CoreLogic Reports First Quarter 2019 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.

CORELOGIC, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
UNAUDITED

(in thousands, except par value)	March 31,			December 31,
Assets	2019			2018
Current assets:
Cash and cash equivalents	$	86,828		$	85,271
Accounts receivable (less allowance for doubtful accounts of $6,302 and $5,742 as of March 31, 2019 and December 31, 2018, respectively)	246,329			242,814
Prepaid expenses and other current assets	49,211			50,136
Income tax receivable	13,971			25,299
Total current assets	396,339			403,520
Property and equipment, net	459,478			456,497
Operating lease assets	64,606			—
Goodwill, net	2,395,765			2,391,954
Other intangible assets, net	452,124			468,405
Capitalized data and database costs, net	324,116			324,049
Investment in affiliates, net	21,867			22,429
Other assets	99,701			102,136
Total assets	$	4,213,996		$	4,168,990
Liabilities and Equity
Current liabilities:
Accounts payable and other accrued expenses	$	162,045		$	166,258
Accrued salaries and benefits	75,861			84,940
Contract liabilities, current	312,322			308,959
Current portion of long-term debt	47,465			26,935
Operating lease liabilities, current	16,709			—
Total current liabilities	614,402			587,092
Long-term debt, net of current	1,709,501			1,752,241
Contract liabilities, net of current	520,845			524,069
Deferred income tax liabilities	125,064			124,968
Operating lease liabilities, net of current	82,851			—
Other liabilities	162,062			180,122
Total liabilities	$	3,214,725		$	3,168,492

Stockholders' equity:
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding	$	—		$	—
Common stock, $0.00001 par value; 180,000 shares authorized; 80,633 and 80,092 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	1			1
Additional paid-in capital	164,969			160,870
Retained earnings	977,062			975,375
Accumulated other comprehensive loss	(142,761		)	(135,748		)
Total stockholders' equity	999,271			1,000,498
Total liabilities and equity	$	4,213,996		$	4,168,990

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