Dun & Bradstreet Corp. (NYSE:DNB) Q1 2018 Earnings Conference Call - Final Transcript
May 10, 2018 • 08:00 am ET
Richard H. Veldran
tax rate due to tax reform. As we said on the last call, as a result of tax reform, we expect our go-forward annual tax rate to be in the mid-20% range. The remainder is primarily due to growth in operating income.
Turning to the balance sheet, we ended the quarter with $1.3 billion of debt. Our cash balance at the end of the quarter was $188.1 million for net debt of $1.1 billion. We repatriated almost $300 million of cash in March, which we used to pay down debt. At the end of the quarter, our debt included about $600 million of fixed rate senior notes and about $700 million of floating rate debt.
With that, we'll now open up the call for your questions. Operator?