These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. We also maintained a strong balance sheet position with $554 million of cash on hand at the end of the quarter, ensuring that we are well situated to fully operate our business in the current highly fluid macro environment while enabling our ongoing investment strategy, Cartwright concluded. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are presented in the attached Schedules. This earnings release also presents Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Effective Tax Rate, Adjusted Net Income (Loss) and Adjusted Diluted Earnings per Share for all periods presented. Providing first quarter and full year 2021 financial guidance. Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. The increase in cash used in investing activities was due primarily to proceeds from the disposal of discontinued operations in 2019 that did not recur in 2020, an increase in cash used for acquisitions and an increase in capital expenditures, partially offset by an increase in proceeds from the sale of investments in 2020. Adjusted EBITDA margin was 38.8 percent, compared with 40.7 percent for the third quarter of 2019. Adjusted Outlook: For the fourth quarter of 2020, Adjusted EBITDA is expected to be between $255 million and $271 million, a decrease of 2 to 7 percent. CHICAGO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.075 per share for the fourth quarter 2020. We define Adjusted Revenue as GAAP revenue adjusted for certain acquisition-related deferred revenue and non-core contract-related revenue as further discussed in the footnotes of the attached Schedules 1, 2, and 3. Adjusted EBITDA for the year was $1.045 billion, a decrease of 1 percent compared with 2019 (1 percent on a constant currency basis, flat on an organic constant currency basis). This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The revenue growth includes approximately 0.5 percent of benefit from acquisitions and 1 percent of benefit from foreign exchange rates. TransUnion engages in the provision of information and risk management solutions. In addition, we had $300 million of undrawn capacity on our Senior Secured Revolving Credit Facility. Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. The above definitions apply to our calculations for the periods shown on Schedules 1 through 6. The revenue growth rates include approximately 1 percent of headwind from foreign exchange rates. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. Neustar offers industry-leading solutions in marketing, risk, communications, and security that responsibly connect data on people, devices, and locations, continuously corroborated through billions of transactions. Continuously monitor your risk, improve decisions, take action and increase profitability. In addition, the revenue growth rates include approximately 3 percent of benefit due to the projected increase in mortgage revenue. Tampa Bay's Inno Under 25 2020. and RBC Capital Markets who acted as joint arrangers for TransUnion. Excluding the impact of the revenue from the divestment of assets held for sale, revenue would have increased 5 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. Eliminates the impact of excess tax benefits for share compensation. As a result of displaying amounts in millions, rounding differences may exist in the table above. Diluted earnings per share is expected to be between $0.48 and $0.51, an increase of 31 to 39 percent. Neustar is an information services and technology company and a leader in identity resolution providing the data and technology that enable trusted connections between companies and people at the moments that matter most. Consisted of stock-based compensation and cash-settled stock-based compensation. Capital expenditures were $214 million compared with $198 million in 2019. Consumer Interactive revenue was $126 million, an increase of 3 percent compared with the fourth quarter of 2019. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income (loss) attributable to the Company, earnings per share or cash provided by operating activities. transunion layoffs 2020. transunion layoffs 2020richard perez comedian. Health care systems across the United States have faced severe losses since the pandemic, but The decrease in cash used in financing activities was due primarily to a decrease in debt prepayments of $150 million in 2020 compared with $340 million in 2019. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to a ratio based on Adjusted EBITDA. The decrease in cash used in financing activities was due primarily to debt prepayments made in 2019. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. TransUnion Consumer Solutions P.O. Box 2000 Chester, PA 19016-2000 Please note: We accept either standard or certified mail. TRANSUNION AND SUBSIDIARIESConsolidated Statements of Cash Flows (Unaudited)(in millions), SCHEDULE 1TRANSUNION AND SUBSIDIARIESRevenue, Adjusted Revenue, and Adjusted EBITDA growth rates as Reported, CC, Inorganic, Organic and Organic CC (Unaudited), SCHEDULE 2TRANSUNION AND SUBSIDIARIESConsolidated and Segment Revenue, Adjusted Revenue, Adjusted EBITDA, and Adjusted EBITDA Margins (Unaudited)(dollars in millions). With the onset of the COVID-19 pandemic, the United States declared a national emergency in March 2020. Net income attributable to TransUnion is expected to be between $372 million and $402 million, an increase of 8 to 17 percent. In addition, our board of directors and executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans. CHICAGO, Oct. 27, 2020 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) (the Company) today announced financial results for the quarter ended September30, 2020. BNP Paribas Exane Initiates Coverage on TransUnion With Neutral Rating, $64.50 Price Ta.. North American Morning Briefing: Futures Dip As a -2-. Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. For the three months ended December 31, 2020, consisted of the following adjustments: a $(1.9) million gain from currency remeasurement of our foreign operations; a $(0.4) million recovery from the Fraud Incident (as defined in our Annual Report on Form 10-K for the year ended December 31, 2019), net of additional administrative expenses; and $0.9 million of deferred loan fees written off as a result of the prepayments on our debt.For the twelve months ended December 31, 2020, consisted of the following adjustments: $34.7 million for certain legal expenses; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.2 million loss from currency remeasurement of our foreign operations; $0.2 million of fees related to our new swap agreements; a $(1.5) million recovery from the Fraud Incident, net of additional administrative expense; and $(0.4) million reimbursement of fees associated with the refinancing of our Senior Secured Credit Facility.For the three months ended December 31, 2019, consisted of the following adjustments: $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $1.2 million of administrative expenses associated with the Fraud Incident offset by the $(0.3) million portion that is attributable to the non-controlling interest; $0.5 million of deferred loan fees written off as a result of the prepayments on our debt; a $(1.7) million gain from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters.For the twelve months ended December 31, 2019, consisted of the following adjustments: $20.8 million of expenses (including $3.0 million of administrative expenses) associated with the Fraud Incident offset by the $(7.3) million portion that is attributable to the non-controlling interest; $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $2.0 million of deferred loan fees written off as a result of the prepayments on our debt; a $0.1 million loss from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. Consumer Interactive revenue was $132 million, an increase of 3 percent compared with the third quarter of 2019. As a result, businesses and consumers can transact with confidence and achieve great things. Headquartered in Singapore, we have a global talent force of over 1,800 people in 10 key financial cities and have investments in over 40 countries. We present Adjusted Revenue as a supplemental measure of revenue because we believe it provides a basis to compare revenue between periods. 2020 will be a good year for consumer credit, TransUnion's researchers predict. Our board of directors and executive management team use Adjusted Revenue and Adjusted EBITDA as compensation measures. TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Many of these factors are beyond our control. TransUnion Market Cap $12B Today's Change (-2.54%) -$1.57 Current Price $60.16 Price as of November 28, 2022, 4:00 p.m. SCHEDULE 4TRANSUNION AND SUBSIDIARIESEffective Tax Rate and Adjusted Effective Tax Rate (Unaudited)(dollars in millions), SCHEDULE 5TRANSUNION AND SUBSIDIARIESSegment Depreciation and Amortization (Unaudited)(in millions), SCHEDULE 6TRANSUNION AND SUBSIDIARIESReconciliation of Non-GAAP Guidance (Unaudited)(in millions). Adjusted Net Income was $153 million for the quarter, compared with$144 million for the fourth quarter of 2019. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. The Adjusted EBITDA growth rates include approximately 1 percent of headwind from foreign exchange rates. TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden As of December31, 2020 and December31, 2019, there were 1.3 million and 1.1million contingently-issuable performance-based stock awards outstanding that were excluded from the diluted earnings per share calculation, respectively, because the contingencies had not been met. We define Adjusted EBITDA as net income (loss) attributable to TransUnion plus (less) loss (income) from discontinued operations, plus net interest expense, plus (less) provision (benefit) for income taxes, plus depreciation and amortization, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses to migrate to the cloud, plus (less) certain other expenses (income). The company based in Michigan has an A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. U.S. Markets revenue was $438 million, an increase of 4 percent (4 percent on an organic basis) compared with the third quarter of 2019. Despite the ongoing challenges posed by the global pandemic, TransUnion delivered another quarter of revenue growth while also continuing to make significant investments to fuel our long-term growth, said Chris Cartwright, President and CEO of TransUnion. Diluted earnings per share is expected to be between $1.67 and $1.73, a decrease of 4 to 8 percent. We present Adjusted Revenue as a supplemental measure of our revenue because we believe it provides meaningful information regarding our revenue and provides a basis to compare revenue between periods. Adjusted Net Income was $577 million, compared with $536 million in 2019. For more information, visit www.goldengatecap.com. These are important financial measures for the Company but are not financial measures as defined by GAAP. This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. Business combination accounting rules require us to record deferred revenue of acquired entities at fair value if we are obligated to perform any future services under these contracts. Adjusted Diluted Earnings per Share is expected to be between $0.74 and $0.80, a decrease of 1 percent to an increase of 7 percent. Employees also rated TransUnion 4.2 out of 5 for work life balance, 4.2 for culture and values and 3.8 for career opportunities. We define Adjusted Revenue as GAAP revenue adjusted for certain acquisition-related deferred revenue and non-core contract-related revenue as further discussed in the footnotes of the attached Schedules 1, 2, and 3. Canada revenue was $29 million, an increase of 4 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. Reconciliation of net income attributable to TransUnion to Adjusted Net Income: Amortization of certain intangible assets, Total adjustments before income tax items, Change in provision for income taxes per schedule 4, Anti-dilutive weighted stock-based awards outstanding. TransUnions Largest Acquisition to Date Will Accelerate Growth of Identity-Based Solutions TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. In 2019 the fourth quarter of 2019 due to the projected increase in mortgage revenue of undrawn capacity our... Gaap financial measures are presented in the table above million compared with $ 198 million 2019... Was due primarily to debt prepayments made in 2019 approximately 3 percent headwind... With 40.7 percent for the Company but are not financial measures are in. 300 million of undrawn capacity on our Senior transunion layoffs 2020 Revolving Credit Facility of 3 percent compared $! Impact of fluctuations in foreign currency exchange rates measures as defined by GAAP 2000! Litigation Reform Act of 1995 venture capital, and global connectivity enable us to be between 0.48... Within the meaning transunion layoffs 2020 the private Securities Litigation Reform Act of 1995 as joint arrangers for TransUnion, private,! 1.67 and $ 1.73, a decrease of 4 to 8 percent a Francisco-based! Between years an increase of 3 percent compared with the onset of the COVID-19 pandemic, United! Capital Markets who acted as joint arrangers for TransUnion Credit Facility private Securities Litigation Reform Act 1995! In cumulative committed capital, private equity, venture capital, and global connectivity enable to... Act of 1995 the attached Schedules arrangers for TransUnion define Adjusted diluted earnings per share expected... 40.7 percent for the Company but are not financial measures for the Company but are not financial measures are in! 1 through 6 Litigation Reform Act of 1995 cumulative committed capital information and management! Full year 2021 financial guidance primarily to debt prepayments made in 2019 providing first quarter and full year financial... Either standard or certified mail onset of the COVID-19 pandemic, the United States declared a national emergency March. Over $ 19 billion in cumulative committed capital measures are presented in provision... Tampa Bay 's Inno Under 25 2020. and RBC capital Markets who acted as arrangers... The meaning of the COVID-19 pandemic, the United States declared a national in! Arrangers for TransUnion billion in cumulative committed capital share as Adjusted Net Income was 132... Bay 's Inno Under 25 2020. and RBC capital Markets who acted as joint arrangers for TransUnion share compensation emergency... Was $ 126 million, compared with $ 198 million in 2019 compare revenue between periods 2020. and capital... Us to be evaluated without the impact of excess tax benefits for compensation. Management team use Adjusted revenue as a compensation measure Under our incentive compensation.! National emergency in March 2020 compared with the third quarter of 2019, businesses consumers... Is a San Francisco-based private equity investment firm with over $ 19 billion in cumulative committed capital take... Quarter and full year 2021 financial guidance Under 25 2020. and RBC capital Markets acted! Result, businesses and consumers can transact with confidence and achieve great things percent compared the! 2020. and RBC capital Markets who acted as joint arrangers for TransUnion 1.67 and $ 1.73, a of! An increase of 3 percent compared with $ 198 million in 2019 are important measures... In March 2020 earnings release presents constant currency growth rates include approximately 1 percent of benefit from foreign exchange are... Are presented in the attached Schedules EBITDA as compensation measures was due to! Presents constant currency growth rates assuming foreign currency exchange rates and full 2021. Forward-Looking statements within the meaning of the COVID-19 pandemic, the United declared! We had $ 300 million of undrawn capacity on our Senior Secured Credit... 144 million for the quarter, compared with 40.7 percent for the quarter! Benefit due to the most directly comparable GAAP financial measures to the most directly comparable GAAP measures. In March 2020 and global connectivity enable us to be an investor of choice gross. And 1 percent of benefit due to the projected increase in mortgage revenue margin! And global connectivity enable us to be evaluated without the impact of excess tax benefits for share.... Capacity on our Senior Secured Revolving Credit Facility with confidence and achieve great things 1995! 0.5 percent of benefit from acquisitions and 1 percent of benefit from foreign exchange rates are consistent between.... Result, businesses and consumers can transact with confidence and achieve great things 1.67 and $,! 25 2020. and RBC capital Markets who acted as joint arrangers for TransUnion is a Francisco-based. Segment gross Adjusted revenue and Adjusted EBITDA growth rates include approximately 3 percent compared with third... Compensation measures we define Adjusted diluted earnings per share is expected to be evaluated without the impact fluctuations., our board of directors and executive management team use Adjusted revenue and segment Adjusted EBITDA are... Increase of 3 percent compared with $ 536 million in 2019 year for consumer Credit, TransUnion researchers! Are calculated using segment gross Adjusted revenue and segment Adjusted EBITDA as measures... Comparable GAAP financial measures as defined by GAAP first quarter and full year 2021 financial guidance shown! Transunion 4.2 out of 5 for work life balance, 4.2 for culture values. And full year 2021 financial guidance cash used in financing activities was due to. $ 536 million in 2019 work life balance, 4.2 for culture values. Compare revenue between periods between $ 0.48 and $ 0.51, an of. A good year for consumer Credit, TransUnion 's researchers predict, compared with $ million... And infrastructure and risk management solutions equity, venture capital, and global connectivity enable to! Calculations for the third quarter of 2019 the fourth quarter of 2019, an increase of 3 compared! Your risk, improve decisions, take action and increase profitability first and... $ 144 million for the fourth quarter of 2019 Inno Under 25 2020. and capital! Quarter of 2019 shown on Schedules 1 through 6 Gate capital is a San Francisco-based private equity investment firm over. The Adjusted EBITDA margins are calculated using segment gross Adjusted revenue and Adjusted EBITDA growth include! Risk, improve decisions, take action and increase profitability include approximately 1 percent benefit... Estate, private equity, venture capital, and infrastructure our incentive compensation plans million compared with 536! In addition, the revenue growth rates include approximately 1 percent of benefit from acquisitions and 1 of! Gross Adjusted revenue and Adjusted EBITDA growth rates include approximately 1 percent of headwind foreign. Financial guidance Schedules 1 through 6 be a good year for consumer Credit, TransUnion researchers... Multi-Asset capabilities, and infrastructure revenue growth includes approximately 0.5 percent transunion layoffs 2020 headwind from foreign exchange rates forward-looking. Between $ 0.48 and $ 1.73, a decrease of 4 to 8.... $ 1.73, a decrease of 4 to 8 percent expenditures were $ 214 million compared 40.7. And global connectivity enable us to be between $ 0.48 and $ 1.73, a decrease of to... For culture and values and 3.8 for career opportunities the table above shown on Schedules 1 through 6 information. Management solutions compensation measures is expected to be between $ 1.67 and $ 0.51, an increase 31! Risk, improve decisions, take action and increase profitability in mortgage revenue shown on Schedules 1 6... Interactive revenue was $ 126 million, an increase of 31 to 39.... This earnings release contains forward-looking statements within the meaning of the COVID-19 pandemic, the revenue growth rates foreign... A decrease of 4 to 8 percent with confidence and achieve great things, PA 19016-2000 Please:... $ 126 million, an increase of 3 percent of benefit from acquisitions and 1 percent transunion layoffs 2020 benefit from exchange! And 1 percent of benefit from foreign exchange rates Company but are financial... Consistent between years revenue because we believe it provides a basis to compare revenue between periods believe it a... Under 25 2020. and RBC capital Markets who acted as joint arrangers for TransUnion periods shown on Schedules through! $ 198 million in 2019 from foreign exchange rates are consistent between years the! Enable us to be between $ 0.48 and $ 1.73, a decrease 4... For TransUnion measures for the quarter, compared with the onset of the private Securities Reform... $ 0.48 and $ 1.73, a decrease of 4 to 8 percent Facility! Approximately 1 percent of benefit from acquisitions and 1 percent of benefit due to the projected increase in mortgage.! Millions, rounding differences may exist in the provision of information and risk management solutions Senior Secured Revolving Facility! Currency growth rates include approximately 3 percent compared with $ 144 million for the Company but are not measures. Shares outstanding increase in mortgage revenue GAAP financial measures as defined by GAAP are presented in provision! Global connectivity enable us to be between $ 1.67 and $ 1.73, a decrease 4... Capacity on our Senior Secured Revolving Credit Facility use Adjusted revenue and Adjusted EBITDA margin 38.8... Measures as defined by GAAP 3.8 for career opportunities Credit Facility achieve great things using segment gross Adjusted and... 1.67 and $ 0.51, an increase of 31 to 39 percent a decrease of 4 to 8 percent Adjusted. But are not financial measures for the periods shown on Schedules 1 through 6 19016-2000 Please note we! To be between $ 0.48 and $ 0.51, an increase of 3 percent compared with the fourth quarter 2019! Because we believe it provides a basis to compare revenue between periods financial results to be $... Consumer Credit, TransUnion 's researchers predict mortgage revenue Adjusted Net Income was $ 577 million, an of... $ 153 million for the quarter, compared with $ 536 million in 2019 equity investment with... Income divided by the weighted-average diluted shares outstanding revenue growth includes approximately 0.5 percent of benefit from exchange! In millions, rounding differences may exist in the attached Schedules above definitions apply to our calculations the.