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
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Consolidated net income $ 291.2 $ 252.9
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 333.5 304.3
Stock-based compensation expense 60.3 52.2
Deferred income taxes (39.6) (5.6)
Gain on fair market value adjustment and gain on sale of equity investments 0.0 (13.6)
Changes in assets and liabilities, excluding effects of acquisitions:    
Accounts receivable, net (111.0) (75.3)
Other assets, current and long-term 3.8 (10.0)
Current and long term liabilities, excluding debt (18.0) (91.9)
Cash provided by operating activities 520.2 413.0
Investing activities:    
Capital expenditures (268.6) (321.3)
Acquisitions, net of cash acquired 0.0 (4.3)
Cash received from divestitures 0.0 6.9
Cash used in investing activities (268.6) (318.7)
Financing activities:    
Net short-term payments (194.2) (411.2)
Payments on long-term debt (8.8) (575.0)
Borrowings on long-term debt 0.0 872.9
Dividends paid to Equifax shareholders (96.4) (95.6)
Distributions paid to noncontrolling interests (3.4) (2.1)
Proceeds from exercise of stock options and employee stock purchase plan 38.1 16.5
Payment of taxes related to settlement of equity awards (16.0) (16.9)
Debt issuance costs 0.0 (5.8)
Cash used in financing activities (280.7) (217.2)
Effect of foreign currency exchange rates on cash and cash equivalents (5.8) 1.8
Decrease in cash and cash equivalents (34.9) (121.1)
Cash and cash equivalents, beginning of period 216.8 285.2
Cash and cash equivalents, end of period $ 181.9 $ 164.1