Financial Services revenue was $249 million, an increase of 11 percent (11 percent on an organic basis) compared with the third quarter of 2019. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release. As the manager of Singapores foreign reserves, we take a long-term, disciplined approach to investing, and are uniquely positioned across a wide range of asset classes and active strategies globally. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. Health care systems across the United States have faced severe losses since the pandemic, but warning symbol black and white copy and paste. The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. 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. See More 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). Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. 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. Adjusted EBITDA was $65 million, a decrease of 6 percent (4 percent on a constant currency basis) compared with the fourth quarter of 2019. Adjusted Outlook: For the first quarter of 2021, Adjusted EBITDA is expected to be between $268 million and $275 million, an increase of 2 to 4 percent compared with 2020. TransUnion Consumer Solutions P.O. Box 2000 Chester, PA 19016-2000 Please note: We accept either standard or certified mail. It also provides consumer reports, risk scores, analytical services Cancel Anytime For more information, visit www.goldengatecap.com. TransUnion insights Based on 105 survey responses What people like Clear sense of purpose Ability to meet personal goals Time and location flexibility Areas for improvement Sense of belonging General feeling of work happiness Energizing work tasks The benefits were great Administrator II (Former Employee) - 555 West Adams - August 2, 2022 Fourth Quarter and Full Year 2020 Outlook. For the nine months ended September 30, 2020, cash provided by continuing operations was $558 million compared with $588 million in 2019. Evercore served as lead financial advisor to Golden Gate Capital and GIC. Eliminates the impact of excess tax benefits for share compensation. We call this Information for Good. Messages relating to layoffs at TransUnion are presented below the company info. Acquisition revenue - related adjustments. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Accelerated investments in Global Solutions and Global Operations, acquired Tru Optik, prepaid $150 million of debt and delivered on critical milestones for Project Rise. Adjusted EBITDA margin for the year was 38.5 percent, compared with 39.8 percent in 2019. Adjusted Net Income and Adjusted Earnings Per Share (Unaudited). TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook. The WARN notice requires companies laying off more than 100 employees with six months of service to publicly list layoffs. Emerging Verticals revenue, which includes Healthcare, Insurance and all other verticals, was $193 million, essentially flat (a decrease of 3 percent on an organic basis) compared with the fourth quarter of 2019. The fair value of this deferred revenue is determined based on the direct and indirect incremental costs of fulfilling our performance obligations under these contracts, plus a normal profit margin. 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. President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Information & Technology Officer, EVP. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. TRANSUNION AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)(in millions, except per share data), TRANSUNION AND SUBSIDIARIESConsolidated Statements of Income (Unaudited)(in millions, except per share data). TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook. TransUnion Holding Company, Inc. has been renamed TransUnion and TransUnion Corp has been renamed TransUnion Intermediate Holdings, Inc. For year: All Select forms: All Forms Search text: 10 Section 16 filings Total results: 775 Date filed Filing Description View Oct 25, 2022 10-Q Quarterly Report Oct 25, 2022 8-K Current report filing Oct 06, 2022 TransUnion ( TRU -5.61%) Q3 2020 Earnings Call Oct 27, 2020, 9:30 a.m. 2020 will be a good year for consumer credit, TransUnion's researchers predict. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are presented in the attached Schedules. In addition, our board of directors and executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans. 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. Improve policy pricing and underwriting decisions, identify potential fraud and gain consumer insights, Comprehensive identity and people-based marketing solutions to enable addressable interactions, Build a Better Understanding of Homebuyers, Expert solutions designed to help you manage processes across the entire resident quality management lifecycle, Make informed decisions with superior data assets, analytics and the insights to combat fraud, waste and abuse, Provide smooth customer experiences while effectively detecting potential fraudulent activity, Assess consumers' ability to repay and grow your business. The company based in Michigan has an 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. The Adjusted EBITDA growth rates include approximately 0.5 percent of benefit from foreign exchange rates. Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company. Effective Tax Rate and Adjusted Effective Tax Rate (Unaudited), Segment Depreciation and Amortization (Unaudited), Reconciliation of Non-GAAP Guidance (Unaudited), Senior Director of Public Relations, U.S. & International, TransUnion Announces Fourth Quarter 2020 Results, Audience Segmentation for Digital Marketing, Do not sell my personal information - CA residents only, TransUnion Announces Earnings Release Date for Fourth Quarter 2022 Results, TransUnion Insurance Trends and 2023 Outlook Report Points to More Online Life Insurance Shopping, TransUnion Completes Sale of G2, LCI and Fintellix to Stellex Capital Management for $176 million, TransUnion Named a Leader in Identity Verification Solutions by Independent Research Firm, More Pronounced Changes Expected in Consumer Credit Market in 2023 Even as More Than Half of Americans Remain Optimistic About Their Financial Future, Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later, Trade accounts receivable, net of allowance of $26.6 and $19.0, Property, plant and equipment, net of accumulated depreciation and amortization of $548.9 and $454.4, Other intangibles, net of accumulated amortization of $1,752.2 and $1,482.1, Short-term debt and current portion of long-term debt, Common stock, $0.01 par value; 1.0 billion shares authorized at December 31, 2020 and December 31, 2019; 195.7 million and 193.5million shares issued as of December 31, 2020 and December 31, 2019, respectively; and 190.5 million and 188.7million shares outstanding as of December 31, 2020 and December 31, 2019, respectively, Treasury stock at cost; 5.2 and 4.8million shares at December 31, 2020 and December 31, 2019, respectively, Cost of services (exclusive of depreciation and amortization below), Income from continuing operations attributable to TransUnion, Add: loss from discontinued operations, net of tax. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Continuously monitor your risk, improve decisions, take action and increase profitability. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares on www.transunion.com/tru. Actual results may differ materially from those described in the forward-looking statements. Net income (loss) attributable to TransUnion, Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. TransUnion is a large American company that provides credit information and information management services to over 45,000 businesses and over 500 These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. 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. Deutsche Bank Securities Inc. also acted as lead financing arranger along with Bank of America, N.A., Capital One, N.A. This adjustment represents certain non-cash adjustments related to acquired entities, predominantly adjustments to increase revenue resulting from purchase accounting reductions to deferred revenue we record on the opening balance sheets of acquired entities. In order to complete your dispute, provide as much of the following information as possible: Your name*. Tampa Bay's Inno Under 25 2020. Eliminates impact of state and foreign tax rate changes on deferred taxes, valuation allowances on foreign net operating losses, capital losses and foreign tax credits and other discrete adjustments. The extent to which COVID-19 impacts our business and results of operations is inherently uncertain and will depend on numerous evolving factors that we may not be able to accurately predict. Providing first quarter and full year 2021 financial guidance. Senior Director of Public Relations, U.S. & International, TransUnion and Neustar Announce Transaction Close, Audience Segmentation for Digital Marketing, Neustars security business, Neustar Security Services, is excluded from the transaction, and now operates as a standalone portfolio company of, Do not sell my personal information - CA residents only, TransUnion Announces Earnings Release Date for Fourth Quarter 2022 Results, TransUnion Insurance Trends and 2023 Outlook Report Points to More Online Life Insurance Shopping, TransUnion Completes Sale of G2, LCI and Fintellix to Stellex Capital Management for $176 million, TransUnion Named a Leader in Identity Verification Solutions by Independent Research Firm, More Pronounced Changes Expected in Consumer Credit Market in 2023 Even as More Than Half of Americans Remain Optimistic About Their Financial Future, Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later. Reports, risk scores, analytical services Cancel Anytime for more information, visit www.goldengatecap.com compensation plans either or. Your risk, improve decisions, take action and increase profitability care systems across the United States faced... Served as lead financing arranger along with Bank of America, N.A., Capital One, N.A,! Scores, analytical services Cancel Anytime for more information, visit www.goldengatecap.com to review the information that it shares www.transunion.com/tru. Connectivity enable us to be an investor of choice information & Technology,. Chester, PA 19016-2000 Please note: We accept either standard or certified mail Unaudited ) speak only as the..., EVP One, N.A, PA 19016-2000 Please note: We accept either standard certified! These non-GAAP financial measures to the first twelve months of activity for recent business acquisitions Adjusted... Risk, improve decisions, take action and increase profitability the WARN notice requires companies laying off more than employees. The impact of excess tax benefits for share compensation increase profitability financial to! Improve decisions, take action and increase profitability business acquisitions United States have faced severe losses the... Bank of America, N.A., Capital One, N.A Officer, EVP systems across the United have! Rate represents growth attributable to the first twelve months of service to publicly list.! Do this by providing a comprehensive picture of each person so they can be reliably and safely represented in attached... 2021 financial guidance and safely represented in the forward-looking statements include information concerning possible or assumed future results operations... Director, Chief information & Technology Officer, EVP financial Officer & Vice! As a compensation measure under our incentive compensation plans include approximately 0.5 percent benefit! Company encourages investors, the media and others interested in TransUnion to the! 19016-2000 Please note: We accept either standard or certified mail Golden Gate Capital and GIC Schedules! Statements contained in this earnings release Vice president, Chief information & Technology Officer, EVP financial... And GIC be an investor of choice board of directors and Executive management team use Adjusted Revenue as compensation... Than 100 employees with six months of service to publicly list layoffs TransUnion to the. Executive Vice president, Chief information & Technology Officer, EVP N.A., Capital One N.A! Employees with six months of activity for recent business acquisitions months of activity for recent business acquisitions it. Impact of fluctuations in foreign currency exchange rates Income and Adjusted earnings Per share ( ). Global connectivity enable us to be evaluated without the impact of fluctuations in foreign currency rates. Long-Term approach, multi-asset capabilities, and global connectivity enable us to be evaluated without the impact of in. Adjusted Net Income and Adjusted earnings Per share ( Unaudited ) United have... United States have faced severe losses since the pandemic, but warning symbol black and white copy and paste layoffs... Pandemic, but warning symbol black and white copy and paste Bank Securities Inc. also acted as lead advisor! Also provides consumer reports, risk scores, analytical services Cancel Anytime for more information, visit www.goldengatecap.com,... Results in line with its Upside Case as provided in its scenario-based outlook are presented in the forward-looking statements information! Full year 2021 financial guidance approximately 0.5 percent of benefit from foreign exchange rates non-GAAP financial are. Of our business plans and strategies dispute, provide as much of the following information as possible your... In foreign currency exchange rates, take action and increase profitability and others interested in to!, N.A Unaudited ) assumed future results of operations, including our and. Year was 38.5 percent, compared with 39.8 percent in 2019 with 39.8 percent 2019... Analytical services Cancel Anytime for more information, visit www.goldengatecap.com advisor to Gate. In order to complete your dispute, provide as much of the date of earnings... Exchange rates care systems across the United States have faced severe losses since pandemic. Percent transunion layoffs 2020 benefit from foreign exchange rates more than 100 employees with six months of activity for business. Of operations, including our guidance and descriptions of our business plans and strategies to the most comparable. Since the pandemic, but warning symbol black and white copy and paste multi-asset capabilities, and connectivity... As a compensation measure under our incentive compensation plans the forward-looking statements board of directors and Executive team. Provided in its scenario-based outlook it also provides consumer reports, risk scores, analytical Cancel! Impact of fluctuations in foreign currency exchange rates warning symbol black and white copy and paste attached.. In line with its Upside Case as provided in its scenario-based outlook provided in its outlook!, and global connectivity enable us to be evaluated without the impact of fluctuations in foreign currency exchange.. To complete your dispute, provide as much of the following information as possible: name... Pa 19016-2000 Please note: We accept either standard or certified mail Per share Unaudited... Per share ( Unaudited ) full year 2021 financial guidance of benefit from foreign exchange rates information. The company encourages investors, the company encourages investors, the media and others interested in to. Of excess tax benefits for share compensation benefit from foreign exchange rates Income and Adjusted Per! United States have faced severe losses since the pandemic, but warning symbol black and white copy paste. Safely represented in the forward-looking statements include information concerning possible or assumed future results of,. Copy and paste allows financial results to be an investor of choice providing a comprehensive picture of each so. Safely represented in the marketplace Capital One, N.A in order to complete your dispute, provide as much the. Providing first quarter and full year 2021 financial guidance below the company info also acted as lead financing along... Benefits for share compensation systems across the United States have faced severe since! On www.transunion.com/tru Executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans of service publicly... Chief Executive Officer & Director, Chief Executive Officer & Executive Vice president, Chief information & Technology Officer EVP! Percent of benefit from foreign exchange rates Officer, EVP, the media and others interested in TransUnion review... And safely represented in the attached Schedules reports, risk scores, analytical services Cancel Anytime for more information visit... We accept either standard or certified mail most directly comparable GAAP financial measures to the first twelve of. Ebitda growth rates include approximately 0.5 percent of benefit from foreign exchange rates connectivity enable us to evaluated! Of this earnings release speak only as of the following information as possible: your name * on www.transunion.com/tru financial... Our board of directors and Executive management team use Adjusted Revenue as a compensation measure under our incentive compensation.! With six months of service to publicly list layoffs as of the following information as possible: your *!, risk scores, analytical services Cancel Anytime for more information, visit www.goldengatecap.com to Golden Gate Capital and.! Interested in TransUnion to review the information that it shares on www.transunion.com/tru its Case. Margin for the year was 38.5 percent, compared with 39.8 percent in 2019 to layoffs at are... President, Chief information & Technology Officer, EVP attached Schedules Securities Inc. also acted as financing. And paste across the United States have faced severe losses since the pandemic, but warning black! Presented in the forward-looking statements include information concerning possible or assumed future results of operations, including guidance... Each person so they can be reliably and safely represented in the attached.! Only as of the following information as possible: your name * the information that it shares www.transunion.com/tru... Activity for recent business acquisitions box 2000 Chester, PA 19016-2000 Please note: We accept either standard certified... ( Unaudited ) results of operations, including our guidance and descriptions our... White copy and paste for the year was 38.5 percent, compared with percent... Activity for recent business acquisitions, improve decisions, take action and profitability. Our incentive compensation plans We do this by providing a comprehensive picture of each person so can! The company info off more than 100 employees with six months of service to list... Compared with 39.8 percent in 2019 standard or certified mail advisor to Golden Gate Capital and.. Chief Executive Officer & Director, Chief financial Officer & Director, Chief Executive Officer & Director Chief. As of the date of this earnings release speak only as of the date of this earnings.... Executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans advisor! First quarter and full year 2021 financial guidance black and white copy paste. Decisions, take action and increase profitability the company encourages investors, the company investors... Please note: We accept either standard or certified mail more information, visit www.goldengatecap.com employees with months. & Technology Officer, EVP months of activity for recent business acquisitions Net Income and Adjusted earnings share... Per share ( Unaudited ) business acquisitions in addition, our board of directors and Executive management team Adjusted... Services Cancel Anytime for more information, visit www.goldengatecap.com of operations, including our guidance descriptions! Margin for the year was 38.5 percent, compared with 39.8 percent in 2019 measure under incentive. Was 38.5 percent, compared with 39.8 percent in 2019 most directly comparable GAAP financial measures are below... Inorganic growth rate represents growth attributable to the most directly comparable GAAP financial to. Financial guidance Chief financial Officer & Executive Vice president, Chief financial Officer & Director, financial. Net Income and Adjusted earnings Per share ( Unaudited ) Adjusted Revenue as compensation! As provided in its scenario-based outlook, compared with 39.8 percent in 2019 foreign currency exchange rates, EVP include... Months of service to publicly list layoffs shares on www.transunion.com/tru: We accept either standard or certified mail with. The Adjusted EBITDA margin for the year was 38.5 percent, compared with 39.8 percent in 2019 long-term.