|
CORELOGIC, INC. | |||||||
|
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
|
UNAUDITED | |||||||
|
| |||||||
|
(in thousands, except par value) |
September 30, |
|
December 31, | ||||
|
Assets |
2013 |
|
2012 | ||||
|
Current assets: |
|
|
| ||||
|
Cash and cash equivalents |
$ |
135,557 |
|
|
$ |
148,858 |
|
|
Marketable securities |
21,885 |
|
|
22,168 |
| ||
|
Accounts receivable (less allowance for doubtful accounts of $15,141 and $21,643 as of September 30, 2013 and December 31, 2012, respectively) |
270,000 |
|
|
255,148 |
| ||
|
Prepaid expenses and other current assets |
53,022 |
|
|
50,036 |
| ||
|
Income tax receivable |
— |
|
|
14,084 |
| ||
|
Deferred income tax assets, current |
99,577 |
|
|
98,836 |
| ||
|
Assets of discontinued operations |
791 |
|
|
794 |
| ||
|
Total current assets |
580,832 |
|
|
589,924 |
| ||
|
Property and equipment, net |
193,975 |
|
|
186,617 |
| ||
|
Goodwill, net |
1,534,966 |
|
|
1,504,232 |
| ||
|
Other intangible assets, net |
183,979 |
|
|
171,584 |
| ||
|
Capitalized data and database costs, net |
327,843 |
|
|
322,289 |
| ||
|
Investment in affiliates, net |
96,764 |
|
|
94,227 |
| ||
|
Restricted cash |
16,390 |
|
|
22,117 |
| ||
|
Other assets |
149,949 |
|
|
138,837 |
| ||
|
Total assets |
$ |
3,084,698 |
|
|
$ |
3,029,827 |
|
|
Liabilities and Equity |
|
|
| ||||
|
Current liabilities: |
|
|
| ||||
|
Accounts payable and accrued expenses |
$ |
183,203 |
|
|
$ |
157,190 |
|
|
Accrued salaries and benefits |
87,273 |
|
|
114,165 |
| ||
|
Income taxes payable |
20,796 |
|
|
— |
| ||
|
Deferred revenue, current |
219,464 |
|
|
242,282 |
| ||
|
Current portion of long-term debt |
6,095 |
|
|
102 |
| ||
|
Liabilities of discontinued operations |
4,148 |
|
|
3,352 |
| ||
|
Total current liabilities |
520,979 |
|
|
517,091 |
| ||
|
Long-term debt, net of current |
783,280 |
|
|
792,324 |
| ||
|
Deferred revenue, net of current |
376,255 |
|
|
309,418 |
| ||
|
Deferred income tax liabilities, long term |
83,928 |
|
|
71,361 |
| ||
|
Other liabilities |
158,300 |
|
|
168,687 |
| ||
|
Total liabilities |
1,922,742 |
|
|
1,858,881 |
| ||
|
|
|
|
| ||||
|
Redeemable noncontrolling interests |
10,987 |
|
|
— |
| ||
|
|
|
|
| ||||
|
Equity: |
|
|
| ||||
|
CoreLogic stockholders' equity: |
|
|
| ||||
|
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding |
— |
|
|
— |
| ||
|
Common stock, $0.00001 par value; 180,000 shares authorized; 93,717 and 97,698 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively |
1 |
|
|
1 |
| ||
|
Additional paid-in capital |
758,734 |
|
|
866,720 |
| ||
|
Retained earnings |
438,875 |
|
|
318,094 |
| ||
|
Accumulated other comprehensive loss |
(46,641) |
|
|
(15,514) |
| ||
|
Total CoreLogic stockholders' equity |
1,150,969 |
|
|
1,169,301 |
| ||
|
Noncontrolling interests |
— |
|
|
1,645 |
| ||
|
Total equity |
1,150,969 |
|
|
1,170,946 |
| ||
|
Total liabilities and equity |
$ |
3,084,698 |
|
|
$ |
3,029,827 |
|
|
| |||||||
|
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. | |||||||
