Equifax: 2002 Annual Report

Our Business Description

Equifax, a 104-year-old S&P 500 company, enables and secures global commerce through its information management, marketing, consumer direct, and fraud, safety and security solutions. As a leader in information technology, Equifax serves customers across a wide range of industries and markets, including: financial services, retail, telecommunications, utilities, mortgage, brokerage, insurance, automotive, healthcare, direct marketing, government, security and transportation. Equifax also enlightens, enables and empowers consumers to manage and protect their financial health with consumer direct services offered at www.equifax.com. Equifax employs approximately 5,000 people in 13 countries: the United States, Canada, England, Ireland, Italy, Spain, Portugal, Argentina, Brazil, Chile, El Salvador, Peru and Uruguay. Revenue was $1.1 billion for 2002.

Equifax Financial Highlights*

* These financial highlights reflect the core operating results of the Company, as more fully described in Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”). Our core operating results in 2001 and 2000 are adjusted to exclude divested operations in 2001 and 2000, restructuring and impairment charges in 2001, and the adoption of SFAS 142, eliminating goodwill amortization, as if SFAS 142 was effective January 1, 2000. We believe our use of these non-GAAP financial measures allows for management and investors to evaluate and compare our core operating results from ongoing operations from period to period in a more meaningful and consistent manner. A reconciliation of these non-GAAP financial measures to comparable GAAP numbers is shown in the MD&A.
** Stock price for 2000 has been restated to reflect the spin-off of Certegy.

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