Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

The table below reflects the purchase price related to the acquisition and the resulting purchase allocation:


	Weighted Average Amortization Period (years)	Initial Purchase Price Allocation		Measurement Period Adjustments		Purchase Price Allocation at December 31, 2019
Cash		$	117.7	$	—	$	117.7
Accounts receivable		267.8		(1.7)		266.1
Other current assets		46.8		(0.4)		46.4
Total current assets		432.3		(2.1)		430.2
Intangible assets:
Customer relationships	16.9	2,589.0		(200.5)		2,388.5
Partnership agreements	14.3	—		230.3		230.3
Computer software	7.8	376.0		—		376.0
Database	17	1,769.0		(47.0)		1,722.0
Trademark	Indefinite	1,200.8		75.0		1,275.8
Goodwill		2,797.6		(10.0)		2,787.6
Property, plant & equipment		30.3		—		30.3
Right of use asset		103.9		7.4		111.3
Other		34.4		(0.1)		34.3
Total assets acquired		$	9,333.3	$	53.0	$	9,386.3

Accounts payable		$	74.2	$	—	$	74.2
Deferred revenue		398.4		(0.6)		397.8
Accrued liabilities		240.1		(2.3)		237.8
Short-term pension and other accrued benefits		106.0		—		106.0
Other current liabilities		41.1		4.7		45.8
Total current liabilities		859.8		1.8		861.6
Long-term pension and postretirement obligations		213.6		7.4		221.0
Deferred tax liability		1,388.3		(7.7)		1,380.6
Long-term debt		625.1		—		625.1
Other liabilities		161.0		8.0		169.0
Total liabilities assumed		3,247.8		9.5		3,257.3
Non-controlling interest		16.8		43.5		60.3
Less: debt repayment		637.5		—		637.5
Amounts paid to equity holders		$	5,431.2	$	—	$	5,431.2

The table below reflects the aggregate purchase price related to the acquisitions and the resulting purchase allocation:


	Amortization Life (years)	Preliminary Purchase Price Allocation at March 31, 2020		Measurement Period Adjustments		Final Purchase Price Allocation at December 31, 2020
Cash		$	0.5	$	—	$	0.5
Accounts receivable		0.3		—		0.3
Other		0.2		0.1		0.3
Total current assets		1.0		0.1		1.1
Intangible assets:
Customer relationships	7	2.4		—		2.4
Technology	11	6.8		—		6.8
Goodwill	Indefinite	10.7		0.2		10.9
Deferred tax asset		0.4		—		0.4

Total assets acquired		$	21.3	$	0.3	$	21.6
Total liabilities assumed		0.2		0.2		0.4
Total purchase price		$	21.1	$	0.1	$	21.2

The table below reflects the purchase price related to the acquisition and the resulting purchase allocation:


	Amortization Life (years)	Initial Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation
Cash		$	0.1	$	—	$	0.1
Accounts receivable		1.9		—		1.9
Other		0.7		—		0.7
Total current assets		2.7		—		2.7
Intangible assets:
Customer relationships	11	25.1		(10.6)		14.5
Technology	14	48.0		(0.6)		47.4
Goodwill		43.0		12.2		55.2
Deferred tax asset		18.4		(0.9)		17.5
Other assets		0.7		(0.2)		0.5
Total assets acquired		$	137.9	$	(0.1)	$	137.8
Deferred revenue		$	6.5	$	—	$	6.5
Other liabilities		4.4		(0.1)		4.3
Total liabilities assumed		10.9		(0.1)		10.8
Total purchase price		$	127.0	$	—	$	127.0

Schedule of Pro Forma Information

The following pro forma statement of operations data presents the combined results of the Company and its acquisition of Dun & Bradstreet, assuming the acquisition completed on February 8, 2019 had occurred on January 1, 2018.



	2019		2018
Reported revenue (Successor)	$	1,413.9	$	—
Dun & Bradstreet pre-acquisition revenue	178.7		1,716.4
Deferred revenue fair value adjustment	134.3		(152.2)
Pro forma revenue	$	1,726.9	$	1,564.2

Reported net income (loss) attributable to Dun & Bradstreet Holdings, Inc.(Successor)	$	(674.0)	$	—
Dun & Bradstreet pre-acquisition net income (loss)	(75.6)		288.1
Pro forma adjustments - net of income tax (1):
Deferred revenue fair value adjustment	104.4		(118.3)
Incremental amortization of intangibles	(15.5)		(350.7)
Amortization of deferred commissions	(2.0)		16.9
Transaction costs	154.9		(114.5)
Pension expense adjustment	69.5		38.9
Equity-based compensation adjustment	8.1		—
Preferred dividend adjustment	(21.8)		(128.7)
Incremental interest expense and facility cost adjustment	(21.9)		(215.4)
Pro forma net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (Successor)	$	(473.9)	$	(583.7)

(1) The blended statutory tax rate of 22.3% was assumed for 2019 and 2018 for the purpose of pro forma presentation.

The following pro forma statements of operations data presents the combined results of the Company and Lattice, assuming that the acquisition had occurred on January 1, 2018.


	Successor		Predecessor
	Period from January 1 to December 31, 2019		Period from January 1 to February 7, 2019		Year ended December 31, 2018
Reported revenue	$	1,413.9	$	178.7	$	1,716.4
Lattice revenue - pre-acquisition revenue	11.1		2.9		25.1
Add: deferred revenue adjustment	2.4		—		(4.8)
Total pro forma revenue	$	1,427.4	$	181.6	$	1,736.7
Reported net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (Successor)/The Dun & Bradstreet Corporation (Predecessor)	$	(674.0)	$	(75.6)	$	288.1
Pro forma adjustments - net of tax effect
Pre-acquisition net loss	(19.7)		(1.0)		(13.1)
Intangible amortization - net of tax benefits	(1.4)		(0.4)		(3.6)
Deferred revenue adjustment - net of tax benefits	1.8		—		(3.6)
Transaction costs - net of tax benefits	0.4		—		(0.4)
Pro forma net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (Successor) / The Dun & Bradstreet Corporation (Predecessor)	$	(692.9)	$	(77.0)	$	267.4