Equifax (EFX) FY2020 results: revenue $4.1 billion, up 17.7% on the year
Equifax Inc. (EFX) reported revenue of $4.1 billion for fiscal 2020, the year ended 31 December 2020, up 17.7% on the year before. Net income was $520 million, and diluted earnings per share $4.24. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$4.1 billion
+17.7% on the year
FY2016FY2020
Operating margin
16.4%
-9.6% a year earlier
FY2016FY2020
Net income
$520 million
FY2016FY2020
Diluted EPS
$4.24
FY2016FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,128
3,508
3,412
+17.7%
Cost of revenue
1,737
1,522
1,440
+14.2%
Gross profit
2,390
1,986
1,972
+20.4%
Gross margin
57.9%
56.6%
57.8%
Selling, general and administrative
1,322
1,990
1,213
-33.5%
Operating income
677
-335
448
Operating margin
16.4%
-9.6%
13.1%
Interest expense
142
112
104
+26.8%
Pre-tax income
685
-414
370
Income tax
159
-35.7
53.4
Effective tax rate
23.2%
n/a
14.4%
Net income
520
-384
310
Net margin
12.6%
-11.0%
9.1%
Diluted EPS
$4.24
-$3.15
$2.56
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
946
314
672
+201.5%
Capital expenditure
421
400
322
+5.4%
Free cash flow
525
-85.8
350
Free cash flow margin
12.7%
-2.4%
10.3%
Cash from investing
-493
-698
-462
Cash from financing
811
558
-311
+45.3%
Depreciation and amortisation
399
337
316
+18.4%
Share-based compensation
54.7
49.7
42.5
+10.1%
Buybacks
0.0
0.0
0.0
Dividends paid
190
189
188
+0.4%
Dividend per share
$1.56
$1.56
$1.56
0.0%
Diluted shares, weighted
123m
122m
121m
+0.7%
Shares outstanding at period end
122m
121m
121m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,168
2,579
3,108
+22.9%
Non-controlling interest
41.9
44.3
47.9
-5.4%
Debt
4,402
3,403
2,655
+29.4%
Other liabilities
1,999
1,883
1,343
+6.2%
Total liabilities and equity
9,612
7,909
7,153
+21.5%
Fixed assets
1,139
948
765
+20.2%
Goodwill
4,496
4,308
4,130
+4.4%
Intangible assets
998
1,045
1,099
-4.5%
Cash and equivalents
1,685
401
224
+319.8%
Receivables
631
532
469
+18.5%
Other assets
664
675
467
-1.7%
Total assets
9,612
7,909
7,153
+21.5%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.