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Investments in Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Summarized consolidated financial information for DNB (Successor) and Star Parent (Predecessor) is presented below (in millions):


	December 31,
	2021		2020
Current assets	$	718.0	$	874.4
Non-current assets		9,279.2		8,345.9
Total assets	$	9,997.2	$	9,220.3

Current liabilities, including short-term debt	$	1,004.9	$	828.1
Non-current liabilities		5,247.0		4,808.3
Total liabilities		6,251.9		5,636.4
Total equity		3,745.3		3,583.9
Total liabilities and shareholders' equity	$	9,997.2	$	9,220.3


					For the period
	Year ended December 31,				February 8 to
	2021		2020		December 31, 2019

Revenues	$	2,165.6	$	1,738.7	$	1,413.9
Loss before provision (benefit) for income taxes and equity in net income of affiliates	$	(45.2)	$	(226.4)	$	(540.0)
Net loss	$	(65.9)	$	(111.6)	$	(425.8)
Net loss attributable to DNB (Successor)/ Star Parent (Predecessor)	$	(71.7)	$	(180.6)	$	(546.3)

Equity in (losses) earnings of unconsolidated affiliates

Equity in earnings (losses) of unconsolidated affiliates, net of tax consists of the following (in millions):


	Year ended December 31,
	2021		2020		2019
Equity in losses of unconsolidated affiliates, net of tax	$	(7.3)	$	(26.1)	$	(74.0)
Non-cash gain related to DNB's issuance of common stock, net of tax		9.9		88.2		—
Sale of an equity method investment, net of tax⁽¹⁾		—		5.0		—
Equity in earnings (losses) of unconsolidated affiliates, net of tax	$	2.6	$	67.1	$	(74.0)

(1)

On May 15, 2020, we sold our interest in an equity method investment and recognized a gain of $5.0 million, net of tax, which is included in Equity in earnings (losses) of unconsolidated affiliates, net of tax in our Consolidated Statements of Earnings and Comprehensive Earnings for the year ended December 31, 2020. In connection with the sale, we received $8.4 million in cash at closing and recorded a receivable of $1.8 million. In June 2021, we received the remaining $1.8 million. The original investment was not material to Black Knight.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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