EXHIBIT 99(b) EQUIFAX INC. PRO FORMA CONSOLIDATED BALANCE SHEET (Unaudited) March 31, 1997 -------------------------------------------------------- Pro Forma (In thousands) Historical Adjustments Pro Forma - ---------------------------------------------------- --------------- ----------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 48,405 $ (4,471) (2a) $ 43,934 Accounts receivable 305,906 (88,635) (2a) 217,271 Deferred income tax assets 34,964 (4,753) (2a) 30,211 Due from ChoicePoint - 92,593 (2a) - (13,000) (2c) ( 79,593) (2d) Other current assets 56,118 (10,894) (2a) 45,224 Total current assets 445,393 (108,753) 336,640 ---------- ---------- ---------- PROPERTY AND EQUIPMENT: Land, buildings and improvements 33,963 (11,435) (2a) 22,528 Data processing equipment and furniture 264,193 (70,704) (2a) 193,489 ---------- ----------- ---------- 298,156 (82,139) 216,017 Less accumulated depreciation (161,916) 43,504 (2a) (118,412) 136,240 (38,635) 97,605 ---------- ----------- ---------- GOODWILL 471,319 (121,309) (2a) 350,010 ---------- ----------- ---------- PURCHASED DATA FILES 100,888 - 100,888 ---------- ----------- ---------- OTHER ASSETS 214,185 (50,217) (2a) 163,968 ---------- ----------- ---------- $ 1,368,025 $ (318,914) $1,049,111 ========== ========== ========== LIABILITIES AND SHAREHOLDERS' EQUITY CURENT LIABILITIES: Short-term debt and current maturities of long-term debt $ 76,349 $ (864) (2a) $ 75,485 Accounts payable 86,715 (13,537) (2a) 73,178 Accrued salaries and bonuses 29,400 (9,791) (2a) 19,609 Income taxes payable 24,362 (457) (2a) 23,905 Other current liabilities 168,097 (23,616) (2a) 144,481 Total current liabilities 384,923 (48,265) 336,658 --------- -------- -------- LONG-TERM DEBT , LESS CURRENT MATURITIES 331,762 (872) (2a) 222,297 (29,000) (2b) ( 79,593) (2d) ---------- --------- -------- POSTRETIREMENT BENEFIT OBLIGATIONS 79,572 (55,650) (2a) 23,922 --------- --------- -------- LONG-TERM DEFERRED REVENUE 40,555 - 40,555 ---------- --------- -------- OTHER LONG-TERM LIABILITIES 75,220 (3,660) (2a) 71,560 --------- --------- -------- SHAREHOLDERS' EQUITY: Common stock 214,244 - 214,244 Paid-in capital 217,131 - 217,131 Retained earnings 428,527 (117,962) (2a) 326,565 29,000 (2b) (13,000) (2c) Cumulative foreign currency translation adjustment (9,059) 88 (2a) (8,971) Treasury stock (330,283) - (330,283) Stock held by employee benefits trusts (64,567) - (64,567) --------- --------- -------- Total shareholders' equity 455,993 (101,874) 354,119 $1,368,025 $ (318,914) $1,049,111 ========= ========= =========
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