Equifax 2010 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2010 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 80

  • 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

December 31,
(In millions, except par values) 2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 119.4 $ 103.1
Trade accounts receivable, net of allowance for doubtful accounts of $7.5 and $15.1
at December 31, 2010 and 2009, respectively 262.6 258.7
Prepaid expenses 26.1 27.6
Other current assets 21.1 27.4
Total current assets 429.2 416.8
Property and equipment:
Capitalized internal-use software and system costs 315.9 316.6
Data processing equipment and furniture 181.0 184.2
Land, buildings and improvements 169.5 164.5
Total property and equipment 666.4 665.3
Less accumulated depreciation and amortization (368.0) (346.0)
Total property and equipment, net 298.4 319.3
Goodwill 1,914.7 1,943.2
Indefinite-lived intangible assets 95.6 95.5
Purchased intangible assets, net 593.9 687.0
Other assets, net 101.8 88.7
Total assets $ 3,433.6 $ 3,550.5
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt and current maturities $ 20.7 $ 183.2
Accounts payable 24.6 35.9
Accrued expenses 61.9 67.7
Accrued salaries and bonuses 71.9 58.1
Deferred revenue 58.7 69.8
Other current liabilities 81.7 77.5
Total current liabilities 319.5 492.2
Long-term debt 978.9 990.9
Deferred income tax liabilities, net 244.2 249.3
Long-term pension and other postretirement benefit liabilities 129.0 142.5
Other long-term liabilities 53.6 60.6
Total liabilities 1,725.2 1,935.5
Commitments and Contingencies (see Note 6)
Equifax 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 — 189.3 at
December 31, 2010 and 2009; Outstanding shares — 122.6 and 126.2 at
December 31, 2010 and 2009, respectively 236.6 236.6
Paid-in capital 1,105.8 1,102.0
Retained earnings 2,725.7 2,494.2
Accumulated other comprehensive loss (344.5) (318.7)
Treasury stock, at cost, 64.6 shares and 61.0 shares at December 31, 2010 and 2009, respectively (1,991.0) (1,871.7)
Stock held by employee benefits trusts, at cost, 2.1 shares at December 31, 2010 and 2009 (41.2) (41.2)
Total Equifax shareholders’ equity 1,691.4 1,601.2
Noncontrolling interests 17.0 13.8
Total equity 1,708.4 1,615.0
Total liabilities and equity $ 3,433.6 $ 3,550.5
See Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS
EQUIFAX 2010 ANNUAL REPORT
38
38