Equifax 2000 Annual Report Download - page 25

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CONSOLIDATED STATEMENTS OF INCOME
24
FINANCIAL REVIEW
(In thousands, except per share amounts)
Year Ended December 31 2000 1999 1998
Operating revenue $1,965,881 $1,772,694 $1,620,978
Costs and expenses:
Costs of services 1,119,148 1,032,389 943,833
Selling, general and administrative expenses 391,318 325,766 311,493
Total costs and expenses 1,510,466 1,358,155 1,255,326
Operating income 455,415 414,539 365,652
Other income, net 5,905 12,356 4,294
Interest expense 75,951 60,971 42,701
Income before income taxes 385,369 365,924 327,245
Provision for income taxes 157,347 150,047 133,812
Net income $ 228,022 $ 215,877 $ 193,433
Net income per common share (basic) $ 1.70 $ 1.57 $ 1.37
Shares used in computing basic earnings per share 134,400 137,457 141,397
Net income per common share (diluted) $ 1.68 $ 1.55 $ 1.34
Shares used in computing diluted earnings per share 136,016 139,603 144,403
Dividends per common share $ 0.370 $ 0.363 $ 0.353
The accompanying notes are an integral part of these consolidated statements.