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Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments

Note 11. Segments

 

As discussed in Note 12 – Discontinued Operations, the Global Connect segment has been classified as discontinued operations beginning with the first quarter of 2021. The Company evaluated segment reporting in accordance with ASC 280 “Segment Reporting” and beginning with the first quarter of 2021, the Company concluded that it operates as a single operating segment and a single reportable segment consisting principally of television, radio, online and mobile audience and advertising measurement and corresponding analytics. Nielsen aligns its operating segment in order to conform to management’s internal reporting structure. Nielsen operates as a complete unit - from the conception of a product, through the collection of the data, into the technology and operations, all the way to the data being sold and delivered to the client. The reporting structure of Nielsen is and has historically been centralized under one Chief Operating Decision Maker (“CODM”), who evaluates Nielsen’s operating financial results to assess its performance.

 

Business Segment Information

 

(IN MILLIONS)

 

 

Three Months Ended March 31,

 

 

 

 

 

 

2022

 

 

 

2021

 

 

Revenues

 

$

877

 

 

$

863

 

 

Operating income

 

 

197

 

 

 

253

 

 

Depreciation and amortization

 

 

130

 

 

 

127

 

 

Restructuring charges (1)

 

 

12

 

 

 

—

 

 

Share-based compensation expense

 

 

8

 

 

 

7

 

 

Other items (2)

 

 

25

 

 

 

1

 

 

Adjusted EBITDA (3)

 

$

372

 

 

$

388

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of March 31, 2022

 

$

10,882

 

 

 

 

 

 

 

 

Total assets as of December 31, 2021

 

 

 

 

 

$

10,820

 

 

 

    

 

(1)

For the three months ended March 31, 2022, restructuring charges primarily consist of real estate consolidation.

 

(2)

For the three months ended March 31, 2022, other items primarily consist of business optimization costs and transaction related costs, including costs related to the Proposed Transaction. For the three months ended March 31, 2021, other items primarily consist of business optimization costs and transaction related costs.

 

(3)

The CODM uses Adjusted EBITDA to measure performance and allocate resources from period to period