2022 Q3 Form 10-Q Financial Statement

#000179920822000036 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $556.3M $537.3M $536.0M
YoY Change 2.66% 3.15% 6.24%
Cost Of Revenue $175.0M $358.2M $176.7M
YoY Change 9.79% 114.11% 9.82%
Gross Profit $381.3M $179.1M $359.3M
YoY Change -0.31% -49.35% 4.57%
Gross Profit Margin 68.54% 33.33% 67.03%
Selling, General & Admin $184.1M $176.6M $188.2M
YoY Change 7.35% 7.49% 4.67%
% of Gross Profit 48.28% 98.6% 52.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $145.1M $147.0M $149.4M
YoY Change -7.4% -3.48% -0.2%
% of Gross Profit 38.05% 82.08% 41.58%
Operating Expenses $184.1M $176.6M $188.2M
YoY Change -62.61% -64.25% -62.07%
Operating Profit $45.50M $29.70M $16.40M
YoY Change -8.08% 10.41% 97.59%
Interest Expense $49.10M $41.90M $47.20M
YoY Change 1.66% -12.71% -3.48%
% of Operating Profit 107.91% 141.08% 287.8%
Other Income/Expense, Net -$39.80M -$30.40M -$56.20M
YoY Change 14.37% -14.12% 33.81%
Pretax Income $5.700M -$700.0K -$39.80M
YoY Change -61.22% -91.76% 18.1%
Income Tax -$4.200M -$100.0K -$9.300M
% Of Pretax Income -73.68%
Net Earnings $10.40M $0.00 -$29.80M
YoY Change -42.86% -100.0% 27.9%
Net Earnings / Revenue 1.87% 0.0% -5.56%
Basic Earnings Per Share $0.02 $0.00 -$0.07
Diluted Earnings Per Share $0.02 $0.00 -$0.07
COMMON SHARES
Basic Shares Outstanding 433.8M shares 429.1M shares 428.8M shares
Diluted Shares Outstanding 429.4M shares 429.1M shares 428.8M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $203.9M $209.6M $215.8M
YoY Change -13.01% 18.02% 24.45%
Cash & Equivalents $203.9M $209.6M $215.8M
Short-Term Investments
Other Short-Term Assets $25.60M $23.70M $14.00M
YoY Change 573.68% 664.52% 129.51%
Inventory
Prepaid Expenses
Receivables $200.4M $321.7M $339.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $666.6M $748.1M $732.3M
YoY Change 2.71% 19.85% 8.78%
LONG-TERM ASSETS
Property, Plant & Equipment $93.30M $94.80M $95.60M
YoY Change -4.7% -2.47% 242.65%
Goodwill $3.401B $3.437B $3.475B
YoY Change 2.47% 3.18% 4.74%
Intangibles $4.396B $4.542B $4.690B
YoY Change -10.47% -10.02% -9.07%
Long-Term Investments $26.20M $26.50M $27.60M
YoY Change -5.42% -2.93% 4.55%
Other Assets $144.4M $158.3M $166.9M
YoY Change 9.31% 18.4% 21.21%
Total Long-Term Assets $8.763B $8.949B $9.125B
YoY Change -3.68% -3.11% -1.37%
TOTAL ASSETS
Total Short-Term Assets $666.6M $748.1M $732.3M
Total Long-Term Assets $8.763B $8.949B $9.125B
Total Assets $9.430B $9.697B $9.857B
YoY Change -3.26% -1.66% -0.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.70M $81.30M $74.90M
YoY Change 37.79% 6.0% -1.45%
Accrued Expenses $265.6M $245.4M $226.8M
YoY Change 5.31% -5.03% -3.57%
Deferred Revenue $536.6M $582.7M $632.8M
YoY Change -3.42% -1.62% -0.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $32.70M $32.70M $32.70M
YoY Change 16.37% 16.37% 16.37%
Total Short-Term Liabilities $936.4M $948.0M $973.4M
YoY Change 1.83% -2.56% -2.3%
LONG-TERM LIABILITIES
Long-Term Debt $3.552B $3.680B $3.689B
YoY Change 0.24% 3.78% 3.97%
Other Long-Term Liabilities $124.6M $132.4M $139.1M
YoY Change -3.49% -3.15% -5.37%
Total Long-Term Liabilities $3.677B $3.812B $3.828B
YoY Change 0.11% 3.52% 3.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $936.4M $948.0M $973.4M
Total Long-Term Liabilities $3.677B $3.812B $3.828B
Total Liabilities $5.842B $6.051B $6.148B
YoY Change -4.26% -2.59% -1.58%
SHAREHOLDERS EQUITY
Retained Earnings -$786.9M -$794.9M -$793.1M
YoY Change 4.36% 3.15% 10.32%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $300.0K $300.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares 886.9K shares 873.2K shares 873.2K shares
Shareholders Equity $3.525B $3.582B $3.644B
YoY Change
Total Liabilities & Shareholders Equity $9.430B $9.697B $9.857B
YoY Change -3.26% -1.66% -0.68%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $10.40M $0.00 -$29.80M
YoY Change -42.86% -100.0% 27.9%
Depreciation, Depletion And Amortization $145.1M $147.0M $149.4M
YoY Change -7.4% -3.48% -0.2%
Cash From Operating Activities $223.3M $77.70M $138.8M
YoY Change 105.43% -37.49% -17.48%
INVESTING ACTIVITIES
Capital Expenditures $2.700M $3.400M $4.100M
YoY Change -35.71% -95.72% 241.67%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$8.500M -$2.500M $0.00
YoY Change 372.22% -96.63% -100.0%
Cash From Investing Activities -$62.50M -$54.00M -$49.40M
YoY Change 49.88% -51.4% -92.26%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $420.0M
YoY Change
Cash From Financing Activities -153.5M -13.70M -$51.00M
YoY Change 2002.74% 57.47% -117.58%
NET CHANGE
Cash From Operating Activities 223.3M 77.70M $138.8M
Cash From Investing Activities -62.50M -54.00M -$49.40M
Cash From Financing Activities -153.5M -13.70M -$51.00M
Net Change In Cash 7.300M 10.00M $38.70M
YoY Change -87.77% 122.22% -121.63%
FREE CASH FLOW
Cash From Operating Activities $223.3M $77.70M $138.8M
Capital Expenditures $2.700M $3.400M $4.100M
Free Cash Flow $220.6M $74.30M $134.7M
YoY Change 111.1% 65.48% -19.34%

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Basis of Presentation<div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying interim unaudited condensed consolidated financial statements of Dun &amp; Bradstreet Holdings, Inc. and its subsidiaries ("we" or "us" or "our" or the "Company") were prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). They should be read in conjunction with the consolidated financial statements and related notes, which appear in the consolidated financial statements for the year ended December 31, 2021, included in our Annual Report on Form 10-K and filed with the Securities and Exchange Commission ("SEC") on February 24, 2022. The unaudited condensed consolidated financial statements for interim periods do not include all disclosures required by GAAP for annual financial statements and are not necessarily indicative of results for the full year or any subsequent period. In the opinion of our management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of the unaudited consolidated financial position, results of operations and cash flows at the dates and for the periods presented have been included.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We manage our business and report our financial results through the following two segments:</span></div><div style="margin-bottom:10pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">North America offers Finance &amp; Risk and Sales &amp; Marketing data, analytics and business insights in the United States and Canada; and</span></div><div style="margin-bottom:6pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">International offers Finance &amp; Risk and Sales &amp; Marketing data, analytics and business insights directly in the United Kingdom and Ireland ("U.K."), Nordics (Sweden, Norway, Denmark and Finland), DACH (Germany, Austria and Switzerland) and CEE (Central and Eastern Europe) countries ("Europe"), Greater China, India and indirectly through our Worldwide Network alliances ("WWN alliances").</span></div><div style="margin-bottom:6pt;padding-left:18pt;text-indent:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All intercompany transactions and balances have been eliminated in consolidation.</span></div><div style="margin-bottom:10pt;margin-top:4pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our unaudited condensed consolidated financial statements presented herein reflect the latest estimates and assumptions made by management that affect the reported amounts of assets and liabilities and related disclosures as of the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. Since early 2020, the novel coronavirus ("COVID-19") and its variants have caused disruptions and continue to cause disruption in the economy and volatility in the global markets. While we continue to expect the impact of COVID-19 to global businesses to moderate, there still remains uncertainty regarding its duration and the speed and nature of recovery. In addition, the ongoing conflict between Russia and Ukraine, which started in February 2022, has further exacerbated uncertainty in the global economy resulting from disruptions in supply chains and government sanctions. The extent of the impact of the COVID-19 global pandemic and the current Russia/Ukraine conflict on our operations and financial performance will depend on, among many factors, the duration of the pandemic, the continuation of the Russia/Ukraine conflict, the government mandates or guidance regarding COVID-19 restrictions and their effects on global market conditions and on our clients and vendors, which continue to be uncertain at this time and cannot be predicted. The ongoing uncertainty may affect management's estimates and assumptions of variable consideration in contracts with clients as well as other estimates and assumptions, in particular those that require a projection of our financial results, our cash flows or broader economic conditions.</span></div>
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Our unaudited condensed consolidated financial statements presented herein reflect the latest estimates and assumptions made by management that affect the reported amounts of assets and liabilities and related disclosures as of the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. Since early 2020, the novel coronavirus ("COVID-19") and its variants have caused disruptions and continue to cause disruption in the economy and volatility in the global markets. While we continue to expect the impact of COVID-19 to global businesses to moderate, there still remains uncertainty regarding its duration and the speed and nature of recovery. In addition, the ongoing conflict between Russia and Ukraine, which started in February 2022, has further exacerbated uncertainty in the global economy resulting from disruptions in supply chains and government sanctions. The extent of the impact of the COVID-19 global pandemic and the current Russia/Ukraine conflict on our operations and financial performance will depend on, among many factors, the duration of the pandemic, the continuation of the Russia/Ukraine conflict, the government mandates or guidance regarding COVID-19 restrictions and their effects on global market conditions and on our clients and vendors, which continue to be uncertain at this time and cannot be predicted. The ongoing uncertainty may affect management's estimates and assumptions of variable consideration in contracts with clients as well as other estimates and assumptions, in particular those that require a projection of our financial results, our cash flows or broader economic conditions.
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Depreciation And Amortization
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
48100000 usd
CY2021Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
34100000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
91700000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
76500000 usd
CY2022Q2 us-gaap Assets
Assets
9696600000 usd
CY2021Q4 us-gaap Assets
Assets
9997200000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
3437100000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
3493300000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4541700000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4824500000 usd
CY2022Q2 dnb Long Lived Assets Other
LongLivedAssetsOther
955000000.0 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
8933800000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
9260700000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
537300000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
520900000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1073300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1025400000 usd

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0001799208-22-000036.txt Edgar Link pending
0001799208-22-000036-xbrl.zip Edgar Link pending
dnb-20220630.htm Edgar Link pending
dnb-20220630.xsd Edgar Link pending
dnb-20220630_cal.xml Edgar Link unprocessable
dnb-20220630_def.xml Edgar Link unprocessable
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