Equifax 2013 Annual Report Download - page 19

33 EQUIFAX 2013 ANNUAL REPORT
Twelve Months Ended December 31,
2013 2012 2011
(In millions)
Equifax
Shareholders Noncontrolling Interests Total Equifax Shareholders Noncontrolling Interests Total Equifax Shareholders Noncontrolling Interests Total
Net income $351.8 $ 8.1 $359.9 $272.1 $ 8.7 $280.8 $232.9 $8.8 $241.7
Other comprehensive income:
Foreign currency translation adjustment (24.9) (2.9) (27.8) 5.7 (0.3) 5.4 11.5 — 11.5
Change in unrecognized prior service cost
and actuarial gains (losses) related to our
pension and other postretirement benefit
plans, net 74.2 — 74.2 23.9 — 23.9 (59.0) — (59.0)
Change in cumulative loss from cash flow
hedging transactions 0.1 — 0.1 0.2 — 0.2 0.2 — 0.2
Comprehensive income $401.2 $ 5.2 $406.4 $301.9 $ 8.4 $310.3 $185.6 $8.8 $194.4
See Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
34 EQUIFAX 2013 ANNUAL REPORT
December 31,
(In millions, except par values) 2013 2012
ASSETS
Current assets:
Cash and cash equivalents $ 235.9 $ 146.8
Trade accounts receivable, net of allowance for doubtful accounts of $6.8 and $6.3 at December 31, 2013 and
2012, respectively 309.7 317.0
Prepaid expenses 34.5 26.2
Other current assets 68.3 48.7
Total current assets 648.4 538.7
Property and equipment:
Capitalized internal-use software and system costs 388.0 369.9
Data processing equipment and furniture 188.0 198.4
Land, buildings and improvements 185.2 177.0
Total property and equipment 761.2 745.3
Less accumulated depreciation and amortization (472.3) (461.6)
Total property and equipment, net 288.9 283.7
Goodwill 2,395.1 2,290.4
Indefinite-lived intangible assets 95.5 254.5
Purchased intangible assets, net 973.2 987.7
Other assets, net 138.8 165.1
Total assets $ 4,539.9 $ 4,520.1
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt and current maturities $ 296.5 $ 283.3
Accounts payable 19.9 25.1
Accrued expenses 95.4 84.9
Accrued salaries and bonuses 90.2 104.7
Deferred revenue 61.8 57.9
Other current liabilities 98.7 90.6
Total current liabilities 662.5 646.5
Long-term debt 1,145.5 1,447.4
Deferred income tax liabilities, net 263.7 236.7
Long-term pension and other postretirement benefit liabilities 72.4 176.3
Other long-term liabilities 54.8 54.0
Total liabilities 2,198.9 2,560.9
Commitments and Contingencies (see Note 7)
Equifax shareholders’ equity:
Preferred stock, $0.01 par value: Authorized shares − 10.0; Issued shares − none ——
Common stock, $1.25 par value: Authorized shares − 300.0; Issued shares − 189.3 at December 31, 2013 and
2012; Outstanding shares − 121.9 and 120.4 at December 31, 2013 and 2012, respectively 236.6 236.6
Paid-in capital 1,174.6 1,139.6
Retained earnings 3,309.2 3,064.6
Accumulated other comprehensive loss (312.6) (362.0)
Treasury stock, at cost, 66.8 shares and 68.3 shares at December 31, 2013 and 2012, respectively (2,101.2) (2,139.7)
Stock held by employee benefits trusts, at cost, 0.6 shares at December 31, 2013 and 2012 (5.9) (5.9)
Total Equifax shareholders’ equity 2,300.7 1,933.2
Noncontrolling interests 40.3 26.0
Total equity 2,341.0 1,959.2
Total liabilities and equity $ 4,539.9 $ 4,520.1
See Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS