TransUnion
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 23, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of O
Consolidated Statements of Operations (Unaudited)
(in millions, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $1,085.0 | $968.7 | $3,147.0 | $2,876.9 |
| Operating expenses | ||||
| Cost of services (exclusive of depreciation and amortization below) | 448.7 | 368.8 | 1,261.7 | 1,136.8 |
| Selling, general and administrative | 305.7 | 290.8 | 922.1 | 867.7 |
| Depreciation and amortization | 133.6 | 131.3 | 400.5 | 391.1 |
| Goodwill impairment | — | 414.0 | — | 414.0 |
| Restructuring | 40.5 | — | 66.8 | — |
| Total operating expenses | 928.6 | 1,205.0 | 2,651.0 | 2,809.6 |
| Operating income (loss) | 156.4 | (236.3) | 495.9 | 67.3 |
| Non-operating income and (expense) | ||||
| Interest expense | (66.6) | (72.7) | (203.2) | (217.2) |
| Interest income | 7.8 | 5.0 | 19.9 | 15.1 |
| Earnings from equity method investments | 4.7 | 3.7 | 14.0 | 11.7 |
| Other (expense) and income, net | (5.4) | 8.7 | (26.2) | (16.3) |
| Total non-operating income and (expense) | (59.6) | (55.4) | (195.4) | (206.8) |
| Income (loss) from continuing operations before income taxes | 96.8 | (291.7) | 300.5 | (139.5) |
| Provision for income taxes | (24.9) | (22.2) | (68.9) | (60.1) |
| Income (loss) from continuing operations | 71.9 | (313.9) | 231.6 | (199.6) |
| Discontinued operations, net of tax | — | (0.5) | — | (0.7) |
| Net income (loss) | 71.9 | (314.4) | 231.6 | (200.3) |
| Less: net income attributable to the noncontrolling interests | (3.9) | (4.3) | (13.4) | (11.9) |
| Net income (loss) attributable to TransUnion | $68.0 | $(318.8) | $218.2 | $(212.2) |
| Basic earnings (loss) per common share from: | ||||
| Income (loss) from continuing operations attributable to TransUnion | $0.35 | $(1.65) | $1.12 | $(1.09) |
| Discontinued operations, net of tax | — | — | — | — |
| Net income (loss) attributable to TransUnion | $0.35 | $(1.65) | $1.12 | $(1.10) |
| Diluted earnings (loss) per common share from: | ||||
| Income (loss) from continuing operations attributable to TransUnion | $0.35 | $(1.65) | $1.11 | $(1.09) |
| Discontinued operations, net of tax | — | — | — | — |
| Net income (loss) attributable to TransUnion | $0.35 | $(1.65) | $1.11 | $(1.10) |
| Weighted-average shares outstanding: | ||||
| Basic | 194.6 | 193.4 | 194.3 | 193.3 |
| Diluted | 197.0 | 193.4 | 196.3 | 193.3 |
As a result of displaying amounts in millions, and for the calculation of earnings per share, rounding differences may exist in the table above. See accompanying notes to unaudited consolidated financial statements.
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