Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.10.0.1
REVENUE (Tables)
 9 Months Ended
Sep. 30, 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 three and nine months ended September 30, 2018 is as follows:

 
 
Three Months Ended September 30, 2018
 
Change
Income Statement
 
Prior to ASU 2014-09 adoption
 
As reported under ASU 2014-09
 
$
 
%
 
 
(In millions, except per share data)
Operating revenue
 
$
833.6

 
$
834.2

 
$
0.6

 
—
%
Consolidated income from operations before income taxes
 
$
38.1

 
$
38.7

 
$
0.6

 
2
%
Consolidated net income
 
$
39.1

 
$
39.6

 
$
0.5

 
1
%
Net income attributable to Equifax
 
$
37.9

 
$
38.4

 
$
0.5

 
1
%
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
0.31

 
$
0.32

 
$
0.01

 
3
%
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
0.31

 
$
0.32

 
$
0.01

 
3
%

 
 
Nine Months Ended September 30, 2018
Change
Income Statement
 
Prior to ASU 2014-09 adoption
 
As reported under ASU 2014-09
 
$
 
%
 
 
(In millions, except per share data)
Operating revenue
 
$
2,575.2

 
$
2,576.8

 
$
1.6

 
—
%
Consolidated income from operations before income taxes
 
$
329.7

 
$
331.3

 
$
1.6

 
—
%
Consolidated net income
 
$
278.4

 
$
279.6

 
$
1.2

 
—
%
Net income attributable to Equifax
 
$
273.0

 
$
274.2

 
$
1.2

 
—
%
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
2.27

 
$
2.28

 
$
0.01

 
—
%
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income attributable to Equifax
 
$
2.25

 
$
2.26

 
$
0.01

 
—
%

 
 
September 30, 2018
 
Change
Balance Sheet
 
Prior to ASU 2014-09 adoption
 
As reported under ASU 2014-09
 
$
 
%
 
 
(In millions)
Other current assets
 
$
75.3

 
$
75.6

 
$
0.3

 
—
%
Other assets, net
 
$
154.1

 
$
160.8

 
$
6.7

 
4
%
Total assets
 
$
7,127.0

 
$
7,134.0

 
$
7.0

 
—
%
Deferred income tax liabilities, net
 
$
295.8

 
$
298.6

 
$
2.8

 
1
%
Total liabilities
 
$
3,889.7

 
$
3,892.5

 
$
2.8

 
—
%
Retained earnings
 
$
4,735.9

 
$
4,740.1

 
$
4.2

 
—
%
Total equity
 
$
3,237.3

 
$
3,241.5

 
$
4.2

 
—
%
Total liabilities and equity
 
$
7,127.0

 
$
7,134.0

 
$
7.0

 
—
%
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 September 30,
Change
 
Nine Months Ended September 30,
Change
Consolidated Operating Revenue
 
2018
 
2017
 
$
 
%
 
2018
 
2017
 
$
 
%
 
 
(In millions)
Online Information Solutions
 
$
222.4

 
$
221.0

 
$
1.4

 
1
 %
 
$
666.2

 
$
678.7

 
$
(12.5
)
 
(2
)%
Mortgage Solutions
 
39.0

 
38.8

 
$
0.2

 
1
 %
 
126.2

 
116.1

 
$
10.1

 
9
 %
Financial Marketing Services
 
46.9

 
47.9

 
$
(1.0
)
 
(2
)%
 
147.4

 
154.9

 
$
(7.5
)
 
(5
)%
Total U.S. Information Solutions
 
308.3

 
307.7

 
$
0.6

 
—
 %
 
939.8

 
949.7

 
$
(9.9
)
 
(1
)%
Asia Pacific
 
80.5

 
81.2

 
$
(0.7
)
 
(1
)%
 
249.0

 
229.7

 
$
19.3

 
8
 %
Europe
 
68.5

 
69.0

 
$
(0.5
)
 
(1
)%
 
211.4

 
199.2

 
$
12.2

 
6
 %
Latin America
 
48.7

 
54.5

 
$
(5.8
)
 
(11
)%
 
158.9

 
158.5

 
$
0.4

 
—
 %
Canada
 
37.3

 
35.1

 
$
2.2

 
6
 %
 
110.5

 
100.1

 
$
10.4

 
10
 %
Total International
 
235.0

 
239.8

 
$
(4.8
)
 
(2
)%
 
729.8

 
687.5

 
$
42.3

 
6
 %
Verification Services
 
143.9

 
129.9

 
$
14.0

 
11
 %
 
421.6

 
375.3

 
$
46.3

 
12
 %
Employer Services
 
58.3

 
56.5

 
$
1.8

 
3
 %
 
199.3

 
205.6

 
$
(6.3
)
 
(3
)%
Total Workforce Solutions
 
202.2

 
186.4

 
$
15.8

 
9
 %
 
620.9

 
580.9

 
$
40.0

 
7
 %
Global Consumer Solutions
 
88.7

 
100.9

 
$
(12.2
)
 
(12
)%
 
286.3

 
305.7

 
$
(19.4
)
 
(6
)%
Total operating revenue
 
$
834.2

 
$
834.8

 
$
(0.6
)
 
—
 %
 
$
2,576.8

 
$
2,523.8

 
$
53.0

 
2
 %
Remaining Performance Obligation
We expect to recognize as revenue the following amounts related to our remaining performance obligations as of September 30, 2018 inclusive of foreign exchange impact:
Performance Obligation
 
Balance
 
 
(In millions)
Less than 1 year
 
$
47.7

1 to 3 years
 
65.6

3 to 5 years
 
27.8

Thereafter
 
59.8

Total remaining performance obligation
 
$
200.9