NEUSTAR INC - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - May 4, 2017

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Exhibit 99.1
Neustar Reports Results for First Quarter 2017

STERLING, VA, May 4, 2017 — Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today announced results for the quarter ended March 31, 2017.
Neustar reported revenue of $293.2 million for the first quarter of 2017, with Information Services revenue of $164.9 million. Marketing Services contributed $65.0 million in revenue from services that help customers promote their businesses and mitigate risk. Security Services contributed $46.9 million in revenue from services that direct Internet traffic, resolve Internet queries, protect against DDoS attacks, and administer domain-name registries. Data Services contributed $53.0 million in revenue from services that enable clients to process decisions and transactions in real time. NPAC Services contributed $128.3 million in revenue.
Net income for the first quarter of 2017 totaled $45.4 million, or $0.80 per share.
Neustar ended the quarter with cash and cash equivalents of $47.0 million and outstanding debt under its credit facilities and senior notes of $751.6 million. During the quarter, Neustar paid $77.4 million of principal under its term loan facility, including $50.0 million in voluntary prepayments of principal.
This press release is available on the company’s website under the Investor Relations tab.
About Neustar, Inc.
Every day, the world generates roughly 2.5 quadrillion bits of data. Neustar isolates certain elements and analyzes, simplifies and edits them to make precise and valuable decisions that drive results. As one of the few companies capable of knowing with certainty who is on the other end of every interaction, we’re trusted by the world’s great brands to make critical decisions some 20 billion times a day. We help marketers send timely and relevant messages to the right people. Because we can authoritatively tell a client exactly who is calling or connecting with them, we make critical real-time responses possible. And the same comprehensive information that enables our clients to direct and manage orders also stops attackers. We know when someone isn’t who they claim to be, which helps stop fraud and denial of service before they’re a problem. Because we’re also an experienced manager of some of the world’s most complex databases, we help clients control their online identity, registering and protecting their domain name, and routing traffic to the correct network address. By linking the most essential information with the people who depend on it, we provide more than 11,000 clients worldwide with decisions-not just data. More information is available at www.neustar.biz.





NEUSTAR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
 
 
Three Months Ended 
 March 31,
 
2016
 
2017
 
(unaudited)
Revenue
$
287,298

 
$
293,186

Operating expense:
 
 
 
Cost of revenue (excluding depreciation and amortization shown separately below)
91,351

 
87,916

Sales and marketing
55,323

 
56,557

Research and development
7,549

 
6,672

General and administrative
27,518

 
28,360

Depreciation and amortization
38,482

 
34,927

Restructuring charges
2,664

 
27

Separation costs
—

 
1,789

 
222,887

 
216,248

Income from operations
64,411


76,938

Other (expense) income:
 
 
 
Interest and other expense
(17,111
)
 
(12,271
)
Interest income
174

 
72

Income before income taxes
47,474


64,739

Provision for income taxes
16,099

 
19,296

Net income
$
31,375


$
45,443

Net income per common share:
 
 
 
Basic
$
0.58

 
$
0.82

Diluted
$
0.57

 
$
0.80

Weighted average common shares outstanding:
 
 
 
Basic
53,953

 
55,311

Diluted
54,940

 
57,022






NEUSTAR, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
 
December 31,
2016
 
March 31,
2017
 
(audited)
 
(unaudited)
ASSETS
Current assets:
 
 
 
Cash and cash equivalents
$
45,773

 
$
47,048

Restricted cash
2,283

 
2,141

Accounts receivable, net
207,595

 
188,930

Unbilled receivables
19,795

 
15,618

Prepaid expenses and other current assets
41,680

 
35,867

Deferred costs
11,469

 
10,909

Income taxes receivable
13,586

 
612

Total current assets
342,181

 
301,125

Property and equipment, net
145,821

 
149,363

Goodwill
1,168,982

 
1,172,792

Intangible assets, net
423,957

 
405,429

Other assets, long-term
17,771

 
16,670

Total assets
$
2,098,712

 
$
2,045,379

 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
21,095

 
$
22,569

Accrued expenses
134,545

 
97,959

Deferred revenue
91,188

 
96,035

Notes payable
103,725

 
89,219

Capital lease obligations
1,457

 
470

Other liabilities
11,632

 
9,306

Total current liabilities
363,642

 
315,558

Deferred revenue, long-term
22,437

 
22,850

Notes payable, long-term
702,946

 
642,750

Deferred income tax liabilities, long-term
35,088

 
41,131

Other liabilities, long-term
53,298

 
53,257

Total liabilities
1,177,411

 
1,075,546

Total stockholders’ equity
921,301

 
969,833

Total liabilities and stockholders’ equity
$
2,098,712

 
$
2,045,379






Contact Info:

Investor Relations Contact:
Dave Angelicchio
(571) 434-3443
InvestorRelations@neustar.biz
 
Press Contact:
Carolin Bachmann
(415) 659-6466
PR@neustar.biz



NEUSTAR INC Reports