Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.8.0.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract]  
Impact of ASU 2014-09
The effect of the adoption on key financial statement line items for the quarter ended March 31, 2018 is as follows:

 
 
Three Months Ended March 31, 2018
Change
Income Statement
 
Prior to ASU 2014-09 adoption
 
As reported under ASU 2014-09
 
$
 
%
 
 
(In millions, except per share data)
Operating revenue
 
$
865.1

 
$
865.7

 
$
0.6

 
—
%
Consolidated income from operations before income taxes
 
$
122.6

 
$
123.2

 
$
0.6

 
—
%
Consolidated net income
 
$
93.4

 
$
93.8

 
$
0.4

 
—
%
Net income attributable to Equifax
 
$
90.5

 
$
90.9

 
$
0.4

 
—
%
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
0.76

 
$
0.76

 
$
—

 
—
%
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
0.75

 
$
0.75

 
$
—

 
—
%

 
 
March 31, 2018
Change
Balance Sheet
 
Prior to ASU 2014-09 adoption
 
As reported under ASU 2014-09
 
$
 
%
 
 
(In millions)
Other current assets
 
$
82.7

 
$
83.0

 
$
0.3

 
—
%
Other assets, net
 
$
146.6

 
$
152.3

 
$
5.7

 
4
%
Total assets
 
$
7,190.1

 
$
7,196.1

 
$
6.0

 
—
%
Deferred income tax liabilities, net
 
$
304.0

 
$
304.9

 
$
0.9

 
—
%
Total liabilities
 
$
3,858.3

 
$
3,859.2

 
$
0.9

 
—
%
Retained earnings
 
$
4,648.0

 
$
4,653.1

 
$
5.1

 
—
%
Total equity
 
$
3,331.8

 
$
3,336.9

 
$
5.1

 
—
%
Total liabilities and equity
 
$
7,190.1

 
$
7,196.1

 
$
6.0

 
—
%
Disaggregation of Revenue
Based on the information management reviews internally for evaluating operating segment performance and nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors, we disaggregate revenue as follows:

 
 
Three Months Ended March 31,
Change
Consolidated Operating Revenue
 
2018
 
2017
 
$
 
%
 
 
(In millions)
 
 
Online Information Solutions
 
$
219.7

 
$
225.2

 
$
(5.5
)
 
(2
)%
Mortgage Solutions
 
41.7

 
38.6

 
$
3.1

 
8
 %
Financial Marketing Services
 
45.5

 
46.3

 
$
(0.8
)
 
(2
)%
Total U.S. Information Solutions
 
306.9

 
310.1

 
$
(3.2
)
 
(1
)%
Asia Pacific
 
82.4

 
72.0

 
$
10.4

 
14
 %
Europe
 
70.6

 
61.7

 
$
8.9

 
15
 %
Latin America
 
56.0

 
51.0

 
$
5.0

 
10
 %
Canada
 
35.5

 
31.5

 
$
4.0

 
13
 %
Total International
 
244.5

 
216.2

 
$
28.3

 
13
 %
Verification Services
 
128.4

 
115.1

 
$
13.3

 
12
 %
Employer Services
 
82.7

 
84.9

 
$
(2.2
)
 
(3
)%
Total Workforce Solutions
 
211.1

 
200.0

 
$
11.1

 
6
 %
Global Consumer Solutions
 
103.2

 
105.9

 
$
(2.7
)
 
(3
)%
Total operating revenue
 
$
865.7

 
$
832.2

 
33.5

 
4
 %
Remaining Performance Obligation
We expect to recognize as revenue the following amounts related to our remaining performance obligations as of March 31, 2018:
Performance Obligation
 
Balance
 
 
(In millions)
Less than 1 year
 
$
53.3

1 to 3 years
 
70.7

3 to 5 years
 
34.9

Thereafter
 
64.4

Total remaining performance obligation
 
$
223.3