|
CORELOGIC, INC. | |||||||
|
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
|
UNAUDITED | |||||||
|
| |||||||
|
(in thousands, except par value) |
June 30, |
|
December 31, | ||||
|
Assets |
2015 |
|
2014 | ||||
|
Current assets: |
|
|
| ||||
|
Cash and cash equivalents |
$ |
113,128 |
|
|
$ |
104,677 |
|
|
Marketable securities |
23,800 |
|
|
22,264 |
| ||
|
Accounts receivable (less allowance for doubtful accounts of $11,686 and $10,826 as of June 30, 2015 and December 31, 2014, respectively) |
267,066 |
|
|
214,344 |
| ||
|
Prepaid expenses and other current assets |
52,936 |
|
|
51,375 |
| ||
|
Income tax receivable |
11,227 |
|
|
13,357 |
| ||
|
Deferred income tax assets, current |
90,341 |
|
|
90,341 |
| ||
|
Assets of discontinued operations |
998 |
|
|
4,267 |
| ||
|
Total current assets |
559,496 |
|
|
500,625 |
| ||
|
Property and equipment, net |
350,969 |
|
|
368,614 |
| ||
|
Goodwill, net |
1,769,718 |
|
|
1,780,758 |
| ||
|
Other intangible assets, net |
256,311 |
|
|
278,270 |
| ||
|
Capitalized data and database costs, net |
329,969 |
|
|
333,265 |
| ||
|
Investment in affiliates, net |
103,549 |
|
|
103,598 |
| ||
|
Restricted cash |
11,706 |
|
|
12,360 |
| ||
|
Other assets |
139,629 |
|
|
138,872 |
| ||
|
Total assets |
$ |
3,521,347 |
|
|
$ |
3,516,362 |
|
|
Liabilities and Equity |
|
|
| ||||
|
Current liabilities: |
|
|
| ||||
|
Accounts payable and accrued expenses |
$ |
167,783 |
|
|
$ |
170,418 |
|
|
Accrued salaries and benefits |
85,181 |
|
|
99,786 |
| ||
|
Deferred revenue, current |
268,087 |
|
|
255,330 |
| ||
|
Current portion of long-term debt |
48,064 |
|
|
11,352 |
| ||
|
Liabilities of discontinued operations |
2,887 |
|
|
13,704 |
| ||
|
Total current liabilities |
572,002 |
|
|
550,590 |
| ||
|
Long-term debt, net of current |
1,261,270 |
|
|
1,319,211 |
| ||
|
Deferred revenue, net of current |
423,275 |
|
|
389,308 |
| ||
|
Deferred income tax liabilities, long term |
62,757 |
|
|
63,979 |
| ||
|
Other liabilities |
163,691 |
|
|
161,084 |
| ||
|
Total liabilities |
2,482,995 |
|
|
2,484,172 |
| ||
|
|
|
|
| ||||
|
Redeemable noncontrolling interests |
17,997 |
|
|
18,023 |
| ||
|
|
|
|
| ||||
|
Equity: |
|
|
| ||||
|
CoreLogic stockholders' equity: |
|
|
| ||||
|
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding |
— |
|
|
— |
| ||
|
Common stock, $0.00001 par value; 180,000 shares authorized; 89,069 and 89,343 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively |
1 |
|
|
1 |
| ||
|
Additional paid-in capital |
570,697 |
|
|
605,511 |
| ||
|
Retained earnings |
554,903 |
|
|
492,441 |
| ||
|
Accumulated other comprehensive loss |
(105,246) |
|
|
(83,786) |
| ||
|
Total equity |
1,020,355 |
|
|
1,014,167 |
| ||
|
Total liabilities and equity |
$ |
3,521,347 |
|
|
$ |
3,516,362 |
|
|
|
|
Please refer to the full Form 10-Q filing for the complete financial statements and related notes that are an integral part of the financial statements. |
