CoreLogic Reports Second Quarter 2017 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. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED

(in thousands, except par value)	June 30,			December 31,
Assets	2017			2016
Current assets:
Cash and cash equivalents	$	89,422		$	72,031
Accounts receivable (less allowance for doubtful accounts of $7,913 and $8,857 as of June 30, 2017 and December 31, 2016, respectively)	270,636			269,229
Prepaid expenses and other current assets	51,849			43,060
Income tax receivable	20,971			6,905
Assets of discontinued operations	806			662
Total current assets	433,684			391,887
Property and equipment, net	433,393			449,199
Goodwill, net	2,112,692			2,107,255
Other intangible assets, net	453,171			478,913
Capitalized data and database costs, net	331,803			327,921
Investment in affiliates, net	103,460			40,809
Deferred income tax assets, long-term	1,382			1,516
Restricted cash	17,435			17,943
Other assets	90,084			92,091
Total assets	$	3,977,104		$	3,907,534
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses	$	144,902		$	168,284
Accrued salaries and benefits	61,453			107,234
Deferred revenue, current	298,138			284,622
Current portion of long-term debt	140,018			105,158
Liabilities of discontinued operations	1,982			3,123
Total current liabilities	646,493			668,421
Long-term debt, net of current	1,501,048			1,496,889
Deferred revenue, net of current	498,292			487,134
Deferred income tax liabilities, long term	123,106			120,063
Other liabilities	157,522			132,043
Total liabilities	2,926,461			2,904,550

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; 84,303 and 84,368 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively	1			1
Additional paid-in capital	371,525			400,452
Retained earnings	781,647			724,949
Accumulated other comprehensive loss	(102,530		)	(122,418		)
Total stockholders' equity	1,050,643			1,002,984
Total liabilities and equity	$	3,977,104		$	3,907,534

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