XML 24 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 179.9 $ 245.8 $ 108.8
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 365.0 270.7 236.2
Amortization of debt issuance costs and original issue discount 3.9 3.4 2.9
Loss on extinguishment of debt 2.5    
Deferred income taxes, net (17.0) (20.6) (3.7)
Equity in (earnings) losses of unconsolidated affiliates, net of tax (2.6) (67.1) 74.0
Equity-based compensation 41.7 39.4 50.8
Changes in assets and liabilities, net of acquired assets and liabilities:      
Trade receivables, including receivables from related parties (5.9) 6.0 5.9
Prepaid expenses and other assets (42.5) (3.6) (0.6)
Deferred contract costs (57.9) (46.9) (40.9)
Deferred revenues (3.9) (20.7) (15.6)
Trade accounts payable and other liabilities (13.3) 9.0 (39.5)
Net cash provided by operating activities 449.9 415.4 378.3
Cash flows from investing activities:      
Additions to property and equipment (28.5) (23.9) (22.4)
Additions to software (85.1) (89.3) (81.5)
Business acquisitions, net of cash acquired (302.6) (1,869.4) (52.8)
Investment in Dun & Bradstreet Holdings, Inc. ("DNB") 0.0 (100.0) (392.6)
Asset acquisitions (10.0) (15.0)  
Other investing activities (3.6) 8.4 (1.7)
Net cash used in investing activities (429.8) (2,089.2) (551.0)
Cash flows from financing activities:      
Net proceeds from issuance of common stock, before offering expenses 0.0 484.6  
Costs directly associated with issuance of common stock 0.0 (0.4)  
Issuance of senior unsecured notes, net of original issue discount 0.0 990.0  
Revolver borrowings 660.4 600.6 876.0
Revolver payments (452.1) (862.9) (648.5)
Term loan borrowings 1.6    
Term loan payments 0.0 (54.7) (31.3)
Contributions received for redeemable noncontrolling interests 0.0 578.0  
Purchases of treasury stock (146.7)   (11.9)
Tax withholding payments for restricted share vesting (25.6) (22.4) (15.9)
Finance lease payments (3.6) (13.0)  
Debt issuance costs paid (7.7) (2.4)  
Other financing activities (4.0) (4.3) (0.6)
Net cash provided by financing activities 22.3 1,693.1 167.8
Net increase (decrease) in cash and cash equivalents 42.4 19.3 (4.9)
Cash and cash equivalents, beginning of period 34.7 15.4 20.3
Cash and cash equivalents, end of period $ 77.1 $ 34.7 $ 15.4