Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 412.6 $ 285.2
Trade accounts receivable, net of allowance for doubtful accounts of $18.3 and $19.1 at September 30, 2023 and December 31, 2022, respectively 967.9 857.7
Prepaid expenses 142.0 134.3
Other current assets 74.9 93.3
Total current assets 1,597.4 1,370.5
Property and equipment:    
Capitalized internal-use software and system costs 2,428.2 2,139.1
Data processing equipment and furniture 286.3 281.4
Land, buildings and improvements 267.1 261.6
Total property and equipment 2,981.6 2,682.1
Less accumulated depreciation and amortization (1,218.0) (1,095.1)
Total property and equipment, net 1,763.6 1,587.0
Noncurrent assets:    
Goodwill 6,730.8 6,383.9
Indefinite-lived intangible assets 95.1 94.8
Purchased intangible assets, net 1,903.9 1,818.5
Other assets, net 258.1 293.2
Total assets 12,348.9 11,547.9
Current liabilities:    
Short-term debt and current maturities of long-term debt 501.0 967.2
Accounts payable 190.7 250.8
Accrued expenses 267.1 229.0
Accrued salaries and bonuses 173.7 138.7
Deferred revenue 115.2 132.9
Other current liabilities 334.1 296.6
Total current liabilities 1,581.8 2,015.2
Noncurrent liabilities:    
Long-term debt 5,500.4 4,820.1
Deferred income tax liabilities, net 468.8 460.3
Long-term pension and other postretirement benefit liabilities 97.7 100.4
Other long-term liabilities 215.6 178.6
Total liabilities 7,864.3 7,574.6
Commitments and Contingencies (see Note 6)
Redeemable noncontrolling interests 175.5 0.0
Equifax shareholders' equity:    
Preferred stock, $0.01 par value: Authorized shares - 10.0; Issued shares - none 0.0 0.0
Common stock, $1.25 par value: Authorized shares - 300.0; Issued shares - 189.3 at September 30, 2023 and December 31, 2022; Outstanding shares - 123.2 and 122.5 at September 30, 2023 and December 31, 2022, respectively 236.6 236.6
Paid-in capital 1,736.6 1,594.2
Retained earnings 5,524.5 5,256.0
Accumulated other comprehensive loss (563.9) (473.7)
Treasury stock, at cost, 65.5 shares and 66.2 shares at September 30, 2023 and December 31, 2022, respectively (2,634.6) (2,650.7)
Stock held by employee benefit trusts, at cost, 0.6 shares at September 30, 2023 and December 31, 2022 (5.9) (5.9)
Total Equifax shareholders’ equity 4,293.3 3,956.5
Noncontrolling interests 15.8 16.8
Total shareholders' equity 4,309.1 3,973.3
Total liabilities, redeemable noncontrolling interests, and shareholders' equity $ 12,348.9 $ 11,547.9