Equifax, Inc. is an American multinational consumer credit reporting agency (credit bureau), based in Atlanta, Georgia. A credit bureau is a for-profit firm that sells data to lenders regarding people’s and business’ payment and credit histories.
It is a leading provider of informational solutions and human resources business process outsourcing services.
It has a broad range of clients, including corporations, institutions, governments, and individuals.
Equifax’s products and services are based on comprehensive databases of consumer and business information that use public records, credits, financial assets, telecommunications and utility payments, employment details, income data, and demographic and marketing data.
The company uses advanced statistical techniques and proprietary software tools to analyze all available data.
It operates in three regions: North America (U.S. and Canada), Europe (the United Kingdom, Spain and Portugal) and Latin America (Argentina, Chile, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru and Uruguay).
The history of the company traces back to 1899 as the “Retail Credit Company”. The company quickly grew and was incorporated under the laws of the State of Georgia in 1913. By the 1960s it was one of the country’s largest credit bureaus.
Equifax, Inc. – Live Stock Market Data
Equifax, Inc. – Overview
- Chairman and CEO: Richard F. Smith
- CFO: Lee Adrean
- Type: Public
- Industry: Credit Reporting
- Publicly listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: EFX
- S&P 500 Component
- Revenue: $2.303 billion USD (2013)
- Net income: $359.9 million USD (2013)
- Diluted earnings per share: $2.84 USD (2013)
- Founded: 1899
- Employees: 7,000 (2013)
- Corporate headquarters: 1550 Peachtree Street, N.W. Atlanta, Georgia, USA
- Corporate contact number: 404-885-8000
- Website: http://www.equifax.com/
Equifax, Inc. – Financial Results
| Operating data (in $ millions) | 2013 | 2012 |
| Operating revenue | $2,303.9 | $2,073.0 |
| Total operating expenses | $1,692.7 | $1,593.0 |
| Operating income | $611.2 | $480.0 |
| Consolidated income from continuing operations | $341.5 | $275.3 |
| Income from discontinued operations, net of tax | $18.4 | $5.5 |
| Consolidated net income | $359.9 | $280.8 |
| Net income attributable to Equifax | $351.8 | $272.1 |
| Comprehensive income | $406.4 | $310.3 |
| Balance sheet data (in $ millions) | ||
| Total assets | $4,539.9 | $4,520.1 |
| Total liabilities | $2,198.9 | $2,560.9 |
| Total Equifax shareholders’ equity | $2,300.7 | $1,933.2 |
| Cash flow data (in $ millions) | ||
| Net cash provided by operating activities | $566.3 | $496.3 |
| Net cash used in investing activities | $(133.6) | $(1,083.6) |
| Cash (used in) provided by financing activities | $(333.1) | $606.3 |
| Cash and cash equivalents at end of period | $235.9 | $146.8 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $2.90 | $2.27 |
| Diluted earnings (loss) per common share | $2.84 | $2.22 |
Source: “Equifax, Inc. 2013 Annual Report”