Exhibit 99.2
NORMALIZED CONSOLIDATED FINANCIAL DATA
The following unaudited consolidated statements of income for the years ended
December 31, 1998, 1999, and 2000 (by quarter), and for the three months ended
March 31, 2001 have been prepared from the historical statements of Equifax, but
have been normalized to exclude the results of Certegy and divested operations.
They have also been normalized with certain other adjustments including
adjusting interest and other income assuming proceeds from divestitures were
received at the beginning of the period and that Certegy had assumed a portion
of the Equifax debt. See item 9 for a more detailed discussion of these
adjustments.
Exhibit 99.2(a)
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
STAND-ALONE EQUIFAX INC. (NORMALIZED)
(In thousands, except per share amounts)
1998 1999 2000 2001
-------- -------- ------------------------------------------------------ --------
Total Total Total
Year Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Qtr 1
-------- -------- ------------------------------------------------------ --------
Revenue.......................... $857,269 $917,011 $230,932 $262,707 $281,213 $281,057 $1,055,909 $285,208
Operating Expenses............... 618,098 649,627 173,173 195,871 200,688 191,359 761,091 214,936
-------- -------- -------- -------- -------- -------- ---------- --------
Operating Income................. 239,171 267,384 57,759 66,836 80,525 89,698 294,818 70,272
Interest Expense............... (20,991) (32,921) (9,355) (12,812) (13,818) (12,277) (48,262) (12,926)
Other Income................... 9,553 11,006 2,112 2,833 2,713 3,440 11,098 1,607
-------- -------- -------- -------- -------- -------- ---------- --------
Income Before Taxes and
Minority Interests............ 227,733 245,469 50,516 56,857 69,420 80,861 257,654 58,953
Tax Expense.................... 91,550 98,138 20,245 22,813 27,846 32,334 103,238 23,904
Minority Interest Expense...... (5,498) (7,270) (1,379) (1,484) (1,833) (2,380) (7,076) (934)
-------- -------- -------- -------- -------- -------- ---------- --------
Net Income....................... $130,685 $140,061 $ 28,892 $ 32,560 $ 39,741 $ 46,147 $ 147,340 $ 34,115
======== ======== ======== ======== ======== ======== ========== ========
Average Diluted Shares........... 144,403 139,603 135,150 135,777 135,796 137,280 136,016 137,612
-------- -------- -------- -------- -------- -------- ---------- --------
Diluted EPS...................... $0.91 $1.00 $0.21 $0.24 $0.29 $0.34 $1.08 $0.25
======== ======== ======== ======== ======== ======== ========== ========
Exhibit 99.2(b)
SEGMENT REVENUE AND OPERATING INCOME (UNAUDITED)
STAND-ALONE EQUIFAX INC. (NORMALIZED)
(In thousands)
1998 1999 2000 2001
-------- -------- ------------------------------------------------------- ----------
Total Total Total
Year Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Qtr 1
-------- -------- -------- -------- -------- -------- ----------- ----------
Revenue:
North American Information Services $616,709 $633,126 $163,594 $170,469 $170,534 $168,766 $ 673,363 $181,925
Consumer Information Services - - - 24,314 42,918 43,300 110,532 37,908
Equifax Europe 127,001 148,711 35,986 35,819 34,637 36,416 142,858 35,784
Equifax Latin America 103,923 125,538 28,943 29,696 30,715 30,166 119,520 27,182
Other Information Services 9,636 9,636 2,409 2,409 2,409 2,409 9,636 2,409
-------- -------- -------- -------- -------- -------- ---------- --------
$857,269 $917,011 $230,932 $262,707 $281,213 $281,057 $1,055,909 $285,208
======== ======== ======== ======== ======== ======== ========== ========
Operating Income:
North America Information Services $248,898 $261,025 $ 60,050 $ 70,565 $ 71,736 $ 72,174 $ 274,525 $ 72,169
Consumer Information Services - - - (1,973) 3,298 6,577 7,902 3,724
Equifax Europe (7,043) 4,739 969 2,732 3,227 6,808 13,736 (404)
Equifax Latin America 26,121 28,759 6,014 6,987 9,637 8,873 31,511 5,336
Other Information Services 8,866 8,868 2,217 2,217 2,217 2,217 8,868 2,217
-------- -------- -------- -------- -------- -------- ---------- --------
276,842 303,391 69,250 80,528 90,115 96,649 336,542 83,042
General Corporate (37,671) (36,007) (11,491) (13,692) (9,590) (6,951) (41,724) (12,770)
-------- -------- -------- -------- -------- -------- ---------- --------
$239,171 $267,384 $ 57,759 $ 66,836 $ 80,525 $ 89,698 $ 294,818 $ 70,272
======== ======== ======== ======== ======== ======== ========== ========
Exhibit 99.2(c)
RECONCILIATION OF EARNINGS PER SHARE FROM
CONTINUING OPERATIONS TO EARNINGS PER SHARE
FROM STAND-ALONE EQUIFAX INC. (NORMALIZED)
(UNAUDITED)
1998 1999 2000 2001
--------- -------- ----------------------------------------------------- --------
Total Total Total
Year Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Qtr 1
--------- -------- ----------------------------------------------------- --------
EPS, Continuing operations $ 0.89 $ 0.98 $ 0.19 $ 0.22 $ 0.26 $ 0.29 $ 0.96 $ 0.23
Exclude income from divested
operations, net of reduced
interest expense and other income
from proceeds............................ (0.03) (0.05) (0.01) (0.01) - 0.02 - -
Reduction in interest expense due
to debt pushdown to Certegy.............. 0.05 0.08 0.02 0.02 0.02 0.02 0.08 0.02
Income taxes, Continuing operations
rate vs normalized rate.................. - (0.01) 0.01 0.01 0.01 0.01 0.04 -
-------- -------- -------- -------- -------- -------- -------- --------
EPS, Normalized............................ $ 0.91 $ 1.00 $ 0.21 $ 0.24 $ 0.29 $ 0.34 $ 1.08 $ 0.25
======== ======== ======== ======== ======== ======== ======== ========
Average Diluted Shares (in thousands) 144,403 139,603 135,150 135,777 135,796 137,280 136,016 137,612
Exhibit 99.2(d)
NET INCOME, AVERAGE DILUTED SHARES,
AND DILUTED EARNINGS PER SHARE (UNAUDITED)
STAND-ALONE EQUIFAX INC. (NORMALIZED)
(In thousands, except per share amounts)
Avg Diluted Diluted
Net Income Shares EPS
---------- ----------- -------
2000 $147,340 136,016 $1.08
1999 140,061 139,603 1.00
1998 130,685 144,403 0.91
1997 134,435 147,818 0.91
1996 115,625 149,207 0.77
Exhibit 99.2(e)
REVENUE, OPERATING INCOME AND EBITDA (UNAUDITED)
STAND-ALONE EQUIFAX INC. (NORMALIZED)
(In thousands)
Operating
Revenue Income EBITDA
------- --------- ------
2000 $1,055,909 $294,818 $393,263
1999 917,011 267,384 347,217
1998 857,269 239,171 305,034
1997 703,016 218,156 269,095
1996 609,664 180,872 227,471
1995 514,566 155,732 189,141
1994 448,720 125,841 156,523
1993 421,878 109,532 141,759
1992 386,681 87,089 120,453
1991 346,575 73,229 106,648