Cover and table of contents

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Cover and table of contents

10-K 1 efx10k20171231.htm 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2017

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-06605


EQUIFAX INC.

(Exact name of registrant as specified in its charter)

Georgia58-0401110
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1550 Peachtree Street, N.W.
Atlanta, Georgia30309
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: 404-885-8000

Securities registered pursuant to Section 12(b) of the Act:

Title of each className of each exchange on which registered
Common Stock, $1.25 par value per shareNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None.


Indicate by check mark if Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Exchange Act (“Act”). ☒ YES ☐ NO

Indicate by check mark if Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ YES ☒ NO

Indicate by check mark whether Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ YES ☐ NO

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). YES ☒ NO ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

☒ Large accelerated filer☐ Accelerated filer☐ Non-accelerated filer☐ Smaller reporting company☐ Emerging growth company
(Do not check if a smaller reporting company)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ YES ☒ NO

As of June 30, 2017, the aggregate market value of Registrant’s common stock held by non-affiliates of Registrant was approximately $16,541,237,155 based on the closing sale price as reported on the New York Stock Exchange. At January 31, 2018, there were 120,123,872 shares of Registrant’s common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of Registrant’s definitive proxy statement for its 2018 annual meeting of shareholders are incorporated by reference in Part III of this Form 10-K.

TABLE OF CONTENTS

Page
PART I
Item 1.Business2
Item 1A.Risk Factors14
Item 1B.Unresolved Staff Comments24
Item 2.Properties24
Item 3.Legal Proceedings25
Item 4.Mine Safety Disclosures27
PART II
Item 5.Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities28
Item 6.Selected Financial Data31
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations34
Item 7A.Quantitative and Qualitative Disclosures About Market Risk59
Item 8.Financial Statements and Supplementary Data60
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure109
Item 9A.Controls and Procedures109
Item 9B.Other Information110
PART III
Item 10.Directors, Executive Officers and Corporate Governance110
Item 11.Executive Compensation111
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters111
Item 13.Certain Relationships and Related Transactions, and Director Independence111
Item 14.Principal Accountant Fees and Services112
PART IV.
Item 15.Exhibits and Financial Statement Schedules113
Item 16.Form 10-K Summary116
Signatures116

PART I

Next: Item 1. BUSINESS