EXHIBIT 12
EQUIFAX INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
Years Ended December 31
(Unaudited)
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1992 1993 1994 1995 1996 1997
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Income from continuing operations before 144,269 110,801 193,538 223,140 262,549 323,138
income taxes and accounting changes
Add:
Capitalized interest - - - - - -
Debt issuance costs & commitment fees 618 676 687 1,027 724 872
Interest expense 3,031 8,742 12,986 15,342 16,439 20,797
Imputed interest on operating leases 7,152 6,172 7,605 9,704 10,087 10,484
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Earnings, as adjusted 155,070 126,391 214,816 249,213 289,799 355,291
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Fixed charges:
Capitalized interest - - - - - -
Debt issuance costs & commitment fees 618 676 687 1,027 724 872
Interest expense 3,031 8,742 12,986 15,342 16,439 20,797
Imputed interest on operating leases 7,152 6,172 7,605 9,704 10,087 10,484
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Total fixed charges 10,801 15,590 21,278 26,073 27,250 32,153
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Ratio of earnings to fixed charges 14.4 8.1 10.1 9.6 10.6 11.1
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