CORELOGIC, INC. CONSOLIDATED BALANCE SHEETS UNAUDITED | |||||||
| |||||||
(in thousands, except par value) |
December 31, |
|
December 31, | ||||
Assets |
2013 |
|
2012 | ||||
Current assets: |
|
|
| ||||
Cash and cash equivalents |
$ |
134,741 |
|
|
$ |
151,986 |
|
Marketable securities |
22,220 |
|
|
22,168 |
| ||
Accounts receivable (less allowance for doubtful accounts of $12,930 and $19,903 in 2013 and 2012, respectively) |
196,282 |
|
|
209,143 |
| ||
Prepaid expenses and other current assets |
50,674 |
|
|
48,781 |
| ||
Income tax receivable |
13,516 |
|
|
14,084 |
| ||
Deferred income tax assets, current |
86,158 |
|
|
104,113 |
| ||
Assets of discontinued operations |
134,330 |
|
|
201,270 |
| ||
Total current assets |
637,921 |
|
|
751,545 |
| ||
Property and equipment, net |
195,645 |
|
|
181,197 |
| ||
Goodwill, net |
1,390,674 |
|
|
1,354,823 |
| ||
Other intangible assets, net |
175,808 |
|
|
171,034 |
| ||
Capitalized data and database costs, net |
330,188 |
|
|
322,289 |
| ||
Investment in affiliates, net |
95,343 |
|
|
94,227 |
| ||
Restricted cash |
12,050 |
|
|
22,118 |
| ||
Other assets |
162,033 |
|
|
137,870 |
| ||
Total assets |
$ |
2,999,662 |
|
|
$ |
3,035,103 |
|
Liabilities and Equity |
|
|
| ||||
Current liabilities: |
|
|
| ||||
Accounts payable and accrued expenses |
$ |
154,526 |
|
|
$ |
147,482 |
|
Accrued salaries and benefits |
101,715 |
|
|
108,369 |
| ||
Deferred revenue, current |
223,323 |
|
|
242,229 |
| ||
Current portion of long-term debt |
28,154 |
|
|
102 |
| ||
Liabilities of discontinued operations |
26,616 |
|
|
29,659 |
| ||
Total current liabilities |
534,334 |
|
|
527,841 |
| ||
Long-term debt, net of current |
811,776 |
|
|
792,324 |
| ||
Deferred revenue, net of current |
377,086 |
|
|
309,418 |
| ||
Deferred income tax liabilities, long-term |
74,308 |
|
|
71,361 |
| ||
Other liabilities |
147,583 |
|
|
163,213 |
| ||
Total liabilities |
1,945,087 |
|
|
1,864,157 |
| ||
|
|
|
| ||||
Redeemable noncontrolling interests |
10,202 |
|
|
|
| ||
|
|
|
| ||||
Equity: |
|
|
| ||||
CoreLogic, Inc.'s ("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; 91,254 and 97,698 shares issued and outstanding as of December 31, 2013 and 2012, respectively |
1 |
|
|
1 |
| ||
Additional paid-in capital |
672,165 |
|
|
866,720 |
| ||
Retained earnings |
425,796 |
|
|
318,094 |
| ||
Accumulated other comprehensive loss |
(53,589) |
|
|
(15,514) |
| ||
Total CoreLogic stockholders' equity |
1,044,373 |
|
|
1,169,301 |
| ||
Noncontrolling interests |
|
|
|
1,645 |
| ||
Total equity |
1,044,373 |
|
|
1,170,946 |
| ||
Total liabilities and equity |
$ |
2,999,662 |
|
|
$ |
3,035,103 |
|