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Equifax Inc (EFX) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Equifax Inc

CIK: 33185 Ticker: EFX




Exhibit 99.1
equifaxlogoa08.jpg 
 
 
 
1550 Peachtree Street, N.W. Atlanta, Georgia 30309
  
NEWS RELEASE

Contact:
 
Jeff Dodge
Ines Gutzmer
Investor Relations
Media Relations
(404) 885-8804
(404) 885-8325
jeff.dodge@equifax.com
ines.gutzmer@equifax.com


Equifax Reports Record Fourth Quarter and Record Full Year 2016 Results; Board Approves 18% Increase in Quarterly Dividend to $0.39 per share, the 7th Consecutive Double-Digit Annual Increase
 
Revenue of $801.1 million was up 20 percent (23 percent in local currency) compared to the fourth quarter of 2015.
Diluted EPS of $1.01 was up 9 percent compared to the fourth quarter of 2015.
Adjusted EPS of $1.42 was up 25 percent compared to the fourth quarter of 2015.
Net Income attributable to Equifax of $123.0 million was up 10 percent compared to the fourth quarter of 2015.
Adjusted EBITDA margin was 36.5 percent compared to 34.5 percent in the fourth quarter of 2015.

ATLANTA, February 8, 2017
-- Equifax Inc. (NYSE: EFX) today announced financial results for the quarter and full year ended December 31, 2016.

“The business had an outstanding performance in the fourth quarter, delivering results that exceeded both our revenue and EPS guidance. Equifax ends the year with record results and enters 2017 with outstanding momentum across all business units and centers of excellence,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer.

Financial Results Summary

The company reported revenue of $801.1 million in the fourth quarter of 2016, a 20 percent increase from the fourth quarter of 2015 and a 23 percent increase in local currency.
 
Fourth quarter diluted EPS attributable to Equifax was $1.01, an increase of 9 percent as compared to fourth quarter of 2015. Adjusted EPS attributable to Equifax was $1.42, up 25 percent as compared to fourth quarter of 2015. This financial measure for 2016 excludes the accrual for certain legal settlements, and the realignment of internal resources. The financial measure for both 2016 and 2015 excludes the acquisition-related amortization expense, net of associated tax impacts, and Veda acquisition related amounts, as described more fully in the attached Q&A.
 
For the full year 2016, revenue was $3.1 billion, an 18 percent increase from 2015. Diluted EPS attributable to Equifax was $4.04, a 14 percent increase from the prior year. Full year adjusted EPS attributable to Equifax was $5.52, up 23 percent percent from the prior year period. For the full year 2016, operating margin was 26.0% compared to 26.1% for the prior year. Full year adjusted EBITDA margin was 35.8 percent compared to 34.7 percent in 2015. These financial measures for 2016 and 2015 have been adjusted for certain items, which affect the comparability of the underlying operational performance and are described more fully in the attached Q&A.



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The following information was filed by Equifax Inc (EFX) on Wednesday, February 8, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (parenthetical)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity And Other Comprehensive Income
Consolidated Statements Of Shareholders' Equity And Other Comprehensive Income (parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (changes In Accumulated Other Comprehensive Income) (details)
Accumulated Other Comprehensive Income (reclassifications Out Of Accumulated Other Comprehensive Income) (details)
Accumulated Other Comprehensive Income (tables)
Acquisitions And Investments
Acquisitions And Investments (acquired Intangible Assets Fair Value And Weighted-average Useful Life) (details)
Acquisitions And Investments (additional Information) (details)
Acquisitions And Investments (schedule Assets And Liabilities) (details)
Acquisitions And Investments (tables)
Acquisitions And Investments Acquisitions And Investments (pro Forma Financial Information) (details)
Benefit Plans
Benefit Plans (additional Information) (details)
Benefit Plans (amount Of Prior Service Cost And Actuarial Loss Included In Accumulated Other Comprehensive Loss That Is Expected To Be Recognized In Net Periodic Benefit Cost) (details)
Benefit Plans (amounts Recognized In Other Comprehensive Income (loss) (details)
Benefit Plans (asset Allocation Ranges And Actual Allocation, Crip) (details)
Benefit Plans (asset Allocation Ranges And Actual Allocation, Usrip)) (details)
Benefit Plans (benefit Costs Included In Accumulated Other Comprehensive Loss That Have Not Yet Recognized In Net Periodic Pension Cost) (details)
Benefit Plans (components Of Net Periodic Benefit Cost) (details)
Benefit Plans (effect Of One-percentage Point Change In Assumed Healthcare Cost Trend Rates) (details)
Benefit Plans (estimated Future Benefits Payable For Retirement And Postretirement Plans) (details)
Benefit Plans (fair Value Of Pension Assets) (details)
Benefit Plans (fair Value Of Postretirement Assets) (details)
Benefit Plans (net Amounts Recognized, Or Funded Status Of Pension And Other Postretirement Benefit Plans) (details)
Benefit Plans (reconciliation Of Beginning And Ending Balances For Plan Assets Valued Using Significant Unobservable Inputs) (details)
Benefit Plans (reconciliation Of Projected Benefit Obligations, Plan Assets And Funded Status Of Plans) (details)
Benefit Plans (tables)
Benefit Plans (weighted-average Assumptions Used To Determine Benefit Obligations) (details)
Benefit Plans (weighted-average Assumptions Used To Determine Net Periodic Benefit Cost) (details)
Commitments And Contingencies
Commitments And Contingencies (additional Information) (details)
Commitments And Contingencies (expected Future Minimum Payment Obligations For Non-cancelable Operating Leases Exceeding One Year) (details)
Commitments And Contingencies (tables)
Cost Method Investment
Cost Method Investment (additional Information) (details)
Debt
Debt (additional Information) (details)
Debt (debt Outstanding) (details)
Debt (scheduled Future Maturities Of Debt) (details)
Debt (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (additional Information) (details)
Goodwill And Other Intangible Assets (changes In Amount Of Goodwill) (details)
Goodwill And Other Intangible Assets (estimated Future Amortization Expense) (details)
Goodwill And Other Intangible Assets (indefinite-lived Intangible Assets) (details)
Goodwill And Other Intangible Assets (purchased Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (additional Information) (details)
Income Taxes (components Of Deferred Income Tax Assets And Liabilities) (details)
Income Taxes (deferred Income Tax Assets And Liabilities) (details)
Income Taxes (domestic And Foreign Income From Continuing Operations Before Income Taxes) (details)
Income Taxes (provision For Income Taxes From Continuing Operations) (details)
Income Taxes (provision For Income Taxes Reconciles With U.s. Federal Statutory Rate) (details)
Income Taxes (reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (additional Information) (details)
Quarterly Financial Data (unaudited) (quarterly Financial Data) (details)
Quarterly Financial Data (unaudited) (tables)
Restructuring Charges
Restructuring Charges (additional Information) (details)
Segment Information
Segment Information (additional Information) (details)
Segment Information (financial Information By Geographic Area) (details)
Segment Information (segment Information) (details)
Segment Information (tables)
Shareholder Rights Plan
Stock-based Compensation
Stock-based Compensation (additional Information) (details)
Stock-based Compensation (assumptions Used To Estimate Fair Value Of Stock Options Granted) (details)
Stock-based Compensation (changes In Outstanding Options And Weighed-average Exercise Price Per Share) (details)
Stock-based Compensation (summary Of Changes In Nonvested Stock And Weighted-average Grant Date Fair Value) (details)
Stock-based Compensation (tables)
Stock-based Compensation (total Stock-based Compensation Expense) (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (additional Information) (details)
Summary Of Significant Accounting Policies (assets And Liabilities Measured At Fair Value On Recurring Basis) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (reconciliation Of Weighted-average Outstanding Shares Used In Calculations Of Basic And Diluted Eps) (details)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies (useful Life Of Other Purchased Intangible Assets) (details)
Ticker: EFX
CIK: 33185
Form Type: 10-K Annual Report
Accession Number: 0000033185-17-000008
Submitted to the SEC: Wed Feb 22 2017 4:49:50 PM EST
Accepted by the SEC: Wed Feb 22 2017
Period: Saturday, December 31, 2016
Industry: Consumer Credit Reporting Collection Agencies

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