(in thousands, except per share amounts)

Operating revenues

Cost of services (excluding depreciation and amortization shown below)

Selling, general and administrative expenses

Depreciation and amortization

Total operating expenses

Operating income

Interest expense:

Interest income

Interest expense

Total interest expense, net

)

)

(Loss)/gain on investments and other, net

Income from continuing operations before equity in earnings/(losses) of affiliates and income taxes

Provision for income taxes

Income from continuing operations before equity in earnings/(losses) of affiliates

Equity in earnings/(losses) of affiliates, net of tax

Net income from continuing operations

Income/(loss) from discontinued operations, net of tax

Net income

Basic income per share:

Net income from continuing operations

Income/(loss) from discontinued operations, net of tax

Net income

Diluted income per share:

Net income from continuing operations

Income/(loss) from discontinued operations, net of tax

Net income

Weighted-average common shares outstanding:

Basic

Diluted

(in thousands, except par value)

Assets

Current assets:

Cash and cash equivalents

Accounts receivable (less allowance for credit losses of $7,236 and $7,161 as of March 31, 2020 and December 31, 2019, respectively)

Prepaid expenses and other current assets

Total current assets

Property and equipment, net

Operating lease assets

Goodwill, net

Other intangible assets, net

Capitalized data and database costs, net

Investment in affiliates, net

Other assets

Total assets

Liabilities and Equity

Current liabilities:

Accounts payable and other accrued expenses

Accrued salaries and benefits

Contract liabilities, current

Current portion of long-term debt

Operating lease liabilities, current

Total current liabilities

Long-term debt, net of current

Contract liabilities, net of current

Deferred income tax liabilities

Operating lease liabilities, net of current

Other liabilities

Total liabilities

Stockholders' equity:

Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding

Common stock, $0.00001 par value; 180,000 shares authorized; 79,411 and 78,972 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

Additional paid-in capital

Retained earnings

Accumulated other comprehensive loss

Total stockholders' equity

Total liabilities and equity

(in thousands)

Cash flows from operating activities:

Net income

Less: Income/(loss) from discontinued operations, net of tax

Net income from continuing operations

Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:

Depreciation and amortization

Amortization of debt issuance costs

Amortization of operating lease assets

Provision for bad debt and claim losses

Share-based compensation

Equity in (earnings)/losses of affiliates, net of taxes

)

Deferred income tax

Loss/(gain) on investments and other, net

)

Change in operating assets and liabilities, net of acquisitions:

Accounts receivable

)

)

Prepaid expenses and other current assets

)

Accounts payable and other accrued expenses

)

)

Contract liabilities

Income taxes

Dividends received from investments in affiliates

Other assets and other liabilities

Net cash provided by operating activities - continuing operations

Net cash provided by operating activities - discontinued operations

Total cash provided by operating activities

Cash flows from investing activities:

Purchases of property and equipment

)

)

Purchases of capitalized data and other intangible assets

)

)

Cash paid for acquisitions, net of cash acquired

)

Purchases of investments

)

Cash received from sale of business-lines

Proceeds from investments and other

Net cash used in investing activities - continuing operations

)

)

Net cash provided by investing activities - discontinued operations

Total cash used in investing activities

Cash flows from financing activities:

Repayment of long-term debt

)

)

Proceeds from issuance of shares in connection with share-based compensation

Payment of tax withholdings related to net share settlements

)

)

Shares repurchased and retired

)

Dividends paid

)

Contingent consideration payments subsequent to acquisitions

Net cash used in financing activities - continuing operations

)

)

Net cash provided by financing activities - discontinued operations

Total cash used in financing activities

Effect of exchange rate on cash, cash equivalents, and restricted cash

)

)

Net change in cash, cash equivalents, and restricted cash

Cash, cash equivalents, and restricted cash at beginning of period

Less: Change in cash, cash equivalents, and restricted cash - discontinued operations

Plus: Cash swept from discontinued operations

Cash, cash equivalents, and restricted cash at end of period

(in thousands)

Net income/(loss) from continuing operations

)

—

Income taxes

Depreciation and amortization

Interest expense/(income), net

)

Share-based compensation

Non-operating losses/(gains)

)

Efficiency investments and other

Transaction costs

Adjusted EBITDA

(in thousands)

Net income/(loss) from continuing operations

)

—

Income taxes

Depreciation and amortization

Interest expense, net

Share-based compensation

Non-operating losses

Efficiency investments and other

Transaction costs

Adjusted EBITDA

(Diluted income per share)

Net income from continuing operations

Share-based compensation

Non-operating losses

Efficiency investments and other

Transaction costs

Depreciation and amortization of acquired software and intangibles

Income tax effect on adjustments

Adjusted EPS

(in thousands)

Net cash provided by operating activities - continuing operations

Purchases of property and equipment

)

Purchases of capitalized data and other intangible assets

Free cash flow