Equifax 2001 Annual Report Download - page 34

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32
Equifax
Consolidated Statements of Income
(In millions, except per share amounts)
Year Ended December 31 2001 2000 1999
Operating revenue $1,139.0 $1,189.2 $1,092.7
Costs and expenses:
Costs of services 488.7 562.3 559.9
Selling, general and administrative expenses 336.1 318.3 246.5
Restructuring and other charges (Note 5) 60.4 ––
Total costs and expenses 885.2 880.6 806.4
Operating income 253.8 308.6 286.3
Other income (expense), net (1.2) 3.7 10.8
Interest expense (47.8) (55.8) (42.2)
Minority interests in earnings (2.2) (7.1) (7.3)
Income from continuing operations before income taxes 202.6 249.4 247.6
Provision for income taxes (85.3) (108.3) (99.9)
Income from continuing operations 117.3 141.1 147.7
Discontinued operations (Note 2):
Income from discontinued operations, net of income
taxes of $21.4, $49.1, and $50.2, respectively 33.6 86.9 68.2
Costs associated with effecting the spin-off, net of
income tax benefit of $8.1 (28.4) ––
Total discontinued operations 5.2 86.9 68.2
Net income $ 122.5 $ 228.0 $ 215.9
Per common share (basic):
Income from continuing operations $ 0.86 $ 1.05 $ 1.07
Discontinued operations 0.04 0.65 0.50
Net income $ 0.90 $ 1.70 $ 1.57
Shares used in computing basic earnings per share 136.8 134.4 137.5
Per common share (diluted):
Income from continuing operations $ 0.84 $ 1.04 $ 1.06
Discontinued operations 0.04 0.64 0.49
Net income $ 0.88 $ 1.68 $ 1.55
Shares used in computing diluted earnings per share 139.0 136.0 139.6
Dividends per common share $ 0.225 $ 0.370 $ 0.363
See Notes to Consolidated Financial Statements.