EXHIBIT 12 EQUIFAX INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands)
Years Ended December 31 (Unaudited) ----------------------- 1992 1993 1994 1995 1996 1997 ---- ---- ---- ---- ---- ---- 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 ------- ------- ------- ------- -------- ------- Earnings, as adjusted 155,070 126,391 214,816 249,213 289,799 355,291 ======= ======= ======= ======= ======== ======= 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 ------- ------- ------- ------- -------- ------- Total fixed charges 10,801 15,590 21,278 26,073 27,250 32,153 ======= ======= ======= ======= ======== ======= Ratio of earnings to fixed charges 14.4 8.1 10.1 9.6 10.6 11.1 ==== ==== ==== === ==== ====