Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

Our segment disclosure is intended to provide the users of our consolidated financial statements with a view of the business that is consistent with management of the Company.

We manage our business and report our financial results through the following two segments:

•North America offers Finance & Risk and Sales & Marketing data, analytics and business insights in the United States and Canada; and

•International offers Finance & Risk and Sales & Marketing data, analytics and business insights directly in the U.K., Europe, Greater China and India and indirectly through our WWN alliances.

On January 8, 2021, we acquired 100% ownership of Bisnode and in November 2021, we acquired 100% ownership of both Eyeota and NetWise. See Note 14 for further discussion. Financial results of Bisnode, Eyeota and NetWise have been included in our International segment and North America segment, respectively, since the respective acquisition dates.

We use adjusted EBITDA as the primary profitability measure for making decisions regarding ongoing operations. We define adjusted EBITDA as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. excluding the following items: (i) depreciation and amortization; (ii) interest expense and income; (iii) income tax benefit or provision; (iv) other non-operating expenses or income; (v) equity in net income of affiliates; (vi) net income attributable to non-controlling interests; (vii) other incremental or reduced expenses and revenue from the application of purchase accounting (e.g. commission asset amortization and acquisitions); (viii) equity-based compensation; (ix) restructuring charges; (x) merger, acquisition and divestiture-related operating costs; (xi) transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program; (xii) legal expense associated with significant legal and regulatory matters; and (xiii) asset impairment. Our client solution sets are Finance & Risk and Sales & Marketing. Inter-segment sales are immaterial, and no single client accounted for 10% or more of our total revenue.

	Three months ended March 31,
	2022		2021
Revenue:
North America	$	367.3	$	339.4
International	168.7		169.9
Corporate and other (1)	—		(4.8)
Consolidated total	$	536.0	$	504.5

(1)Revenue for Corporate and other for the three months ended March 31, 2021 primarily represents adjustments recorded in accordance with GAAP to the International segment due to the timing of the completion of the Bisnode acquisition.

	Three months ended March 31,
	2022		2021
Adjusted EBITDA:
North America	$	153.3	$	151.0
International	55.1		51.5
Corporate and other	(18.3)		(16.9)
Consolidated total	$	190.1	$	185.6
Depreciation and amortization	(149.4)		(149.7)
Interest expense - net	(46.9)		(48.8)
Benefit (provision) for income taxes	9.3		9.8
Other income (expense) - net	(9.3)		6.8
Equity in net income of affiliates	0.7		0.6
Net income (loss) attributable to non-controlling interest	(1.5)		(1.7)
Other incremental or reduced expenses and revenue from the application of purchase accounting	3.9		0.7
Equity-based compensation	(10.7)		(7.6)
Restructuring charges	(5.3)		(5.8)
Merger, acquisition and divestiture-related operating costs	(5.1)		(3.1)
Transition costs	(6.9)		(0.9)
Legal expense associated with significant legal and regulatory matters	(0.2)		(9.9)
Asset impairment	—		(1.0)
Net income (loss) attributable to Dun & Bradstreet Holdings, Inc.	$	(31.3)	$	(25.0)

	Three months ended March 31,
	2022		2021
Depreciation and amortization:
North America	$	17.2	$	12.6
International	3.3		2.8
Total segments	20.5		15.4
Corporate and other (1)	128.9		134.3
Consolidated total	$	149.4	$	149.7
Capital expenditures:
North America	$	3.3	$	0.6
International	0.8		0.6
Total segments	4.1		1.2
Corporate and other	—		—
Consolidated total	$	4.1	$	1.2
Additions to computer software and other intangibles:
North America	$	35.6	$	34.9
International	6.5		7.3
Total segments	42.1		42.2
Corporate and other	1.5		0.2
Consolidated total	$	43.6	$	42.4

(1)Depreciation and amortization for Corporate and other includes incremental amortization resulting from the Take-Private Transaction and recent acquisitions.

Supplemental Geographic and Customer Solution Set Information:

	March 31, 2022		December 31, 2021
Assets:
North America	$	8,117.9	$	8,232.2
International	1,739.3		1,765.0
Consolidated total	$	9,857.2	$	9,997.2
Goodwill:
North America	$	2,928.9	$	2,928.4
International	546.5		564.9
Consolidated total	$	3,475.4	$	3,493.3
Other intangibles:
North America	$	4,089.2	$	4,186.2
International	600.5		638.3
Consolidated total	$	4,689.7	$	4,824.5
Other long-lived assets (excluding deferred income tax):
North America	$	714.6	$	713.4
International	228.0		229.5
Consolidated total	$	942.6	$	942.9
Total long-lived assets	$	9,107.7	$	9,260.7

	Three months ended March 31,
Customer Solution Set Revenue:	2022		2021
North America (1):
Finance & Risk	$	202.2	$	190.5
Sales & Marketing	165.1		148.9
Total North America	$	367.3	$	339.4
International:
Finance & Risk	$	109.0	$	107.4
Sales & Marketing	59.7		62.5
Total International	$	168.7	$	169.9
Corporate and other:
Finance & Risk	$	—	$	(2.3)
Sales & Marketing	—		(2.5)
Total Corporate and other	$	—	$	(4.8)
Total Revenue:
Finance & Risk	$	311.2	$	295.6
Sales & Marketing	224.8		208.9
Total Revenue	$	536.0	$	504.5

(1)Substantially all of the North America revenue is attributable to the United States.