.1 | $ | 77.4 | $ | 75.9 | $ | 46 | $ | 40.5 | ||||||||||||
TransUnion Holding | ||||||||||||||||||||||
9.625% Notes | ||||||||||||||||||||||
In connection with the acquisition of TransUnion Corp, on March 21, 2012, TransUnion Holding issued $600.0 million principal amount of 9.625%/10.375% senior unsecured PIK toggle notes (“9.625% notes”) due June 15, 2018, in a private placement to certain investors. Pursuant to a registration rights agreement, these notes were subsequently registered with the SEC. TransUnion Holding is required to pay interest on the 9.625% notes in cash unless certain conditions described in the indenture governing the notes are satisfied, in which case the TransUnion Holding will be entitled to pay interest for such period by increasing the principal amount of the notes or by issuing new notes (such increase being referred to as “PIK,” or paid-in-kind interest) to the extent described in the indenture. | ||||||||||||||||||||||
The indenture governing the 9.625% notes contains nonfinancial covenants that include restrictions on our ability to pay dividends or distributions, repurchase equity, prepay junior debt, make certain investments, incur additional debt, issue certain stock, incur liens on property, merge, consolidate or sell certain assets, enter into transactions with affiliates, and allow to exist certain restrictions on the ability of subsidiaries to pay dividends or make other payments to TransUnion Holding. We are in compliance with all covenants under the indenture. | ||||||||||||||||||||||
8.125% Notes | ||||||||||||||||||||||
On November 1, 2012, TransUnion Holding issued $400.0 million principal amount of 8.125%/8.875% senior unsecured PIK toggle notes (“8.125% notes”) due June 15, 2018, at an offering price of 99.5% in a private placement to certain investors. Pursuant to a registration rights agreement, these notes were subsequently registered with the SEC. TransUnion Holding is required to pay interest on the 8.125% notes in cash unless certain conditions described in the indenture governing the notes are satisfied, in which case TransUnion Holding will be entitled to pay interest for such period by increasing the principal amount of the notes or by issuing new notes to the extent described in the indenture. | ||||||||||||||||||||||
The indenture governing the 8.125% notes and the nonfinancial covenants are substantially identical to those governing the 9.625% notes. We are in compliance with all covenants under the indenture. | ||||||||||||||||||||||
TransUnion Corp | ||||||||||||||||||||||
Senior Secured Credit Facility | ||||||||||||||||||||||
TransUnion LLC entered into a senior secured credit facility with various lenders that consists of a seven-year $950.0 million senior secured term loan and a $210.0 million senior secured revolving line of credit. Interest rates on the borrowings are based on the London Interbank Offered Rate (“LIBOR”) unless otherwise elected. On February 5, 2013, TransUnion LLC signed amendment No. 4 to its senior secured credit facility, which became effective March 1, 2013 and expensed $2.4 million of related loan fees. The amendment, among other things, lowered the floor on the term loan from 1.50% to 1.25%, lowered the margin on the term loan from 4.00% to 3.00%, extended the term loan maturity date one year to February 2019, delayed the first required excess cash payments until 2014, and relaxed certain covenant requirements. | ||||||||||||||||||||||
With certain exceptions, the obligations are secured by a first-priority security interest in substantially all of the assets of Trans Union LLC, including its investments in subsidiaries. The credit facility contains various restrictions and nonfinancial covenants, along with a senior secured net leverage ratio test that only applies to periods in which we have outstanding amounts borrowed against the revolving line of credit. The nonfinancial covenants include restrictions on dividends, investments, dispositions, future borrowings and other specified payments, as well as additional reporting and disclosure requirements. The credit facility restrictions and covenants exclude any impact of the purchase accounting fair value adjustments or the increased amortization expense resulting from the 2012 Change in Control Transaction. On September 3, 2013, we borrowed $65.0 million against the senior secured revolving line of credit to partially fund the eScan acquisition. As of September 30, 2013, the entire $65.0 million borrowed against the senior secured revolving line of credit remained outstanding, and our senior secured net leverage ratio was 2.01 to 1. We are in compliance with all of the covenants under the credit facility. | ||||||||||||||||||||||
On April 30, 2012, we entered into swap agreements that effectively fixed the interest payments on a portion of the term loan at 2.033%, plus the applicable margin, beginning March 28, 2013. Under the swap agreements, which we have designated as cash flow hedges, we pay a fixed rate of interest of 2.033% and receive a variable rate of interest equal to the greater of 1.50% or the 3-month LIBOR. The net amount to be paid or received is recorded as an adjustment to interest expense. The change in fair value of the swap instrument is recorded in other comprehensive income (loss), net of tax, in the consolidated statements of comprehensive income to the extent the hedge is effective, and in other income and expense in the consolidated statements of income to the extent the hedge is ineffective. The total notional amount of the swaps at September 30, 2013 was $475.0 million and is scheduled to decrease as scheduled principal payments are made on the term loan. The total fair value of the swap instruments as of September 30, 2013, was a liability of $1.8 million and was included in other liabilities on our consolidated balance sheet. The net of tax unrealized loss on the swap instruments as of September 30, 2013, of $1.1 million was included in accumulated other comprehensive income (loss). For the three and nine months ended September 30, 2013, there was no ineffectiveness recorded in the statement of income. The cash flows on the hedge instrument began on June 28, 2013. We do not currently expect to elect a non-LIBOR loan or to pay down our term loan below the notional amount of the swaps in the next 12 months. | ||||||||||||||||||||||
11.375% Notes | ||||||||||||||||||||||
In connection with the 2010 Change in Control Transaction, on June 15, 2010, Trans Union LLC and its wholly-owned subsidiary TransUnion Financing Corporation, issued $645.0 million of senior 11.375% notes (“11.375% notes”) due June 15, 2018. The 11.375% notes are guaranteed by TransUnion Corp and certain wholly owned domestic subsidiaries of TransUnion LLC. Pursuant to a registration rights agreement, these notes were subsequently registered with the SEC. As a result of the 2012 Change in Control Transaction, a purchase accounting fair value adjustment increase of $124.2 million was allocated to the senior notes and is being amortized. The indenture governing the 11.375% notes contains nonfinancial covenants that include restrictions on dividends, investments, dispositions, future borrowings and other specified payments, as well as additional reporting and disclosure requirements. The covenants exclude the impact of the purchase accounting fair value adjustment and the increased amortization expense resulting from the 2012 Change in Control Transaction. We are in compliance with all covenants under the indenture. | ||||||||||||||||||||||
Fair Value of Debt | ||||||||||||||||||||||
The estimated fair values of our 9.625%, 8.125% and 11.375% notes as of September 30, 2013, were $652.5 million, $424.0 million and $718.4 million, respectively, compared to book values of $600.0 million, $398.2 million and $745.5 million, respectively. The fair value of these fixed-rate notes, as determined under Level 2 of the fair-value hierarchy, is measured using quoted market prices. The book value of our variable-rate debt approximates its fair value. The estimated fair value of our debt may not represent the actual settlement value due to redemption premiums and prepayment penalties that we may incur in connection with extinguishing our debt before its stated maturity. |
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
On January 2, 2013, the look-through rule under subpart F of the U.S. Internal Revenue Code was retroactively reinstated to January 1, 2012. Consequently, in the first quarter of 2013, we reversed the tax expense we recorded for Subpart F income in 2012 due to the expiration of the look-through rule, resulting in a $4.6 million deferred tax benefit. We also recorded a $5.5 million deferred tax expense under ASC 740-30 for the effect that retroactively reinstating the look-through rule had on our deferred tax liability for pre-acquisition unremitted earnings accumulated as of April 30, 2012. | |
TransUnion Holding | |
For the three months ended September 30, 2013, the effective tax rate of 156% was higher than the 35% U.S. federal statutory rate due primarily to interim tax expense under ASC 740-270. For the three months ended September 30, 2012, the effective tax rate of 27.8% was lower than the 35% U.S. federal statutory rate due primarily to a favorable tax rate differential on the company’s foreign earnings. | |
For the nine months ended September 30, 2013, the effective tax rate was not meaningful as we recognized tax expense on a loss from operations due primarily to interim tax expense under ASC 740-270. From the date of inception through September 30, 2012, the effective tax rate of 52.6% was higher than the 35% U.S. federal statutory rate due primarily to the lapse of the look-through rule and non-deductible transaction costs related to the 2012 Change in Control Transaction, partially offset by a favorable tax rate differential on the company’s foreign earnings. | |
The total amount of unrecognized tax benefits as of September 30, 2013, and December 31, 2012, was $4.9 million and $4.9 million, respectively. These same amounts would affect the effective tax rate, if recognized. The accrued interest payable for taxes as of September 30, 2013, and December 31, 2012, was $0.6 million and $0.5 million, respectively. There was no significant liability for tax penalties as of September 30, 2013, or December 31, 2012. We are regularly audited by federal, state and foreign taxing authorities. Given the uncertainties inherent in the audit process, it is reasonably possible that certain audits could result in a significant increase or decrease in the total amounts of unrecognized tax benefits. | |
TransUnion Corp | |
For the three months ended September 30, 2013, the effective tax rate of 28.3% was lower than the 35% U.S. federal statutory rate due primarily to a reduction in state deferred tax expense. For the three months ended September 30, 2012, the effective tax rate of 32.4% was lower than the 35% U.S. federal statutory rate due primarily to a favorable tax rate differential on the company’s foreign earnings. | |
For the nine months ended September 30, 2013, the effective tax rate of 30.9% was lower than the 35% U.S. federal statutory rate due primarily to a favorable tax rate differential on the company’s foreign earnings. For TransUnion Corp Successor, the effective tax rate of 36.4% for the five months ended September 30, 2012, was higher than the 35% U.S. federal statutory rate due primarily to the lapse of the look-through rule and state taxes, partially offset by a favorable tax rate differential on the company’s foreign earnings. For the four months ended April 30, 2012, TransUnion Corp Predecessor reported a loss before income taxes. The effective tax benefit rate for this period of 18.0% was lower than the 35% U.S. federal statutory rate due primarily to the application of ASC 740-30 to our unremitted foreign earnings, the non-deductibility of certain costs incurred in connection with the 2012 Change in Control Transaction and limitations on our foreign tax credits. | |
The total amount of unrecognized tax benefits as of September 30, 2013, and December 31, 2012, was $4.8 million and $4.8 million, respectively. These same amounts would affect the effective tax rate, if recognized. The accrued interest payable for taxes as of September 30, 2013, and December 31, 2012, was $0.6 million and $0.5 million, respectively. There was no significant liability for tax penalties as of September 30, 2013 or December 31, 2012. We are regularly audited by federal, state and foreign taxing authorities. Given the uncertainties inherent in the audit process, it is reasonably possible that certain audits could result in a significant increase or decrease in the total amounts of unrecognized tax benefits. |
Operating_Segments
Operating Segments | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||
Operating Segments | ' | |||||||||||||||||||||||||
Operating Segments | ||||||||||||||||||||||||||
Operating segments are businesses for which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources. This segment financial information is reported on the basis that is used for the internal evaluation of operating performance. The accounting policies of the segments are the same as described in Note 1, “Significant Accounting and Reporting Policies.” | ||||||||||||||||||||||||||
We evaluate the performance of segments based on revenue and operating income. Intersegment sales and transfers have been eliminated and were not material. | ||||||||||||||||||||||||||
The following is a more detailed description of the three operating segments and the Corporate unit, which provides support services to each operating segment: | ||||||||||||||||||||||||||
U.S. Information Services | ||||||||||||||||||||||||||
U.S. Information Services (“USIS”) provides consumer reports, credit scores, verification services, analytical services and decisioning technology to businesses in the United States through both direct and indirect channels. These services are offered to customers in the financial services, insurance, healthcare and other markets. These business customers use our products and services to acquire new customers, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, manage fraud and determine and collect healthcare payments. This segment also provides mandated consumer services, including dispute investigations, free annual credit reports and other requirements of the United States Fair Credit Reporting Act (“FCRA”), the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”), and other credit-related legislation. | ||||||||||||||||||||||||||
International | ||||||||||||||||||||||||||
The International segment provides services similar to our USIS and Interactive segments to business customers outside the United States and automotive information and commercial data services to customers in select geographies. Depending on the maturity of the credit economy in each location, services may include credit reports, analytical and decision services, and risk management services. These services are offered to customers in a number of industries, including financial services, insurance, automotive, collections and communications, and are delivered through both direct and indirect channels. The International segment also provides consumer services similar to those offered in our Interactive segment, such as credit reports, credit scores and credit monitoring services. The two market groups in the International segment are developed markets, which includes Canada, Hong Kong and Puerto Rico, and emerging markets, which includes Africa, Latin America, India and other emerging markets in Asia Pacific. | ||||||||||||||||||||||||||
Interactive | ||||||||||||||||||||||||||
Interactive provides services to consumers, including credit reports, scores and credit and identity monitoring services, primarily through the internet. The majority of revenue is derived from both direct and indirect subscribers who pay a monthly fee for access to their credit report and score, and for alerts related to changes in their credit reports. | ||||||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||
Corporate provides shared services for the Company and conducts enterprise functions. Certain costs incurred in Corporate that are not directly attributable to one or more of the operating segments remain in Corporate. These costs are typically for enterprise-level functions and are primarily administrative in nature. | ||||||||||||||||||||||||||
Selected financial information consisted of the following: | ||||||||||||||||||||||||||
TransUnion Corp Successor | ||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(in millions) | Revenue | Operating | Revenue | Operating | ||||||||||||||||||||||
income | income | |||||||||||||||||||||||||
(loss) | (loss) | |||||||||||||||||||||||||
U.S. Information Services | $ | 188.3 | $ | 41.9 | $ | 186.1 | $ | 47.5 | ||||||||||||||||||
International | 60.6 | 9 | 59.8 | 9.9 | ||||||||||||||||||||||
Interactive | 50.6 | 16.7 | 45.8 | 20.4 | ||||||||||||||||||||||
Corporate | — | (17.9 | ) | — | (16.2 | ) | ||||||||||||||||||||
Total | $ | 299.5 | $ | 49.7 | $ | 291.7 | $ | 61.6 | ||||||||||||||||||
TransUnion Corp Successor | TransUnion Corp Predecessor | |||||||||||||||||||||||||
Nine Months Ended | Five Months Ended | Four Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | April 30, 2012 | ||||||||||||||||||||||||
(in millions) | Revenue | Operating | Revenue | Operating | Revenue | Operating | ||||||||||||||||||||
income | income | income | ||||||||||||||||||||||||
(loss) | (loss) | (loss) | ||||||||||||||||||||||||
U.S. Information Services | $ | 560 | $ | 122.2 | $ | 309.4 | $ | 80.8 | $ | 238.1 | $ | 33.2 | ||||||||||||||
International | 177.5 | 15.4 | 97.3 | 13 | 76.6 | 5.3 | ||||||||||||||||||||
Interactive | 153.3 | 48 | 75.9 | 31.4 | 58.3 | 13 | ||||||||||||||||||||
Corporate | — | (51.6 | ) | — | (26.7 | ) | — | (51.7 | ) | |||||||||||||||||
Total | $ | 890.8 | $ | 134 | $ | 482.6 | $ | 98.5 | $ | 373 | $ | (0.2 | ) | |||||||||||||
In addition, on a stand-alone, non-consolidated basis, TransUnion Holding incurred $0.4 million and $1.1 million of Corporate expenses for the three and nine months ended September 30, 2013, respectively, and $0.3 million and $0.7 million of Corporate expenses for the three months ended September 30, 2012 and from the date of inception through September 30, 2012, respectively. | ||||||||||||||||||||||||||
A reconciliation of operating income to income (loss) before income taxes for the periods ended as presented was as follows: | ||||||||||||||||||||||||||
TransUnion Corp Successor | TransUnion | |||||||||||||||||||||||||
Corp | ||||||||||||||||||||||||||
Predecessor | ||||||||||||||||||||||||||
(in millions) | Three | Three | Nine | Five | Four Months | |||||||||||||||||||||
Months | Months | Months | Months | Ended | ||||||||||||||||||||||
Ended | Ended | Ended | Ended | April 30, | ||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | 2012 | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Operating income (loss) from segments | $ | 49.7 | $ | 61.6 | $ | 134 | $ | 98.5 | $ | (0.2 | ) | |||||||||||||||
Non-operating income and expense | (22.5 | ) | (27.6 | ) | (72.1 | ) | (45.5 | ) | (63.7 | ) | ||||||||||||||||
Income (loss) before income taxes | $ | 27.2 | $ | 34 | $ | 61.9 | $ | 53 | $ | (63.9 | ) | |||||||||||||||
Earning from equity method investments included in other income and expense, net, for the periods presented was as follows: | ||||||||||||||||||||||||||
TransUnion Corp Successor | TransUnion | |||||||||||||||||||||||||
Corp | ||||||||||||||||||||||||||
Predecessor | ||||||||||||||||||||||||||
(in millions) | Three | Three | Nine | Five | Four Months | |||||||||||||||||||||
Months | Months | Months | Months | Ended | ||||||||||||||||||||||
Ended | Ended | Ended | Ended | April 30, | ||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | 2012 | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
U.S. Information Services | $ | 0.3 | $ | 0.4 | $ | 1.1 | $ | 0.7 | $ | 0.5 | ||||||||||||||||
International | 2.7 | 2.5 | 9.2 | 4.6 | 3.6 | |||||||||||||||||||||
Interactive | — | — | — | — | — | |||||||||||||||||||||
Total | $ | 3 | $ | 2.9 | $ | 10.3 | $ | 5.3 | $ | 4.1 | ||||||||||||||||
TransUnion Holding has no equity method investments other than the equity method investments owned by TransUnion Corp. |
Financial_Statements_of_Guaran
Financial Statements of Guarantors | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Financial Statements of Guarantors | ' | |||||||||||||||||||||||
Financial Statements of Guarantors | ||||||||||||||||||||||||
As discussed in Note 9, “Debt,” the obligations under the 11.375% notes are unsecured obligations of Trans Union LLC and TransUnion Financing Corporation. However they are guaranteed by TransUnion Corp and certain 100% owned domestic subsidiaries of Trans Union LLC. TransUnion Holding does not guarantee the 11.375% notes. The guarantees of the guarantors are joint, several, full and unconditional. The accompanying consolidating financial information presents the financial position, income statement, comprehensive income and cash flows of the parent guarantor, the issuers, the guarantor subsidiaries as a group, and the non-guarantor subsidiaries as a group. Each entity’s investments in its subsidiaries, if any, are presented under the equity method. The domestic tax provision and related taxes receivable and payable, and the domestic deferred tax assets and liabilities, are prepared on a consolidated basis and are not fully allocated to individual legal entities. As a result, the information presented is not intended to present the financial position or results of operations of those entities on a stand-alone basis. | ||||||||||||||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Balance Sheet – Successor (Unaudited) | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 22.6 | $ | — | $ | — | $ | 94.9 | $ | — | $ | 117.5 | ||||||||||||
Trade accounts receivable, net | — | 104.9 | 26.9 | 51.9 | — | 183.7 | ||||||||||||||||||
Due from affiliates | — | 10.7 | — | 58.3 | (69.0 | ) | — | |||||||||||||||||
Other current assets | (14.5 | ) | 43.9 | (0.4 | ) | 7.1 | — | 36.1 | ||||||||||||||||
Total current assets | 8.1 | 159.5 | 26.5 | 212.2 | (69.0 | ) | 337.3 | |||||||||||||||||
Property, plant and equipment, net | — | 98.6 | 8.2 | 18.4 | — | 125.2 | ||||||||||||||||||
Other marketable securities | — | 11.6 | — | — | — | 11.6 | ||||||||||||||||||
Goodwill | — | 1,145.60 | 199.9 | 509.9 | — | 1,855.40 | ||||||||||||||||||
Other intangibles, net | — | 1,560.80 | 135.7 | 185.7 | — | 1,882.20 | ||||||||||||||||||
Other assets | 1,624.50 | 1,093.90 | 2.5 | 49.2 | (2,664.3 | ) | 105.8 | |||||||||||||||||
Total assets | $ | 1,632.60 | $ | 4,070.00 | $ | 372.8 | $ | 975.4 | $ | (2,733.3 | ) | $ | 4,317.50 | |||||||||||
Liabilities and stockholders’ equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Trade accounts payable | $ | 0.1 | $ | 46.3 | $ | 22.5 | $ | 13.1 | $ | — | $ | 82 | ||||||||||||
Due to affiliates | 43.8 | — | 7.1 | — | (50.9 | ) | — | |||||||||||||||||
Short-term debt and current portion of long-term debt | — | 76.1 | — | 18 | (18.0 | ) | 76.1 | |||||||||||||||||
Other current liabilities | 15.6 | 81.9 | 5.7 | 25.4 | — | 128.6 | ||||||||||||||||||
Total current liabilities | 59.5 | 204.3 | 35.3 | 56.5 | (68.9 | ) | 286.7 | |||||||||||||||||
Long-term debt | — | 1,652.30 | — | 6.5 | (6.5 | ) | 1,652.30 | |||||||||||||||||
Other liabilities | (29.7 | ) | 585.5 | 32.7 | 78.8 | — | 667.3 | |||||||||||||||||
Total liabilities | 29.8 | 2,442.10 | 68 | 141.8 | (75.4 | ) | 2,606.30 | |||||||||||||||||
Redeemable noncontrolling interests | — | — | — | 18.5 | — | 18.5 | ||||||||||||||||||
Total TransUnion Corp. stockholders’ equity | 1,602.80 | 1,627.90 | 304.8 | 725.2 | (2,657.9 | ) | 1,602.80 | |||||||||||||||||
Noncontrolling interests | — | — | — | 89.9 | — | 89.9 | ||||||||||||||||||
Total stockholders’ equity | 1,602.80 | 1,627.90 | 304.8 | 815.1 | (2,657.9 | ) | 1,692.70 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 1,632.60 | $ | 4,070.00 | $ | 372.8 | $ | 975.4 | $ | (2,733.3 | ) | $ | 4,317.50 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Balance Sheet – Successor (Audited) | ||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 75.3 | $ | — | $ | — | $ | 79 | $ | — | $ | 154.3 | ||||||||||||
Trade accounts receivable, net | — | 98 | 19.5 | 46.1 | — | 163.6 | ||||||||||||||||||
Due from affiliates | 46.2 | 56.7 | (102.9 | ) | — | |||||||||||||||||||
Other current assets | (0.3 | ) | 52.7 | (0.7 | ) | 7 | — | 58.7 | ||||||||||||||||
Total current assets | 75 | 150.7 | 65 | 188.8 | (102.9 | ) | 376.6 | |||||||||||||||||
Property, plant and equipment, net | — | 95.8 | 7.8 | 17.6 | — | 121.2 | ||||||||||||||||||
Other marketable securities | — | 11.4 | — | — | — | 11.4 | ||||||||||||||||||
Goodwill | — | 961.6 | 324.6 | 518 | — | 1,804.20 | ||||||||||||||||||
Other intangibles, net | — | 1,629.60 | 75.8 | 206.2 | — | 1,911.60 | ||||||||||||||||||
Other assets | 1,611.80 | 1,235.20 | 2.2 | 42.4 | (2,795.9 | ) | 95.7 | |||||||||||||||||
Total assets | $ | 1,686.80 | $ | 4,084.30 | $ | 475.4 | $ | 973 | $ | (2,898.8 | ) | $ | 4,320.70 | |||||||||||
Liabilities and stockholders’ equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Trade accounts payable | $ | — | $ | 43.2 | $ | 18.9 | $ | 15.4 | $ | — | $ | 77.5 | ||||||||||||
Due to affiliates | 14.9 | 82.5 | — | — | (97.4 | ) | — | |||||||||||||||||
Short-term debt and current portion of long-term debt | — | 9.5 | — | 6.6 | (5.5 | ) | 10.6 | |||||||||||||||||
Other current liabilities | 7.9 | 68.4 | 7.2 | 23.5 | — | 107 | ||||||||||||||||||
Total current liabilities | 22.8 | 203.6 | 26.1 | 45.5 | (102.9 | ) | 195.1 | |||||||||||||||||
Long-term debt | — | 1,672.30 | — | 6.5 | (6.5 | ) | 1,672.30 | |||||||||||||||||
Other liabilities | (13.9 | ) | 589.6 | 2 | 89.7 | — | 667.4 | |||||||||||||||||
Total liabilities | 8.9 | 2,465.50 | 28.1 | 141.7 | (109.4 | ) | 2,534.80 | |||||||||||||||||
Redeemable noncontrolling interests | — | — | — | 14.7 | — | 14.7 | ||||||||||||||||||
Total TransUnion Corp. stockholders’ equity | 1,677.90 | 1,618.80 | 447.3 | 723.3 | (2,789.4 | ) | 1,677.90 | |||||||||||||||||
Noncontrolling interests | — | — | — | 93.3 | — | 93.3 | ||||||||||||||||||
Total stockholders’ equity | 1,677.90 | 1,618.80 | 447.3 | 816.6 | (2,789.4 | ) | 1,771.20 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 1,686.80 | $ | 4,084.30 | $ | 475.4 | $ | 973 | $ | (2,898.8 | ) | $ | 4,320.70 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 178.6 | $ | 69.4 | $ | 66.3 | $ | (14.8 | ) | $ | 299.5 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 78.6 | 28.9 | 18.5 | (10.1 | ) | 115.9 | |||||||||||||||||
Selling, general and administrative | — | 51.2 | 19.9 | 19.7 | (4.9 | ) | 85.9 | |||||||||||||||||
Depreciation and amortization | — | 37.7 | 4.5 | 5.8 | — | 48 | ||||||||||||||||||
Total operating expenses | — | 167.5 | 53.3 | 44 | (15.0 | ) | 249.8 | |||||||||||||||||
Operating income | — | 11.1 | 16.1 | 22.3 | 0.2 | 49.7 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (24.8 | ) | — | (0.3 | ) | 0.2 | (24.9 | ) | |||||||||||||||
Interest income | — | 0.2 | — | 0.8 | (0.2 | ) | 0.8 | |||||||||||||||||
Other income and (expense), net | 18.7 | 32.6 | — | (0.3 | ) | (49.4 | ) | 1.6 | ||||||||||||||||
Total non-operating income and expense | 18.7 | 8 | — | 0.2 | (49.4 | ) | (22.5 | ) | ||||||||||||||||
Income before income taxes | 18.7 | 19.1 | 16.1 | 22.5 | (49.2 | ) | 27.2 | |||||||||||||||||
Provision for income taxes | (1.2 | ) | (0.3 | ) | — | (6.2 | ) | — | (7.7 | ) | ||||||||||||||
Net income | 17.5 | 18.8 | 16.1 | 16.3 | (49.2 | ) | 19.5 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.0 | ) | — | (2.0 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 17.5 | $ | 18.8 | $ | 16.1 | $ | 14.3 | $ | (49.2 | ) | $ | 17.5 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 17.5 | $ | 18.8 | $ | 16.1 | $ | 16.3 | $ | (49.2 | ) | $ | 19.5 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (2.2 | ) | (2.2 | ) | — | (2.4 | ) | 4.4 | (2.4 | ) | ||||||||||||||
Net unrealized loss on hedges (net of tax at 36%) | (0.5 | ) | (0.5 | ) | — | — | 0.5 | (0.5 | ) | |||||||||||||||
Total other comprehensive loss, net of tax | (2.7 | ) | (2.7 | ) | — | (2.4 | ) | 4.9 | (2.9 | ) | ||||||||||||||
Comprehensive income | 14.8 | 16.1 | 16.1 | 13.9 | (44.3 | ) | 16.6 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (1.8 | ) | — | (1.8 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 14.8 | $ | 16.1 | $ | 16.1 | $ | 12.1 | $ | (44.3 | ) | $ | 14.8 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 535.2 | $ | 205.4 | $ | 195.3 | $ | (45.1 | ) | $ | 890.8 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 235.4 | 90.8 | 59.3 | (30.6 | ) | 354.9 | |||||||||||||||||
Selling, general and administrative | — | 158.5 | 59.1 | 61.1 | (15.3 | ) | 263.4 | |||||||||||||||||
Depreciation and amortization | — | 109 | 11.5 | 18 | — | 138.5 | ||||||||||||||||||
Total operating expenses | — | 502.9 | 161.4 | 138.4 | (45.9 | ) | 756.8 | |||||||||||||||||
Operating income | — | 32.3 | 44 | 56.9 | 0.8 | 134 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (75.9 | ) | 0.1 | (0.8 | ) | 0.7 | (75.9 | ) | |||||||||||||||
Interest income | — | 0.8 | — | 1.2 | (0.7 | ) | 1.3 | |||||||||||||||||
Other income and (expense), net | 43.9 | 87.7 | 1.6 | (0.5 | ) | (130.2 | ) | 2.5 | ||||||||||||||||
Total non-operating income and expense | 43.9 | 12.6 | 1.7 | (0.1 | ) | (130.2 | ) | (72.1 | ) | |||||||||||||||
Income before income taxes | 43.9 | 44.9 | 45.7 | 56.8 | (129.4 | ) | 61.9 | |||||||||||||||||
Provision for income taxes | (6.1 | ) | (0.8 | ) | (0.2 | ) | (12.0 | ) | — | (19.1 | ) | |||||||||||||
Net income | 37.8 | 44.1 | 45.5 | 44.8 | (129.4 | ) | 42.8 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (5.0 | ) | — | (5.0 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 37.8 | $ | 44.1 | $ | 45.5 | $ | 39.8 | $ | (129.4 | ) | $ | 37.8 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 37.8 | $ | 44.1 | $ | 45.5 | $ | 44.8 | $ | (129.4 | ) | $ | 42.8 | |||||||||||
Other comprehensive income (loss) | ||||||||||||||||||||||||
Foreign currency translation adjustment | (42.6 | ) | (42.6 | ) | — | (46.1 | ) | 85.2 | (46.1 | ) | ||||||||||||||
Net unrealized gain on hedges (net of tax at 36%) | 2.6 | 2.6 | — | — | (2.6 | ) | 2.6 | |||||||||||||||||
Total other comprehensive loss, net of tax | (40.0 | ) | (40.0 | ) | — | (46.1 | ) | 82.6 | (43.5 | ) | ||||||||||||||
Comprehensive income (loss) | (2.2 | ) | 4.1 | 45.5 | (1.3 | ) | (46.8 | ) | (0.7 | ) | ||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (1.5 | ) | — | (1.5 | ) | ||||||||||||||||
Comprehensive income (loss) attributable to TransUnion Corp. | $ | (2.2 | ) | $ | 4.1 | $ | 45.5 | $ | (2.8 | ) | $ | (46.8 | ) | $ | (2.2 | ) | ||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 178.6 | $ | 61.1 | $ | 66.1 | $ | (14.1 | ) | $ | 291.7 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 73.7 | 27.4 | 19.7 | (9.3 | ) | 111.5 | |||||||||||||||||
Selling, general and administrative | — | 49.6 | 13.2 | 17.8 | (5.1 | ) | 75.5 | |||||||||||||||||
Depreciation and amortization | — | 35.5 | 1.6 | 6 | — | 43.1 | ||||||||||||||||||
Total operating expenses | — | 158.8 | 42.2 | 43.5 | (14.4 | ) | 230.1 | |||||||||||||||||
Operating income | — | 19.8 | 18.9 | 22.6 | 0.3 | 61.6 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (27.7 | ) | — | — | 0.1 | (27.6 | ) | ||||||||||||||||
Interest income | — | 0.1 | — | 0.6 | (0.1 | ) | 0.6 | |||||||||||||||||
Other income and (expense), net | 27.6 | 36 | 0.1 | (3.1 | ) | (61.2 | ) | (0.6 | ) | |||||||||||||||
Total non-operating income and expense | 27.6 | 8.4 | 0.1 | (2.5 | ) | (61.2 | ) | (27.6 | ) | |||||||||||||||
Income before income taxes | 27.6 | 28.2 | 19 | 20.1 | (60.9 | ) | 34 | |||||||||||||||||
Provision for income taxes | (6.8 | ) | (0.5 | ) | (0.2 | ) | (3.5 | ) | — | (11.0 | ) | |||||||||||||
Net income | 20.8 | 27.7 | 18.8 | 16.6 | (60.9 | ) | 23 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.2 | ) | — | (2.2 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 20.8 | $ | 27.7 | $ | 18.8 | $ | 14.4 | $ | (60.9 | ) | $ | 20.8 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 20.8 | $ | 27.7 | $ | 18.8 | $ | 16.6 | $ | (60.9 | ) | $ | 23 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (1.3 | ) | (1.3 | ) | — | (1.2 | ) | 2.6 | (1.2 | ) | ||||||||||||||
Net unrealized loss on hedges (net of tax at 36%) | (1.4 | ) | (1.4 | ) | — | — | 1.4 | (1.4 | ) | |||||||||||||||
Total other comprehensive loss, net of tax | (2.7 | ) | (2.7 | ) | — | (1.2 | ) | 4 | (2.6 | ) | ||||||||||||||
Comprehensive income | 18.1 | 25 | 18.8 | 15.4 | (56.9 | ) | 20.4 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.3 | ) | — | (2.3 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 18.1 | $ | 25 | $ | 18.8 | $ | 13.1 | $ | (56.9 | ) | $ | 18.1 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Month Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 295.5 | $ | 103.5 | $ | 109.8 | $ | (26.2 | ) | $ | 482.6 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 125.4 | 45.5 | 32.8 | (17.5 | ) | 186.2 | |||||||||||||||||
Selling, general and administrative | 0.1 | 80.8 | 24.4 | 29.7 | (9.2 | ) | 125.8 | |||||||||||||||||
Depreciation and amortization | — | 59.2 | 4.8 | 8.1 | — | 72.1 | ||||||||||||||||||
Total operating expenses | 0.1 | 265.4 | 74.7 | 70.6 | (26.7 | ) | 384.1 | |||||||||||||||||
Operating income (loss) | (0.1 | ) | 30.1 | 28.8 | 39.2 | 0.5 | 98.5 | |||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (46.0 | ) | — | (0.1 | ) | 0.1 | (46.0 | ) | |||||||||||||||
Interest income | — | 0.1 | — | 0.7 | (0.1 | ) | 0.7 | |||||||||||||||||
Other income and (expense), net | 41.7 | 58.3 | — | (3.3 | ) | (96.9 | ) | (0.2 | ) | |||||||||||||||
Total non-operating income and expense | 41.7 | 12.4 | — | (2.7 | ) | (96.9 | ) | (45.5 | ) | |||||||||||||||
Income before income taxes | 41.6 | 42.5 | 28.8 | 36.5 | (96.4 | ) | 53 | |||||||||||||||||
Provision for income taxes | (11.2 | ) | (0.5 | ) | (0.2 | ) | (7.4 | ) | — | (19.3 | ) | |||||||||||||
Net income | 30.4 | 42 | 28.6 | 29.1 | (96.4 | ) | 33.7 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (3.3 | ) | — | (3.3 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 30.4 | $ | 42 | $ | 28.6 | $ | 25.8 | $ | (96.4 | ) | $ | 30.4 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Month Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 30.4 | $ | 42 | $ | 28.6 | $ | 29.1 | $ | (96.4 | ) | $ | 33.7 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (6.9 | ) | (6.9 | ) | — | (7.6 | ) | 13.8 | (7.6 | ) | ||||||||||||||
Net Unrealized loss on hedges (net of tax at 36%) | (3.4 | ) | (3.4 | ) | — | — | 3.4 | (3.4 | ) | |||||||||||||||
Total other comprehensive income, net of tax | (10.3 | ) | (10.3 | ) | — | (7.6 | ) | 17.2 | (11.0 | ) | ||||||||||||||
Comprehensive income | 20.1 | 31.7 | 28.6 | 21.5 | (79.2 | ) | 22.7 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.6 | ) | — | (2.6 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 20.1 | $ | 31.7 | $ | 28.6 | $ | 18.9 | $ | (79.2 | ) | $ | 20.1 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 228.7 | $ | 82.5 | $ | 84.6 | $ | (22.8 | ) | $ | 373 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 122.6 | 36.1 | 29.6 | (16.3 | ) | 172 | |||||||||||||||||
Selling, general and administrative | 0.1 | 120 | 30.5 | 28.3 | (6.9 | ) | 172 | |||||||||||||||||
Depreciation and amortization | — | 19.8 | 5.9 | 3.5 | — | 29.2 | ||||||||||||||||||
Total operating expenses | 0.1 | 262.4 | 72.5 | 61.4 | (23.2 | ) | 373.2 | |||||||||||||||||
Operating income (loss) | (0.1 | ) | (33.7 | ) | 10 | 23.2 | 0.4 | (0.2 | ) | |||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | (0.3 | ) | (40.2 | ) | — | (0.3 | ) | 0.3 | (40.5 | ) | ||||||||||||||
Interest income | 0.3 | 0.3 | — | 0.3 | (0.3 | ) | 0.6 | |||||||||||||||||
Other income and (expense), net | (72.7 | ) | 23.4 | — | (0.4 | ) | 25.9 | (23.8 | ) | |||||||||||||||
Total non-operating income and expense | (72.7 | ) | (16.5 | ) | — | (0.4 | ) | 25.9 | (63.7 | ) | ||||||||||||||
Income (loss) before income taxes | (72.8 | ) | (50.2 | ) | 10 | 22.8 | 26.3 | (63.9 | ) | |||||||||||||||
Provision for income taxes | 17.9 | (1.6 | ) | — | (4.8 | ) | — | 11.5 | ||||||||||||||||
Net income (loss) | (54.9 | ) | (51.8 | ) | 10 | 18 | 26.3 | (52.4 | ) | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.5 | ) | — | (2.5 | ) | ||||||||||||||||
Net income (loss) attributable to TransUnion Corp. | $ | (54.9 | ) | $ | (51.8 | ) | $ | 10 | $ | 15.5 | $ | 26.3 | $ | (54.9 | ) | |||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income (loss) | $ | (54.9 | ) | $ | (51.8 | ) | $ | 10 | $ | 18 | $ | 26.3 | $ | (52.4 | ) | |||||||||
Other comprehensive income, net of tax | ||||||||||||||||||||||||
Foreign currency translation adjustment | 2.2 | 2.2 | — | 2.5 | (4.4 | ) | 2.5 | |||||||||||||||||
Total other comprehensive income, net of tax | 2.2 | 2.2 | — | 2.5 | (4.4 | ) | 2.5 | |||||||||||||||||
Comprehensive income (loss) | (52.7 | ) | (49.6 | ) | 10 | 20.5 | 21.9 | (49.9 | ) | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.8 | ) | — | (2.8 | ) | ||||||||||||||||
Comprehensive income (loss) attributable to TransUnion Corp. | $ | (52.7 | ) | $ | (49.6 | ) | $ | 10 | $ | 17.7 | $ | 21.9 | $ | (52.7 | ) | |||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Successor (Unaudited) | ||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | 25.3 | $ | (6.8 | ) | $ | 110.5 | $ | 57.7 | $ | — | $ | 186.7 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (38.3 | ) | (9.7 | ) | (6.1 | ) | — | (54.1 | ) | ||||||||||||||
Proceeds from sale of trading securities | — | 2.2 | — | — | — | 2.2 | ||||||||||||||||||
Investments in trading securities | — | (1.7 | ) | — | — | — | (1.7 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | (104.2 | ) | (31.6 | ) | — | (135.8 | ) | |||||||||||||||
Proceeds from sale of other assets | — | 0.9 | 3.2 | 0.1 | — | 4.2 | ||||||||||||||||||
Issuance of intercompany notes | — | (32.0 | ) | — | — | 32 | — | |||||||||||||||||
Proceeds from repayment of intercompany notes | — | 19.5 | — | — | (19.5 | ) | — | |||||||||||||||||
Acquisition related deposits | (9.0 | ) | (9.0 | ) | ||||||||||||||||||||
Other | — | — | 0.2 | 1.5 | — | 1.7 | ||||||||||||||||||
Cash used in investing activities | — | (49.4 | ) | (110.5 | ) | (45.1 | ) | 12.5 | (192.5 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from senior secured credit facility | — | 923.4 | — | — | — | 923.4 | ||||||||||||||||||
Extinguishment of senior secured credit facility | — | (923.4 | ) | — | — | — | (923.4 | ) | ||||||||||||||||
Proceeds from senior secured revolving line of credit | — | 65 | — | — | — | 65 | ||||||||||||||||||
Repayments of debt | — | (7.6 | ) | — | (1.1 | ) | — | (8.7 | ) | |||||||||||||||
Proceeds from capital lease | — | 2 | — | — | — | 2 | ||||||||||||||||||
Debt financing fees | — | (3.2 | ) | — | — | — | (3.2 | ) | ||||||||||||||||
Dividends to TransUnion Holding | (78.0 | ) | — | — | — | — | (78.0 | ) | ||||||||||||||||
Proceeds from intercompany notes | — | — | — | 32 | (32.0 | ) | — | |||||||||||||||||
Repayment of intercompany notes | — | — | — | (19.5 | ) | 19.5 | — | |||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (2.8 | ) | — | (2.8 | ) | ||||||||||||||||
Cash provided by (used in) financing activities | (78.0 | ) | 56.2 | — | 8.6 | (12.5 | ) | (25.7 | ) | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (5.3 | ) | — | (5.3 | ) | ||||||||||||||||
Net change in cash and cash equivalents | (52.7 | ) | — | — | 15.9 | — | (36.8 | ) | ||||||||||||||||
Cash and cash equivalents, beginning of period | 75.3 | — | — | 79 | — | 154.3 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 22.6 | $ | — | $ | — | $ | 94.9 | $ | — | $ | 117.5 | ||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by operating activities | $ | 24.1 | $ | 28 | $ | 4.4 | $ | 20.6 | $ | — | $ | 77.1 | ||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (19.0 | ) | (4.4 | ) | (2.8 | ) | — | (26.2 | ) | ||||||||||||||
Investments in trading securities | — | (0.3 | ) | — | — | — | (0.3 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | — | (10.5 | ) | — | (10.5 | ) | ||||||||||||||||
Proceeds from notes receivable | — | — | — | 3.9 | (3.9 | ) | — | |||||||||||||||||
Other | — | — | — | (1.5 | ) | — | (1.5 | ) | ||||||||||||||||
Cash used in investing activities | — | (19.3 | ) | (4.4 | ) | (10.9 | ) | (3.9 | ) | (38.5 | ) | |||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayments of debt | — | (8.7 | ) | — | — | 3.9 | (4.8 | ) | ||||||||||||||||
Change in control transaction fees | (0.3 | ) | — | — | — | — | (0.3 | ) | ||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (2.1 | ) | — | (2.1 | ) | ||||||||||||||||
Cash used in financing activities | (0.3 | ) | (8.7 | ) | — | (2.1 | ) | 3.9 | (7.2 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (0.6 | ) | — | (0.6 | ) | ||||||||||||||||
Net change in cash and cash equivalents | 23.8 | — | — | 7 | — | 30.8 | ||||||||||||||||||
Cash and cash equivalents, beginning of period | 35.2 | — | — | 61.2 | — | 96.4 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 59 | $ | — | $ | — | $ | 68.2 | $ | — | $ | 127.2 | ||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | 34.8 | $ | (3.5 | ) | $ | 4.5 | $ | 16.5 | $ | 0.1 | $ | 52.4 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (15.6 | ) | (3.6 | ) | (1.2 | ) | — | (20.4 | ) | ||||||||||||||
Proceeds from sale of trading securities | — | 1.1 | — | — | — | 1.1 | ||||||||||||||||||
Investments in trading securities | — | (1.1 | ) | — | — | — | (1.1 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | — | (0.1 | ) | — | (0.1 | ) | ||||||||||||||||
Proceeds from notes receivable | — | 22.6 | — | — | (22.6 | ) | — | |||||||||||||||||
Issuance of notes receivable | — | — | — | (4.1 | ) | 4.1 | — | |||||||||||||||||
Proceeds from sale of other assets | — | — | 0.2 | — | — | 0.2 | ||||||||||||||||||
Other | — | — | (0.3 | ) | 1 | — | 0.7 | |||||||||||||||||
Cash provided by (used in) investing activities | — | 7 | (3.7 | ) | (4.4 | ) | (18.5 | ) | (19.6 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayments of debt | (10.3 | ) | (2.5 | ) | (0.9 | ) | (23.5 | ) | 22.6 | (14.6 | ) | |||||||||||||
Debt financing fees | — | (6.1 | ) | — | — | — | (6.1 | ) | ||||||||||||||||
Distribution of merger consideration | (1.3 | ) | — | — | — | — | (1.3 | ) | ||||||||||||||||
Change in control transaction fees | (20.9 | ) | — | — | — | — | (20.9 | ) | ||||||||||||||||
Proceeds from issuance of debt | — | 4.1 | — | — | (4.1 | ) | — | |||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (0.4 | ) | — | (0.4 | ) | ||||||||||||||||
Other | (1.7 | ) | — | — | 0.1 | (0.1 | ) | (1.7 | ) | |||||||||||||||
Cash used in financing activities | (34.2 | ) | (4.5 | ) | (0.9 | ) | (23.8 | ) | 18.4 | (45.0 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | 0.8 | — | 0.8 | ||||||||||||||||||
Net change in cash and cash equivalents | 0.6 | (1.0 | ) | (0.1 | ) | (10.9 | ) | — | (11.4 | ) | ||||||||||||||
Cash and cash equivalents, beginning of period | 34.6 | 1 | 0.1 | 72.1 | — | 107.8 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 35.2 | $ | — | $ | — | $ | 61.2 | $ | — | $ | 96.4 | ||||||||||||
Significant_Accounting_and_Rep1
Significant Accounting and Reporting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
This Quarterly Report on Form 10-Q is a combined report being filed separately by TransUnion Holding Company, Inc. (“TransUnion Holding”) and TransUnion Corp. (“TransUnion Corp), a direct 100% owned subsidiary of TransUnion Holding. Unless the context indicates otherwise, any reference in this report to “Company,” “we,” “us,” and “our” refers to TransUnion Holding and its direct and indirect subsidiaries, including TransUnion Corp, or to TransUnion Corp and its subsidiaries for periods prior to the formation of TransUnion Holding. Each registrant included herein is filing on its own behalf all of the information contained in this quarterly report that pertains to such registrant. When appropriate, TransUnion Holding and TransUnion Corp are named explicitly for their specific related disclosures. Each registrant included herein is not filing any information that does not relate to such registrant and, therefore, makes no representation as to any such information. Where the information provided is substantially the same for both Companies, such information has been combined in this Quarterly Report on Form 10-Q. Where information is not substantially the same for both Companies, we have provided separate information. In addition, separate financial statements for each Company are included in Part I, Item 1, “Financial Statements.” | |
The accompanying unaudited consolidated financial statements of TransUnion Holding and TransUnion Corp have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair presentation have been included. All significant intercompany transactions and balances have been eliminated. Operating results of TransUnion Holding and TransUnion Corp for the periods presented are not necessarily indicative of the results that may be expected for the full year ending December 31, 2013. These unaudited consolidated financial statements should be read in conjunction with the audited financial statements of TransUnion Holding and TransUnion Corp as of and for the period ended December 31, 2012, included in our Annual Report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission (“SEC”) on February 25, 2013. | |
2012 Change in Control Transaction | ' |
2012 Change in Control Transaction | |
TransUnion Holding was formed by affiliates of Advent International Corporation (“Advent”) and Goldman Sachs & Co. (“GSC”) on February 15, 2012 as a vehicle to acquire 100% of the outstanding common stock of TransUnion Corp. On April 30, 2012, pursuant to an Agreement and Plan of Merger, TransUnion Holding acquired TransUnion Corp. To partially fund the acquisition, TransUnion Holding issued $600.0 million aggregate principal amount of 9.625%/10.375% senior PIK toggle notes due 2018 (9.625% notes). We refer to these transactions collectively as the “2012 Change in Control Transaction.” | |
The 2012 Change in Control Transaction was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. The guidance prescribes that the basis of the assets acquired and liabilities assumed be recorded at fair value on the acquirer’s books to reflect the purchase price. Under the guidance provided by the SEC Staff Accounting Bulletin Topic 5J, “New Basis of Accounting Required in Certain Circumstances,” the fair value adjustments of the assets acquired and liabilities assumed have also been pushed-down and recorded on TransUnion Corp’s books. | |
TransUnion Corp continues to operate as the same legal entity subsequent to the 2012 Change in Control Transaction. On TransUnion Corp’s financial statements, periods prior to May 1, 2012, reflect the financial position, results of operations, and changes in financial position of TransUnion Corp prior to the 2012 Change in Control Transaction (referred to herein as the “Predecessor”) and periods after April 30, 2012, reflect the financial position, results of operations, and changes in financial position of TransUnion Corp after the 2012 Change in Control Transaction (referred to herein as the “Successor”). Periods after the 2012 Change in Control Transaction are not comparable to prior periods due primarily to additional amortization of intangibles resulting from the fair value adjustments of the assets acquired and liabilities assumed. | |
Principles of Consolidation | ' |
Principles of Consolidation | |
The consolidated financial statements of TransUnion Holding include the accounts of TransUnion Holding and its 100% owned subsidiary, TransUnion Corp. The consolidated financial statements of TransUnion Corp include the accounts of TransUnion Corp and all of its majority-owned or controlled subsidiaries. Investments in unconsolidated entities in which the Company has at least a 20% ownership interest, or where it is able to exercise significant influence, are accounted for using the equity method. Nonmarketable investments in unconsolidated entities in which the Company has less than a 20% ownership interest, or where it is not able to exercise significant influence, are accounted for using the cost method and periodically reviewed for impairment. | |
Subsequent Events | ' |
Subsequent Events | |
Events and transactions occurring through the date of issuance of the financial statements have been evaluated by management and, when appropriate, recognized or disclosed in the financial statements or notes to the financial statements. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-2 (“ASU 2013-2”) Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-2 does not change the current requirements for reporting net income or other comprehensive income, however it increases disclosure requirements for amounts that are reclassified out of accumulated other comprehensive income into net income. ASU 2013-2 is effective for annual and interim periods beginning after December 15, 2012. This guidance was adopted by the Company effective January 1, 2013, and did not have a significant impact on the Company’s consolidated financial statements. | |
Recent Accounting Pronouncements Not Yet Adopted | |
On July 18, 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exist. ASU 2013-11 provides guidance on the presentation of unrecognized tax benefits to better reflect the manner in which an entity would settle at the reporting date any income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses or tax credit carryforwards exist. The objective of ASU 2013-11 is to eliminate the diversity in practice of how companies present unrecognized tax benefits under these circumstances. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We do not expect the requirements of ASU 2013-11 to have a significant impact on the Company's consolidated financial statements. |
2012_Change_in_Control_Transac1
2012 Change in Control Transaction (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Business Combinations [Abstract] | ' | ||||||
Allocation of Purchase Price Value of Assets Acquired and Liabilities Assumed | ' | ||||||
The allocation of the purchase price to the identifiable assets acquired and liabilities assumed as of April 30, 2012, consisted of the following: | |||||||
(in millions) | Fair Value | ||||||
Trade accounts receivable | $ | 162.4 | |||||
Property and equipment | 112.9 | ||||||
Identifiable intangible assets | 1,986.40 | ||||||
Goodwill(1) | 1,794.80 | ||||||
All other assets | 302.3 | ||||||
Total assets acquired | $ | 4,358.80 | |||||
Existing debt (including fair value adjustment) | (1,710.8 | ) | |||||
All other liabilities | (945.4 | ) | |||||
Noncontrolling interests | (109.9 | ) | |||||
Net assets of acquired company | $ | 1,592.70 | |||||
(1) | For tax purposes, $128.8 million of goodwill is tax deductible. | ||||||
Identifiable Intangible Assets | ' | ||||||
The fair values of the intangible assets acquired consisted of the following: | |||||||
(in millions) | Fair Value | Estimated | |||||
Useful Life | |||||||
Database and credit files | $ | 765 | 15 years | ||||
Technology and software | 364.6 | 7 years | |||||
Trade names and trademarks | 546.1 | 40 years | |||||
Customer relationships | 308 | 20 years | |||||
Other | 2.7 | 5 years | |||||
Total identifiable intangible assets | $ | 1,986.40 | |||||
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Financial Instruments Measured At Fair Value, on Recurring Basis | ' | ||||||||||||||||
The following table summarizes financial instruments measured at fair value, on a recurring basis, as of September 30, 2013: | |||||||||||||||||
(in millions) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Trading securities | $ | 11.6 | $ | 11.6 | $ | — | $ | — | |||||||||
Interest rate swaps | (1.8 | ) | — | (1.8 | ) | — | |||||||||||
Total financial instruments at fair value | $ | 9.8 | $ | 11.6 | $ | (1.8 | ) | $ | — | ||||||||
Other_Current_Assets_Tables
Other Current Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ' | ||||||||
Other Current Assets | ' | ||||||||
TransUnion Holding | |||||||||
Other current assets consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income tax assets | $ | 26.2 | $ | 36.3 | |||||
Prepaid expenses | 24.7 | 33.8 | |||||||
Deferred financing fees | 6.4 | 5.7 | |||||||
Income taxes receivable | 3.6 | 4.7 | |||||||
Other | 3 | 2.2 | |||||||
Total other current assets | $ | 63.9 | $ | 82.7 | |||||
TransUnion Corp | |||||||||
Other current assets consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Prepaid expenses | $ | 24.7 | $ | 33.8 | |||||
Deferred financing fees | 0.2 | — | |||||||
Deferred income tax assets | 4.7 | 18.9 | |||||||
Income taxes receivable | — | 3.8 | |||||||
Receivable from TransUnion Holding | 3.6 | — | |||||||
Other | 2.9 | 2.2 | |||||||
Total other current assets | $ | 36.1 | $ | 58.7 | |||||
Other_Assets_Tables
Other Assets (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ' | ||||||||
Other assets | ' | ||||||||
TransUnion Holding | |||||||||
Other assets consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||
Deferred financing fees | 30.2 | 34 | |||||||
Deposits | 14.8 | 6.3 | |||||||
Other | 0.8 | 0.9 | |||||||
Total other assets | $ | 135.5 | $ | 129.8 | |||||
TransUnion Corp | |||||||||
Other assets consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||
Deferred financing fees | 0.5 | — | |||||||
Deposits | 14.8 | 6.3 | |||||||
Other | 0.8 | 0.8 | |||||||
Total other assets | $ | 105.8 | $ | 95.7 | |||||
Investments_in_Affiliated_Comp1
Investments in Affiliated Companies (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Investments in Affiliated Companies | ' | ||||||||||||||||
Investments in affiliated companies consisted of the following: | |||||||||||||||||
TransUnion Holding and | |||||||||||||||||
TransUnion Corp | |||||||||||||||||
Successor | |||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||
Total equity method investments | $ | 81.8 | $ | 80.7 | |||||||||||||
Total cost method investments | 7.9 | 7.9 | |||||||||||||||
Total investments in affiliated companies | $ | 89.7 | $ | 88.6 | |||||||||||||
Earnings and Dividends from Equity Method of Investment | ' | ||||||||||||||||
Earnings from equity method investments, included in other income, and dividends received from equity method investments consisted of the following: | |||||||||||||||||
(in millions) | TransUnion | TransUnion | TransUnion | TransUnion Corp | |||||||||||||
Holding and | Holding | Corp Successor | Predecessor | ||||||||||||||
TransUnion | From the Date of | Five Months | Four Months | ||||||||||||||
Corp Successor | Inception through | Ended | Ended | ||||||||||||||
Nine Months | September 30, 2012 | September 30, 2012 | April 30, 2012 | ||||||||||||||
Ended | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Earnings from equity method investments | $ | 10.3 | $ | 5.3 | $ | 5.3 | $ | 4.1 | |||||||||
Dividends received from equity method investments | $ | 9.4 | $ | 8.3 | $ | 8.3 | $ | 0.4 | |||||||||
Summarized Financial Information | ' | ||||||||||||||||
The summarized financial information for the significant equity method investments of TransUnion Holding required by SEC Regulation S-X, Rule 1-02(bb)(2) consisted of the following: | |||||||||||||||||
(in millions) | Nine Months Ended September 30, 2013 | ||||||||||||||||
Revenue | $ | 72.3 | |||||||||||||||
Operating Income | $ | 34.5 | |||||||||||||||
Income from continuing operations | $ | 28.7 | |||||||||||||||
Net income | $ | 28.7 | |||||||||||||||
Other_Current_Liabilities_Tabl
Other Current Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Other Current Liabilities | ' | ||||||||
TransUnion Holding | |||||||||
Other current liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Accrued payroll | $ | 56.9 | $ | 64.2 | |||||
Accrued interest | 35.1 | 25.8 | |||||||
Deferred revenue | 8.4 | 12.5 | |||||||
Accrued employee benefits | 10.1 | 10.6 | |||||||
Accrued liabilities | 6.4 | 5.6 | |||||||
Other | 13.8 | 10.6 | |||||||
Total other current liabilities | $ | 130.7 | $ | 129.3 | |||||
TransUnion Corp | |||||||||
Other current liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Accrued payroll | $ | 56.9 | $ | 64.2 | |||||
Accrued interest | 23.2 | 3.7 | |||||||
Income taxes payable | 9.9 | — | |||||||
Deferred revenue | 8.4 | 12.5 | |||||||
Accrued liabilities | 6.4 | 5.6 | |||||||
Accrued employee benefits | 10.1 | 10.6 | |||||||
Other | 13.7 | 10.4 | |||||||
Total other current liabilities | $ | 128.6 | $ | 107 | |||||
Other_liabilities_Tables
Other liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||||
Other Liabilities | ' | ||||||||
TransUnion Holding | |||||||||
Other liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Holding | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income taxes | $ | 652.6 | $ | 657.5 | |||||
Retirement benefits | 9.8 | 10.6 | |||||||
Unrecognized tax benefits | 4.9 | 4.9 | |||||||
Other | 10.8 | 6.4 | |||||||
Total other liabilities | $ | 678.1 | $ | 679.4 | |||||
TransUnion Corp | |||||||||
Other liabilities consisted of the following: | |||||||||
TransUnion | |||||||||
Corp | |||||||||
Successor | |||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | |||||||
Deferred income taxes | $ | 642.1 | $ | 645.8 | |||||
Retirement benefits | 9.8 | 10.6 | |||||||
Unrecognized tax benefits | 4.8 | 4.8 | |||||||
Other | 10.6 | 6.2 | |||||||
Total other liabilities | $ | 667.3 | $ | 667.4 | |||||
Debt_Tables
Debt (Tables) | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||||||||
Debt Outstanding | ' | |||||||||||||||||||||
Debt outstanding consisted of the following: | ||||||||||||||||||||||
TransUnion | TransUnion | |||||||||||||||||||||
Holding | Corp | |||||||||||||||||||||
Successor | ||||||||||||||||||||||
(in millions) | 30-Sep-13 | 31-Dec-12 | 30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Senior secured term loan, payable in quarterly installments through February 10, 2019, including variable interest (4.25% at September 30, 2013) at LIBOR or alternate base rate, plus applicable margin | $ | 916.3 | $ | 923.4 | $ | 916.3 | $ | 923.4 | ||||||||||||||
Senior secured revolving line of credit, due on February 10, 2017, variable interest (4.63% weighted average at September 30, 2013) at LIBOR or alternate base rate, plus applicable margin | 65 | — | 65 | — | ||||||||||||||||||
11.375% notes—senior notes, principal due June 15, 2018, semi-annual interest payments, 11.375% fixed interest per annum, includes unamortized fair value adjustment at September 30, 2013 of $100.5 | 745.5 | 758.4 | 745.5 | 758.4 | ||||||||||||||||||
9.625% notes—senior unsecured PIK toggle notes, principal due June 15, 2018, semi-annual interest payments, 9.625% fixed interest per annum | 600 | 600 | — | — | ||||||||||||||||||
8.125% notes—senior unsecured PIK toggle notes, principal due June 15, 2018, semi-annual interest payments, 8.125% fixed interest per annum, includes original issuance discount at September 30, 2013 of $1.8 | 398.2 | 398 | — | — | ||||||||||||||||||
Note payable for 2011 acquisition, payable in annual installments through April 15, 2013, excluding imputed interest of 10.0% | — | 0.9 | — | 0.9 | ||||||||||||||||||
Capital lease obligations | 1.6 | 0.2 | 1.6 | 0.2 | ||||||||||||||||||
Total debt | $ | 2,726.60 | $ | 2,680.90 | $ | 1,728.40 | $ | 1,682.90 | ||||||||||||||
Less short-term debt and current portion of long-term debt | (76.1 | ) | (10.6 | ) | (76.1 | ) | (10.6 | ) | ||||||||||||||
Total long-term debt | $ | 2,650.50 | $ | 2,670.30 | $ | 1,652.30 | $ | 1,672.30 | ||||||||||||||
Interest Expense | ' | |||||||||||||||||||||
Interest expense consisted of the following: | ||||||||||||||||||||||
(in millions) | TransUnion | TransUnion | TransUnion | TransUnion | TransUnion | |||||||||||||||||
Holding | Holding | Corp | Corp | Corp | ||||||||||||||||||
Nine Months | From | Successor | Successor | Predecessor | ||||||||||||||||||
Ended | Inception | Nine Months | Five | Four | ||||||||||||||||||
September 30, | Date | Ended | Months | Months | ||||||||||||||||||
2013 | Through | September 30, | Ended | Ended | ||||||||||||||||||
September 30, | 2013 | September 30, | April 30, | |||||||||||||||||||
2012 | 2012 | 2012 | ||||||||||||||||||||
Senior secured term loan | $ | 33 | $ | 21.9 | $ | 33 | $ | 21.9 | $ | 15.6 | ||||||||||||
Senior secured revolving line of credit | 0.2 | — | 0.2 | — | — | |||||||||||||||||
11.375% notes | 42.1 | 24 | 42.1 | 24 | 25.1 | |||||||||||||||||
9.625% notes | 46.6 | 31.4 | — | — | — | |||||||||||||||||
8.125 % notes | 25.5 | — | — | — | — | |||||||||||||||||
Other | 0.7 | 0.1 | 0.6 | 0.1 | (0.2 | ) | ||||||||||||||||
Total interest | $ | 148.1 | $ | 77.4 | $ | 75.9 | $ | 46 | $ | 40.5 | ||||||||||||
Operating_Segments_Tables
Operating Segments (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||
Selected Financial Information | ' | |||||||||||||||||||||||||
Selected financial information consisted of the following: | ||||||||||||||||||||||||||
TransUnion Corp Successor | ||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||
(in millions) | Revenue | Operating | Revenue | Operating | ||||||||||||||||||||||
income | income | |||||||||||||||||||||||||
(loss) | (loss) | |||||||||||||||||||||||||
U.S. Information Services | $ | 188.3 | $ | 41.9 | $ | 186.1 | $ | 47.5 | ||||||||||||||||||
International | 60.6 | 9 | 59.8 | 9.9 | ||||||||||||||||||||||
Interactive | 50.6 | 16.7 | 45.8 | 20.4 | ||||||||||||||||||||||
Corporate | — | (17.9 | ) | — | (16.2 | ) | ||||||||||||||||||||
Total | $ | 299.5 | $ | 49.7 | $ | 291.7 | $ | 61.6 | ||||||||||||||||||
TransUnion Corp Successor | TransUnion Corp Predecessor | |||||||||||||||||||||||||
Nine Months Ended | Five Months Ended | Four Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | April 30, 2012 | ||||||||||||||||||||||||
(in millions) | Revenue | Operating | Revenue | Operating | Revenue | Operating | ||||||||||||||||||||
income | income | income | ||||||||||||||||||||||||
(loss) | (loss) | (loss) | ||||||||||||||||||||||||
U.S. Information Services | $ | 560 | $ | 122.2 | $ | 309.4 | $ | 80.8 | $ | 238.1 | $ | 33.2 | ||||||||||||||
International | 177.5 | 15.4 | 97.3 | 13 | 76.6 | 5.3 | ||||||||||||||||||||
Interactive | 153.3 | 48 | 75.9 | 31.4 | 58.3 | 13 | ||||||||||||||||||||
Corporate | — | (51.6 | ) | — | (26.7 | ) | — | (51.7 | ) | |||||||||||||||||
Total | $ | 890.8 | $ | 134 | $ | 482.6 | $ | 98.5 | $ | 373 | $ | (0.2 | ) | |||||||||||||
Reconciliation of Operating Income (Loss) to Income (Loss) from Continuing Operations Before Income Tax | ' | |||||||||||||||||||||||||
A reconciliation of operating income to income (loss) before income taxes for the periods ended as presented was as follows: | ||||||||||||||||||||||||||
TransUnion Corp Successor | TransUnion | |||||||||||||||||||||||||
Corp | ||||||||||||||||||||||||||
Predecessor | ||||||||||||||||||||||||||
(in millions) | Three | Three | Nine | Five | Four Months | |||||||||||||||||||||
Months | Months | Months | Months | Ended | ||||||||||||||||||||||
Ended | Ended | Ended | Ended | April 30, | ||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | 2012 | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
Operating income (loss) from segments | $ | 49.7 | $ | 61.6 | $ | 134 | $ | 98.5 | $ | (0.2 | ) | |||||||||||||||
Non-operating income and expense | (22.5 | ) | (27.6 | ) | (72.1 | ) | (45.5 | ) | (63.7 | ) | ||||||||||||||||
Income (loss) before income taxes | $ | 27.2 | $ | 34 | $ | 61.9 | $ | 53 | $ | (63.9 | ) | |||||||||||||||
Earning from Equity Method Investments Included in Other Income and Expense, Net | ' | |||||||||||||||||||||||||
Earning from equity method investments included in other income and expense, net, for the periods presented was as follows: | ||||||||||||||||||||||||||
TransUnion Corp Successor | TransUnion | |||||||||||||||||||||||||
Corp | ||||||||||||||||||||||||||
Predecessor | ||||||||||||||||||||||||||
(in millions) | Three | Three | Nine | Five | Four Months | |||||||||||||||||||||
Months | Months | Months | Months | Ended | ||||||||||||||||||||||
Ended | Ended | Ended | Ended | April 30, | ||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | 2012 | ||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||
U.S. Information Services | $ | 0.3 | $ | 0.4 | $ | 1.1 | $ | 0.7 | $ | 0.5 | ||||||||||||||||
International | 2.7 | 2.5 | 9.2 | 4.6 | 3.6 | |||||||||||||||||||||
Interactive | — | — | — | — | — | |||||||||||||||||||||
Total | $ | 3 | $ | 2.9 | $ | 10.3 | $ | 5.3 | $ | 4.1 | ||||||||||||||||
Financial_Statements_of_Guaran1
Financial Statements of Guarantors (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Consolidating Balance Sheet | ' | |||||||||||||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Balance Sheet – Successor (Unaudited) | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 22.6 | $ | — | $ | — | $ | 94.9 | $ | — | $ | 117.5 | ||||||||||||
Trade accounts receivable, net | — | 104.9 | 26.9 | 51.9 | — | 183.7 | ||||||||||||||||||
Due from affiliates | — | 10.7 | — | 58.3 | (69.0 | ) | — | |||||||||||||||||
Other current assets | (14.5 | ) | 43.9 | (0.4 | ) | 7.1 | — | 36.1 | ||||||||||||||||
Total current assets | 8.1 | 159.5 | 26.5 | 212.2 | (69.0 | ) | 337.3 | |||||||||||||||||
Property, plant and equipment, net | — | 98.6 | 8.2 | 18.4 | — | 125.2 | ||||||||||||||||||
Other marketable securities | — | 11.6 | — | — | — | 11.6 | ||||||||||||||||||
Goodwill | — | 1,145.60 | 199.9 | 509.9 | — | 1,855.40 | ||||||||||||||||||
Other intangibles, net | — | 1,560.80 | 135.7 | 185.7 | — | 1,882.20 | ||||||||||||||||||
Other assets | 1,624.50 | 1,093.90 | 2.5 | 49.2 | (2,664.3 | ) | 105.8 | |||||||||||||||||
Total assets | $ | 1,632.60 | $ | 4,070.00 | $ | 372.8 | $ | 975.4 | $ | (2,733.3 | ) | $ | 4,317.50 | |||||||||||
Liabilities and stockholders’ equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Trade accounts payable | $ | 0.1 | $ | 46.3 | $ | 22.5 | $ | 13.1 | $ | — | $ | 82 | ||||||||||||
Due to affiliates | 43.8 | — | 7.1 | — | (50.9 | ) | — | |||||||||||||||||
Short-term debt and current portion of long-term debt | — | 76.1 | — | 18 | (18.0 | ) | 76.1 | |||||||||||||||||
Other current liabilities | 15.6 | 81.9 | 5.7 | 25.4 | — | 128.6 | ||||||||||||||||||
Total current liabilities | 59.5 | 204.3 | 35.3 | 56.5 | (68.9 | ) | 286.7 | |||||||||||||||||
Long-term debt | — | 1,652.30 | — | 6.5 | (6.5 | ) | 1,652.30 | |||||||||||||||||
Other liabilities | (29.7 | ) | 585.5 | 32.7 | 78.8 | — | 667.3 | |||||||||||||||||
Total liabilities | 29.8 | 2,442.10 | 68 | 141.8 | (75.4 | ) | 2,606.30 | |||||||||||||||||
Redeemable noncontrolling interests | — | — | — | 18.5 | — | 18.5 | ||||||||||||||||||
Total TransUnion Corp. stockholders’ equity | 1,602.80 | 1,627.90 | 304.8 | 725.2 | (2,657.9 | ) | 1,602.80 | |||||||||||||||||
Noncontrolling interests | — | — | — | 89.9 | — | 89.9 | ||||||||||||||||||
Total stockholders’ equity | 1,602.80 | 1,627.90 | 304.8 | 815.1 | (2,657.9 | ) | 1,692.70 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 1,632.60 | $ | 4,070.00 | $ | 372.8 | $ | 975.4 | $ | (2,733.3 | ) | $ | 4,317.50 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Balance Sheet – Successor (Audited) | ||||||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 75.3 | $ | — | $ | — | $ | 79 | $ | — | $ | 154.3 | ||||||||||||
Trade accounts receivable, net | — | 98 | 19.5 | 46.1 | — | 163.6 | ||||||||||||||||||
Due from affiliates | 46.2 | 56.7 | (102.9 | ) | — | |||||||||||||||||||
Other current assets | (0.3 | ) | 52.7 | (0.7 | ) | 7 | — | 58.7 | ||||||||||||||||
Total current assets | 75 | 150.7 | 65 | 188.8 | (102.9 | ) | 376.6 | |||||||||||||||||
Property, plant and equipment, net | — | 95.8 | 7.8 | 17.6 | — | 121.2 | ||||||||||||||||||
Other marketable securities | — | 11.4 | — | — | — | 11.4 | ||||||||||||||||||
Goodwill | — | 961.6 | 324.6 | 518 | — | 1,804.20 | ||||||||||||||||||
Other intangibles, net | — | 1,629.60 | 75.8 | 206.2 | — | 1,911.60 | ||||||||||||||||||
Other assets | 1,611.80 | 1,235.20 | 2.2 | 42.4 | (2,795.9 | ) | 95.7 | |||||||||||||||||
Total assets | $ | 1,686.80 | $ | 4,084.30 | $ | 475.4 | $ | 973 | $ | (2,898.8 | ) | $ | 4,320.70 | |||||||||||
Liabilities and stockholders’ equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Trade accounts payable | $ | — | $ | 43.2 | $ | 18.9 | $ | 15.4 | $ | — | $ | 77.5 | ||||||||||||
Due to affiliates | 14.9 | 82.5 | — | — | (97.4 | ) | — | |||||||||||||||||
Short-term debt and current portion of long-term debt | — | 9.5 | — | 6.6 | (5.5 | ) | 10.6 | |||||||||||||||||
Other current liabilities | 7.9 | 68.4 | 7.2 | 23.5 | — | 107 | ||||||||||||||||||
Total current liabilities | 22.8 | 203.6 | 26.1 | 45.5 | (102.9 | ) | 195.1 | |||||||||||||||||
Long-term debt | — | 1,672.30 | — | 6.5 | (6.5 | ) | 1,672.30 | |||||||||||||||||
Other liabilities | (13.9 | ) | 589.6 | 2 | 89.7 | — | 667.4 | |||||||||||||||||
Total liabilities | 8.9 | 2,465.50 | 28.1 | 141.7 | (109.4 | ) | 2,534.80 | |||||||||||||||||
Redeemable noncontrolling interests | — | — | — | 14.7 | — | 14.7 | ||||||||||||||||||
Total TransUnion Corp. stockholders’ equity | 1,677.90 | 1,618.80 | 447.3 | 723.3 | (2,789.4 | ) | 1,677.90 | |||||||||||||||||
Noncontrolling interests | — | — | — | 93.3 | — | 93.3 | ||||||||||||||||||
Total stockholders’ equity | 1,677.90 | 1,618.80 | 447.3 | 816.6 | (2,789.4 | ) | 1,771.20 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 1,686.80 | $ | 4,084.30 | $ | 475.4 | $ | 973 | $ | (2,898.8 | ) | $ | 4,320.70 | |||||||||||
Consolidating Statement of Income | ' | |||||||||||||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 228.7 | $ | 82.5 | $ | 84.6 | $ | (22.8 | ) | $ | 373 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 122.6 | 36.1 | 29.6 | (16.3 | ) | 172 | |||||||||||||||||
Selling, general and administrative | 0.1 | 120 | 30.5 | 28.3 | (6.9 | ) | 172 | |||||||||||||||||
Depreciation and amortization | — | 19.8 | 5.9 | 3.5 | — | 29.2 | ||||||||||||||||||
Total operating expenses | 0.1 | 262.4 | 72.5 | 61.4 | (23.2 | ) | 373.2 | |||||||||||||||||
Operating income (loss) | (0.1 | ) | (33.7 | ) | 10 | 23.2 | 0.4 | (0.2 | ) | |||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | (0.3 | ) | (40.2 | ) | — | (0.3 | ) | 0.3 | (40.5 | ) | ||||||||||||||
Interest income | 0.3 | 0.3 | — | 0.3 | (0.3 | ) | 0.6 | |||||||||||||||||
Other income and (expense), net | (72.7 | ) | 23.4 | — | (0.4 | ) | 25.9 | (23.8 | ) | |||||||||||||||
Total non-operating income and expense | (72.7 | ) | (16.5 | ) | — | (0.4 | ) | 25.9 | (63.7 | ) | ||||||||||||||
Income (loss) before income taxes | (72.8 | ) | (50.2 | ) | 10 | 22.8 | 26.3 | (63.9 | ) | |||||||||||||||
Provision for income taxes | 17.9 | (1.6 | ) | — | (4.8 | ) | — | 11.5 | ||||||||||||||||
Net income (loss) | (54.9 | ) | (51.8 | ) | 10 | 18 | 26.3 | (52.4 | ) | |||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.5 | ) | — | (2.5 | ) | ||||||||||||||||
Net income (loss) attributable to TransUnion Corp. | $ | (54.9 | ) | $ | (51.8 | ) | $ | 10 | $ | 15.5 | $ | 26.3 | $ | (54.9 | ) | |||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 178.6 | $ | 61.1 | $ | 66.1 | $ | (14.1 | ) | $ | 291.7 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 73.7 | 27.4 | 19.7 | (9.3 | ) | 111.5 | |||||||||||||||||
Selling, general and administrative | — | 49.6 | 13.2 | 17.8 | (5.1 | ) | 75.5 | |||||||||||||||||
Depreciation and amortization | — | 35.5 | 1.6 | 6 | — | 43.1 | ||||||||||||||||||
Total operating expenses | — | 158.8 | 42.2 | 43.5 | (14.4 | ) | 230.1 | |||||||||||||||||
Operating income | — | 19.8 | 18.9 | 22.6 | 0.3 | 61.6 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (27.7 | ) | — | — | 0.1 | (27.6 | ) | ||||||||||||||||
Interest income | — | 0.1 | — | 0.6 | (0.1 | ) | 0.6 | |||||||||||||||||
Other income and (expense), net | 27.6 | 36 | 0.1 | (3.1 | ) | (61.2 | ) | (0.6 | ) | |||||||||||||||
Total non-operating income and expense | 27.6 | 8.4 | 0.1 | (2.5 | ) | (61.2 | ) | (27.6 | ) | |||||||||||||||
Income before income taxes | 27.6 | 28.2 | 19 | 20.1 | (60.9 | ) | 34 | |||||||||||||||||
Provision for income taxes | (6.8 | ) | (0.5 | ) | (0.2 | ) | (3.5 | ) | — | (11.0 | ) | |||||||||||||
Net income | 20.8 | 27.7 | 18.8 | 16.6 | (60.9 | ) | 23 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.2 | ) | — | (2.2 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 20.8 | $ | 27.7 | $ | 18.8 | $ | 14.4 | $ | (60.9 | ) | $ | 20.8 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 178.6 | $ | 69.4 | $ | 66.3 | $ | (14.8 | ) | $ | 299.5 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 78.6 | 28.9 | 18.5 | (10.1 | ) | 115.9 | |||||||||||||||||
Selling, general and administrative | — | 51.2 | 19.9 | 19.7 | (4.9 | ) | 85.9 | |||||||||||||||||
Depreciation and amortization | — | 37.7 | 4.5 | 5.8 | — | 48 | ||||||||||||||||||
Total operating expenses | — | 167.5 | 53.3 | 44 | (15.0 | ) | 249.8 | |||||||||||||||||
Operating income | — | 11.1 | 16.1 | 22.3 | 0.2 | 49.7 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (24.8 | ) | — | (0.3 | ) | 0.2 | (24.9 | ) | |||||||||||||||
Interest income | — | 0.2 | — | 0.8 | (0.2 | ) | 0.8 | |||||||||||||||||
Other income and (expense), net | 18.7 | 32.6 | — | (0.3 | ) | (49.4 | ) | 1.6 | ||||||||||||||||
Total non-operating income and expense | 18.7 | 8 | — | 0.2 | (49.4 | ) | (22.5 | ) | ||||||||||||||||
Income before income taxes | 18.7 | 19.1 | 16.1 | 22.5 | (49.2 | ) | 27.2 | |||||||||||||||||
Provision for income taxes | (1.2 | ) | (0.3 | ) | — | (6.2 | ) | — | (7.7 | ) | ||||||||||||||
Net income | 17.5 | 18.8 | 16.1 | 16.3 | (49.2 | ) | 19.5 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (2.0 | ) | — | (2.0 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 17.5 | $ | 18.8 | $ | 16.1 | $ | 14.3 | $ | (49.2 | ) | $ | 17.5 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Month Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 295.5 | $ | 103.5 | $ | 109.8 | $ | (26.2 | ) | $ | 482.6 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 125.4 | 45.5 | 32.8 | (17.5 | ) | 186.2 | |||||||||||||||||
Selling, general and administrative | 0.1 | 80.8 | 24.4 | 29.7 | (9.2 | ) | 125.8 | |||||||||||||||||
Depreciation and amortization | — | 59.2 | 4.8 | 8.1 | — | 72.1 | ||||||||||||||||||
Total operating expenses | 0.1 | 265.4 | 74.7 | 70.6 | (26.7 | ) | 384.1 | |||||||||||||||||
Operating income (loss) | (0.1 | ) | 30.1 | 28.8 | 39.2 | 0.5 | 98.5 | |||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (46.0 | ) | — | (0.1 | ) | 0.1 | (46.0 | ) | |||||||||||||||
Interest income | — | 0.1 | — | 0.7 | (0.1 | ) | 0.7 | |||||||||||||||||
Other income and (expense), net | 41.7 | 58.3 | — | (3.3 | ) | (96.9 | ) | (0.2 | ) | |||||||||||||||
Total non-operating income and expense | 41.7 | 12.4 | — | (2.7 | ) | (96.9 | ) | (45.5 | ) | |||||||||||||||
Income before income taxes | 41.6 | 42.5 | 28.8 | 36.5 | (96.4 | ) | 53 | |||||||||||||||||
Provision for income taxes | (11.2 | ) | (0.5 | ) | (0.2 | ) | (7.4 | ) | — | (19.3 | ) | |||||||||||||
Net income | 30.4 | 42 | 28.6 | 29.1 | (96.4 | ) | 33.7 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (3.3 | ) | — | (3.3 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 30.4 | $ | 42 | $ | 28.6 | $ | 25.8 | $ | (96.4 | ) | $ | 30.4 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Revenue | $ | — | $ | 535.2 | $ | 205.4 | $ | 195.3 | $ | (45.1 | ) | $ | 890.8 | |||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | 235.4 | 90.8 | 59.3 | (30.6 | ) | 354.9 | |||||||||||||||||
Selling, general and administrative | — | 158.5 | 59.1 | 61.1 | (15.3 | ) | 263.4 | |||||||||||||||||
Depreciation and amortization | — | 109 | 11.5 | 18 | — | 138.5 | ||||||||||||||||||
Total operating expenses | — | 502.9 | 161.4 | 138.4 | (45.9 | ) | 756.8 | |||||||||||||||||
Operating income | — | 32.3 | 44 | 56.9 | 0.8 | 134 | ||||||||||||||||||
Non-operating income and expense | ||||||||||||||||||||||||
Interest expense | — | (75.9 | ) | 0.1 | (0.8 | ) | 0.7 | (75.9 | ) | |||||||||||||||
Interest income | — | 0.8 | — | 1.2 | (0.7 | ) | 1.3 | |||||||||||||||||
Other income and (expense), net | 43.9 | 87.7 | 1.6 | (0.5 | ) | (130.2 | ) | 2.5 | ||||||||||||||||
Total non-operating income and expense | 43.9 | 12.6 | 1.7 | (0.1 | ) | (130.2 | ) | (72.1 | ) | |||||||||||||||
Income before income taxes | 43.9 | 44.9 | 45.7 | 56.8 | (129.4 | ) | 61.9 | |||||||||||||||||
Provision for income taxes | (6.1 | ) | (0.8 | ) | (0.2 | ) | (12.0 | ) | — | (19.1 | ) | |||||||||||||
Net income | 37.8 | 44.1 | 45.5 | 44.8 | (129.4 | ) | 42.8 | |||||||||||||||||
Less: net income attributable to noncontrolling interests | — | — | — | (5.0 | ) | — | (5.0 | ) | ||||||||||||||||
Net income attributable to TransUnion Corp. | $ | 37.8 | $ | 44.1 | $ | 45.5 | $ | 39.8 | $ | (129.4 | ) | $ | 37.8 | |||||||||||
Consolidating Statement of Comprehensive Income | ' | |||||||||||||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 20.8 | $ | 27.7 | $ | 18.8 | $ | 16.6 | $ | (60.9 | ) | $ | 23 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (1.3 | ) | (1.3 | ) | — | (1.2 | ) | 2.6 | (1.2 | ) | ||||||||||||||
Net unrealized loss on hedges (net of tax at 36%) | (1.4 | ) | (1.4 | ) | — | — | 1.4 | (1.4 | ) | |||||||||||||||
Total other comprehensive loss, net of tax | (2.7 | ) | (2.7 | ) | — | (1.2 | ) | 4 | (2.6 | ) | ||||||||||||||
Comprehensive income | 18.1 | 25 | 18.8 | 15.4 | (56.9 | ) | 20.4 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.3 | ) | — | (2.3 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 18.1 | $ | 25 | $ | 18.8 | $ | 13.1 | $ | (56.9 | ) | $ | 18.1 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 37.8 | $ | 44.1 | $ | 45.5 | $ | 44.8 | $ | (129.4 | ) | $ | 42.8 | |||||||||||
Other comprehensive income (loss) | ||||||||||||||||||||||||
Foreign currency translation adjustment | (42.6 | ) | (42.6 | ) | — | (46.1 | ) | 85.2 | (46.1 | ) | ||||||||||||||
Net unrealized gain on hedges (net of tax at 36%) | 2.6 | 2.6 | — | — | (2.6 | ) | 2.6 | |||||||||||||||||
Total other comprehensive loss, net of tax | (40.0 | ) | (40.0 | ) | — | (46.1 | ) | 82.6 | (43.5 | ) | ||||||||||||||
Comprehensive income (loss) | (2.2 | ) | 4.1 | 45.5 | (1.3 | ) | (46.8 | ) | (0.7 | ) | ||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (1.5 | ) | — | (1.5 | ) | ||||||||||||||||
Comprehensive income (loss) attributable to TransUnion Corp. | $ | (2.2 | ) | $ | 4.1 | $ | 45.5 | $ | (2.8 | ) | $ | (46.8 | ) | $ | (2.2 | ) | ||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 17.5 | $ | 18.8 | $ | 16.1 | $ | 16.3 | $ | (49.2 | ) | $ | 19.5 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (2.2 | ) | (2.2 | ) | — | (2.4 | ) | 4.4 | (2.4 | ) | ||||||||||||||
Net unrealized loss on hedges (net of tax at 36%) | (0.5 | ) | (0.5 | ) | — | — | 0.5 | (0.5 | ) | |||||||||||||||
Total other comprehensive loss, net of tax | (2.7 | ) | (2.7 | ) | — | (2.4 | ) | 4.9 | (2.9 | ) | ||||||||||||||
Comprehensive income | 14.8 | 16.1 | 16.1 | 13.9 | (44.3 | ) | 16.6 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (1.8 | ) | — | (1.8 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 14.8 | $ | 16.1 | $ | 16.1 | $ | 12.1 | $ | (44.3 | ) | $ | 14.8 | |||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income (loss) | $ | (54.9 | ) | $ | (51.8 | ) | $ | 10 | $ | 18 | $ | 26.3 | $ | (52.4 | ) | |||||||||
Other comprehensive income, net of tax | ||||||||||||||||||||||||
Foreign currency translation adjustment | 2.2 | 2.2 | — | 2.5 | (4.4 | ) | 2.5 | |||||||||||||||||
Total other comprehensive income, net of tax | 2.2 | 2.2 | — | 2.5 | (4.4 | ) | 2.5 | |||||||||||||||||
Comprehensive income (loss) | (52.7 | ) | (49.6 | ) | 10 | 20.5 | 21.9 | (49.9 | ) | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.8 | ) | — | (2.8 | ) | ||||||||||||||||
Comprehensive income (loss) attributable to TransUnion Corp. | $ | (52.7 | ) | $ | (49.6 | ) | $ | 10 | $ | 17.7 | $ | 21.9 | $ | (52.7 | ) | |||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Month Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Net income | $ | 30.4 | $ | 42 | $ | 28.6 | $ | 29.1 | $ | (96.4 | ) | $ | 33.7 | |||||||||||
Other comprehensive loss | ||||||||||||||||||||||||
Foreign currency translation adjustment | (6.9 | ) | (6.9 | ) | — | (7.6 | ) | 13.8 | (7.6 | ) | ||||||||||||||
Net Unrealized loss on hedges (net of tax at 36%) | (3.4 | ) | (3.4 | ) | — | — | 3.4 | (3.4 | ) | |||||||||||||||
Total other comprehensive income, net of tax | (10.3 | ) | (10.3 | ) | — | (7.6 | ) | 17.2 | (11.0 | ) | ||||||||||||||
Comprehensive income | 20.1 | 31.7 | 28.6 | 21.5 | (79.2 | ) | 22.7 | |||||||||||||||||
Less: comprehensive income attributable to noncontrolling interests | — | — | — | (2.6 | ) | — | (2.6 | ) | ||||||||||||||||
Comprehensive income attributable to TransUnion Corp. | $ | 20.1 | $ | 31.7 | $ | 28.6 | $ | 18.9 | $ | (79.2 | ) | $ | 20.1 | |||||||||||
Consolidating Statement of Cash Flows | ' | |||||||||||||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Successor (Unaudited) | ||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | TransUnion | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp. | ||||||||||||||||||||
Corp. | LLC and | Consolidated | ||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | 25.3 | $ | (6.8 | ) | $ | 110.5 | $ | 57.7 | $ | — | $ | 186.7 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (38.3 | ) | (9.7 | ) | (6.1 | ) | — | (54.1 | ) | ||||||||||||||
Proceeds from sale of trading securities | — | 2.2 | — | — | — | 2.2 | ||||||||||||||||||
Investments in trading securities | — | (1.7 | ) | — | — | — | (1.7 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | (104.2 | ) | (31.6 | ) | — | (135.8 | ) | |||||||||||||||
Proceeds from sale of other assets | — | 0.9 | 3.2 | 0.1 | — | 4.2 | ||||||||||||||||||
Issuance of intercompany notes | — | (32.0 | ) | — | — | 32 | — | |||||||||||||||||
Proceeds from repayment of intercompany notes | — | 19.5 | — | — | (19.5 | ) | — | |||||||||||||||||
Acquisition related deposits | (9.0 | ) | (9.0 | ) | ||||||||||||||||||||
Other | — | — | 0.2 | 1.5 | — | 1.7 | ||||||||||||||||||
Cash used in investing activities | — | (49.4 | ) | (110.5 | ) | (45.1 | ) | 12.5 | (192.5 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds from senior secured credit facility | — | 923.4 | — | — | — | 923.4 | ||||||||||||||||||
Extinguishment of senior secured credit facility | — | (923.4 | ) | — | — | — | (923.4 | ) | ||||||||||||||||
Proceeds from senior secured revolving line of credit | — | 65 | — | — | — | 65 | ||||||||||||||||||
Repayments of debt | — | (7.6 | ) | — | (1.1 | ) | — | (8.7 | ) | |||||||||||||||
Proceeds from capital lease | — | 2 | — | — | — | 2 | ||||||||||||||||||
Debt financing fees | — | (3.2 | ) | — | — | — | (3.2 | ) | ||||||||||||||||
Dividends to TransUnion Holding | (78.0 | ) | — | — | — | — | (78.0 | ) | ||||||||||||||||
Proceeds from intercompany notes | — | — | — | 32 | (32.0 | ) | — | |||||||||||||||||
Repayment of intercompany notes | — | — | — | (19.5 | ) | 19.5 | — | |||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (2.8 | ) | — | (2.8 | ) | ||||||||||||||||
Cash provided by (used in) financing activities | (78.0 | ) | 56.2 | — | 8.6 | (12.5 | ) | (25.7 | ) | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (5.3 | ) | — | (5.3 | ) | ||||||||||||||||
Net change in cash and cash equivalents | (52.7 | ) | — | — | 15.9 | — | (36.8 | ) | ||||||||||||||||
Cash and cash equivalents, beginning of period | 75.3 | — | — | 79 | — | 154.3 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 22.6 | $ | — | $ | — | $ | 94.9 | $ | — | $ | 117.5 | ||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Successor (Unaudited) | ||||||||||||||||||||||||
For the Five Months Ended September 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by operating activities | $ | 24.1 | $ | 28 | $ | 4.4 | $ | 20.6 | $ | — | $ | 77.1 | ||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (19.0 | ) | (4.4 | ) | (2.8 | ) | — | (26.2 | ) | ||||||||||||||
Investments in trading securities | — | (0.3 | ) | — | — | — | (0.3 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | — | (10.5 | ) | — | (10.5 | ) | ||||||||||||||||
Proceeds from notes receivable | — | — | — | 3.9 | (3.9 | ) | — | |||||||||||||||||
Other | — | — | — | (1.5 | ) | — | (1.5 | ) | ||||||||||||||||
Cash used in investing activities | — | (19.3 | ) | (4.4 | ) | (10.9 | ) | (3.9 | ) | (38.5 | ) | |||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayments of debt | — | (8.7 | ) | — | — | 3.9 | (4.8 | ) | ||||||||||||||||
Change in control transaction fees | (0.3 | ) | — | — | — | — | (0.3 | ) | ||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (2.1 | ) | — | (2.1 | ) | ||||||||||||||||
Cash used in financing activities | (0.3 | ) | (8.7 | ) | — | (2.1 | ) | 3.9 | (7.2 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (0.6 | ) | — | (0.6 | ) | ||||||||||||||||
Net change in cash and cash equivalents | 23.8 | — | — | 7 | — | 30.8 | ||||||||||||||||||
Cash and cash equivalents, beginning of period | 35.2 | — | — | 61.2 | — | 96.4 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 59 | $ | — | $ | — | $ | 68.2 | $ | — | $ | 127.2 | ||||||||||||
TRANSUNION CORP. AND SUBSIDIARIES | ||||||||||||||||||||||||
Consolidating Statement of Cash Flows – Predecessor (Unaudited) | ||||||||||||||||||||||||
For the Four Months Ended April 30, 2012 | ||||||||||||||||||||||||
(in millions) | ||||||||||||||||||||||||
Parent | Issuers | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
TransUnion | Trans Union | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Corp. | LLC and | |||||||||||||||||||||||
TransUnion | ||||||||||||||||||||||||
Financing | ||||||||||||||||||||||||
Corporation | ||||||||||||||||||||||||
Cash provided by (used in) operating activities | $ | 34.8 | $ | (3.5 | ) | $ | 4.5 | $ | 16.5 | $ | 0.1 | $ | 52.4 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Capital expenditures for property and equipment | — | (15.6 | ) | (3.6 | ) | (1.2 | ) | — | (20.4 | ) | ||||||||||||||
Proceeds from sale of trading securities | — | 1.1 | — | — | — | 1.1 | ||||||||||||||||||
Investments in trading securities | — | (1.1 | ) | — | — | — | (1.1 | ) | ||||||||||||||||
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | — | — | (0.1 | ) | — | (0.1 | ) | ||||||||||||||||
Proceeds from notes receivable | — | 22.6 | — | — | (22.6 | ) | — | |||||||||||||||||
Issuance of notes receivable | — | — | — | (4.1 | ) | 4.1 | — | |||||||||||||||||
Proceeds from sale of other assets | — | — | 0.2 | — | — | 0.2 | ||||||||||||||||||
Other | — | — | (0.3 | ) | 1 | — | 0.7 | |||||||||||||||||
Cash provided by (used in) investing activities | — | 7 | (3.7 | ) | (4.4 | ) | (18.5 | ) | (19.6 | ) | ||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayments of debt | (10.3 | ) | (2.5 | ) | (0.9 | ) | (23.5 | ) | 22.6 | (14.6 | ) | |||||||||||||
Debt financing fees | — | (6.1 | ) | — | — | — | (6.1 | ) | ||||||||||||||||
Distribution of merger consideration | (1.3 | ) | — | — | — | — | (1.3 | ) | ||||||||||||||||
Change in control transaction fees | (20.9 | ) | — | — | — | — | (20.9 | ) | ||||||||||||||||
Proceeds from issuance of debt | — | 4.1 | — | — | (4.1 | ) | — | |||||||||||||||||
Distributions to noncontrolling interests | — | — | — | (0.4 | ) | — | (0.4 | ) | ||||||||||||||||
Other | (1.7 | ) | — | — | 0.1 | (0.1 | ) | (1.7 | ) | |||||||||||||||
Cash used in financing activities | (34.2 | ) | (4.5 | ) | (0.9 | ) | (23.8 | ) | 18.4 | (45.0 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | 0.8 | — | 0.8 | ||||||||||||||||||
Net change in cash and cash equivalents | 0.6 | (1.0 | ) | (0.1 | ) | (10.9 | ) | — | (11.4 | ) | ||||||||||||||
Cash and cash equivalents, beginning of period | 34.6 | 1 | 0.1 | 72.1 | — | 107.8 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | 35.2 | $ | — | $ | — | $ | 61.2 | $ | — | $ | 96.4 | ||||||||||||
Summary_of_Significant_Account
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 1 Months Ended | |||
Apr. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Mar. 21, 2012 | |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' |
Percentage of ownership | ' | 100.00% | ' | ' |
Percentage of outstanding common stock acquired | 100.00% | ' | ' | ' |
Ownership interest percentage | ' | 20.00% | ' | ' |
Nonmarketable investments in TransUnion Corp | ' | 20.00% | ' | ' |
9.625% Senior notes | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' |
9.625% Notes | ' | ' | ' | $600,000,000 |
Interest rate on the notes | 9.63% | 9.63% | 9.63% | 9.63% |
PIK rate percentage on notes | 10.38% | ' | ' | 10.38% |
Due date | 15-Jun-18 | ' | ' | ' |
2012_Change_in_Control_Transac2
2012 Change in Control Transaction - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | ||||||
Apr. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 21, 2012 | |
Affiliates of Advent | Affiliates of GSC | Members of management | 9.625% Senior notes | 9.625% Senior notes | 9.625% Senior notes | |||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate purchase price | $1,592,700,000 | ' | ' | ' | ' | ' | ' | ' |
Senior unsecured debt raised | ' | ' | ' | ' | ' | ' | ' | $600,000,000 |
Percentage of outstanding common stock acquired | 100.00% | ' | 49.50% | 49.50% | 1.00% | ' | ' | ' |
Senior notes, interest rate | ' | ' | ' | ' | ' | 9.63% | 9.63% | 9.63% |
Effective date of the merger | 30-Apr-12 | ' | ' | ' | ' | ' | ' | ' |
Weighted-average useful life of identifiable intangible assets | ' | '21 years 2 months 12 days | ' | ' | ' | ' | ' | ' |
Allocation_of_Purchase_Price_V
Allocation of Purchase Price Value of Assets Acquired and liabilities Assumed (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | |
In Millions, unless otherwise specified | ||||
Business Acquisition [Line Items] | ' | ' | ' | |
Identifiable intangible assets | ' | ' | $1,986.40 | |
Goodwill | 1,855.40 | 1,804.20 | ' | |
TransUnion Corp-Predecessor | ' | ' | ' | |
Business Acquisition [Line Items] | ' | ' | ' | |
Trade accounts receivable | ' | ' | 162.4 | |
Property and equipment | ' | ' | 112.9 | |
Identifiable intangible assets | ' | ' | 1,986.40 | |
Goodwill | ' | ' | 1,794.80 | [1] |
All other assets | ' | ' | 302.3 | |
Total assets acquired | ' | ' | 4,358.80 | |
Existing debt (including fair value adjustment) | ' | ' | -1,710.80 | |
All other liabilities | ' | ' | -945.4 | |
Noncontrolling interests | ' | ' | -109.9 | |
Net assets of acquired company | ' | ' | $1,592.70 | |
[1] | For tax purposes, $128.8 million of goodwill is tax deductible. |
Allocation_of_Purchase_Price_V1
Allocation of Purchase Price Value of Assets Acquired and liabilities Assumed (Parenthetical) (Detail) (USD $) | Apr. 30, 2012 |
In Millions, unless otherwise specified | |
Business Combinations [Abstract] | ' |
Business Combination, goodwill tax deductible | $128.80 |
Identifiable_Intangible_Assets
Identifiable Intangible Assets (Detail) (USD $) | 1 Months Ended |
In Millions, unless otherwise specified | Apr. 30, 2012 |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | $1,986.40 |
Database and credit files | ' |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | 765 |
Estimated useful life | '15 years |
Technology and software | ' |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | 364.6 |
Estimated useful life | '7 years |
Trade names and trademarks | ' |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | 546.1 |
Estimated useful life | '40 years |
Customer relationships | ' |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | 308 |
Estimated useful life | '20 years |
Other | ' |
Identifiable Intangibles [Line Items] | ' |
Total identifiable intangible assets | $2.70 |
Estimated useful life | '5 years |
Financial_Instruments_Measured
Financial Instruments Measured At Fair Value, on Recurring Basis (Detail) (USD $) | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 04, 2013 |
In Millions, unless otherwise specified | Fair Value, Recurring | Level 1 | Level 2 | eScan | eScan | |
Fair Value, Recurring | Fair Value, Recurring | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Percentage of outstanding common stock acquired | 100.00% | ' | ' | ' | ' | 100.00% |
Maximum payout for contingent obligation | ' | ' | ' | ' | $17 | ' |
Financial instruments measured at fair value, on a recurring basis | ' | ' | ' | ' | ' | ' |
Trading securities | ' | 11.6 | 11.6 | 0 | ' | ' |
Interest rate swaps | ' | -1.8 | 0 | -1.8 | ' | ' |
Total financial instruments at fair value | ' | $9.80 | $11.60 | ($1.80) | ' | ' |
Other_Current_Assets_Detail
Other Current Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other Assets, Current [Line Items] | ' | ' |
Prepaid expenses | $24.70 | $33.80 |
Deferred financing fees | 6.4 | 5.7 |
Deferred income tax assets | 26.2 | 36.3 |
Income taxes receivable | 3.6 | 4.7 |
Other | 3 | 2.2 |
Total other current assets | 63.9 | 82.7 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Other Assets, Current [Line Items] | ' | ' |
Prepaid expenses | 24.7 | 33.8 |
Deferred financing fees | 0.2 | 0 |
Deferred income tax assets | 4.7 | 18.9 |
Income taxes receivable | 0 | 3.8 |
Receivable from TransUnion Holding | 3.6 | 0 |
Other | 2.9 | 2.2 |
Total other current assets | $36.10 | $58.70 |
Other_Assets_Detail
Other Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other assets | ' | ' |
Total investments in affiliated companies | $89.70 | $88.60 |
Deferred financing fees | 30.2 | 34 |
Deposits | 14.8 | 6.3 |
Other | 0.8 | 0.9 |
Total other assets | 135.5 | 129.8 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Other assets | ' | ' |
Total investments in affiliated companies | 89.7 | 88.6 |
Deferred financing fees | 0.5 | 0 |
Deposits | 14.8 | 6.3 |
Other | 0.8 | 0.8 |
Total other assets | $105.80 | $95.70 |
Investments_in_Affiliated_Comp2
Investments in Affiliated Companies - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | ' | ' |
Ownership interest percentage | 20.00% | ' |
Impairments of investments in affiliated companies | $0 | $0 |
Investments_in_Affiliated_Comp3
Investments in Affiliated Companies (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Total investments in affiliated companies | $89.70 | $88.60 |
Total equity method investments | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Total equity method investments | 81.8 | 80.7 |
Total cost method investments | ' | ' |
Investments in and Advances to Affiliates [Line Items] | ' | ' |
Total cost method investments | $7.90 | $7.90 |
Earnings_and_Dividends_from_Eq
Earnings and Dividends from Equity Method of Investment (Detail) (USD $) | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||
Investments in and Advances to Affiliates [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Earnings from equity method investments | $5.30 | $10.30 | $3 | $2.90 | $5.30 | $10.30 | $4.10 |
Dividends received from equity method investments | $8.30 | $9.40 | ' | ' | $8.30 | ' | $0.40 |
Summarized_Financial_Informati
Summarized Financial Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Equity Method Investment Summarized Financial Information | ' |
Revenue | $72.30 |
Operating Income | 34.5 |
Income from continuing operations | 28.7 |
Net income | $28.70 |
Other_Current_Liabilities_Deta
Other Current Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other Liabilities Current [Line Items] | ' | ' |
Accrued payroll | $56.90 | $64.20 |
Accrued interest | 35.1 | 25.8 |
Deferred revenue | 8.4 | 12.5 |
Accrued employee benefits | 10.1 | 10.6 |
Accrued liabilities | 6.4 | 5.6 |
Other | 13.8 | 10.6 |
Total other current liabilities | 130.7 | 129.3 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Other Liabilities Current [Line Items] | ' | ' |
Accrued payroll | 56.9 | 64.2 |
Accrued interest | 23.2 | 3.7 |
Income taxes payable | 9.9 | 0 |
Deferred revenue | 8.4 | 12.5 |
Accrued employee benefits | 10.1 | 10.6 |
Accrued liabilities | 6.4 | 5.6 |
Other | 13.7 | 10.4 |
Total other current liabilities | $128.60 | $107 |
Other_Current_Liabilities_Addi
Other Current Liabilities - Additional Information (Detail) (TransUnion Corp, TransUnion Corp-Successor, USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
TransUnion Corp | TransUnion Corp-Successor | ' |
Other Liabilities Current [Line Items] | ' |
Increase (decrease) in accrued interest | $19.50 |
Other_Liabilities_Detail
Other Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other liabilities | ' | ' |
Deferred income taxes | $652.60 | $657.50 |
Retirement benefits | 9.8 | 10.6 |
Unrecognized tax benefits | 4.9 | 4.9 |
Other | 10.8 | 6.4 |
Total other liabilities | 678.1 | 679.4 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Other liabilities | ' | ' |
Deferred income taxes | 642.1 | 645.8 |
Retirement benefits | 9.8 | 10.6 |
Unrecognized tax benefits | 4.8 | 4.8 |
Other | 10.6 | 6.2 |
Total other liabilities | $667.30 | $667.40 |
Debt_outstanding_Detail
Debt outstanding (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | $2,726.60 | $2,680.90 |
Less short-term debt and current portion of long-term debt | -76.1 | -10.6 |
Total long-term debt | 2,650.50 | 2,670.30 |
Senior secured term loan | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 916.3 | 923.4 |
Senior secured revolving line of credit | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 65 | ' |
11.375% Senior notes | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 745.5 | 758.4 |
9.625% Senior notes | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 600 | 600 |
8.125% Senior notes | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 398.2 | 398 |
10.0% Note payable | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | ' | 0.9 |
Capital lease obligations | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 1.6 | 0.2 |
TransUnion Corp | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 1,728.40 | 1,682.90 |
Less short-term debt and current portion of long-term debt | -76.1 | -10.6 |
Total long-term debt | 1,652.30 | 1,672.30 |
TransUnion Corp | Senior secured term loan | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 916.3 | 923.4 |
TransUnion Corp | Senior secured revolving line of credit | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 65 | ' |
TransUnion Corp | 11.375% Senior notes | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | 745.5 | 758.4 |
TransUnion Corp | 10.0% Note payable | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | ' | 0.9 |
TransUnion Corp | Capital lease obligations | TransUnion Corp-Successor | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt and capital lease obligations | $1.60 | $0.20 |
Debt_outstanding_Parenthetical
Debt outstanding (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Mar. 21, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Nov. 01, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Senior secured term loan | Senior secured term loan | Senior secured revolving line of credit | Senior secured revolving line of credit | 11.375% Senior notes | 11.375% Senior notes | 9.625% Senior notes | 9.625% Senior notes | 9.625% Senior notes | 9.625% Senior notes | 8.125% Senior notes | 8.125% Senior notes | 8.125% Senior notes | 10.0% Note payable | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp |
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | |||||||||||||||
Senior secured term loan | Senior secured term loan | Senior secured revolving line of credit | Senior secured revolving line of credit | 11.375% Senior notes | 11.375% Senior notes | 10.0% Note payable | |||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate | ' | ' | ' | ' | 11.38% | 11.38% | 9.63% | 9.63% | 9.63% | 9.63% | 8.13% | 8.13% | 8.13% | ' | ' | ' | ' | ' | 11.38% | 11.38% | ' |
Variable interest rate | 4.25% | ' | 4.63% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.25% | ' | 4.63% | ' | ' | ' | ' |
Imputed interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | 10.00% |
Unamortized fair value adjustment | ' | ' | ' | ' | ($100.50) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($100.50) | ' | ' |
Maturity date | '2/10/2019 | '2/10/2019 | '2/10/2017 | '2/10/2017 | '6/15/2018 | '6/15/2018 | '6/15/2018 | '6/15/2018 | ' | 'June 15, 2018 | '6/15/2018 | '6/15/2018 | 'June 15, 2018 | '4/15/2013 | '2/10/2019 | '2/10/2019 | '2/10/2017 | '2/10/2017 | '6/15/2018 | '6/15/2018 | '4/15/2013 |
Unamortized discount at September 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Interest_Expense_Details
Debt Interest Expense (Details) (USD $) | 7 Months Ended | 9 Months Ended | 7 Months Ended | 9 Months Ended | 7 Months Ended | 9 Months Ended | 7 Months Ended | 9 Months Ended | 9 Months Ended | 7 Months Ended | 9 Months Ended | 5 Months Ended | 9 Months Ended | 5 Months Ended | 9 Months Ended | 5 Months Ended | 9 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Mar. 21, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 |
Senior secured term loan | Senior secured term loan | Senior secured revolving line of credit | 11.375% Senior notes | 11.375% Senior notes | Nine Point Six Two Five Percent Fixed Interest Per Annum Trans Union Holding Senior Unsecured [Member] | Nine Point Six Two Five Percent Fixed Interest Per Annum Trans Union Holding Senior Unsecured [Member] | Nine Point Six Two Five Percent Fixed Interest Per Annum Trans Union Holding Senior Unsecured [Member] | 8.125% Senior notes | Other | Other | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | ||||||||||||||
Senior secured term loan | Senior secured term loan | Senior secured revolving line of credit | 11.375% Senior notes | 11.375% Senior notes | Other | Other | Senior secured term loan | 11.375% Senior notes | Other | |||||||||||||||||
Senior notes, interest rate | ' | ' | ' | ' | ' | 11.38% | 11.38% | 9.63% | 9.63% | 9.63% | 8.13% | ' | ' | ' | ' | ' | ' | ' | 11.38% | 11.38% | ' | ' | ' | ' | 11.38% | ' |
Total interest | $77.40 | $148.10 | $21.90 | $33 | $0.20 | $24 | $42.10 | $31.40 | $46.60 | ' | $25.50 | $0.10 | $0.70 | $46 | $75.90 | $21.90 | $33 | $0.20 | $24 | $42.10 | $0.10 | $0.60 | $40.50 | $15.60 | $25.10 | ($0.20) |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Mar. 21, 2012 | Nov. 01, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Feb. 05, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jun. 15, 2010 | Sep. 30, 2013 | Sep. 03, 2013 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
9.625% Senior notes | 9.625% Senior notes | 9.625% Senior notes | 9.625% Senior notes | 8.125% Senior notes | 8.125% Senior notes | 8.125% Senior notes | 11.375% Senior notes | 11.375% Senior notes | Senior Loans [Member] | Senior Loans [Member] | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | Senior secured revolving line of credit | Senior secured revolving line of credit | Senior secured revolving line of credit | Swap | Swap | Swap | |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | ||||||||||||
11.375% Senior notes | 11.375% Senior notes | 11.375% Senior notes | Senior Loans [Member] | Senior Loans [Member] | Senior Loans [Member] | 11.375% Senior notes | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | ||||||||||||
eScan | eScan | |||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes | ' | ' | ' | $600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Offering Price | ' | ' | ' | ' | 99.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount issued | ' | ' | ' | ' | 400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 950,000,000 | ' | 645,000,000 | ' | ' | ' | ' | ' | ' |
Debt instrument maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured revolving line of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 210,000,000 | ' | ' | ' | ' | ' |
Loan related fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Previous floor rate on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floor rate on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Previous margin rate on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin rate on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extended term loan maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'one year to February 2019 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
First required excess cash payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount borrowed to fund acquisitions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,000,000 | ' | ' | ' | ' |
Amount outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,000,000 | ' | ' | ' |
Net leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.01 | ' | ' | ' | ' | ' |
Fixed rate of interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.03% | ' | ' |
Percentage variable rate of interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | ' | ' |
Period of LIBOR interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 months | ' | ' |
Notional amount of swaps | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 475,000,000 | ' |
Fair value of swap instrument, liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' |
Unrealized loss, net of tax, on swap instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | ' |
Derivative, description of variable rate basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Interest equal to the greater of 1.50% or the 3-month LIBOR |
Maturity date | '6/15/2018 | '6/15/2018 | ' | 'June 15, 2018 | 'June 15, 2018 | '6/15/2018 | '6/15/2018 | '6/15/2018 | '6/15/2018 | '2/10/2019 | '2/10/2019 | ' | '6/15/2018 | '6/15/2018 | ' | '2/10/2019 | '2/10/2019 | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate | 9.63% | 9.63% | 9.63% | 9.63% | 8.13% | 8.13% | 8.13% | 11.38% | 11.38% | ' | ' | ' | 11.38% | 11.38% | ' | ' | ' | 11.38% | ' | ' | ' | ' | ' | ' |
PIK rate percentage on notes | ' | ' | 10.38% | 10.38% | 8.88% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase accounting adjustment, senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 124,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of long term debts | 600,000,000 | ' | ' | ' | ' | 398,200,000 | ' | ' | ' | ' | ' | ' | 745,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long term debt fair value | $652,500,000 | ' | ' | ' | ' | $424,000,000 | ' | ' | ' | ' | ' | ' | $718,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 7 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | |||||
In Millions, unless otherwise specified | Apr. 30, 2012 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||||||
Income Tax [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Expense due to retroactive reinstatement of look-through rule | $5.50 | ' | ($4.60) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective tax benefit rate | ' | 156.00% | ' | 27.80% | 52.60% | ' | 28.30% | 32.40% | 36.40% | 30.90% | ' | 18.00% |
U.S. federal statutory rate | ' | 35.00% | ' | 35.00% | 35.00% | ' | 35.00% | 35.00% | 35.00% | 35.00% | ' | 35.00% |
Unrecognized tax benefits | ' | 4.9 | ' | ' | ' | 4.9 | 4.8 | ' | ' | 4.8 | 4.8 | ' |
Accrued interest payable for taxes | ' | 0.6 | ' | ' | ' | 0.5 | 0.6 | ' | ' | 0.6 | 0.5 | ' |
Liability for income tax penalties | ' | $0 | ' | ' | ' | ' | $0 | ' | ' | $0 | ' | ' |
Operating_Segments_Additional_
Operating Segments - Additional Information (Detail) (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Number of operating segments | ' | ' | ' | 3 |
Number of market groups in the international segment | ' | ' | ' | 2 |
TransUnion Holding Company, Inc. | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Amount of additional corporate expenses | $0.40 | $0.30 | $0.70 | $1.10 |
Selected_Financial_Information
Selected Financial Information (Detail) (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | ||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | |||||
U.S. Information Services | U.S. Information Services | U.S. Information Services | U.S. Information Services | International | International | International | International | Interactive | Interactive | Interactive | Interactive | Corporate | Corporate | Corporate | Corporate | U.S. Information Services | International | Interactive | Corporate | ||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $299.50 | $291.70 | $482.60 | $890.80 | $299.50 | $291.70 | $482.60 | $890.80 | $188.30 | $186.10 | $309.40 | $560 | $60.60 | $59.80 | $97.30 | $177.50 | $50.60 | $45.80 | $75.90 | $153.30 | ' | ' | ' | ' | $373 | $238.10 | $76.60 | $58.30 | ' |
Operating income (loss) | $49.30 | $61.30 | $97.80 | $132.90 | $49.70 | $61.60 | $98.50 | $134 | $41.90 | $47.50 | $80.80 | $122.20 | $9 | $9.90 | $13 | $15.40 | $16.70 | $20.40 | $31.40 | $48 | ($17.90) | ($16.20) | ($26.70) | ($51.60) | ($0.20) | $33.20 | $5.30 | $13 | ($51.70) |
Reconciliation_of_Operating_In
Reconciliation of Operating Income (Loss) to Income from Continuing Operations Before Income Tax (Detail) (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating income (loss) from segments | $49.30 | $61.30 | $97.80 | $132.90 | $49.70 | $61.60 | $98.50 | $134 | ($0.20) |
Non-operating income and expense | -46.8 | -42.6 | -92.1 | -144.3 | -22.5 | -27.6 | -45.5 | -72.1 | -63.7 |
Income (loss) before income taxes | $2.50 | $18.70 | $5.70 | ($11.40) | $27.20 | $34 | $53 | $61.90 | ($63.90) |
Earning_from_Equity_Method_Inv
Earning from Equity Method Investments Included in Other Income and Expense Net (Detail) (USD $) | 7 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | |||||
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 |
TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | TransUnion Corp-Predecessor | |||
U.S. Information Services | U.S. Information Services | U.S. Information Services | U.S. Information Services | International | International | International | International | U.S. Information Services | International | ||||||||
Segment Reporting, Other Significant Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other income and expense, net from equity method investments | $5.30 | $10.30 | $3 | $2.90 | $5.30 | $10.30 | $0.30 | $0.40 | $0.70 | $1.10 | $2.70 | $2.50 | $4.60 | $9.20 | $4.10 | $0.50 | $3.60 |
Consolidating_Balance_Sheet_De
Consolidating Balance Sheet (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Feb. 15, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Apr. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Apr. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Apr. 30, 2012 |
In Millions, unless otherwise specified | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Eliminations | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | ||||
TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | |||||
Current assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $117.50 | $154.30 | $127.20 | $0 | $22.60 | $75.30 | $59 | $35.20 | ' | ' | ' | ' | $94.90 | $79 | $68.20 | $61.20 | ' | ' | $117.50 | $154.30 | $127.20 | $96.40 |
Trade accounts receivable, net | 183.7 | 163.6 | ' | ' | ' | ' | ' | ' | 104.9 | 98 | 26.9 | 19.5 | 51.9 | 46.1 | ' | ' | ' | ' | 183.7 | 163.6 | ' | ' |
Due from affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 10.7 | ' | ' | 46.2 | 58.3 | 56.7 | ' | ' | -69 | -102.9 | ' | ' | ' | ' |
Other current assets | 63.9 | 82.7 | ' | ' | -14.5 | -0.3 | ' | ' | 43.9 | 52.7 | -0.4 | -0.7 | 7.1 | 7 | ' | ' | ' | ' | 36.1 | 58.7 | ' | ' |
Total current assets | 365.1 | 400.6 | ' | ' | 8.1 | 75 | ' | ' | 159.5 | 150.7 | 26.5 | 65 | 212.2 | 188.8 | ' | ' | -69 | -102.9 | 337.3 | 376.6 | ' | ' |
Property, plant and equipment, net | 125.2 | 121.2 | ' | ' | ' | ' | ' | ' | 98.6 | 95.8 | 8.2 | 7.8 | 18.4 | 17.6 | ' | ' | ' | ' | 125.2 | 121.2 | ' | ' |
Other marketable securities | 11.6 | 11.4 | ' | ' | ' | ' | ' | ' | 11.6 | 11.4 | ' | ' | ' | ' | ' | ' | ' | ' | 11.6 | 11.4 | ' | ' |
Goodwill | 1,855.40 | 1,804.20 | ' | ' | ' | ' | ' | ' | 1,145.60 | 961.6 | 199.9 | 324.6 | 509.9 | 518 | ' | ' | ' | ' | 1,855.40 | 1,804.20 | ' | ' |
Other intangibles, net | 1,882.20 | 1,911.60 | ' | ' | ' | ' | ' | ' | 1,560.80 | 1,629.60 | 135.7 | 75.8 | 185.7 | 206.2 | ' | ' | ' | ' | 1,882.20 | 1,911.60 | ' | ' |
Other assets | 135.5 | 129.8 | ' | ' | 1,624.50 | 1,611.80 | ' | ' | 1,093.90 | 1,235.20 | 2.5 | 2.2 | 49.2 | 42.4 | ' | ' | -2,664.30 | -2,795.90 | 105.8 | 95.7 | ' | ' |
Total assets | 4,375 | 4,378.80 | ' | ' | 1,632.60 | 1,686.80 | ' | ' | 4,070 | 4,084.30 | 372.8 | 475.4 | 975.4 | 973 | ' | ' | -2,733.30 | -2,898.80 | 4,317.50 | 4,320.70 | ' | ' |
Current liabilities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trade accounts payable | 82.3 | 78.4 | ' | ' | 0.1 | ' | ' | ' | 46.3 | 43.2 | 22.5 | 18.9 | 13.1 | 15.4 | ' | ' | ' | ' | 82 | 77.5 | ' | ' |
Due to affiliates | ' | ' | ' | ' | 43.8 | 14.9 | ' | ' | ' | 82.5 | 7.1 | ' | ' | ' | ' | ' | -50.9 | -97.4 | ' | ' | ' | ' |
Short-term debt and current portion of long-term debt | 76.1 | 10.6 | ' | ' | ' | ' | ' | ' | 76.1 | 9.5 | ' | ' | 18 | 6.6 | ' | ' | -18 | -5.5 | 76.1 | 10.6 | ' | ' |
Other current liabilities | 130.7 | 129.3 | ' | ' | 15.6 | 7.9 | ' | ' | 81.9 | 68.4 | 5.7 | 7.2 | 25.4 | 23.5 | ' | ' | ' | ' | 128.6 | 107 | ' | ' |
Total current liabilities | 289.1 | 218.3 | ' | ' | 59.5 | 22.8 | ' | ' | 204.3 | 203.6 | 35.3 | 26.1 | 56.5 | 45.5 | ' | ' | -68.9 | -102.9 | 286.7 | 195.1 | ' | ' |
Long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | 1,652.30 | 1,672.30 | ' | ' | 6.5 | 6.5 | ' | ' | -6.5 | -6.5 | 1,652.30 | 1,672.30 | ' | ' |
Other liabilities | 678.1 | 679.4 | ' | ' | -29.7 | -13.9 | ' | ' | 585.5 | 589.6 | 32.7 | 2 | 78.8 | 89.7 | ' | ' | ' | ' | 667.3 | 667.4 | ' | ' |
Total liabilities | 3,617.70 | 3,568 | ' | ' | 29.8 | 8.9 | ' | ' | 2,442.10 | 2,465.50 | 68 | 28.1 | 141.8 | 141.7 | ' | ' | -75.4 | -109.4 | 2,606.30 | 2,534.80 | ' | ' |
Redeemable noncontrolling interests | 18.5 | 14.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18.5 | 14.7 | ' | ' | ' | ' | 18.5 | 14.7 | ' | ' |
Total TransUnion Corp. stockholders' equity | 648.9 | 702.8 | ' | ' | 1,602.80 | 1,677.90 | ' | ' | 1,627.90 | 1,618.80 | 304.8 | 447.3 | 725.2 | 723.3 | ' | ' | -2,657.90 | -2,789.40 | 1,602.80 | 1,677.90 | ' | ' |
Noncontrolling interests | 89.9 | 93.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 89.9 | 93.3 | ' | ' | ' | ' | 89.9 | 93.3 | ' | ' |
Total stockholders’ equity | 738.8 | 796.1 | ' | ' | 1,602.80 | 1,677.90 | ' | ' | 1,627.90 | 1,618.80 | 304.8 | 447.3 | 815.1 | 816.6 | ' | ' | -2,657.90 | -2,789.40 | 1,692.70 | 1,771.20 | ' | ' |
Total liabilities and stockholders’ equity | $4,375 | $4,378.80 | ' | ' | $1,632.60 | $1,686.80 | ' | ' | $4,070 | $4,084.30 | $372.80 | $475.40 | $975.40 | $973 | ' | ' | ($2,733.30) | ($2,898.80) | $4,317.50 | $4,320.70 | ' | ' |
Consolidating_Statement_of_Inc
Consolidating Statement of Income (Details) (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 |
Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Eliminations | Eliminations | Eliminations | Eliminations | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | |||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue | $299.50 | $291.70 | $482.60 | $890.80 | ' | ' | ' | ' | ' | $228.70 | $178.60 | $178.60 | $295.50 | $535.20 | $82.50 | $69.40 | $61.10 | $103.50 | $205.40 | $84.60 | $66.30 | $66.10 | $109.80 | $195.30 | ($22.80) | ($14.80) | ($14.10) | ($26.20) | ($45.10) | $373 | $299.50 | $291.70 | $482.60 | $890.80 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of services | 115.9 | 111.5 | 186.2 | 354.9 | ' | ' | ' | ' | ' | 122.6 | 78.6 | 73.7 | 125.4 | 235.4 | 36.1 | 28.9 | 27.4 | 45.5 | 90.8 | 29.6 | 18.5 | 19.7 | 32.8 | 59.3 | -16.3 | -10.1 | -9.3 | -17.5 | -30.6 | 172 | 115.9 | 111.5 | 186.2 | 354.9 |
Selling, general and administrative | 86.3 | 75.8 | 126.5 | 264.5 | 0.1 | ' | ' | 0.1 | ' | 120 | 51.2 | 49.6 | 80.8 | 158.5 | 30.5 | 19.9 | 13.2 | 24.4 | 59.1 | 28.3 | 19.7 | 17.8 | 29.7 | 61.1 | -6.9 | -4.9 | -5.1 | -9.2 | -15.3 | 172 | 85.9 | 75.5 | 125.8 | 263.4 |
Depreciation and amortization | 48 | 43.1 | 72.1 | 138.5 | ' | ' | ' | ' | ' | 19.8 | 37.7 | 35.5 | 59.2 | 109 | 5.9 | 4.5 | 1.6 | 4.8 | 11.5 | 3.5 | 5.8 | 6 | 8.1 | 18 | ' | ' | ' | ' | ' | 29.2 | 48 | 43.1 | 72.1 | 138.5 |
Total operating expenses | 250.2 | 230.4 | 384.8 | 757.9 | 0.1 | ' | ' | 0.1 | ' | 262.4 | 167.5 | 158.8 | 265.4 | 502.9 | 72.5 | 53.3 | 42.2 | 74.7 | 161.4 | 61.4 | 44 | 43.5 | 70.6 | 138.4 | -23.2 | -15 | -14.4 | -26.7 | -45.9 | 373.2 | 249.8 | 230.1 | 384.1 | 756.8 |
Operating income | 49.3 | 61.3 | 97.8 | 132.9 | -0.1 | ' | ' | -0.1 | ' | -33.7 | 11.1 | 19.8 | 30.1 | 32.3 | 10 | 16.1 | 18.9 | 28.8 | 44 | 23.2 | 22.3 | 22.6 | 39.2 | 56.9 | 0.4 | 0.2 | 0.3 | 0.5 | 0.8 | -0.2 | 49.7 | 61.6 | 98.5 | 134 |
Non-operating income and expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | -49 | -42.6 | -77.4 | -148.1 | -0.3 | ' | ' | ' | ' | -40.2 | -24.8 | -27.7 | -46 | -75.9 | ' | ' | ' | ' | 0.1 | -0.3 | -0.3 | 0 | -0.1 | -0.8 | 0.3 | 0.2 | 0.1 | 0.1 | 0.7 | -40.5 | -24.9 | -27.6 | -46 | -75.9 |
Interest income | 0.8 | 0.6 | 0.7 | 1.3 | 0.3 | ' | ' | ' | ' | 0.3 | 0.2 | 0.1 | 0.1 | 0.8 | ' | ' | ' | ' | ' | 0.3 | 0.8 | 0.6 | 0.7 | 1.2 | -0.3 | -0.2 | -0.1 | -0.1 | -0.7 | 0.6 | 0.8 | 0.6 | 0.7 | 1.3 |
Other income and (expense), net | 1.4 | -0.6 | -15.4 | 2.5 | -72.7 | 18.7 | 27.6 | 41.7 | 43.9 | 23.4 | 32.6 | 36 | 58.3 | 87.7 | ' | 0 | 0.1 | ' | 1.6 | -0.4 | -0.3 | -3.1 | -3.3 | -0.5 | 25.9 | -49.4 | -61.2 | -96.9 | -130.2 | -23.8 | 1.6 | -0.6 | -0.2 | 2.5 |
Total non-operating income and expense | -46.8 | -42.6 | -92.1 | -144.3 | -72.7 | 18.7 | 27.6 | 41.7 | 43.9 | -16.5 | 8 | 8.4 | 12.4 | 12.6 | ' | 0 | 0.1 | ' | 1.7 | -0.4 | 0.2 | -2.5 | -2.7 | -0.1 | 25.9 | -49.4 | -61.2 | -96.9 | -130.2 | -63.7 | -22.5 | -27.6 | -45.5 | -72.1 |
Income (loss) before income taxes | 2.5 | 18.7 | 5.7 | -11.4 | -72.8 | 18.7 | 27.6 | 41.6 | 43.9 | -50.2 | 19.1 | 28.2 | 42.5 | 44.9 | 10 | 16.1 | 19 | 28.8 | 45.7 | 22.8 | 22.5 | 20.1 | 36.5 | 56.8 | 26.3 | -49.2 | -60.9 | -96.4 | -129.4 | -63.9 | 27.2 | 34 | 53 | 61.9 |
(Provision) benefit for income taxes | -3.9 | -5.2 | -3 | -1.1 | 17.9 | -1.2 | -6.8 | -11.2 | -6.1 | -1.6 | -0.3 | -0.5 | -0.5 | -0.8 | ' | ' | -0.2 | -0.2 | -0.2 | -4.8 | -6.2 | -3.5 | -7.4 | -12 | ' | ' | ' | ' | ' | 11.5 | -7.7 | -11 | -19.3 | -19.1 |
Net income (loss) | -1.4 | 13.5 | 2.7 | -12.5 | -54.9 | 17.5 | 20.8 | 30.4 | 37.8 | -51.8 | 18.8 | 27.7 | 42 | 44.1 | 10 | 16.1 | 18.8 | 28.6 | 45.5 | 18 | 16.3 | 16.6 | 29.1 | 44.8 | 26.3 | -49.2 | -60.9 | -96.4 | -129.4 | -52.4 | 19.5 | 23 | 33.7 | 42.8 |
Less: net income attributable to noncontrolling interests | -2 | -2.2 | -3.3 | -5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2.5 | -2 | -2.2 | -3.3 | -5 | ' | ' | ' | ' | ' | -2.5 | -2 | -2.2 | -3.3 | -5 |
Net income (loss) attributable to parent | ($3.40) | $11.30 | ($0.60) | ($17.50) | ($54.90) | $17.50 | $20.80 | $30.40 | $37.80 | ($51.80) | $18.80 | $27.70 | $42 | $44.10 | $10 | $16.10 | $18.80 | $28.60 | $45.50 | $15.50 | $14.30 | $14.40 | $25.80 | $39.80 | $26.30 | ($49.20) | ($60.90) | ($96.40) | ($129.40) | ($54.90) | $17.50 | $20.80 | $30.40 | $37.80 |
Consolidating_Statement_of_Com
Consolidating Statement of Comprehensive Income (Details) (USD $) | 3 Months Ended | 7 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 3 Months Ended | 5 Months Ended | 9 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 |
Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Parent TransUnion Corp. | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Eliminations | Eliminations | Eliminations | Eliminations | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||||
TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Successor | |||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | ($1.40) | $13.50 | $2.70 | ($12.50) | ($54.90) | $17.50 | $20.80 | $30.40 | $37.80 | ($51.80) | $18.80 | $27.70 | $42 | $44.10 | $10 | $16.10 | $18.80 | $28.60 | $45.50 | $18 | $16.30 | $16.60 | $29.10 | $44.80 | $26.30 | ($49.20) | ($60.90) | ($96.40) | ($129.40) | ($52.40) | $19.50 | $23 | $33.70 | $42.80 |
Other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | -2.4 | -1.2 | -7.6 | -46.1 | 2.2 | -2.2 | -1.3 | -6.9 | -42.6 | 2.2 | -2.2 | -1.3 | -6.9 | -42.6 | ' | ' | ' | ' | ' | 2.5 | -2.4 | -1.2 | -7.6 | -46.1 | -4.4 | 4.4 | 2.6 | 13.8 | 85.2 | 2.5 | -2.4 | -1.2 | -7.6 | -46.1 |
Net unrealized gain on hedges | -0.5 | -1.4 | -3.4 | 2.6 | ' | -0.5 | -1.4 | -3.4 | 2.6 | ' | -0.5 | -1.4 | -3.4 | 2.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.5 | 1.4 | 3.4 | -2.6 | 0 | -0.5 | -1.4 | -3.4 | 2.6 |
Total other comprehensive loss, net of tax | -2.9 | -2.6 | -11 | -43.5 | 2.2 | -2.7 | -2.7 | -10.3 | -40 | 2.2 | -2.7 | -2.7 | -10.3 | -40 | ' | ' | ' | ' | ' | 2.5 | -2.4 | -1.2 | -7.6 | -46.1 | -4.4 | 4.9 | 4 | 17.2 | 82.6 | 2.5 | -2.9 | -2.6 | -11 | -43.5 |
Comprehensive income (loss) | -4.3 | 10.9 | -8.3 | -56 | -52.7 | 14.8 | 18.1 | 20.1 | -2.2 | -49.6 | 16.1 | 25 | 31.7 | 4.1 | 10 | 16.1 | 18.8 | 28.6 | 45.5 | 20.5 | 13.9 | 15.4 | 21.5 | -1.3 | 21.9 | -44.3 | -56.9 | -79.2 | -46.8 | -49.9 | 16.6 | 20.4 | 22.7 | -0.7 |
Less: comprehensive income attributable to noncontrolling interests | -1.8 | -2.3 | -2.6 | -1.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2.8 | -1.8 | -2.3 | -2.6 | -1.5 | ' | ' | ' | ' | ' | -2.8 | -1.8 | -2.3 | -2.6 | -1.5 |
Comprehensive income (loss) attributable to parent | ($6.10) | $8.60 | ($10.90) | ($57.50) | ($52.70) | $14.80 | $18.10 | $20.10 | ($2.20) | ($49.60) | $16.10 | $25 | $31.70 | $4.10 | $10 | $16.10 | $18.80 | $28.60 | $45.50 | $17.70 | $12.10 | $13.10 | $18.90 | ($2.80) | $21.90 | ($44.30) | ($56.90) | ($79.20) | ($46.80) | ($52.70) | $14.80 | $18.10 | $20.10 | ($2.20) |
Consolidating_Statement_of_Cas
Consolidating Statement of Cash Flows (Details) (USD $) | 7 Months Ended | 9 Months Ended | 4 Months Ended | 9 Months Ended | 4 Months Ended | 9 Months Ended | 4 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | 9 Months Ended | 4 Months Ended | 5 Months Ended | 9 Months Ended | 4 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Apr. 30, 2012 |
Parent TransUnion Corp. | Parent TransUnion Corp. | Issuers Trans Union LLC and TransUnion Financing Corporation | Issuers Trans Union LLC and TransUnion Financing Corporation | Guarantor Subsidiaries | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Eliminations | Eliminations | TransUnion Corp | TransUnion Corp | TransUnion Corp | |||
TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | TransUnion Corp-Successor | TransUnion Corp-Successor | TransUnion Corp-Predecessor | |||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash provided by (used in) operating activities | ($17.90) | $111.10 | $25.30 | $34.80 | ($6.80) | ($3.50) | $110.50 | $4.50 | $20.60 | $57.70 | $16.50 | ' | $0.10 | $77.10 | $186.70 | $52.40 |
Cash flows from investing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures for property and equipment | -26.2 | -54.1 | ' | ' | -38.3 | -15.6 | -9.7 | -3.6 | -2.8 | -6.1 | -1.2 | ' | ' | -26.2 | -54.1 | -20.4 |
Proceeds from sale of trading securities | 0 | 2.2 | ' | ' | 2.2 | 1.1 | ' | ' | ' | ' | ' | ' | ' | 0 | 2.2 | 1.1 |
Investments in trading securities | -0.3 | -1.7 | ' | ' | -1.7 | -1.1 | ' | ' | ' | ' | ' | ' | ' | -0.3 | -1.7 | -1.1 |
Other acquisitions and purchases of noncontrolling interests, net of cash acquired | -10.5 | -135.8 | ' | ' | ' | ' | -104.2 | ' | -10.5 | -31.6 | -0.1 | ' | ' | -10.5 | -135.8 | -0.1 |
Proceeds from notes receivable | ' | ' | ' | ' | ' | 22.6 | ' | ' | 3.9 | ' | ' | ' | -22.6 | ' | ' | ' |
issuance of notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4.1 | ' | 4.1 | ' | ' | ' |
Proceeds from sale of other assets | 0 | 4.2 | ' | ' | 0.9 | ' | 3.2 | 0.2 | ' | 0.1 | ' | ' | ' | 0 | 4.2 | 0.2 |
Issuance of intercompany notes | ' | ' | ' | ' | -32 | ' | ' | ' | ' | ' | ' | 32 | ' | ' | ' | ' |
Proceeds from repayment of intercompany notes | ' | ' | ' | ' | 19.5 | ' | ' | ' | ' | ' | ' | -19.5 | ' | ' | ' | ' |
Acquisition related deposits | 0 | -9 | ' | ' | ' | ' | ' | ' | ' | -9 | ' | ' | ' | 0 | -9 | 0 |
Other | -1.5 | 1.7 | ' | ' | ' | ' | 0.2 | -0.3 | -1.5 | 1.5 | 1 | ' | ' | -1.5 | 1.7 | 0.7 |
Cash used in investing activities | -1,524.40 | -192.5 | ' | ' | -49.4 | 7 | -110.5 | -3.7 | -10.9 | -45.1 | -4.4 | 12.5 | -18.5 | -38.5 | -192.5 | -19.6 |
Cash flows from financing activities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from senior secured credit facility | 0 | 923.4 | ' | ' | 923.4 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 923.4 | 0 |
Extinguishment of senior secured credit facility | 0 | -923.4 | ' | ' | -923.4 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -923.4 | 0 |
Proceeds from senior secured revolving line of credit | 0 | 65 | ' | ' | 65 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 65 | 0 |
Repayments of debt | -4.8 | -8.7 | ' | -10.3 | -7.6 | -2.5 | ' | -0.9 | ' | -1.1 | -23.5 | ' | 22.6 | -4.8 | -8.7 | -14.6 |
Proceeds from capital lease | 0 | 2 | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 2 | 0 |
Debt financing fees | -16.8 | -4.1 | ' | ' | -3.2 | -6.1 | ' | ' | ' | ' | ' | ' | ' | 0 | -3.2 | -6.1 |
Distribution of merger consideration | ' | ' | ' | -1.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -1.3 |
Change in control transaction fees | ' | ' | ' | -20.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -0.3 | 0 | -20.9 |
Proceeds from issuance of debt | ' | ' | ' | ' | ' | 4.1 | ' | ' | ' | ' | ' | ' | -4.1 | ' | ' | ' |
Distributions to noncontrolling interests | -2.1 | -2.8 | ' | ' | ' | ' | ' | ' | -2.1 | -2.8 | -0.4 | ' | ' | -2.1 | -2.8 | -0.4 |
Other | 0 | 0 | ' | -1.7 | ' | ' | ' | ' | ' | ' | 0.1 | ' | -0.1 | 0 | 0 | -1.7 |
Dividends to TransUnion Holding | ' | ' | -78 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -78 | 0 |
Proceeds from intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | ' | -32 | ' | ' | ' | ' |
Repayment of intercompany notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19.5 | ' | 19.5 | ' | ' | ' | ' |
Cash provided by (used in) financing activities | 1,670.10 | 49.9 | -78 | -34.2 | 56.2 | -4.5 | ' | -0.9 | -2.1 | 8.6 | -23.8 | -12.5 | 18.4 | -7.2 | -25.7 | -45 |
Effect of exchange rate changes on cash and cash equivalents | -0.6 | -5.3 | ' | ' | ' | ' | ' | ' | -0.6 | -5.3 | 0.8 | ' | ' | -0.6 | -5.3 | 0.8 |
Net change in cash and cash equivalents | 127.2 | -36.8 | -52.7 | 0.6 | ' | -1 | ' | -0.1 | 7 | 15.9 | -10.9 | ' | ' | 30.8 | -36.8 | -11.4 |
Cash and cash equivalents, beginning of period | 0 | 154.3 | 75.3 | 34.6 | ' | 1 | ' | 0.1 | 61.2 | 79 | 72.1 | ' | ' | 96.4 | 154.3 | 107.8 |
Cash and cash equivalents, end of period | $127.20 | $117.50 | $22.60 | $35.20 | ' | ' | ' | ' | $68.20 | $94.90 | $61.20 | ' | ' | $127.20 | $117.50 | $96.40 |