XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows provided by (used in) operating activities:    
Net income (loss) $ (29.8) $ (74.1)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 296.4 302.0
Amortization of unrecognized pension loss (gain) (0.2) 0.9
Debt early redemption premium expense 16.3 0.0
Amortization and write off of deferred debt issuance costs 15.3 9.4
Equity-based compensation expense 26.0 14.7
Restructuring charge 7.7 15.9
Restructuring payments (7.3) (8.2)
Changes in deferred income taxes (60.3) (22.5)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable [1] 68.1 55.8
(Increase) decrease in prepaid taxes, other prepaids and other current assets [1] (29.6) 67.0
Increase (decrease) in deferred revenue [1] 29.8 36.0
Increase (decrease) in accounts payable [1] (3.5) (1.7)
Increase (decrease) in accrued payroll [1] (50.5) (31.0)
Increase (decrease) in other accrued and current liabilities [1] (22.1) (25.9)
(Increase) decrease in other long-term assets [1] (4.6) (5.0)
Increase (decrease) in long-term liabilities [1] (35.5) (44.5)
Net, other non-cash adjustments [1] 0.3 3.7
Net cash provided by (used in) operating activities [1] 216.5 292.5
Cash flows provided by (used in) investing activities:    
Acquisitions of businesses, net of cash acquired (0.5) (617.0)
Cash settlements of foreign currency contracts and net investment hedge (6.2) 24.5
Payments for real estate purchase 0.0 (76.6)
Capital expenditures (7.5) (4.1)
Additions to computer software and other intangibles (91.7) (76.5)
Other investing activities, net 2.5 0.7
Net cash provided by (used in) investing activities (103.4) (749.0)
Cash flows provided by (used in) financing activities:    
Payment for debt early redemption premiums (16.3) 0.0
Payment of long term debt (420.0) 0.0
Proceeds from borrowings on Term Loan Facility 460.0 300.0
Payment of debt issuance costs (7.4) (2.6)
Other financing activities, net (0.8) (1.9)
Net cash provided by (used in) financing activities (64.7) 281.4
Effect of exchange rate changes on cash and cash equivalents (10.0) 0.4
Increase (decrease) in cash, cash equivalents and restricted cash 38.4 (174.7)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 177.1 352.3
Cash, Cash Equivalents and Restricted Cash, End of Period 215.5 177.6
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Cash and cash equivalents 209.6 177.6
Restricted cash included within other current assets [2] 5.9 0.0
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows 215.5 177.6
Cash Paid for:    
Income taxes payment (refund), net 84.3 (9.2)
Interest 83.4 87.5
Noncash Investing and Financing activities:    
Fair value of acquired assets, including measurement period adjustments 0.5 1,182.2
Cash paid for acquired businesses (0.5) (646.9)
Assumed liabilities from acquired businesses including non-controlling interest and measurement period adjustments 0.0 376.4
Noncash additions to computer software 14.0 0.0
Eyeota/NetWise And Bisnode    
Noncash Investing and Financing activities:    
6,237,087 shares of common stock issued for the acquisition 0.0 (158.9)
Credit Facility    
Cash flows provided by (used in) financing activities:    
Proceeds from borrowings on Credit Facility 116.8 55.5
Payments of borrowings on lines of credit (181.8) (55.5)
Term Loan Facility    
Cash flows provided by (used in) financing activities:    
Payments of borrowings on lines of credit $ (15.2) $ (14.1)
[1] Net of the effect of acquisitions, see further details in Note 14.(2)Restricted cash represents funds set aside associated with the Federal Trade Commission Consent Order to provide refunds to certain former and current customers.
[2] Restricted cash represents funds set aside associated with the Federal Trade Commission Consent Order to provide refunds to certain former and current customers.