|
CORELOGIC, INC. |
|||||||||||||||||||||||||
|
RECONCILIATION OF ADJUSTED EBITDA |
|||||||||||||||||||||||||
|
UNAUDITED |
|||||||||||||||||||||||||
| For the Three Months Ended June 30, 2018 | |||||||||||||||||||||||||
| (in thousands) | PIRM | UWS | Corporate | Elim | CoreLogic | ||||||||||||||||||||
| Net income/(loss) from continuing operations | $ | 32,295 | $ | 85,868 | $ | (59,631 | ) | $ | — | $ | 58,532 | ||||||||||||||
| Income taxes | — | — | 18,250 | — | 18,250 | ||||||||||||||||||||
| Depreciation and amortization | 25,512 | 16,483 | 5,401 | — | 47,396 | ||||||||||||||||||||
| Interest expense, net | 219 | 79 | 18,465 | — | 18,763 | ||||||||||||||||||||
| Share-based compensation | 1,751 | 2,052 | 7,319 | — | 11,122 | ||||||||||||||||||||
| Non-operating gains | (2,700 | ) | — | (72 | ) | — | (2,772 | ) | |||||||||||||||||
| Efficiency investments | 521 | — | 4,224 | — | 4,745 | ||||||||||||||||||||
| Transaction costs | 1,747 | — | 827 | — | 2,574 | ||||||||||||||||||||
| Amortization of acquired intangibles included in equity in earnings of affiliates | 233 | — | — | — | 233 | ||||||||||||||||||||
| Adjusted EBITDA | $ | 59,578 | $ | 104,482 | $ | (5,217 | ) | $ | — | $ | 158,843 | ||||||||||||||
| For the Three Months Ended June 30, 2017 | ||||||||||||||||||||||||
| (in thousands) | PIRM | UWS | Corporate | Elim | CoreLogic | |||||||||||||||||||
| Net income/(loss) from continuing operations | $ | 31,470 | $ | 60,470 | $ | (50,758 | ) | $ | — | $ | 41,182 | |||||||||||||
| Income taxes | — | — | 18,461 | — | 18,461 | |||||||||||||||||||
| Depreciation and amortization | 24,132 | 13,605 | 5,134 | — | 42,871 | |||||||||||||||||||
| Interest expense, net | 463 | 392 | 13,088 | — | 13,943 | |||||||||||||||||||
| Share-based compensation | 1,413 | 2,264 | 5,095 | — | 8,772 | |||||||||||||||||||
| Non-operating losses | 679 | 6,304 | 1,020 | — | 8,003 | |||||||||||||||||||
| Efficiency investments | — | 181 | — | 181 | ||||||||||||||||||||
| Transaction costs | — | — | 1,177 | — | 1,177 | |||||||||||||||||||
| Amortization of acquired intangibles included in equity in losses of affiliates | 157 | 87 | — | — | 244 | |||||||||||||||||||
| Adjusted EBITDA | $ | 58,314 | $ | 83,122 | $ | (6,602 | ) | $ | — | $ | 134,834 | |||||||||||||
|
CORELOGIC, INC. |
||||||||||
|
RECONCILIATION OF ADJUSTED EPS |
||||||||||
|
UNAUDITED |
||||||||||
| For the Three Months Ended June 30, | ||||||||||
| (diluted income per share) | 2018 | 2017 | ||||||||
| Net income from continuing operations | $ | 0.71 | $ | 0.48 | ||||||
| Share-based compensation | 0.13 | 0.10 | ||||||||
| Non-operating (gains)/losses | (0.03 | ) | 0.09 | |||||||
| Efficiency investments | 0.06 | — | ||||||||
| Transaction costs | 0.03 | 0.01 | ||||||||
| Depreciation and amortization of acquired software and intangibles | 0.23 | 0.19 | ||||||||
| Income tax effect on adjustments | (0.13 | ) | (0.15 | ) | ||||||
| Adjusted EPS | $ | 1.00 | $ | 0.72 | ||||||
|
CORELOGIC, INC. |
|||||
|
RECONCILIATION TO FREE CASH FLOW |
|||||
|
UNAUDITED |
|||||
| (in thousands) |
For the Twelve Months
|
||||
| Net cash provided by operating activities - continuing operations | $ | 391,897 | |||
| Purchases of property and equipment | (41,649 | ) | |||
| Purchases of capitalized data and other intangible assets | (36,377 | ) | |||
| Free Cash Flow | $ | 313,871 | |||
