CORELOGIC, INC. RECONCILIATION OF ADJUSTED EBITDA UNAUDITED |
|||||||||||||||||
|
|||||||||||||||||
For the Three Months Ended March 31, 2018 | |||||||||||||||||
(in thousands) | PIRM | UWS | Corporate | Elim | CoreLogic | ||||||||||||
Net income/(loss) from continuing operations | $ | 20,671 | $ | 47,754 | $ | (40,063 | ) | $ | — | $ | 28,362 | ||||||
Income taxes | — | — | (633 | ) | — | (633 | ) | ||||||||||
Depreciation and amortization | 25,735 | 14,964 | 5,441 | — | 46,140 | ||||||||||||
Interest expense, net | 279 | 75 | 16,808 | — | 17,162 | ||||||||||||
Share-based compensation | 1,086 | 2,340 | 5,251 | — | 8,677 | ||||||||||||
Non-operating losses | 500 | — | 446 | — | 946 | ||||||||||||
Efficiency investments | — | — | 499 | — | 499 | ||||||||||||
Transaction costs | 1,215 | — | 826 | — | 2,041 | ||||||||||||
Amortization of acquired intangibles included in equity in earnings of affiliates | 233 | — | — | — | 233 | ||||||||||||
Adjusted EBITDA | $ | 49,719 | $ | 65,133 | $ | (11,425 | ) | $ | — | $ | 103,427 | ||||||
For the Three Months Ended March 31, 2017 | |||||||||||||||||
(in thousands) | PIRM | UWS | Corporate | Elim | CoreLogic | ||||||||||||
Net income/(loss) from continuing operations | $ | 14,761 | $ | 36,193 | $ | (38,246 | ) | $ | — | $ | 12,708 | ||||||
Income taxes | — | — | 5,826 | — | 5,826 | ||||||||||||
Depreciation and amortization | 24,860 | 13,802 | 4,810 | — | 43,472 | ||||||||||||
Interest expense, net | 519 | 383 | 12,891 | — | 13,793 | ||||||||||||
Share-based compensation | 1,418 | 1,075 | 9,674 | — | 12,167 | ||||||||||||
Non-operating (gains)/losses | — | 362 | (1,358 | ) | — | (996 | ) | ||||||||||
Efficiency investments | — | 2,220 | 346 | — | 2,566 | ||||||||||||
Transaction costs | — | — | 258 | — | 258 | ||||||||||||
Amortization of acquired intangibles included in equity in losses of affiliates | 156 | — | — | — | 156 | ||||||||||||
Adjusted EBITDA | $ | 41,714 | $ | 54,035 | $ | (5,799 | ) | $ | — | $ | 89,950 | ||||||
CORELOGIC, INC. RECONCILIATION OF ADJUSTED EPS UNAUDITED |
|||||||||
For the Three Months Ended March 31, | |||||||||
(diluted income per share) | 2018 | 2017 | |||||||
Net income from continuing operations | $ | 0.34 | $ | 0.15 | |||||
Share-based compensation | 0.10 | 0.14 | |||||||
Non-operating losses/(gains) | 0.01 | (0.01 | ) | ||||||
Efficiency investments | 0.01 | 0.03 | |||||||
Transaction costs | 0.02 | — | |||||||
Depreciation and amortization of acquired software and intangibles | 0.22 | 0.20 | |||||||
Income tax effect on adjustments | (0.18 | ) | (0.14 | ) | |||||
Adjusted EPS | $ | 0.52 | $ | 0.37 | |||||
CORELOGIC, INC. RECONCILIATION TO FREE CASH FLOW UNAUDITED |
|||||
(in thousands) |
For the Twelve Months Ended
|
||||
Net cash provided by operating activities - continuing operations | $ | 384,479 | |||
Purchases of property and equipment | (41,777 | ) | |||
Purchases of capitalized data and other intangible assets | (36,093 | ) | |||
Free Cash Flow | $ | 306,609 | |||