2015 Q4 Form 10-K Financial Statement

#000155203317000014 Filed on February 15, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $386.1M $389.1M $378.5M
YoY Change 15.05% 15.05% 15.57%
Cost Of Revenue $139.4M $135.1M $131.5M
YoY Change 16.07% 8.08% -1.05%
Gross Profit $246.7M $254.0M $247.0M
YoY Change 14.48% 19.14% 26.93%
Gross Profit Margin 63.9% 65.28% 65.26%
Selling, General & Admin $128.6M $122.2M $127.0M
YoY Change 0.55% 16.27% 18.8%
% of Gross Profit 52.13% 48.11% 51.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.20M $71.50M $68.60M
YoY Change 3.13% 6.24% 24.05%
% of Gross Profit 28.05% 28.15% 27.77%
Operating Expenses $197.8M $328.8M $327.1M
YoY Change 1.44% 10.56% 10.84%
Operating Profit $48.90M $60.30M $51.40M
YoY Change 139.71% 47.79% 58.64%
Interest Expense -$16.40M $24.80M $44.90M
YoY Change -59.8% -44.52% -10.2%
% of Operating Profit -33.54% 41.13% 87.35%
Other Income/Expense, Net -$800.0K -$59.20M -$46.70M
YoY Change -42.86% 45.45% -2694.44%
Pretax Income $28.10M $1.100M $4.700M
YoY Change -224.89% 1000.0% -86.26%
Income Tax $7.000M $2.100M $5.100M
% Of Pretax Income 24.91% 190.91% 108.51%
Net Earnings $19.20M -$4.000M -$2.600M
YoY Change -246.56% 53.85% -114.53%
Net Earnings / Revenue 4.97% -1.03% -0.69%
Basic Earnings Per Share $0.11 -$0.02 -$0.02
Diluted Earnings Per Share $0.10 -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 182.3M shares 182.1M shares 148.5M shares
Diluted Shares Outstanding 182.1M shares 148.5M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.6M $128.7M $758.0M
YoY Change
Cash & Equivalents $133.2M $128.7M $758.0M
Short-Term Investments $15.40M
Other Short-Term Assets $65.30M $95.00M $117.2M
YoY Change -43.22% 43.72% 63.46%
Inventory
Prepaid Expenses $41.90M $43.50M $48.90M
Receivables $228.3M $230.0M $228.8M
Other Receivables $100.0K $0.00 $0.00
Total Short-Term Assets $426.8M $453.7M $1.104B
YoY Change 8.52% 24.13% 208.47%
LONG-TERM ASSETS
Property, Plant & Equipment $183.0M $177.7M $183.9M
YoY Change 0.88% 4.53% 11.19%
Goodwill $1.983B $1.978B $2.004B
YoY Change -2.0% -0.83% -0.42%
Intangibles $1.770B $1.793B $1.850B
YoY Change -8.74% -7.1% -6.31%
Long-Term Investments $45.50M
YoY Change -12.33%
Other Assets $79.50M $87.30M $112.5M
YoY Change -16.84% -27.13% 2.55%
Total Long-Term Assets $4.016B $4.036B $4.150B
YoY Change -5.29% -4.23% -2.94%
TOTAL ASSETS
Total Short-Term Assets $426.8M $453.7M $1.104B
Total Long-Term Assets $4.016B $4.036B $4.150B
Total Assets $4.443B $4.489B $5.254B
YoY Change -4.12% -1.97% 13.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.4M $94.60M $108.3M
YoY Change
Accrued Expenses $15.50M $18.30M $25.30M
YoY Change -13.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $43.90M $44.20M $1.029B
YoY Change
Total Short-Term Liabilities $296.0M $272.5M $1.285B
YoY Change -10.28% 9.66% 399.15%
LONG-TERM LIABILITIES
Long-Term Debt $2.161B $2.175B $1.852B
YoY Change -23.76% -24.22% -35.59%
Other Long-Term Liabilities $27.80M $28.30M $26.90M
YoY Change 25.79% 19.41% 15.95%
Total Long-Term Liabilities $2.189B $2.203B $1.879B
YoY Change -23.37% -23.86% -35.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $296.0M $272.5M $1.285B
Total Long-Term Liabilities $2.189B $2.203B $1.879B
Total Liabilities $3.073B $3.099B $3.805B
YoY Change -20.45% -18.29% -0.31%
SHAREHOLDERS EQUITY
Retained Earnings -$424.3M -$443.5M -$439.4M
YoY Change -1.37% 6.33% 6.01%
Common Stock $1.852B $1.856B $1.859B
YoY Change 62.59% 64.3% 64.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.600M $4.300M $4.300M
YoY Change 6.98% 0.0% 2.38%
Treasury Stock Shares 700.0K shares 700.0K shares 700.0K shares
Shareholders Equity $1.231B $1.225B $1.272B
YoY Change
Total Liabilities & Shareholders Equity $4.443B $4.489B $5.254B
YoY Change -4.12% -1.97% 13.39%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $19.20M -$4.000M -$2.600M
YoY Change -246.56% 53.85% -114.53%
Depreciation, Depletion And Amortization $69.20M $71.50M $68.60M
YoY Change 3.13% 6.24% 24.05%
Cash From Operating Activities $102.9M $89.70M $100.0M
YoY Change 132.81% 39.07% 93.42%
INVESTING ACTIVITIES
Capital Expenditures -$35.90M -$28.00M -$38.20M
YoY Change -4.27% -35.48% 7.61%
Acquisitions
YoY Change
Other Investing Activities -$43.10M -$13.20M -$3.800M
YoY Change -41.52% 3200.0% -75.64%
Cash From Investing Activities -$79.00M -$41.20M -$42.00M
YoY Change -28.96% -5.94% -17.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.40M -675.0M 613.0M
YoY Change -142.89% 7570.45% 1757.58%
NET CHANGE
Cash From Operating Activities 102.9M 89.70M 100.0M
Cash From Investing Activities -79.00M -41.20M -42.00M
Cash From Financing Activities -18.40M -675.0M 613.0M
Net Change In Cash 5.500M -626.5M 671.0M
YoY Change -122.82% -5364.71% 1897.02%
FREE CASH FLOW
Cash From Operating Activities $102.9M $89.70M $100.0M
Capital Expenditures -$35.90M -$28.00M -$38.20M
Free Cash Flow $138.8M $117.7M $138.2M
YoY Change 69.89% 9.08% 58.49%

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CY2016Q4 us-gaap Deferred Finance Costs Current Net
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500000 USD
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1700000 USD
CY2016Q4 us-gaap Deferred Finance Costs Noncurrent Net
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1200000 USD
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-5000000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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-3600000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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-11500000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-20800000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17300000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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674600000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities
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656100000 USD
CY2015Q4 us-gaap Deferred Revenue Current
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10600000 USD
CY2016Q4 us-gaap Deferred Revenue Current
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12000000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
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10600000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross
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132900000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
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136300000 USD
CY2015Q4 us-gaap Deferred Tax Assets Hedging Transactions
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200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Hedging Transactions
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4800000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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86200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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77100000 USD
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96200000 USD
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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84900000 USD
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7800000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
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10000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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5800000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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4900000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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13700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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20100000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
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5100000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
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7400000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
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46700000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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59200000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
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588400000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
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579000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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14900000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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0 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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588400000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
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579000000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Other
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3700000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
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1900000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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606200000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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604500000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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49800000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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49700000 USD
CY2016Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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63000000 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
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14100000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17000000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
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19100000 USD
CY2015Q4 us-gaap Deposits Assets Noncurrent
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1800000 USD
CY2016Q4 us-gaap Deposits Assets Noncurrent
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9300000 USD
CY2014 us-gaap Depreciation
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56700000 USD
CY2015 us-gaap Depreciation
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60300000 USD
CY2016 us-gaap Depreciation
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67700000 USD
CY2014 us-gaap Depreciation And Amortization
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241200000 USD
CY2015 us-gaap Depreciation And Amortization
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278400000 USD
CY2016 us-gaap Depreciation And Amortization
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265200000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Liability
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0 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
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6100000 USD
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-0.09
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-0.02
CY2015Q4 us-gaap Earnings Per Share Basic
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0.11
CY2015 us-gaap Earnings Per Share Basic
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0.04
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0.07
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0.09
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0.23
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0.27
CY2016 us-gaap Earnings Per Share Basic
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0.66
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-0.09
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-0.04
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-0.02
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-0.02
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2016Q1 us-gaap Earnings Per Share Diluted
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0.07
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0.09
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0.22
CY2016Q4 us-gaap Earnings Per Share Diluted
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0.27
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-3500000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-5400000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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1100000 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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-1.442
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.424
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.424
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.360
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.360
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.987
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.099
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.009
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Restructuring Charges
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-0.066
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0.560
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.029
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.003
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.239
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.218
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.075
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.024
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3800000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8300000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11300000 USD
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
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9200000 USD
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
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8700000 USD
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
8000000 USD
CY2015Q4 us-gaap Equity Method Investments
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45500000 USD
CY2016Q4 us-gaap Equity Method Investments
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39400000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1400000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6300000 USD
CY2016 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
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100000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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615300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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815800000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
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167400000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
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1030200000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
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118600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
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131800000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
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148300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
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166000000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
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2385400000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
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2578100000 USD
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1770100000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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1762300000 USD
CY2016 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P17Y
CY2014 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2015 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2016 us-gaap Foreign Currency Transaction Gain Loss Realized
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300000 USD
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187300000 USD
CY2016Q4 us-gaap Furniture And Fixtures Gross
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226900000 USD
CY2014 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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22200000 USD
CY2015 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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0 USD
CY2016 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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0 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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33100000 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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-37600000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2014Q4 us-gaap Goodwill
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CY2015Q4 us-gaap Goodwill
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2173900000 USD
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49800000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-23300000 USD
CY2015Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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0 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Period Increase Decrease
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13200000 USD
CY2016 us-gaap Goodwill Period Increase Decrease
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163200000 USD
CY2015 us-gaap Goodwill Purchase Accounting Adjustments
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-3900000 USD
CY2016 us-gaap Goodwill Purchase Accounting Adjustments
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4000000 USD
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-54100000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-30500000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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128000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-1800000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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26600000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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205400000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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52300000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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57100000 USD
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
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-1000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-800000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-700000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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77400000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-1800000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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26600000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
205400000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12500000 USD
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IncomeLossFromEquityMethodInvestments
8800000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8600000 USD
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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3300000 USD
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100000 USD
CY2016 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
600000 USD
CY2015Q4 us-gaap Income Tax Examination Penalties Accrued
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0 USD
CY2016Q4 us-gaap Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
0 USD
CY2014 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 USD
CY2015 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 USD
CY2016 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11300000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74000000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-1800000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-2600000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-1800000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-600000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
9300000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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71900000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
0 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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-13600000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-5800000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
15400000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25200000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25900000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
93600000 USD
CY2015Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
100000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5400000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
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6100000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
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1300000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Trade
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2900000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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36300000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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39200000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
42500000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3072900000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
3308200000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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4442800000 USD
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CY2016 us-gaap Interest Expense
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CY2016 us-gaap Interest Paid
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3300000 USD
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3800000 USD
CY2016 us-gaap Investment Income Interest
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4600000 USD
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50500000 USD
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62600000 USD
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Land
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CY2016Q4 us-gaap Liabilities Current
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300000 USD
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4800000 USD
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0 USD
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50700000 USD
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54300000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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54500000 USD
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2018-12-31
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2900000 USD
CY2016Q4 us-gaap Marketable Securities Current
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3300000 USD
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11200000 USD
CY2016Q4 us-gaap Marketable Securities Noncurrent
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CY2016Q4 us-gaap Net Income Loss
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2
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CY2016 us-gaap Operating Expenses
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CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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300000 USD
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15100000 USD
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15500000 USD
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500000 USD
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200000 USD
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200000 USD
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0 USD
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400000 USD
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100000 USD
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0 USD
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200000 USD
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100000 USD
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0 USD
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200000 USD
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2700000 USD
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200000 USD
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300000 USD
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3700000 USD
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0 USD
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155200000 USD
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132200000 USD
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124000000 USD
CY2014 us-gaap Payments To Acquire Trading Securities Heldforinvestment
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2100000 USD
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1500000 USD
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1500000 USD
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10800000 USD
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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43900000 USD
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2800000 USD
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150000000 USD
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CY2016 us-gaap Proceeds From Lines Of Credit
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200000 USD
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350000000 USD
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55000000 USD
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9700000 USD
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12400000 USD
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58200000 USD
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1500000 USD
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1000000 USD
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21100000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
15300000 USD
CY2016Q1 us-gaap Profit Loss
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14600000 USD
CY2016Q2 us-gaap Profit Loss
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Litigation</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition to the matters described below, we are routinely named as defendants in, or parties to, various legal actions and proceedings relating to our current or past business operations. These actions generally assert claims for violations of federal or state credit reporting, consumer protection or privacy laws, or common law claims related to privacy, libel, slander or the unfair treatment of consumers, and may include claims for substantial or indeterminate compensatory or punitive damages, or injunctive relief, and may seek business practice changes. We believe that most of these claims are either without merit or we have valid defenses to the claims, and we vigorously defend these matters or seek non-monetary or small monetary settlements, if possible. However, due to the uncertainties inherent in litigation, we cannot predict the outcome of each claim in each instance.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the ordinary course of business, we also are subject to governmental and regulatory examinations, information-gathering requests, investigations and proceedings (both formal and informal), certain of which may result in adverse judgments, settlements, fines, penalties, injunctions or other relief. In connection with formal and informal inquiries by these regulators, we routinely receive requests, subpoenas and orders seeking documents, testimony and other information in connection with various aspects of our activities.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In view of the inherent unpredictability of litigation and regulatory matters, particularly where the damages sought are substantial or indeterminate or when the proceedings or investigations are in the early stages, we cannot determine with any degree of certainty the timing or ultimate resolution of litigation and regulatory matters or the eventual loss, fines, penalties or business impact, if any, that may result. We establish reserves for litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The actual costs of resolving litigation and regulatory matters, however, may be substantially higher than the amounts reserved for those matters, and an adverse outcome in certain of these matters could have a material adverse effect on our consolidated financial statements in particular quarterly or annual periods.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On a regular basis, we accrue reserves for litigation and regulatory matters based on our historical experience and our ability to reasonably estimate and ascertain the probability of any liability. However, for certain of the matters described below, we are not able to reasonably estimate our exposure because damages have not been specified and (i)&#160;the proceedings are in early stages, (ii)&#160;there is uncertainty as to the likelihood of a class being certified or the ultimate size of the class, (iii)&#160;there is uncertainty as to the outcome of similar matters pending against our competitors, (iv)&#160;there are significant factual issues to be resolved, and/or (v)&#160;there are legal issues of a first impression being presented. However, for these matters we do not believe based on currently available information that the outcomes will have a material adverse effect on our financial condition, though the outcomes could be material to our operating results for any particular period.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To reduce our exposure to an unexpected significant monetary award resulting from an adverse judicial decision, we maintain insurance that we believe is appropriate and adequate based on our historical experience. We regularly advise our insurance carriers of the claims (threatened or pending) against us in the course of litigation and generally receive a reservation of rights letter from the carriers when such claims exceed applicable deductibles. We are not aware of any significant monetary claim that has been asserted against us in the course of pending litigation that would not have some level of coverage by insurance after the relevant deductible, if any, is met.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December&#160;31, 2016 and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, we accrued </font><font style="font-family:inherit;font-size:10pt;">$35.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$16.3 million</font><font style="font-family:inherit;font-size:10pt;">, respectively, for anticipated claims. The increase at December 31, 2016 compared with December 31, 2015 was due primarily to our settlement with the CFPB. These amounts were recorded in other accrued liabilities in the consolidated balance sheets and the associated expenses were recorded in selling, general and administrative expenses in the consolidated statements of income. Legal fees incurred in connection with ongoing litigation are considered period costs and are expensed as incurred.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">OFAC Alert Service</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of a decision by the United States Third Circuit Court of Appeals in 2010 In </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez v. Trans Union LLC</font><font style="font-family:inherit;font-size:10pt;">), we modified one of our add-on services we offer to our business customers that was designed to alert our customer that the consumer, who was seeking to establish a business relationship with the customer, may potentially be on the Office of Foreign Assets Control, Specifically Designated National and Blocked Persons alert list (the &#8220;OFAC Alert&#8221;). The OFAC Alert service is meant to assist our customers with their compliance obligations in connection with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez v. Trans Union LLC</font><font style="font-family:inherit;font-size:10pt;">, (No. 3:12-cv-00632-JSC, United States District Court for the Northern District of California), filed in 2012, the plaintiff has alleged that: the OFAC Alert service does not comply with the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez</font><font style="font-family:inherit;font-size:10pt;"> ruling; we have willfully violated the Fair Credit Reporting Act ("FCRA") and the corresponding California state-FCRA based on the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez</font><font style="font-family:inherit;font-size:10pt;"> ruling by continuing to offer the OFAC Alert service; and there are one or more classes of individuals who should be entitled to statutory damages (i.e., </font><font style="font-family:inherit;font-size:10pt;">$100</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">$5,000</font><font style="font-family:inherit;font-size:10pt;"> per person) based on the allegedly willful violations. In addition to the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</font><font style="font-family:inherit;font-size:10pt;"> action, the same lawyers representing </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramire</font><font style="font-family:inherit;font-size:10pt;">z (who also represented the plaintiff in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cortez</font><font style="font-family:inherit;font-size:10pt;">) filed two additional alleged class actions in 2012 (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Miller v. Trans Union, LLC</font><font style="font-family:inherit;font-size:10pt;">, No.&#160;12-1715-WJN, United States District Court for the Middle District of Pennsylvania; and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Larson v. Trans Union, LLC</font><font style="font-family:inherit;font-size:10pt;">, No.&#160;12-5726-JSC, United States District Court for the Northern District of California) and one in 2014 (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amit Patel, et al. v. TransUnion LLC, TransUnion Rental Screening Solutions, Inc. and TransUnion Background Data Solutions</font><font style="font-family:inherit;font-size:10pt;">, No. 14-cv-0522-LB, United States District Court for the Northern District of California) claiming that our process for disclosing OFAC information to consumers, or how we match OFAC information to a consumer's name or other identifying information, violates the FCRA and, in some instances, the corresponding California state-FCRA. In addition to the OFAC allegations, the plaintiff in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Patel</font><font style="font-family:inherit;font-size:10pt;"> action seeks to collapse all TransUnion FCRA regulated entities into a single entity. In July 2014, the Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</font><font style="font-family:inherit;font-size:10pt;"> certified a class of approximately </font><font style="font-family:inherit;font-size:10pt;">8,000</font><font style="font-family:inherit;font-size:10pt;"> individuals solely for purposes of statutory damages if TransUnion is ultimately found to have willfully violated the FCRA, and a sub-class of California residents solely for purposes of injunctive relief under the California Consumer Credit Reporting Agencies Act.&#160;While the Court noted that the plaintiff is not seeking any actual monetary damage, the class certification order was predicated on a disputed question of Ninth Circuit law (currently there is a conflict between the federal circuits) that is awaiting action by the United States Supreme Court. Our motions to stay the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Miller</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Larson</font><font style="font-family:inherit;font-size:10pt;"> proceedings were granted and the proceedings stayed pending action by the U.S. Supreme Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo v. Robins</font><font style="font-family:inherit;font-size:10pt;">. In June 2015, the Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Patel</font><font style="font-family:inherit;font-size:10pt;"> certified a national class of approximately </font><font style="font-family:inherit;font-size:10pt;">11,000</font><font style="font-family:inherit;font-size:10pt;"> individuals with respect to allegations that TransUnion willfully violated the FCRA by failing to maintain and follow reasonable procedures to ensure the maximum possible accuracy of their information, and a national subclass of approximately </font><font style="font-family:inherit;font-size:10pt;">3,000</font><font style="font-family:inherit;font-size:10pt;"> individuals with respect to allegations that TransUnion willfully violated the FCRA by failing to provide consumers with all information in their files. In September 2015, our motion to stay the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Patel </font><font style="font-family:inherit;font-size:10pt;">proceedings was granted and the proceedings stayed pending action by the U.S. Supreme Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo v. Robins</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 16, 2016, the U.S. Supreme Court issued its decision in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo v. Robins</font><font style="font-family:inherit;font-size:10pt;">, holding that the injury-in-fact requirement for standing under Article III of the United States Constitution requires a plaintiff to allege an injury that is both &#8220;concrete </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">and </font><font style="font-family:inherit;font-size:10pt;">particularized.&#8221; The Court held that the Ninth Circuit&#8217;s analysis failed to consider concreteness in its analysis and vacated the decision and remanded to the Ninth Circuit to consider both aspects of the injury-in-fact requirement. Following the U.S. Supreme Court&#8217;s decision, the stays in the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Miller</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Larson</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Patel</font><font style="font-family:inherit;font-size:10pt;"> matters were lifted. In August 2016, the Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Larson</font><font style="font-family:inherit;font-size:10pt;"> certified a class of approximately </font><font style="font-family:inherit;font-size:10pt;">18,000</font><font style="font-family:inherit;font-size:10pt;"> California residents with respect to allegations that TransUnion failed to provide consumers with all information in their files in violation of the Fair Credit Reporting Act. In October 2016, the Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Larson</font><font style="font-family:inherit;font-size:10pt;"> denied our petition for permission to appeal the class certification decision to the Ninth Circuit, and the Courts in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ramirez</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Patel</font><font style="font-family:inherit;font-size:10pt;"> denied our motions to decertify the classes based on the implications of </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Spokeo</font><font style="font-family:inherit;font-size:10pt;">. On January 17, 2017, the magistrate in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Miller </font><font style="font-family:inherit;font-size:10pt;">recommended that the Court find that the plaintiff has standing to bring suit in federal court, and that the motion for class certification should be granted. We intend to continue to defend these matters vigorously as we believe we have acted in a lawful manner.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Consumer Disclosure</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tyrone Henderson, et al. v. TransUnion LLC and TransUnion Rental Screening Solutions, Inc. </font><font style="font-family:inherit;font-size:10pt;">(No. 3:14-cv-00679-JAG, United States District Court for the Eastern District of Virginia (Richmond Division)), the plaintiffs have alleged that TransUnion&#8217;s process for mailing required notices to consumers at the time it furnishes a consumer report for employment purposes that contains adverse public record information violates the FCRA. In May 2016, the Court in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Henderson</font><font style="font-family:inherit;font-size:10pt;"> certified a national class of individuals with respect to these allegations. We intend to continue to defend this matter vigorously as we believe we have acted in a lawful manner.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">CFPB Investigation</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, we received a Civil Investigative Demand (a &#8220;CID&#8221;) from the CFPB. The CID was focused on common industry practices relating to the advertising, marketing and sale of consumer reports, credit scores or credit monitoring products to consumers by our Consumer Interactive segment. On December 22, 2016, we agreed to settle with the CFPB and executed and delivered a &#8220;Stipulation and Consent to the Issuance of a Consent Order,&#8221; pursuant to which we accepted the issuance of a consent order (the &#8220;Consent Order&#8221;) by the CFPB requiring us to:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">implement certain agreed practice changes in the way we advertise, market and sell products and services offered directly to consumers, including more robust disclosures regarding the nature of the credit score being provided as well as confirming consumer consent if the product or service is being sold through the use of a negative option feature (i.e., a trial period becomes a recurring paid subscription unless the consumer affirmatively cancels their registration); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">develop and submit to the CFPB for approval a comprehensive compliance plan detailing the steps for addressing each action required by the terms of the Consent Order and specific time frames and deadlines for implementation. </font></div></td></tr></table><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The CFPB issued the Consent Order reflecting the agreed settlement on January 3, 2017. We incurred a one-time charge of approximately </font><font style="font-family:inherit;font-size:10pt;">$19.4 million</font><font style="font-family:inherit;font-size:10pt;"> in the fourth quarter of 2016, consisting of the following: approximately </font><font style="font-family:inherit;font-size:10pt;">$13.9 million</font><font style="font-family:inherit;font-size:10pt;"> for redress to eligible consumers; a civil money penalty to be paid to the CFPB in the amount of </font><font style="font-family:inherit;font-size:10pt;">$3.0 million</font><font style="font-family:inherit;font-size:10pt;">; and our current estimate of </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> for additional administrative, legal and compliance costs we will incur in connection with the settlement. We expect to pay this liability 2017.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TransUnion is a leading global risk and information solutions provider to businesses and consumers. We provide consumer reports, risk scores, analytical services and decisioning capabilities to businesses. Businesses embed our solutions into their process workflows to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud. Consumers use our solutions to view their credit profiles and access analytical tools that help them understand and manage their personal information and take precautions against identity theft. We are differentiated by our comprehensive and unique datasets, our next-generation technology and our analytics and decisioning capabilities, which enable us to deliver insights across the entire consumer lifecycle. We believe we are the largest provider of risk and information solutions in the United States to possess both nationwide consumer credit data and comprehensive, diverse public records data, which allows us to better predict behaviors, assess risk and address a broader set of business issues for our customers. We have deep domain expertise across a number of attractive industries, sometimes referred to as verticals, including financial services, specialized risk, insurance and healthcare. We have a global presence in over </font><font style="font-family:inherit;font-size:10pt;">30</font><font style="font-family:inherit;font-size:10pt;"> countries across North America, Africa, Latin America and Asia.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that we have the capabilities and assets, including comprehensive and unique datasets, advanced technology and analytics to provide differentiated solutions to our customers. Our solutions are based on a foundation of financial, credit, alternative credit, identity, bankruptcy, lien, judgment, insurance claims, healthcare, automotive and other relevant information from </font><font style="font-family:inherit;font-size:10pt;">90,000</font><font style="font-family:inherit;font-size:10pt;"> data sources, including financial institutions, private databases and public records repositories. We refine, standardize and enhance this data using sophisticated algorithms to create proprietary databases. Our next-generation technology allows us to quickly and efficiently integrate our data with our analytics and decisioning capabilities to create and deliver innovative solutions to our customers and to quickly adapt to changing customer needs. Our deep analytics expertise, which includes our people as well as tools such as predictive modeling and scoring, customer segmentation, benchmarking and forecasting, enables businesses and consumers to gain better insights into their risk and financial data. Our decisioning capabilities, which are generally delivered on a software-as-a-service platform, allow businesses to interpret data and apply their specific qualifying criteria to make decisions and take actions. Collectively, our data, analytics and decisioning capabilities allow businesses to authenticate the identity of consumers, effectively determine the most relevant products for consumers, retain and cross-sell to existing consumers, identify and acquire new consumers and reduce loss from fraud. Similarly, our capabilities allow consumers to see how their credit profiles have changed over time, understand the impact of financial decisions on their credit scores, manage their personal information and take precautions against identity theft. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div>
CY2016 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition and Deferred Revenue</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the pricing is fixed or determinable and the collectability is reasonably assured. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A significant portion of our revenue is derived from providing information services to our customers. This revenue is recognized when services are provided, assuming all criteria for revenue recognition are met. A smaller portion of our revenue relates to subscription-based contracts where a customer pays a predetermined fee for a predetermined, or unlimited, number of transactions or services during the subscription period. Revenue related to subscription-based contracts that have a preset number of transactions is recognized as the services are provided, using an effective transaction rate as the actual transactions are completed. Any remaining revenue related to unfulfilled units is not recognized until the end of the related contract subscription period. Revenue related to subscription-based contracts that have an unlimited volume is recognized straight-line over the contract term. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred revenue generally consists of amounts billed in excess of revenue recognized for the sale of data services, subscriptions and set up fees. Deferred revenue is included in other current liabilities.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements and related disclosures in accordance with GAAP requires management to make estimates and judgments that affect the amounts reported. We believe that the estimates used in preparation of the accompanying consolidated financial statements are reasonable, based upon information available to management at this time. These estimates and judgments affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the balance sheet date, as well as the amounts of revenue and expense during the reporting period. Estimates are inherently uncertain and actual results could differ materially from the estimated amounts.</font></div></div>

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