CORELOGIC, INC. | |||||||||||||||
RECONCILIATION OF ADJUSTED DILUTED EPS | |||||||||||||||
UNAUDITED | |||||||||||||||
| |||||||||||||||
|
For the Three Months Ended June 30, 2015 | ||||||||||||||
(in thousands, except per share amounts) |
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 |
| |||||
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 |
| |||||
Amortization of acquired intangibles |
6,893 |
|
2,822 |
|
— |
|
— |
|
9,715 |
| |||||
Interest expense adjustments |
— |
|
— |
|
444 |
|
— |
|
444 |
| |||||
Depreciation of certain acquired proprietary technology included in property and equipment |
2,880 |
|
— |
|
— |
|
— |
|
2,880 |
| |||||
Adjusted pretax income from continuing operations |
$ |
38,416 |
|
$ |
69,244 |
|
$ |
(30,659) |
|
$ |
— |
|
$ |
77,001 |
|
Tax provision (35% rate) |
|
|
|
|
26,950 |
| |||||||||
Less: Net income attributable to noncontrolling interests |
|
|
|
|
258 |
| |||||||||
Adjusted net income attributable to CoreLogic |
|
|
|
|
$ |
49,793 |
| ||||||||
Weighted average diluted common shares outstanding |
|
|
|
|
90,963 |
| |||||||||
Adjusted diluted EPS |
|
|
|
|
$ |
0.55 |
| ||||||||
|
|
|
|
|
| ||||||||||
|
|
|
|
|
| ||||||||||
|
For the Three Months Ended June 30, 2014 | ||||||||||||||
(in thousands, except per share amounts) |
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 |
| |||||
Stock-based compensation |
1,691 |
|
1,300 |
|
4,759 |
|
— |
|
7,750 |
| |||||
Non-operating investment gains |
— |
|
(6,012) |
|
— |
|
— |
|
(6,012) |
| |||||
Efficiency investments |
— |
|
— |
|
694 |
|
— |
|
694 |
| |||||
Impairment loss |
174 |
|
3,900 |
|
— |
|
— |
|
4,074 |
| |||||
Transaction costs |
— |
|
— |
|
1,118 |
|
— |
|
1,118 |
| |||||
Amortization of acquired intangibles |
7,308 |
|
2,671 |
|
— |
|
— |
|
9,979 |
| |||||
Depreciation of certain acquired proprietary technology included in property and equipment |
2,635 |
|
— |
|
— |
|
— |
|
2,635 |
| |||||
Adjusted pretax income from continuing operations |
$ |
39,768 |
|
$ |
46,912 |
|
$ |
(28,437) |
|
$ |
— |
|
$ |
58,243 |
|
Tax provision (38% rate) |
|
|
|
|
22,132 |
| |||||||||
Less: Net loss attributable to noncontrolling interests |
|
|
|
|
230 |
| |||||||||
Adjusted net income attributable to CoreLogic |
|
|
|
|
$ |
35,881 |
| ||||||||
Weighted average diluted common shares outstanding |
|
|
|
|
93,062 |
| |||||||||
Adjusted diluted EPS |
|
|
|
|
$ |
0.39 |
| ||||||||
| |||||||||||||||
| |||||||||||||||
| |||||||||||||||
CORELOGIC, INC. | |||||||||||||||
RECONCILIATION TO FREE CASH FLOW | |||||||||||||||
UNAUDITED | |||||||||||||||
| |||||||||||||||
|
|
For the Twelve Months Ended June 30, 2015 | |||||||||||||
Net cash provided by operating activities - continuing operations |
|
$ |
340,617 |
| |||||||||||
Purchases of property and equipment |
|
(47,225) |
| ||||||||||||
Purchases of capitalized data and other intangible assets |
|
(37,303) |
| ||||||||||||
Free Cash Flow |
|
$ |
256,089 |
|