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Nielsen Holdings Plc (NLSN) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

NLSN Annual Reports

Nielsen Holdings Plc

CIK: 1492633 Ticker: NLSN

 

Exhibit 99.1

 

News Release

 

 

 

Investor Relations: Sara Gubins, +1 646 654 8153; sara.gubins@nielsen.com

Media Relations: Connie Kim, +1 240 274 9999; connie.kim@nielsen.com

 

Nielsen Reports 4th Quarter and Full Year 2021 Results; Provides 2022 Guidance

 

 

2021 revenues of $3.5 billion increased 4.1% on a reported basis, 3.4% on a constant currency basis & 4.9% organic constant currency, above guidance

 

Net income per share of $1.53 (diluted, from continuing operations) in 2021; Adjusted EPS of $1.81, above guidance 

 

Other key metrics at the high end or above guidance ranges 

 

Executed on key product milestones in 2021; on track to deliver Nielsen ONE cross-media measurement solution in 2022

 

2022 guidance issued; progressing toward medium-term targets

 

Board of Directors approves $1 billion share repurchase authorization 

New York – February 28, 2022 –

Nielsen Holdings plc (NYSE: NLSN) announced fourth quarter and full year 2021 results. For the full year, revenues increased 4.1% on a reported basis, 3.4% on a constant currency basis, and 4.9% on an organic constant currency basis, above guidance. Adjusted EBITDA and Adjusted EPS exceeded the guidance range, and Free Cash Flow was at the high end of the guidance range. Nielsen also issued 2022 guidance and announced a $1 billion share repurchase authorization.

David Kenny, Chief Executive Officer, commented, “We delivered strong results in 2021. We successfully sold Nielsen Global Connect, hit significant product milestones, and exceeded all of our original 2021 guidance metrics despite facing some unanticipated challenges. We are strongly positioned within the media ecosystem, with growing relevance as audiences shift to streaming, and we are delivering value to clients across our three essential solutions. We made measurable progress toward becoming a digital-first company, and our strategy aligns with where growth in the industry is coming from. We are piloting the first iteration of Nielsen ONE, which we launched in January, with a representative group of clients across media buyers and sellers and feedback has been positive.”

“We also made progress on strengthening our balance sheet, reducing our net debt leverage by over half a turn in 2021. We now have the flexibility to return more capital to shareholders while continuing to invest in organic growth initiatives and pursue strategic, tuck-in M&A. Our $1 billion share repurchase authorization reflects our Board’s confidence in both our short and long-term growth prospects and enables us to deliver value to our shareholders.”

Fourth Quarter 2021 Results

Unless indicated otherwise, the results referenced in this press release relate to Nielsen’s continuing operations. Beginning in the first quarter of 2021, our former Global Connect business was sold and therefore reclassified to discontinued operations for all periods presented. For comparability, non-GAAP metrics have been adjusted to exclude certain interest costs, as if the sale of Global Connect and resulting de-levering occurred on January 1, 2020.

 

Our business consists of two major product categories: One Measurement Solutions (“Measurement”) and Impact Marketing Solutions/ Gracenote Content Solutions (“Impact” and “Content” respectively, and together “Impact / Content”). Previously, Measurement was referred to as “Audience Measurement” and Impact / Content was referred to as “Outcomes / Content.” The updated names are a result of Nielsen’s corporate rebranding which we believe better reflects the company’s transformation and focus on the global future of media.

 

 

Fourth quarter revenues of $894 million increased 2.5% on a reported basis, 2.9% on a constant currency basis, and 4.7% on an organic constant currency basis compared to the prior year period. 

 

o

Measurement revenues of $647 million increased 3.7% on a reported basis, 4.0% on a constant currency basis, and 5.2% on an organic constant currency basis compared to the prior year period. Overall growth was solid, with national and digital measurement products showing strength, and a third consecutive quarter of modest growth in local products.  

 

o

Impact / Content revenues of $247 million decreased 0.4% on a reported basis, were flat on a constant currency basis, and increased 3.4% on an organic constant currency basis compared to the prior year period. Revenue in Impact grew in the high single digits on an organic constant currency basis, driven by growth in short-cycle revenue and recovery in the Sports business, offset in part by a timing-related decline in Content.

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The following information was filed by Nielsen Holdings Plc (NLSN) on Monday, February 28, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Nielsen Holdings Plc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income/(Loss)
Consolidated Statements Of Comprehensive Income/(Loss) (Parenthetical)
Consolidated Statements Of Operations
Additional Financial Information
Additional Financial Information (Tables)
Additional Financial Information - Accounts Payable And Other Current Liabilities (Detail)
Business Acquisitions
Business Acquisitions - Additional Information (Detail)
Changes In And Reclassification Out Of Accumulated Other Comprehensive Income/(Loss) By Component
Changes In And Reclassification Out Of Accumulated Other Comprehensive Income/(Loss) By Component (Tables)
Changes In And Reclassification Out Of Accumulated Other Comprehensive Income/(Loss) By Component - Summary Of Changes In Accumulated Other Comprehensive Income/(Loss), Net Of Tax By Component (Detail)
Changes In And Reclassification Out Of Accumulated Other Comprehensive Income/(Loss) By Component - Summary Of Reclassification Of Accumulated Other Comprehensive Loss By Component (Detail)
Changes In And Reclassification Out Of Accumulated Other Comprehensive Income/(Loss) By Component - Summary Of Reclassification Of Accumulated Other Comprehensive Loss By Component (Parenthetical) (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Minimum Annual Payments Under Nielsen's Purchase Obligations (Detail)
Condensed Financial Information Of Registrant - Additional Information (Detail)
Condensed Financial Information Of Registrant - Balance Sheets (Detail)
Condensed Financial Information Of Registrant - Statement Of Cash Flow (Detail)
Condensed Financial Information Of Registrant - Statement Of Operations (Detail)
Description Of Business, Basis Of Presentation And Significant Accounting Policies
Description Of Business, Basis Of Presentation And Significant Accounting Policies (Policies)
Description Of Business, Basis Of Presentation And Significant Accounting Policies - Additional Information (Detail)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Additional Information (Detail)
Discontinued Operations - Operating And Investing Cash Flows From Discontinued Operations (Detail)
Discontinued Operations - Operating And Investing Cash Flows From Discontinued Operations (Parenthetical) (Detail)
Discontinued Operations - Summary Of Major Classes Of Assets And Liabilities Of Discontinued Operations (Detail)
Discontinued Operations - Summary Of Major Classes Of Line Items Constituting Net Income From Discontinued Operations, Net Of Tax (Detail)
Discontinued Operations - Summary Of Major Classes Of Line Items Constituting Net Income From Discontinued Operations, Net Of Tax (Parenthetical) (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Derivatives In Effective Cash Flow Hedging Relationships (Detail)
Fair Value Measurements - Fair Values Of Derivative Instruments In Consolidated Balance Sheets (Detail)
Fair Value Measurements - Financial Assets And Liabilities Measured On Recurring Basis (Detail)
Fair Value Measurements - Financial Assets And Liabilities Measured On Recurring Basis (Parenthetical) (Detail)
Fair Value Measurements - Schedule Of Effect Of Cash Flow Hedge Accounting On Consolidated Statement Of Operations (Detail)
Fair Value Measurements - Summary Of U.S Dollar Term Loan To Fixed Rate Outstanding Interest Rate Swaps (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Detail)
Goodwill And Other Intangible Assets - Other Intangible Assets (Detail)
Goodwill And Other Intangible Assets - Summary Of Changes In Carrying Amount Of Goodwill (Detail)
Goodwill And Other Intangible Assets - Summary Of Estimated Future Amortization Expense (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Current And Non-Current Deferred Income Tax Assets/(Liabilities) (Detail)
Income Taxes - Components Of Income/(Loss) Before Income Taxes And Equity In Net Income(Loss) Of Affiliates (Detail)
Income Taxes - Provision For Income Taxes Attributable To Income/(Loss) Before Income Taxes And Equity In Net Income/(Loss) Of Affiliates (Detail)
Income Taxes - Schedule Of Provision For Income Taxes As Per Uk Federal Income Tax Rates (Detail)
Income Taxes - Schedule Of Reconciliation Of Beginning And Ending Amount Of Gross Uncertain Tax Positions (Detail)
Investments In Affiliates And Related Party Transactions
Investments In Affiliates And Related Party Transactions - Additional Information (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Components Of Lease Expense (Detail)
Leases - Schedule Of Annual Maturities Of Lease Liabilities (Detail)
Leases - Supplemental Balance Sheet Information Related To Leases (Detail)
Long-Term Debt And Other Financing Arrangements
Long-Term Debt And Other Financing Arrangements (Tables)
Long-Term Debt And Other Financing Arrangements - Additional Information (Detail)
Long-Term Debt And Other Financing Arrangements - Annual Maturities Of Long-Term Debt (Detail)
Long-Term Debt And Other Financing Arrangements - Schedule Of Long-Term Debt Currency Wise (Detail)
Long-Term Debt And Other Financing Arrangements - Summary Of Long-Term Debt (Detail)
Long-Term Debt And Other Financing Arrangements - Summary Of Long-Term Debt (Parenthetical) (Detail)
Pensions And Other Post-Retirement Benefits
Pensions And Other Post-Retirement Benefits (Tables)
Pensions And Other Post-Retirement Benefits - Additional Information (Detail)
Pensions And Other Post-Retirement Benefits - Assets At Fair Value (Detail)
Pensions And Other Post-Retirement Benefits - Estimated Future Benefit Payments (Detail)
Pensions And Other Post-Retirement Benefits - Net Periodic Benefit Cost (Detail)
Pensions And Other Post-Retirement Benefits - Summary Of Changes In Fair Value Of Pension Plans Level 3 Assets (Detail)
Pensions And Other Post-Retirement Benefits - Summary Of Pension Plans (Detail)
Pensions And Other Post-Retirement Benefits - Total Accumulated Benefit Obligation And Minimum Liability Changes For Pension Plans (Detail)
Pensions And Other Post-Retirement Benefits - Weighted Average Asset Allocation By Asset Category (Detail)
Pensions And Other Post-Retirement Benefits - Weighted Average Assumptions Underlying Pension Computations (Detail)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Additional Information (Detail)
Property, Plant And Equipment - Schedule Of Property, Plant And Equipment (Detail)
Restructuring Activities
Restructuring Activities (Tables)
Restructuring Activities - Additional Information (Detail)
Restructuring Activities - Summary Of Changes In Liabilities For Restructuring Activities (Detail)
Restructuring Activities - Summary Of Changes In Liabilities For Restructuring Activities (Parenthetical) (Detail)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Detail)
Revenue Recognition - Schedule Of Allowance For Doubtful Accounts Rollforward Incorporating Expected Credit Losses (Detail)
Revenue Recognition - Summary Of Contract Assets And Contract Liabilities From Contracts With Customers (Detail)
Revenue Recognition - Summary Of Revenue Disaggregated By Major Product Offerings And Timing Of Revenue Recognition (Detail)
Schedule I-Condensed Financial Information Of Registrant
Schedule Ii-Valuation And Qualifying Accounts
Segments
Segments (Tables)
Segments - Business Segment Information (Detail)
Segments - Geographic Segment Information (Detail)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Detail)
Share-Based Compensation - Summary Of Assumptions Used For Grants Of Time And Performance Based Awards (Detail)
Share-Based Compensation - Summary Of Restricted Stock Units (Detail)
Share-Based Compensation - Summary Of Stock Option Plan Activity (Detail)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Additional Information (Detail)
Shareholders' Equity - Common Stock Activity (Detail)
Subsequent Events
Subsequent Events - Additional Information (Detail)
Summary Of Recent Accounting Pronouncements
Summary Of Recent Accounting Pronouncements - Additional Information (Detail)
Valuation And Qualifying Accounts (Detail)
Ticker: NLSN
CIK: 1492633
Form Type: 10-K Annual Report
Accession Number: 0001564590-22-007612
Submitted to the SEC: Mon Feb 28 2022 4:07:49 PM EST
Accepted by the SEC: Mon Feb 28 2022
Period: Friday, December 31, 2021
Industry: Business Services

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