Equifax 2006 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2006 Equifax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

50 EQUIFAX 2006 ANNUAL REPORT
CONSOLIDATED BALANCE SHEETS
December 31,
(In millions, except par values) 2006 2005
ASSETS
Current assets:
Cash and cash equivalents $ 67.8 $ 37.5
Trade accounts receivable, net of allowance for doubtful accounts of
$8.7 and $9.6 at December 31, 2006 and 2005, respectively 244.8 216.0
Prepaid expenses 21.5 17.9
Other current assets 11.1 9.0
Total current assets 345.2 280.4
Property and equipment:
Capitalized internal-use software and system costs 243.8 205.9
Data processing equipment and furniture 132.2 124.5
Land, buildings and improvements 29.7 29.1
Total property and equipment 405.7 359.5
Less accumulated depreciation and amortization (243.8) (202.7)
Total property and equipment, net 161.9 156.8
Goodwill 842.0 791.2
Indefi nite-lived intangible assets 95.2 95.0
Purchased intangible assets, net 242.2 263.4
Prepaid pension asset 47.7 183.7
Other assets, net 56.4 61.0
Total assets $ 1,790.6 $1 ,831.5
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt and current maturities $ 330.0 $ 92.3
Accounts payable 23.5 5.9
Accrued expenses 62.0 54.0
Accrued salaries and bonuses 41.9 40.7
Deferred revenue 62.7 49.2
Other current liabilities 62.0 52.4
Total current liabilities 582.1 294.5
Long-term debt 173.9 463.8
Deferred income tax liabilities, net 70.8 126.1
Long-term pension and other postretirement benefi t liabilities 65.3 56.2
Other long-term liabilities 60.4 70.6
Total liabilities 952.5 1,011.2
Commitments and Contingencies (see Note 6)
Shareholders’ equity:
Preferred stock, $0.01 par value: Authorized shares – 10.0; Issued shares – none – –
Common stock, $1.25 par value: Authorized shares – 300.0; Issued shares – 186.3 and
185.2 at December 31, 2006 and 2005, respectively; outstanding shares – 124.7 and
129.2 at December 31, 2006 and 2005, respectively 232.9 231.5
Paid-in capital 609.2 559.0
Retained earnings 1,778.6 1,525.1
Accumulated other comprehensive loss (232.2) (157.8)
Treasury stock, at cost, 57.7 shares and 51.7 shares at December 31, 2006
and 2005, respectively (1,490.9) (1,274.6)
Stock held by employee benefi ts trusts, at cost, 3.9 shares and 4.3 shares
at December 31, 2006 and 2005, respectively (59.5) (62.9)
Total shareholders’ equity 838.1 820.3
Total liabilities and shareholders’ equity $ 1,790.6 $ 1,831.5
See Notes to Consolidated Financial Statements.