Revenue

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

The total amount of the transaction price for our revenue contracts allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2021 is as follows:

	2022		2023		2024		2025		2026		Thereafter		Total
Future revenue	$	1,283.7	$	592.3	$	326.1	$	159.7	$	116.9	$	299.4	$	2,778.1

The table of future revenue does not include any amount of variable consideration that is a sales or usage-based royalty in exchange for distinct data licenses or that is allocated to a distinct service period within a single performance obligation that is a series of distinct service periods.

Timing of Revenue Recognition

	Successor						Predecessor
	Year ended December 31, 2021		Year ended December 31, 2020		Period from January 1 to December 31, 2019		Period from January 1 to February 7, 2019
Revenue recognized at a point in time	$	931.8	$	762.7	$	731.4	$	91.4
Revenue recognized over time	1,233.8		976.0		707.6		87.3
Total revenue recognized	$	2,165.6	$	1,738.7	$	1,439.0	$	178.7

Contract Balances

	At December 31, 2021		At December 31, 2020		At December 31, 2019
Accounts receivable, net	$	401.7	$	319.3	$	272.2
Short-term contract assets (1)	$	3.4	$	0.7	$	1.0
Long-term contract assets (2)	$	9.1	$	3.8	$	2.5
Short-term deferred revenue	$	569.4	$	477.2	$	473.4
Long-term deferred revenue (3)	$	13.7	$	14.6	$	5.8

(1) Included within other current assets in the consolidated balance sheet

(2) Included within other non-current assets in the consolidated balance sheet

(3) Included within other non-current liabilities in the consolidated balance sheet

The increase in deferred revenue of $91.3 million from December 31, 2020 to December 31, 2021 was primarily due to cash payments received or due in advance of satisfying our performance obligations, and the acquisition of Bisnode, largely offset by approximately $428.9 million of revenue recognized that was included in the deferred revenue balance at December 31, 2020. See Note 16 for further discussion with regard to the acquisition of Bisnode.

The increase in contract assets of $8.0 million from December 31, 2020 to December 31, 2021 was primarily due to new contract assets recognized, net of new amounts reclassified to receivables during 2021, largely offset by $2.1 million of contract assets included in the balance at December 31, 2020 that were reclassified to receivables when they became unconditional.

The increase in deferred revenue of $12.6 million from December 31, 2019 to December 31, 2020 was primarily due to cash payments received or due in advance of satisfying our performance obligations, largely offset by approximately $477.1 million of revenue recognized that were included in the deferred revenue balance at December 31, 2019, net of the purchase accounting fair value adjustment as a result of our Take-Private Transaction in February 2019.

The increase in contract assets of $1.0 million from December 31, 2019 to December 31, 2020 was primarily due to new contract assets recognized, net of new amounts reclassified to receivables during 2020, largely offset by $3.0 million of contract assets included in the balance at January 1, 2020 that were reclassified to receivables when they became unconditional.

See Note 18 for a schedule providing a further disaggregation of revenue.

Assets Recognized for the Costs to Obtain a Contract

Commission assets, net of accumulated amortization included in deferred costs in the consolidated balance sheet, was $116.1 million and $83.8 million as of December 31, 2021 and December 31, 2020, respectively.

The amortization of commission assets reflected in selling and administrative expenses within the consolidated income statement, is as follows:

Period	Amortization
Year ended December 31, 2021 (Successor)	$	27.1
Year ended December 31, 2020 (Successor)	$	17.0
Period from January 1 to December 31, 2019 (Successor)	$	4.7
Period from January 1 to February 7, 2019 (Predecessor)	$	3.2