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Equifax Inc (EFX) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Equifax Inc

CIK: 33185 Ticker: EFX

 

Exhibit 99.1

 

   
  1550 Peachtree Street, N.W. Atlanta, Georgia 30309

  

NEWS RELEASE

 

Contact:

 

Jeff Dodge Tim Klein
Investor Relations Media Relations
(404) 885-8804 (404) 885-8555
jeff.dodge@equifax.com tim.klein@equifax.com

 

Equifax Reports Fourth Quarter and Record Full Year 2013 Results;

Board Approves a 14% Increase in Quarterly Dividend to $0.25 per share,

the 4th Consecutive Double-Digit Annual Increase

 

ATLANTA, February 13, 2014

-- Equifax Inc. (NYSE: EFX) today announced financial results for the quarter and full year ended December 31, 2013. The company reported revenue from continuing operations of $578.5 million in the fourth quarter of 2013, an 8 percent increase from the fourth quarter of 2012. On a non-GAAP basis, adjusted revenue, excluding the impact of the collection of certain reserved 2012 billings, was $571.3 million for the quarter, a 7 percent increase from the fourth quarter of 2012 and an 8 percent increase in local currency.

 

Fourth quarter diluted EPS from continuing operations attributable to Equifax was $0.62, an increase of 70 percent from the fourth quarter of 2012. On a non-GAAP basis, adjusted EPS from continuing operations attributable to Equifax was $0.91, up 21 percent from the fourth quarter of 2012. This financial measure excludes the following items in 2013: the impact of the collection of certain reserved 2012 billings, a restructuring charge to realign internal resources, an impairment of our investment in Boa Vista Servicos (“BVS”) and acquisition-related amortization expense, net of associated tax impacts. It excludes the following items in 2012: fees related to the CSC Credit Services acquisition, a pension settlement, certain tax items, and acquisition-related amortization expense, net of associated tax impacts as described more fully in the attached Q&A.

 

For the full year 2013, revenue was $2.3 billion, an 11 percent increase from 2012, both on a GAAP and adjusted basis. Diluted EPS from continuing operations attributable to Equifax was $2.69, a 24 percent increase from $2.18 for the full year 2012. On a non-GAAP basis, full year adjusted EPS from continuing operations attributable to Equifax was $3.60, up 24 percent from the prior year period; this financial measure excludes the same items as those in the fourth quarter of both 2013 and 2012.

 

“Our fourth quarter performance continues to reflect strong execution on our strategic growth initiatives, including new product innovation, deeper penetration of our key end-user markets, and strategic acquisitions,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer. “On a number of measures, 2013 was a record year for Equifax. We ended the year with revenue growth of 11% and 24% growth in Adjusted Earnings per Share. We have a number of exciting initiatives underway and I anticipate we will deliver another year of solid performance in 2014.”

 


The following information was filed by Equifax Inc (EFX) on Thursday, February 13, 2014 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
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) (detail)
Accumulated Other Comprehensive Income (reclassifications Out Of Accumulated Other Comprehensive Income) (detail)
Accumulated Other Comprehensive Income (tables)
Acquisitions And Investments
Acquisitions And Investments (acquired Intangible Assets Fair Value And Weighted-average Useful Life) (detail)
Acquisitions And Investments (additional Information) (detail)
Acquisitions And Investments (estimated Fair Value Of Net Assets Acquired And Liabilities Assumed At Acquisition Dates) (detail)
Acquisitions And Investments (estimated Fair Value Of Net Assets Acquired And Liabilities Assumed At Acquisition Dates) (parenthetical) (detail)
Acquisitions And Investments (tables)
Benefit Plans
Benefit Plans (additional Information) (detail)
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) (detail)
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) (parenthetical) (detail)
Benefit Plans (amounts Recognized In Other Comprehensive Income (loss) (detail)
Benefit Plans (amounts Recognized In Other Comprehensive Income (loss) (parenthetical) (detail)
Benefit Plans (asset Allocation Ranges And Actual Allocation, Crip) (detail)
Benefit Plans (asset Allocation Ranges And Actual Allocation, Usrip)) (detail)
Benefit Plans (benefit Costs Included In Accumulated Other Comprehensive Loss That Have Not Yet Recognized In Net Periodic Pension Cost) (detail)
Benefit Plans (benefit Costs Included In Accumulated Other Comprehensive Loss That Have Not Yet Recognized In Net Periodic Pension Cost) (parenthetical) (detail)
Benefit Plans (components Of Net Periodic Benefit Cost) (detail)
Benefit Plans (effect Of One-percentage Point Change In Assumed Healthcare Cost Trend Rates) (detail)
Benefit Plans (estimated Future Benefits Payable For Retirement And Postretirement Plans) (detail)
Benefit Plans (fair Value Of Pension Assets) (detail)
Benefit Plans (fair Value Of Pension Assets) (parenthetical) (detail)
Benefit Plans (fair Value Of Postretirement Assets) (detail)
Benefit Plans (fair Value Of Postretirement Assets) (parenthetical) (detail)
Benefit Plans (net Amounts Recognized, Or Funded Status Of Pension And Other Postretirement Benefit Plans) (detail)
Benefit Plans (reconciliation Of Beginning And Ending Balances For Plan Assets Valued Using Significant Unobservable Inputs) (detail)
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Benefit Plans (tables)
Benefit Plans (weighted-average Assumptions Used To Determine Benefit Obligations) (detail)
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Commitments And Contingencies
Commitments And Contingencies (additional Information) (detail)
Commitments And Contingencies (expected Future Minimum Payment Obligations For Non-cancelable Operating Leases Exceeding One Year) (detail)
Commitments And Contingencies (tables)
Debt
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Debt (debt Outstanding) (detail)
Debt (debt Outstanding) (parenthetical) (detail)
Debt (scheduled Future Maturities Of Debt) (detail)
Debt (tables)
Discontinued Operations
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Goodwill And Other Intangible Assets
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Goodwill And Other Intangible Assets (changes In Amount Of Goodwill) (detail)
Goodwill And Other Intangible Assets (estimated Future Amortization Expense) (detail)
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Income Taxes
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Income Taxes (components Of Deferred Income Tax Assets And Liabilities) (detail)
Income Taxes (deferred Income Tax Assets And Liabilities) (detail)
Income Taxes (domestic And Foreign Income From Continuing Operations Before Income Taxes) (detail)
Income Taxes (provision For Income Taxes From Continuing Operations) (detail)
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Merger Of Brazilian Business
Merger Of Brazilian Business (additional Information) (detail)
Quarterly Financial Data (additional Information) (detail)
Quarterly Financial Data (quarterly Financial Data) (detail)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Restructuring Charges
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Segment Information
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Segment Information (financial Information By Geographic Area) (detail)
Segment Information (segment Information) (detail)
Segment Information (tables)
Shareholder Rights Plan
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Stock-based Compensation
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Stock-based Compensation (assumptions Used To Estimate Fair Value Of Stock Options Granted) (detail)
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Subsequent Events
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Summary Of Significant Accounting Policies (useful Life Of Other Purchased Intangible Assets) (detail)
Ticker: EFX
CIK: 33185
Form Type: 10-K Annual Report
Accession Number: 0001144204-14-012238
Submitted to the SEC: Thu Feb 27 2014 7:45:43 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Consumer Credit Reporting Collection Agencies

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