CoreLogic Reports First Quarter 2019 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.
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CORELOGIC, INC.
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CONDENSED CONSOLIDATED BALANCE SHEETS
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UNAUDITED
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(in thousands, except par value)
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March 31,
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December 31,
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Assets
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2019
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2018
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Current assets:
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Cash and cash equivalents
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$
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86,828
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$
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85,271
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Accounts receivable (less allowance for doubtful accounts of $6,302
and $5,742 as of March 31, 2019 and December 31, 2018, respectively)
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246,329
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242,814
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Prepaid expenses and other current assets
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49,211
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50,136
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Income tax receivable
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13,971
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25,299
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Total current assets
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396,339
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403,520
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Property and equipment, net
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459,478
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456,497
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Operating lease assets
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64,606
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—
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Goodwill, net
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2,395,765
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2,391,954
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Other intangible assets, net
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452,124
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468,405
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Capitalized data and database costs, net
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324,116
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324,049
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Investment in affiliates, net
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21,867
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22,429
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Other assets
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99,701
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102,136
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Total assets
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$
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4,213,996
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$
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4,168,990
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Liabilities and Equity
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Current liabilities:
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Accounts payable and other accrued expenses
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$
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162,045
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$
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166,258
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Accrued salaries and benefits
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75,861
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84,940
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Contract liabilities, current
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312,322
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308,959
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Current portion of long-term debt
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47,465
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26,935
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Operating lease liabilities, current
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16,709
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—
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Total current liabilities
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614,402
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587,092
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Long-term debt, net of current
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1,709,501
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1,752,241
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Contract liabilities, net of current
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520,845
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524,069
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Deferred income tax liabilities
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125,064
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124,968
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Operating lease liabilities, net of current
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82,851
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—
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Other liabilities
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162,062
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180,122
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Total liabilities
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$
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3,214,725
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$
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3,168,492
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Stockholders' equity:
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Preferred stock, $0.00001 par value; 500 shares authorized, no
shares issued or outstanding
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$
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—
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$
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—
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Common stock, $0.00001 par value; 180,000 shares authorized; 80,633
and 80,092 shares issued and outstanding as of March 31, 2019 and
December 31, 2018, respectively
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1
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1
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Additional paid-in capital
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164,969
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160,870
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Retained earnings
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977,062
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975,375
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Accumulated other comprehensive loss
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(142,761
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)
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(135,748
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)
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Total stockholders' equity
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999,271
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1,000,498
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Total liabilities and equity
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$
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4,213,996
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$
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4,168,990
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