Equifax (EFX) FY2019 results: revenue $3.5 billion, up 2.8% on the year
Equifax Inc. (EFX) reported revenue of $3.5 billion for fiscal 2019, the year ended 31 December 2019, up 2.8% on the year before. Net income was -$384 million, and diluted earnings per share $-3.15. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$3.5 billion
+2.8% on the year
FY2016FY2019
Operating margin
-9.6%
13.1% a year earlier
FY2016FY2019
Net income
-$384 million
FY2016FY2019
Diluted EPS
-$3.15
FY2016FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,508
3,412
3,362
+2.8%
Cost of revenue
1,522
1,440
1,211
+5.6%
Gross profit
1,986
1,972
2,152
+0.7%
Gross margin
56.6%
57.8%
64.0%
Selling, general and administrative
1,990
1,213
1,032
+64.0%
Operating income
-335
448
832
Operating margin
-9.6%
13.1%
24.7%
Interest expense
112
104
92.8
+7.9%
Pre-tax income
-414
370
747
Income tax
-35.7
53.4
149
Effective tax rate
n/a
14.4%
19.9%
Net income
-384
310
587
Net margin
-11.0%
9.1%
17.5%
Diluted EPS
-$3.15
$2.56
$4.83
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
314
672
816
-53.3%
Capital expenditure
400
322
218
+24.1%
Free cash flow
-85.8
350
598
Free cash flow margin
-2.4%
10.3%
17.8%
Cash from investing
-698
-462
-350
Cash from financing
558
-311
-264
Depreciation and amortisation
337
316
291
+6.8%
Share-based compensation
49.7
42.5
38.3
+16.9%
Buybacks
0.0
0.0
77.1
Dividends paid
189
188
187
+0.4%
Dividend per share
$1.56
$1.56
$1.56
0.0%
Diluted shares, weighted
122m
121m
122m
+0.5%
Shares outstanding at period end
121m
121m
120m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,579
3,108
3,174
-17.0%
Non-controlling interest
44.3
47.9
64.6
-7.5%
Debt
3,403
2,655
2,715
+28.2%
Other liabilities
1,883
1,343
1,279
+40.3%
Total liabilities and equity
7,909
7,153
7,233
+10.6%
Fixed assets
948
765
567
+23.9%
Goodwill
4,308
4,130
4,184
+4.3%
Intangible assets
1,045
1,099
1,247
-5.0%
Cash and equivalents
401
224
336
+79.5%
Receivables
532
469
445
+13.4%
Other assets
675
467
454
+44.6%
Total assets
7,909
7,153
7,233
+10.6%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.