Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED)

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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2011
QUARTERLY FINANCIAL DATA (UNAUDITED)

14.  QUARTERLY FINANCIAL DATA (UNAUDITED)

 

Quarterly financial data for 2011 and 2010 was as follows:

 

    Three Months Ended  
2011   March 31,     June 30,     September 30,     December 31,  
    (In millions, except per share data)  
Operating revenue   $ 472.6     $ 487.1     $ 490.4     $ 509.7  
Operating income   $ 109.1     $ 114.6     $ 121.6     $ 125.7  
Consolidated income from continuing operations   $ 59.3     $ 37.1     $ 69.3     $ 74.5  
Discontinued operations, net of tax   $ -     $ -     $ -     $ 1.5  
Consolidated net income   $ 59.3     $ 37.1     $ 69.3     $ 76.0  
Net income attributable to Equifax   $ 57.3     $ 34.5     $ 66.7     $ 74.4  
Basic earnings per common share*                                
Net income from continuing operations attributable to Equifax   $ 0.47     $ 0.28     $ 0.55     $ 0.61  
Discontinued operations attributable to Equifax   $ -     $ -     $ -     $ 0.01  
Net income attributable to Equifax   $ 0.47     $ 0.28     $ 0.55     $ 0.62  
Diluted earnings per common share*                                
Net income from continuing operations attributable to Equifax   $ 0.46     $ 0.28     $ 0.54     $ 0.60  
Discontinued operations attributable to Equifax   $ -     $ -     $ -     $ 0.01  
Net income attributable to Equifax   $ 0.46     $ 0.28     $ 0.54     $ 0.61  

 

    Three Months Ended  
2010   March 31,     June 30,     September 30,     December 31,  
    (In millions, except per share data)  
Operating revenue   $ 443.0     $ 460.7     $ 473.8     $ 482.0  
Operating income   $ 104.3     $ 105.8     $ 110.2     $ 109.7  
Consolidated income from continuing operations   $ 55.9     $ 59.8     $ 63.6     $ 64.0  
Discontinued operations, net of tax   $ 2.7     $ 13.6     $ 15.2     $ -  
Consolidated net income   $ 58.6     $ 73.4     $ 78.8     $ 64.0  
Net income attributable to Equifax   $ 56.7     $ 71.3     $ 76.5     $ 62.2  
Basic earnings per common share*                                
Net income from continuing operations attributable to Equifax   $ 0.43     $ 0.46     $ 0.50     $ 0.51  
Discontinued operations attributable to Equifax   $ 0.02     $ 0.11     $ 0.12     $ -  
Net income attributable to Equifax   $ 0.45     $ 0.57     $ 0.62     $ 0.51  
Diluted earnings per common share*                                
Net income from continuing operations attributable to Equifax   $ 0.42     $ 0.45     $ 0.49     $ 0.50  
Discontinued operations attributable to Equifax   $ 0.02     $ 0.11     $ 0.12     $ -  
Net income attributable to Equifax   $ 0.44     $ 0.56     $ 0.61     $ 0.50  

 

* The sum of the quarterly EPS does not equal the annual EPS due to changes in the weighted-average shares between periods.

  

The comparability of our quarterly financial results during 2011 and 2010 was impacted by certain events, as follows:

 

•

During 2011 and 2010, we made several acquisitions, including DataVision Resources during the third quarter of 2011, and Anakam, Inc. during the fourth quarter of 2010. For additional information about our acquisitions, see Note 4 of the Notes to Consolidated Financial Statements.

 
•

During the second quarter of 2011, we completed the merger of our Brazilian business with Boa Vista Serviços S.A. (“BVS”) in exchange for a 15% equity interest in BVS, which was accounted for as a sale and deconsolidated (the “Brazilian Transaction”). For additional information about the merger, see Note 2 of the Notes to Consolidated Financial Statements.

 
• During the second quarter of 2010, we sold our APPRO loan origination software business (“APPRO”) for approximately $72 million.  During the third quarter of 2010, we sold the assets of our Direct Marketing Services division (“DMS”) for approximately $117 million.  Both of these were previously reported in our U.S. Consumer Information Solutions segment.  We have presented the APPRO and DMS operations as discontinued operations for all periods presented. For additional information about these divestitures, see Note 3 of the Notes to Consolidated Financial Statements in this report.