(Additional Financial Data Follow)
|
CORELOGIC, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED |
|||||||||||||||||
|
For the Three Months Ended |
For the Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| (in thousands, except per share amounts) | 2017 | 2016 | 2017 | 2016 | |||||||||||||
| Operating revenues | $ | 473,978 | $ | 500,204 | $ | 913,829 | $ | 953,747 | |||||||||
| Cost of services (excluding depreciation and amortization shown below) | 249,162 | 264,731 | 501,128 | 510,110 | |||||||||||||
| Selling, general and administrative expenses | 103,552 | 115,784 | 215,400 | 226,081 | |||||||||||||
| Depreciation and amortization | 42,871 | 43,291 | 86,343 | 82,935 | |||||||||||||
| Total operating expenses | 395,585 | 423,806 | 802,871 | 819,126 | |||||||||||||
| Operating income | 78,393 | 76,398 | 110,958 | 134,621 | |||||||||||||
| Interest expense: | |||||||||||||||||
| Interest income | 592 | 557 | 930 | 1,186 | |||||||||||||
| Interest expense | 14,535 | 19,030 | 28,666 | 33,954 | |||||||||||||
| Total interest expense, net | (13,943 | ) | (18,473 | ) | (27,736 | ) | (32,768 | ) | |||||||||
| (Loss)/gain on investments and other, net | (4,353 | ) | 2,704 | (3,418 | ) | 2,184 | |||||||||||
| Income from continuing operations before equity in (losses)/earnings of affiliates and income taxes | 60,097 | 60,629 | 79,804 | 104,037 | |||||||||||||
| Provision for income taxes | 18,635 | 20,283 | 24,909 | 36,062 | |||||||||||||
| Income from continuing operations before equity in (losses)/earnings of affiliates | 41,462 | 40,346 | 54,895 | 67,975 | |||||||||||||
| Equity in (losses)/earnings of affiliates, net of tax | (280 | ) | 78 | (1,004 | ) | (11 | ) | ||||||||||
| Net income from continuing operations | 41,182 | 40,424 | 53,891 | 67,964 | |||||||||||||
| Gain/(loss) from discontinued operations, net of tax | 78 | (4 | ) | 2,495 | (62 | ) | |||||||||||
| Gain from sale of discontinued operations, net of tax | — | — | 312 | — | |||||||||||||
| Net income | $ | 41,260 | $ | 40,420 | $ | 56,698 | $ | 67,902 | |||||||||
| Basic income per share: | |||||||||||||||||
| Net income from continuing operations | $ | 0.49 | $ | 0.46 | $ | 0.64 | $ | 0.77 | |||||||||
| Gain/(loss) from discontinued operations, net of tax | — | — | 0.03 | — | |||||||||||||
| Gain from sale of discontinued operations, net of tax | — | — | — | — | |||||||||||||
| Net income | $ | 0.49 | $ | 0.46 | $ | 0.67 | $ | 0.77 | |||||||||
| Diluted income per share: | |||||||||||||||||
| Net income from continuing operations | $ | 0.48 | $ | 0.45 | $ | 0.63 | $ | 0.76 | |||||||||
| Gain/(loss) from discontinued operations, net of tax | — | — | 0.03 | — | |||||||||||||
| Gain from sale of discontinued operations, net of tax | — | — | — | — | |||||||||||||
| Net income | $ | 0.48 | $ | 0.45 | $ | 0.66 | $ | 0.76 | |||||||||
| Weighted-average common shares outstanding: | |||||||||||||||||
| Basic | 84,548 | 88,572 | 84,490 | 88,441 | |||||||||||||
| Diluted | 86,097 | 89,968 | 86,224 | 89,947 | |||||||||||||
