Equifax 2000 Annual Report Download - page 33

During 1998, the Company acquired, made equity investments, or increased its ownership in the
following businesses:
Month Industry Percentage
Business Acquired Segment Ownership
Unnisa Ltda. (Brazil) September Card Solutions 59.3%
Proceda S.A. (Brazil) September Card Solutions 34.0%
Segurança ao Crédito e Informações (SCI-Brazil) August Latin America 80.0%
Credit Bureau of Vancouver (Canada) July North America 100.0%
Equifax Canada Inc. July North America 100.0%1
Decisioneering Group, Inc. July North America 100.0%
ASNEF-Equifax Servicios de Informacion
de Credito, S.L. (Spain) May Europe 58.0%2
Infocorp (Peru) April Latin America 51.0%3
CCI Group Plc (U.K.) March Europe 100.0%
1Increased to 100.0% from 84.4%
2Increased from 49.0% acquired in 1994
3Increased from 35.0% acquired with DICOM S.A. in 1994
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued...
32
In 1998, in addition to the businesses above, the
Company acquired the credit files of 14 credit
affiliates located in the United States and the
collection businesses of Computer Sciences
Corporation (CSC), which was subsequently sold
(Note 8). Also, during the first quarter of 1998, the
Company obtained the control necessary and
began to consolidate the operations of its 66.7%
owned investment in Organizacion Veraz S.A.
in Argentina. The investment in Proceda S.A.,
along with increases in certain other equity
investments, totaled $22.8 million and were
accounted for under the equity method. They
were purchased with cash and recorded as
other assets. The remaining 1998 business and
credit file acquisitions were accounted for as
purchases and had an aggregate purchase price
of $491,076,000. They were purchased with a
combination of cash totaling $485,076,000 and
the reissuance of treasury stock with a fair market
value of $6,000,000. These acquisitions and the
consolidation of Veraz resulted in $389,013,000
of goodwill, $86,259,000 of purchased data files,
and $22,170,000 of other assets (primarily soft-
ware and deferred systems costs). These alloca-
tions include $26.0 million reallocated from other
assets related to investments in companies pre-
viously accounted for under the equity method.
Their results of operations have been included in
the consolidated statements of income from the
dates of acquisition. The following unaudited
pro forma information has been prepared as if
these acquisitions had occurred on January 1,
1998. The information is based on the historical
results of the separate companies, and may not
necessarily be indicative of the results that could
have been achieved, or of results that may occur
in the future.
(In thousands, except per share amounts) 1998
Revenue $1,751,184
Net income 181,598
Net income per common share (diluted) 1.26
"3.DIVESTITURES
In September 2000, the Company sold its 50%
interest in a credit card processing operation in
India. In October 2000, the Company sold its
risk management businesses located in the
U.S., Canada, and the U.K., and in December
2000 sold its vehicle information business in
the U.K. as well as a direct marketing business