CORELOGIC, INC. RECONCILIATION OF ADJUSTED EBITDA UNAUDITED
|
||||||||||||||
|
For the Three Months Ended June 30, 2019 |
|||||||||||||
(in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
|||||||||
Net income/(loss) from continuing operations |
$ |
19,272 |
|
$ |
20,377 |
|
$ |
(45,173 |
) |
$ |
— |
$ |
(5,524 |
) |
Income taxes |
— |
|
— |
|
(14,928 |
) |
— |
(14,928 |
) |
|||||
Depreciation and amortization |
26,113 |
|
13,757 |
|
7,236 |
|
— |
47,106 |
|
|||||
Interest (income)/expense, net |
(61 |
) |
60 |
|
19,182 |
|
— |
19,181 |
|
|||||
Share-based compensation |
1,538 |
|
1,634 |
|
4,691 |
|
— |
7,863 |
|
|||||
Non-operating losses/(gains) |
4,215 |
|
(194 |
) |
13,833 |
|
— |
17,854 |
|
|||||
Efficiency investments and other |
621 |
|
5,424 |
|
6,518 |
|
— |
12,563 |
|
|||||
Transaction costs |
1,675 |
|
— |
|
194 |
|
— |
1,869 |
|
|||||
Impairment Loss |
— |
|
47,834 |
|
— |
|
— |
47,834 |
|
|||||
Amortization of acquired intangibles included in equity in earnings of affiliates |
77 |
|
— |
|
— |
|
— |
77 |
|
|||||
| Adjusted EBITDA |
$ |
53,450 |
|
$ |
88,892 |
|
$ |
(8,447 |
) |
$ |
— |
$ |
133,895 |
|
|
|
For the Three Months Ended June 30, 2018 |
|||||||||||||
| (in thousands) |
PIRM |
UWS |
CORP |
ELIM |
CoreLogic |
|||||||||
| Net income/(loss) from continuing operations |
$ |
32,295 |
|
$ |
85,868 |
|
$ |
(59,631 |
) |
$ |
— |
$ |
58,532 |
|
| Income taxes |
— |
|
— |
|
18,250 |
|
— |
18,250 |
|
|||||
| Depreciation and amortization |
25,463 |
|
16,483 |
|
5,401 |
|
— |
47,347 |
|
|||||
| Interest expense, net |
219 |
|
79 |
|
18,465 |
|
— |
18,763 |
|
|||||
| Share-based compensation |
1,751 |
|
2,052 |
|
7,319 |
|
— |
11,122 |
|
|||||
| Impairment loss |
49 |
|
— |
|
— |
|
— |
49 |
|
|||||
| Non-operating gains |
(2,700 |
) |
— |
|
(72 |
) |
— |
(2,772 |
) |
|||||
| Efficiency investments and other |
521 |
|
— |
|
4,224 |
|
— |
4,745 |
|
|||||
| Transaction costs |
1,747 |
|
— |
|
827 |
|
— |
2,574 |
|
|||||
| Amortization of acquired intangibles included in equity in earnings of affiliates |
233 |
|
— |
|
— |
|
— |
233 |
|
|||||
| Adjusted EBITDA |
$ |
59,578 |
|
$ |
104,482 |
|
$ |
(5,217 |
) |
$ |
— |
$ |
158,843 |
|
| CORELOGIC, INC. RECONCILIATION OF ADJUSTED EPS UNAUDITED |
||||||
|
|
For the Three Months Ended June 30, |
|||||
| (Diluted income per share) |
2019 |
2018 |
||||
| Net (loss)/income from continuing operations |
$ |
(0.07 |
) |
$ |
0.71 |
|
| Share-based compensation |
0.10 |
|
0.13 |
|
||
| Non-operating losses/(gains) |
0.22 |
|
(0.03 |
) |
||
| Efficiency investments and other |
0.15 |
|
0.06 |
|
||
| Impairment loss |
0.59 |
|
— |
|
||
| Transaction costs |
0.02 |
|
0.03 |
|
||
| Depreciation and amortization of acquired software and intangibles |
0.27 |
|
0.23 |
|
||
| Income tax effect on adjustments |
(0.46 |
) |
(0.13 |
) |
||
| Adjusted EPS |
$ |
0.82 |
|
$ |
1.00 |
|
| CORELOGIC, INC. RECONCILIATION TO FREE CASH FLOW UNAUDITED |
||||
| (in thousands) |
For the Twelve Months Ended June 30, 2019 |
|||
| Net cash provided by operating activities - continuing operations |
$ |
327,297 |
|
|
| Purchases of property and equipment |
(85,640 |
) |
||
| Purchases of capitalized data and other intangible assets |
(34,793 |
) |
||
| Free cash flow |
$ |
206,864 |
|
|
