CoreLogic Reports Record Full-Year and Fourth Quarter 2020

CoreLogic Reports Record Full-Year and Fourth Quarter 2020 Revenue, Operating Income, Profit Margins and Cash Flow

Please refer to the full Form 10-K filing for the complete financial statements and related notes that are an integral part of the financial statements.

CoreLogic, Inc.
Reconciliation of Adjusted EBITDA
(Unaudited)

	For the Three Months Ended December 31, 2020
(in thousands)	PIRM		UWS		CORP		ELIM		CoreLogic
Net income/(loss) from continuing operations	$	27,414	$	150,156	$	(91,140)	$	—	$	86,430
Income taxes	—		—		22,133		—		22,133
Depreciation and amortization	23,807		12,035		7,964		—		43,806
Interest expense/(income), net	470		(33)		16,392		—		16,829
Share-based compensation	1,928		1,737		7,499		—		11,164
Non-operating (gains)/losses	(2,202)		—		(3,198)		—		(5,400)
Efficiency investments and other	(205)		251		7,496		—		7,542
Transaction costs	1,723		223		34		—		1,980
Impairment Loss	—		1,050		31		—		1,081
Unsolicited Proposal Related Costs	—		—		17,098		—		17,098
Adjusted EBITDA	$	52,935	$	165,419	$	(15,691)	$	—	$	202,663

	For the Three Months Ended December 31, 2019
(in thousands)	PIRM		UWS		CORP		ELIM		CoreLogic
Net income/(loss) from continuing operations	$	9,377	$	72,709	$	(56,541)	$	—	$	25,545
Income taxes	—		—		7,189		—		7,189
Depreciation and amortization	22,727		11,947		7,659		—		42,333
Interest (income)/expense, net	(88)		67		18,769		—		18,748
Share-based compensation	1,707		1,564		5,882		—		9,153
Impairment loss	—				—		—		—
Non-operating losses	425		6,002		963		—		7,390
Efficiency investments and other	1,023		293		6,228		—		7,544
Transaction costs	1,468		359		72		—		1,899
Amortization of acquired intangibles included in equity in losses of affiliates	77				—		—		77
Adjusted EBITDA	$	36,716	$	92,941	$	(9,779)	$	—	$	119,878

	For the Year Ended December 31, 2020
(in thousands)	PIRM		UWS		CORP		ELIM		CoreLogic
Net income/(loss) from continuing operations	$	129,865	$	431,873	$	(297,488)	$	—	$	264,250
Income taxes	—		—		42,184		—		42,184
Depreciation and amortization	93,640		48,126		32,679		—		174,445
Interest expense/(income), net	1,760		(56)		67,472		—		69,176
Share-based compensation	7,886		7,607		29,567				45,060
Impairment loss	—		2,278		31		—		2,309
Non-operating (gains)/losses	(35,425)		(128)		(5,464)		—		(41,017)
Efficiency investments	(2,286)		1,460		26,211		—		25,385
Transaction costs	300		905		1,533		—		2,738
Unsolicited Proposal Related Costs	—		—		$	53,846	—		53,846
Adjusted EBITDA	$	195,740	$	492,065	$	(49,429)	$	—	$	638,376

	For the Year Ended December 31, 2019
(in thousands)	PIRM		UWS		CORP		ELIM		CoreLogic
Net income/(loss) from continuing operations	$	47,759	$	194,454	$	(208,443)	$	—	$	33,770
Income taxes	—		—		(1,622)		—		(1,622)
Depreciation and amortization	94,862		51,337		28,901		—		175,100
Interest expense, net	37		269		75,851		—		76,157
Share-based compensation	6,309		6,079		22,783		—		35,171
Impairment loss	—		47,834		—		—		47,834
Non-operating gains	6,725		6,279		13,738		—		26,742
Efficiency investments	3,471		6,484		29,562		—		39,517
Transaction costs	6,448		359		392		—		7,199
Amortization of acquired intangibles included in equity in earnings of affiliates	307		—		—		—		307
Adjusted EBITDA	$	165,918	$	313,095	$	(38,838)	$	—	$	440,175

CoreLogic, Inc.

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