Equifax 2006 Annual Report Download - page 35

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MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
EQUIFAX 2006 ANNUAL REPORT 33
Segment Financial Results
Our segment results for the twelve months ended December 31, 2005 and 2004 were as follows:
% of % of
(Dollars in millions) 2005 Revenue 2004 Revenue $ Change % Change
Operating Revenue
North America
Information Services $ 806.3 55% $ 707.1 56% $ 99.2 14%
Marketing Services 253.7 18% 236.1 19% 17.6 7%
Personal Solutions 114.7 8% 96.1 7% 18.6 19%
Total North America 1,174.7 81% 1,039.3 82% 135.4 13%
Europe 142.0 10% 142.0 11% – 0%
Latin America 126.7 9% 91.5 7% 35.2 38%
Total operating revenue $1,443.4 100% $1,272.8 100% $170.6 13%
Operating Operating
(Dollars in millions) 2005 Margin 2004 Margin $ Change % Change
Operating Income
North America
Information Services $ 345.5 42.8% $ 299.5 42.4% $ 46.0 15%
Marketing Services 85.2 33.5% 74.4 31.5% 10.8 15%
Marketing Services asset
impairment and related charges – 0.0% (2.4) (1.0)% 2.4 nm
Marketing Services, net 85.2 33.5% 72.0 30.5% 13.2 18%
Personal Solutions 13.5 11.8% 17.6 18.3% (4.1) (23)%
Total North America 444.2 37.8% 389.1 37.4% 55.1 14%
Europe 33.4 23.5% 30.0 21.1% 3.4 11%
Latin America 33.3 26.3% 17.0 18.6% 16.3 96%
General Corporate Expense (88.9) nm (60.3) nm (28.6) (47)%
Total operating income $ 422.0 29.2% $ 375.8 29.5% $ 46.2 12%
nm – not meaningful
Our North America revenue for the twelve months ended December 31, 2005 and 2004 was as follows:
% of % of
(Dollars in millions) 2005 Revenue 2004 Revenue $ Change % Change
North America Operating Revenue
U.S. Consumer and
Commercial Services $ 610.4 52% $ 532.6 51% $ 77.8 15%
Mortgage Solutions 85.1 7% 75.5 7% 9.6 13%
Canadian Operations 110.8 9% 99.0 10% 11.8 12%
Total North America
Information Services 806.3 68% 707.1 68% 99.2 14%
Credit Marketing Services 150.7 13% 139.5 14% 11.2 8%
Direct Marketing Services 103.0 9% 96.6 9% 6.4 7%
Total Marketing Services 253.7 22% 236.1 23% 17.6 7%
Personal Solutions 114.7 10% 96.1 9% 18.6 19%
Total North America
operating revenue $1,174.7 100% $1,039.3 100% $135.4 13%