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TransUnion

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 13, 2025

TRU$83.11+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 16. FORM 10-K SUMMARY

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 13, 2025.

TransUnion
By:/s/ Todd M. Cello
Todd M. CelloExecutive Vice President, Chief Financial Officer

POWER OF ATTORNEY

The officers and directors whose signatures appear below constitute and appoint Heather J. Russell and Rachel W. Mantz as their true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for them in their name, place and stead, in any and all capacities, to sign and file, with the Securities and Exchange Commission, this Form 10-K and any and all amendments and exhibits thereto, and all documents in connection therewith, granting unto each such attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully and to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that such attorneys-in-fact and agents or their substitutes may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on February 13, 2025.

SignatureTitle
/s/ Christopher A. CartwrightPresident & Chief Executive Officer, Director
Christopher A. Cartwright(Principal Executive Officer)
/s/ Todd M. CelloExecutive Vice President, Chief Financial Officer
Todd M. Cello(Principal Financial Officer)
/s/ Jennifer A. WilliamsSenior Vice President, Chief Accounting Officer
Jennifer A. Williams(Principal Accounting Officer)
/s/ George M. AwadDirector
George M. Awad
/s/ Suzanne P. ClarkDirector
Suzanne P. Clark
/s/ Hamidou DiaDirector
Hamidou Dia
/s/ Russell P. FradinDirector
Russell P. Fradin
/s/ Charles E. GottdienerDirector
Charles E. Gottdiener
/s/ Pamela A. JosephDirector
Pamela A. Joseph
/s/ Thomas L. Monahan, IIIDirector
Thomas L. Monahan, III
/s/ Ravi Kumar SingisettiDirector
Ravi Kumar Singisetti
/s/ Linda K. ZukauckasDirector
Linda K. Zukauckas

Schedule I—Condensed Financial Information of TransUnion

Balance Sheets

December 31,2024December 31,2023
Assets
Current assets:
Other current assets$0.1$—
Total current assets0.1—
Investment in TransUnion Intermediate Holdings, Inc.4,846.14,524.6
Other assets5.96.0
Total assets$4,852.1$4,530.6
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable$0.1$—
Due to TransUnion Intermediate Holdings, Inc.628.6516.9
Other current liabilities2.31.9
Total current liabilities631.0518.8
Other liabilities4.13.6
Total liabilities635.1522.4
Stockholders’ equity:
Common stock, $0.01 par value; 1.0 billion shares authorized at December 31, 2024 and December 31, 2023; 201.5 million and 200.0 million shares issued as of December 31, 2024 and December 31, 2023, respectively; and 194.9 million and 193.8 million shares outstanding as of December 31, 2024 and December 31, 2023, respectively2.02.0
Additional paid-in capital2,558.92,412.9
Treasury stock at cost; 6.6 million and 6.2 million shares at December 31, 2024 and December 31, 2023, respectively(334.6)(302.9)
Retained earnings2,357.92,157.1
Accumulated other comprehensive loss(367.2)(260.9)
Total stockholders’ equity4,217.04,008.2
Total liabilities and stockholders’ equity$4,852.1$4,530.6

Statements of Operations

Years Ended December 31,
202420232022
Revenue$—$—$—
Operating expenses
Selling, general and administrative4.04.43.5
Total operating expenses4.04.43.5
Operating loss(4.0)(4.4)(3.5)
Non-operating income and expense
Equity income from TransUnion Intermediate Holdings, Inc.287.5(202.9)269.1
Total non-operating income and expense287.5(202.9)269.1
Income (loss) from continuing operations before income taxes283.5(207.3)265.6
Benefit for income taxes0.91.10.7
Net income (loss) attributable to TransUnion Holding$284.4$(206.2)$266.3

Statements of Comprehensive Income (Loss)

Years Ended December 31,
202420232022
Net income (loss) attributable to TransUnion Holding$284.4$(206.2)$266.3
Other comprehensive income (loss):
Foreign currency translation of TransUnion Intermediate Holdings, Inc.:
Foreign currency translation adjustment(69.3)82.2(193.4)
Benefit (provision) for income taxes2.1(2.0)(0.7)
Foreign currency translation, net(67.2)80.2(194.1)
Hedge instruments of TransUnion Intermediate Holdings, Inc.:
Net change on interest rate swap(52.3)(75.5)260.1
Benefit (provision) for income taxes13.118.9(64.9)
Cash flow hedges, net(39.2)(56.6)195.2
Available-for-sale securities of TransUnion Intermediate Holdings, Inc.:
Net unrealized gain (loss)——(0.3)
Benefit for income taxes——0.1
Available-for-sale securities, net——(0.2)
Total other comprehensive income (loss), net of tax(106.4)23.60.9
Comprehensive income (loss) attributable to TransUnion$178.0$(182.6)$267.2

Statements of Cash Flows

Years Ended December 31,
202420232022
Cash provided by operating activities$89.5$77.1$91.6
Cash used in investing activities———
Cash flows from financing activities:
Proceeds from issuance of common stock and exercise of stock options24.923.118.7
Dividends to shareholders(82.7)(81.8)(77.8)
Treasury stock purchased(31.7)(18.4)(32.5)
Cash used in financing activities(89.5)(77.1)(91.6)
Net change in cash and cash equivalents———
Cash and cash equivalents, beginning of period———
Cash and cash equivalents, end of period$—$—$—

Notes to Financial Statements

Note 1. Basis of Presentation

In the TransUnion parent company only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in the undistributed earnings of subsidiaries since the date of acquisition. The Company’s share of net income of its subsidiaries is included in consolidated income using the equity method. The parent company only financial information should be read in conjunction with TransUnion’s consolidated financial statements and accompanying notes.

Note 2. Income Tax

TransUnion entered into an intercompany tax allocation agreement with TransUnion Intermediate Holdings, Inc. in 2013, effective for all taxable periods from May 1, 2012, forward, in which they are members of the same consolidated federal or state tax groups. The agreement allocates the consolidated tax liability from those filings among the various members of the group.

Note 3. Dividends to Stockholders

For the years ended December 31, 2024, 2023 and 2022, we declared dividends of $0.42, $0.42 and $0.40 per share, respectively. During 2024, 2023 and 2022, we paid dividends of $82.7 million, $81.8 million and $77.8 million, respectively. Dividends declared accrue to outstanding restricted stock units and are paid to employees as dividend equivalents when the restricted stock units vest.

Schedule II—Valuation and Qualifying Accounts

(in millions)Balance atBeginning of YearCharged toCosts andExpensesCharged toOtherAccountsDeductionsBalance atEnd ofYear
Allowance for deferred tax assets:
Year Ended December 31,
2024$104.7$7.2$—$(18.5)$93.4
2023$98.9$9.4$2.7$(6.3)$104.7
2022$70.8$21.8$9.7$(3.4)$98.9
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.