Financial Statements of Guarantors | 12 Months Ended |
Dec. 31, 2013 |
Guarantees [Abstract] | ' |
Financial Statements of Guarantors | ' |
Financial Statements of Guarantors |
As discussed in Note 12, “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 wholly 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, results of operations 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 |
December 31, 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 | $ | 19.3 | | | $ | — | | | $ | — | | | $ | 91.9 | | | $ | — | | | $ | 111.2 | |
|
Trade accounts receivable, net | — | | | 95.3 | | | 26.3 | | | 43.4 | | | — | | | 165 | |
|
Due from affiliates | — | | | — | | | — | | | 58.3 | | | (58.3 | ) | | — | |
|
Other current assets | 36.9 | | | 37.8 | | | 1.2 | | | 5.1 | | | — | | | 81 | |
|
Total current assets | 56.2 | | | 133.1 | | | 27.5 | | | 198.7 | | | (58.3 | ) | | 357.2 | |
|
Property, plant and equipment, net | — | | | 108.1 | | | 19.2 | | | 23.1 | | | — | | | 150.4 | |
|
Marketable securities | — | | | 9.9 | | | — | | | — | | | — | | | 9.9 | |
|
Goodwill | — | | | 1,145.60 | | | 262.1 | | | 502 | | | — | | | 1,909.70 | |
|
Other intangibles, net | — | | | 1,537.40 | | | 213.6 | | | 183 | | | — | | | 1,934.00 | |
|
Other assets | 1,615.50 | | | 1,084.10 | | | 34.4 | | | 51.9 | | | (2,675.3 | ) | | 110.6 | |
|
Total assets | $ | 1,671.70 | | | $ | 4,018.20 | | | $ | 556.8 | | | $ | 958.7 | | | $ | (2,733.6 | ) | | $ | 4,471.80 | |
|
Liabilities and stockholders’ equity | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | |
Trade accounts payable | $ | — | | | $ | 55.7 | | | $ | 25.3 | | | $ | 19.2 | | | $ | — | | | $ | 100.2 | |
|
Due to Affiliates | 37.9 | | | 1.4 | | | 12 | | | | | | (51.3 | ) | | — | |
|
Current portion of long-term debt | — | | | 12.8 | | | 1 | | | 7 | | | (7.0 | ) | | 13.8 | |
|
Other current liabilities | 62.7 | | | 70.6 | | | 8.4 | | | 26 | | | — | | | 167.7 | |
|
Total current liabilities | 100.6 | | | 140.5 | | | 46.7 | | | 52.2 | | | (58.3 | ) | | 281.7 | |
|
Long-term debt | — | | | 1,852.80 | | | 2 | | | 6.5 | | | (6.5 | ) | | 1,854.80 | |
|
Deferred taxes | (13.5 | ) | | 542.6 | | | 25.9 | | | 69 | | | — | | | 624 | |
|
Other liabilities | — | | | 15.3 | | | 5.7 | | | 1.5 | | | — | | | 22.5 | |
|
Total liabilities | 87.1 | | | 2,551.20 | | | 80.3 | | | 129.2 | | | (64.8 | ) | | 2,783.00 | |
|
Redeemable noncontrolling interests | — | | | — | | | — | | | 17.6 | | | — | | | 17.6 | |
|
Total TransUnion Corp stockholders’ equity | 1,584.60 | | | 1,467.00 | | | 476.5 | | | 725.3 | | | (2,668.8 | ) | | 1,584.60 | |
|
Noncontrolling interests | — | | | — | | | — | | | 86.6 | | | — | | | 86.6 | |
|
Total stockholders’ equity | 1,584.60 | | | 1,467.00 | | | 476.5 | | | 811.9 | | | (2,668.8 | ) | | 1,671.20 | |
|
Total liabilities and stockholders’ equity | $ | 1,671.70 | | | $ | 4,018.20 | | | $ | 556.8 | | | $ | 958.7 | | | $ | (2,733.6 | ) | | $ | 4,471.80 | |
|
|
|
|
|
|
|
|
|
|
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Balance Sheet—Successor |
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 | |
|
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 | | | 17.6 | | | 42.4 | | | (2,811.3 | ) | | 95.7 | |
|
Total assets | $ | 1,686.80 | | | $ | 4,084.30 | | | $ | 490.8 | | | $ | 973 | | | $ | (2,914.2 | ) | | $ | 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 | ) | | — | |
|
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 | |
|
Deferred taxes | (13.9 | ) | | 569.1 | | | 1.8 | | | 88.8 | | | — | | | 645.8 | |
|
Other liabilities | — | | | 20.5 | | | 0.2 | | | 0.9 | | | — | | | 21.6 | |
|
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 | | | 462.7 | | | 723.3 | | | (2,804.8 | ) | | 1,677.90 | |
|
Noncontrolling interests | — | | | — | | | — | | | 93.3 | | | — | | | 93.3 | |
|
Total stockholders’ equity | 1,677.90 | | | 1,618.80 | | | 462.7 | | | 816.6 | | | (2,804.8 | ) | | 1,771.20 | |
|
Total liabilities and stockholders’ equity | $ | 1,686.80 | | | $ | 4,084.30 | | | $ | 490.8 | | | $ | 973 | | | $ | (2,914.2 | ) | | $ | 4,320.70 | |
|
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Income—Successor |
For the Year Ended December 31, 2013 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Revenue | $ | — | | | $ | 700.7 | | | $ | 279.7 | | | $ | 260.6 | | | $ | (57.8 | ) | | $ | 1,183.20 | |
|
Operating expenses | | | | | | | | | | | |
Cost of services | — | | | 311.3 | | | 118.9 | | | 81.3 | | | (39.1 | ) | | 472.4 | |
|
Selling, general and administrative | — | | | 208.7 | | | 81.6 | | | 83 | | | (19.8 | ) | | 353.5 | |
|
Depreciation and amortization | — | | | 146.9 | | | 15.6 | | | 24.3 | | | — | | | 186.8 | |
|
Total operating expenses | — | | | 666.9 | | | 216.1 | | | 188.6 | | | (58.9 | ) | | 1,012.70 | |
|
Operating income | — | | | 33.8 | | | 63.6 | | | 72 | | | 1.1 | | | 170.5 | |
|
Non-operating income and expense | | | | | | | | | | | |
Interest expense | — | | | (101.3 | ) | | 0.1 | | | (1.1 | ) | | 0.9 | | | (101.4 | ) |
|
Interest income | — | | | 0.9 | | | — | | | 1.6 | | | (0.8 | ) | | 1.7 | |
|
Earnings from equity method investments | 43.6 | | | 91.3 | | | 16.4 | | | 4.5 | | | (142.1 | ) | | 13.7 | |
|
Other income and (expense), net | (0.1 | ) | | (3.8 | ) | | (2.1 | ) | | (5.4 | ) | | (1.2 | ) | | (12.6 | ) |
Total non-operating income and expense | 43.5 | | | (12.9 | ) | | 14.4 | | | (0.4 | ) | | (143.2 | ) | | (98.6 | ) |
|
Income (loss) before income taxes | 43.5 | | | 20.9 | | | 78 | | | 71.6 | | | (142.1 | ) | | 71.9 | |
|
(Provision) benefit for income taxes | (0.3 | ) | | 22.7 | | | (28.6 | ) | | (15.6 | ) | | — | | | (21.8 | ) |
|
Net income (loss) | 43.2 | | | 43.6 | | | 49.4 | | | 56 | | | (142.1 | ) | | 50.1 | |
|
Less: net income attributable to noncontrolling interests | — | | | — | | | — | | | (6.9 | ) | | — | | | (6.9 | ) |
|
Net income (loss) attributable to TransUnion Corp | $ | 43.2 | | | $ | 43.6 | | | $ | 49.4 | | | $ | 49.1 | | | $ | (142.1 | ) | | $ | 43.2 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Comprehensive Income—Successor |
For the Year Ended December 31, 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 (loss) | $ | 43.2 | | | $ | 43.6 | | | $ | 49.4 | | | $ | 56 | | | $ | (142.1 | ) | | $ | 50.1 | |
|
Other comprehensive income (loss), net of tax | | | | | | | | | | | |
Foreign currency translation adjustment | (51.8 | ) | | (51.8 | ) | | — | | | (56.4 | ) | | 103.6 | | | (56.4 | ) |
|
Net unrealized loss on hedges | 3 | | | 3 | | | — | | | — | | | (3.0 | ) | | 3 | |
|
Total other comprehensive income (loss), net of tax | (48.8 | ) | | (48.8 | ) | | — | | | (56.4 | ) | | 100.6 | | | (53.4 | ) |
|
Comprehensive income (loss) | (5.6 | ) | | (5.2 | ) | | 49.4 | | | (0.4 | ) | | (41.5 | ) | | (3.3 | ) |
|
Less: comprehensive income attributable to noncontrolling interests | — | | | — | | | — | | | (2.3 | ) | | — | | | (2.3 | ) |
|
Comprehensive income (loss) attributable to TransUnion Corp | $ | (5.6 | ) | | $ | (5.2 | ) | | $ | 49.4 | | | $ | (2.7 | ) | | $ | (41.5 | ) | | $ | (5.6 | ) |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Income—Successor |
For the Eight Months Ended 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 | | | |
Revenue | $ | — | | | $ | 465.7 | | | $ | 168.2 | | | $ | 176.1 | | | $ | (43.0 | ) | | $ | 767 | |
|
Operating expenses | | | | | | | | | | | |
Cost of services | — | | | 202.3 | | | 72.9 | | | 52.9 | | | (29.9 | ) | | 298.2 | |
|
Selling, general and administrative | — | | | 135.5 | | | 39.3 | | | 50.9 | | | (14.0 | ) | | 211.7 | |
|
Depreciation and amortization | — | | | 91.3 | | | 7.7 | | | 16 | | | — | | | 115 | |
|
Total operating expenses | — | | | 429.1 | | | 119.9 | | | 119.8 | | | (43.9 | ) | | 624.9 | |
|
Operating income | — | | | 36.6 | | | 48.3 | | | 56.3 | | | 0.9 | | | 142.1 | |
|
Non-operating income and expense | | | | | | | | | | | |
Interest expense | — | | | (73.1 | ) | | — | | | 0.1 | | | 0.2 | | | (72.8 | ) |
|
Interest income | — | | | 0.2 | | | — | | | 0.8 | | | (0.2 | ) | | 0.8 | |
|
Earnings from equity method investments | 61.5 | | | 59.3 | | | — | | | 2.7 | | | (115.5 | ) | | 8 | |
|
Other income and (expense), net | (0.3 | ) | | 1.4 | | | — | | | (6.1 | ) | | (0.9 | ) | | (5.9 | ) |
|
Total non-operating income and expense | 61.2 | | | (12.2 | ) | | — | | | (2.5 | ) | | (116.4 | ) | | (69.9 | ) |
|
Income (loss) before income taxes | 61.2 | | | 24.4 | | | 48.3 | | | 53.8 | | | (115.5 | ) | | 72.2 | |
|
(Provision) benefit for income taxes | (18.2 | ) | | 37.1 | | | (21.8 | ) | | (21.4 | ) | | — | | | (24.3 | ) |
|
Net income (loss) | 43 | | | 61.5 | | | 26.5 | | | 32.4 | | | (115.5 | ) | | 47.9 | |
|
Less: net income attributable to noncontrolling interests | — | | | — | | | — | | | (4.9 | ) | | — | | | (4.9 | ) |
|
Net income (loss) attributable to TransUnion Corp | $ | 43 | | | $ | 61.5 | | | $ | 26.5 | | | $ | 27.5 | | | $ | (115.5 | ) | | $ | 43 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Comprehensive Income—Successor |
For the Eight Months Ended 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 | | | |
Net income (loss) | $ | 43 | | | $ | 61.5 | | | $ | 26.5 | | | $ | 32.4 | | | $ | (115.5 | ) | | $ | 47.9 | |
|
Other comprehensive income (loss), net of tax | | | | | | | | | | | |
Foreign currency translation adjustment | (20.7 | ) | | (20.7 | ) | | — | | | (22.7 | ) | | 41.4 | | | (22.7 | ) |
|
Net unrealized loss on hedges | (3.7 | ) | | (3.7 | ) | | — | | | — | | | 3.7 | | | (3.7 | ) |
|
Total other comprehensive income (loss), net of tax | (24.4 | ) | | (24.4 | ) | | — | | | (22.7 | ) | | 45.1 | | | (26.4 | ) |
|
Comprehensive income (loss) | 18.6 | | | 37.1 | | | 26.5 | | | 9.7 | | | (70.4 | ) | | 21.5 | |
|
Less: comprehensive income attributable to noncontrolling interests | — | | | — | | | — | | | (2.9 | ) | | — | | | (2.9 | ) |
|
Comprehensive income (loss) attributable to TransUnion Corp | $ | 18.6 | | | $ | 37.1 | | | $ | 26.5 | | | $ | 6.8 | | | $ | (70.4 | ) | | $ | 18.6 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Income—Predecessor |
For the Four Months Ended April 30, 2012 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| 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 | |
|
Earnings (loss) from equity method investments | (51.8 | ) | | 28.3 | | | — | | | 1.3 | | | 26.3 | | | 4.1 | |
|
Other income and (expense), net | (20.9 | ) | | (4.9 | ) | | — | | | (1.7 | ) | | (0.4 | ) | | (27.9 | ) |
|
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) benefit 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 |
For the Four Months Ended April 30, 2012 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Net income (loss) | $ | (54.9 | ) | | $ | (51.8 | ) | | $ | 10 | | | $ | 18 | | | $ | 26.3 | | | $ | (52.4 | ) |
|
Other comprehensive income (loss), net of tax | | | | | | | | | | | |
Foreign currency translation adjustment | 2.2 | | | 2.2 | | | — | | | 2.5 | | | (4.4 | ) | | 2.5 | |
|
Total other comprehensive income (loss), 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 Income—Predecessor |
For the Twelve Months Ended December 31, 2011 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Revenue | $ | — | | | $ | 637.3 | | | $ | 209.4 | | | $ | 238.4 | | | $ | (61.1 | ) | | $ | 1,024.00 | |
|
Operating expenses | | | | | | | | | | | |
Cost of services | — | | | 295.1 | | | 88.3 | | | 79.5 | | | (41.4 | ) | | 421.5 | |
|
Selling, general and administrative | 0.3 | | | 166.9 | | | 63 | | | 55.4 | | | (21.1 | ) | | 264.5 | |
|
Depreciation and amortization | — | | | 60.9 | | | 17.1 | | | 7.3 | | | — | | | 85.3 | |
|
Total operating expenses | 0.3 | | | 522.9 | | | 168.4 | | | 142.2 | | | (62.5 | ) | | 771.3 | |
|
Operating income (loss) | (0.3 | ) | | 114.4 | | | 41 | | | 96.2 | | | 1.4 | | | 252.7 | |
|
Non-operating income and expense | | | | | | | | | | | |
Interest expense | (1.3 | ) | | (124.9 | ) | | — | | | (0.2 | ) | | — | | | (126.4 | ) |
|
Interest income | — | | | 0.1 | | | — | | | 0.6 | | | — | | | 0.7 | |
|
Earnings from equity method investments | 42.9 | | | 89.9 | | | — | | | 3.2 | | | (124.6 | ) | | 11.4 | |
|
Other income and (expense), net | — | | | (61.9 | ) | | (0.1 | ) | | (7.9 | ) | | (1.4 | ) | | (71.3 | ) |
|
Total non-operating income and expense | 41.6 | | | (96.8 | ) | | (0.1 | ) | | (4.3 | ) | | (126.0 | ) | | (185.6 | ) |
|
Income (loss) before income taxes | 41.3 | | | 17.6 | | | 40.9 | | | 91.9 | | | (124.6 | ) | | 67.1 | |
|
Benefit (provision) for income taxes | (0.5 | ) | | 25.3 | | | (20.9 | ) | | (21.7 | ) | | — | | | (17.8 | ) |
|
Income (loss) from continuing operations | 40.8 | | | 42.9 | | | 20 | | | 70.2 | | | (124.6 | ) | | 49.3 | |
|
Discontinued operations, net of tax | — | | | — | | | — | | | (0.5 | ) | | — | | | (0.5 | ) |
|
Net income (loss) | 40.8 | | | 42.9 | | | 20 | | | 69.7 | | | (124.6 | ) | | 48.8 | |
|
Less: net income attributable to noncontrolling interests | — | | | — | | | — | | | (8.0 | ) | | — | | | (8.0 | ) |
|
Net income (loss) attributable to TransUnion Corp | $ | 40.8 | | | $ | 42.9 | | | $ | 20 | | | $ | 61.7 | | | $ | (124.6 | ) | | $ | 40.8 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Comprehensive Income—Predecessor |
For the Twelve Months Ended December 31, 2011 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Net income (loss) | $ | 40.8 | | | $ | 42.9 | | | $ | 20 | | | $ | 69.7 | | | $ | (124.6 | ) | | $ | 48.8 | |
|
Other comprehensive income (loss), net of tax | | | | | | | | | | | |
Foreign currency translation adjustment | (12.9 | ) | | (12.9 | ) | | — | | | (14.5 | ) | | 25.8 | | | (14.5 | ) |
|
Total other comprehensive income (loss), net of tax | (12.9 | ) | | (12.9 | ) | | — | | | (14.5 | ) | | 25.8 | | | (14.5 | ) |
|
Comprehensive income (loss) | 27.9 | | | 30 | | | 20 | | | 55.2 | | | (98.8 | ) | | 34.3 | |
|
Less: comprehensive income attributable to noncontrolling interests | — | | | — | | | — | | | (6.4 | ) | | — | | | (6.4 | ) |
|
Comprehensive income (loss) attributable to TransUnion Corp | $ | 27.9 | | | 30 | | | $ | 20 | | | $ | 48.8 | | | $ | (98.8 | ) | | $ | 27.9 | |
|
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Successor |
For the Twelve Months Ended December 31, 2013 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Cash flows from operating activities: | | | | | | | | | | | |
Net income (loss) | $ | 43.2 | | | $ | 43.6 | | | $ | 49.4 | | | $ | 56 | | | $ | (142.1 | ) | | $ | 50.1 | |
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | 146.9 | | | 15.6 | | | 24.3 | | | — | | | 186.8 | |
|
Stock-based compensation | — | | | 5.9 | | | 0.2 | | | 0.1 | | | — | | | 6.2 | |
|
Deferred financing fees | — | | | 2.5 | | | — | | | — | | | — | | | 2.5 | |
|
Provision (reduction) for losses on trade accounts receivable | — | | | 0.3 | | | (0.2 | ) | | 0.7 | | | — | | | 0.8 | |
|
Deferred taxes | 0.7 | | | (13.0 | ) | | 4.8 | | | (4.6 | ) | | — | | | (12.1 | ) |
|
Amortization of 11.375% notes purchase accounting fair value adjustment | — | | | (17.4 | ) | | — | | | — | | | — | | | (17.4 | ) |
|
Earnings from equity method investments, net of dividends | — | | | (1.5 | ) | | — | | | (2.1 | ) | | — | | | (3.6 | ) |
|
Equity in net income from subsidiaries | (43.6 | ) | | (82.1 | ) | | (16.4 | ) | | — | | | 142.1 | | | — | |
|
Dividends from subsidiaries | 153.2 | | | — | | | — | | | — | | | (153.2 | ) | | — | |
|
(Gain) loss on sale or exchange of property | — | | | (0.8 | ) | | (2.8 | ) | | 2.6 | | | — | | | (1.0 | ) |
|
Other | — | | | (1.1 | ) | | — | | | 0.2 | | | — | | | (0.9 | ) |
|
Changes in assets and liabilities: | | | | | | | | | | | |
Trade accounts receivable | — | | | 2.4 | | | (4.4 | ) | | (1.1 | ) | | — | | | (3.1 | ) |
|
Other current and long-term assets | 20.8 | | | (75.7 | ) | | 56.5 | | | (5.7 | ) | | — | | | (4.1 | ) |
|
Trade accounts payable | — | | | (2.4 | ) | | 5.6 | | | 2.9 | | | — | | | 6.1 | |
|
Other current and long-term liabilities | 17.3 | | | 4.1 | | | 2.1 | | | 5.3 | | | — | | | 28.8 | |
|
Cash provided by (used in) operating activities | 191.6 | | | 11.7 | | | 110.4 | | | 78.6 | | | (153.2 | ) | | 239.1 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Successor—Continued |
For the Twelve Months Ended December 31, 2013 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Cash flows from investing activities: | | | | | | | | | | | |
Capital expenditures for property and equipment | — | | | (55.4 | ) | | (14.1 | ) | | (12.2 | ) | | — | | | (81.7 | ) |
|
Investments in trading securities | — | | | (1.8 | ) | | — | | | — | | | — | | | (1.8 | ) |
|
Proceeds from sale of trading securities | — | | | 4.4 | | | — | | | — | | | — | | | 4.4 | |
|
Proceeds from sale of other assets | — | | | 0.9 | | | 3.2 | | | 0.2 | | | — | | | 4.3 | |
|
Acquisitions and purchases of noncontrolling interests, net of cash acquired | (152.4 | ) | | — | | | (99.6 | ) | | (30.3 | ) | | — | | | (282.3 | ) |
|
Acquisition related deposits | (1.0 | ) | | — | | | — | | | (9.0 | ) | | — | | | (10.0 | ) |
|
Issuance of notes receivable | — | | | (32.0 | ) | | — | | | — | | | 32 | | | — | |
|
Proceeds from notes receivable | — | | | 30.5 | | | — | | | — | | | (30.5 | ) | | — | |
|
Other | — | | | — | | | 0.1 | | | — | | | — | | | 0.1 | |
|
Cash used in investing activities | (153.4 | ) | | (53.4 | ) | | (110.4 | ) | | (51.3 | ) | | 1.5 | | | (367.0 | ) |
|
Cash flows from financing activities: | | | | | | | | | | | |
Proceeds from senior secured term loan | — | | | 1,133.40 | | | — | | | — | | | — | | | 1,133.40 | |
|
Extinguishment of senior secured term loan | — | | | (923.4 | ) | | — | | | — | | | — | | | (923.4 | ) |
|
Proceeds from revolving line of credit | — | | | 65 | | | — | | | — | | | — | | | 65 | |
|
Payment on revolving line of credit | — | | | (65.0 | ) | | — | | | — | | | — | | | (65.0 | ) |
|
Repayments of debt | — | | | (10.8 | ) | | — | | | (31.6 | ) | | 30.5 | | | (11.9 | ) |
|
Debt financing fees | — | | | (4.3 | ) | | — | | | — | | | — | | | (4.3 | ) |
|
Distributions to noncontrolling interests | — | | | — | | | — | | | (8.0 | ) | | — | | | (8.0 | ) |
|
Dividends to Parent | (94.2 | ) | | (153.2 | ) | | — | | | — | | | 153.2 | | | (94.2 | ) |
|
Proceeds from notes payable | — | | | — | | | — | | | 32 | | | (32.0 | ) | | — | |
|
Cash provided by (used in) financing activities | (94.2 | ) | | 41.7 | | | — | | | (7.6 | ) | | 151.7 | | | 91.6 | |
|
Effect of exchange rate changes on cash and cash equivalents | — | | | — | | | — | | | (6.8 | ) | | — | | | (6.8 | ) |
|
Net change in cash and cash equivalents | (56.0 | ) | | — | | | — | | | 12.9 | | | — | | | (43.1 | ) |
|
Cash and cash equivalents, beginning of period | 75.3 | | | — | | | — | | | 79 | | | — | | | 154.3 | |
|
Cash and cash equivalents, end of period | $ | 19.3 | | | $ | — | | | $ | — | | | $ | 91.9 | | | $ | — | | | $ | 111.2 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Successor |
For the Eight Months Ended 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 | | | |
Cash flows from operating activities: | | | | | | | | | | | |
Net income (loss) | $ | 43 | | | $ | 61.5 | | | $ | 26.5 | | | $ | 32.4 | | | $ | (115.5 | ) | | $ | 47.9 | |
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | 91.3 | | | 7.7 | | | 16 | | | — | | | 115 | |
|
Stock-based compensation | — | | | 2.2 | | | 0.1 | | | — | | | — | | | 2.3 | |
|
Provision (reduction) for losses on trade accounts receivable | — | | | — | | | (2.1 | ) | | 0.2 | | | — | | | (1.9 | ) |
|
Change in control transaction fees | 0.4 | | | — | | | — | | | — | | | — | | | 0.4 | |
|
Deferred taxes | 14.6 | | | (12.1 | ) | | 5 | | | 4.3 | | | — | | | 11.8 | |
|
Amortization of 11.375% notes purchase accounting fair value adjustment | — | | | (10.8 | ) | | — | | | — | | | — | | | (10.8 | ) |
|
Earnings from equity method investments, net of dividends | — | | | 1.4 | | | — | | | (0.1 | ) | | — | | | 1.3 | |
|
Equity in net income from subsidiaries | (61.5 | ) | | (54.0 | ) | | — | | | — | | | 115.5 | | | — | |
|
Other | — | | | (0.5 | ) | | — | | | 3.1 | | | — | | | 2.6 | |
|
Changes in assets and liabilities: | | | | | | | | | | | |
Trade accounts receivable | — | | | 2.3 | | | 2.1 | | | (5.4 | ) | | — | | | (1.0 | ) |
|
Other current and long-term assets | 72 | | | (27.4 | ) | | (28.0 | ) | | (13.8 | ) | | — | | | 2.8 | |
|
Trade accounts payable | — | | | 5.6 | | | (3.4 | ) | | (3.4 | ) | | — | | | (1.2 | ) |
|
Other current and long-term liabilities | (80.9 | ) | | (1.1 | ) | | (1.1 | ) | | 5.6 | | | — | | | (77.5 | ) |
|
Cash provided by (used in) operating activities | (12.4 | ) | | 58.4 | | | 6.8 | | | 38.9 | | | — | | | 91.7 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Successor—Continued |
For the Eight Months Ended 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 | | | |
Cash flows from investing activities: | | | | | | | | | | | |
Capital expenditures for property and equipment | — | | | (36.9 | ) | | (6.9 | ) | | (5.0 | ) | | — | | | (48.8 | ) |
|
Investments in trading securities | — | | | (0.5 | ) | | — | | | — | | | — | | | (0.5 | ) |
|
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | | | — | | | — | | | (14.2 | ) | | — | | | (14.2 | ) |
|
Acquisition related deposits | — | | | — | | | — | | | 3.7 | | | — | | | 3.7 | |
|
Proceeds from notes receivable | — | | | — | | | — | | | 3.9 | | | (3.9 | ) | | — | |
|
Other | — | | | — | | | 0.1 | | | (1.5 | ) | | — | | | (1.4 | ) |
|
Cash used in investing activities | — | | | (37.4 | ) | | (6.8 | ) | | (13.1 | ) | | (3.9 | ) | | (61.2 | ) |
|
Cash flows from financing activities: | | | | | | | | | | | |
Repayments of debt | — | | | (21.0 | ) | | — | | | (0.1 | ) | | 3.9 | | | (17.2 | ) |
|
Change in control transaction fees | (0.4 | ) | | — | | | — | | | — | | | — | | | (0.4 | ) |
|
Distributions to noncontrolling interests | — | | | — | | | — | | | (7.2 | ) | | — | | | (7.2 | ) |
|
Dividends to TransUnion Holding | (27.9 | ) | | — | | | — | | | — | | | — | | | (27.9 | ) |
|
Stockholder contributions | 80.8 | | | — | | | — | | | — | | | — | | | 80.8 | |
|
Cash provided by (used in) financing activities | 52.5 | | | (21.0 | ) | | — | | | (7.3 | ) | | 3.9 | | | 28.1 | |
|
Effect of exchange rate changes on cash and cash equivalents | — | | | — | | | — | | | (0.7 | ) | | — | | | (0.7 | ) |
|
Net change in cash and cash equivalents | 40.1 | | | — | | | — | | | 17.8 | | | — | | | 57.9 | |
|
Cash and cash equivalents, beginning of period | 35.2 | | | — | | | — | | | 61.2 | | | — | | | 96.4 | |
|
Cash and cash equivalents, end of period | $ | 75.3 | | | $ | — | | | $ | — | | | $ | 79 | | | $ | — | | | $ | 154.3 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Predecessor |
For the Four Months Ended April 30, 2012 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Cash flows from operating activities: | | | | | | | | | | | |
Net income (loss) | $ | (54.9 | ) | | $ | (51.8 | ) | | $ | 10 | | | $ | 18 | | | $ | 26.3 | | | $ | (52.4 | ) |
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | 19.8 | | | 5.9 | | | 3.5 | | | — | | | 29.2 | |
|
Stock-based compensation | — | | | 1.8 | | | — | | | 0.2 | | | — | | | 2 | |
|
Deferred financing fees | — | | | 3.9 | | | — | | | — | | | — | | | 3.9 | |
|
Provision (reduction) for losses on trade accounts receivable | — | | | 0.4 | | | 2.5 | | | 0.2 | | | — | | | 3.1 | |
|
Change in control transaction fees | 20.9 | | | — | | | — | | | — | | | — | | | 20.9 | |
|
Deferred taxes | (17.6 | ) | | — | | | — | | | (0.7 | ) | | — | | | (18.3 | ) |
|
Earnings from equity method investments, net of dividends | — | | | (2.4 | ) | | — | | | (1.3 | ) | | — | | | (3.7 | ) |
|
Equity in net (income) loss from subsidiaries | 51.8 | | | (25.5 | ) | | — | | | — | | | (26.3 | ) | | — | |
|
Loss (gain) on sale or exchange of property | — | | | 0.1 | | | — | | | — | | | — | | | 0.1 | |
|
Other | (0.1 | ) | | (0.6 | ) | | — | | | (0.1 | ) | | 0.1 | | | (0.7 | ) |
|
Changes in assets and liabilities: | | | | | | | | | | | |
Trade accounts receivable | — | | | (11.3 | ) | | (7.0 | ) | | (6.4 | ) | | — | | | (24.7 | ) |
|
Other current and long-term assets | (34.3 | ) | | 47.9 | | | (15.8 | ) | | 3.7 | | | — | | | 1.5 | |
|
Trade accounts payable | (0.1 | ) | | (5.8 | ) | | 6.2 | | | 1.3 | | | — | | | 1.6 | |
|
Other current and long-term liabilities | 69.1 | | | 20 | | | 2.7 | | | (1.9 | ) | | — | | | 89.9 | |
|
Cash provided by (used in) operating activities | 34.8 | | | (3.5 | ) | | 4.5 | | | 16.5 | | | 0.1 | | | 52.4 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Predecessor—Continued |
For the Four Months Ended April 30, 2012 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
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 | | | — | |
|
Other | — | | | — | | | (0.1 | ) | | 1 | | | — | | | 0.9 | |
|
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 | ) | | — | |
|
Treasury stock purchases | (1.3 | ) | | — | | | — | | | — | | | — | | | (1.3 | ) |
|
Dividends to noncontrolling interests | — | | | — | | | — | | | (0.4 | ) | | — | | | (0.4 | ) |
|
Other | (0.4 | ) | | — | | | — | | | 0.1 | | | (0.1 | ) | | (0.4 | ) |
|
Cash provided by (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 | |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Predecessor |
For the Twelve Months Ended December 31, 2011 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Cash flows from operating activities: | | | | | | | | | | | |
Net income (loss) | $ | 40.8 | | | $ | 42.9 | | | $ | 20 | | | $ | 69.7 | | | $ | (124.6 | ) | | $ | 48.8 | |
|
Less: income (loss) from discontinued operations, net of tax | — | | | — | | | — | | | (0.5 | ) | | — | | | (0.5 | ) |
|
Income (loss) from continuing operations | 40.8 | | | 42.9 | | | 20 | | | 70.2 | | | (124.6 | ) | | 49.3 | |
|
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used in) operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | 60.9 | | | 17.1 | | | 7.3 | | | — | | | 85.3 | |
|
Loss on early extinguishment of debt | — | | | 59.3 | | | — | | | — | | | — | | | 59.3 | |
|
Stock-based compensation | — | | | 4.1 | | | 0.1 | | | 0.4 | | | — | | | 4.6 | |
|
Deferred financing fees | — | | | 4.2 | | | — | | | — | | | — | | | 4.2 | |
|
Provision for losses on trade accounts receivable | — | | | 1 | | | 0.3 | | | 0.6 | | | — | | | 1.9 | |
|
Deferred taxes | (0.1 | ) | | (4.6 | ) | | 1.1 | | | 0.1 | | | — | | | (3.5 | ) |
|
Earnings from equity method investments, net of dividends | — | | | (1.9 | ) | | — | | | (1.5 | ) | | — | | | (3.4 | ) |
|
Loss (gain) on sale or exchange of property | — | | | — | | | (0.3 | ) | | — | | | — | | | (0.3 | ) |
|
Other | — | | | 0.3 | | | 1.8 | | | 0.7 | | | — | | | 2.8 | |
|
Equity in net income from subsidiaries | (42.9 | ) | | (81.7 | ) | | — | | | — | | | 124.6 | | | — | |
|
Changes in assets and liabilities: | | | | | | | | | | | |
Trade accounts receivable | — | | | (4.2 | ) | | (2.8 | ) | | (4.6 | ) | | — | | | (11.6 | ) |
|
Other current and long-term assets | (49.1 | ) | | 5.3 | | | 14 | | | 26.5 | | | — | | | (3.3 | ) |
|
Trade accounts payable | 0.1 | | | 6.4 | | | 5.3 | | | 3.1 | | | — | | | 14.9 | |
|
Other current and long-term liabilities | 13.6 | | | (14.1 | ) | | — | | | 4.8 | | | — | | | 4.3 | |
|
Cash provided by (used in) operating activities of continuing operations | (37.6 | ) | | 77.9 | | | 56.6 | | | 107.6 | | | — | | | 204.5 | |
|
Cash used in operating activities of discontinued operations | — | | | — | | | — | | | (1.3 | ) | | — | | | (1.3 | ) |
|
Cash provided by (used in) operating activities | (37.6 | ) | | 77.9 | | | 56.6 | | | 106.3 | | | — | | | 203.2 | |
|
Cash flows from investing activities: | | | | | | | | | | | |
Capital expenditures for property and equipment | — | | | (60.0 | ) | | (5.3 | ) | | (8.7 | ) | | — | | | (74.0 | ) |
|
TRANSUNION CORP. AND SUBSIDIARIES |
Consolidating Statement of Cash Flows—Predecessor—Continued |
For the Twelve Months Ended December 31, 2011 |
(in millions) |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuers | | Guarantor | | Non-Guarantor | | Eliminations | | TransUnion |
TransUnion | Trans Union | Subsidiaries | Subsidiaries | Corp |
Corp | LLC and | | | Consolidated |
| TransUnion | | | |
| Financing | | | |
| Corporation | | | |
Investments in trading securities | — | | | (1.2 | ) | | — | | | — | | | — | | | (1.2 | ) |
|
Proceeds from sale of trading securities | — | | | 9.9 | | | — | | | — | | | — | | | 9.9 | |
|
Proceeds from sale and redemption of investments in available-for-sale securities | — | | | — | | | 0.2 | | | — | | | — | | | 0.2 | |
|
Investments in held-to-maturity securities | — | | | — | | | — | | | (6.3 | ) | | — | | | (6.3 | ) |
|
Proceeds from held-to-maturity securities | — | | | — | | | — | | | 6.3 | | | — | | | 6.3 | |
|
Acquisitions and purchases of noncontrolling interests, net of cash acquired | — | | | — | | | (50.7 | ) | | (54.5 | ) | | — | | | (105.2 | ) |
|
Acquisition related deposits | — | | | — | | | — | | | (8.6 | ) | | — | | | (8.6 | ) |
|
Other | — | | | (2.5 | ) | | — | | | (0.2 | ) | | — | | | (2.7 | ) |
|
Cash used in investing activities | — | | | (53.8 | ) | | (55.8 | ) | | (72.0 | ) | | — | | | (181.6 | ) |
|
Cash flows from financing activities: | | | | | | | | | | | |
Proceeds from senior secured term loan | — | | | 950 | | | — | | | — | | | — | | | 950 | |
|
Extinguishment of senior secured term loan | — | | | (945.2 | ) | | — | | | — | | | — | | | (945.2 | ) |
|
Prepayment fee on early extinguishment of senior secured term loan | — | | | (9.5 | ) | | — | | | — | | | — | | | (9.5 | ) |
|
Repayments of debt | (3.9 | ) | | (7.1 | ) | | (0.7 | ) | | — | | | — | | | (11.7 | ) |
|
Treasury stock purchases | (0.2 | ) | | — | | | — | | | — | | | — | | | (0.2 | ) |
|
Distribution of merger consideration | (4.3 | ) | | — | | | — | | | — | | | — | | | (4.3 | ) |
|
Debt financing fees | — | | | (11.3 | ) | | — | | | — | | | — | | | (11.3 | ) |
|
Distributions to noncontrolling interests | — | | | — | | | — | | | (8.5 | ) | | — | | | (8.5 | ) |
|
Stockholder contribution | — | | | — | | | — | | | 0.3 | | | — | | | 0.3 | |
|
Other | (0.8 | ) | | — | | | — | | | — | | | — | | | (0.8 | ) |
|
Cash used in financing activities | (9.2 | ) | | (23.1 | ) | | (0.7 | ) | | (8.2 | ) | | — | | | (41.2 | ) |
|
Effect of exchange rate changes on cash and cash equivalents | — | | | — | | | — | | | (3.8 | ) | | — | | | (3.8 | ) |
|
Net change in cash and cash equivalents | (46.8 | ) | | 1 | | | 0.1 | | | 22.3 | | | — | | | (23.4 | ) |
|
Cash and cash equivalents, beginning of period | 81.4 | | | — | | | — | | | 49.8 | | | — | | | 131.2 | |
|
Cash and cash equivalents, end of period | $ | 34.6 | | | $ | 1 | | | $ | 0.1 | | | $ | 72.1 | | | $ | — | | | $ | 107.8 | |
|
| | | | | | | | | | | | | | | | | | | | | | | | |