Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2020

Guarantees [Abstract]

Condensed Consolidated Statement of Comprehensive Income/(Loss)

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income/(Loss) (Unaudited)

For the three months ended March 31, 2020

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	880		$	679		$	—		$	1,559
Cost of revenues, exclusive of depreciation and    amortization shown separately below		—			—			396			325			—			721
Selling, general and administrative expenses, exclusive of          depreciation and amortization shown separately below		1			—			282			232			—			515
Depreciation and amortization		—			—			174			40			—			214
Restructuring charges		—			—			4			7			—			11
Operating income/(loss)		(1	)		—			24			75			—			98
Interest income		—			211			24			11			(245	)		1
Interest expense		—			(91	)		(224	)		(24	)		245			(94	)
Foreign currency exchange transaction gains/(losses), net		—			—			16			(22	)		—			(6	)
Other income/(expense), net		—			—			1			(2	)		—			(1	)
Income/(loss) from continuing operations before income taxes and equity in net income/(loss) of subsidiaries		(1	)		120			(159	)		38			—			(2	)
Benefit/(provision) for income taxes		—			(32	)		22			(1	)		—			(11	)
Equity in net income/(loss) of subsidiaries		(17	)		53			120			—			(156	)		—
Net income/(loss)		(18	)		141			(17	)		37			(156	)		(13	)
Less net income/(loss) attributable to    noncontrolling interests		—			—			—			5			—			5
Net income/(loss) attributable to controlling interest		(18	)		141			(17	)		32			(156	)		(18	)
Total other comprehensive income/(loss)		(125	)		(26	)		(125	)		(136	)		279			(133	)
Other comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			(8	)		—			(8	)
Total other comprehensive income/(loss) attributable to controlling interests		(125	)		(26	)		(125	)		(128	)		279			(125	)
Total comprehensive income/(loss)		(143	)		115			(142	)		(99	)		123			(146	)
Comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			(3	)		—			(3	)
Total comprehensive income/(loss) attributable to controlling interests	$	(143	)	$	115		$	(142	)	$	(96	)	$	123		$	(143	)

Nielsen Holdings plc

Condensed Consolidated Statement of Comprehensive Income/(Loss) (Unaudited)

For the three months ended March 31, 2019

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Elimination			Consolidated
Revenues	$	—		$	—		$	867		$	696		$	—		$	1,563
Cost of revenues, exclusive of depreciation and amortization shown separately below		—			—			376			319			—			695
Selling, general and administrative expenses, exclusive of depreciation and amortization shown separately below		1			—			234			245			—			480
Depreciation and amortization		—			—			145			34			—			179
Restructuring charges		—			—			12			23			—			35
Operating income/(loss)		(1	)		—			100			75			—			174
Interest income		—			184			10			2			(194	)		2
Interest expense		—			(93	)		(190	)		(10	)		194			(99	)
Foreign currency exchange transaction gains/(losses), net		—			—			1			(4	)		—			(3	)
Other income/(expense), net		—			—			(7	)		12			—			5
Income/(loss) from continuing operations before income taxes and equity in net income/(loss) of subsidiaries		(1	)		91			(86	)		75			—			79
Benefit/(provision) for income taxes		—			(25	)		63			(70	)		—			(32	)
Equity in net income/(loss) of subsidiaries		44			56			67			—			(167	)		—
Net income/(loss)		43			122			44			5			(167	)		47
Less net income/(loss) attributable to noncontrolling interests		—			—			—			4			—			4
Net income/(loss) attributable to controlling interests		43			122			44			1			(167	)		43
Total other comprehensive income/(loss) attributable to controlling interests		6			1			6			32			(39	)		6
Total comprehensive income/(loss)		49			123			50			37			(206	)		53
Comprehensive income/(loss) attributable to noncontrolling interests		—			—			—			4			—			4
Total comprehensive income/(loss) attributable to controlling interests	$	49		$	123		$	50		$	33		$	(206	)	$	49

Condensed Consolidated Balance Sheet

Nielsen Holdings plc

Condensed Consolidated Balance Sheet (Unaudited)

March 31, 2020

							Non-
(IN MILLIONS)	Parent		Issuers		Guarantor		Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	11	$	1	$	44	$	303	$	—		$	359
Trade and other receivables, net		—		—		493		689		—			1,182
Prepaid expenses and other current assets		—		—		335		138		—			473
Intercompany receivables		5		1,770		244		55		(2,074	)		—
Total current assets		16		1,771		1,116		1,185		(2,074	)		2,014
Non-current assets													—
Property, plant and equipment, net		—		—		273		153		—			426
Operating lease right-of-use assets		—		—		184		194		—			378
Goodwill		—		—		5,115		864		—			5,979
Other intangible assets, net		—		—		4,305		501		—			4,806
Deferred tax assets		1		—		-		266		—			267
Other non-current assets		—		—		250		73		—			323
Equity investment in subsidiaries		2,002		1,282		3,176		—		(6,460	)		—
Intercompany loans		25		8,887		879		141		(9,932	)		—
Total assets	$	2,044	$	11,940	$	15,298	$	3,377	$	(18,466	)	$	14,193
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	—	$	104	$	467	$	506	$	—		$	1,077
Deferred revenues		—		—		246		156		—			402
Income tax liabilities		—		—		1		34		—			35
Current portion of long-term debt, finance lease    obligations and short-term borrowings		—		868		179		7		—			1,054
Intercompany payables		—		—		1,830		244		(2,074	)		—
Total current liabilities		—		972		2,723		947		(2,074	)		2,568
Non-current liabilities
Long-term debt and finance lease obligations		—		7,274		75		10		—			7,359
Deferred tax liabilities		—		71		876		84		—			1,031
Operating lease liabilities		—		—		209		154		—			363
Intercompany loans		—		—		9,053		879		(9,932	)		—
Other non-current liabilities		—		64		360		217		—			641
Total liabilities		—		8,381		13,296		2,291		(12,006	)		11,962
Total stockholders’ equity		2,044		3,559		2,002		899		(6,460	)		2,044
Noncontrolling interests		—		—		—		187		—			187
Total equity		2,044		3,559		2,002		1,086		(6,460	)		2,231
Total liabilities and equity	$	2,044	$	11,940	$	15,298	$	3,377	$	(18,466	)	$	14,193

Nielsen Holdings plc

Condensed Consolidated Balance Sheet

December 31, 2019

							Non-
(IN MILLIONS)	Parent		Issuers		Guarantor		Guarantor		Elimination			Consolidated
Assets:
Current assets
Cash and cash equivalents	$	2	$	—	$	48	$	404	$	—		$	454
Trade and other receivables, net		—		—		404		699		—			1,103
Prepaid expenses and other current assets		—		—		291		129		—			420
Intercompany receivables		7		1,615		278		69		(1,969	)		-
Total current assets		9		1,615		1,021		1,301		(1,969	)		1,977
Non-current assets													-
Property, plant and equipment, net		—		—		292		174		—			466
Operating lease right-of-use asset		—		—		190		203		—			393
Goodwill		—		—		5,103		890		—			5,993
Other intangible assets, net		—		—		4,370		511		—			4,881
Deferred tax assets		1		—		—		275		—			276
Other non-current assets		—		—		256		77		—			333
Equity investment in subsidiaries		2,170		1,298		4,576		—		(8,044	)		—
Intercompany loans		25		8,887		896		1,605		(11,413	)		—
Total assets	$	2,205	$	11,800	$	16,704	$	5,036	$	(21,426	)	$	14,319
Liabilities and equity:
Current liabilities
Accounts payable and other current liabilities	$	10	$	62	$	517	$	593	$	—		$	1,182
Deferred revenues		—		—		217		128		—			345
Income tax liabilities		—		—		4		56		—			60
Current portion of long-term debt, finance lease obligations and short-term borrowings		—		861		46		7		—			914
Intercompany payables		—		3		1,689		277		(1,969	)		—
Total current liabilities		10		926		2,473		1,061		(1,969	)		2,501
Non-current liabilities
Long-term debt and finance lease obligations		—		7,302		80		13		—			7,395
Operating lease liabilities		—		—		213		157		—			370
Deferred tax liabilities		—		71		887		94		—			1,052
Intercompany loans		—		—		10,516		897		(11,413	)		—
Other non-current liabilities		—		22		365		226		—			613
Total liabilities		10		8,321		14,534		2,448		(13,382	)		11,931
Total shareholders’ equity		2,195		3,479		2,170		2,395		(8,044	)		2,195
Noncontrolling interests		—		—		—		193		—			193
Total equity		2,195		3,479		2,170		2,588		(8,044	)		2,388
Total liabilities and equity	$	2,205	$	11,800	$	16,704	$	5,036	$	(21,426	)	$	14,319

Condensed Consolidated Statement of Cash Flows

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the three months ended March 31, 2020

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash provided by/(used in) operating activities	$	(12	)	$	47		$	(38	)	$	(2	)	$	(5	)
Investing activities:														—
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(14	)		(13	)		(27	)
Proceeds from the sale of subsidiaries and affiliates, net		—			—			—			—			—
Additions to property, plant and equipment and other assets		—			—			(1	)		(3	)		(4	)
Additions to intangible assets		—			—			(84	)		(24	)		(108	)
Other investing activities		—			—			—			(3	)		(3	)
Net cash used in investing activities		—			—			(99	)		(43	)		(142	)
Financing activities:														—
Net borrowings under revolving credit facility		—			—			135			—			135
Repayments of debt		—			(14	)		—			—			(14	)
Cash dividends paid to stockholders		(21	)		—			—			—			(21	)
Activity under share-based compensation plans		—			—			(4	)		—			(4	)
Proceeds from employee stock purchase plan		1			—			—			—			1
Finance leases		—			—			(9	)		(2	)		(11	)
Settlement of intercompany and other financing activities		41			(32	)		11			(24	)		(4	)
Net cash provided by/(used in) financing activities		21			(46	)		133			(26	)		82
Effect of exchange-rate changes on cash and cash equivalents		—			—			—			(30	)		(30	)
Net increase/(decrease) in cash and cash equivalents		9			1			(4	)		(101	)		(95	)
Cash and cash equivalents at beginning of period		2			—			48			404			454
Cash and cash equivalents at end of period	$	11		$	1		$	44		$	303		$	359

Nielsen Holdings plc

Condensed Consolidated Statement of Cash Flows (Unaudited)

For the three months ended March 31, 2019

										Non-
(IN MILLIONS)	Parent			Issuers			Guarantor			Guarantor			Consolidated
Net cash provided by/(used in) operating activities	$	(4	)	$	15		$	40		$	(94	)	$	(43	)
Investing activities:
Acquisition of subsidiaries and affiliates, net of cash acquired		—			—			(11	)		(48	)		(59	)
Proceeds from the sale of subsidiaries and affiliates, net		—			—			—			—			—
Additions to property, plant and equipment and other assets		—			—			(14	)		(16	)		(30	)
Additions to intangible assets		—			—			(76	)		(16	)		(92	)
Other investing activities		—			—			1			—			1
Net cash used in investing activities		—			—			(100	)		(80	)		(180	)
Financing activities:
Net borrowings under revolving credit facility		—			—			263			—			263
Repayments of debt		—			(14	)		—			—			(14	)
Increase/(decrease) in other short-term borrowings		—			—			—			—			—
Cash dividends paid to shareholders		(124	)		—			—			—			(124	)
Activity under share-based compensation plans		—			—			(3	)		—			(3	)
Proceeds from employee stock purchase plan		1			—			—			—			1
Finance leases		—			—			(13	)		(3	)		(16	)
Settlement of intercompany and other financing activities		127			1			(203	)		72			(3	)
Net cash provided by/(used in) financing activities		4			(13	)		44			69			104
Effect of exchange-rate changes on cash and cash equivalents		—			—			(3	)		—			(3	)
Net increase/(decrease) in cash and cash equivalents		—			2			(19	)		(105	)		(122	)
Cash and cash equivalents at beginning of period		3			—			79			442			524
Cash and cash equivalents at end of period	$	3		$	2		$	60		$	337		$	402