Equifax Reports Record Third Quarter 2012 Results

              Equifax Reports Record Third Quarter 2012 Results

PR Newswire

ATLANTA, Oct. 24, 2012

ATLANTA, Oct. 24, 2012 /PRNewswire/ --Equifax Inc. (NYSE: EFX) today
announced financial results for the quarter ended September 30, 2012. The
company reported revenue of $543.9 million in the third quarter of 2012, an 11
percent increase from the third quarter of 2011 and a 12 percent increase in
local currency.

(Logo: http://photos.prnewswire.com/prnh/20060224/CLF037LOGO)

Third quarter diluted EPS attributable to Equifax was $0.64, an increase of 18
percent from the third quarter of 2011. On a non-GAAP basis, adjusted EPS
attributable to Equifax, excluding the impact of acquisition-related
amortization expense, net of tax, was $0.75, up 16 percent from the third
quarter of 2011. Results for the quarter included $3.3 million in discrete
income tax benefits and $3.7 million in severance expense in our International
business unit to better align resources with our future needs. Neither the tax
benefits nor the severance was anticipated at the beginning of the quarter.

"While mortgage activity remains strong, the majority of our growth continues
to come from core non-mortgage markets and strategic initiatives, as our
investments in new product innovations, vertical market focus, and penetration
of new markets continue to pay off," said Richard F. Smith, Equifax's Chairman
and Chief Executive Officer. "At this time, we expect the mortgage market to
remain strong for the next few quarters. I am also optimistic that the
momentum we have established will continue as we move into 2013."

Third Quarter 2012 Highlights 

  oIn addition to the financial highlights noted above, third quarter 2012
    net income attributable to Equifax was $77.9 million, a 17 percent
    increase from the prior year.
  oOperating margin was 24.3 percent for the third quarter of 2012, compared
    to 24.8 percent in the third quarter of 2011. Excluding the pre-tax impact
    of the International severance charges, operating margin for the third
    quarter of 2012 was 25.0%. Refer to Question #2 in the Common Questions
    and Answers attached for further information.
  oWe repurchased 0.7 million of our common shares on the open market for
    $33.9 million during the third quarter of 2012. At September 30, 2012,
    our remaining authorization for future share repurchases was $227.1
    million.

U.S. Consumer Information Solutions (USCIS)

Total revenue was $233.3 million in the third quarter of 2012 compared to
$202.0 million in the third quarter of 2011, an increase of 15 percent.

  oOnline Consumer Information Solutions revenue was $156.6 million, up 16
    percent from a year ago.
  oMortgage Solutions revenue was $43.4 million, up 35 percent from a year
    ago.
  oConsumer Financial Marketing Services revenue was $33.3 million, down 4
    percent when compared to a year ago.

Operating margin for USCIS was 36.9 percent in the third quarter of 2012
compared to 36.6 percent in the third quarter of 2011.

International

Total revenue was $121.0 million in the third quarter of 2012, a 2 percent
increase from the third quarter of 2011 and a 6 percent increase on a local
currency basis.

  oLatin America revenue was $46.7 million, up 9 percent in local currency
    and 4 percent in U.S. dollars from a year ago.
  oEurope revenue was $41.7 million, up 7 percent in local currency and 3
    percent in U.S. dollars from a year ago.
  oCanada Consumer revenue was $32.6 million, up 1 percent in local currency
    and flat in U.S. dollars from a year ago.

Operating margin for International was 27.4 percent in the third quarter of
2012 compared to 29.3 percent in the third quarter of 2011. Excluding the
pre-tax impact of current period severance charges, operating margin for the
third quarter of 2012 was 30.4 percent. Refer to Question #2 in the Common
Questions and Answers attached for further information.

Workforce Solutions

Total revenue was $117.0 million in the third quarter of 2012, a 14 percent
increase over the third quarter of 2011.

  oVerification Services revenue was $68.8 million, up 33 percent when
    compared to a year ago.
  oEmployer Services revenue was $48.2 million, down 5 percent when compared
    to a year ago.

Operating margin for Workforce Solutions was 24.4 percent in the third quarter
of 2012 compared to 23.0 percent in the third quarter of 2011.

North America Personal Solutions

Revenue was $51.4 million, a 13 percent increase from the third quarter of
2011. Operating margin was 32.1 percent compared to 32.8 percent in the third
quarter of 2011.

North America Commercial Solutions

Revenue was $21.2 million, down 2 percent in U.S. dollars and 1 percent in
local currency compared to the third quarter of 2011. Operating margin was
18.8 percent compared to 23.6 percent in the third quarter of 2011.

Fourth Quarter 2012 Outlook

Based on the current level of domestic and international business activity and
current foreign exchange rates as well as continued strength in mortgage
activity, consolidated revenue for the fourth quarter of 2012 is expected to
be up 8 to 10 percent from the year-ago quarter. Fourth quarter 2012 adjusted
EPS attributable to Equifax, which excludes the impact of acquisition-related
amortization expense, is expected to be between $0.72 and $0.76.

About Equifax

Equifaxis a global leader in consumer, commercial and workforce information
solutions, that provides businesses of all sizes and consumers with insight
and information they can trust. Equifax organizes and assimilates data on more
than 500 million consumers and 81 million businesses worldwide, and uses
advanced analytics and proprietary technology to create and deliver customized
insights that enrich both the performance of businesses and the lives of
consumers.

Headquartered in Atlanta, Equifax operates or has investments in 18 countries
and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more
information, please visit www.equifax.com.

Earnings Conference Call and Audio Webcast

In conjunction with this release, Equifax will host a conference call
tomorrow, October 25, 2012, at 8:30 a.m. (EDT) via a live audio webcast. To
access the webcast, go to the Investor Center of our website at
www.equifax.com. The discussion will be available via replay at the same site
shortly after the conclusion of the webcast. This press release is also
available at that website.

Non-GAAP Financial Measures

This earnings release presents operating revenue excluding the results of our
Brazilian operations from Equifax Inc., International, and Latin America
revenue. The release also presents net income and diluted EPS attributable to
Equifax which excludes the loss on the deconsolidation of our Brazilian
business and acquisition-related amortization expense, net of tax. These are
important financial measures for Equifax but are not financial measures as
defined by GAAP.

These non-GAAP financial measures should be reviewed in conjunction with the
relevant GAAP financial measures and are not presented as an alternative
measure of operating revenue or EPS as determined in accordance with GAAP.

Reconciliations of these non-GAAP financial measures to the most directly
comparable GAAP financial measures and related notes are presented in the
Q&A. This information can also be found under "Investor Center/GAAP/Non-GAAP
Measures" on our website at www.equifax.com.

Forward-Looking Statements

This release contains forward-looking statements or forward-looking
information. These statements can be identified by expressions of belief,
expectation or intention, as well as statements that are not historical fact.
These statements are based on certain factors and assumptions including with
respect to foreign exchange rates, expected growth, results of operations,
performance, business prospects and opportunities and effective tax rates.
While the company believes these factors and assumptions to be reasonable
based on information currently available, they may prove to be incorrect.

Several factors could cause actual results to differ materially from those
expressed or implied in the forward-looking statements, including, but not
limited to actions taken by us, including restructuring or strategic
initiatives (including capital investments or asset acquisitions or
dispositions), as well as from developments beyond our control, including, but
not limited to, changes in worldwide and U.S. economic conditions that
materially impact consumer spending, consumer debt and employment and the
demand for Equifax's products and services. Other risk factors include our
ability to successfully develop and market new products and services, respond
to pricing and other competitive pressures, complete and integrate
acquisitions and other investments and achieve targeted cost efficiencies;
risks relating to illegal third party efforts to access data; changes in, and
the effects of, laws and regulations and government policies governing our
business, including the Dodd-Frank Wall Street Reform and Consumer Protection
Act, in particular the establishment of a new Consumer Financial Protection
Bureau with authority to write rules impacting the business of, conduct
examinations of, and enforce the laws and regulations it writes against credit
reporting companies, and related regulations, federal or state responses to
identity theft concerns; adverse or uncertain economic conditions and changes
in credit and financial markets; the European sovereign debt crisis; the
recent downgrade of U.S. sovereign debt and political concerns over related
budgetary matters, exchange rates; timing and amount of capital expenditures;
changes in capital markets and corresponding effects on the company's
investments and benefit plan obligations; earnings exchange rates and the
decisions of taxing authorities, all of which could affect our effective tax
rates; and potential adverse developments in new and pending legal proceedings
or governments investigations. Additional risks and uncertainties can be
found in our Annual Report on Form 10-K for the year ended December 31, 2011
under captions "Forward-Looking Statements" and "Item 1A, "Risk Factors", and
in our other filings with the U.S. Securities and Exchange Commission.
Forward-looking statements are given only as at the date of this release and
the company disclaims any obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.

EQUIFAX
CONSOLIDATED STATEMENTS OF INCOME
                                                  Three Months Ended
                                                  September 30,
                                                  2012           2011
(In millions, except per share amounts)         (Unaudited)
Operating revenue                                 $         $     
                                                  543.9         490.4
Operating expenses:
 Cost of services (exclusive of depreciation    208.5          186.6
and amortization below)
 Selling, general and administrative expenses   162.8          141.7
 Depreciation and amortization                  40.5           40.5
 Total operating expenses                411.8          368.8
Operating income                                  132.1          121.6
 Interest expense                               (13.6)         (13.7)
 Other income (expense), net                    1.9            0.6
Consolidated income before income taxes           120.4          108.5
 Provision for income taxes                     (40.3)         (39.2)
Consolidated net income                           80.1           69.3
 Less: Net income attributable to              (2.2)          (2.6)
noncontrolling interests
Net income attributable to Equifax               $        $      
                                                  77.9          66.7
Basic earnings per common share                   $        $      
                                                  0.65          0.55
Weighted-average shares used in computing basic   119.7          121.8
earnings per share
Diluted earnings per common share                $        $      
                                                  0.64          0.54
Weighted-average shares used in computing diluted 122.2          123.3
earnings per share
Dividends per common share                        $        $      
                                                  0.18          0.16



EQUIFAX
CONSOLIDATED STATEMENTS OF INCOME
                                                  Nine Months Ended
                                                  September 30,
                                                  2012           2011
(In millions, except per share amounts)         (Unaudited)
Operating revenue                                 $          $    
                                                  1,602.4        1,450.1
Operating expenses:
 Cost of services (exclusive of depreciation    613.3          567.3
and amortization below)
 Selling, general and administrative expenses   472.2          413.2
 Depreciation and amortization                  123.1          124.3
 Total operating expenses                1,208.6        1,104.8
Operating income                                  393.8          345.3
 Interest expense                               (41.1)         (41.2)
 Other income (expense), net                    5.5            (8.7)
Consolidated income before income taxes           358.2          295.4
 Provision for income taxes                     (125.6)        (129.7)
Consolidated net income                           232.6          165.7
 Less: Net income attributable to              (6.8)          (7.2)
noncontrolling interests
Net income attributable to Equifax               $         $     
                                                  225.8         158.5
Basic earnings per common share                   $        $      
                                                  1.88          1.29
Weighted-average shares used in computing basic   120.0          122.5
earnings per share
Diluted earnings per common share                $        $      
                                                  1.84          1.28
Weighted-average shares used in computing diluted 122.4          124.2
earnings per share
Dividends per common share                        $        $      
                                                  0.54          0.48



EQUIFAX
CONSOLIDATED BALANCE SHEETS
                                           September 30,       December 31,
                                           2012                2011
(In millions, except par values)           (Unaudited)
ASSETS
Current assets:
 Cash and cash equivalents               $             $      
                                           267.2               127.7
 Trade accounts receivable, net of
allowance for doubtful accounts of
 $6.6 and $5.9 at September 30, 2012   296.9               284.4
and December 31, 2011, respectively
 Prepaid expenses                        30.2                24.6
 Other current assets                   11.4                15.6
 Total current assets                  605.7               452.3
Property and equipment:
 Capitalized internal-use software and   361.6               332.2
system costs
 Data processing equipment and furniture 203.0               183.1
 Land, buildings and improvements        176.4               178.4
 Total property and equipment          741.0               693.7
 Less accumulated depreciation and       (454.8)             (400.8)
amortization
 Total property and equipment, net      286.2               292.9
Goodwill                                 1,974.5             1,961.2
Indefinite-lived intangible assets         95.7                95.6
Purchased intangible assets, net           487.6               550.2
Other assets, net                          156.2               156.4
 Total assets                        $     3,605.9  $    
                                                               3,508.6
LIABILITIES AND EQUITY
Current liabilities:
 Short-term debt and current maturities $            $       
of long-term debt                          16.9                47.2
 Accounts payable                       28.6                27.5
 Accrued expenses                       72.5                56.3
 Accrued salaries and bonuses           79.5                79.2
 Deferred revenue                      54.1                55.8
 Other current liabilities              73.9                96.8
 Total current liabilities           325.5               362.8
Long-term debt                             951.4               966.0
Deferred income tax liabilities, net       228.6               227.8
Long-term pension and other postretirement 163.3               176.4
benefit liabilities
Other long-term liabilities                53.9                53.5
 Total liabilities                       1,722.7             1,786.5
Equifax shareholders' equity:
 Preferred stock, $0.01 par value:
Authorized shares - 10.0;
 Issued shares - none                 -                   -
 Common stock, $1.25 par value:
Authorized shares - 300.0;
 Issued shares - 189.3 at September
30, 2012 and December 31, 2011;
 Outstanding shares - 119.3 and 119.6
at September 30, 2012 and
 December 31, 2011, respectively     236.6               236.6
 Paid-in capital                         1,131.6             1,118.0
 Retained earnings                       3,039.9             2,879.2
 Accumulated other comprehensive loss    (373.0)             (391.8)
 Treasury stock, at cost, 69.4 shares
and 69.1 shares at
 September 30, 2012 and December 31,   (2,170.4)           (2,133.7)
2011, respectively
 Stock held by employee benefits trusts,
at cost, 0.6 shares at
 September 30, 2012 and December 31,   (5.9)               (5.9)
2011
 Total Equifax shareholders' equity      1,858.8             1,702.4
Noncontrolling interests                   24.4                19.7
 Total equity                            1,883.2             1,722.1
 Total liabilities and equity        $     3,605.9  $    
                                                               3,508.6



EQUIFAX
CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                  Nine Months Ended
                                                  September 30,
                                                  2012           2011
(In millions)                                     (Unaudited)
Operating activities:
 Consolidated net income                         $    232.6  $    165.7
 Adjustments to reconcile consolidated net
income to net cash provided
 by operating activities:
 Loss on divestitures                        -              27.8
 Depreciation and amortization               122.8          123.8
 Stock-based compensation expense            20.0           17.3
 Excess tax benefits from stock-based        (0.2)          (0.6)
compensation plans
 Deferred income taxes                       (3.8)          7.0
 Changes in assets and liabilities,
excluding effects of acquisitions:
 Accounts receivable, net                  (9.5)          (18.7)
 Prepaid expenses and other current        (2.4)          (6.8)
assets
 Other assets                              (2.4)          10.4
 Current liabilities, excluding debt       (7.2)          (55.2)
 Other long-term liabilities, excluding    2.2            (11.7)
debt
Cash provided by operating activities             352.1          259.0
Investing activities:
 Capital expenditures                          (49.3)         (59.2)
 Acquisitions, net of cash acquired            (7.3)          (112.2)
 Cash received from divestitures               2.5            2.5
 Investment in unconsolidated affiliates,      (3.7)          (4.2)
net
Cash used in investing activities                 (57.8)         (173.1)
Financing activities:
 Net short-term (repayments) borrowings        (28.1)         46.5
 Payments on long-term debt                    (15.1)         (16.7)
 Treasury stock purchases                      (85.1)         (75.2)
 Dividends paid to Equifax shareholders        (64.5)         (58.7)
 Dividends paid to noncontrolling interests     (1.9)          (5.6)
 Proceeds from exercise of stock options       40.9           12.9
 Excess tax benefits from stock-based          0.2            0.6
compensation plans
 Other                                         -              (2.7)
Cash used in financing activities                 (153.6)        (98.9)
Effect of foreign currency exchange rates on cash (1.2)          (4.4)
and cash equivalents
Increase (decrease) in cash and cash equivalents  139.5          (17.4)
Cash and cash equivalents, beginning of period    127.7          119.4
Cash and cash equivalents, end of period          $    267.2  $    102.0





Common Questions & Answers (Unaudited)
(Dollars in
millions)
1. Can you provide a further analysis of operating revenue and operating
   income by operating segment?
   Operating revenue and operating income consist of the following
   components:
   (in millions)     Three Months Ended September 30,
                                                             Local
                                                             Currency
   Operating         2012      2011       $       % Change   % Change*
   revenue:                               Change
   Online Consumer   $       $       $  
   Information       156.6     135.5     21.1   16%
   Solutions
   Mortgage          43.4      32.0       11.4    35%
   Solutions
   Consumer
   Financial         33.3      34.5       (1.2)   -4%
   Marketing
   Services
    Total U.S.
   Consumer         233.3     202.0      31.3    15%
    Information
   Solutions
   Latin America     46.7      45.1       1.6     4%         9%
   Europe            41.7      40.7       1.0     3%         7%
   Canada Consumer   32.6      32.8       (0.2)   0%         1%
    Total          121.0     118.6      2.4     2%         6%
   International
   Verification      68.8      51.8       17.0    33%
   Services
   Employer Services 48.2      51.0       (2.8)   -5%
    Total
   Workforce         117.0     102.8      14.2    14%
   Solutions
   North America
   Personal          51.4      45.5       5.9     13%
   Solutions
   North America
   Commercial        21.2      21.5       (0.3)   -2%        -1%
   Solutions
    Total          $       $       $     11%        12%
   operating revenue 543.9     490.4     53.5
   (in millions)     Nine Months Ended September 30,
                                                             Local
   Operating                              $                  Currency
   revenue:          2012      2011       Change  % Change
                                                             % Change*
   Online Consumer   $        $       $  
   Information       459.3    383.3     76.0   20%
   Solutions
   Mortgage          118.3     86.2       32.1    37%
   Solutions
   Consumer
   Financial         103.5     107.5      (4.0)   -4%
   Marketing
   Services
    Total U.S.
   Consumer          681.1     577.0      104.1   18%
    Information
   Solutions
   Latin America     139.5     164.3      (24.8)  -15%       -12%
   Europe            126.1     117.0      9.1     8%         12%
   Canada Consumer   95.9      95.3       0.6     1%         3%
    Total          361.5     376.6      (15.1)  -4%        -1%
   International
   Verification      188.9     137.6      51.3    37%
   Services
   Employer Services 157.0     160.9      (3.9)   -2%
    Total
   Workforce         345.9     298.5      47.4    16%
   Solutions
   North America
   Personal          151.6     135.1      16.5    12%
   Solutions
   North America
   Commercial        62.3      62.9       (0.6)   -1%        0%
   Solutions
    Total          $         $        $      11%        11%
   operating revenue 1,602.4  1,450.1    152.3
   (in millions)     Three Months Ended September 30,
                               Operating          Operating
   Operating income: 2012      Margin     2011    Margin     $ Change   %
                                                                        Change
   U.S. Consumer     $                 $                $  
   Information       86.1      36.9%      74.0    36.6%      12.1      16%
   Solutions
   International     33.1      27.4%      34.7    29.3%      (1.6)      -5%
   Workforce         28.6      24.4%      23.6    23.0%      5.0        21%
   Solutions
   North America
   Personal          16.5      32.1%      15.0    32.8%      1.5        10%
   Solutions
   North America
   Commercial        4.0       18.8%      5.0     23.6%      (1.0)      -21%
   Solutions
   General Corporate (36.2)    nm         (30.7)  nm         (5.5)      -18%
   Expense
    Total          $       24.3%      $      24.8%      $        9%
   operating income  132.1                121.6             10.5
   (in millions)     Nine Months Ended September 30,
                               Operating          Operating
   Operating income: 2012      Margin     2011    Margin     $ Change   %
                                                                        Change
   U.S. Consumer     $                   $                 $  
   Information       253.6    37.2%      206.5   35.8%      47.1       23%
   Solutions
   International     106.6     29.5%      98.7    26.2%      7.9        8%
   Workforce         81.7      23.6%      66.1    22.1%      15.6       24%
   Solutions
   North America
   Personal          45.6      30.1%      40.2    29.7%      5.4        14%
   Solutions
   North America
   Commercial        10.3      16.6%      14.5    23.1%      (4.2)      -29%
   Solutions
   General Corporate (104.0)   nm         (80.7)  nm         (23.3)     -29%
   Expense
    Total          $       24.6%      $      23.8%      $  48.5  14%
   operating income  393.8                345.3
   nm - not meaningful
   * Reflects percentage change in revenue conforming 2012 results
   using 2011 exchange rates.



Common Questions & Answers (Unaudited)
(Dollars in millions)
2. What was the impact of the severance charges recorded during the third
   quarter of 2012 on the operating margins of Equifax Inc. and the
   International segment?
   During the third quarter of 2012, we recorded $3.7 million of employee
   severance charges ($2.4 million, net of tax) in our International
   business unit. Excluding these charges, the operating margin was 25.0%
   for Equifax Inc. and 30.4% for International for the current period.
3. What drove the fluctuation in the effective tax rate?
   Our effective tax rate was 33.5% for the three months ended September 30,
   2012, down from 36.2% for the same period in 2011. The 2012 rate
   decreased due to lower foreign income taxes and the impact of discrete tax
   items. The rate for the current quarter benefited from $3.3 million of
   discrete tax benefits in excess of our expectation at the beginning of the
   quarter.
4. Can you provide depreciation and amortization by segment?
   Depreciation and amortization are as follows:

                                   Three Months Ended     Nine Months Ended
                                   September 30,          September 30,
                                   2012           2011    2012         2011
   U.S. Consumer Information       $   10.0    $     $   31.9  $   
   Solutions                                      10.9                33.1
   International                   6.3            6.3     18.7         20.5
   Workforce Solutions            17.3           16.2    51.3         49.8
   North America Personal          1.7            1.5     5.3          4.4
   Solutions
   North America Commercial        1.1            1.2     3.5          3.9
   Solutions
   General Corporate Expense       4.1            4.4     12.4         12.6
    Total depreciation and        $   40.5    $     $  123.1   $  
   amortization                                   40.5                124.3
5. What was the currency impact on the foreign operations?
   The U.S. dollar impact on operating revenue and operating income is as
   follows:
                                   Three Months Ended September 30, 2012
                                   Operating Revenue      Operating Income
                                   Amount         %       Amount       %
   Canada Consumer                 $   (0.5)   -1%     $         -2%
                                                          (0.2)
   Canada Commercial               (0.1)          -1%     (0.1)        0%
   Europe                          (1.7)          -4%     (0.4)        -5%
   Latin America                   (2.2)          -5%     (1.1)        -6%
                                   Nine Months Ended September 30, 2012
                                   Operating Revenue      Operating Income
                                   Amount         %       Amount       %
   Canada Consumer                 $   (2.4)   -2%     $         -3%
                                                          (1.0)
   Canada Commercial               (0.5)          -2%     (0.2)        -1%
   Europe                          (4.8)          -4%     (1.1)        -5%
   Latin America                   (5.8)          -3%     (2.9)        -6%



Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP
Financial Measures (Unaudited)
(Dollars in millions, except per share amounts)
A. Reconciliation of net income attributable to Equifax to diluted EPS
   attributable to Equifax, adjusted for the loss on the deconsolidation of
   Brazilian business and acquisition-related amortization expense:
                                                Three Months
                                                Ended
                                                September 30,
                                                2012    2011   $        %
                                                               Change   Change
   Net income attributable to Equifax           $     $    $     17%
                                                77.9   66.7   11.2
    Acquisition-relatedamortization           14.3    13.8   0.5      3%
    expense, net of tax
   Net income attributable to Equifax,
    adjusted for acquisition-related           $     $    $   
                                                92.2   80.5   11.7     15%
    amortization expense
   Diluted EPS attributable to
    Equifax, adjusted for
                                                $     $    $   
   acquisition-related amortization           0.75   0.65   0.10     16%

    expense
   Weighted-average shares used incomputing    122.2   123.3
   diluted EPS
                                                Nine Months
                                                Ended
                                                September 30,
                                                2012    2011   $        %
                                                               Change   Change
   Net income attributable to Equifax           $      $     $     43%
                                                225.8  158.5  67.3
    Loss on the deconsolidation of
                                                -       27.8   (27.8)   nm
    Brazilian business (1)
   Net income attributable to Equifax,
    adjusted for the loss on the
                                                $      $     $   
   deconsolidation of Brazilian               225.8  186.3  39.5     21%

    business
    Acquisition-related amortization
                                                42.9    42.7   0.2      0%
   expense, net of tax
   Net income attributable to Equifax,
    adjusted for the loss on the

    deconsolidation of Brazilian

   business and acquisition-                  $      $     $     17%
                                                268.7  229.0  39.7
    related amortization expense
   Diluted EPS attributable to Equifax,
    adjusted for the loss on the

    deconsolidation of Brazilian

    business and acquisition-                  $     $    $      19%
                                                2.19   1.84   0.35
    related amortization expense
   Weighted-average shares used incomputing    122.4   124.2
   diluted EPS
   nm - not meaningful
   (1) Loss on the deconsolidation of Brazilian business includes the loss
   recognized on the merger, net of tax. See the Notes to this reconciliation
   for additionaldetail.





Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP
Financial Measures (Unaudited)
(Dollars in millions, except per share amounts)
B. Reconciliation of operating revenue to adjusted operating revenue for
    Equifax Inc., International and Latin America, excluding the results of
    our Brazilian operations:
     Equifax Inc.
                     Nine Months Ended                               Local
                     September 30,                                   Currency
                     2012          2011         $ Change    %        % Change*
                                                            Change
     Operating       $            $           $          11%      11%
     revenue         1,602.4      1,450.1     152.3
      Brazil       -             (35.4)       35.4
     revenue (1)
     Adjusted        $            $           $ 
     operating       1,602.4      1,414.7     187.7      13%      14%
     revenue
     International
                     Nine Months Ended                               Local
                     September 30,                                   Currency
                     2012          2011         $ Change    %        % Change*
                                                            Change
     Operating       $           $          $          -4%      -1%
     revenue         361.5        376.6       (15.1)
      Brazil       -             (35.4)       35.4
     revenue (1)
     Adjusted        $           $          $  
     operating       361.5        341.2       20.3       6%       10%
     revenue
     Latin America
                     Nine Months Ended                               Local
                     September 30,                                   Currency
                     2012          2011         $ Change    %        % Change*
                                                            Change
     Operating       $           $          $          -15%     -12%
     revenue         139.5        164.3        (24.8)
      Brazil       -             (35.4)       35.4
     revenue (1)
     Adjusted        $           $          $  
     operating       139.5        128.9        10.6        8%       13%
     revenue
     * Reflects percentage change in revenue conforming 2012 results using
     2011 exchange rates.
     (1) Revenue generated from our Brazilian operations that were merged with
     Boa Vista Servicos, S.A. in the second quarter of 2011. Seethe Notes to
     this reconciliation for additional detail.

Notes to Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP
Financial Measures

Loss on the deconsolidation of Brazilian business – During the second quarter
of 2011, the Company completed the merger of our Brazilian business with and
into Boa Vista Servicos, S.A. ("BVS") in exchange for a 15 percent equity
interest in BVS. The Company recorded a $27.8 million loss on the
transaction. Management believes excluding the loss from certain financial
results provides meaningful supplemental information regarding our financial
results for the nine months ended September 30, 2011, as compared to 2012,
since a loss of such an amount is not comparable among the periods. This is
consistent with how our management reviews and assesses Equifax's historical
performance and is useful when planning, forecasting and analyzing future
periods.

Diluted EPS and net income from attributable to Equifax, adjusted for the loss
on the deconsolidation of Brazilian business and acquisition-related
amortization expense - We calculate these financial measures by excluding the
loss on the deconsolidation of our Brazilian business and acquisition-related
amortization expense from the determination of net income attributable to
Equifax in the calculation of diluted EPS. These financial measures are not
prepared in conformity with GAAP. Management believes that these measures are
useful because management excludes acquisition-related amortization expense
and other items that are not comparable when measuring operating
profitability, evaluating performance trends, and setting performance
objectives, and it allows investors to evaluate our performance for different
periods on a more comparable basis by excluding items that relate to
acquisition-related intangible assets and items that impact comparability.

Adjusted operating revenue, excluding the results of our Brazilian operations
- Management believes excluding the Brazilian revenue from the calculation of
operating revenue, on a non-GAAP basis, is useful because it allows investors
to evaluate the Company's growth on a basis consistent with the current
composition of our business.

SOURCE Equifax Inc.

Website: http://www.equifax.com
Contact: Jeff Dodge, Investor Relations, +1-404-885-8804,
jeff.dodge@equifax.com; or Tim Klein, Media Relations, +1-404-885-8555,
tim.klein@equifax.com
 
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