| Quarterly Financial Data (Unaudited) |
23. Quarterly Financial Data (Unaudited)
TransUnion Holding
The quarterly financial data of TransUnion Holding, from the date of inception, consisted of the following:
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Three Months Ended |
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(in millions)(1)
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March
31,
2012(2)(3) |
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June
30,
2012(3) |
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September 30,
2012 |
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December 31,
2012 |
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Revenue
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$ |
— |
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$ |
190.9 |
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$ |
291.7 |
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$ |
284.4 |
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Operating income
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— |
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36.5 |
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61.3 |
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43.4 |
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Net income (loss)
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(8.5 |
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(2.3 |
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13.5 |
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(6.7 |
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Net income (loss) attributable to TransUnion Holding
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(8.5 |
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(3.5 |
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11.3 |
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(8.2 |
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| (1)
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The sum of the quarterly totals may not equal the annual totals due to rounding.
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| (2)
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Period is from inception of TransUnion Holding, February 15, 2012, through March 31, 2012.
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| (3)
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The financial results of TransUnion Holding include the consolidated results of TransUnion Corp. subsequent to April 30, 2012, the date of
acquisition. See Note 1, “Significant Accounting and Reporting Policies,” and Note 2, “Change in Control Transactions,” for further information. For the period of inception through March 31, 2012, net income (loss) and net
income (loss) attributable to TransUnion Holding included $7.0 million of acquisition fees related to the 2012 Change in Control Transaction. For the three months ended June 30, 2012, net income (loss) and net income (loss) attributable to
TransUnion Holding included $8.2 million of acquisition fees related to the 2012 Change in Control Transaction.
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TransUnion Corp.
The quarterly financial data of TransUnion Corp. for 2012 and 2011 consisted of the following:
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Predecessor |
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Successor |
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Successor |
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(in millions)(1)
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Three Months
Ended March 31,
2012
(2) |
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One Month
Ended April 30,
2012
(2) |
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Two Months
Ended June 30,
2012
(2) |
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Three Months
Ended
September 30,
2012 |
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Three Months
Ended
December 31,
2012 |
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Revenue
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$ |
280.6 |
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$ |
92.4 |
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$ |
190.9 |
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$ |
291.7 |
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$ |
284.4 |
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Operating income (loss)
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65.6 |
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(65.8 |
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37.0 |
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61.6 |
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43.6 |
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Net income (loss)
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12.1 |
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(64.5 |
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10.8 |
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23.0 |
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14.1 |
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Net income (loss) attributable to TransUnion Corp.
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10.2 |
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(65.1 |
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9.6 |
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20.8 |
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12.6 |
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| (1)
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The sum of the quarterly totals may not equal the annual totals due to rounding.
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| (2)
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For the three months ended March 31, 2012, net income (loss) and net income (loss) attributable to TransUnion Corp. included $2.6 million of
acquisition fees related to the 2012 Change in Control Transaction. For the one month ended April 30, 2012, net income (loss) and net income (loss) attributable to TransUnion Corp. included $18.3 million of acquisition fees related to the 2012
Change in Control Transaction. For the one month ended April 30, 2012, operating income (loss), net income (loss) and net income (loss) attributable to TransUnion Corp. all included $90.0 million of accelerated stock-based compensation and
related expense as a result of the 2012 Change in Control Transaction. For the two months ended June 30, 2012, operating income (loss), net income (loss) and net income (loss) attributable to TransUnion Corp. all included $0.3 million of accelerated stock-based
compensation and related expense as a result of the 2012 Change in Control Transaction
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Predecessor Three Months Ended |
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(in millions) (1)
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March
31,
2011(2) |
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June 30,
2011 |
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September 30,
2011 |
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December 31,
2011 |
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Revenue
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$ |
245.9 |
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$ |
257.5 |
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$ |
267.6 |
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$ |
253.0 |
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Operating income
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55.1 |
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60.5 |
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72.8 |
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64.3 |
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Income (loss) from continuing operations
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(23.3 |
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25.2 |
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29.3 |
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18.0 |
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Discontinued operations, net of tax
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(0.1 |
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(0.3 |
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— |
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Net income (loss)
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(23.4 |
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24.9 |
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29.3 |
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18.0 |
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Net income (loss) attributable to TransUnion Corp.
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(25.5 |
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22.9 |
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27.1 |
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16.3 |
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| (1)
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The sum of the quarterly totals may not equal the annual totals due to rounding.
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| (2)
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For the three months ended March 31, 2011, as a result of refinancing our senior secured credit facility in February 2011, the Company incurred a
$59.3 million loss on the early extinguishment of debt consisting of a write-off of $49.8 million of previously unamortized deferred financing fees and a prepayment premium of $9.5 million. See Note 13, “Debt,” for additional information.
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