CoreLogic, Inc. |
||||||||||||||||||||||
Reconciliation of Adjusted EBITDA |
||||||||||||||||||||||
(Unaudited) |
||||||||||||||||||||||
|
For the Three Months Ended September 30, 2020 |
|||||||||||||||||||||
(in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
|||||||||||||||||
Net income/(loss) from continuing operations |
$ |
58,325 |
|
|
$ |
124,834 |
|
|
$ |
(80,692 |
) |
|
$ |
— |
|
$ |
102,467 |
|
|
|||
Income taxes |
— |
|
|
— |
|
|
(9,237 |
) |
|
— |
|
(9,237 |
) |
|
||||||||
Depreciation and amortization |
23,474 |
|
|
12,017 |
|
|
8,119 |
|
|
— |
|
43,610 |
|
|
||||||||
Interest expense/(income), net |
459 |
|
|
(8 |
) |
|
16,470 |
|
|
— |
|
16,921 |
|
|
||||||||
Share-based compensation |
2,195 |
|
|
2,515 |
|
|
7,836 |
|
|
— |
|
12,546 |
|
|
||||||||
Non-operating (gains)/losses |
(35,101 |
) |
|
(128 |
) |
|
(101 |
) |
|
— |
|
(35,330 |
) |
|
||||||||
| Efficiency investments and other |
(524 |
) |
|
320 |
|
|
7,953 |
|
|
— |
|
7,749 |
|
|
||||||||
| Transaction costs |
235 |
|
|
223 |
|
|
368 |
|
|
— |
|
826 |
|
|
||||||||
| Unsolicited Proposal Related Costs |
— |
|
|
— |
|
|
36,748 |
|
|
— |
|
36,748 |
|
|
||||||||
| Adjusted EBITDA |
$ |
49,063 |
|
|
$ |
139,773 |
|
|
$ |
(12,536 |
) |
|
$ |
— |
|
$ |
176,300 |
|
|
|||
|
|
For the Three Months Ended September 30, 2019 |
|||||||||||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
|
CoreLogic |
||||||||||||||||
| Net income/(loss) from continuing operations |
$ |
19,366 |
|
|
$ |
70,642 |
|
|
$ |
(58,340 |
) |
|
$ |
— |
|
$ |
31,668 |
|
|
|||
| Income taxes |
— |
|
|
— |
|
|
11,731 |
|
|
— |
|
11,731 |
|
|
||||||||
| Depreciation and amortization |
23,061 |
|
|
11,799 |
|
|
7,529 |
|
|
— |
|
42,389 |
|
|
||||||||
| Interest (income)/expense, net |
(61 |
) |
|
61 |
|
|
19,503 |
|
|
— |
|
19,503 |
|
|
||||||||
| Share-based compensation |
1,528 |
|
|
1,586 |
|
|
5,691 |
|
|
— |
|
8,805 |
|
|
||||||||
| Non-operating (gains)/losses |
(190 |
) |
|
278 |
|
|
(1,327 |
) |
|
— |
|
(1,239 |
) |
|
||||||||
| Efficiency investments and other |
237 |
|
|
304 |
|
|
5,827 |
|
|
— |
|
6,368 |
|
|
||||||||
| Transaction costs |
1,606 |
|
|
|
138 |
|
|
— |
|
1,744 |
|
|
||||||||||
| Amortization of acquired intangibles included in equity in losses of affiliates |
77 |
|
|
|
— |
|
|
— |
|
77 |
|
|
||||||||||
| Adjusted EBITDA |
$ |
45,624 |
|
|
$ |
84,670 |
|
|
$ |
(9,248 |
) |
|
$ |
— |
|
$ |
121,046 |
|
|
|||
| CoreLogic, Inc. |
||||||||||
| Reconciliation of Adjusted EPS |
||||||||||
| (Unaudited) |
||||||||||
|
|
For the Three Months Ended September 30, |
|||||||||
| (Diluted income per share) |
2020 |
|
2019 |
|||||||
| Net income from continuing operations |
$ |
1.26 |
|
|
|
$ |
0.39 |
|
|
|
| Share-based compensation |
0.15 |
|
|
|
0.11 |
|
|
|||
| Non-operating gains |
(0.43 |
) |
|
|
(0.02 |
) |
|
|||
| Efficiency investments and other |
0.10 |
|
|
|
0.08 |
|
|
|||
| Transaction costs |
0.01 |
|
|
|
0.02 |
|
|
|||
| Depreciation and amortization of acquired software and intangibles |
0.22 |
|
|
|
0.21 |
|
|
|||
| Unsolicited Proposal Related Costs |
0.45 |
|
|
|
— |
|
|
|||
| Income tax effect on adjustments |
(0.55 |
) |
|
|
(0.08 |
) |
|
|||
| Adjusted EPS |
$ |
1.21 |
|
|
|
$ |
0.71 |
|
|
|
| Core Logic, Inc. |
||||
| Reconciliation to Free Cash Flow |
||||
| (Unaudited) |
||||
| (in thousands) |
|
For the Twelve Months Ended September 30, 2020 |
||
| Net cash provided by operating activities - continuing operations |
|
$ |
508,323 |
|
| Purchases of property and equipment |
|
(66,645 |
) |
|
| Purchases of capitalized data and other intangible assets |
|
(38,353 |
) |
|
| Free cash flow |
|
$ |
403,325 |
|
