"Our first quarter results were below expectations, due to unexpected
weakness in
First Quarter 2012 Results
Diluted earnings per share before non-core gains and charges for
the quarter ended
On a GAAP basis, diluted earnings per share for the quarter ended
See attached Schedule 3 for a reconciliation of diluted earnings per share before non-core gains and charges to earnings per share on a GAAP basis, as well as the definitions of the non-GAAP financial measures that the Company uses to evaluate the business.
Core revenue for the first quarter of 2012 was
Core revenue results for the first quarter of 2012 reflect the following by solution set:
See attached Schedules 4, 5 and 6 for additional detail.
Total revenue for the first quarter of 2012 was
Operating income before non-core gains and charges for the first
quarter of 2012 was
See attached Schedule 3 for additional detail.
Net income attributable to D&B before non-core gains and
charges for the first quarter of 2012 was
See attached Schedule 3 for additional detail.
Free cash flow for the first three months of 2012, excluding the
impact of legacy tax matters, was
See attached Schedule 4 for additional detail.
Share Repurchases
During the first quarter of 2012 there were no repurchases under the Company's discretionary repurchase program and no repurchases made to offset the dilutive effect of shares issued under employee benefit plans.
D&B remains committed to repurchasing between
The Company ended the first quarter of 2012 with
First Quarter 2012 Segment Results
As a reminder, during the first quarter of 2011, D&B realigned its
geographic reporting segments into the following three classifications:
i)
Simultaneously with the sale of the domestic portion of our Japanese
operations to
Schedule 7 depicts the effect this reclassification had on our segments for 2011, that is the basis for which we provide 2012 revenue guidance.
Core revenue for the first quarter of 2012 was
See attached Schedules 4, 5 and 6 for additional details.
Total revenue for the first quarter of 2012 was
Operating income for the first quarter of 2012 was
Core revenue for the first quarter of 2012 was
Total revenue for the first quarter of 2012 was
See attached Schedules 4, 5 and 6 for additional detail.
Operating income before non-core gains and charges for the first
quarter of 2012 was
See attached Schedule 3 for additional detail.
Core and total revenue for the first quarter of 2012 was
See attached Schedules 4, 5 and 6 for additional detail.
Operating income for the first quarter of 2012 was
MaxCV
In
In the first quarter of 2012, the Company incurred
For the full year 2012, the Company anticipates spending approximately
See attached Schedule 3 for additional detail.
Update on the Investigation Related to China Operations
On
In connection with the ongoing investigation as well as the time and
cost to resolve these issues, we subsequently decided to permanently
cease the operations of Roadway and we have begun the process of
shutting down that business. However, we remain committed to our growth
strategy in
D&B acquired Roadway's operations in 2009 and for full year 2011,
Roadway generated approximately
Schedule 7 depicts the effect the shut down had on our core revenue for 2011 and the first quarter of 2012, that is the basis for which we provide 2012 revenue guidance.
Non-Core Charges Related to Matter in
During the first quarter of 2012, we incurred a
For the full year 2012, we currently expect to incur non-core charges
related to the shut down of
Non-Core Gains and Charges
During the first quarters of 2012 and 2011, the Company recorded:
See attached Schedule 3 for additional explanations and details of these charges.
D&B's restructuring charges may be viewed as recurring as they are part of its Financial Flexibility initiatives. In addition to reporting GAAP results, the Company reports results before restructuring charges and other non-core gains and charges because they do not reflect the Company's underlying business performance and they may have a disproportionate positive or negative impact on the results of its ongoing business operations. For additional information, see the section titled "Use of Non-GAAP Financial Measures" below.
Full Year 2012 Guidance
D&B today revised its financial guidance for the full year 2012:
The impact of MaxCV has been excluded from our operating income and diluted EPS guidance and included in our free cash flow guidance.
D&B does not provide guidance on a GAAP basis because D&B is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of non-core gains and charges, such as restructuring charges and legacy tax matters, which are a component of the most comparable financial measures calculated in accordance with GAAP. Non-core gains and charges are uncertain and will depend on several factors, including industry conditions, and could be material to D&B's results computed in accordance with GAAP.
Use of Non-GAAP Financial Measures
D&B reports non-GAAP financial measures in this press release and the
schedules attached. See "Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations — How We Manage Our
Business" in the Company's Annual Report on Form 10-K for the year
ending
First Quarter 2012 Teleconference
As previously announced, D&B will review its first quarter financial
results in a conference call with the investment community on
About
D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management SolutionsTM to mitigate credit and supplier risk, increase cash flow and drive increased profitability; D&B Sales & Marketing SolutionsTM to increase revenue from new and existing customers; and D&B Internet SolutionsTM to convert prospects into clients faster by enabling business professionals to research companies, executives and industries, over the web. For more information, please visit www.dnb.com.
Forward-Looking and Cautionary Statements
This press release, including, in particular, the section titled "Full Year 2012 Guidance," contains projections of future results and other forward-looking statements that involve a number of trends, risks and uncertainties, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
The following important factors could cause actual results to differ materially from those projected in such forward-looking statements.
For a more detailed discussion of the trends, risks and uncertainties
that may affect D&B's operating and financial results and its ability to
achieve the financial objectives discussed in this press release,
readers should review the Company's filings with the
|
|
Schedule 1 | |||||||||||||||||||||
|
Consolidated Statement of Operations (unaudited) - GAAP Results |
||||||||||||||||||||||
| Effects of | ||||||||||||||||||||||
| Quarter Ended | AFX | Foreign | BFX | |||||||||||||||||||
|
|
% Change | Exchange | % Change | |||||||||||||||||||
| Dollar amounts in millions, except per share data | 2012 | 2011 | Fav (Unfav) | Fav (Unfav) | Fav (Unfav) | |||||||||||||||||
| Revenue: | ||||||||||||||||||||||
|
|
$ | 285.5 | $ | 288.5 | (1 | %) | 0 | % | (1 | %) | ||||||||||||
|
|
47.2 | 40.6 | 16 | % | 1 | % | 15 | % | ||||||||||||||
|
|
57.4 | 56.3 | 2 | % | (1 | %) | 3 | % | ||||||||||||||
| International | 104.6 | 96.9 | 8 | % | 0 | % | 8 | % | ||||||||||||||
| Core Revenue | $ | 390.1 | $ | 385.4 | 1 | % | 0 | % | 1 | % | ||||||||||||
| Divested Business (1) | 12.7 | 18.2 | (30 | %) | 4 | % | (34 | %) | ||||||||||||||
| Total Revenue | $ | 402.8 | $ | 403.6 | 0 | % | 0 | % | 0 | % | ||||||||||||
| Operating Income (Loss): | ||||||||||||||||||||||
|
|
$ | 102.5 | $ | 106.9 | (4 | %) | ||||||||||||||||
|
|
(11.1 | ) | (1.8 | ) | N/M | |||||||||||||||||
|
|
14.2 | 11.0 | 29 | % | ||||||||||||||||||
| International | 3.1 | 9.2 | (66 | %) | ||||||||||||||||||
| Corporate and Other (3) | (31.2 | ) | (26.8 | ) | (16 | %) | ||||||||||||||||
| Total Operating Income | 74.4 | 89.3 | (17 | %) | ||||||||||||||||||
| Interest Income | 0.1 | 0.4 | (66 | %) | ||||||||||||||||||
| Interest Expense | (9.1 | ) | (9.2 | ) | 1 | % | ||||||||||||||||
| Other Income (Expense) - Net (4) | 6.6 | (3.3 | ) | N/M | ||||||||||||||||||
| Non-Operating Income (Expense) - Net | (2.4 | ) | (12.1 | ) | 80 | % | ||||||||||||||||
| Income Before Provision for Income Taxes | 72.0 | 77.2 | (7 | %) | ||||||||||||||||||
| Less: Provision for Income Taxes | 8.3 | 29.1 | 72 | % | ||||||||||||||||||
| Equity in Net Income (Loss) of Affiliates | 0.4 | 0.2 | 61 | % | ||||||||||||||||||
| Net Income | 64.1 | 48.3 | 33 | % | ||||||||||||||||||
|
Less: Net (Income) Loss Attributable to the Noncontrolling Interest (5) |
(0.7 | ) | 1.6 | N/M | ||||||||||||||||||
| Net Income Attributable to D&B (6) | 63.4 | 49.9 | 27 | % | ||||||||||||||||||
|
Less: Allocation to |
0.0 | (0.1 | ) | 57 | % | |||||||||||||||||
| Net Income Attributable to D&B Common Shareholders | 63.4 | 49.8 | 27 | % | ||||||||||||||||||
|
Basic Earnings Per Share of Common Stock Attributable to D&B Common Shareholders |
$ | 1.33 | $ | 1.00 | 33 | % | ||||||||||||||||
|
Diluted Earnings Per Share of Common Stock Attributable to D&B Common Shareholders (7) |
$ | 1.32 | $ | 1.00 | 32 | % | ||||||||||||||||
|
Weighted Average Number of Shares Outstanding: |
||||||||||||||||||||||
|
|
47.7 | 49.5 | 4 | % | ||||||||||||||||||
| Diluted | 48.1 | 50.0 | 4 | % | ||||||||||||||||||
| AFX - After Effects of Foreign Exchange | ||||||||||||||||||||||
| BFX - Before Effects of Foreign Exchange | ||||||||||||||||||||||
| N/M - Not Meaningful | ||||||||||||||||||||||
| See Schedule 3 (Notes to Schedules), which is an integral part of the consolidated statement of operations. |
|
This financial information should be read in conjunction with the
consolidated financial statements and related notes of |
|
|
Schedule 2 | |||||||||||||||||||||
|
Consolidated Statement of Operations (unaudited) - Before Non-Core Gains and Charges |
||||||||||||||||||||||
| Effects of | ||||||||||||||||||||||
| Quarter Ended | AFX | Foreign | BFX | |||||||||||||||||||
|
|
% Change | Exchange | % Change | |||||||||||||||||||
| Dollar amounts in millions, except per share data | 2012 | 2011 | Fav (Unfav) | Fav (Unfav) | Fav (Unfav) | |||||||||||||||||
| Revenue: | ||||||||||||||||||||||
|
|
$ | 285.5 | $ | 288.5 | (1 | %) | 0 | % | (1 | %) | ||||||||||||
|
|
47.2 | 40.6 | 16 | % | 1 | % | 15 | % | ||||||||||||||
|
|
57.4 | 56.3 | 2 | % | (1 | %) | 3 | % | ||||||||||||||
| International | 104.6 | 96.9 | 8 | % | 0 | % | 8 | % | ||||||||||||||
| Core Revenue | $ | 390.1 | $ | 385.4 | 1 | % | 0 | % | 1 | % | ||||||||||||
| Divested Business (1) | 12.7 | 18.2 | (30 | %) | 4 | % | (34 | %) | ||||||||||||||
| Total Revenue | $ | 402.8 | $ | 403.6 | 0 | % | 0 | % | 0 | % | ||||||||||||
| Operating Income (Loss): | ||||||||||||||||||||||
|
|
$ | 102.5 | $ | 106.9 | (4 | %) | ||||||||||||||||
|
|
1.8 | (1.8 | ) | N/M | ||||||||||||||||||
|
|
14.2 | 11.0 | 29 | % | ||||||||||||||||||
| International | 16.0 | 9.2 | 74 | % | ||||||||||||||||||
| Corporate and Other (3) | (12.5 | ) | (12.7 | ) | 1 | % | ||||||||||||||||
| Total Operating Income | 106.0 | 103.4 | 3 | % | ||||||||||||||||||
| Interest Income | 0.1 | 0.4 | (66 | %) | ||||||||||||||||||
| Interest Expense | (9.1 | ) | (9.2 | ) | 1 | % | ||||||||||||||||
| Other Income (Expense) - Net (4) | 0.5 | (0.3 | ) | N/M | ||||||||||||||||||
| Non-Operating Income (Expense) - Net | (8.5 | ) | (9.1 | ) | 7 | % | ||||||||||||||||
| Income Before Provision for Income Taxes | 97.5 | 94.3 | 3 | % | ||||||||||||||||||
| Less: Provision for Income Taxes | 32.1 | 31.6 | (2 | %) | ||||||||||||||||||
| Equity in Net Income (Loss) of Affiliates | 0.4 | 0.2 | 61 | % | ||||||||||||||||||
| Net Income | 65.8 | 62.9 | 5 | % | ||||||||||||||||||
| Less: Net (Income) Loss Attributable to the Noncontrolling Interest (5) | (0.6 | ) | 1.6 | N/M | ||||||||||||||||||
|
Net Income Attributable to D&B (6) |
65.2 | 64.5 | 1 | % | ||||||||||||||||||
|
Less: Allocation to |
0.0 | (0.1 | ) | 64 | % | |||||||||||||||||
|
Net Income Attributable to D&B Common Shareholders |
65.2 | 64.4 | 1 | % | ||||||||||||||||||
|
Basic Earnings Per Share of Common Stock Attributable to D&B Common Shareholders |
$ | 1.37 | $ | 1.30 | 5 | % | ||||||||||||||||
|
Diluted Earnings Per Share of Common Stock Attributable to D&B Common Shareholders (7) |
$ | 1.35 | $ | 1.29 | 5 | % | ||||||||||||||||
|
Weighted Average Number of Shares Outstanding: |
||||||||||||||||||||||
|
|
47.7 | 49.5 | 4 | % | ||||||||||||||||||
| Diluted | 48.1 | 50.0 | 4 | % | ||||||||||||||||||
| AFX - After Effects of Foreign Exchange | ||||||||||||||||||||||
| BFX - Before Effects of Foreign Exchange | ||||||||||||||||||||||
| N/M - Not Meaningful | ||||||||||||||||||||||
| See Schedule 3 (Notes to Schedules), which is an integral part of the consolidated statement of operations. |
|
This financial information should be read in conjunction with the
consolidated financial statements and related notes of |
|
|
Schedule 3 | ||||||||||||||||
| Notes to Schedules 1 and 2 (unaudited) and Definitions of Non-GAAP Measures | |||||||||||||||||
| (1 | ) | The following table reconciles Divested Business included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Divested Business: | |||||||||||||||||
| Purisma | $ | - | $ | 0.7 | |||||||||||||
| AllBusiness | - | 1.1 | |||||||||||||||
|
|
- | 0.9 | |||||||||||||||
| Domestic Portion of Japan Operations |
12.7 |
12.3 |
|||||||||||||||
|
Market Research Business in |
- |
3.2 | |||||||||||||||
| Total Divested Business | $ | 12.7 | $ | 18.2 | |||||||||||||
| (2 | ) | The following table reconciles Asia Pacific Operating Income included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Asia Pacific Operating Income - GAAP Results (Schedule 1) | $ | (11.1 | ) | $ | (1.8 | ) | |||||||||||
|
Impairments Related to Matters in |
(12.9 | ) | - | ||||||||||||||
| Asia Pacific Operating Income - Before Non-Core Gains and Charges (Schedule 2) | $ | 1.8 | $ | (1.8 | ) | ||||||||||||
| (3 | ) | The following table reconciles Corporate and Other expenses included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Corporate and Other - GAAP Results (Schedule 1) | $ | (31.2 | ) | $ | (26.8 | ) | |||||||||||
| Restructuring Charges | (9.1 | ) | (4.2 | ) | |||||||||||||
|
|
(8.4 | ) | (9.9 | ) | |||||||||||||
|
Legal fees Associated with Matters in |
(1.2 | ) | - | ||||||||||||||
| Corporate and Other - Before Non-Core Gains and Charges (Schedule 2) | $ | (12.5 | ) | $ | (12.7 | ) | |||||||||||
| (4 | ) | The following table reconciles Other Income (Expense)-Net included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Other Income (Expense)-Net - GAAP Results (Schedule 1) | $ | 6.6 | $ | (3.3 | ) | ||||||||||||
| Effect of Legacy Tax Matters | 0.1 | 0.2 | |||||||||||||||
| Gain (Loss) on Sale of Businesses | 6.0 | - | |||||||||||||||
| Gain (Loss) on Investment | - | (3.2 | ) | ||||||||||||||
| Other Income (Expense)-Net - Before Non-Core Gains and Charges (Schedule 2) | $ | 0.5 | $ | (0.3 | ) | ||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Total Pre-Tax Impacts: | |||||||||||||||||
| Restructuring Charges | $ | (9.1 | ) | $ | (4.2 | ) | |||||||||||
|
|
(8.4 | ) | (9.9 | ) | |||||||||||||
|
Legal fees Associated with Matters in |
(1.2 | ) | - | ||||||||||||||
|
Impairments Related to Matters in |
(12.9 | ) | - | ||||||||||||||
| Effect of Legacy Tax Matters | 0.1 | 0.2 | |||||||||||||||
| Gain (Loss) on Sale of Businesses | 6.0 | - | |||||||||||||||
| Gain (Loss) on Investment | - | (3.2 | ) | ||||||||||||||
| Total Pre-Tax Impacts | $ | (25.5 | ) | $ | (17.1 | ) | |||||||||||
| (5 | ) | The following table reconciles Net Income (Loss) Attributable to the Noncontrolling Interest Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Net Income (Loss) Attributable to the Noncontrolling Interest - GAAP Results (Schedule 1) | $ | (0.7 | ) | $ | 1.6 | ||||||||||||
| Minority Share of Gain on Sale of Business | (0.9 | ) | - | ||||||||||||||
|
Impairments Related to Matters in |
0.8 | - | |||||||||||||||
| Net Income (Loss) Attributable to the Noncontrolling Interest - Before Non-Core Gains and Charges (Schedule 2) | $ | (0.6 | ) | $ | 1.6 | ||||||||||||
| (6 | ) | The following table reconciles Net Income Attributable to D&B included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| Amounts in millions | 2012 | 2011 | |||||||||||||||
| Net Income Attributable to D&B - GAAP Results (Schedule 1) | $ | 63.4 | $ | 49.9 | |||||||||||||
| Restructuring Charges | (5.7 | ) | (2.7 | ) | |||||||||||||
|
|
(6.1 | ) | (8.0 | ) | |||||||||||||
|
Legal fees Associated with Matters in |
(0.7 | ) | - | ||||||||||||||
|
Impairments Related to Matters in |
(12.1 | ) | - | ||||||||||||||
| Gain (Loss) on Investment | - | (3.9 | ) | ||||||||||||||
| Gain (Loss) on Sale of Businesses | 8.8 | - | |||||||||||||||
| Minority Share of Gain on Sale of Business | (0.9 | ) | - | ||||||||||||||
| Tax Benefit on a Loss on the Tax Basis of a Legal Entity | 14.9 | - | |||||||||||||||
| After-Tax Impact | (1.8 | ) | (14.6 | ) | |||||||||||||
| Net Income Attributable to D&B - Before Non-Core Gains and Charges (Schedule 2) | $ | 65.2 | $ | 64.5 | |||||||||||||
| (7 | ) | The following table reconciles Diluted Earnings Per Share Attributable to D&B included in Schedule 1 and Schedule 2: | |||||||||||||||
| Quarter Ended | |||||||||||||||||
|
|
|||||||||||||||||
| 2012 | 2011 | ||||||||||||||||
| Diluted EPS Attributable to D&B - GAAP Results (Schedule 1) | $ | 1.32 | $ | 1.00 | |||||||||||||
| Restructuring Charges | (0.12 | ) | (0.05 | ) | |||||||||||||
|
|
(0.13 | ) | (0.16 | ) | |||||||||||||
|
Legal fees Associated with Matters in |
(0.01 | ) | - | ||||||||||||||
|
Impairments Related to Matters in |
(0.24 | ) | - | ||||||||||||||
| Gain (Loss) on Investment | - | (0.08 | ) | ||||||||||||||
| Minority Share of Gain on Sale of Business | (0.02 | ) | - | ||||||||||||||
| Gain (Loss) on Sale of Businesses | 0.18 | - | |||||||||||||||
| Tax Benefit on a Loss on the Tax Basis of a Legal Entity | 0.31 | - | |||||||||||||||
| Diluted EPS Attributable to D&B - Before Non-Core Gains and Charges (Schedule 2) | $ | 1.35 | $ | 1.29 | |||||||||||||
|
N/M - Not Meaningful |
|
The following defines the non-GAAP measures used to evaluate performance: |
|
*Total revenue excluding the revenue of divested businesses is referred to as "core revenue." Core revenue includes the revenue from acquired businesses from the date of acquisition |
|
*Core revenue growth, excluding the effects of foreign exchange, is referred to as "core revenue growth before the effects of foreign exchange." We also separately, from time to time, analyze core revenue growth before the effects of foreign exchange among two components, "organic core revenue growth" and "core revenue growth from acquisitions" |
|
*Results (such as operating income, operating income growth, operating margin, net income, tax rate and diluted earnings per share) exclude Restructuring Charges (whether recurring or non-recurring) and certain other items that we consider do not reflect our underlying business performance. We refer to these Restructuring Charges and other items as "non-core gains and (charges)" |
|
* Net cash provided by operating activities minus capital expenditures and additions to computer software and other intangibles is referred to as "free cash flow" |
|
This financial information should be read in conjunction with
the consolidated financial statements and related notes of |
|
|
Schedule 4 | ||||||||||||||||||||||||||||
| Supplemental GAAP Financial Data (unaudited) | |||||||||||||||||||||||||||||
| Quarter Ended | Effects of | ||||||||||||||||||||||||||||
|
|
AFX | Foreign | BFX | ||||||||||||||||||||||||||
| % Change | Exchange | % Change | |||||||||||||||||||||||||||
|
Amounts in millions |
2012 | 2011 | Fav/(Unfav) | Fav/(Unfav) | Fav/(Unfav) | ||||||||||||||||||||||||
| Geographic and Customer Solution Set Revenue: | |||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
| Risk Management Solutions | $ | 170.2 | $ | 178.7 | (5 | )% | 0 | % | (5 | )% | |||||||||||||||||||
| Sales & Marketing Solutions | 86.1 | 81.8 | 5 | % | 0 | % | 5 | % | |||||||||||||||||||||
| Internet Solutions | 29.2 | 28.0 | 5 | % | 0 | % | 5 | % | |||||||||||||||||||||
| Subtotal Core Revenue | 285.5 | 288.5 | (1 | )% | 0 | % | (1 | )% | |||||||||||||||||||||
| Divested Business 1 | - | 2.7 | (100 | )% | 0 | % | (100 | )% | |||||||||||||||||||||
| Total North America Revenue | 285.5 | 291.2 | (2 | )% | 0 | % | (2 | )% | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
| Risk Management Solutions | $ | 35.1 | $ | 32.2 | 9 | % | 2 | % | 7 | % | |||||||||||||||||||
| Sales & Marketing Solutions | 11.9 | 8.2 | 44 | % | 0 | % | 44 | % | |||||||||||||||||||||
| Internet Solutions | 0.2 | 0.2 | (14 | )% | (8 | )% | (6 | )% | |||||||||||||||||||||
| Subtotal Core Revenue | 47.2 | 40.6 | 16 | % | 1 | % | 15 | % | |||||||||||||||||||||
| Divested Business 1 | 12.7 | 15.5 | (18 | )% | 4 | % | (22 | )% | |||||||||||||||||||||
| Total Asia Pacific Revenue | 59.9 | 56.1 | 7 | % | 3 | % | 4 | % | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
| Risk Management Solutions | $ | 47.7 | $ | 46.7 | 2 | % | (1 | )% | 3 | % | |||||||||||||||||||
| Sales & Marketing Solutions | 9.0 | 9.0 | 0 | % | (2 | )% | 2 | % | |||||||||||||||||||||
| Internet Solutions | 0.7 | 0.6 | 21 | % | (2 | )% | 23 | % | |||||||||||||||||||||
| Subtotal Core Revenue | 57.4 | 56.3 | 2 | % | (1 | )% | 3 | % | |||||||||||||||||||||
| Divested Business 1 | - | - | 0 | % | 0 | % | 0 | % | |||||||||||||||||||||
|
Total |
57.4 | 56.3 | 2 | % | (1 | )% | 3 | % | |||||||||||||||||||||
| International | |||||||||||||||||||||||||||||
| Risk Management Solutions | $ | 82.8 | $ | 78.9 | 5 | % | 0 | % | 5 | % | |||||||||||||||||||
| Sales & Marketing Solutions | 20.9 | 17.2 | 21 | % | (1 | )% | 22 | % | |||||||||||||||||||||
| Internet Solutions | 0.9 | 0.8 | 11 | % | (4 | )% | 15 | % | |||||||||||||||||||||
| Subtotal Core Revenue | 104.6 | 96.9 | 8 | % | 0 | % | 8 | % | |||||||||||||||||||||
| Divested Business 1 | 12.7 | 15.5 | (18 | )% | 4 | % | (22 | )% | |||||||||||||||||||||
| Total International Revenue | 117.3 | 112.4 | 4 | % | 0 | % | 4 | % | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
| Risk Management Solutions | $ | 253.0 | $ | 257.6 | (2 | )% | 0 | % | (2 | )% | |||||||||||||||||||
| Sales & Marketing Solutions | 107.0 | 99.0 | 8 | % | 0 | % | 8 | % | |||||||||||||||||||||
| Internet Solutions | 30.1 | 28.8 | 5 | % | 0 | % | 5 | % | |||||||||||||||||||||
| Subtotal Core Revenue | 390.1 | 385.4 | 1 | % | 0 | % | 1 | % | |||||||||||||||||||||
| Divested Business 1 | 12.7 | 18.2 | (30 | )% | 4 | % | (34 | )% | |||||||||||||||||||||
| Total Corporation Revenue | 402.8 | 403.6 | 0 | % | 0 | % | 0 | % | |||||||||||||||||||||
| Operating Costs: | |||||||||||||||||||||||||||||
| Operating Expenses | $ | 144.6 | $ | 137.2 | (5 | )% | |||||||||||||||||||||||
| Selling and Administrative Expenses | 154.5 | 153.5 | (1 | )% | |||||||||||||||||||||||||
| Depreciation and Amortization | 20.2 | 19.4 | (4 | )% | |||||||||||||||||||||||||
| Restructuring Expense | 9.1 | 4.2 | N/M | ||||||||||||||||||||||||||
|
Total Operating Costs 2 |
$ | 328.4 | $ | 314.3 | (5 | )% | |||||||||||||||||||||||
| Capital Expenditures 3 | $ | 0.5 | $ | 1.3 | 61 | % | |||||||||||||||||||||||
|
Additions to |
$ | 14.8 | $ | 8.2 | (81 | )% | |||||||||||||||||||||||
| Quarter Ended | |||||||||||||||||||||||||||||
| Amounts in millions |
|
|
|
|
|
||||||||||||||||||||||||
| Net Debt Position: | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $ | 117.7 | $ | 84.4 | $ | 89.5 | $ | 83.1 | $ | 83.6 | |||||||||||||||||||
| Short-Term Debt | (1.0 | ) | (1.1 | ) | (188.6 | ) | (160.9 | ) | (2.1 | ) | |||||||||||||||||||
| Long-Term Debt | (841.8 | ) | (963.9 | ) | (704.6 | ) | (700.6 | ) | (888.6 | ) | |||||||||||||||||||
| Net Debt | $ | (725.1 | ) | $ | (880.6 | ) | $ | (803.7 | ) | $ | (778.4 | ) | $ | (807.1 | ) | ||||||||||||||
| Year-To-Date | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| Amounts in millions |
|
|
Fav/(Unfav) | ||||||||||||||||||||||||||
|
Free |
|||||||||||||||||||||||||||||
| Net Cash Provided By Operating Activities (GAAP Results) | $ | 167.3 | $ | 135.9 | 23 | % | |||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||
| Capital Expenditures (GAAP Results) 3 | 0.5 | 1.3 | 61 | % | |||||||||||||||||||||||||
|
Additions to |
14.8 | 8.2 | (81 | )% | |||||||||||||||||||||||||
|
Free |
$ | 152.0 | $ | 126.4 | 20 | % | |||||||||||||||||||||||
| Legacy Tax Matters (Refund) Payment | - | (7.6 | ) | N/M | |||||||||||||||||||||||||
| Free Cash Flow Excluding Legacy Tax Matters | $ | 152.0 | $ | 118.8 | 28 | % | |||||||||||||||||||||||
| Year-To-Date | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| Amounts in millions |
|
|
Fav/(Unfav) | ||||||||||||||||||||||||||
| Net Cash Provided By Operating Activities excluding Legacy Tax Matters: | |||||||||||||||||||||||||||||
| Net Cash Provided By Operating Activities (GAAP Results) | $ | 167.3 | $ | 135.9 | 23 | % | |||||||||||||||||||||||
| Legacy Tax Matters (Refund) Payment | - | (7.6 | ) | N/M | |||||||||||||||||||||||||
| Net Cash Provided By Operating Activities Excluding Legacy Tax Matters | $ | 167.3 | $ | 128.3 | 30 | % | |||||||||||||||||||||||
| Notes: | |||||||||
| Quarter Ended | |||||||||
|
|
|||||||||
| 2012 | 2011 | ||||||||
| 1 | Divested Business: | ||||||||
|
|
|||||||||
| Risk Management Solutions |
|
|
|||||||
| Sales & Marketing Solutions | 0.0 | 0.7 | |||||||
| Internet Solutions | 0.0 | 1.1 | |||||||
| Total Divested Business |
|
|
|||||||
|
|
|||||||||
| Risk Management Solutions |
|
|
|||||||
| Sales & Marketing Solutions | 4.0 | 7.5 | |||||||
| Internet Solutions | 0.0 | 0.0 | |||||||
| Total Divested Business |
|
|
|||||||
|
|
|||||||||
| Risk Management Solutions |
|
|
|||||||
| Sales & Marketing Solutions | 0.0 | 0.0 | |||||||
| Internet Solutions | 0.0 | 0.0 | |||||||
| Total Divested Business |
|
|
|||||||
|
|
|||||||||
| Risk Management Solutions |
|
|
|||||||
| Sales & Marketing Solutions | 4.0 | 8.2 | |||||||
| Internet Solutions | 0.0 | 1.1 | |||||||
| Total Divested Business |
|
|
|||||||
| 2 |
|
||||||||
| Operating Expenses |
|
|
|||||||
| Selling and Administrative Expenses | (1.6) | 1.3 | |||||||
| Depreciation and Amortization | 0.4 | 0.6 | |||||||
| Total Operating Costs |
|
|
|||||||
| 3 |
|
||||||||
| Capital Expenditures |
|
|
|||||||
|
Additions to |
|
|
|||||||
| AFX - After Effects of Foreign Exchange |
| BFX - Before Effects of Foreign Exchange |
| N/M - Not Meaningful |
|
This financial information should be read in conjunction with
the consolidated financial statements and related notes of The Dun &
|
|
|
Schedule 5 | ||||||||||||||||||||||||
| GAAP Revenue Reconciliation and Detail (unaudited) | |||||||||||||||||||||||||
|
Quarter Ended |
|||||||||||||||||||||||||
| Traditional/VAPs as a | |||||||||||||||||||||||||
| AFX | Effects of | BFX | % of Total Customer Solution Sets/Core | ||||||||||||||||||||||
| % Change | Foreign | % Change | 2012 | 2011 | |||||||||||||||||||||
| Fav/(Unfav) | Exchange | Fav/(Unfav) | % Product Line/Core | % Product Line/Core | |||||||||||||||||||||
|
Revenue: |
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
| Risk Management Solutions: | |||||||||||||||||||||||||
| Traditional | (3)% | 0% | (3)% | 72% | 43% | 70% | 44% | ||||||||||||||||||
| VAPs | (11)% | 0% | (11)% | 20% | 12% | 22% | 13% | ||||||||||||||||||
| Supply Management Solutions | (7)% | 0% | (7)% | 8% | 5% | 8% | 5% | ||||||||||||||||||
| Total Risk Management Solutions | (5)% | 0% | (5)% | 60% | 62% | ||||||||||||||||||||
| Sales & Marketing Solutions: | |||||||||||||||||||||||||
| Traditional | (6)% | 0% | (6)% | 26% | 8% | 29% | 8% | ||||||||||||||||||
| VAPs | 10% | 0% | 10% | 74% | 22% | 71% | 20% | ||||||||||||||||||
| Total Sales & Marketing Solutions | 5% | 0% | 5% | 30% | 28% | ||||||||||||||||||||
| Internet Solutions | 5% | 0% | 5% | 10% | 10% | ||||||||||||||||||||
| Core Revenue | (1)% | 0% | (1)% | ||||||||||||||||||||||
| Divested Business | (100)% | 0% | (100)% | ||||||||||||||||||||||
|
|
(2)% | 0% | (2)% | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
| Risk Management Solutions: | |||||||||||||||||||||||||
| Traditional | 14% | 2% | 12% | 91% | 68% | 87% | 70% | ||||||||||||||||||
| VAPs | (20)% | 1% | (21)% | 9% | 7% | 13% | 10% | ||||||||||||||||||
| Supply Management Solutions | 0% | 0% | 0% | 0% | 0% | 0% | 0% | ||||||||||||||||||
| Total Risk Management Solutions | 9% | 2% | 7% | 75% | 80% | ||||||||||||||||||||
| Sales & Marketing Solutions: | |||||||||||||||||||||||||
| Traditional | 33% | (1)% | 34% | 81% | 20% | 88% | 18% | ||||||||||||||||||
| VAPs | N/M | N/M | N/M | 19% | 5% | 12% | 2% | ||||||||||||||||||
| Total Sales & Marketing Solutions | 44% | 0% | 44% | 25% | 20% | ||||||||||||||||||||
| Internet Solutions | (14)% | (8)% | (6)% | 0% | 0% | ||||||||||||||||||||
| Core Revenue | 16% | 1% | 15% | ||||||||||||||||||||||
| Divested Business | (18)% | 4% | (22)% | ||||||||||||||||||||||
|
Total |
7% | 3% | 4% | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
| Risk Management Solutions: | |||||||||||||||||||||||||
| Traditional | (2)% | (1)% | (1)% | 79% | 66% | 82% | 68% | ||||||||||||||||||
| VAPs | 18% | (1)% | 19% | 19% | 16% | 16% | 14% | ||||||||||||||||||
| Supply Management Solutions | 65% | (6)% | 71% | 2% | 1% | 2% | 1% | ||||||||||||||||||
| Total Risk Management Solutions | 2% | (1)% | 3% | 83% | 83% | ||||||||||||||||||||
| Sales & Marketing Solutions: | |||||||||||||||||||||||||
| Traditional | (4)% | (1)% | (3)% | 63% | 10% | 67% | 11% | ||||||||||||||||||
| VAPs | 9% | (1)% | 10% | 37% | 6% | 33% | 5% | ||||||||||||||||||
| Total Sales & Marketing Solutions | 0% | (2)% | 2% | 16% | 16% | ||||||||||||||||||||
| Internet Solutions | 21% | (2)% | 23% | 1% | 1% | ||||||||||||||||||||
| Core Revenue | 2% | (1)% | 3% | ||||||||||||||||||||||
| Divested Business | 0% | 0% | 0% | ||||||||||||||||||||||
|
Total |
2% | (1)% | 3% | ||||||||||||||||||||||
| International: | |||||||||||||||||||||||||
| Risk Management Solutions: | |||||||||||||||||||||||||
| Traditional | 5% | 0% | 5% | 84% | 66% | 84% | 69% | ||||||||||||||||||
| VAPs | 5% | 0% | 5% | 15% | 12% | 15% | 12% | ||||||||||||||||||
| Supply Management Solutions | 65% | (6)% | 71% | 1% | 1% | 1% | 0% | ||||||||||||||||||
| Total Risk Management Solutions | 5% | 0% | 5% | 79% | 81% | ||||||||||||||||||||
| Sales & Marketing Solutions: | |||||||||||||||||||||||||
| Traditional | 17% | 0% | 17% | 73% | 15% | 77% | 14% | ||||||||||||||||||
| VAPs | 37% | 0% | 37% | 27% | 5% | 23% | 4% | ||||||||||||||||||
| Total Sales & Marketing Solutions | 21% | (1)% | 22% | 20% | 18% | ||||||||||||||||||||
| Internet Solutions | 11% | (4)% | 15% | 1% | 1% | ||||||||||||||||||||
| Core Revenue | 8% | 0% | 8% | ||||||||||||||||||||||
| Divested Business | (18)% | 4% | (22)% | ||||||||||||||||||||||
|
|
4% | 0% | 4% | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
| Risk Management Solutions: | |||||||||||||||||||||||||
| Traditional | 0% | 0% | 0% | 76% | 49% | 75% | 50% | ||||||||||||||||||
| VAPs | (8)% | 0% | (8)% | 19% | 12% | 20% | 13% | ||||||||||||||||||
| Supply Management Solutions | (4)% | 0% | (4)% | 5% | 4% | 5% | 4% | ||||||||||||||||||
| Total Risk Management Solutions | (2)% | 0% | (2)% | 65% | 67% | ||||||||||||||||||||
| Sales & Marketing Solutions: | |||||||||||||||||||||||||
| Traditional | 2% | (1)% | 3% | 35% | 9% | 37% | 10% | ||||||||||||||||||
| VAPs | 11% | 0% | 11% | 65% | 18% | 63% | 16% | ||||||||||||||||||
| Total Sales & Marketing Solutions | 8% | 0% | 8% | 27% | 26% | ||||||||||||||||||||
| Internet Solutions | 5% | 0% | 5% | 8% | 7% | ||||||||||||||||||||
| Core Revenue | 1% | 0% | 1% | ||||||||||||||||||||||
| Divested Business | (30)% | 4% | (34)% | ||||||||||||||||||||||
| Total Revenue | 0% | 0% | 0% | ||||||||||||||||||||||
| AFX - After Effects of Foreign Exchange |
| BFX - Before Effects of Foreign Exchange |
| N/M - Not Meaningful |
|
This financial information should be read in conjunction
with the consolidated financial statements and related notes of
|
|
|
Schedule 6 | |||||||||||||||||||||
| Quarter Ended | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| % of Core Product Line | 2012 | 2011 | 2011 | 2011 | 2011 | 2010 | 2010 | 2010 | 2010 | 2009 | ||||||||||||
| North America Risk Management Solutions | ||||||||||||||||||||||
| Subscription 1 | 73% | 66% | 69% | 72% | 72% | 67% | 69% | 72% | 72% | 69% | ||||||||||||
| Non-Subscription 1 | 27% | 34% | 31% | 28% | 28% | 33% | 31% | 28% | 28% | 31% | ||||||||||||
| North America Risk Management Solutions | ||||||||||||||||||||||
| DNBi 2 | 63% | 57% | 59% | 61% | 60% | 57% | 59% | 60% | 59% | 54% | ||||||||||||
| Non-DNBi 2 | 37% | 43% | 41% | 39% | 40% | 43% | 41% | 40% | 41% | 46% | ||||||||||||
| Notes: | ||
| 1 We define Subscription and Non-Subscription revenue as follows: | ||
|
- Subscription revenue represents contracts that allow customers unlimited use within predefined ranges, subject to certain conditions. In these instances, we recognize revenue ratably over the term of the contract, which is generally one year. |
||
| - Non-Subscription revenue represents all other revenue streams. | ||
| 2 We define DNBi and Non-DNBi revenue as follows: | ||
| - DNBi, is our interactive, customizable online application that offers our customers real time access to our most complete and up-to-date global DUNSRight information, comprehensive monitoring and portfolio analysis. | ||
| - Non-DNBi revenue represents all other revenue streams. | ||
|
This financial information should be read in conjunction with
the consolidated financial statements and related notes of The Dun &
|
||
|
|
Schedule 7 | ||||||||||||||||||||||||||||||||||||||||||||
| Effect of Divested Businesses on Total Revenue | |||||||||||||||||||||||||||||||||||||||||||||
| Amounts in Millions | |||||||||||||||||||||||||||||||||||||||||||||
|
Quarter Ended |
Quarter Ended |
Quarter Ended |
Quarter Ended |
Full Year Ended |
|||||||||||||||||||||||||||||||||||||||||
| Divested | Divested | Divested | Divested | Divested | |||||||||||||||||||||||||||||||||||||||||
| and | and | and | and | and | |||||||||||||||||||||||||||||||||||||||||
| Total | Segment | Shut-Down | Core | Total | Segment | Shut-Down | Core |
Total |
Segment | Shut-Down | Core | Total | Segment | Shut-Down | Core | Total | Segment | Shut-Down | Core | ||||||||||||||||||||||||||
| Revenue | Change | Businesses* | Revenue | Revenue | Change | Businesses* | Revenue |
Revenue |
Change | Businesses* | Revenue | Revenue | Change | Businesses* | Revenue | Revenue | Change | Businesses* | Revenue | ||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| Risk Management Solutions | 179.6 | - | 0.9 | 178.7 | 177.8 | - | 0.2 | 177.6 | 183.5 | - | - | 183.5 | 189.9 | - | - | 189.9 | 730.8 | - | 1.1 | 729.7 | |||||||||||||||||||||||||
| Sales & Marketing Solutions | 82.5 | - | 0.7 | 81.8 | 80.7 | - | 1.0 | 79.7 | 92.9 | - | 1.4 | 91.5 | 139.9 | - | 0.6 | 139.3 | 396.0 | - | 3.7 | 392.3 | |||||||||||||||||||||||||
| Internet Solutions | 29.1 | - | 1.1 | 28.0 | 29.8 | - | 1.1 | 28.7 | 30.6 | - | 0.9 | 29.7 | 30.5 | - | 0.8 | 29.7 | 120.0 | - | 3.9 | 116.1 | |||||||||||||||||||||||||
|
|
291.2 | - | 2.7 | 288.5 | 288.3 | - | 2.3 | 286.0 | 307.0 | - | 2.3 | 304.7 | 360.3 | - | 1.4 | 358.9 | 1,246.8 | - | 8.7 | 1,238.1 | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| Risk Management Solutions | 37.2 | 3.0 | 8.0 | 32.2 | 44.0 | 2.1 | 9.2 | 36.9 | 47.2 | 1.8 | 10.1 | 38.9 | 45.9 | 2.0 | 10.1 | 37.8 | 174.3 | 8.9 | 37.4 | 145.8 | |||||||||||||||||||||||||
| Sales & Marketing Solutions | 15.7 | - | 11.6 | 4.1 | 22.3 | - | 17.1 | 5.2 | 20.3 | - | 16.2 | 4.1 | 25.8 | - | 19.8 | 6.0 | 84.1 | - | 64.7 | 19.4 | |||||||||||||||||||||||||
| Internet Solutions | 0.2 | - | - | 0.2 | 0.3 | - | - | 0.3 | 0.2 | - | - | 0.2 | 0.3 | - | 0.1 | 0.2 | 1.0 | - | 0.1 | 0.9 | |||||||||||||||||||||||||
|
Total |
53.1 | 3.0 | 19.6 | 36.5 | 66.6 | 2.1 | 26.3 | 42.4 | 67.7 | 1.8 | 26.3 | 43.2 | 72.0 | 2.0 | 30.0 | 44.0 | 259.4 | 8.9 | 102.2 | 166.1 | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| Risk Management Solutions | 49.7 | (3.0 | ) | - | 46.7 | 52.6 | (2.1 | ) | - | 50.5 | 52.4 | (1.8 | ) | - | 50.6 | 54.5 | (2.0 | ) | - | 52.5 | 209.2 | (8.9 | ) | - | 200.3 | ||||||||||||||||||||
| Sales & Marketing Solutions | 9.0 | - | - | 9.0 | 8.8 | - | - | 8.8 | 11.6 | - | - | 11.6 | 11.4 | - | - | 11.4 | 40.8 | - | - | 40.8 | |||||||||||||||||||||||||
| Internet Solutions | 0.6 | - | - | 0.6 | 0.5 | - | - | 0.5 | 0.7 | - | - | 0.7 | 0.5 | - | - | 0.5 | 2.3 | - | - | 2.3 | |||||||||||||||||||||||||
|
Total |
59.3 | (3.0 | ) | - | 56.3 | 61.9 | (2.1 | ) | - | 59.8 | 64.7 | (1.8 | ) | - | 62.9 | 66.4 | (2.0 | ) | - | 64.4 | 252.3 | (8.9 | ) | - | 243.4 | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| Risk Management Solutions | 86.9 | - | 8.0 | 78.9 | 96.6 | - | 9.2 | 87.4 | 99.6 | - | 10.1 | 89.5 | 100.4 | - | 10.1 | 90.3 | 383.5 | - | 37.4 | 346.1 | |||||||||||||||||||||||||
| Sales & Marketing Solutions | 24.7 | - | 11.6 | 13.1 | 31.1 | - | 17.1 | 14.0 | 31.9 | - | 16.2 | 15.7 | 37.2 | - | 19.8 | 17.4 | 124.9 | - | 64.7 | 60.2 | |||||||||||||||||||||||||
| Internet Solutions | 0.8 | - | - | 0.8 | 0.8 | - | - | 0.8 | 0.9 | - | - | 0.9 | 0.8 | - | 0.1 | 0.7 | 3.3 | - | 0.1 | 3.2 | |||||||||||||||||||||||||
|
|
112.4 | - | 19.6 | 92.8 | 128.5 | - | 26.3 | 102.2 | 132.4 | - | 26.3 | 106.1 | 138.4 | - | 30.0 | 108.4 | 511.7 | - | 102.2 | 409.5 | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| Risk Management Solutions | 266.5 | - | 8.9 | 257.6 | 274.4 | - | 9.4 | 265.0 | 283.1 | - | 10.1 | 273.0 | 290.3 | - | 10.1 | 280.2 | 1,114.3 | - | 38.5 | 1,075.8 | |||||||||||||||||||||||||
| Sales & Marketing Solutions | 107.2 | - | 12.3 | 94.9 | 111.8 | - | 18.1 | 93.7 | 124.8 | - | 17.6 | 107.2 | 177.1 | - | 20.4 | 156.7 | 520.9 | - | 68.4 | 452.5 | |||||||||||||||||||||||||
| Internet Solutions | 29.9 | - | 1.1 | 28.8 | 30.6 | - | 1.1 | 29.5 | 31.5 | - | 0.9 | 30.6 | 31.3 | - | 0.9 | 30.4 | 123.3 | - | 4.0 | 119.3 | |||||||||||||||||||||||||
| Total Corporation Revenue | 403.6 | - | 22.3 | 381.3 | 416.8 | - | 28.6 | 388.2 | 439.4 | - | 28.6 | 410.8 | 498.7 | - | 31.4 | 467.3 | 1,758.5 | - | 110.9 | 1,647.6 | |||||||||||||||||||||||||
| * Divested Businesses Reflected in our Guidance in February: | |||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| - Purisma | 0.7 | 1.0 | 1.4 | 0.6 | 3.7 | ||||||||||||||||||||||||||||||||||||||||
| - Small supply management consulting business | 0.9 | 0.2 | - | - | 1.1 | ||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
- Market research business in |
3.2 | 3.4 | 4.7 | 4.7 | 16.0 | ||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
- Domestic portion of our |
12.3 | 17.2 | 15.9 | 18.8 | 64.2 | ||||||||||||||||||||||||||||||||||||||||
| Divested Revenue Reflected in our Guidance in February | 17.1 | 21.8 | 22.0 | 24.1 | 85.0 | ||||||||||||||||||||||||||||||||||||||||
| * Revised Divested and Shut-Down Businesses Revenue for Revised Guidance: | |||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| - AllBusiness | 1.1 | 1.1 | 0.9 | 0.8 | 3.9 | ||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
| - Roadway China | 4.1 | 5.7 | 5.7 | 6.5 | 22.0 | ||||||||||||||||||||||||||||||||||||||||
| Total Revised Divested and Shut-Down Businesses Revenue | 22.3 | 28.6 | 28.6 | 31.4 | 110.9 | ||||||||||||||||||||||||||||||||||||||||
|
Quarter Ended |
|||||||||||
| Divested | |||||||||||
| and | |||||||||||
| Total | Segment | Shut-Down | Core | ||||||||
| Revenue | Change | Businesses* | Revenue | ||||||||
|
|
|||||||||||
| Risk Management Solutions | 170.3 | - | - | 170.3 | |||||||
| Sales & Marketing Solutions | 86.1 | - | - | 86.1 | |||||||
| Internet Solutions | 29.1 | - | - | 29.1 | |||||||
|
|
285.5 | - | - | 285.5 | |||||||
|
|
|||||||||||
| Risk Management Solutions | 43.8 | - | 8.7 | 35.1 | |||||||
| Sales & Marketing Solutions | 15.9 | - | 9.4 | 6.5 | |||||||
| Internet Solutions | 0.2 | - | - | 0.2 | |||||||
|
Total |
59.9 | - | 18.1 | 41.8 | |||||||
|
|
|||||||||||
| Risk Management Solutions | 47.7 | - | - | 47.7 | |||||||
| Sales & Marketing Solutions | 9.0 | - | - | 9.0 | |||||||
| Internet Solutions | 0.7 | - | - | 0.7 | |||||||
|
Total |
57.4 | - | - | 57.4 | |||||||
|
|
|||||||||||
| Risk Management Solutions | 91.5 | - | 8.7 | 82.8 | |||||||
| Sales & Marketing Solutions | 24.9 | - | 9.4 | 15.5 | |||||||
| Internet Solutions | 0.9 | - | - | 0.9 | |||||||
|
|
117.3 | - | 18.1 | 99.2 | |||||||
|
|
|||||||||||
| Risk Management Solutions | 261.8 | - | 8.7 | 253.1 | |||||||
| Sales & Marketing Solutions | 111.0 | - | 9.4 | 101.6 | |||||||
| Internet Solutions | 30.0 | - | - | 30.0 | |||||||
| Total Corporation Revenue | 402.8 | - | 18.1 | 384.7 | |||||||
| * Revised Divested and Shut-Down Businesses Revenue for Revised Guidance: | |||||||||||
|
|
|||||||||||
|
- Domestic portion of our |
12.7 | ||||||||||
| - Roadway China | 5.4 | ||||||||||
| Total Revised Divested and Shut-Down Businesses Revenue | 18.1 | ||||||||||
|
This financial information should be read in conjunction with
the consolidated financial statements and related notes of The Dun &
Bradstreet Corporation contained in filings with the
|
D&B
512-578-8016
pcolpitts@dnb.com
or
973-921-5914
sachsr@dnb.com
Source: D&B
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