Equifax 2004 Annual Report Download - page 51

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49
C O N S O L I D A T E D B A L A N C E S H E E T S
December 31,
(in millions, except par values)
2004
2003
ASSETS
Current Assets:
Cash and cash equivalents
$ 52.1
$ 38.1
Trade accounts receivable, net of allowance for doubtful accounts
of $9.3 in 2004 and $11.9 in 2003
195.1
172.5
Other receivables
8.9
13.0
Deferred income tax assets
13.2
14.4
Other current assets
29.8
42.1
Current assets from discontinued operations
0.5
5.8
Total current assets
299.6
285.9
Property and Equipment:
Land, buildings and improvements
30.2
29.5
Data processing equipment and furniture
309.6
300.4
339.8
329.9
Less accumulated depreciation
198.0
183.3
141.8
146.6
Goodwill, net
747.5
724.3
Purchased Intangible Assets, net
281.3
296.2
Other Assets, net
87.0
91.4
Assets of Discontinued Operations
–
8.9
–
–
$ 1,557.2
$1,553.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term debt and current maturities
$
255.7
$
160.5
Accounts payable
9.7
12.5
Accrued salaries and bonuses
28.8
32.8
Other current liabilities
162.4
144.9
Current liabilities from discontinued operations
0.3
4.1
Total current liabilities
456.9
354.8
Long-Term Debt
398.5
663.0
Deferred Revenue
9.8
12.0
Deferred Income Tax Liabilities
38.6
19.3
Other Long-Term Liabilities
129.8
124.1
Liabilities of Discontinued Operations
–
8.6
–
–
Total liabilities
1,033.6
1,181.8
Commitments and Contingencies
Shareholders’ Equity:
Preferred stock, $0.01 par value: Authorized – 10.0; Issued
–
none
–
–
–
–
Common stock, $1.25 par value: Authorized shares
–
300.0; Issued shares
–
182.0 in
2004 and 180.4 in 2003; Outstanding shares
–
129.4 in 2004 and 132.7 in 2003
227.5
225.5
Paid-in capital
466.9
432.5
Retained earnings
1,298.8
1,079.0
Accumulated other comprehensive loss
(267.0)
(296.1)
Treasury stock, at cost, 47.7 shares in 2004 and 42.3 shares in 2003
(1,133.4)
(995.5)
Stock held by employee benefi ts trusts, at cost, 4.9 shares in 2004 and 5.4 shares in 2003
(69.2)
(73.9)
Total shareholders’ equity
523.6
371.5
$ 1,557.2
$1,553.3
See Notes to Consolidated Financial Statements.