Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Consolidated net income $ 126.1 $ 113.5
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 166.6 152.2
Stock-based compensation expense 41.2 39.7
Deferred income taxes (17.9) (11.9)
Gain on fair market value adjustment of equity investments 0.0 (3.1)
Changes in assets and liabilities, excluding effects of acquisitions:    
Accounts receivable, net (102.5) (60.8)
Other assets, current and long-term (15.2) (25.0)
Current and long term liabilities, excluding debt 54.4 (53.7)
Cash provided by operating activities 252.7 150.9
Investing activities:    
Capital expenditures (131.9) (158.3)
Acquisitions, net of cash acquired 0.0 (4.3)
Cash used in investing activities (131.9) (162.6)
Financing activities:    
Net short-term payments (83.4) (160.8)
Payments on long-term debt (4.4) 0.0
Borrowings on long-term debt 0.0 175.0
Dividends paid to Equifax shareholders (48.2) (47.9)
Distributions paid to noncontrolling interests (0.4) 0.0
Proceeds from exercise of stock options and employee stock purchase plan 19.9 6.6
Payment of taxes related to settlement of equity awards (15.4) (15.9)
Debt issuance costs 0.0 (0.3)
Cash used in financing activities (131.9) (43.3)
Effect of foreign currency exchange rates on cash and cash equivalents (4.7) 2.3
Decrease in cash and cash equivalents (15.8) (52.7)
Cash and cash equivalents, beginning of period 216.8 285.2
Cash and cash equivalents, end of period $ 201.0 $ 232.5