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Segment Information
12 Months Ended
Dec. 31, 2023
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.
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) equity-based compensation; (viii) restructuring charges; (ix) merger and acquisition-related operating costs; (x) transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program; and (xi) other adjustments primarily related to non-cash charges and gains, including impairment charges and adjustments as the result of the application of purchase accounting, mainly in 2022 and 2021 related to the deferred commission cost amortization. In addition, other adjustments also include non-recurring charges such as legal expense associated with significant legal and regulatory matters. 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.
Year Ended December 31,
 202320222021
Revenue:
North America$1,644.5 $1,587.1 $1,499.4 
International669.5 637.5 671.0 
       Corporate and other (1)
— — (4.8)
Consolidated total$2,314.0 $2,224.6 $2,165.6 
(1)Corporate and other includes revenue adjustment of $4.8 million recorded in accordance with GAAP to the International segment due to the timing of the completion of the Bisnode acquisition for the year ended December 31, 2021.
Year Ended December 31,
 202320222021
Adjusted EBITDA:
North America$743.3 $718.0 $715.3 
International215.4 202.2 194.1 
       Corporate and other (1)
(66.5)(56.7)(62.3)
Consolidated total$892.2 $863.5 $847.1 
Depreciation and amortization(586.8)(587.2)(615.9)
Interest expense - net(216.1)(191.0)(205.7)
Benefit (provision) for income taxes34.2 28.8 (23.4)
Other income (expense) - net(5.3)13.9 14.9 
Equity in net income of affiliates3.2 2.5 2.7 
Net income (loss) attributable to non-controlling interest(3.3)(6.4)(5.8)
Equity-based compensation(83.4)(66.0)(33.3)
Restructuring charges(13.2)(20.5)(25.1)
Merger, acquisition and divestiture-related operating costs
(7.1)(23.4)(14.1)
Transition costs (2)
(52.9)(24.4)(11.6)
Other adjustments (3)
(8.5)7.9 (1.5)
Net income (loss) attributable to Dun & Bradstreet Holdings, Inc.$(47.0)$(2.3)$(71.7)

(1)Corporate and other includes revenue adjustment of $4.8 million recorded in accordance with GAAP to the International segment due to the timing of the completion of the Bisnode acquisition for the year ended December 31, 2021.
(2)Transition costs primarily consist of non-recurring expenses associated with transformational and integration activities, as well as incentive expenses associated with our synergy program. Year-over-year increases in transition costs was primarily driven by higher spend in connection with our initiative to transform our technology infrastructure.
(3)Adjustments for 2023 were primarily related to legal fees associated with ongoing legal matters discussed in Note 9 and impairment charges. Adjustments for 2022 and 2021 were primarily related to non-cash purchase accounting adjustments for deferred commission cost amortization and non-recurring legal reserve adjustments related to the FTC matter.


Year Ended December 31,
 202320222021
Depreciation and amortization:
North America$92.6 $71.4 $60.2 
International21.9 15.0 12.1 
            Total segments114.5 86.4 72.3 
       Corporate and other (1)
472.3 500.8 543.6 
Consolidated total$586.8 $587.2 $615.9 
Capital expenditures:
North America (2)(3)
$2.3 $8.5 $81.1 
International1.9 4.0 5.1 
           Total segments4.2 12.5 86.2 
        Corporate and other0.5 0.1 0.1 
Consolidated total$4.7 $12.6 $86.3 
Additions to computer software and other intangibles:
North America
$127.9 $161.8 $144.0 
International26.0 30.5 25.8 
           Total segments153.9 192.3 169.8 
        Corporate and other40.8 13.0 0.9 
Consolidated total$194.7 $205.3 $170.7 

(1)Depreciation and amortization for Corporate and other includes incremental amortization resulting from the application of purchase accounting in connection with historical merger and acquisition transactions.
(2)We entered into equipment finance lease agreements during the years ended December 31, 2023 and 2022, and recognized $16.3 million and $4.1 million for right of use assets within "Property, plant and equipment." Payments for these equipment leases were reported as cash used for financing activities within our condensed consolidated statement of cash flows. See Note 8 for further details.
(3)Higher balance for the year ended December 31, 2021 was primarily due to the $76.6 million purchase of an office building for our global headquarters.

Supplemental Geographic and Customer Solution Set Information:
December 31,
20232022
Assets: 
    North America$7,643.3 $7,919.4 
    International1,492.6 1,552.5 
Consolidated total$9,135.9 $9,471.9 
Goodwill:
    North America$2,929.6 $2,929.6 
    International516.2 501.7 
Consolidated total$3,445.8 $3,431.3 
Other intangibles:
    North America$3,451.5 $3,805.7 
    International464.4 514.4 
Consolidated total$3,915.9 $4,320.1 
Other long-lived assets (1):
    North America$891.6 $809.1 
    International209.1 191.5 
Consolidated total$1,100.7 $1,000.6 
Total long-lived assets$8,462.4 $8,752.0 
(1)Excludes deferred income tax of $17.2 million and $16.0 million as of December 31, 2023 and December 31, 2022, respectively, included within "Other non-current assets" in the consolidated balance sheet. See Note 10 for additional details.
Year Ended December 31,
Customer Solution Set Revenue:202320222021
 
North America (1):
    Finance & Risk$888.1 $866.9 $834.7 
    Sales & Marketing 756.4 720.2 664.7 
Total North America$1,644.5 $1,587.1 $1,499.4 
International:
    Finance & Risk$448.6 $419.1 $430.3 
    Sales & Marketing 220.9 218.4 240.7 
Total International$669.5 $637.5 $671.0 
Corporate and other:
    Finance & Risk$— $— $(2.2)
    Sales & Marketing— — (2.6)
Total Corporate and other$— $— $(4.8)
Total Revenue:
    Finance & Risk$1,336.7 $1,286.0 $1,262.8 
    Sales & Marketing977.3 938.6 902.8 
Total Revenue$2,314.0 $2,224.6 $2,165.6 
(1)Substantially all of the North America revenue is attributable to the United States.