CoreLogic Reports Third Quarter 2018 Financial Results
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.
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CORELOGIC, INC.
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RECONCILIATION OF ADJUSTED EBITDA
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UNAUDITED
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For the Three Months Ended September 30, 2018
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(in thousands)
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PIRM
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UWS
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Corporate
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Elim
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CoreLogic
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Net income/(loss) from continuing operations
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$
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24,242
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$
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61,621
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$
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(63,328
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)
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$
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—
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$
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22,535
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Income taxes
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—
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—
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20,784
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—
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20,784
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Depreciation and amortization
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26,176
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16,402
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5,916
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—
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48,494
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Interest expense, net
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152
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73
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18,858
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—
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19,083
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Share-based compensation
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1,588
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1,896
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6,291
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9,775
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Non-operating (gains)/losses
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(1,685
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)
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—
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331
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—
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(1,354
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)
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Efficiency investments
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1,435
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—
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5,168
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—
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6,603
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Transaction costs
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1,922
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—
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211
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—
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2,133
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Amortization of acquired intangibles included in equity in losses of
affiliates
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233
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—
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—
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—
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233
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Adjusted EBITDA
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$
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54,063
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$
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79,992
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$
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(5,769
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$
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—
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$
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128,286
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For the Three Months Ended September 30, 2017
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(in thousands)
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PIRM
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UWS
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Corporate
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Elim
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CoreLogic
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Net income/(loss) from continuing operations
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$
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12,733
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$
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71,512
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$
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(53,417
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)
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$
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—
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$
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30,828
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Income taxes
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—
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—
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11,709
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—
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11,709
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Depreciation and amortization
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25,489
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14,615
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5,222
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—
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45,326
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Interest expense, net
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417
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65
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15,811
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—
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16,293
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Share-based compensation
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1,694
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2,107
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4,817
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—
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8,618
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Non-operating losses
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16,500
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2,393
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4,632
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—
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23,525
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Efficiency investments
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—
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—
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1,069
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—
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1,069
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Transaction costs
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—
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—
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1,025
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—
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1,025
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Amortization of acquired intangibles included in equity in losses of
affiliates
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156
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117
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—
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—
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273
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Adjusted EBITDA
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$
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56,989
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$
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90,809
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$
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(9,132
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)
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$
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—
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$
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138,666
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CORELOGIC, INC.
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RECONCILIATION OF ADJUSTED EPS
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UNAUDITED
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For the Three Months Ended September 30,
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(diluted income per share)
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2018
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2017
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Net income from continuing operations
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$
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0.27
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$
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0.36
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Share-based compensation
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0.12
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0.10
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Non-operating (gains)/losses
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(0.02
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0.28
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Efficiency investments
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0.08
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0.01
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Transaction costs
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0.03
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0.01
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Depreciation and amortization of acquired software and intangibles
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0.24
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0.21
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Income tax effect on adjustments
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—
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(0.25
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Adjusted EPS
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$
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0.72
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$
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0.72
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CORELOGIC, INC.
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RECONCILIATION TO FREE CASH FLOW
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UNAUDITED
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(in thousands)
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For the Twelve Months Ended
September 30, 2018
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Net cash provided by operating activities - continuing operations
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$
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363,553
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Purchases of property and equipment
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(52,994
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Purchases of capitalized data and other intangible assets
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(34,259
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)
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Free cash flow
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$
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276,300
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