Company profile

Ticker
TRU
Exchange
CEO
Christopher A. Cartwright
Employees
Incorporated in
Location
Fiscal year end
Former names
TransUnion Holding Company, Inc.
SEC CIK

TRU stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Apr 20
9 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 687.6M 685.6M 689.3M 661.9M
Net income 70.2M 82.9M 91.7M 101.5M
Diluted EPS 0.37 0.43 0.48 0.53
Net profit margin 10.21% 12.09% 13.30% 15.33%
Operating income 136.8M 154.7M 171.3M 159.7M
Net change in cash 31.6M 38.2M 41.2M -6.2M
Cash on hand 305.7M 274.1M 235.9M 194.7M
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.66B 2.32B 1.93B 1.7B
Net income 346.9M 276.6M 441.2M 120.6M
Diluted EPS 1.81 1.45 2.32 0.65
Net profit margin 13.06% 11.94% 22.82% 7.07%
Operating income 607.8M 512.5M 464.7M 300.5M
Net change in cash 86.7M 71.6M -66.4M 49M
Cash on hand 274.1M 187.4M 115.8M 182.2M
Cost of revenue 874.1M 790.1M 645.7M 579.1M

Financial data from TransUnion earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
5 Jun 20 Neenan David M Common Stock Sell Dispose S No 92.67 20,000 1.85M 180,530
3 Jun 20 Mauldin Richard Dane Common Stock Sell Dispose S Yes 90 1,500 135K 20,685
26 May 20 Neenan David M Common Stock Grant Aquire A No 0 11,780 0 200,530
26 May 20 Martin Timothy J Common Stock Sell Dispose S Yes 85 3,000 255K 34,129
18 May 20 Cartwright Christopher A Common Stock Sell Dispose S No 79.28 196,894 15.61M 163,268
18 May 20 Cartwright Christopher A Common Stock Option exercise Aquire M No 8.57 162,976 1.4M 360,162
18 May 20 Cartwright Christopher A Stock Options Common Stock Option exercise Dispose M No 8.57 162,976 1.4M 0
97.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 408 401 +1.7%
Opened positions 65 76 -14.5%
Closed positions 58 44 +31.8%
Increased positions 157 157
Reduced positions 147 119 +23.5%
13F shares
Current Prev Q Change
Total value 14.17B 19B -25.4%
Total shares 183.85M 185.78M -1.0%
Total puts 181.9K 23.9K +661.1%
Total calls 21.5K 20.7K +3.9%
Total put/call ratio 8.5 1.2 +632.8%
Largest owners
Shares Value Change
N Price T Rowe Associates 31.44M $2.08B +3.4%
Vanguard 17.55M $1.16B +2.7%
BLK BlackRock 15.86M $1.05B +0.7%
Wellington Management 10.07M $666.6M -8.5%
Massachusetts Financial Services 5.36M $354.9M +12.1%
Atlanta Capital Management Co L L C 5.1M $337.24M -40.8%
PFG Principal Financial 5.06M $334.57M -0.7%
FMR 4.14M $274.13M -5.0%
STT State Street 3.92M $259.33M +1.5%
Citadel Advisors 2.72M $180.23M +20.7%
Largest transactions
Shares Bought/sold Change
Atlanta Capital Management Co L L C 5.1M -3.52M -40.8%
Independent Franchise Partners 0 -2.66M EXIT
Norges Bank 0 -1.78M EXIT
FRLG Goldman Sachs 2.25M +1.15M +105.1%
N Price T Rowe Associates 31.44M +1.05M +3.4%
Manufacturers Life Insurance Company, The 1.43M +1.04M +264.0%
Marshall Wace 1.24M +1.03M +490.8%
Wellington Management 10.07M -940.74K -8.5%
Durable Capital Partners 798.26K +798.26K NEW
TimesSquare Capital Management 1.58M -696.51K -30.6%

Financial report summary

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Risks
  • We have a substantial amount of debt which could adversely affect our financial position and prevent us from fulfilling our obligations under the debt instruments.
  • Despite our current level of indebtedness, we may still be able to incur additional indebtedness. This could further the risks associated with our substantial indebtedness.
  • We may not be able to generate sufficient cash to service all of our indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • Our inability to generate sufficient cash flow to satisfy our debt obligations, or to refinance our indebtedness on commercially reasonable terms or at all, would materially and adversely affect our financial position and results of operations and our ability to satisfy our obligations.
  • Our revenues are concentrated in the U.S. consumer credit and financial services industries. When these industries or the broader financial markets experience a downturn, demand for our services and revenues may be adversely affected.
  • We are subject to significant competition in the markets in which we operate and we may face significant competition in the new markets that we plan to enter.
  • Our relationships with key long-term customers may be materially diminished or terminated.
  • Data security and integrity are critically important to our business, and cybersecurity incidents, including cyberattacks, breaches of security, unauthorized access to or disclosure of confidential information, business disruption, or the perception that confidential information is not secure, could result in a material loss of business, regulatory enforcement, substantial legal liability and/or significant harm to our reputation.
  • We may be unable to adequately anticipate, prevent or mitigate damage resulting from increasingly sophisticated methods of illegal or fraudulent activities committed against us, which could harm our business, financial condition and results of operations and could significantly harm our reputation.
  • If we experience system failures, personnel disruptions or capacity constraints, or our customers do not modify their systems to accept new releases of our distribution programs, the delivery of our services to our customers could be delayed or interrupted, which could harm our business and reputation and result in the loss of revenues or customers.
  • We could lose our access to data sources which could prevent us from providing our services.
  • Our business is subject to various governmental regulations, laws and orders, compliance with which may cause us to incur significant expenses or reduce the availability or effectiveness of our solutions, and the failure to comply with which could subject us to civil or criminal penalties or other liabilities.
  • The Consumer Financial Protection Bureau has supervisory and examination authority over our business and may initiate enforcement actions with regard to our compliance with federal consumer financial laws.
  • Regulatory oversight of our contractual relationships with certain of our customers may adversely affect our business.
  • The outcome of litigation, inquiries, investigations, examinations or other legal proceedings in which we are involved, in which we may become involved, or in which our customers or competitors are involved could subject us to significant monetary damages or restrictions on our ability to do business.
  • Our ability to expand our operations in, and the portion of our revenue derived from, markets outside the United States is subject to economic, political and other inherent risks, which could adversely impact our growth rate and financial performance.
  • We depend, in part, on strategic alliances, joint ventures and acquisitions to grow our business. If we are unable to make strategic acquisitions and develop and maintain these strategic alliances and joint ventures, our growth may be adversely affected.
  • If we are unable to develop successful new services in a timely manner, or if the market does not adopt our new services, our ability to maintain or increase our revenue could be adversely affected.
  • If we fail to maintain and improve our systems, our data matching technology, and our interfaces with data sources and customers, demand for our services could be adversely affected.
  • When we engage in acquisitions, investments in new businesses or divestitures of existing businesses, we will face risks that may adversely affect our business.
  • We may be unable to protect our intellectual property adequately or cost-effectively, which may cause us to lose market share or force us to reduce our prices. We also rely on trade secrets and other forms of unpatented intellectual property that may be difficult to protect.
  • We may face claims for intellectual property infringement, which could subject us to monetary damages or limit us in using some of our technologies or providing certain services.
  • If our outside service providers and key vendors are not able to or do not fulfill their service obligations, our operations could be disrupted and our operating results could be harmed.
  • There may be further consolidation in our end-customer markets, which may adversely affect our revenues.
  • To the extent the availability of free or relatively inexpensive consumer information increases, the demand for some of our services may decrease.
  • If we experience changes in tax laws or adverse outcomes resulting from examination of our tax returns, it could adversely affect our results of operations.
  • Our stock price has been and may continue to be volatile or may decline regardless of our operating performance, and you may not be able to resell shares of our common stock at or above the price you paid or at all.
  • We are subject to losses from risks for which we do not insure.
  • We may not be able to attract and retain the skilled employees that we need to support our business.
  • Anti-takeover provisions in our organizational documents might discourage, delay or prevent acquisition attempts for us that you might consider favorable.
  • Our ability to pay cash dividends may be limited by the terms of our secured credit facility.
  • If we fail to implement and maintain proper and effective internal controls over financial reporting, our ability to produce accurate financial statements on a timely basis could be impaired, which could cause investors to lose confidence in our reported financial information and have a negative effect on our stock price.
  • The United Kingdom’s withdrawal from the European Union may have a negative effect on global economic conditions, financial markets and our business.
  • The expected LIBOR phase-out may have unpredictable impacts on contractual mechanics in the credit markets or the broader financial markets, which could have an adverse effect on our results of operations.
Management Discussion
  • Management, including our chief operating decision maker (“CODM”), evaluates the financial performance of our businesses based on a variety of key indicators. These indicators include the GAAP measures of revenue, segment Adjusted EBITDA, cash provided by operating activities and cash paid for capital expenditures, and the non-GAAP measures Adjusted Revenue and consolidated Adjusted EBITDA. For the three months ended March 31, 2020 and 2019, these key indicators were as follows:
  • As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below.
  • For the three months ended March 31, 2019, consisted of the following adjustments: a $5.3 million loss on the impairment of an investment in a nonconsolidated affiliate; $4.2 million of Callcredit integration costs; a $0.9 million adjustment to contingent consideration expense from previous acquisitions; and $0.9 million of acquisition expenses.
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