2012 Q2 Form 10-Q Financial Statement

#000114420412041158 Filed on July 26, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $513.3M $471.5M
YoY Change 8.87% 2.34%
Cost Of Revenue $187.2M $188.7M
YoY Change -0.79% 0.21%
Gross Profit $326.1M $282.8M
YoY Change 15.31% 3.82%
Gross Profit Margin 63.53% 59.98%
Selling, General & Admin $156.8M $142.7M
YoY Change 9.88% 12.45%
% of Gross Profit 48.08% 50.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.10M $40.80M
YoY Change 0.74% -2.39%
% of Gross Profit 12.6% 14.43%
Operating Expenses $156.8M $142.7M
YoY Change 9.88% -14.35%
Operating Profit $129.0M $114.8M
YoY Change 12.37% 8.51%
Interest Expense $13.70M $13.70M
YoY Change 0.0% -197.16%
% of Operating Profit 10.62% 11.93%
Other Income/Expense, Net $2.200M -$9.600M
YoY Change -122.92% -1300.0%
Pretax Income $117.5M $91.30M
YoY Change 28.7% -1.3%
Income Tax $41.00M $54.20M
% Of Pretax Income 34.89% 59.36%
Net Earnings $76.40M $34.50M
YoY Change 121.45% -51.61%
Net Earnings / Revenue 14.88% 7.32%
Basic Earnings Per Share $0.63 $0.28
Diluted Earnings Per Share $0.62 $0.28
COMMON SHARES
Basic Shares Outstanding 120.3M shares 122.8M shares
Diluted Shares Outstanding 122.8M shares 124.6M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $183.1M $108.7M
YoY Change 68.45% 55.06%
Cash & Equivalents $183.1M $108.7M
Short-Term Investments
Other Short-Term Assets $9.800M $54.80M
YoY Change -82.12% -61.52%
Inventory
Prepaid Expenses $30.20M
Receivables $293.9M $273.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $517.0M $436.5M
YoY Change 18.44% -7.72%
LONG-TERM ASSETS
Property, Plant & Equipment $288.7M $300.9M
YoY Change -4.05% 0.0%
Goodwill $1.961B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $152.6M $177.3M
YoY Change -13.93% 83.16%
Total Long-Term Assets $3.004B $3.053B
YoY Change -1.6% 3.17%
TOTAL ASSETS
Total Short-Term Assets $517.0M $436.5M
Total Long-Term Assets $3.004B $3.053B
Total Assets $3.521B $3.489B
YoY Change 0.91% 1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.20M $26.70M
YoY Change 13.11% 1.91%
Accrued Expenses $64.10M $100.4M
YoY Change -36.16% 0.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.00M $17.60M
YoY Change -3.41% -79.89%
Total Short-Term Liabilities $293.8M $298.7M
YoY Change -1.64% -19.2%
LONG-TERM LIABILITIES
Long-Term Debt $951.8M $963.9M
YoY Change -1.26% -1.58%
Other Long-Term Liabilities $51.00M $171.6M
YoY Change -70.28% 2.39%
Total Long-Term Liabilities $1.003B $1.136B
YoY Change -11.69% -1.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $293.8M $298.7M
Total Long-Term Liabilities $1.003B $1.136B
Total Liabilities $1.693B $1.705B
YoY Change -0.69% -3.59%
SHAREHOLDERS EQUITY
Retained Earnings $2.984B
YoY Change
Common Stock $1.362B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.144B
YoY Change
Treasury Stock Shares 68.90M shares
Shareholders Equity $1.805B $1.784B
YoY Change
Total Liabilities & Shareholders Equity $3.521B $3.489B
YoY Change 0.91% 1.67%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $76.40M $34.50M
YoY Change 121.45% -51.61%
Depreciation, Depletion And Amortization $41.10M $40.80M
YoY Change 0.74% -2.39%
Cash From Operating Activities $149.0M $123.9M
YoY Change 20.26% 22.43%
INVESTING ACTIVITIES
Capital Expenditures -$14.30M -$17.70M
YoY Change -19.21% 4.73%
Acquisitions
YoY Change
Other Investing Activities -$1.100M $2.500M
YoY Change -144.0% -95.76%
Cash From Investing Activities -$15.40M -$15.20M
YoY Change 1.32% -136.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.10M -85.50M
YoY Change -12.16% -42.54%
NET CHANGE
Cash From Operating Activities 149.0M 123.9M
Cash From Investing Activities -15.40M -15.20M
Cash From Financing Activities -75.10M -85.50M
Net Change In Cash 58.50M 23.20M
YoY Change 152.16% -521.82%
FREE CASH FLOW
Cash From Operating Activities $149.0M $123.9M
Capital Expenditures -$14.30M -$17.70M
Free Cash Flow $163.3M $141.6M
YoY Change 15.32% 19.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Goodwill
Goodwill
1961200000
CY2011Q4 us-gaap Finite Lived Computer Software Gross
FiniteLivedComputerSoftwareGross
332200000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
693700000
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
96800000
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1118000000
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
15600000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
156400000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1702400000
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
550200000
CY2011Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
183100000
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1722100000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-89300000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
79200000
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1090000000
CY2011Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1800000
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
69100000 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
119600000 shares
CY2011Q4 us-gaap Liabilities
Liabilities
1786500000
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
27500000
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
24600000
CY2011Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
55800000
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
53500000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
300300000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2879200000
CY2011Q4 us-gaap Assets
Assets
3508600000
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
227800000
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
284400000
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Debt Current
DebtCurrent
47200000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3508600000
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
999200000
CY2011Q4 us-gaap Minority Interest
MinorityInterest
19700000
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2133700000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
127700000
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1077400000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
189300000 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-391800000
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
56300000
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
362800000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5900000
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
236600000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.25
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
527200000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-2200000
CY2011Q4 us-gaap Assets Current
AssetsCurrent
452300000
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
176400000
CY2011Q4 us-gaap Indefinite Lived Contractual Rights
IndefiniteLivedContractualRights
95600000
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
400800000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
292900000
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
966000000
CY2011Q4 us-gaap Common Stock Held In Trust
CommonStockHeldInTrust
5900000
CY2011Q4 efx Buildings Land And Improvements Gross
BuildingsLandAndImprovementsGross
178400000
CY2011Q4 efx Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectTax
1400000
CY2011Q4 efx Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
172100000
CY2011Q4 efx Fair Value Adjustment Of Debt
FairValueAdjustmentOfDebt
15800000
CY2011Q4 efx Long Term Debt Carrying Amount
LongTermDebtCarryingAmount
970000000
CY2011Q4 efx Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
600000 shares
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
119863893 shares
CY2011Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1769800000
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1802600000
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
108700000
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1824600000
CY2012Q2 us-gaap Goodwill
Goodwill
1961300000
CY2012Q2 us-gaap Finite Lived Computer Software Gross
FiniteLivedComputerSoftwareGross
350400000
CY2012Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
721700000
CY2012Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
67000000
CY2012Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1125700000
CY2012Q2 us-gaap Other Assets Current
OtherAssetsCurrent
9800000
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
152600000
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
1805300000
CY2012Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
505900000
CY2012Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
5100000
CY2012Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
196600000
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1827900000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-94700000
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
61200000
CY2012Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1100000000
CY2012Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1800000
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
68900000 shares
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
119800000 shares
CY2012Q2 us-gaap Liabilities
Liabilities
1693200000
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
30200000
CY2012Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
30200000
CY2012Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
54300000
CY2012Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
51000000
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
294100000
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2983600000
CY2012Q2 us-gaap Assets
Assets
3521100000
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
228700000
CY2012Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
293900000
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Debt Current
DebtCurrent
17000000
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3521100000
CY2012Q2 us-gaap Long Term Debt
LongTermDebt
955900000
CY2012Q2 us-gaap Minority Interest
MinorityInterest
22600000
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2143800000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
183100000
CY2012Q2 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
11400000
CY2012Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1020800000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
189300000 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-390900000
CY2012Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
64100000
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
293800000
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6000000
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
236600000
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.25
CY2012Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Lower Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeLowerBound
0
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
514900000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-2100000
CY2012Q2 us-gaap Assets Current
AssetsCurrent
517000000
CY2012Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
167900000
CY2012Q2 us-gaap Indefinite Lived Contractual Rights
IndefiniteLivedContractualRights
95600000
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
433000000
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
288700000
CY2012Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
951800000
CY2012Q2 us-gaap Common Stock Held In Trust
CommonStockHeldInTrust
5900000
CY2012Q2 efx Buildings Land And Improvements Gross
BuildingsLandAndImprovementsGross
174700000
CY2012Q2 efx Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectTax
1400000
CY2012Q2 efx Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansTax
168900000
CY2012Q2 efx Fair Value Adjustment Of Debt
FairValueAdjustmentOfDebt
14700000
CY2012Q2 efx Long Term Debt Carrying Amount
LongTermDebtCarryingAmount
970000000
CY2012Q2 efx Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
500000000
CY2012Q2 efx Common Stock Held In Trust Shares
CommonStockHeldInTrustShares
600000 shares
CY2012Q2 efx Renewal Option Terms Maximum Additional Period
RenewalOptionTermsMaximumAdditionalPeriod
P10Y
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1708400000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
119400000
us-gaap Costs And Expenses
CostsAndExpenses
736000000
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
2700000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-10800000
us-gaap Operating Income Loss
OperatingIncomeLoss
223700000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
3400000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4600000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
30700000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16700000
efx Increase Decrease In Current Liabilities Excluding Debt
IncreaseDecreaseInCurrentLiabilitiesExcludingDebt
-51300000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9300000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2600000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-27800000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83500000
us-gaap Share Based Compensation
ShareBasedCompensation
11800000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
43900000
us-gaap Profit Loss
ProfitLoss
96400000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
100000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31300000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
us-gaap Depreciation And Amortization
DepreciationAndAmortization
83800000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.484 pure
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12300000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74800000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10700000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8100000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4400000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39200000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8800000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124600000 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15200000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
44400000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
186900000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-83900000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3600000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
600000
us-gaap Cost Of Services
CostOfServices
380700000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122800000 shares
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
959700000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.32
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1400000 shares
us-gaap Net Income Loss
NetIncomeLoss
91800000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
6100000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
600000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
271500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90500000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2500000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
145300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46100000
us-gaap Interest Expense
InterestExpense
27500000
dei Trading Symbol
TradingSymbol
EFX
dei Entity Registrant Name
EntityRegistrantName
EQUIFAX INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000033185
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Costs And Expenses
CostsAndExpenses
796800000
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
3600000
us-gaap Goodwill Allocation Adjustment
GoodwillAllocationAdjustment
200000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-900000
us-gaap Operating Income Loss
OperatingIncomeLoss
261700000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
31600000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4600000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15100000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3600000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-400000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
3800000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82400000
us-gaap Share Based Compensation
ShareBasedCompensation
15000000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
34500000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
1100000
us-gaap Profit Loss
ProfitLoss
152500000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
100000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
51100000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000 shares
us-gaap Depreciation And Amortization
DepreciationAndAmortization
82600000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.359 pure
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
33300000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200400000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35600000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
51100000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 Segment
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
55400000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-900000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6200000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
43100000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1500000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122600000 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9800000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5700000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
43500000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
237800000
us-gaap Open Option Contracts Written Expiration Dates
OpenOptionContractsWrittenExpirationDates
2013-08-01
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
600000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-108900000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
45.33
us-gaap Investment Owned Subject To Option Exercise Dates
InvestmentOwnedSubjectToOptionExerciseDates
The option exercise price will be determined by a third-party appraisal process and would be due in cash within 180 days after the exercise of the option.
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
261000000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1400000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
500000
us-gaap Cost Of Services
CostOfServices
404800000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120100000 shares
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
One year or less
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1400000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1058500000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.36
us-gaap Net Income Loss
NetIncomeLoss
147900000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-800000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
500000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
309400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85300000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-500000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2500000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
153100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
44600000
us-gaap Interest Expense
InterestExpense
27500000
efx Increase Decrease In Current Liabilities Excluding Debt
IncreaseDecreaseInCurrentLiabilitiesExcludingDebt
-36900000
efx Shares Issued Under Stock And Benefit Plans Net Of Minimum Tax Withholdings Values
SharesIssuedUnderStockAndBenefitPlansNetOfMinimumTaxWithholdingsValues
29500000
efx Dividends Paid To Employee Benefits Trust
DividendsPaidToEmployeeBenefitsTrust
400000
efx Goodwill Tax Deduction From Exercise Of Stock Options
GoodwillTaxDeductionFromExerciseOfStockOptions
1200000
efx Service Agreements Expiration Date
ServiceAgreementsExpirationDate
2018-07-31
CY2011Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-05-31
CY2011Q2 efx Description Of Funding Commitments
DescriptionOfFundingCommitments
Equifax has committed to make certain additional funding available to BVS. Until May 31, 2013, BVS will have the right to borrow up to $55 million from Equifax for general corporate purposes; any borrowings would be due and payable on May 31, 2015. Payments for principal and interest on any borrowings will be convertible, at Equifax’s option, into additional shares of BVS nonvoting preferred stock. Preferred shares issued as a result of any borrowings will be convertible to common shares under specific conditions.
CY2011Q2 us-gaap Costs And Expenses
CostsAndExpenses
372500000
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
114600000
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2600000
CY2011Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9600000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2011Q2 us-gaap Profit Loss
ProfitLoss
37100000
CY2011Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000 shares
CY2011Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41100000
CY2011Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.594 pure
CY2011Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2200000
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124600000 shares
CY2011Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
33300000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
91300000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2011Q2 us-gaap Cost Of Services
CostOfServices
188700000
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122800000 shares
CY2011Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
487100000
CY2011Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.16
CY2011Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000 shares
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
34500000
CY2011Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
142700000
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54200000
CY2011Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
72600000
CY2011Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22500000
CY2011Q2 us-gaap Interest Expense
InterestExpense
13700000
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
403100000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
132700000
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2400000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2200000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2012Q2 us-gaap Profit Loss
ProfitLoss
78800000
CY2012Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
100000
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2500000 shares
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41200000
CY2012Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.350 pure
CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2800000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122800000 shares
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-20800000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
121200000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2012Q2 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
261000000
CY2012Q2 us-gaap Cost Of Services
CostOfServices
203600000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120300000 shares
CY2012Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
535800000
CY2012Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
76400000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
158300000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42400000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
60900000
CY2012Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22200000
CY2012Q2 us-gaap Interest Expense
InterestExpense
13700000

Files In Submission

Name View Source Status
0001144204-12-041158-index-headers.html Edgar Link pending
0001144204-12-041158-index.html Edgar Link pending
0001144204-12-041158.txt Edgar Link pending
0001144204-12-041158-xbrl.zip Edgar Link pending
efx-20120630.xml Edgar Link completed
efx-20120630.xsd Edgar Link pending
efx-20120630_cal.xml Edgar Link unprocessable
efx-20120630_def.xml Edgar Link unprocessable
efx-20120630_lab.xml Edgar Link unprocessable
efx-20120630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v316188_10q.htm Edgar Link pending
v316188_ex31-1.htm Edgar Link pending
v316188_ex31-2.htm Edgar Link pending
v316188_ex32-1.htm Edgar Link pending
v316188_ex32-2.htm Edgar Link pending