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Condensed Financial Information of TransUnion
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information of TransUnion
Schedule I—Condensed Financial Information of TransUnion
TRANSUNION
Parent Company Only
Balance Sheet
(in millions, except per share data)
 December 31,
2020
December 31,
2019
Assets
Current assets:
Other current assets$0.3 $0.1 
Total current assets0.3 0.1 
Investment in TransUnion Intermediate2,748.7 2,368.4 
Other assets6.3 6.5 
Total assets$2,755.3 $2,375.0 
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable$— $— 
Due to TransUnion Intermediate211.4 126.4 
Other current liabilities1.4 0.8 
Total current liabilities212.8 127.2 
Other liabilities2.3 2.4 
Total liabilities215.1 129.6 
Stockholders’ equity:
Common stock, $0.01 par value; 1.0 billion shares authorized at December 31, 2020 and December 31, 2019; 195.7 million and 193.5 million shares issued as of December 31, 2020 and December 31, 2019, respectively; and 190.5 million and 188.7 million shares outstanding as of December 31, 2020 and December 31, 2019, respectively2.0 1.9 
Additional paid-in capital2,088.1 2,022.3 
Treasury stock at cost; 5.2 and 4.8 million shares at December 31, 2020 and December 31, 2019, respectively(215.2)(179.2)
Retained earnings937.4 652.0 
Accumulated other comprehensive loss(272.1)(251.6)
Total stockholders’ equity2,540.2 2,245.4 
Total liabilities and stockholders’ equity$2,755.3 $2,375.0 
 See accompanying notes to condensed financial statements.
Schedule I —Condensed Financial Information of TransUnion
TRANSUNION
Parent Company Only
Statement of Income
(in millions)
Twelve Months Ended December 31,
 202020192018
Revenue$— $— $— 
Operating expenses
Selling, general and administrative3.1 3.5 3.2 
Total operating expenses3.1 3.5 3.2 
Operating loss(3.1)(3.5)(3.2)
Non-operating income and expense
Equity Income from TransUnion Intermediate345.0 349.2 279.3 
Other income and (expense), net0.2 — (0.4)
Total non-operating income and expense345.2 349.2 278.9 
Income from continuing operations before income taxes342.1 345.7 275.7 
Benefit (provision) for income taxes1.1 1.2 0.9 
Net income$343.2 $346.9 $276.6 
See accompanying notes to condensed financial statements.
Schedule I —Condensed Financial Information of TransUnion
TRANSUNION
Parent Company Only
Statements of Comprehensive Income
(in millions)

 
Twelve Months Ended December 31,
 202020192018
Net income$343.2 $346.9 $276.6 
Other comprehensive income:
         Foreign currency translation:
               Foreign currency translation adjustment8.4 65.5 (145.1)
               Benefit (expense) for income taxes0.8 (0.5)— 
         Foreign currency translation, net9.2 65.0 (145.1)
         Hedge instruments:
               Net change on interest rate cap4.1 (11.0)7.6 
               Net change on interest rate swap(43.5)(35.4)(10.7)
               Cumulative effect of adopting ASU 2017-12— 1.0 — 
               Benefit for income taxes9.5 11.5 0.8 
         Hedge instruments, net(29.9)(33.9)(2.3)
         Available-for-sale securities:
              Net unrealized gain0.3 — — 
              Expense for income taxes(0.1)— — 
         Available-for-sale securities, net0.2 — — 
Total other comprehensive (loss) income, net of tax(20.5)31.1 (147.4)
Comprehensive income attributable to TransUnion$322.7 $378.0 $129.2 
See accompanying notes to condensed financial statements.
Schedule I —Condensed Financial Information of TransUnion
TRANSUNION
 Parent Company Only
Statement of Cash Flows
(in millions)
 
Twelve Months Ended December 31,
 202020192018
Cash provided by (used in) operating activities$70.8 $71.7 $16.6 
Cash used in investing activities— — — 
Cash flows from financing activities:
Proceeds from issuance of common stock and exercise of stock options22.9 24.4 26.2 
Dividends to shareholders(57.6)(56.8)(41.6)
Treasury stock purchased(36.1)(39.3)(1.2)
Cash (used in) provided by financing activities(70.8)(71.7)(16.6)
Net change in cash and cash equivalents— — — 
Cash and cash equivalents, beginning of period— — — 
Cash and cash equivalents, end of period$— $— $— 
See accompanying notes to condensed financial statements.
Schedule I —Condensed Financial Information of TransUnion
TRANSUNION
 Parent Company Only
Notes to Financial Statements
Basis of PresentationIn 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.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.Dividends to StockholdersOn February 13, 2018, we announced that our board of directors approved a dividend policy pursuant to which we intend to pay quarterly cash dividends on our common stock. Beginning in the second quarter of 2018 and each subsequent quarter, the board of directors declared quarterly dividends of $0.075 per share. During 2020, 2019 and 2018, we paid dividends of $57.6 million, $56.8 million and $41.6 million, respectively. Portions of the dividends declared are payable as dividend equivalents to employees who hold restricted stock units when those units vest.