Equifax 2012 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2012 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 1

  • 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

40 Equifax 2012 Annual Report
CONSOLIDATED STATEMENTS OF CASH FLOWS
Twelve Months Ended
December 31,
(In millions) 2012 2011 2010
Operating activities:
Consolidated net income $ 280.8 $ 241.7 $ 274.8
Adjustments to reconcile consolidated net income to net cash provided by
operating activities:
Loss (gain) on divestitures —26.3 (27.1)
Depreciation and amortization 163.4 164.9 167.8
Stock-based compensation expense 28.0 24.4 21.8
Excess tax benefits from stock-based compensation plans (1.7) (1.2) (3.5)
Deferred income taxes (26.5) 3.6 0.1
Pension settlement charge 38.7
Changes in assets and liabilities, excluding effects of acquisitions:
Accounts receivable, net (17.2) (26.6) (3.6)
Prepaid expenses and other current assets (22.5) 2.4 6.1
Other assets (4.0) 15.0 (1.4)
Current liabilities, excluding debt 53.3 1.3 (32.4)
Other long-term liabilities, excluding debt 4.0 (43.1) (50.0)
Cash provided by operating activities 496.3 408.7 352.6
Investing activities:
Capital expenditures (66.0) (75.0) (99.8)
Acquisitions, net of cash acquired (1,016.4) (127.4) (82.6)
Proceeds received from divestitures 2.5 2.5 181.7
Investment in unconsolidated affiliates, net (3.7) (4.2) 1.7
Cash (used in) provided by investing activities (1,083.6) (204.1) 1.0
Financing activities:
Net short-term borrowings (repayments) 234.1 24.4 (134.0)
Net repayments under long-term revolving credit facilities —— (5.0)
Payments on long-term debt (15.2) (16.7) (20.8)
Proceeds from issuance of long-term debt 499.2
Treasury stock purchases (85.1) (142.3) (167.5)
Dividends paid to Equifax shareholders (86.0) (78.1) (35.2)
Dividends paid to noncontrolling interests (4.8) (5.6) (5.1)
Proceeds from exercise of stock options 68.3 23.7 29.3
Excess tax benefits from stock-based compensation plans 1.7 1.2 3.5
Other (5.9) (2.5) (0.5)
Cash provided by (used in) financing activities 606.3 (195.9) (335.3)
Effect of foreign currency exchange rates on cash and cash equivalents 0.1 (0.4) (2.0)
Increase in cash and cash equivalents 19.1 8.3 16.3
Cash and cash equivalents, beginning of period 127.7 119.4 103.1
Cash and cash equivalents, end of period $ 146.8 $ 127.7 $ 119.4
See Notes to Consolidated Financial Statements.