Equifax 2009 Annual Report Download - page 25

On February 27, 2009, we notified the lessor of our headquarters to account for this lease obligation as a capital lease. We have
building in Atlanta, Georgia, that we intend to exercise our purchase recorded the building and the related obligation on our Consolidated
option in accordance with the lease terms. By making this notifica- Balance Sheets at December 31, 2009. For additional information
tion, we committed to purchase the building for $29.0 million on regarding our headquarters building lease, see Note 5 of the Notes
February 26, 2010. The exercise of our purchase option caused us to the Consolidated Financial Statements in this report.
Acquisitions and Investments
Net cash used in: Twelve Months Ended December 31, Change
(Dollars in millions) 2009 2008 2007 2009 vs. 2008 2008 vs. 2007
Acquisitions, net of cash acquired $ 196.0 $ 27.4 $ 303.8 $ 168.6 $ (276.4)
Investment in unconsolidated affiliates $ 3.4 $ 3.7 $ — $ (0.3) $ 3.7
2009 Acquisitions and Investments. On December 23, 2009, as a marketing, collections, portfolio management and customer man-
part of our long-term growth strategy of expanding into emerging agement efforts across different product segments. The results of
markets, we formed a joint venture, Equifax Credit Information Ser- this acquisition have been included in our U.S. Consumer Informa-
vices Private Limited, or ECIS, to provide a broad range of credit tion Solutions operating segment subsequent to the acquisition
data and information solutions in India. This joint venture is pending date.
regulatory approval. We paid cash consideration of $5.2 million for
our 49 percent equity interest in ECIS. We financed these purchases through borrowings under our Senior
Credit Facility, which were subsequently refinanced through the issu-
On November 2, 2009, to further enhance our income and identity ance in November 2009 of our 4.45%, five-year unsecured Senior
verification service offerings, we acquired Rapid Reporting Verifica- Notes. The 4.45% Senior Notes are further described in Note 4 of
tion Company, a provider of IRS tax transcript information and social the Notes to the Consolidated Financial Statements in this report.
security number authentication services, for $72.5 million. The
results of this acquisition have been included in our TALX operating On August 12, 2009, in order to enhance our Mortgage Solutions
segment subsequent to the acquisition. business market share, we acquired certain assets and specified
liabilities of a small mortgage credit reporting reseller for cash con-
On October 27, 2009, we acquired IXI Corporation, a provider of sideration of $3.8 million. The results of this acquisition have been
consumer wealth and asset data, for $124.0 million. This acquisition included in our U.S. Consumer Information Solutions segment sub-
enables us to offer more differentiated and in-depth consumer sequent to the acquisition date.
income, wealth and other data to help our clients improve their
EQUIFAX 2009 ANNUAL REPORT 23
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