|
Financial Statements of Guarantors (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Financial Statements of Guarantors [Abstract] |
|
| Consolidating Balance Sheet |
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 |
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 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 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 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 |
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 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 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 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 |
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 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|