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  "documentTitle": "2023 Q3 Financial Results Slides",
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  "notes": "The slide explains the financial impact of IPO-related tax restructuring and provides a table comparing deferred tax assets, liabilities, and net benefits.",
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      "text": "$1B benefit to ZoomInfo and ZoomInfo shareholders\n$12.2M of TRA payments made since inception of TRA agreements",
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      "text": "In connection with our IPO, we entered into two Tax Receivable Agreements with certain former unit holders of DiscoverOrg Holdings LLC (the \"TRA Holders\"). The conversion of these pre-IPO units to common stock, as well as certain restructuring transactions created a step-up in tax basis, resulting in a deferred tax asset. The TRAs generally provide for payment by the Company to the TRA Holders of 85% of the net cash savings, if any, in U.S. federal and state income taxes that the Company realizes from the step-up. The Company benefits from the IPO-related restructuring, including the 15% of TRA savings.",
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      "text": "From time to time, the TRA and its associated deferred tax assets are revalued depending on their future benefit as impacted by changes in tax law and the Company's overall tax posture. The TRA payment period will span through 2036, and potentially into further years. Furthermore, the TRA payments typically only occur after the Company exhausts its own favorable tax attributes.",
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      "text": "Deferred tax asset attributable to IPO-related restructurings and exchanges: $3,999.3 (2022) / $3,956.5 (2023); Tax receivable agreements liability: $2,978.7 (2022) / $2,964.9 (2023); Future tax benefit to ZoomInfo: $1,020.6 (2022) / $991.6 (2023)",
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