Equifax 2011 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, 2011, 2010 and 2009, and the balance sheet data as of December 31, 2011 and 2010, have been derived from
our audited Consolidated Financial Statements included in this report. The summary of operations data for the years ended December 31,
2008 and 2007, and the balance sheet data as of December 31, 2009, 2008 and 2007, 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) 2011
(6)
2010
(5)
2009
(1)(2)(3)
2008
(2)(3)
2007
(4)
Summary of Operations:
Operating revenue $1,959.8 $1,859.5 $1,716.0 $1,813.6 $1,706.7
Operating expenses $1,488.8 $1,429.5 $1,334.2 $1,374.6 $1,261.7
Operating income $ 471.0 $ 430.0 $ 381.8 $ 439.0 $ 445.0
Consolidated income from continuing operations $ 240.2 $ 243.3 $ 224.4 $ 254.9 $ 252.7
Discontinued operations, net of tax
(5)
$ 1.5 $ 31.5 $ 16.1 $ 24.1 $ 26.1
Net income attributable to Equifax $ 232.9 $ 266.7 $ 233.9 $ 272.8 $ 272.7
Dividends paid to Equifax shareholders $ 78.1 $ 35.2 $ 20.2 $ 20.5 $ 20.7
Diluted earnings per common share
Net income from continuing operations attributable to
Equifax $ 1.87 $ 1.86 $ 1.70 $ 1.91 $ 1.83
Discontinued operations attributable to Equifax 0.01 0.25 0.13 0.18 0.19
Net income attributable to Equifax $ 1.88 $ 2.11 $ 1.83 $ 2.09 $ 2.02
Cash dividends declared per common share $ 0.64 $ 0.28 $ 0.16 $ 0.16 $ 0.16
Weighted-average common shares outstanding (diluted) 123.7 126.5 127.9 130.4 135.1
As of December 31,
(In millions) 2011 2010 2009
(1)
2008 2007
(4)
Balance Sheet Data:
Total assets $3,508.6 $3,437.5 $3,550.5 $3,260.3 $3,523.9
Short-term debt and current maturities $ 47.2 $ 20.7 $ 183.2 $ 31.9 $ 222.1
Long-term debt, net of current portion $ 966.0 $ 978.9 $ 990.9 $1,187.4 $1,165.2
Total debt, net $1,013.2 $ 999.6 $1,174.1 $1,219.3 $1,387.3
Total equity $1,722.1 $1,708.4 $1,615.0 $1,323.5 $1,408.0
(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 4 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 the 2009 charges, see Note 12 of the Notes to
the Consolidated Financial Statements in this report.
(3) 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.
(4) On May 15, 2007 we acquired all of 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.
(5) On April 23, 2010, we sold our APPRO product line (‘‘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 3 of the Notes to Consolidated Financial Statements in
this report.
(6) On May 31, 2011, we completed the merger of our Brazilian business with Boa Vista Serviços S.A. (‘‘BVS’’) in exchange for a 15% equity
interest in BVS, which was accounted for as a sale and was deconsolidated. BVS, an unrelated third party whose results we do not
consolidate, is the second largest consumer and commercial credit information company in Brazil.
SELECTED FINANCIAL DATA
EQUIFAX 2011 ANNUAL REPORT 11