TransUnion
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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14 Leases
- Leases
Our lease obligations consist of operating leases for office space and data centers. Our operating leases have remaining lease terms of up to 7.8 years. As of December 31, 2024 and 2023, the weighted-average remaining lease terms were 3.5 years and 6.1 years, respectively. As of December 31, 2024 and 2023, the weighted-average discount rate at lease inception used to calculate the present value of the fixed future lease payments were 5.7% and 4.5%, respectively.
For the years ended December 31, 2024, 2023 and 2022 our operating lease costs, including fixed, variable and short-term lease costs, were $43.0 million, $39.7 million and $44.5 million, respectively. Cash paid for operating leases are included in operating cash flows and were $39.9 million, $39.4 million and $36.5 million, for the years ended December 31, 2024, 2023 and 2022, respectively.
Future fixed payments for non-cancelable operating leases in effect as of December 31, 2024 are payable as follows:
| 2025 | $24.2 |
| 2026 | 20.2 |
| 2027 | 12.6 |
| 2028 | 6.5 |
| 2029 | 2.9 |
| Thereafter | 3.5 |
| Total operating lease payments | 69.9 |
| Less imputed interest | (6.4) |
| Totals | $63.4 |
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