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The surge in **Cash and Cash Equivalents** in Q3 2024 was primarily driven by **strong operating cash flow**—with the company generating **$286.9 million** from operations—and significantly **reduced financing outflows**, which were **$108.1 million lower** compared to the prior year. Additionally, the company benefited from positive effects of **exchange rate changes** that further supported the increase, despite higher investing outflows due to increased capital expenditures.  **[0001799208-24-000046_dnb-20240930.htm:61]** 

What drove the surge in Cash and cash equivalents in Q3 2024?

The drop in **Cash and cash equivalents** in Q4 2023 was mainly driven by a **decline in operating cash inflows**—cash generated from operations fell from **$537.1 million in 2022 to $452.2 million in 2023**—and was compounded by ongoing **cash outflows from investing and financing activities**. Additionally, **exchange rate fluctuations** also played a role in reducing the cash balance.  **[0001799208-24-000007_yearend2023prexhibit991.htm:8]** **[0001799208-24-000015_dnb-20231231.htm:107]** 

Why did Cash and cash equivalents drop notably in Q4 2023?

The increase in **long-term debt** in Q2 2024 was primarily driven by a couple of factors. First, there was a significant **increase in the 2029 Term Loan B**, which rose to **$3,064.8 million**. Additionally, there was a notable increase in the drawn amount from the **revolving facility**—from **$25.0 million** at the end of 2023 to **$120.0 million** as of June 30, 2024. While the complete repayment of the 2026 and 2029 Term Loans reduced some of the debt, these increased borrowings resulted in a net rise in total long-term debt to **$3,620.4 million** in Q2 2024.  **[0001799208-24-000038_dnb-20240630.htm:60]** **[0001799208-24-000038_dnb-20240630.htm:3]** 

What factors contributed to the increase in Long-term debt in Q2 2024?

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The relatively low operating income of **$16.6 million** in **Q1 2024** resulted primarily from a substantial increase in **cloud infrastructure costs**. Although the company experienced **higher revenue**—up by **$24.1 million**—and benefited from **lower data acquisition costs** (a reduction of about **$3 million**), these gains were partly offset by an increase in cloud infrastructure expenses by approximately **$18 million** (including **$8 million** in transition costs for modernizing technology). This cost pressure significantly impacted overall operating income despite the positive revenue trends.  **[DNB_3382115_5]** **[0001799208-24-000024_dnb-20240331.htm:43]** **[0001799208-24-000024_dnb-20240331.htm:1]** 

Why was Operating income so low in Q1 2024?

The steep net loss in FY 2023 was driven by **several factors**: there was an increase of **$25.1 million** in net interest expense, a decrease in pension income by **$23.9 million**, a decline in operating income of **$9.6 million**, and an increase of approximately **$12 million** in miscellaneous other expenses. These negative impacts were somewhat offset by a larger tax benefit of **$5.4 million** and the absence of an early debt redemption premium of **$16.3 million** that was incurred in FY 2022.  **[0001799208-24-000015_dnb-20231231.htm:91]** 

What drove the steep net loss in FY 2023?

The improvement in Q3 2024 was primarily driven by a marked increase in operating income and reduced miscellaneous non‐operating expenses. In Q3 2024, operating income rose by **$10.1 million**, while miscellaneous non‐operating expenses fell by **$2.2 million**. Despite facing a lower tax benefit (by **$9.4 million**) and higher net interest expense (an increase of **$3.9 million**), these positive factors helped shift net income into positive territory. (See details in documents.  **[0001799208-24-000046_dnb-20240930.htm:59]** **[DNB_3405056_4]** )

What led to the turnaround in net income in Q3 2024?

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ca64a0641a1a07b36dca15d82e3c9dd986717678be9d2e84bc4160aeec6544fd

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Cost of services (exclusive of depreciation and amortization) (USD, millions)

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Less: provision (benefit) for income taxes (USD, millions)

Equity in net income of affiliates (USD, millions)

Net income (loss) (USD, millions)

Less: net (income) loss attributable to the non-controlling interest (USD, millions)

Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. (USD, millions)

Basic earnings (loss) per share of common stock attributable to Dun & Bradstreet Holdings, Inc. (USD)

Diluted earnings (loss) per share of common stock attributable to Dun & Bradstreet Holdings, Inc. (USD)

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Dun & Bradstreet Holdings (DNB)

Financials