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CORELOGIC, INC. RECONCILIATION OF ADJUSTED EBITDA UNAUDITED |
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For the Three Months Ended June 30, 2017 |
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| (in thousands) | PI | RMW | Corporate | Elim | CoreLogic | |||||||||||||||
| Net income/(loss) from continuing operations | $ | 27,786 | $ | 64,154 | $ | (50,758 | ) | $ | — | $ | 41,182 | |||||||||
| Income taxes | — | — | 18,461 | — | 18,461 | |||||||||||||||
| Depreciation and amortization | 31,642 | 6,095 | 5,134 | — | 42,871 | |||||||||||||||
| Interest expense | 799 | 56 | 13,088 | — | 13,943 | |||||||||||||||
| Stock-based compensation | 2,862 | 815 | 5,095 | — | 8,772 | |||||||||||||||
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Non-operating losses |
6,213 | 770 | 1,020 | — | 8,003 | |||||||||||||||
| Efficiency investments | — | — | 181 | — | 181 | |||||||||||||||
| Transaction costs | — | — | 1,177 | — | 1,177 | |||||||||||||||
| Amortization of acquired intangibles included in equity in losses of affiliates | 244 | — | — | — | 244 | |||||||||||||||
| Adjusted EBITDA | $ | 69,546 | $ | 71,890 | $ | (6,602 | ) | $ | — | $ | 134,834 | |||||||||
| For the Three Months Ended June 30, 2016 | |||||||||||||||||||||
| (in thousands) | PI | RMW | Corporate | Elim | CoreLogic | ||||||||||||||||
| Net income/(loss) from continuing operations | $ | 33,111 | $ | 66,322 | $ | (59,009 | ) | $ | — | $ | 40,424 | ||||||||||
| Income taxes | — | — | 20,571 | — | 20,571 | ||||||||||||||||
| Depreciation and amortization | 32,373 | 6,614 | 4,304 | — | 43,291 | ||||||||||||||||
| Interest expense | 1,001 | 55 | 17,417 | — | 18,473 | ||||||||||||||||
| Stock-based compensation | 3,073 | 1,386 | 5,316 | — | 9,775 | ||||||||||||||||
| Non-operating gains | (1,100 | ) | — | (1,331 | ) | — | (2,431 | ) | |||||||||||||
| Efficiency investments | — | — | 383 | — | 383 | ||||||||||||||||
| Transaction costs | 1,914 | — | 3,232 | — | 5,146 | ||||||||||||||||
| Amortization of acquired intangibles included in equity in losses of affiliates | 723 | — | — | — | 723 | ||||||||||||||||
| Adjusted EBITDA | $ | 71,095 | $ | 74,377 | $ | (9,117 | ) | $ | — | $ | 136,355 | ||||||||||
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CORELOGIC, INC. RECONCILIATION OF ADJUSTED EPS UNAUDITED |
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| For the Three Months Ended June 30, | |||||||||
| (diluted income per share) | 2017 | 2016 | |||||||
| Net income from continuing operations | $ | 0.48 | $ | 0.45 | |||||
| Stock-based compensation | 0.10 | 0.11 | |||||||
| Non-operating losses/(gains) | 0.09 | (0.03 | ) | ||||||
| Transaction costs | 0.01 | 0.06 | |||||||
| Depreciation and amortization of acquired software and intangibles | 0.19 | 0.18 | |||||||
| Amortization of acquired intangibles included in equity in losses of affiliates | — | 0.01 | |||||||
| Income tax effect on adjustments | (0.15 | ) | (0.13 | ) | |||||
| Adjusted EPS | $ | 0.72 | $ | 0.65 | |||||
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CORELOGIC, INC. RECONCILIATION TO FREE CASH FLOW UNAUDITED |
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| (in thousands) |
For the Twelve Months
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| Net cash provided by operating activities - continuing operations | $ | 377,123 | |||
| Purchases of property and equipment | (37,590 | ) | |||
| Purchases of capitalized data and other intangible assets | (34,782 | ) | |||
| Free Cash Flow | $ | 304,751 | |||
