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.

   
CORELOGIC, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
UNAUDITED
 
For the Nine Months Ended
September 30,
(in thousands) 2018   2017
Cash flows from operating activities:
Net income $109,254 $87,453
Less: (Loss)/income from discontinued operations, net of tax (175) 2,421
Less: Gain from sale of discontinued operations, net of tax 310
Net income from continuing operations 109,429 84,722
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation and amortization 142,030 131,668
Amortization of debt issuance costs 4,103 4,263
Provision for bad debt and claim losses 11,113 12,268
Share-based compensation 29,574 29,558
Equity in (earnings)/losses of affiliates, net of taxes (2,909) 1,232
Gain on sale of property and equipment (19) (227)
Deferred income tax 10,279 (7,038)
(Gain)/loss on investment and other, net (5,124) 6,513
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable 2,619 (5,655)
Prepaid expenses and other current assets (7,617) 2,414
Accounts payable and other accrued expenses (22,037) (40,681)
Contract liabilities (18,406) 26,037
Income taxes 7,847 644
Dividends received from investments in affiliates 775 1,198
Other assets and other liabilities (9,353) 21,765
Net cash provided by operating activities - continuing operations 252,304 268,681
Net cash (used in)/provided by operating activities - discontinued operations (4) 3,660
Total cash provided by operating activities $252,300 $272,341
Cash flows from investing activities:
Purchases of property and equipment $(41,020) $(28,534)
Purchases of capitalized data and other intangible assets (25,013) (25,744)
Cash paid for acquisitions, net of cash acquired (140,977) (188,372)
Cash received from sale of business-line 3,245
Proceeds from sale of property and equipment 198 316
Proceeds from investments 980
Net cash used in investing activities - continuing operations (202,587) (242,334)
Net cash provided by investing activities - discontinued operations
Total cash used in investing activities $(202,587) $(242,334)
Cash flows from financing activities:
Proceeds from long-term debt $120,095 $1,995,000
Debt issuance costs (14,294)
Repayment of long-term debt (114,626) (1,796,661)
Proceeds from issuance of shares in connection with share-based compensation 19,585 6,330
Payment of tax withholdings related to net share settlements (12,623) (13,629)
Shares repurchased and retired (87,028) (132,460)
Net cash (used in)/provided by financing activities - continuing operations (74,597) 44,286
Net cash provided by financing activities - discontinued operations
Total cash (used in)/provided by financing activities $(74,597) $44,286
Effect of exchange rate on cash, cash equivalents and restricted cash 2,039 (1,324)
Net change in cash, cash equivalents and restricted cash (22,845) 72,969
Cash, cash equivalents and restricted cash at beginning of period 132,154 89,974
Less: Change in cash, cash equivalents and restricted cash - discontinued operations (4) 3,660
Plus: Cash swept (to)/from discontinued operations (4) 3,660
Cash, cash equivalents and restricted cash at end of period $109,309 $162,943
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec

New Customer Special

Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
Linley Fall Processor Conference 2020 – Part One
More Editorial  
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
A Unified Flow for Embedded Systems Development
Colin WallsEmbedded Software
by Colin Walls
Time for a new programming paradigm?
Jobs
Product Line Manager for EDA Careers at Multiple, North Carolina
Test Engineer for Marvell Semiconductor at Santa Clara, California
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Upcoming Events
International Conference on Computer Aided Design (ICCAD) 2020 at San Diego Mission Bay Resort San Diego CA - Nov 2 - 5, 2020
2020 International Conference On Computer Aided Design at San Diego Mission Bay Resort San Diego CA - Nov 2 - 5, 2020
SUBMIT YOUR PAPER TO THE 2020 ITC! at Washington DC - Nov 3 - 5, 2020
Verific: SystemVerilog & VHDL Parsers
TrueCircuits:



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise