CoreLogic, Inc.
Reconciliation of Adjusted EBITDA
(Unaudited)
|
For the Three Months Ended December 31, 2020 |
||||||||||||||
(in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||
Net income/(loss) from continuing operations |
$ |
27,414 |
|
$ |
150,156 |
|
$ |
(91,140) |
|
$ |
— |
|
$ |
86,430 |
|
Income taxes |
— |
|
— |
|
22,133 |
|
— |
|
22,133 |
|
|||||
Depreciation and amortization |
23,807 |
|
12,035 |
|
7,964 |
|
— |
|
43,806 |
|
|||||
Interest expense/(income), net |
470 |
|
(33) |
|
16,392 |
|
— |
|
16,829 |
|
|||||
Share-based compensation |
1,928 |
|
1,737 |
|
7,499 |
|
— |
|
11,164 |
|
|||||
Non-operating (gains)/losses |
(2,202) |
|
— |
|
(3,198) |
|
— |
|
(5,400) |
|
|||||
Efficiency investments and other |
(205) |
|
251 |
|
7,496 |
|
— |
|
7,542 |
|
|||||
Transaction costs |
1,723 |
|
223 |
|
34 |
|
— |
|
1,980 |
|
|||||
| Impairment Loss |
— |
|
1,050 |
|
31 |
|
— |
|
1,081 |
|
|||||
| Unsolicited Proposal Related Costs |
— |
— |
17,098 |
|
— |
17,098 |
|
||||||||
| Adjusted EBITDA |
$ |
52,935 |
|
$ |
165,419 |
|
$ |
(15,691) |
|
$ |
— |
|
$ |
202,663 |
|
|
|
For the Three Months Ended December 31, 2019 |
||||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||
| Net income/(loss) from continuing operations |
$ |
9,377 |
|
$ |
72,709 |
|
$ |
(56,541) |
|
$ |
— |
|
$ |
25,545 |
|
| Income taxes |
— |
|
— |
|
7,189 |
|
— |
|
7,189 |
|
|||||
| Depreciation and amortization |
22,727 |
|
11,947 |
|
7,659 |
|
— |
|
42,333 |
|
|||||
| Interest (income)/expense, net |
(88) |
|
67 |
|
18,769 |
|
— |
|
18,748 |
|
|||||
| Share-based compensation |
1,707 |
|
1,564 |
|
5,882 |
|
— |
|
9,153 |
|
|||||
| Impairment loss |
— |
|
|
— |
|
— |
|
— |
|
||||||
| Non-operating losses |
425 |
|
6,002 |
|
963 |
|
— |
|
7,390 |
|
|||||
| Efficiency investments and other |
1,023 |
|
293 |
|
6,228 |
|
— |
|
7,544 |
|
|||||
| Transaction costs |
1,468 |
|
359 |
|
72 |
|
— |
|
1,899 |
|
|||||
| Amortization of acquired intangibles included in equity in losses of affiliates |
77 |
|
|
— |
|
— |
|
77 |
|
||||||
| Adjusted EBITDA |
$ |
36,716 |
|
$ |
92,941 |
|
$ |
(9,779) |
|
$ |
— |
|
$ |
119,878 |
|
|
|
For the Year Ended December 31, 2020 |
||||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||
| Net income/(loss) from continuing operations |
$ |
129,865 |
|
$ |
431,873 |
|
$ |
(297,488) |
|
$ |
— |
|
$ |
264,250 |
|
| Income taxes |
— |
|
— |
|
42,184 |
|
— |
|
42,184 |
|
|||||
| Depreciation and amortization |
93,640 |
|
48,126 |
|
32,679 |
|
— |
|
174,445 |
|
|||||
| Interest expense/(income), net |
1,760 |
|
(56) |
|
67,472 |
|
— |
|
69,176 |
|
|||||
| Share-based compensation |
7,886 |
|
7,607 |
|
29,567 |
|
|
45,060 |
|
||||||
| Impairment loss |
— |
|
2,278 |
|
31 |
|
— |
|
2,309 |
|
|||||
| Non-operating (gains)/losses |
(35,425) |
|
(128) |
|
(5,464) |
|
— |
|
(41,017) |
|
|||||
| Efficiency investments |
(2,286) |
|
1,460 |
|
26,211 |
|
— |
|
25,385 |
|
|||||
| Transaction costs |
300 |
|
905 |
|
1,533 |
|
— |
|
2,738 |
|
|||||
| Unsolicited Proposal Related Costs |
— |
— |
$ |
53,846 |
|
— |
53,846 |
|
|||||||
| Adjusted EBITDA |
$ |
195,740 |
|
$ |
492,065 |
|
$ |
(49,429) |
|
$ |
— |
|
$ |
638,376 |
|
|
|
For the Year Ended December 31, 2019 |
||||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||
| Net income/(loss) from continuing operations |
$ |
47,759 |
|
$ |
194,454 |
|
$ |
(208,443) |
|
$ |
— |
|
$ |
33,770 |
|
| Income taxes |
— |
|
— |
|
(1,622) |
|
— |
|
(1,622) |
|
|||||
| Depreciation and amortization |
94,862 |
|
51,337 |
|
28,901 |
|
— |
|
175,100 |
|
|||||
| Interest expense, net |
37 |
|
269 |
|
75,851 |
|
— |
|
76,157 |
|
|||||
| Share-based compensation |
6,309 |
|
6,079 |
|
22,783 |
|
— |
|
35,171 |
|
|||||
| Impairment loss |
— |
|
47,834 |
|
— |
|
— |
|
47,834 |
|
|||||
| Non-operating gains |
6,725 |
|
6,279 |
|
13,738 |
|
— |
|
26,742 |
|
|||||
| Efficiency investments |
3,471 |
|
6,484 |
|
29,562 |
|
— |
|
39,517 |
|
|||||
| Transaction costs |
6,448 |
|
359 |
|
392 |
|
— |
|
7,199 |
|
|||||
| Amortization of acquired intangibles included in equity in earnings of affiliates |
307 |
|
— |
|
— |
|
— |
|
307 |
|
|||||
| Adjusted EBITDA |
$ |
165,918 |
|
$ |
313,095 |
|
$ |
(38,838) |
|
$ |
— |
|
$ |
440,175 |
|
CoreLogic, Inc.
