2023 Q4 Form 10-Q Financial Statement

#000179920823000044 Filed on November 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $630.4M $588.5M
YoY Change 5.95% 5.79%
Cost Of Revenue $223.6M $206.5M
YoY Change 18.87% 18.0%
Gross Profit $406.8M $382.0M
YoY Change -0.02% 0.18%
Gross Profit Margin 64.53% 64.91%
Selling, General & Admin $190.5M $181.6M
YoY Change -3.15% -1.36%
% of Gross Profit 46.83% 47.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $149.7M $146.7M
YoY Change 2.75% 1.1%
% of Gross Profit 36.8% 38.4%
Operating Expenses $340.2M $181.6M
YoY Change -0.64% -1.36%
Operating Profit $66.60M $52.10M
YoY Change 3.26% 14.51%
Interest Expense -$51.90M $57.00M
YoY Change -3.71% 16.09%
% of Operating Profit -77.93% 109.4%
Other Income/Expense, Net -$4.100M -$58.60M
YoY Change -228.12% 47.24%
Pretax Income $7.800M -$6.500M
YoY Change 2.63% -214.04%
Income Tax $6.300M -$11.20M
% Of Pretax Income 80.77%
Net Earnings $1.700M $5.300M
YoY Change -92.54% -49.04%
Net Earnings / Revenue 0.27% 0.9%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.00 $0.01
COMMON SHARES
Basic Shares Outstanding 439.0M shares 439.2M shares
Diluted Shares Outstanding 432.2M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.1M $230.1M
YoY Change -9.74% 12.85%
Cash & Equivalents $188.1M $230.1M
Short-Term Investments
Other Short-Term Assets $210.2M $90.80M
YoY Change 136.18% 254.69%
Inventory
Prepaid Expenses
Receivables $258.0M $221.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $656.3M $685.6M
YoY Change -6.76% 2.85%
LONG-TERM ASSETS
Property, Plant & Equipment $102.1M $95.90M
YoY Change -31.93% 2.79%
Goodwill $3.446B $3.414B
YoY Change 0.42% 0.39%
Intangibles $3.916B $3.998B
YoY Change -9.36% -9.04%
Long-Term Investments $20.60M $19.30M
YoY Change -17.27% -26.34%
Other Assets $349.5M $141.6M
YoY Change 172.62% -1.94%
Total Long-Term Assets $8.480B $8.450B
YoY Change -3.29% -3.58%
TOTAL ASSETS
Total Short-Term Assets $656.3M $685.6M
Total Long-Term Assets $8.480B $8.450B
Total Assets $9.136B $9.135B
YoY Change -3.55% -3.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.7M $80.40M
YoY Change 38.76% -10.37%
Accrued Expenses $308.0M $245.1M
YoY Change -25.44% -7.72%
Deferred Revenue $590.0M $560.7M
YoY Change 4.78% 4.49%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $32.70M $32.70M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $1.042B $937.1M
YoY Change -5.46% 0.07%
LONG-TERM LIABILITIES
Long-Term Debt $3.513B $3.606B
YoY Change -1.12% 1.51%
Other Long-Term Liabilities $262.1M $115.1M
YoY Change 106.7% -7.62%
Total Long-Term Liabilities $3.775B $3.721B
YoY Change 2.6% 1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.042B $937.1M
Total Long-Term Liabilities $3.775B $3.721B
Total Liabilities $5.717B $5.712B
YoY Change -4.14% -2.24%
SHAREHOLDERS EQUITY
Retained Earnings -$811.1M -$812.8M
YoY Change 6.15% 3.29%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.419B $3.412B
YoY Change
Total Liabilities & Shareholders Equity $9.136B $9.135B
YoY Change -3.55% -3.12%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.700M $5.300M
YoY Change -92.54% -49.04%
Depreciation, Depletion And Amortization $149.7M $146.7M
YoY Change 2.75% 1.1%
Cash From Operating Activities $168.5M $69.10M
YoY Change 73.18% -69.06%
INVESTING ACTIVITIES
Capital Expenditures $69.50M $1.100M
YoY Change 7.42% -59.26%
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$3.700M
YoY Change -109.95% -56.47%
Cash From Investing Activities -$71.50M -$39.10M
YoY Change 60.31% -37.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -143.1M -51.30M
YoY Change 127.5% -66.58%
NET CHANGE
Cash From Operating Activities 168.5M 69.10M
Cash From Investing Activities -71.50M -39.10M
Cash From Financing Activities -143.1M -51.30M
Net Change In Cash -46.10M -21.30M
YoY Change 351.96% -391.78%
FREE CASH FLOW
Cash From Operating Activities $168.5M $69.10M
Capital Expenditures $69.50M $1.100M
Free Cash Flow $99.00M $68.00M
YoY Change 203.68% -69.17%

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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.
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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, 2022, included in our Annual Report on Form 10-K and filed with the Securities and Exchange Commission ("SEC") on February 23, 2023. 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 CE (Central and Eastern Europe) regions ("Europe"), Greater China, India and indirectly through our Worldwide Network alliances ("WWN alliances").</span></div><div style="margin-bottom:6pt;text-indent:22.5pt"><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. Where appropriate, we have reclassified certain prior year amounts to conform to the current year presentation.</span></div>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.
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CY2023Q3 dnb Share Based Payment Arrangement Expenses Including Foreign Expenses
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CY2023Q3 us-gaap Business Combination Acquisition Related Costs
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CY2023Q3 dnb Transition Costs
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CY2023Q3 dnb Asset Impairment Charges Including Non Cash Charges
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CY2023Q3 dnb Long Lived Assets Other
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Files In Submission

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