Equifax 2007 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2007 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 100

  • 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
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

52 EQUIFAX | 2007 ANNUAL REPORT
CONSOLIDATED STATEMENTS OF INCOME
Twelve Months Ended
December 31,
(In millions, except per share amounts) 2007 2006 2005
Operating revenue $1,843.0 $1,546.3 $1,443.4
Operating expenses:
Cost of services (exclusive of depreciation and amortization below) 752.0 626.4 594.2
Selling, general and administrative expenses 477.1 401.0 345.0
Depreciation and amortization 127.7 82.8 82.2
Total operating expenses 1,356.8 1,110.2 1,021.4
Operating income 486.2 436.1 422.0
Interest expense (58.5) (31.9) (35.6)
Minority interests in earnings, net of tax (6.1) (4.5) (4.9)
Other income, net 3.0 16.2 9.2
Income before income taxes 424.6 415.9 390.7
Provision for income taxes (151.9) (141.4) (144.2)
Net income $ 272.7 $ 274.5 $ 246.5
Basic earnings per common share $ 2.07 $ 2.16 $ 1.90
Weighted-average shares used in computing basic earnings per share 132.0 127.1 129.7
Diluted earnings per common share $ 2.02 $ 2.12 $ 1.86
Weighted-average shares used in computing diluted earnings per share 135.1 129.4 132.2
Dividends per common share $ 0.16 $ 0.16 $ 0.15
See Notes to Consolidated Financial Statements.