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Financial Statements of Guarantors
9 Months Ended
Sep. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Financial Statements of Guarantors
Financial Statements of Guarantors
As discussed in Note 9, “Debt,” the obligations under the 11.375% notes are unsecured obligations of Trans Union LLC and TransUnion Financing Corporation. However they are guaranteed by TransUnion Corp and certain 100% owned domestic subsidiaries of Trans Union LLC. TransUnion Holding does not guarantee the 11.375% notes. The guarantees of the guarantors are joint, several, full and unconditional. The accompanying consolidating financial information presents the financial position, income statement, comprehensive income and cash flows of the parent guarantor, the issuers, the guarantor subsidiaries as a group, and the non-guarantor subsidiaries as a group. Each entity’s investments in its subsidiaries, if any, are presented under the equity method. The domestic tax provision and related taxes receivable and payable, and the domestic deferred tax assets and liabilities, are prepared on a consolidated basis and are not fully allocated to individual legal entities. As a result, the information presented is not intended to present the financial position or results of operations of those entities on a stand-alone basis.
TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Balance Sheet – Successor (Unaudited)
September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
22.6

 
$

 
$

 
$
94.9

 
$

 
$
117.5

Trade accounts receivable, net

 
104.9

 
26.9

 
51.9

 

 
183.7

Due from affiliates

 
10.7

 

 
58.3

 
(69.0
)
 

Other current assets
(14.5
)
 
43.9

 
(0.4
)
 
7.1

 

 
36.1

Total current assets
8.1

 
159.5

 
26.5

 
212.2

 
(69.0
)
 
337.3

Property, plant and equipment, net

 
98.6

 
8.2

 
18.4

 

 
125.2

Other marketable securities

 
11.6

 

 

 

 
11.6

Goodwill

 
1,145.6

 
199.9

 
509.9

 

 
1,855.4

Other intangibles, net

 
1,560.8

 
135.7

 
185.7

 

 
1,882.2

Other assets
1,624.5

 
1,093.9

 
2.5

 
49.2

 
(2,664.3
)
 
105.8

Total assets
$
1,632.6

 
$
4,070.0

 
$
372.8

 
$
975.4

 
$
(2,733.3
)
 
$
4,317.5

Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
0.1

 
$
46.3

 
$
22.5

 
$
13.1

 
$

 
$
82.0

Due to affiliates
43.8

 

 
7.1

 

 
(50.9
)
 

Short-term debt and current portion of long-term debt

 
76.1

 

 
18.0

 
(18.0
)
 
76.1

Other current liabilities
15.6

 
81.9

 
5.7

 
25.4

 

 
128.6

Total current liabilities
59.5

 
204.3

 
35.3

 
56.5

 
(68.9
)
 
286.7

Long-term debt

 
1,652.3

 

 
6.5

 
(6.5
)
 
1,652.3

Other liabilities
(29.7
)
 
585.5

 
32.7

 
78.8

 

 
667.3

Total liabilities
29.8

 
2,442.1

 
68.0

 
141.8

 
(75.4
)
 
2,606.3

Redeemable noncontrolling interests

 

 

 
18.5

 

 
18.5

Total TransUnion Corp. stockholders’ equity
1,602.8

 
1,627.9

 
304.8

 
725.2

 
(2,657.9
)
 
1,602.8

Noncontrolling interests

 

 

 
89.9

 

 
89.9

Total stockholders’ equity
1,602.8

 
1,627.9

 
304.8

 
815.1

 
(2,657.9
)
 
1,692.7

Total liabilities and stockholders’ equity
$
1,632.6

 
$
4,070.0

 
$
372.8

 
$
975.4

 
$
(2,733.3
)
 
$
4,317.5

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Balance Sheet – Successor (Audited)
December 31, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
75.3

 
$

 
$

 
$
79.0

 
$

 
$
154.3

Trade accounts receivable, net

 
98.0

 
19.5

 
46.1

 

 
163.6

Due from affiliates


 


 
46.2

 
56.7

 
(102.9
)
 

Other current assets
(0.3
)
 
52.7

 
(0.7
)
 
7.0

 

 
58.7

Total current assets
75.0

 
150.7

 
65.0

 
188.8

 
(102.9
)
 
376.6

Property, plant and equipment, net

 
95.8

 
7.8

 
17.6

 

 
121.2

Other marketable securities

 
11.4

 

 

 

 
11.4

Goodwill

 
961.6

 
324.6

 
518.0

 

 
1,804.2

Other intangibles, net

 
1,629.6

 
75.8

 
206.2

 

 
1,911.6

Other assets
1,611.8

 
1,235.2

 
2.2

 
42.4

 
(2,795.9
)
 
95.7

Total assets
$
1,686.8

 
$
4,084.3

 
$
475.4

 
$
973.0

 
$
(2,898.8
)
 
$
4,320.7

Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable
$

 
$
43.2

 
$
18.9

 
$
15.4

 
$

 
$
77.5

Due to affiliates
14.9

 
82.5

 

 

 
(97.4
)
 

Short-term debt and current portion of long-term debt

 
9.5

 

 
6.6

 
(5.5
)
 
10.6

Other current liabilities
7.9

 
68.4

 
7.2

 
23.5

 

 
107.0

Total current liabilities
22.8

 
203.6

 
26.1

 
45.5

 
(102.9
)
 
195.1

Long-term debt

 
1,672.3

 

 
6.5

 
(6.5
)
 
1,672.3

Other liabilities
(13.9
)
 
589.6

 
2.0

 
89.7

 

 
667.4

Total liabilities
8.9

 
2,465.5

 
28.1

 
141.7

 
(109.4
)
 
2,534.8

Redeemable noncontrolling interests

 

 

 
14.7

 

 
14.7

Total TransUnion Corp. stockholders’ equity
1,677.9

 
1,618.8

 
447.3

 
723.3

 
(2,789.4
)
 
1,677.9

Noncontrolling interests

 

 

 
93.3

 

 
93.3

Total stockholders’ equity
1,677.9

 
1,618.8

 
447.3

 
816.6

 
(2,789.4
)
 
1,771.2

Total liabilities and stockholders’ equity
$
1,686.8

 
$
4,084.3

 
$
475.4

 
$
973.0

 
$
(2,898.8
)
 
$
4,320.7


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Income – Successor (Unaudited)
For the Three Months Ended September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Revenue
$

 
$
178.6

 
$
69.4

 
$
66.3

 
$
(14.8
)
 
$
299.5

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of services

 
78.6

 
28.9

 
18.5

 
(10.1
)
 
115.9

Selling, general and administrative

 
51.2

 
19.9

 
19.7

 
(4.9
)
 
85.9

Depreciation and amortization

 
37.7

 
4.5

 
5.8

 

 
48.0

Total operating expenses

 
167.5

 
53.3

 
44.0

 
(15.0
)
 
249.8

Operating income

 
11.1

 
16.1

 
22.3

 
0.2

 
49.7

Non-operating income and expense
 
 
 
 
 
 
 
 
 
 
 
Interest expense

 
(24.8
)
 

 
(0.3
)
 
0.2

 
(24.9
)
Interest income

 
0.2

 

 
0.8

 
(0.2
)
 
0.8

Other income and (expense), net
18.7

 
32.6

 

 
(0.3
)
 
(49.4
)
 
1.6

Total non-operating income and expense
18.7

 
8.0

 

 
0.2

 
(49.4
)
 
(22.5
)
Income before income taxes
18.7

 
19.1

 
16.1

 
22.5

 
(49.2
)
 
27.2

Provision for income taxes
(1.2
)
 
(0.3
)
 

 
(6.2
)
 

 
(7.7
)
Net income
17.5


18.8


16.1


16.3


(49.2
)
 
19.5

Less: net income attributable to noncontrolling interests

 

 

 
(2.0
)
 

 
(2.0
)
Net income attributable to TransUnion Corp.
$
17.5

 
$
18.8

 
$
16.1

 
$
14.3

 
$
(49.2
)
 
$
17.5


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Comprehensive Income – Successor (Unaudited)
For the Three Months Ended September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Net income
$
17.5

 
$
18.8

 
$
16.1

 
$
16.3

 
$
(49.2
)
 
$
19.5

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(2.2
)
 
(2.2
)
 

 
(2.4
)
 
4.4

 
(2.4
)
Net unrealized loss on hedges (net of tax at 36%)
(0.5
)
 
(0.5
)
 

 

 
0.5

 
(0.5
)
Total other comprehensive loss, net of tax
(2.7
)
 
(2.7
)
 

 
(2.4
)
 
4.9

 
(2.9
)
Comprehensive income
14.8

 
16.1

 
16.1

 
13.9

 
(44.3
)
 
16.6

Less: comprehensive income attributable to noncontrolling interests

 

 

 
(1.8
)
 

 
(1.8
)
Comprehensive income attributable to TransUnion Corp.
$
14.8

 
$
16.1

 
$
16.1

 
$
12.1

 
$
(44.3
)
 
$
14.8


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Income – Successor (Unaudited)
For the Nine Months Ended September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Revenue
$

 
$
535.2

 
$
205.4

 
$
195.3

 
$
(45.1
)
 
$
890.8

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of services

 
235.4

 
90.8

 
59.3

 
(30.6
)
 
354.9

Selling, general and administrative

 
158.5

 
59.1

 
61.1

 
(15.3
)
 
263.4

Depreciation and amortization

 
109.0

 
11.5

 
18.0

 

 
138.5

Total operating expenses

 
502.9

 
161.4

 
138.4

 
(45.9
)
 
756.8

Operating income

 
32.3

 
44.0

 
56.9

 
0.8

 
134.0

Non-operating income and expense
 
 
 
 
 
 
 
 
 
 
 
Interest expense

 
(75.9
)
 
0.1

 
(0.8
)
 
0.7

 
(75.9
)
Interest income

 
0.8

 

 
1.2

 
(0.7
)
 
1.3

Other income and (expense), net
43.9

 
87.7

 
1.6

 
(0.5
)
 
(130.2
)
 
2.5

Total non-operating income and expense
43.9

 
12.6

 
1.7

 
(0.1
)
 
(130.2
)
 
(72.1
)
Income before income taxes
43.9

 
44.9

 
45.7

 
56.8

 
(129.4
)
 
61.9

Provision for income taxes
(6.1
)
 
(0.8
)
 
(0.2
)
 
(12.0
)
 

 
(19.1
)
Net income
37.8

 
44.1

 
45.5

 
44.8

 
(129.4
)
 
42.8

Less: net income attributable to noncontrolling interests

 

 

 
(5.0
)
 

 
(5.0
)
Net income attributable to TransUnion Corp.
$
37.8

 
$
44.1

 
$
45.5

 
$
39.8

 
$
(129.4
)
 
$
37.8


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Comprehensive Income – Successor (Unaudited)
For the Nine Months Ended September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Net income
$
37.8

 
$
44.1

 
$
45.5

 
$
44.8

 
$
(129.4
)
 
$
42.8

Other comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(42.6
)
 
(42.6
)
 

 
(46.1
)
 
85.2

 
(46.1
)
Net unrealized gain on hedges (net of tax at 36%)
2.6

 
2.6

 

 

 
(2.6
)
 
2.6

Total other comprehensive loss, net of tax
(40.0
)
 
(40.0
)
 

 
(46.1
)
 
82.6

 
(43.5
)
Comprehensive income (loss)
(2.2
)
 
4.1

 
45.5

 
(1.3
)
 
(46.8
)
 
(0.7
)
Less: comprehensive income attributable to noncontrolling interests

 

 

 
(1.5
)
 

 
(1.5
)
Comprehensive income (loss) attributable to TransUnion Corp.
$
(2.2
)
 
$
4.1

 
$
45.5

 
$
(2.8
)
 
$
(46.8
)
 
$
(2.2
)

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Income – Successor (Unaudited)
For the Three Months Ended September 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$

 
$
178.6

 
$
61.1

 
$
66.1

 
$
(14.1
)
 
$
291.7

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of services

 
73.7

 
27.4

 
19.7

 
(9.3
)
 
111.5

Selling, general and administrative

 
49.6

 
13.2

 
17.8

 
(5.1
)
 
75.5

Depreciation and amortization

 
35.5

 
1.6

 
6.0

 

 
43.1

Total operating expenses

 
158.8

 
42.2

 
43.5

 
(14.4
)
 
230.1

Operating income

 
19.8

 
18.9

 
22.6

 
0.3

 
61.6

Non-operating income and expense
 
 
 
 
 
 
 
 
 
 
 
Interest expense

 
(27.7
)
 

 

 
0.1

 
(27.6
)
Interest income

 
0.1

 

 
0.6

 
(0.1
)
 
0.6

Other income and (expense), net
27.6

 
36.0

 
0.1

 
(3.1
)
 
(61.2
)
 
(0.6
)
Total non-operating income and expense
27.6

 
8.4

 
0.1

 
(2.5
)
 
(61.2
)
 
(27.6
)
Income before income taxes
27.6

 
28.2

 
19.0

 
20.1

 
(60.9
)
 
34.0

Provision for income taxes
(6.8
)
 
(0.5
)
 
(0.2
)
 
(3.5
)
 

 
(11.0
)
Net income
20.8

 
27.7

 
18.8

 
16.6

 
(60.9
)
 
23.0

Less: net income attributable to noncontrolling interests

 

 

 
(2.2
)
 

 
(2.2
)
Net income attributable to TransUnion Corp.
$
20.8

 
$
27.7

 
$
18.8

 
$
14.4

 
$
(60.9
)
 
$
20.8


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Comprehensive Income – Successor (Unaudited)
For the Three Months Ended September 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income
$
20.8

 
$
27.7

 
$
18.8

 
$
16.6

 
$
(60.9
)
 
$
23.0

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(1.3
)
 
(1.3
)
 

 
(1.2
)
 
2.6

 
(1.2
)
Net unrealized loss on hedges (net of tax at 36%)
(1.4
)
 
(1.4
)
 

 

 
1.4

 
(1.4
)
Total other comprehensive loss, net of tax
(2.7
)
 
(2.7
)
 

 
(1.2
)
 
4.0

 
(2.6
)
Comprehensive income
18.1

 
25.0

 
18.8

 
15.4

 
(56.9
)
 
20.4

Less: comprehensive income attributable to noncontrolling interests

 

 

 
(2.3
)
 

 
(2.3
)
Comprehensive income attributable to TransUnion Corp.
$
18.1

 
$
25.0

 
$
18.8

 
$
13.1

 
$
(56.9
)
 
$
18.1


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Income – Successor (Unaudited)
For the Five Month Ended September 30, 2012

(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$

 
$
295.5

 
$
103.5

 
$
109.8

 
$
(26.2
)
 
$
482.6

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of services

 
125.4

 
45.5

 
32.8

 
(17.5
)
 
186.2

Selling, general and administrative
0.1

 
80.8

 
24.4

 
29.7

 
(9.2
)
 
125.8

Depreciation and amortization

 
59.2

 
4.8

 
8.1

 

 
72.1

Total operating expenses
0.1

 
265.4

 
74.7

 
70.6

 
(26.7
)
 
384.1

Operating income (loss)
(0.1
)
 
30.1

 
28.8

 
39.2

 
0.5

 
98.5

Non-operating income and expense
 
 
 
 
 
 
 
 
 
 
 
Interest expense

 
(46.0
)
 

 
(0.1
)
 
0.1

 
(46.0
)
Interest income

 
0.1

 

 
0.7

 
(0.1
)
 
0.7

Other income and (expense), net
41.7

 
58.3

 

 
(3.3
)
 
(96.9
)
 
(0.2
)
Total non-operating income and expense
41.7

 
12.4

 

 
(2.7
)
 
(96.9
)
 
(45.5
)
Income before income taxes
41.6

 
42.5

 
28.8

 
36.5

 
(96.4
)
 
53.0

Provision for income taxes
(11.2
)
 
(0.5
)
 
(0.2
)
 
(7.4
)
 

 
(19.3
)
Net income
30.4


42.0


28.6


29.1


(96.4
)
 
33.7

Less: net income attributable to noncontrolling interests

 

 

 
(3.3
)
 

 
(3.3
)
Net income attributable to TransUnion Corp.
$
30.4

 
$
42.0

 
$
28.6

 
$
25.8

 
$
(96.4
)
 
$
30.4


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Comprehensive Income – Successor (Unaudited)
For the Five Month Ended September 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income
$
30.4

 
$
42.0

 
$
28.6

 
$
29.1

 
$
(96.4
)
 
$
33.7

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
(6.9
)
 
(6.9
)
 

 
(7.6
)
 
13.8

 
(7.6
)
Net Unrealized loss on hedges (net of tax at 36%)
(3.4
)
 
(3.4
)
 

 

 
3.4

 
(3.4
)
Total other comprehensive income, net of tax
(10.3
)
 
(10.3
)
 

 
(7.6
)
 
17.2

 
(11.0
)
Comprehensive income
20.1

 
31.7

 
28.6

 
21.5

 
(79.2
)
 
22.7

Less: comprehensive income attributable to noncontrolling interests

 

 

 
(2.6
)
 

 
(2.6
)
Comprehensive income attributable to TransUnion Corp.
$
20.1

 
$
31.7

 
$
28.6

 
$
18.9

 
$
(79.2
)
 
$
20.1


TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Income – Predecessor (Unaudited)
For the Four Months Ended April 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$

 
$
228.7

 
$
82.5

 
$
84.6

 
$
(22.8
)
 
$
373.0

Operating expenses
 
 
 
 
 
 
 
 
 
 
 
Cost of services

 
122.6

 
36.1

 
29.6

 
(16.3
)
 
172.0

Selling, general and administrative
0.1

 
120.0

 
30.5

 
28.3

 
(6.9
)
 
172.0

Depreciation and amortization

 
19.8

 
5.9

 
3.5

 

 
29.2

Total operating expenses
0.1

 
262.4

 
72.5

 
61.4

 
(23.2
)
 
373.2

Operating income (loss)
(0.1
)
 
(33.7
)
 
10.0

 
23.2

 
0.4

 
(0.2
)
Non-operating income and expense
 
 
 
 
 
 
 
 
 
 
 
Interest expense
(0.3
)
 
(40.2
)
 

 
(0.3
)
 
0.3

 
(40.5
)
Interest income
0.3

 
0.3

 

 
0.3

 
(0.3
)
 
0.6

Other income and (expense), net
(72.7
)
 
23.4

 

 
(0.4
)
 
25.9

 
(23.8
)
Total non-operating income and expense
(72.7
)
 
(16.5
)
 

 
(0.4
)
 
25.9

 
(63.7
)
Income (loss) before income taxes
(72.8
)
 
(50.2
)
 
10.0

 
22.8

 
26.3

 
(63.9
)
Provision for income taxes
17.9

 
(1.6
)
 

 
(4.8
)
 

 
11.5

Net income (loss)
(54.9
)
 
(51.8
)
 
10.0

 
18.0

 
26.3

 
(52.4
)
Less: net income attributable to noncontrolling interests

 

 

 
(2.5
)
 

 
(2.5
)
Net income (loss) attributable to TransUnion Corp.
$
(54.9
)
 
$
(51.8
)
 
$
10.0

 
$
15.5

 
$
26.3

 
$
(54.9
)

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Comprehensive Income – Predecessor (Unaudited)
For the Four Months Ended April 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
(54.9
)
 
$
(51.8
)
 
$
10.0

 
$
18.0

 
$
26.3

 
$
(52.4
)
Other comprehensive income, net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustment
2.2

 
2.2

 

 
2.5

 
(4.4
)
 
2.5

Total other comprehensive income, net of tax
2.2

 
2.2

 

 
2.5

 
(4.4
)
 
2.5

Comprehensive income (loss)
(52.7
)
 
(49.6
)
 
10.0

 
20.5

 
21.9

 
(49.9
)
Less: comprehensive income attributable to noncontrolling interests

 

 

 
(2.8
)
 

 
(2.8
)
Comprehensive income (loss) attributable to TransUnion Corp.
$
(52.7
)
 
$
(49.6
)
 
$
10.0

 
$
17.7

 
$
21.9

 
$
(52.7
)

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Cash Flows – Successor (Unaudited)
Nine Months Ended September 30, 2013
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
TransUnion
Corp.
Consolidated
Cash provided by (used in) operating activities
$
25.3

 
$
(6.8
)
 
$
110.5

 
$
57.7

 
$

 
$
186.7

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures for property and equipment

 
(38.3
)
 
(9.7
)
 
(6.1
)
 

 
(54.1
)
Proceeds from sale of trading securities

 
2.2

 

 

 

 
2.2

Investments in trading securities

 
(1.7
)
 

 

 

 
(1.7
)
Acquisitions and purchases of noncontrolling interests, net of cash acquired

 

 
(104.2
)
 
(31.6
)
 

 
(135.8
)
Proceeds from sale of other assets

 
0.9

 
3.2

 
0.1

 

 
4.2

Issuance of intercompany notes

 
(32.0
)
 

 

 
32.0

 

Proceeds from repayment of intercompany notes

 
19.5

 

 

 
(19.5
)
 

Acquisition related deposits
 
 
 
 
 
 
(9.0
)
 
 
 
(9.0
)
Other

 

 
0.2

 
1.5

 

 
1.7

Cash used in investing activities

 
(49.4
)
 
(110.5
)
 
(45.1
)
 
12.5

 
(192.5
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Proceeds from senior secured credit facility

 
923.4

 

 

 

 
923.4

Extinguishment of senior secured credit facility

 
(923.4
)
 

 

 

 
(923.4
)
Proceeds from senior secured revolving line of credit

 
65.0

 

 

 

 
65.0

Repayments of debt

 
(7.6
)
 

 
(1.1
)
 

 
(8.7
)
Proceeds from capital lease

 
2.0

 

 

 

 
2.0

Debt financing fees

 
(3.2
)
 

 

 

 
(3.2
)
Dividends to TransUnion Holding
(78.0
)
 

 

 

 

 
(78.0
)
Proceeds from intercompany notes

 

 

 
32.0

 
(32.0
)
 

Repayment of intercompany notes

 

 

 
(19.5
)
 
19.5

 

Distributions to noncontrolling interests

 

 

 
(2.8
)
 

 
(2.8
)
Cash provided by (used in) financing activities
(78.0
)
 
56.2

 

 
8.6

 
(12.5
)
 
(25.7
)
Effect of exchange rate changes on cash and cash equivalents

 

 

 
(5.3
)
 

 
(5.3
)
Net change in cash and cash equivalents
(52.7
)
 

 

 
15.9

 

 
(36.8
)
Cash and cash equivalents, beginning of period
75.3

 

 

 
79.0

 

 
154.3

Cash and cash equivalents, end of period
$
22.6

 
$

 
$

 
$
94.9

 
$

 
$
117.5

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Cash Flows – Successor (Unaudited)
For the Five Months Ended September 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash provided by operating activities
$
24.1

 
$
28.0

 
$
4.4

 
$
20.6

 
$

 
$
77.1

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures for property and equipment

 
(19.0
)
 
(4.4
)
 
(2.8
)
 

 
(26.2
)
Investments in trading securities

 
(0.3
)
 

 

 

 
(0.3
)
Acquisitions and purchases of noncontrolling interests, net of cash acquired

 

 

 
(10.5
)
 

 
(10.5
)
Proceeds from notes receivable

 

 

 
3.9

 
(3.9
)
 

Other

 

 

 
(1.5
)
 

 
(1.5
)
Cash used in investing activities

 
(19.3
)
 
(4.4
)
 
(10.9
)
 
(3.9
)
 
(38.5
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Repayments of debt

 
(8.7
)
 

 

 
3.9

 
(4.8
)
Change in control transaction fees
(0.3
)
 

 

 

 

 
(0.3
)
Distributions to noncontrolling interests

 

 

 
(2.1
)
 

 
(2.1
)
Cash used in financing activities
(0.3
)
 
(8.7
)
 

 
(2.1
)
 
3.9

 
(7.2
)
Effect of exchange rate changes on cash and cash equivalents

 

 

 
(0.6
)
 

 
(0.6
)
Net change in cash and cash equivalents
23.8

 

 

 
7.0

 

 
30.8

Cash and cash equivalents, beginning of period
35.2

 

 

 
61.2

 

 
96.4

Cash and cash equivalents, end of period
$
59.0

 
$

 
$

 
$
68.2

 
$

 
$
127.2

TRANSUNION CORP. AND SUBSIDIARIES
Consolidating Statement of Cash Flows – Predecessor (Unaudited)
For the Four Months Ended April 30, 2012
(in millions)
 
 
Parent
TransUnion
Corp.
 
Issuers
Trans Union
LLC and
TransUnion
Financing
Corporation
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash provided by (used in) operating activities
$
34.8

 
$
(3.5
)
 
$
4.5

 
$
16.5

 
$
0.1

 
$
52.4

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures for property and equipment

 
(15.6
)
 
(3.6
)
 
(1.2
)
 

 
(20.4
)
Proceeds from sale of trading securities

 
1.1

 

 

 

 
1.1

Investments in trading securities

 
(1.1
)
 

 

 

 
(1.1
)
Acquisitions and purchases of noncontrolling interests, net of cash acquired

 

 

 
(0.1
)
 

 
(0.1
)
Proceeds from notes receivable

 
22.6

 

 

 
(22.6
)
 

Issuance of notes receivable

 

 

 
(4.1
)
 
4.1

 

Proceeds from sale of other assets

 

 
0.2

 

 

 
0.2

Other

 

 
(0.3
)
 
1.0

 

 
0.7

Cash provided by (used in) investing activities

 
7.0

 
(3.7
)
 
(4.4
)
 
(18.5
)
 
(19.6
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
 
 
Repayments of debt
(10.3
)
 
(2.5
)
 
(0.9
)
 
(23.5
)
 
22.6

 
(14.6
)
Debt financing fees

 
(6.1
)
 

 

 

 
(6.1
)
Distribution of merger consideration
(1.3
)
 

 

 

 

 
(1.3
)
Change in control transaction fees
(20.9
)
 

 

 

 

 
(20.9
)
Proceeds from issuance of debt

 
4.1

 

 

 
(4.1
)
 

Distributions to noncontrolling interests

 

 

 
(0.4
)
 

 
(0.4
)
Other
(1.7
)
 

 

 
0.1

 
(0.1
)
 
(1.7
)
Cash used in financing activities
(34.2
)
 
(4.5
)
 
(0.9
)
 
(23.8
)
 
18.4

 
(45.0
)
Effect of exchange rate changes on cash and cash equivalents

 

 

 
0.8

 

 
0.8

Net change in cash and cash equivalents
0.6

 
(1.0
)
 
(0.1
)
 
(10.9
)
 

 
(11.4
)
Cash and cash equivalents, beginning of period
34.6

 
1.0

 
0.1

 
72.1

 

 
107.8

Cash and cash equivalents, end of period
$
35.2

 
$

 
$

 
$
61.2

 
$

 
$
96.4