v3.22.2.2
Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Our segment disclosure is intended to provide the users of our condensed 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 15 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 September 30, Nine months ended September 30,
 2022202120222021
Revenue:
North America$403.6 $374.1 $1,152.2 $1,070.7 
International152.7 167.8 477.4 501.4 
       Corporate and other (1)
— — — (4.8)
Consolidated total$556.3 $541.9 $1,629.6 $1,567.3 
(1)Revenue for Corporate and other for the nine months ended September 30, 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 September 30, Nine months ended September 30,
 2022202120222021
Adjusted EBITDA:
North America$188.4 $185.5 $503.1 $504.0 
International51.6 54.0 153.2 148.1 
         Corporate and other(17.0)(19.1)(43.2)(47.7)
Consolidated total$223.0 $220.4 $613.1 $604.4 
Depreciation and amortization(145.1)(156.7)(441.5)(458.7)
Interest expense - net(48.6)(48.1)(137.1)(144.7)
Benefit (provision) for income taxes4.2 2.8 13.6 (30.4)
Other income (expense) - net8.8 13.3 10.7 32.5 
Equity in net income of affiliates0.5 0.7 1.8 2.0 
Net income (loss) attributable to non-controlling interest(2.4)(1.6)(5.7)(4.2)
Other incremental or reduced expenses and revenue from the application of purchase accounting3.6 4.0 11.4 8.9 
Equity-based compensation(17.9)(9.0)(43.9)(23.7)
Restructuring charges(6.6)(4.8)(14.3)(20.7)
Merger, acquisition and divestiture-related operating costs(5.3)(2.1)(17.3)(7.2)
Transition costs (4.8)(1.7)(13.7)(5.6)
Legal expense associated with significant legal and regulatory matters(0.3)(0.5)(0.9)(11.1)
Asset impairment(1.1)(0.1)(1.3)(1.6)
Net income (loss) attributable to Dun & Bradstreet Holdings, Inc.$8.0 $16.6 $(25.1)$(60.1)
Three months ended September 30, Nine months ended September 30,
 2022202120222021
Depreciation and amortization:
North America$16.9 $16.6 $53.5 $43.8 
International3.8 3.2 10.8 8.8 
            Total segments20.7 19.8 64.3 52.6 
       Corporate and other (1)
124.4 136.9 377.2 406.1 
Consolidated total$145.1 $156.7 $441.5 $458.7 
Capital expenditures:
North America (2)
$1.5 $2.8 $7.3 $81.1 
International1.1 1.4 2.8 3.6 
           Total segments2.6 4.2 10.1 84.7 
        Corporate and other0.1 — 0.1 0.1 
Consolidated total$2.7 $4.2 $10.2 $84.8 
Additions to computer software and other intangibles:
North America (3)
$39.4 $30.3 $112.5 $92.7 
International9.2 5.2 23.5 18.9 
           Total segments48.6 35.5 136.0 111.6 
        Corporate and other2.7 0.3 7.0 0.7 
Consolidated total$51.3 $35.8 $143.0 $112.3 

(1)Depreciation and amortization for Corporate and other includes incremental amortization resulting from the Take-Private Transaction and recent acquisitions.
(2)Higher capital expenditures for North America during prior year periods was primarily due to the $76.6 million purchase of an office building for our new global headquarters office in June 2021.
(3) In-place lease intangibles of $7.1 million for the nine months ended September 30, 2021 related to the building purchase for our new global
headquarters office are included in capital expenditures. See Note (2) above.


Supplemental Geographic and Customer Solution Set Information:
September 30,
2022		December 31,
2021
Assets:
    North America$7,938.0 $8,232.2 
    International1,491.7 1,765.0 
Consolidated total$9,429.7 $9,997.2 
Goodwill:
    North America$2,929.1 $2,928.4 
    International471.7 564.9 
Consolidated total$3,400.8 $3,493.3 
Other intangibles:
    North America$3,900.1 $4,186.2 
    International495.8 638.3 
Consolidated total$4,395.9 $4,824.5 
Other long-lived assets (excluding deferred income tax):
    North America$745.1 $713.4 
    International207.6 229.5 
Consolidated total$952.7 $942.9 
Total long-lived assets$8,749.4 $9,260.7 


Three months ended September 30, Nine months ended September 30,
Customer Solution Set Revenue:2022202120222021
 
North America (1):
    Finance & Risk$224.1 $214.0 $635.8 $604.2 
    Sales & Marketing 179.5 160.1 516.4 466.5 
Total North America$403.6 $374.1 $1,152.2 $1,070.7 
International:
    Finance & Risk$102.2 $108.7 $313.1 $320.1 
    Sales & Marketing 50.5 59.1 164.3 181.3 
Total International$152.7 $167.8 $477.4 $501.4 
Corporate and other:
    Finance & Risk$— $— $— $(2.3)
    Sales & Marketing— — — (2.5)
Total Corporate and other$— $— $— $(4.8)
Total Revenue:
    Finance & Risk$326.3 $322.7 $948.9 $922.0 
    Sales & Marketing230.0 219.2 680.7 645.3 
Total Revenue$556.3 $541.9 $1,629.6 $1,567.3 
(1)Substantially all of the North America revenue is attributable to the United States.