Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND INVESTMENTS (Tables)

v3.5.0.2
ACQUISITIONS AND INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The preliminary valuation of acquired assets and assumed liabilities at the date of the acquisition, include the following:
 
 
(In millions)
Cash
 
$
22.7

Accounts receivable and other current assets
 
35.3

Other assets
 
41.6

Identifiable intangible assets (1)
 
654.6

Goodwill (2)
 
1,404.3

Total assets acquired
 
$
2,158.5

Debt(3)
 
(189.5
)
Other current liabilities
 
(37.5
)
Other liabilities
 
(174.3
)
Non-controlling interest
 
(6.7
)
Net assets acquired
 
$
1,750.5


(1)    Identifiable intangible assets are further disaggregated in the table below.
(2)    The goodwill is included in the International segment and is not deductible for tax purposes.
(3)    The Veda debt of $191 million was paid in full on March 10, 2016.
Schedule of Definite-Lived Intangible Assets Acquired as Part of Business Combination
 
 
Fair value
 
Weighted-average useful life
Definite-lived intangible assets:
 
(In millions)
 
(In years)
Customer relationships
 
$
163.5

 
15.0
Acquired software and technology
 
104.1

 
4.3
Purchased data files
 
373.4

 
15.0
Non-compete agreements
 
3.8

 
1.0
Trade names and other intangible assets
 
9.8

 
1.0
Total acquired intangibles
 
$
654.6

 
13.0
Schedule of Pro Forma Information
The following table presents unaudited consolidated pro forma information as if our acquisition of Veda had occurred at the beginning of the earliest period presented. The pro forma amounts may not be necessarily indicative of the operating revenues and results of operations had the acquisition actually taken place at the beginning of the earliest period presented. Furthermore, the pro forma information may not be indicative of future performance.

 
 
Three months ended June 30,
 
 
2015
 
 
As Reported
 
Pro Forma
 
 
(In millions, except per share data)
Operating revenues
 
$
678.1

 
$
748.1

Net income attributable to Equifax
 
111.0

 
113.0

Net income per share (basic)
 
0.94

 
0.95

Net income per share (diluted)
 
0.92

 
0.93


 
 
Six months ended June 30,
 
 
2016
 
2015
 
 
As Reported
 
Pro Forma
 
As Reported
 
Pro Forma
 
 
(In millions, except per share data)
Operating revenues
 
$
1,539.6

 
$
1,577.7

 
$
1,329.9

 
$
1,465.5

Net income attributable to Equifax
 
233.0

 
232.3

 
199.3

 
202.4

Net income per share (basic)
 
1.96

 
1.95

 
1.67

 
1.70

Net income per share (diluted)
 
1.93

 
1.92

 
1.64

 
1.67