XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations and Comprehensive Earnings (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues $ 1,114.0 $ 1,051.6 $ 1,026.0
Expenses:      
Operating expenses 625.4 569.5 582.6
Depreciation and amortization 217.0 206.5 208.3
Transition and integration costs 6.6 13.1 2.3
Total expenses 849.0 789.1 793.2
Operating income 265.0 262.5 232.8
Other income and expense:      
Interest expense, net (51.7) (57.5) (67.6)
Other expense, net (7.1) (12.6) (6.4)
Total other expense, net (58.8) (70.1) (74.0)
Earnings before income taxes 206.2 192.4 158.8
Income tax expense (benefit) 37.7 (61.8) 25.8
Net earnings from continuing operations 168.5 254.2 133.0
Net earnings 168.5 254.2 133.0
Less: Net earnings attributable to noncontrolling interests 0.0 71.9 87.2
Net earnings attributable to Black Knight 168.5 182.3 45.8
Other comprehensive (loss) earnings:      
Unrealized holding (losses) gains, net of tax (1) [1] (0.7) 3.7 (1.1)
Reclassification adjustments for losses included in net earnings, net of tax [2] (2.7) 0.4 0.5
Total unrealized losses on interest rate swaps, net of tax (3.4) 4.1 (0.6)
Foreign currency translation adjustment, net of tax (3) [3] (0.2) 0.0 (0.1)
Other comprehensive (loss) earnings (3.6) 4.1 (0.7)
Comprehensive earnings attributable to noncontrolling interests 0.0 74.1 86.0
Comprehensive earnings $ 164.9 $ 260.5 $ 131.1
Net earnings per share attributable to Black Knight common shareholders:      
Basic (in dollars per share) $ 1.14 $ 2.06 $ 0.69
Diluted (in dollars per share) $ 1.14 $ 1.47 $ 0.67
Weighted average shares of Class A common stock outstanding      
Basic (in shares) 147.6 88.7 65.9
Diluted (in shares) 148.2 152.4 67.9
[1] Net of income tax (benefit) expense of $(0.2) million, $2.1 million, and $(0.7) million for the years ended December 31, 2018, 2017 and 2016, respectively.
[2] Amounts reclassified to net earnings relate to (gains) losses on interest rate swaps and are included in Interest expense on the Consolidated Statements of Earnings and Comprehensive Earnings. Amount is net of income tax (benefit) expense of $(1.0) million, $0.3 million and $0.3 million for the years ended December 31, 2018, 2017 and 2016, respectively.
[3] Net of income tax benefit of $0.1 million for the year ended December 31, 2018.