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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended
Feb. 07, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows provided by (used in) operating activities:      
Net income (loss) [1] $ (74.8) $ (114.8) $ (325.4)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 11.1 401.0 340.6
Amortization of unrecognized pension loss (gain) 3.8 (0.3) 0.0
Pension settlement charge 85.8 0.0 0.0
Pension settlement payments (190.5) 0.0 (105.9)
Impairment of assets 0.0 0.0 2.3
Income tax benefit from stock-based awards 10.3    
Equity-based compensation expense 11.7 38.6 63.1
Restructuring charge [1] 0.1 16.2 44.1
Restructuring payments (2.1) (13.9) (30.9)
Change in fair value of make-whole derivative liability 0.0 32.8 0.0
Changes in deferred income taxes (33.2) (100.6) (98.7)
Changes in prepaid and accrued income taxes (8.1) (100.4) (6.3)
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable 16.3 18.4 27.9
(Increase) decrease in other current assets (1.2) (12.0) 8.8
Increase (decrease) in deferred revenue 20.8 16.8 59.9
Increase (decrease) in accounts payable 37.8 4.3 (28.5)
Increase (decrease) in accrued liabilities (39.7) (7.6) (46.0)
Increase (decrease) in other accrued and current liabilities 25.1 (35.5) 13.5
(Increase) decrease in other long-term assets (96.0) (34.7) (32.5)
Increase (decrease) in long-term liabilities 154.6 (23.1) (32.6)
Net, other non-cash adjustments [2] 2.8 33.2 14.5
Net cash provided by (used in) operating activities (65.4) 118.4 (132.1)
Cash flows provided by (used in) investing activities:      
Payments for acquisitions of businesses, net of cash acquired 0.0 (20.6) (6,078.0)
Proceeds from maturity of and (payment) for debt security investment 0.0 0.4 0.5
Cash settlements of foreign currency contracts 0.0 0.7 (1.3)
Capital expenditures (0.2) (7.8) (9.0)
Additions to computer software and other intangibles (5.1) (81.6) (40.1)
Net, other 0.0 0.0 0.1
Net cash provided by (used in) investing activities (5.3) (108.9) (6,127.8)
Cash flows provided by (used in) financing activities:      
Proceeds from issuance of Class A common stock in the IPO transaction and Private Placement 0.0 2,381.0 0.0
Proceeds from successor shareholders in the Take-Private Transaction 0.0 0.0 3,176.8
Payments for IPO offering costs [3] 0.0 (132.8) 0.0
Payment for the redemption of Cumulative Series A Preferred Stock 0.0 (1,067.9) 0.0
Payment for make-whole liability 0.0 (205.2) 0.0
Payment for debt early redemption premiums 0.0 (50.0) 0.0
Payments of dividends 0.0 (64.1) (64.1)
Proceeds from issuance of Successor's Senior Notes 0.0 0.0 1,450.0
Retirement of Predecessor's Senior Notes 0.0 0.0 (625.1)
Payments of borrowings on Successor's Senior Notes 0.0 (580.0) 0.0
Payment of debt issuance costs 0.0 0.0 (122.6)
Debt extinguishment costs 0.0 (2.5) 0.0
Net, other (0.1) (6.8) (5.7)
Net cash provided by (used in) financing activities 96.9 196.0 6,374.8
Effect of exchange rate changes on cash and cash equivalents 1.2 7.2 (14.3)
Increase (decrease) in cash and cash equivalents 27.4 212.7 100.6
Cash and cash equivalents, beginning of period 0.0 98.6 0.0
Cash and cash equivalents, end of period 117.6 311.3 100.6
Cash paid for:      
Income taxes, net of refunds 3.4 89.9 21.7
Interest 2.4 223.1 187.2
Predecessor Credit Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from borrowings on lines of credit 167.0 0.0 0.0
Payments of borrowings on lines of credit (70.0) 0.0 0.0
Successor Credit Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from borrowings on lines of credit 0.0 407.2 156.0
Payments of borrowings on lines of credit 0.0 (407.2) (132.9)
Successor Term Loan Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from borrowings on lines of credit 0.0 0.0 2,479.4
Payments of borrowings on lines of credit 0.0 (12.7) 0.0
Bridge Loan      
Cash flows provided by (used in) financing activities:      
Proceeds from borrowings on lines of credit 0.0 0.0 63.0
Payments of borrowings on lines of credit 0.0 $ (63.0) 0.0
Dun & Bradstreet Corp      
Cash flows provided by (used in) financing activities:      
Cash and cash equivalents, beginning of period $ 90.2   $ 90.2
[1] See Note 1 "Basis of Presentation" for further discussion.
[2] Includes non-cash adjustments for the write down of deferred debt issuance costs and discount of $23.2 million associated with the partial redemption of the Senior Unsecured Notes and Senior Secured Notes during the nine months ended September 30,2020.
[3] $131.9 million was paid by proceeds raised from the offering (see Note 2) and $0.9 million was paid prior to the IPO and Private Placement.