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, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
 
Quarterly financial data for 2017 and 2016 was as follows:
 
 
Three Months Ended
2017
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
(In millions, except per share data)
Operating revenue
 
$
832.2

 
$
856.7

 
$
834.8

 
$
838.5

Operating income
 
$
216.8

 
$
264.1

 
$
152.9

 
$
190.9

Consolidated net income
 
$
155.4

 
$
167.6

 
$
100.5

 
$
174.4

Net income attributable to Equifax
 
$
153.3

 
$
165.4

 
$
96.3

 
$
172.3

Basic earnings per share*
 
 

 
 

 
 

 
 

Net income attributable to Equifax
 
$
1.28

 
$
1.37

 
$
0.80

 
$
1.44

Diluted earnings per share*
 
 

 
 

 
 

 
 

Net income attributable to Equifax
 
$
1.26

 
$
1.36

 
$
0.79

 
$
1.42

 
 
 
Three Months Ended
2016
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
(In millions, except per share data)
Operating revenue
 
$
728.3

 
$
811.3

 
$
804.1

 
$
801.1

Operating income
 
$
176.2

 
$
225.7

 
$
212.1

 
$
203.9

Consolidated net income
 
$
102.4

 
$
133.0

 
$
134.9

 
$
124.8

Net income attributable to Equifax
 
$
102.1

 
$
130.9

 
$
132.8

 
$
123.0

Basic earnings per share*
 
 

 
 

 
 

 
 

Net income attributable to Equifax
 
$
0.86

 
$
1.10

 
$
1.11

 
$
1.03

Diluted earnings per share*
 
 

 
 

 
 

 
 

Net income attributable to Equifax
 
$
0.85

 
$
1.08

 
$
1.09

 
$
1.01


The sum of the quarterly EPS does not equal the annual EPS due to changes in the weighted-average shares between periods. Other amounts may not equal the annual total due to rounding between periods.
 
The comparability of our quarterly financial results during 2017 and 2016 was impacted by certain events, as follows:

For the year ended December 31, 2017, we recorded $114.0 million in pretax expenses, with $99.8 million within Selling, General and Administrative expenses and $14.2 million of these expenses in Cost of Services related to the Q3 cybersecurity incident. In addition, as a result of the Tax Act the company recorded preliminary adjustments totaling a net tax benefit of $48.3 million in the fourth quarter of 2017.
 
For the year ended December 31, 2016, we recorded $40.2 million ($28.2 million, net of tax) for Veda acquisition related amounts. Of this amount, $30.1 million relates to transaction and integration costs in operating income, $9.2 million is recorded in other income and is the impact of foreign currency changes on the transaction structure, including the economic hedges, and $0.7 million is recorded in interest expense. See Note 3 of the Notes to Consolidated Financial Statements.