CoreLogic Reports Third Quarter 2018 Financial Results
Please refer to the full Form 10-Q filing for the complete financial
statements and related notes that are an integral part of the financial
statements.
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CORELOGIC, INC.
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CONDENSED CONSOLIDATED BALANCE SHEETS
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UNAUDITED
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(in thousands, except par value)
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September 30,
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December 31,
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Assets
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2018
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2017
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Current assets:
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Cash and cash equivalents
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$
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97,884
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$
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118,804
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Accounts receivable (less allowance for doubtful accounts of $6,936
and $8,229 as of September 30, 2018 and December 31, 2017,
respectively)
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254,263
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256,595
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Prepaid expenses and other current assets
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53,515
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47,220
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Income tax receivable
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8,984
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7,649
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Total current assets
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414,646
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430,268
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Property and equipment, net
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453,431
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447,659
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Goodwill, net
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2,312,297
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2,250,599
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Other intangible assets, net
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475,037
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475,613
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Capitalized data and database costs, net
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324,779
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329,403
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Investment in affiliates, net
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42,090
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38,989
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Other assets
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119,380
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104,882
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Total assets
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$
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4,141,660
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$
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4,077,413
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Liabilities and Equity
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Current liabilities:
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Accounts payable and other accrued expenses
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$
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157,580
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$
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145,655
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Accrued salaries and benefits
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79,171
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93,717
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Contract liabilities, current
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308,659
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303,948
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Current portion of long-term debt
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27,068
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70,046
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Total current liabilities
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572,478
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613,366
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Long-term debt, net of current
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1,737,855
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1,683,524
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Contract liabilities, net of current
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520,544
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504,900
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Deferred income tax liabilities
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109,356
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102,571
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Other liabilities
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171,311
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165,176
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Total liabilities
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3,111,544
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3,069,537
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Stockholders' equity:
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Preferred stock, $0.00001 par value; 500 shares authorized, no
shares issued or outstanding
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—
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—
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Common stock, $0.00001 par value; 180,000 shares authorized; 80,562
and 80,885 shares issued and outstanding as of September 30, 2018
and December 31, 2017, respectively
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1
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1
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Additional paid-in capital
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173,963
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224,455
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Retained earnings
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962,765
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877,111
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Accumulated other comprehensive loss
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(106,613
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(93,691
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Total stockholders' equity
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1,030,116
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1,007,876
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Total liabilities and equity
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$
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4,141,660
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$
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4,077,413
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