XML 23 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Total Revenue $ 110.9 $ 68.5 $ 213.1 $ 123.1    
Cost of service:            
Cost of service [1] 28.2 10.2 43.0 19.3    
Amortization of acquired technology 5.6 7.4 11.2 13.0    
Gross profit 77.1 50.9 158.9 90.8    
Operating expenses:            
Sales and marketing [1] 59.5 20.5 93.6 38.8    
Research and development [1] 16.4 8.9 26.3 14.1    
General and administrative [1] 18.2 10.1 28.2 16.8    
Amortization of other acquired intangibles 4.7 4.6 9.3 8.3    
Restructuring and transaction-related expenses 9.5 1.2 12.4 9.0    
Total operating expenses 108.3 45.3 169.8 87.0    
Income from operations (31.2) 5.6 (10.9) 3.8    
Interest expense, net 25.1 26.9 49.6 50.4    
Loss on debt extinguishment 12.7 0.0 14.9 18.2    
Other (income) expense, net 0.1 0.0 0.0 0.0    
Income (loss) before income taxes (69.1) (21.3) (75.4) (64.8)    
Benefit from income taxes 12.9 1.4 13.3 4.7    
Net income (loss) (56.2) (19.9) (62.1) (60.1)    
Less: Net income (loss) attributable to ZoomInfo OpCo prior to the Reorganization Transactions 0.8 (19.9) (5.1) (60.1)    
Less: Net income (loss) attributable to noncontrolling interests (36.6) 0.0 (36.6) 0.0    
Net income (loss) attributable to ZoomInfo Technologies Inc. $ (20.4) $ 0.0 $ (20.4) $ 0.0    
Net income (loss) per share of Class A and Class C common stock:            
Basic (in dollars per share) $ (0.21)   $ (0.21)      
Diluted (in dollars per share) $ (0.22)   $ (0.22)      
DiscoverOrg Holdings            
Total Revenue         $ 293.3 $ 144.3
Cost of service:            
Cost of service         43.6 30.1
Amortization of acquired technology         25.0 7.7
Gross profit         224.7 106.5
Operating expenses:            
Sales and marketing         90.2 42.4
Research and development         30.1 6.1
General and administrative         35.1 20.8
Amortization of other acquired intangibles         17.6 7.0
Restructuring and transaction-related expenses         15.6 3.6
Total operating expenses         188.6 79.9
Income from operations         36.1 26.6
Interest expense, net         102.4 58.2
Loss on debt extinguishment         18.2 0.0
Other (income) expense, net         0.0 (0.1)
Income (loss) before income taxes         (84.5) (31.5)
Benefit from income taxes         6.5 2.9
Net income (loss)         $ (78.0) $ (28.6)
[1] Amounts include equity-based compensation expense, as follows:
Cost of service$15.3  $0.7  $17.0  $1.9  
Sales and marketing32.0  1.4  38.4  4.1  
Research and development8.5  2.6  10.1  2.9  
General and administrative8.7  1.3  10.3  2.7  
Total equity-based compensation expense$64.5  $6.0  $75.8  $11.6