As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. Generally, this fair value calculation results in a reduction to the purchased deferred revenue balance. Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. Factors that could cause actual results to differ materially from those described in the forward-looking statements include: the effects of the COVID-19 pandemic; the timing of the recovery from the COVID-19 pandemic; the duration of the COVID-19 pandemic and the timing of the recovery from the COVID-19 pandemic; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets; our ability to provide competitive services and prices; our ability to retain or renew existing agreements with large or long-term customers; our ability to maintain the security and integrity of our data; our ability to deliver services timely without interruption; our ability to maintain our access to data sources; government regulation and changes in the regulatory environment; litigation or regulatory proceedings; regulatory oversight of critical activities; our ability to effectively manage our costs; economic and political stability in the United States and international markets where we operate; our ability to effectively develop and maintain strategic alliances and joint ventures; our ability to timely develop new services and the markets willingness to adopt our new services; our ability to manage and expand our operations and keep up with rapidly changing technologies; our ability to make acquisitions, successfully integrate the operations of acquired businesses and realize the intended benefits of such acquisitions; our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property; our ability to defend our intellectual property from infringement claims by third parties; the ability of our outside service providers and key vendors to fulfill their obligations to us; further consolidation in our end-customer markets; the increased availability of free or inexpensive consumer information; losses against which we do not insure; our ability to make timely payments of principal and interest on our indebtedness; our ability to satisfy covenants in the agreements governing our indebtedness; our ability to maintain our liquidity; share repurchase plans; our reliance on key management personnel; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2020, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnions website (www.transunion.com/tru) and on the Securities and Exchange Commissions website (www.sec.gov). ET TRU earnings call for the period ending June 30, These adjustments include the same adjustments we make to our Adjusted Revenue, Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release. These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. The Adjusted EBITDA growth rates include approximately 1 percent of benefit from foreign exchange rates. Diluted earnings per share is expected to be between $1.67 and $1.73, a decrease of 4 to 8 percent. In addition, our board of directors and executive management team use Adjusted Revenue as a compensation measure under our incentive compensation plans. It also provides consumer reports, risk scores, analytical services Access over 100 billion public and proprietary data points in a free trial. Deutsche Bank acted as lead M&A advisor to TransUnion. The layoffs will impact dozens of departments and several hundred roles. Cash used in financing activities was $110 million compared with $373 million in 2019. Adjusted Diluted Earnings per Share for the quarter was$0.81, compared with$0.76for the third quarter of 2019. Canada revenue was $28 million, an increase of 2 percent (3 percent on a constant currency basis) compared with the third quarter of 2019. Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. Constant Currency (CC) growth rates assume foreign currency exchange rates are consistent between years. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. We seek to add meaningful value to our investments. Total revenue for the quarter was $699 million, an increase of 2 percent (2 percent on a constant currency basis, 1 percent on an organic constant currency basis) compared with the fourth quarter of 2019. Capital expenditures were $214 million compared with $198 million in 2019. Adjusted EBITDA was $65 million, a decrease of 6 percent (4 percent on a constant currency basis) compared with the fourth quarter of 2019. Delivered another quarter of revenue growth with an attractive margin, and benefited from marketplace success as well as continued economic recovery in most markets. The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. Eliminates impact of state and foreign tax rate changes on deferred taxes, valuation allowances on foreign net operating losses, capital losses and foreign tax credits and other discrete adjustments. Customer Support | TransUnion Get Credit Monitoring CONTACT TRANSUNION CUSTOMER SUPPORT SO YOU CAN: Contact Us Find out how to contact TransUnion online, by phone and by mail. We call this Information for Good. Jackson National Life Insurance Lays Off 150 Workers. Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. Adjustments to reconcile net income to net cash provided by operating activities: Net loss/(gain) on investments in affiliated companies and assets of businesses held for sale, Provision for losses on trade accounts receivable, Cash used in operating activities of discontinued operations, Proceeds from sale/maturity of other investments, Acquisitions and purchases of noncontrolling interests, net of cash acquired, Proceeds from disposals of assets held for sale, net of cash on hand, Cash used in investing activities of discontinued operations, Proceeds from refinance of Senior Secured Term Loans, Payments from refinanceof Senior Secured Term Loans, Proceeds from issuance of common stock and exercise of stock options, Distributions to noncontrolling interests, Employee taxes paid on restricted stock units recorded as treasury stock, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents, beginning of period, For the Three Months Ended December 31, 2020 compared with the Three Months Ended December 31, 2019, For the Twelve Months Ended December 31, 2020 compared with the Twelve Months Ended December 31, 2019. See More Ecosystem Guides. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Adjusted Diluted Earnings per Share is expected to be between $0.78 and $0.81, an increase of 6 to 10 percent. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. We look forward to beginning a smooth integration of the two businesses, said Chris Cartwright, President and CEO, TransUnion. Before the pandemic, this group Headquartered in Singapore, we have a global talent force of over 1,800 people in 10 key financial cities and have investments in over 40 countries. Africa revenue was $13 million, a decrease of 19 percent (13 percent on a constant currency basis) compared with the fourth quarter of 2019. We remain acutely focused on the welfare of our associates and communities while also providing outstanding service and solutions for our customers around the world., We continue to invest in Global Operations, Global Solutions and Project Rise to drive further growth and efficiencies in our business. Learn how your company can benefit from the power of trusted connections here: https://www.home.neustar. In addition to new filings, the year saw several key decisions handed down by federal courts, shedd Eliminates impact of state tax rate changes on deferred taxes, valuation allowances on foreign net operating losses and valuation allowances on capital losses and other discrete adjustments. Tax rates used to calculate the tax expense impact are based on the nature of each item. Adjusted Net Income was $153 million for the quarter, compared with$144 million for the fourth quarter of 2019. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. These adjustments include the same adjustments we make to our Adjusted Revenue, Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release. The table above provides a reconciliation for revenue to Adjusted Revenue. TransUnion Consumer Solutions P.O. Box 2000 Chester, PA 19016-2000 Please note: We accept either standard or certified mail. The Adjusted Revenue growth includes an immaterial impact from acquisitions. Adjusted EBITDA was $269 million for the quarter, a decrease of 2 percent (2 percent on a constant currency basis, 1 percent on an organic constant currency basis) compared with the fourth quarter of 2019. The increase in cash provided by continuing operations was due primarily to a decrease in interest expense and a decrease in working capital, partially offset by a decrease in operating performance as a result of COVID-19. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. TransUnions Largest Acquisition to Date Will Accelerate Growth of Identity-Based Solutions TransUnion (NYSE: TRU) and Neustar Inc. (Neustar), today announced that TransUnion has completed its $3.1 billion acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. Segment Adjusted EBITDA margins are calculated using segment gross Adjusted Revenue and segment Adjusted EBITDA. Consumer Interactive revenue was $132 million, an increase of 3 percent compared with the third quarter of 2019. As a result, businesses and consumers can transact with confidence and achieve great things. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are presented in the attached Schedules. This guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company. transunion layoffs 2020 https://web.sheikhkasem.com/9j1ozuqm/transunion-layoffs-2020 Net income attributable to TransUnion is expected to be between $321 million Our long-term approach, multi-asset capabilities, and global connectivity enable us to be an investor of choice. Adjusted Outlook: For 2021, Adjusted EBITDA is expected to be between $1.083 billion and $1.121 billion, an increase of 4 to 7 percent compared with 2020. Factors that could cause actual results to differ materially from those described in the forward-looking statements include: failure to realize the synergies and other benefits expected from the acquisition of Neustar; the possibility that the acquisition, including the integration of Neustar, may be more costly to complete than anticipated; business disruption following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the acquisition; the effects of pending and future legislation and regulatory actions and reforms; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets and other macroeconomic factors beyond TransUnions control; risks related to TransUnions indebtedness, including our ability to make timely payments of principal and interest and our ability to satisfy covenants in the agreements governing our indebtedness; the effects of the ongoing COVID-19 pandemic on TransUnion and Neustar; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2020, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnions website (www.transunion.com/tru) and on the Securities and Exchange Commissions website (www.sec.gov). We are reinstating our guidance, and based on the fourth quarter 2020 guidance, we expect to deliver modest revenue growth for the full year 2020. These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. The above definitions apply to our calculations for the periods shown on Schedules 1 through 6. A company that has been tracking tech company layoffs since 2020 says more than 1,600 workers in the industry have been laid off a day in 2023, on average. Neustar offers industry-leading solutions in marketing, risk, communications, and security that responsibly connect data on people, devices, and locations, continuously corroborated through billions of transactions. Total adjustments before income tax items from schedule 3, Noncontrolling interest portion of Adjusted Net Income adjustments, Eliminate impact of excess tax benefits for share compensation. TransUnion is a global information and insights company that makes trust possible in the modern economy. United Kingdom revenue was $44 million, a decrease of 7 percent (11 percent on a constant currency basis). As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. These statements are based on the current beliefs and expectations of TransUnions management and are subject to significant risks and uncertainties. Availability of Information on TransUnions Website. TransUnion engages in the provision of information and risk management solutions. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. We define Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding. As a result, businesses and consumers can transact with confidence and achieve great things. Capital expenditures were $132 million in both periods. Marketing Offers Opt-Out Learn how to remove your name from prescreen mailing lists obtained from the major credit card reporting companies. Managing your information is fast, easy, free and secure through the TransUnion Service Center. Net income (loss) attributable to TransUnion, Interest, taxes and depreciation and amortization, Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments, Adjustments to diluted earnings per share. Actual results may differ materially from those described in the forward-looking statements. transunion layoffs 2020. transunion layoffs 2020richard perez comedian. Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours. A replay of the call will also be available at this website following the conclusion of the call. In addition, the revenue growth rates include a 2 percent headwind due to the projected decline in mortgage revenue. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: As a result of displaying amounts in millions, rounding differences may exist in the table above. Jackson National Life Insurance has announced a layoff of 150 workers. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Disputes Disputes are an important tool to take control of your credit health. For the twelve months ended December 31, 2020, cash provided by continuing operations was $787 million compared with $784 million in 2019. Neustar is an information services and technology company and a leader in identity resolution providing the data and technology that enable trusted connections between companies and people at the moments that matter most. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release. The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. Adjusted EBITDA for the year was $1.045 billion, a decrease of 1 percent compared with 2019 (1 percent on a constant currency basis, flat on an organic constant currency basis). We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. Cover the complete customer acquisition cycle. Evercore served as lead financial advisor to Golden Gate Capital and GIC. Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Determine which accounts you're most likely to collect from and apply strategies to collect more efficiently, Fight fraud more efficiently at the onset with TransUnion Fraud Detections and Prevention solutions, With TransUnion's ID Verification solutions, you'll know with whom you're engaging - before fraud occurs, TransUnion is your resource for guidance on growing your business through customer engagement, Gain agility in your decision-making process through our powerful analytics, Equip your organization with a plan to respond to a data breach or fraud event quickly and effectively, Improve the patient financial experience, streamline workflows and increase point-of-service collections, Capture hard-to-reach revenue to maximize reimbursements and improve your bottom line, Replace traditional credit applications and deliver an intuitive, consumer-friendly digital workflow, Best-in-class tools for driving profits throughout the entire resident journey, Get direct access to credit and non-credit data to create the right product suite for customers, Provide valuable credit education to your customersand gain a competitive edge, Gain a more complete view of consumers and their credit histories through greatly expanded information, Turn insights into smarter, more targeted and more actionable decisions, IDVision is a robust suite of solutions that enables you to make faster, more accurate decisions, Identify hard-to-find health insurance coverage to maximize reimbursements, Increase point-of-service collections and improve staff productivity with accurate patient payment estimates, A transformational analytics environment that puts the power of our deep data at your fingertips, Avoid skips, evictions and other bad resident outcomes within the multi-family market, Identify potential rate evasion before it impacts your book, Get a 360 view of people and businesses with one streamlined investigative risk-management tool, Access strategic auto finance solutions to find likely buyers, make loans more competitive and lower your risk, Foster greater investor confidence by analyzing and optimizing loan portfolios, Access tools and strategies to locate the right individuals and businesses for more efficient collections, Target and engage new prospects, generate valuable, new insights, and enhance the customer experience, Expand your credit unions lending and risk capabilities with a trusted partner, Powerful tools to optimize efficiency, minimize risk and gain deeper consumer insights for better decisioning, Be at the forefront of lending innovation by turning data into action. Senior Director of Public Relations, U.S. & International, TransUnion and Neustar Announce Transaction Close, Audience Segmentation for Digital Marketing, Neustars security business, Neustar Security Services, is excluded from the transaction, and now operates as a standalone portfolio company of, Do not sell my personal information - CA residents only, TransUnion Announces Earnings Release Date for Fourth Quarter 2022 Results, TransUnion Insurance Trends and 2023 Outlook Report Points to More Online Life Insurance Shopping, TransUnion Completes Sale of G2, LCI and Fintellix to Stellex Capital Management for $176 million, TransUnion Named a Leader in Identity Verification Solutions by Independent Research Firm, More Pronounced Changes Expected in Consumer Credit Market in 2023 Even as More Than Half of Americans Remain Optimistic About Their Financial Future, Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later. Adjusted Net Income was $577 million, compared with $536 million in 2019. Net income attributable to TransUnion was $102 million for the quarter, compared with $83 million for the fourth quarter of 2019. Emerging Verticals revenue, which includes Healthcare, Insurance and all other verticals, was $189 million, a decrease of 3 percent (4 percent on an organic basis) compared with the third quarter of 2019. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. Cash and cash equivalents were $554 million at September30, 2020 and $274 million at December31, 2019. Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. Adjusted EBITDA was $162 million, a decrease of 2 percent (1 percent on an organic basis) compared with the fourth quarter of 2019. International revenue was $160 million, a decrease of 4 percent (2 percent on a constant currency basis) compared with the fourth quarter of 2019. Cash used in investing activities was $154 million compared with $155 million in 2019. The extent to which COVID-19 impacts our business and results of operations is inherently uncertain and will depend on numerous evolving factors that we may not be able to accurately predict. In addition, we had $300 million of undrawn capacity on our Senior Secured Revolving Credit Facility. This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. Beginning in the third quarter of 2019, we no longer have these adjustments to revenue. Net income attributable to TransUnion was $343 million for the year, compared with $347 million for 2019. Business combination accounting rules require us to record deferred revenue of acquired entities at fair value if we are obligated to perform any future services under these contracts. The revenue growth includes an immaterial impact from acquisitions. Diluted earnings per share was $0.53, compared with $0.48 for the third quarter of 2019. Beginning in the third quarter of 2019, we no longer have these adjustments to revenue. Generally, this fair value calculation results in a reduction to the purchased deferred revenue balance. Neustar, a premier identity resolution company with leading solutions in Marketing, Fraud and Communications, enables customers to build connected consumer experiences by combining decision analytics with real-time identity resolution services driven by its OneID platform. Healthcare) Nov 18 TransUnion Presentation at J.P. Morgan Ultimate Services Investor Conference Chris Cartwright, CEO; The fair value of this deferred revenue is determined based on the direct and indirect incremental costs of fulfilling our performance obligations under these contracts, plus a normal profit margin. This earnings release also presents Adjusted Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Effective Tax Rate, Adjusted Net Income (Loss) and Adjusted Diluted Earnings per Share for all periods presented. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. TransUnion delivered a good quarter, achieving our Upside Case Outlook Scenario, including modest revenue growth at an attractive Adjusted EBITDA margin, said Chris Cartwright, President and CEO. What are the pros and cons of working at CHICAGO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.075 per share for the fourth quarter 2020. Consolidated Adjusted EBITDA margin is calculated using consolidated Adjusted Revenue and consolidated Adjusted EBITDA. Adjusted Net Income and Adjusted Earnings Per Share (Unaudited). In order to complete your dispute, provide as much of the following information as possible: Your name*. Consisted of amortization of intangible assets from our 2012 change in control transaction and amortization of intangible assets established in business acquisitions after our 2012 change in control transaction. The decrease in cash used in investing activities was due primarily to a decrease in proceeds from the disposal of discontinued operations, partially offset by a decrease in cash used for acquisitions and purchases of noncontrolling interests. 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