CoreLogic Reports Third Quarter 2019 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.

 

CoreLogic, Inc.

Reconciliation of Adjusted EBITDA

(Unaudited)

 

 

For the Three Months Ended September 30, 2019

(in thousands)

PIRM

UWS

CORP

ELIM

CoreLogic

Net income/(loss) from continuing operations

$

27,197

 

$

74,803

 

$

(61,455

)

$

$

40,545

 

Income taxes

 

 

14,683

 

14,683

 

Depreciation and amortization

25,015

 

13,012

 

7,690

 

45,717

 

Interest (income)/expense, net

(61

)

61

 

19,503

 

19,503

 

Share-based compensation

1,647

 

1,769

 

5,692

 

9,108

 

Non-operating (gains)/losses

(2,954

)

3,044

 

(1,327

)

(1,237

)

Efficiency investments and other

231

 

304

 

5,827

 

6,362

 

Transaction costs

1,606

 

 

138

 

1,744

 

Impairment Loss

 

78

 

 

78

 

Amortization of acquired intangibles included in equity in earnings of affiliates

77

 

 

 

77

 

Adjusted EBITDA

$

52,758

 

$

93,071

 

$

(9,249

)

$

$

136,580

 

 

 

For the Three Months Ended September 30, 2018

(in thousands)

PIRM

UWS

CORP

ELIM

CoreLogic

Net income/(loss) from continuing operations

$

24,242

 

$

61,621

 

$

(63,328

)

$

$

22,535

 

Income taxes

 

 

20,784

 

20,784

 

Depreciation and amortization

26,143

 

16,402

 

5,916

 

48,461

 

Interest expense, net

152

 

73

 

18,858

 

19,083

 

Share-based compensation

1,588

 

1,896

 

6,291

 

9,775

 

Impairment loss

33

 

 

 

33

 

Non-operating (gains)/losses

(1,685

)

 

331

 

(1,354

)

Efficiency investments and other

1,435

 

 

5,168

 

6,603

 

Transaction costs

1,922

 

 

211

 

2,133

 

Amortization of acquired intangibles included in equity in losses of affiliates

233

 

 

 

233

 

Adjusted EBITDA

$

54,063

 

$

79,992

 

$

(5,769

)

$

$

128,286

 

 

CoreLogic, Inc.

Reconciliation of Adjusted EPS

(Unaudited)

 

 

For the Three Months Ended September 30,

(Diluted income per share)

2019

 

2018

Net income from continuing operations

$

0.50

 

 

$

0.27

 

Share-based compensation

0.11

 

 

0.12

 

Non-operating gains

(0.02

)

 

(0.02

)

Efficiency investments and other

0.08

 

 

0.08

 

Transaction costs

0.02

 

 

0.03

 

Depreciation and amortization of acquired software and intangibles

0.21

 

 

0.24

 

Income tax effect on adjustments

(0.08

)

 

 

Adjusted EPS

$

0.82

 

 

$

0.72

 

 

CoreLogic, Inc.

Reconciliation to Free Cash Flow

(Unaudited)

 

(in thousands)

 

For the Twelve Months Ended September 30, 2019

Net cash provided by operating activities - continuing operations

 

$

351,054

 

Purchases of property and equipment

 

(84,480

)

Purchases of capitalized data and other intangible assets

 

(39,505

)

Free cash flow

 

$

227,069

 


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