Equifax 2007 Annual Report Download - page 84

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
82 EQUIFAX | 2007 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13.
QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly fi nancial data for 2007 and 2006 were as follows:
Three Months Ended
(In millions, except per share data) March 31, June 30, September 30, December 31,
2007
Operating revenue $405.1 $454.5 $492.5 $490.9
Operating income $117.0 $119.8 $129.2 $120.2
Net income $ 69.0 $ 70.1 $ 67.9 $ 65.7
Basic earnings per common share* $ 0.55 $ 0.52 $ 0.49 $ 0.50
Diluted earnings per common share* $ 0.54 $ 0.51 $ 0.48 $ 0.49
Three Months Ended
(In millions, except per share data) March 31, June 30, September 30, December 31,
2006
Operating revenue $374.0 $387.7 $394.6 $390.0
Operating income $109.2 $ 96.4 $120.6 $109.9
Net income $ 62.9 $ 69.6 $ 78.9 $ 63.1
Basic earnings per common share* $ 0.49 $ 0.54 $ 0.62 $ 0.50
Diluted earnings per common share* $ 0.48 $ 0.53 $ 0.61 $ 0.50
* The sum of the quarterly EPS does not equal the annual EPS due to changes in the weighted-average shares between periods.
The comparability of our quarterly fi nancial results during
2007 and 2006 were impacted by certain events, as follows:
• During 2007 and 2006, we made several acquisitions,
including TALX and a credit reporting business located in
Peru during 2007 and Austin-Tetra during 2006. For additional
information about these acquisitions, see Note 2 of the Notes
to Consolidated Financial Statements.
• During the second and third quarters of 2006, there were
several litigation matters that had an impact on our
Consolidated Financial Statements, including litigation loss
contingencies recorded by our North America Personal
Solutions and USCIS operating segments and the non-taxable
gain related to our settlement of claims we had against the
former owners of Naviant, Inc. discussed further in Note 5.
• During the fourth quarter of 2006, we recorded a severance
charge of $6.4 million ($4.0 million, net of tax) related to
an organizational realignment.