CoreLogic Reports Third Quarter 2013 Financial Results

 

CORELOGIC, INC.

RECONCILIATION OF ADJUSTED DILUTED EPS



For the three months ended September 30, 2013

(in thousands, except per share amounts)

Data & Analytics

Mortgage
Origination
Services

AMPS

Corporate

Elim

CoreLogic

Income from continuing operations before equity in earnings of affiliates and income taxes

$

35,638


$

46,448


$

13,877


$

(27,832)


$


$

68,131

Pretax equity in earnings

456


8,786



15



9,257

Stock-based compensation

(356)


2,009


107


2,118



3,878

Non-operating investment (gains)/losses

(6,637)






(6,637)

Efficiency investments




1,078



1,078

Transaction costs




1,467



1,467

Accelerated depreciation on TTI




2



2

Adjusted pretax income from continuing operations

$

29,101


$

57,243


$

13,984


$

(23,152)


$


$

77,176

Tax provision (40% rate)






30,870

Less: Net income attributable to noncontrolling interests






45

Adjusted net income attributable to CoreLogic






$

46,261

Weighted average diluted common shares outstanding






96,793

Adjusted diluted EPS






$

0.48























For the three months ended September 30, 2012

(in thousands, except per share amounts)

Data & Analytics

Mortgage
Origination Services

AMPS

Corporate

Elim

CoreLogic

Income from continuing operations before equity in earnings of affiliates and income taxes

$

30,798


$

49,885


$

16,792


$

(53,072)


$


$

44,403

Pretax equity in earnings

489


12,851



24



13,364

Stock-based compensation

1,349


1,702


54


4,075



7,180

Non-operating investment (gains)/losses

(2,161)




7,512



5,351

Efficiency investments




2,608



2,608

Accelerated Depreciation on TTI




4,374



4,374

Adjusted pretax income from continuing operations

$

30,475


$

64,438


$

16,846


$

(34,479)


$


$

77,280

Tax provision (40% rate)






30,912

Less: Net income attributable to noncontrolling interests






(50)

Adjusted net income attributable to CoreLogic






$

46,418

Weighted average diluted common shares outstanding






103,113

Adjusted diluted EPS






$

0.45


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