TransUnion Files 10-Q for Q2 2024
Ticker: TRU · Form: 10-Q · Filed: Jul 25, 2024 · CIK: 1552033
| Field | Detail |
|---|---|
| Company | Transunion (TRU) |
| Form Type | 10-Q |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
TransUnion's Q2 2024 10-Q is in. Check financials.
AI Summary
TransUnion filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and first half of the fiscal year. Key financial data and operational details for this period are presented, reflecting the company's performance and financial position.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for TransUnion, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating any immediate or unusual risks.
Key Players & Entities
- TransUnion (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240725 (date) — Filing date
- 555 WEST ADAMS STREET (address) — Company's business and mailing address
- CHICAGO (location) — City of company's address
- DE (location) — State of incorporation
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ending June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 25, 2024.
What is TransUnion's primary business classification?
TransUnion's Standard Industrial Classification is SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320].
What is TransUnion's principal executive office address?
TransUnion's principal executive office is located at 555 West Adams Street, Chicago, IL 60661.
What is the fiscal year end for TransUnion?
TransUnion's fiscal year ends on December 31.
Filing Stats: 4,799 words · 19 min read · ~16 pages · Grade level 7.3 · Accepted 2024-07-25 16:19:02
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TRU New York Stock Exchange
Filing Documents
- tru-20240630.htm (10-Q) — 2013KB
- tu-amendmentno23tocreditag.htm (EX-10.3) — 2581KB
- exhibit311ceocert20240630.htm (EX-31.1) — 8KB
- exhibit312cfocert06302024.htm (EX-31.2) — 8KB
- exhibit3206302024ceocfocert.htm (EX-32) — 5KB
- 0001552033-24-000065.txt ( ) — 11759KB
- tru-20240630.xsd (EX-101.SCH) — 49KB
- tru-20240630_cal.xml (EX-101.CAL) — 85KB
- tru-20240630_def.xml (EX-101.DEF) — 247KB
- tru-20240630_lab.xml (EX-101.LAB) — 645KB
- tru-20240630_pre.xml (EX-101.PRE) — 472KB
- tru-20240630_htm.xml (XML) — 1278KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 4
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
ITEM 1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 4 Consolidated Balance Sheets 4 Consolidated Statements of O perations 5 Consolidated Statements of Comprehensive Income 6 Consolidated Statements of Cash Flows 7 Consolidated Statements of Stockholders' Equity 8 Notes to Unaudited Consolidated Financial Statements 9
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 53
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 54
OTHER INFORMATION
PART II. OTHER INFORMATION 55
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 55
RISK FACTORS
ITEM 1A. RISK FACTORS 55
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 55
OTHER INFORMATION 55
ITEM 5. OTHER INFORMATION 55
EXHIBITS
ITEM 6. EXHIBITS 56
SIGNATURES
SIGNATURES 57 3 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
ITEM 1. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TRANSUNION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited) (in millions, except per share data) June 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 543.2 $ 476.2 Trade accounts receivable, net of allowance of $ 19.1 and $ 16.4 778.6 723.0 Other current assets 222.1 275.9 Total current assets 1,543.9 1,475.1 Property, plant and equipment, net of accumulated depreciation and amortization of $ 841.8 and $ 804.4 183.6 199.3 Goodwill 5,161.8 5,176.0 Other intangibles, net of accumulated amortization of $ 2,920.5 and $ 2,719.8 3,391.2 3,515.3 Other assets 744.7 739.4 Total assets $ 11,025.2 $ 11,105.1 Liabilities and stockholders' equity Current liabilities: Trade accounts payable $ 312.6 $ 251.3 Short-term debt and current portion of long-term debt 66.5 89.6 Other current liabilities 551.6 661.8 Total current liabilities 930.7 1,002.7 Long-term debt 5,174.6 5,250.8 Deferred taxes 523.0 592.9 Other liabilities 159.7 153.2 Total liabilities 6,788.0 6,999.6 Stockholders' equity: Common stock, $ 0.01 par value; 1.0 billion shares authorized at June 30, 2024 and December 31, 2023, 200.6 million and 200.0 million shares issued at June 30, 2024 and December 31, 2023, respectively, and 194.3 million and 193.8 million shares outstanding as of June 30, 2024 and December 31, 2023, respectively 2.0 2.0 Additional paid-in capital 2,476.9 2,412.9 Treasury stock at cost, 6.4 million and 6.2 million shares at June 30, 2024 and December 31, 2023, respectively ( 314.3 ) ( 302.9 ) Retained earnings 2,266.0 2,157.1 Accumulated other comprehensive loss ( 295.8 ) ( 260.9 ) Total TransUnion stockholders' equity 4,134.8 4,008.2 Noncontrolling interests 102.4 97.3 Total stockholders' equity 4,237.2 4,105.5 Total liabilities and stockholders' equity $ 11,025.2 $ 11,105.1 See accompanying notes to unaudited consolidated financial statements. 4 Table of Contents