XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Condensed Consolidated Statements of Earnings and Comprehensive Earnings        
Revenues $ 386.7 $ 378.0 $ 1,168.4 $ 1,089.0
Expenses:        
Operating expenses 220.9 203.0 645.6 586.2
Depreciation and amortization 93.5 93.6 277.5 271.8
Transition and integration costs 4.1 (1.3) 19.9 10.9
Total expenses 318.5 295.3 943.0 868.9
Operating income 68.2 82.7 225.4 220.1
Other income and expense:        
Interest expense, net (26.6) (21.6) (70.3) (62.8)
Other expense, net (5.4) (1.1) (9.0) (5.3)
Total other expense, net (32.0) (22.7) (79.3) (68.1)
Earnings before income taxes and equity in earnings of unconsolidated affiliates 36.2 60.0 146.1 152.0
Income tax expense 6.5 15.3 17.0 31.0
Earnings before equity in earnings of unconsolidated affiliates 29.7 44.7 129.1 121.0
Equity in earnings of unconsolidated affiliates, net of tax 0.3 1.6 303.3 3.0
Net earnings 30.0 46.3 432.4 124.0
Net losses attributable to redeemable noncontrolling interests   7.1 2.5 23.2
Net earnings attributable to Black Knight 30.0 53.4 434.9 147.2
Other comprehensive earnings:        
Unrealized holding gains (losses), net of tax(1) 1.4 (0.2) 8.0 0.1
Reclassification adjustments for losses included in net earnings, net of tax(2) 0.4 4.0 5.6 11.9
Total unrealized gains on interest rate swaps, net of tax 1.8 3.8 13.6 12.0
Foreign currency translation adjustment, net of tax (3) (0.4)   (1.0) (0.4)
Unrealized (losses) gains on investments in unconsolidated affiliates, net of tax(4) (1.9) (2.9) (1.1) (4.5)
Other comprehensive earnings (loss) (0.5) 0.9 11.5 7.1
Comprehensive earnings 29.5 47.2 443.9 131.1
Net losses attributable to redeemable noncontrolling interests   7.1 2.5 23.2
Comprehensive earnings attributable to Black Knight $ 29.5 $ 54.3 $ 446.4 $ 154.3
Net earnings per share attributable to Black Knight common shareholders:        
Basic $ 0.19 $ 0.34 $ 2.82 $ 0.95
Diluted $ 0.19 $ 0.34 $ 2.80 $ 0.94
Weighted average shares of common stock outstanding (see Note 5):        
Basic 154.5 155.2 154.4 155.4
Diluted 155.4 156.2 155.5 155.9