Equifax 2010 Annual Report Download - page 13

The table below summarizes our selected historical financial information for each of the last five years. The summary of operations data for the
years ended December 31, 2010, 2009 and 2008, and the balance sheet data as of December 31, 2010 and 2009, have been derived from
our audited Consolidated Financial Statements included in this report. The summary of operations data for the years ended December 31,
2007 and 2006, and the balance sheet data as of December 31, 2008, 2007 and 2006, have been derived from our audited Consolidated
Financial Statements not included in this report. The historical selected financial information may not be indicative of our future performance
and should be read in conjunction with the information contained in Management’s Discussion and Analysis of Financial Condition and
Results of Operations, and the Consolidated Financial Statements and the accompanying Notes to the Consolidated Financial Statements
in this report.
Twelve Months Ended
December 31,
(In millions, except per share data) 2010 2009
(1)(2)(4)
2008
(2)(4)
2007
(5)
2006
(4)
Summary of Operations:
Operating revenue $1,859.5 $1,716.0 $1,813.6 $1,706.7 $1,409.3
Operating expenses $1,429.5 $1,334.2 $1,374.6 $1,261.7 $1,004.1
Operating income $ 430.0 $ 381.8 $ 439.0 $ 445.0 $ 405.2
Consolidated income from continuing operations $ 243.3 $ 224.4 $ 254.9 $ 252.7 $ 259.5
Discontinued operations, net of tax
(6)
$ 31.5 $ 16.1 $ 24.1 $ 26.1 $ 19.5
Net income attributable to Equifax $ 266.7 $ 233.9 $ 272.8 $ 272.7 $ 274.5
Dividends paid to Equifax shareholders $ 35.2 $ 20.2 $ 20.5 $ 20.7 $ 20.3
Diluted earnings per common share
Net income from continuing operations attributable to
Equifax $ 1.86 $ 1.70 $ 1.91 $ 1.83 $ 1.97
Discontinued operations attributable to Equifax $ 0.25 $ 0.13 $ 0.18 $ 0.19 $ 0.15
Net income attributable to Equifax $ 2.11 $ 1.83 $ 2.09 $ 2.02 $ 2.12
Cash dividends declared per common share $ 0.28 $ 0.16 $ 0.16 $ 0.16 $ 0.16
Weighted-average common shares outstanding (diluted)
(5)
126.5 127.9 130.4 135.1 129.4
As of December 31,
(In millions) 2010 2009
(1)
2008 2007
(3)(5)
2006
Balance Sheet Data:
Total assets $3,433.6 $3,550.5 $3,260.3 $3,523.9 $1,790.6
Short-term debt and current maturities $ 20.7 $ 183.2 $ 31.9 $ 222.1 $ 330.0
Long-term debt, net of current portion $ 978.9 $ 990.9 $1,187.4 $1,165.2 $ 173.9
Total debt, net $ 999.6 $1,174.1 $1,219.3 $1,387.3 $ 503.9
Shareholders’ equity $1,708.4 $1,615.0 $1,323.5 $1,408.0 $ 844.2
(1) On October 27, 2009, we acquired IXI Corporation for $124.0 million. On November 2, 2009, we acquired Rapid Reporting Verification
Company for $72.5 million. The results of these acquisitions are included in our Consolidated Financial Statements subsequent to the
acquisition dates. For additional information about these acquisitions, see Note 3 of the Notes to Consolidated Financial Statements in
this report.
(2) During 2009 and 2008, we recorded restructuring and asset write-down charges of $24.8 million and $16.8 million, respectively
($15.8 million and $10.5 million, respectively, net of tax). For additional information about these charges, see Note 11 of the Notes to the
Consolidated Financial Statements in this report.
(3) During 2007, total debt increased as a result of our issuance of $550.0 million of ten- and thirty-year fixed rate senior notes during the
second quarter, our assumption of $75.0 million in senior guaranteed notes of TALX due 2012, and the commencement of a commercial
paper program for general corporate purposes.
(4) During 2009, we recorded a $7.3 million income tax benefit related to our ability to utilize foreign tax credits beyond 2009. In 2008 and
2006, we recorded income tax benefits of $14.6 million and $9.5 million, respectively, related to uncertain tax positions for which the
statute of limitations expired.
(5) On May 15, 2007, we acquired all the outstanding shares of TALX. Under the terms of the transaction, we issued 20.6 million shares of
Equifax common stock and 1.9 million fully-vested options to purchase Equifax common stock, and paid approximately $288.1 million in
cash, net of cash acquired. We also assumed TALX’s outstanding debt, which had a fair value totaling $177.6 million at May 15, 2007.
The results of TALX’s operations are included in our Consolidated Financial Statements beginning on the date of acquisition.
(6) On April 23, 2010, we sold our APPRO loan origination software business (‘‘APPRO’’) for approximately $72 million. On July 1, 2010, we
sold the assets of our Direct Marketing Services division (‘‘DMS’’) for approximately $117 million. Both of these were previously reported
in our U.S. Consumer Information Solutions segment. We have presented the APPRO and DMS operations as discontinued operations
for all periods presented. For additional information about these divestitures, see Note 2 of the Notes to Consolidated Financial
Statements in this report.
SELECTED FINANCIAL DATA
EQUIFAX 2010 ANNUAL REPORT 11
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