Financial Statements of Guarantors

12 Months Ended

Dec. 31, 2012

Financial Statements of Guarantors [Abstract]

25. Financial Statements of Guarantors

As discussed in Note 13, “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.

Consolidating Balance Sheet—Successor

December 31, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			TransUnion Corp. Consolidated
Assets
Current assets:
Cash and cash equivalents	$	75.3		$	—		$	—		$	79.0	$	—		$	154.3
Trade accounts receivable, net		—			98.0			19.5			46.1		—			163.6
Due from (to) affiliates		(14.9	)		(82.5	)		46.2			56.7		(5.5	)		—
Other current assets		(0.3	)		52.7			(0.7	)		7.0		—			58.7

Total current assets		60.1			68.2			65.0			188.8		(5.5	)		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			518.0		—			1,804.2
Other intangibles, net		—			1,629.6			75.8			206.2		—			1,911.6
Other assets		1,611.8			1,235.2			2.2			42.4		(2,795.9	)		95.7

Total assets	$	1,671.9		$	4,001.8		$	475.4		$	973.0	$	(2,801.4	)	$	4,320.7

Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable	$	—		$	43.2		$	18.9		$	15.4	$	—		$	77.5
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		—			107.0

Total current liabilities		7.9			121.1			26.1			45.5		(5.5	)		195.1

Long-term debt		—			1,672.3			—			6.5		(6.5	)		1,672.3
Other liabilities		(13.9	)		589.6			2.0			89.7		—			667.4

Total liabilities		(6.0	)		2,383.0			28.1			141.7		(12.0	)		2,534.8

Redeemable noncontrolling interests		—			—			—			14.7		—			14.7

Total TransUnion Corp. stockholders’ equity		1,677.9			1,618.8			447.3			723.3		(2,789.4	)		1,677.9
Noncontrolling interests		—			—			—			93.3		—			93.3

Total stockholders’ equity		1,677.9			1,618.8			447.3			816.6		(2,789.4	)		1,771.2

Total liabilities and stockholders’ equity	$	1,671.9		$	4,001.8		$	475.4		$	973.0	$	(2,801.4	)	$	4,320.7

Consolidating Balance Sheet—Predecessor

December 31, 2011

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			TransUnion Corp. Consolidated
Assets
Current assets:
Cash and cash equivalents	$	34.6		$	1.0		$	0.1	$	72.1	$	—		$	107.8
Trade accounts receivable, net		—			89.5			15.0		34.9		—			139.4
Due from (to) affiliates		19.7			(40.7	)		3.0		18.0		—			—
Other current assets		9.2			41.8			—		4.4		—			55.4
Current assets of discontinued operations		—			—			—		0.1		—			0.1

Total current assets		63.5			91.6			18.1		129.5		—			302.7

Property, plant and equipment, net		—			73.5			9.4		26.1		—			109.0
Other marketable securities		—			10.3			—		—		—			10.3
Goodwill		—			6.3			189.9		79.0		—			275.2
Other intangibles, net		—			127.9			73.5		29.4		—			230.8
Other assets		(877.5	)		526.3			2.4		39.4		387.2			77.8

Total assets	$	(814.0	)	$	835.9		$	293.3	$	303.4	$	387.2		$	1,005.8

Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable	$	0.3		$	46.0		$	16.8	$	12.0	$	—		$	75.1
Current portion of long-term debt		10.3			9.5			0.9		1.1		—			21.8
Other current liabilities		24.0			49.0			6.7		20.5		—			100.2
Current liabilities of discontinued operations		—			—			—		0.4		—			0.4

Total current liabilities		34.6			104.5			24.4		34.0		—			197.5
Long-term debt		—			1,578.4			—		7.5		(6.5	)		1,579.4
Other liabilities		—			30.3			6.5		16.5		—			53.3

Total liabilities		34.6			1,713.2			30.9		58.0		(6.5	)		1,830.2

Total TransUnion Corp. stockholders’ equity		(848.6	)		(877.3	)		262.4		221.2		393.7			(848.6	)
Noncontrolling interests		—			—			—		24.2		—			24.2

Total stockholders’ equity		(848.6	)		(877.3	)		262.4		245.4		393.7			(824.4	)

Total liabilities and stockholders’ equity	$	(814.0	)	$	835.9		$	293.3	$	303.4	$	387.2		$	1,005.8

Consolidating Statement of Income—Successor

For the Eight Months Ended December 31, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Revenue	$	—		$	465.7		$	168.2		$	176.1		$	(43.0	)	$	767.0

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			16.0			—			115.0

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
Other income and (expense), net		61.2			60.7			—			(3.4	)		(116.4	)		2.1

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)		43.0			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.	$	43.0		$	61.5		$	26.5		$	27.5		$	(115.5	)	$	43.0

Consolidating Statement of Comprehensive Income—Successor

For the Eight Months Ended December 31, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Net income (loss)	$	43.0		$	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

Consolidating Statement of Income—Predecessor

For the Four Months Ended April 30, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Revenue	$	—		$	228.7		$	82.5	$	84.6		$	(22.8	)	$	373.0

Operating expenses
Cost of services		—			122.6			36.1		29.6			(16.3	)		172.0
Selling, general and administrative		0.1			120.0			30.5		28.3			(6.9	)		172.0
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	)		10.0		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	)		10.0		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	)		10.0		18.0			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	)	$	10.0	$	15.5		$	26.3		$	(54.9	)

Consolidating Statement of Comprehensive Income—Predecessor

For the Four Months Ended April 30, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Net income (loss)	$	(54.9	)	$	(51.8	)	$	10.0	$	18.0		$	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	)		10.0		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	)	$	10.0	$	17.7		$	21.9		$	(52.7	)

Consolidating Statement of Income—Predecessor

For the Twelve Months Ended December 31, 2011

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Revenue	$	—		$	637.3		$	209.4		$	238.4		$	(61.1	)	$	1,024.0
Operating expenses
Cost of services		—			295.1			88.3			79.5			(41.4	)		421.5
Selling, general and administrative		0.3			166.9			63.0			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			41.0			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
Other income and (expense), net		42.9			28.0			(0.1	)		(4.7	)		(126.0	)		(59.9	)

Total non-operating income and expense		41.6			(96.8	)		(0.1	)		(4.3	)		(126.0	)		(185.6	)
Income (loss) from continuing operations 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			20.0			70.2			(124.6	)		49.3
Discontinued operations, net of tax		—			—			—			(0.5	)		—			(0.5	)

Net income (loss)		40.8			42.9			20.0			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		$	20.0		$	61.7		$	(124.6	)	$	40.8

Consolidating Statement of Comprehensive Income—Predecessor

For the Twelve Months Ended December 31, 2011

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Net income (loss)	$	40.8		$	42.9		$	20.0	$	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			30.0			20.0		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			30.0		$	20.0	$	48.8		$	(98.8	)	$	27.9

Consolidating Statement of Income—Predecessor

For the Twelve Months Ended December 31, 2010

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Revenue	$	—		$	614.8		$	175.6		$	215.4		$	(49.3	)	$	956.5
Operating expenses
Cost of services		—			293.9			72.5			65.3			(35.9	)		395.8
Selling, general and administrative		0.3			169.1			56.6			51.7			(14.7	)		263.0
Depreciation and amortization		—			56.9			18.2			6.5			—			81.6

Total operating expenses		0.3			519.9			147.3			123.5			(50.6	)		740.4
Operating income (loss)		(0.3	)		94.9			28.3			91.9			1.3			216.1
Non-operating income and expense
Interest expense		(1.2	)		(88.6	)		—			(0.3	)		—			(90.1	)
Interest income		0.3			0.2			—			0.5			—			1.0
Other income and (expense), net		38.0			30.3			(0.4	)		(1.7	)		(110.2	)		(44.0	)

Total non-operating income and expense		37.1			(58.1	)		(0.4	)		(1.5	)		(110.2	)		(133.1	)
Income (loss) from continuing operations before income taxes		36.8			36.8			27.9			90.4			(108.9	)		83.0
Benefit (provision) for income taxes		(0.2	)		0.8			(13.6	)		(33.3	)		—			(46.3	)

Income (loss) from continuing operations		36.6			37.6			14.3			57.1			(108.9	)		36.7
Discontinued operations, net of tax		—			—			—			8.2			—			8.2

Net income (loss)		36.6			37.6			14.3			65.3			(108.9	)		44.9
Less: net income attributable to noncontrolling interests		—			—			—			(8.3	)		—			(8.3	)

Net income (loss) attributable to TransUnion Corp.	$	36.6		$	37.6		$	14.3		$	57.0		$	(108.9	)	$	36.6

Consolidating Statement of Comprehensive Income—Predecessor

For the Twelve Months Ended December 31, 2010

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Net income (loss)	$	36.6		$	37.6		$	14.3	$	65.3		$	(108.9	)	$	44.9

Other comprehensive income (loss), net of tax
Foreign currency translation adjustment		8.6			8.6			—		9.4			(17.2	)		9.4
Net unrealized loss on hedges		(1.1	)		(1.1	)		—		—			1.1			(1.1	)

Total other comprehensive income (loss), net of tax		7.5			7.5			—		9.4			(16.1	)		8.3

Comprehensive income (loss)		44.1			45.1			14.3		74.7			(125.0	)		53.2
Less: comprehensive income attributable to noncontrolling interests		—			—			—		(9.1	)		—			(9.1	)

Comprehensive income (loss) attributable to TransUnion Corp.	$	44.1		$	45.1		$	14.3	$	65.6		$	(125.0	)	$	44.1

Consolidating Statement of Cash Flows—Successor

For the Eight Months Ended December 31, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Cash flows from operating activities:
Net income (loss)	$	43.0		$	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			16.0			—			115.0
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	)		5.0			4.3			—			11.8
Amortization of 11.375% notes purchase accounting fair value adjustment		—			(10.8	)		—			—			—			(10.8	)
Equity in net income of affiliates, net of dividends		—			1.4			—			(0.1	)		—			1.3
Equity in net (income) loss 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		72.0			(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
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		$	—		$	—		$	79.0		$	—		$	154.3

Consolidating Statement of Cash Flows—Predecessor

For the Four Months Ended April 30, 2012

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Cash flows from operating activities:
Net income (loss)	$	(54.9	)	$	(51.8	)	$	10.0		$	18.0		$	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			—			2.0
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	)
Equity in net income of affiliates, 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			20.0			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
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			—			0.9

Cash provided by (used in) investing activities		—			7.0			(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			0.1			72.1			—			107.8

Cash and cash equivalents, end of period	$	35.2		$	—		$	—		$	61.2		$	—		$	96.4

Consolidating Statement of Cash Flows—Predecessor

For the Twelve Months Ended December 31, 2011

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Cash flows from operating activities:
Net income (loss)	$	40.8		$	42.9		$	20.0		$	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			20.0			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			0.3			0.6			—			1.9
Deferred taxes		(0.1	)		(4.6	)		1.1			0.1			—			(3.5	)
Equity in net income of affiliates, 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) loss 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			14.0			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	)
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		—			950.0			—			—			—			950.0
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			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		$	0.1		$	72.1		$	—		$	107.8

Consolidating Statement of Cash Flows—Predecessor

For the Twelve Months Ended December 31, 2010

(in millions)


	Parent TransUnion Corp.			Issuers Trans Union LLC and TransUnion Financing Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			TransUnion Corp. Consolidated
Cash flows from operating activities:
Net income (loss)	$	36.6		$	37.6		$	14.3		$	65.3		$	(108.9	)	$	44.9
Less: income (loss) from discontinued operations, net of tax		—			—			—			8.2			—			8.2

Income (loss) from continuing operations		36.6			37.6			14.3			57.1			(108.9	)		36.7
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used in) operating activities:
Depreciation and amortization		—			56.9			18.2			6.5			—			81.6
Loss on early extinguishment of debt		—			11.0			—			—			—			11.0
Stock-based compensation		—			28.7			—			—			—			28.7
Deferred financing fees		—			17.1			—			—			—			17.1
Provision (benefit) for losses on trade accounts receivable		—			1.0			(0.1	)		0.6			—			1.5
Change in control transaction fees		—			27.7			—			—			—			27.7
Equity in net income of affiliates, net of dividends		—			(1.0	)		—			(2.5	)		—			(3.5	)
Deferred taxes		—			7.9			0.5			4.3			—			12.7
Loss (gain) on sale or exchange of property		—			(3.9	)		—			0.1			—			(3.8	)
Other		(0.3	)		(0.4	)		—			0.1			0.1			(0.5	)
Equity in net (income) loss from subsidiaries		(37.6	)		(71.3	)		—			—			108.9			—
Dividends received from subsidiaries		1,087.2			23.4			—			—			(1,110.6	)		—
Changes in assets and liabilities:
Trade accounts receivable		—			(5.3	)		(4.2	)		(3.1	)		—			(12.6	)
Other current and long-term assets		34.2			(20.7	)		(15.4	)		(0.5	)		0.3			(2.1	)
Trade accounts payable		—			4.8			5.4			(1.2	)		—			9.0
Other current and long-term liabilities		0.8			11.8			(6.8	)		(4.4	)		(0.3	)		1.1

Cash provided by (used in) operating activities of continuing operations		1,120.9			125.3			11.9			57.0			(1,110.5	)		204.6
Cash used in operating activities of discontinued operations		—			—			—			(4.2	)		—			(4.2	)

Cash provided by (used in) operating activities		1,120.9			125.3			11.9			52.8			(1,110.5	)		200.4

Cash flows from investing activities:
Capital expenditures for property and equipment		—			(26.0	)		\	(11.9)		(8.9	)		—			(46.8	)
Investments in trading securities		—			(1.3	)		—			—			—			(1.3	)
Proceeds from sale of trading securities		—			1.3			—			—			—			1.3
Proceeds from sale and redemption of investments in available-for-sale securities		114.4			—			—			—			—			114.4
Proceeds from held-to-maturity securities		—			—			—			4.9			—			4.9
Proceeds from sale of assets of discontinued operations		—			—			—			10.6			—			10.6
Acquisitions and purchases of noncontrolling interests, net of cash acquired		—			(3.1	)		—			(14.0	)		3.1			(14.0	)
Other		—			16.5			—			0.3			(15.5	)		1.3

Cash provided by (used in) investing activities		114.4			(12.6	)		(11.9	)		(7.1	)		(12.4	)		70.4
Cash flows from financing activities:
Proceeds from senior secured term loan		—			950.0			—			—			—			950.0
Proceeds from issuance of 11.375% notes		—			645.0			—			—			—			645.0
Proceeds from RFC loan		16.7			—			—			—			—			16.7
Proceeds from revolving line of credit		—			15.0			—			—			—			15.0
Repayments of debt		(89.1	)		(520.4	)		—			(15.5	)		15.5			(609.5	)
Treasury stock purchases		(5.4	)		—			—			—			—			(5.4	)
Distribution of merger consideration		(1,178.6	)		—			—			—			—			(1,178.6	)
Debt financing fees		—			(85.5	)		—			—			—			(85.5	)
Change in control transaction fees		—			(27.7	)		—			—			—			(27.7	)
Dividends to Parent		—			(1,087.2	)		—			(23.4	)		1,110.6			—
Distributions to noncontrolling interests		—			—			—			(8.6	)		—			(8.6	)
Other		0.1			(1.9	)		—			3.1			(3.2	)		(1.9	)

Cash provided by (used in) financing activities		(1,256.3	)		(112.7	)		—			(44.4	)		1,122.9			(290.5	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			1.8			—			1.8

Net change in cash and cash equivalents		(21.0	)		—			—			3.1			—			(17.9	)
Cash and cash equivalents, beginning of period		102.4			—			—			46.7			—			149.1

Cash and cash equivalents, end of period	$	81.4		$	—		$	—		$	49.8		$	—		$	131.2