TransUnion

Completed the acquisition of Verisk Financial Services on April 8, 2022, and intend to retain the leading core businesses of Argus and Commerce Signals and ...

(2) (4) (1) (2) We define Adjusted EBITDA as net income (loss) attributable to TransUnion less income from discontinued operations, net of tax, plus net interest expense, plus (less) provision (benefit) for income taxes, plus depreciation and amortization, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses, plus certain accelerated technology investment expenses to migrate to the cloud, plus (less) certain other expenses (income). We define Adjusted Net Income as net income (loss) attributable to TransUnion, less income from discontinued operations, net of tax, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses, plus certain accelerated technology investment expenses, plus (less) certain other expenses (income), plus amortization of certain intangible assets, plus or minus the related changes in provision for income taxes. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income (loss) attributable to the Company, earnings per share or cash provided by operating activities. The impact of mortgage is expected to be approximately 4.5 points of headwind for Q2 2022 and 4 points for FY 2022. The NORA letter alleged that we failed to comply with and timely implement a Consent Order issued by the CFPB in January 2017 (the “Consent Order”), and further alleged additional violations related to Consumer Interactive Inc.’s marketing practices. Adjusted EBITDA margin was 36.3 percent, compared with 39.7 percent in the first quarter of 2021. Adjusted Diluted Earnings per Share for the quarter was $0.93, compared with $0.83 in the first quarter of 2021. The decrease in cash provided by operation activities of continuing operations was due primarily to an increase in cash used to pay accrued incentive and other compensation in the first quarter of 2022 compared with the first quarter of 2021 and an increase in interest expense payments, partially offset by an increase in operating performance. Diluted earnings per share was $0.25, compared with $0.66 in the first quarter of 2021.