CoreLogic, Inc. Reconciliation of Adjusted EBITDA (Unaudited) |
|||||||||||||||||||
|
For the Three Months Ended September 30, 2019 |
||||||||||||||||||
(in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||||||
Net income/(loss) from continuing operations |
$ |
27,197 |
|
$ |
74,803 |
|
$ |
(61,455 |
) |
$ |
— |
$ |
40,545 |
|
|||||
Income taxes |
— |
|
— |
|
14,683 |
|
— |
14,683 |
|
||||||||||
Depreciation and amortization |
25,015 |
|
13,012 |
|
7,690 |
|
— |
45,717 |
|
||||||||||
Interest (income)/expense, net |
(61 |
) |
61 |
|
19,503 |
|
— |
19,503 |
|
||||||||||
Share-based compensation |
1,647 |
|
1,769 |
|
5,692 |
|
— |
9,108 |
|
||||||||||
Non-operating (gains)/losses |
(2,954 |
) |
3,044 |
|
(1,327 |
) |
— |
(1,237 |
) |
||||||||||
Efficiency investments and other |
231 |
|
304 |
|
5,827 |
|
— |
6,362 |
|
||||||||||
| Transaction costs |
1,606 |
|
— |
|
138 |
|
— |
1,744 |
|
||||||||||
| Impairment Loss |
— |
|
78 |
|
— |
|
— |
78 |
|
||||||||||
| Amortization of acquired intangibles included in equity in earnings of affiliates |
77 |
|
— |
|
— |
|
— |
77 |
|
||||||||||
| Adjusted EBITDA |
$ |
52,758 |
|
$ |
93,071 |
|
$ |
(9,249 |
) |
$ |
— |
$ |
136,580 |
|
|||||
|
|
For the Three Months Ended September 30, 2018 |
||||||||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
||||||||||||||
| Net income/(loss) from continuing operations |
$ |
24,242 |
|
$ |
61,621 |
|
$ |
(63,328 |
) |
$ |
— |
$ |
22,535 |
|
|||||
| Income taxes |
— |
|
— |
|
20,784 |
|
— |
20,784 |
|
||||||||||
| Depreciation and amortization |
26,143 |
|
16,402 |
|
5,916 |
|
— |
48,461 |
|
||||||||||
| Interest expense, net |
152 |
|
73 |
|
18,858 |
|
— |
19,083 |
|
||||||||||
| Share-based compensation |
1,588 |
|
1,896 |
|
6,291 |
|
— |
9,775 |
|
||||||||||
| Impairment loss |
33 |
|
— |
|
— |
|
— |
33 |
|
||||||||||
| Non-operating (gains)/losses |
(1,685 |
) |
— |
|
331 |
|
— |
(1,354 |
) |
||||||||||
| Efficiency investments and other |
1,435 |
|
— |
|
5,168 |
|
— |
6,603 |
|
||||||||||
| Transaction costs |
1,922 |
|
— |
|
211 |
|
— |
2,133 |
|
||||||||||
| Amortization of acquired intangibles included in equity in losses of affiliates |
233 |
|
— |
|
— |
|
— |
233 |
|
||||||||||
| Adjusted EBITDA |
$ |
54,063 |
|
$ |
79,992 |
|
$ |
(5,769 |
) |
$ |
— |
$ |
128,286 |
|
|||||
| CoreLogic, Inc. Reconciliation of Adjusted EPS (Unaudited) |
|||||||
|
|
For the Three Months Ended September 30, |
||||||
| (Diluted income per share) |
2019 |
|
2018 |
||||
| Net income from continuing operations |
$ |
0.50 |
|
|
$ |
0.27 |
|
| Share-based compensation |
0.11 |
|
|
0.12 |
|
||
| Non-operating gains |
(0.02 |
) |
|
(0.02 |
) |
||
| Efficiency investments and other |
0.08 |
|
|
0.08 |
|
||
| Transaction costs |
0.02 |
|
|
0.03 |
|
||
| Depreciation and amortization of acquired software and intangibles |
0.21 |
|
|
0.24 |
|
||
| Income tax effect on adjustments |
(0.08 |
) |
|
— |
|
||
| Adjusted EPS |
$ |
0.82 |
|
|
$ |
0.72 |
|
| CoreLogic, Inc. Reconciliation to Free Cash Flow (Unaudited) |
||||
| (in thousands) |
|
For the Twelve Months Ended September 30, 2019 |
||
| Net cash provided by operating activities - continuing operations |
|
$ |
351,054 |
|
| Purchases of property and equipment |
|
(84,480 |
) |
|
| Purchases of capitalized data and other intangible assets |
|
(39,505 |
) |
|
| Free cash flow |
|
$ |
227,069 |
|
