CoreLogic Reports Second Quarter 2015 Financial Results

 

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



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