TransUnion Financials

$498 M

Revenue Q3, 2017

$10.4 B

Mkt cap, 13-Dec-2017
Gross profit (Q3, 2017)328.7 M
Gross profit margin (Q3, 2017), %66%
Net income (Q3, 2017)71.9 M
EBIT (Q3, 2017)126.6 M
Cash, 30-Sep-2017253.3 M
EV12.5 B

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.2 b1.5 b1.7 b

Revenue growth, %

13%

Cost of goods sold

579.1 m

Gross profit

1.1 b

Gross profit Margin, %

66%

General and administrative expense

560.1 m

Operating expense total

560.1 m

EBIT

197.1 m300.5 m

EBIT margin, %

13%18%

Interest expense

197.6 m190 m134.2 m85.5 m

Interest income

4.6 m

Pre tax profit

205.4 m

Income tax expense

2.3 m2.6 m11.3 m(74 m)

Net Income

(3.9 m)15.3 m131.4 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

378.5 m389.1 m405.7 m425.7 m437.6 m455 m474.8 m498 m

Cost of goods sold

131.5 m135.1 m149.1 m143.8 m141.5 m151.2 m151.9 m169.3 m

Gross profit

247 m254 m256.6 m281.9 m296.1 m303.8 m322.9 m328.7 m

Gross profit Margin, %

65%65%63%66%68%67%68%66%

General and administrative expense

127 m122.2 m132.2 m144.4 m137.1 m144.7 m149.2 m142.2 m

Operating expense total

327.1 m328.8 m353.8 m362.2 m341.8 m353.9 m359.3 m371.4 m

EBIT

51.4 m60.3 m51.9 m63.5 m95.8 m101.1 m115.5 m126.6 m

EBIT margin, %

14%15%13%15%22%22%24%25%

Interest expense

44.9 m24.8 m20.4 m21.3 m21.4 m21.5 m22.6 m21.7 m

Interest income

1.2 m900 k800 k1.1 m1.2 m1.3 m1.4 m1.5 m

Pre tax profit

4.7 m1.1 m26.6 m36 m75.7 m76 m92.1 m104.2 m

Income tax expense

(5.1 m)(2.1 m)(12 m)(16.3 m)(31.2 m)(11.5 m)(24.8 m)(32.3 m)

Net Income

(1.4 m)(13.5 m)19.9 m(100 k)(4.4 m)(400 k)(1 m)14.6 m19.7 m44.5 m64.5 m67.3 m71.9 m

Balance Sheet

Annual

USDY, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

154.3 m111.2 m77.9 m133.2 m182.2 m

Current Assets

357.2 m550 m

Goodwill

1.9 b2.2 b

Total Assets

4.5 b4.8 b

Accounts Payable

100.2 m114.2 m

Short-term debt

13.8 m

Current Liabilities

281.7 m373.3 m

Long-term debt

1.9 b2.3 b

Total Debt

1.9 b2.3 b

Total Liabilities

3.3 b

Additional Paid-in Capital

1.7 b1.8 b

Retained Earnings

(35.9 m)(303.8 m)

Total Equity

1.5 b

Debt to Equity Ratio

1.6 x

Debt to Assets Ratio

0.4 x0.5 x

Financial Leverage

3.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

117.5 m59.4 m93.2 m103.1 m87 m758 m128.7 m150.3 m141.3 m137.9 m131.2 m142 m253.3 m

Current Assets

365.1 m303.5 m357.9 m365.5 m428.3 m1.1 b453.7 m493.8 m498.1 m492.7 m550.3 m689 m

Goodwill

1.9 b1.9 b2 b2 b

Total Assets

4.4 b4.5 b4.6 b4.6 b4.6 b5.3 b4.5 b4.7 b4.7 b4.8 b4.8 b4.8 b4.9 b

Accounts Payable

82.3 m94.2 m107 m92.7 m102.8 m108.3 m94.6 m111 m112.2 m109 m115.4 m120.5 m128.5 m

Current Liabilities

289.1 m255.9 m257.4 m248.5 m331 m1.3 b272.5 m281.4 m326.3 m344.5 m381.5 m394.2 m375.3 m

Long-term debt

2.7 b2.8 b2.9 b2.9 b2.9 b1.9 b2.2 b2.3 b2.4 b2.3 b2.3 b2.3 b2.4 b

Total Debt

2.7 b2.8 b2.9 b2.9 b2.9 b1.9 b2.2 b2.3 b2.4 b2.3 b2.3 b2.3 b2.4 b

Total Liabilities

3.6 b3.7 b3.8 b3.8 b3.9 b3.8 b3.1 b3.3 b3.3 b3.3 b3.3 b3.3 b3.3 b

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.1 b1.1 b1.9 b1.9 b1.8 b1.8 b1.8 b1.8 b1.8 b1.8 b

Retained Earnings

(400.1 m)(432.4 m)(414.5 m)(417.1 m)(436.8 m)(439.4 m)(443.5 m)(411.7 m)(394.4 m)(353.3 m)(241.5 m)(176.5 m)(107.8 m)

Total Equity

1.4 b1.4 b1.4 b1.4 b1.4 b1.5 b1.5 b1.6 b

Financial Leverage

3.7 x3.3 x3.4 x3.4 x3.3 x3.2 x3.2 x3.1 x

Cash Flow

Annual

USDFY, 2013FY, 2015FY, 2016

Net Income

(3.9 m)131.4 m

Depreciation and Amortization

115 m265.2 m

Accounts Receivable

(1 m)(42.5 m)

Accounts Payable

(800 k)2.9 m

Cash From Operating Activities

47 m55.3 m389.9 m

Capital Expenditures

(48.8 m)(124 m)

Long-term Borrowings

(49.3 m)

Interest Paid

140.4 m87.9 m

Income Taxes Paid

14.9 m93.6 m

Free Cash Flow

95.8 m265.9 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

2.7 m(13.5 m)6.4 m6.3 m(4.4 m)(4.8 m)(5.8 m)14.6 m34.3 m78.8 m64.5 m131.8 m203.6 m

Depreciation and Amortization

72.1 m51.5 m106.8 m174.1 m69.1 m137.7 m209.2 m72.5 m146.5 m209.6 m58 m116.3 m176.2 m

Accounts Receivable

(14.2 m)(18.4 m)(24.4 m)(30.4 m)(14.5 m)(32.7 m)(38.3 m)(30.8 m)(22.9 m)(34.2 m)(10.7 m)(11.4 m)(40.1 m)

Accounts Payable

(3.8 m)800 k12 m2.9 m500 k6.4 m(4.5 m)2.8 m2.2 m(1.5 m)(900 k)3.5 m10.2 m

Cash From Operating Activities

45.6 m110.1 m116.5 m206.2 m41.7 m149.5 m276.1 m67.3 m174.2 m348.9 m

Capital Expenditures

(26.2 m)(38.8 m)(74.3 m)(117.7 m)(30.1 m)(68.3 m)(96.3 m)(30.9 m)(54.9 m)(85.5 m)(26 m)(58 m)(91 m)

Long-term Borrowings

(4.8 m)(3.8 m)(10.4 m)(16.7 m)(6.6 m)(14.4 m)(1 b)(12 m)(23.8 m)(38 m)(14.3 m)(24.9 m)(25 m)

Cash From Financing Activities

29.1 m642.1 m(32.9 m)135.9 m181 m

Free Cash Flow

(28.7 m)(7.6 m)48.2 m109.9 m10.8 m94.6 m190.6 m41.3 m116.2 m257.9 m

Ratios

USDY, 2017

EV/EBIT

98.6 x

EV/CFO

35.8 x

EV/FCF

48.4 x

Revenue/Employee

106 k

Financial Leverage

3.1 x

Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

303030

Consumers in Database

200 m200 m270 m