Equifax 2006 Annual Report Download - page 51

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CONSOLIDATED STATEMENTS OF INCOME
EQUIFAX 2006 ANNUAL REPORT 49
Twelve Months Ended
December 31,
(In millions, except per share amounts) 2006 2005 2004
Operating revenue $1,546.3 $1,443.4 $1,272.8
Operating expenses:
Cost of services (exclusive of depreciation and amortization expense below) 626.4 594.2 533.9
Selling, general and administrative expenses 401.0 345.0 284.4
Depreciation and amortization 82.8 82.2 78.7
Total operating expenses 1,110.2 1,021.4 897.0
Operating income 436.1 422.0 375.8
Interest expense (31.9) (35.6) (34.9)
Minority interests in earnings, net of tax (4.5) (4.9) (3.2)
Other income, net 16.2 9.2 47.5
Income before income taxes 415.9 390.7 385.2
Provision for income taxes (141.4) (144.2) (147.9)
Income from continuing operations 274.5 246.5 237.3
Loss from discontinued operations, net of income tax benefi t of
$1.5 in 2004 (see Note 12) – – (2.6)
Net income $ 274.5 $ 246.5 $ 234.7
Basic earnings per common share:
Income from continuing operations $ 2.16 $ 1.90 $ 1.81
Loss from discontinued operations – – (0.02)
Net income $ 2.16 $ 1.90 $ 1.79
Shares used in computing basic earnings per share 127.1 129.7 131.3
Diluted earnings per common share:
Income from continuing operations $ 2.12 $ 1.86 $ 1.78
Loss from discontinued operations – – (0.02)
Net income $ 2.12 $ 1.86 $ 1.76
Shares used in computing diluted earnings per share 129.4 132.2 133.5
Dividends per common share $ 0.16 $ 0.15 $ 0.11
See Notes to Consolidated Financial Statements.