Equifax 2008 Annual Report Download - page 37

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28FEB200910255904
CONSOLIDATED STATEMENTS OF INCOME
Twelve Months Ended
December 31,
(In millions, except per share amounts) 2008 2007 2006
Operating revenue $ 1,935.7 $ 1,843.0 $ 1,546.3
Operating expenses:
Cost of services (exclusive of depreciation and amortization below) 778.8 752.0 626.4
Selling, general and administrative expenses 524.3 477.1 401.0
Depreciation and amortization 155.4 127.7 82.8
Total operating expenses 1,458.5 1,356.8 1,110.2
Operating income 477.2 486.2 436.1
Interest expense (71.3) (58.5) (31.9)
Minority interests in earnings, net of tax (6.2) (6.1) (4.5)
Other income, net 6.2 3.0 16.2
Income before income taxes 405.9 424.6 415.9
Provision for income taxes (133.1) (151.9) (141.4)
Net income $ 272.8 $ 272.7 $ 274.5
Basic earnings per common share $ 2.13 $ 2.07 $ 2.16
Weighted-average shares used in computing basic earnings per
share 128.1 132.0 127.1
Diluted earnings per common share $ 2.09 $ 2.02 $ 2.12
Weighted-average shares used in computing diluted earnings per
share 130.4 135.1 129.4
Dividends per common share $ 0.16 $ 0.16 $ 0.16
See Notes to Consolidated Financial Statements.
2008 ANNUAL REPORT 35