CORELOGIC, INC. | |||||||||||||||
RECONCILIATION OF ADJUSTED EBITDA | |||||||||||||||
UNAUDITED | |||||||||||||||
| |||||||||||||||
|
For the Three Months Ended June 30, 2015 | ||||||||||||||
(in thousands) |
D&A |
TPS |
Corporate |
Elim |
CoreLogic | ||||||||||
Income/(loss) from continuing operations before equity in earnings of affiliates and income taxes |
$ |
24,784 |
|
$ |
57,031 |
|
$ |
(39,062) |
|
$ |
— |
|
$ |
42,753 |
|
Pre-tax equity in (loss)/earnings of affiliates |
(383) |
|
8,068 |
|
79 |
|
— |
|
7,764 |
| |||||
Depreciation & amortization |
25,823 |
|
6,545 |
|
4,904 |
|
— |
|
37,272 |
| |||||
Total interest expense |
17 |
|
83 |
|
16,498 |
|
— |
|
16,598 |
| |||||
Stock-based compensation |
2,802 |
|
1,323 |
|
5,682 |
|
— |
|
9,807 |
| |||||
Non-operating investment loss |
— |
|
— |
|
1,590 |
|
— |
|
1,590 |
| |||||
Efficiency investments |
— |
|
— |
|
350 |
|
— |
|
350 |
| |||||
Transaction costs |
1,440 |
|
— |
|
258 |
|
— |
|
1,698 |
| |||||
Adjusted EBITDA |
$ |
54,483 |
|
$ |
73,050 |
|
$ |
(9,701) |
|
$ |
— |
|
$ |
117,832 |
|
|
|
|
|
|
| ||||||||||
|
|
|
|
|
| ||||||||||
|
For the Three Months Ended June 30, 2014 | ||||||||||||||
(in thousands) |
D&A |
TPS |
Corporate |
Elim |
CoreLogic | ||||||||||
Income/(loss) from continuing operations before equity in earnings of affiliates and income taxes |
$ |
28,162 |
|
$ |
38,644 |
|
$ |
(35,074) |
|
$ |
— |
|
$ |
31,732 |
|
Pre-tax equity in (loss)/earnings of affiliates |
(202) |
|
6,409 |
|
66 |
|
— |
|
6,273 |
| |||||
Depreciation & amortization |
25,812 |
|
6,615 |
|
2,939 |
|
— |
|
35,366 |
| |||||
Total interest expense |
(21) |
|
73 |
|
16,228 |
|
— |
|
16,280 |
| |||||
Stock-based compensation |
1,691 |
|
1,300 |
|
4,759 |
|
— |
|
7,750 |
| |||||
Impairment loss |
174 |
|
3,900 |
|
— |
|
— |
|
4,074 |
| |||||
Non-operating investment gains |
— |
|
(6,012) |
|
— |
|
— |
|
(6,012) |
| |||||
Efficiency investments |
— |
|
— |
|
694 |
|
— |
|
694 |
| |||||
Transaction costs |
— |
|
— |
|
1,118 |
|
— |
|
1,118 |
| |||||
Adjusted EBITDA |
$ |
55,616 |
|
$ |
50,929 |
|
$ |
(9,270) |
|
$ |
— |
|
$ |
97,275 |
|