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Guarantor Subsidiaries (Tables)
3 Months Ended
Mar. 31, 2012
Guarantor Subsidiaries [Abstract]  
Schedule of Guarantor Obligations [Table Text Block]
The following condensed consolidating financial information reflects CoreLogic, Inc.'s (the "Parent's") separate accounts, the combined accounts of the guarantor subsidiaries, the combined accounts of the non-guarantor subsidiaries, the combined consolidating adjustments and eliminations and the Parent's consolidated accounts for the dates and periods indicated.

 
 
Condensed Balance Sheet
 
 
As of March 31, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Current assets
 
$
301,233

 
$
312,415

 
$
38,622

 
$

 
$
652,270

Property and equipment, net
 
8,564

 
171,343

 
32,587

 

 
212,494

Goodwill
 

 
1,288,328

 
186,779

 

 
1,475,107

Other identifiable intangible assets, net
 

 
103,114

 
55,327

 

 
158,441

Capitalized data and database cost, net
 

 
220,378

 
85,090

 

 
305,468

Investments in affiliates
 

 
104,499

 
5,589

 

 
110,088

Deferred income tax assets, long-term
 
51,810

 
(18,224
)
 
2,967

 

 
36,553

Restricted cash
 
18,298

 
308

 
3,466

 

 
22,072

Investment in subsidiaries
 
1,810,264

 

 

 
(1,810,264
)
 

Other assets
 
100,261

 
28,032

 
2,086

 

 
130,379

Total assets
 
$
2,290,430

 
$
2,210,193

 
$
412,513

 
$
(1,810,264
)
 
$
3,102,872

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
84,821

 
$
357,024

 
$
38,090

 
$

 
$
479,935

Long-term debt, net
 
760,070

 
8,556

 
51,730

 

 
820,356

Deferred revenue
 

 
311,863

 

 

 
311,863

Deferred income taxes, long term
 

 
(5,514
)
 
22,919

 

 
17,405

Other liabilities
 
169,748

 
23,437

 
4,337

 

 
197,522

Total equity
 
1,275,791

 
1,514,827

 
295,437

 
(1,810,264
)
 
1,275,791

Total liabilities and equity
 
$
2,290,430

 
$
2,210,193

 
$
412,513

 
$
(1,810,264
)
 
$
3,102,872


 
 
Condensed Balance Sheet
 
 
As of December 31, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Current assets
 
$
284,329

 
$
339,098

 
$
32,552

 
$

 
$
655,979

Property and equipment, net
 
8,500

 
175,129

 
30,608

 

 
214,237

Goodwill
 

 
1,288,328

 
183,878

 

 
1,472,206

Other identifiable intangible assets, net
 

 
107,994

 
56,371

 

 
164,365

Capitalized data and database cost, net
 

 
218,534

 
85,472

 

 
304,006

Investments in affiliates
 

 
108,323

 
5,486

 

 
113,809

Deferred income tax assets, long-term
 
53,724

 
(15,419
)
 

 

 
38,305

Restricted cash
 
18,298

 
122

 
3,624

 

 
22,044

Investment in subsidiaries
 
1,799,365

 

 

 
(1,799,365
)
 

Other assets
 
92,910

 
30,151

 
2,059

 

 
125,120

Total assets
 
$
2,257,126

 
$
2,252,260

 
$
400,050

 
$
(1,799,365
)
 
$
3,110,071

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
95,237

 
$
369,631

 
$
35,791

 
$

 
$
500,659

Long-term debt, net
 
784,570

 
10,412

 
51,045

 

 
846,027

Deferred revenue
 

 
338,799

 

 

 
338,799

Deferred income taxes, long term
 

 

 
18,383

 

 
18,383

Other liabilities
 
132,498

 
24,333

 
4,551

 

 
161,382

Total equity
 
1,244,821

 
1,509,085

 
290,280

 
(1,799,365
)
 
1,244,821

Total liabilities and equity
 
$
2,257,126

 
$
2,252,260

 
$
400,050

 
$
(1,799,365
)
 
$
3,110,071


 
 
Condensed Statement of Operations
 
 
For the three months ended March 31, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
335,784

 
$
22,317

 
$

 
$
358,101

External cost of revenues
 

 
77,554

 
2,827

 

 
80,381

Salaries and benefits
 
22,378

 
104,659

 
10,705

 

 
137,742

Other operating expenses
 
(4,479
)
 
64,392

 
5,347

 

 
65,260

Depreciation and amortization
 
925

 
22,767

 
5,799

 

 
29,491

(Loss)/Income from continuing operations
 
(18,824
)
 
66,412

 
(2,361
)
 

 
45,227

Total interest (expense)/income, net
 
(13,492
)
 
191

 
(841
)
 

 
(14,142
)
(Loss)/gain on investment and other, net
 
1,641

 

 

 

 
1,641

Provision/(benefit) for income taxes
 
(14,526
)
 
28,405

 
(641
)
 

 
13,238

Equity in earnings of affiliates, net of tax
 

 
9,166

 
304

 

 
9,470

Equity in earnings of subsidiary, net of tax
 
32,686

 

 

 
(32,686
)
 

Net income/(loss) from continuing operations, net of tax
 
16,537

 
47,364

 
(2,257
)
 
(32,686
)
 
28,958

Loss from discontinued operations, net of tax
 

 
(8,967
)
 

 

 
(8,967
)
Loss on sale of discontinued operations, net of tax
 

 

 
(3,454
)
 

 
(3,454
)
Net income/(loss)
 
16,537

 
38,397

 
(5,711
)
 
(32,686
)
 
16,537

Less: Net loss attributable to noncontrolling interest
 
(94
)
 

 

 

 
(94
)
Net income/(loss) attributable to CoreLogic
 
$
16,631

 
$
38,397

 
$
(5,711
)
 
$
(32,686
)
 
$
16,631

Total other comprehensive income/(loss)
 
4,135

 

 
4,167

 
(4,167
)
 
4,135

Comprehensive income/(loss) attributable to CoreLogic
 
$
20,766

 
$
38,397

 
$
(1,544
)
 
$
(36,853
)
 
$
20,766


 
 
Condensed Statement of Operations
 
 
For the three months ended March 31, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
295,025

 
$
21,257

 
$

 
$
316,282

External cost of revenues
 
387

 
63,081

 
473

 

 
63,941

Salaries and benefits
 
23,473

 
105,071

 
12,452

 

 
140,996

Other operating expenses
 
(1,996
)
 
60,101

 
3,627

 

 
61,732

Depreciation and amortization
 
927

 
21,254

 
856

 

 
23,037

(Loss)/income from continuing operations
 
(22,791
)
 
45,518

 
3,849

 

 
26,576

Total interest (expense)/income, net
 
(7,976
)
 
227

 
199

 

 
(7,550
)
Gain on investment and other, net
 
6,707

 
24,154

 

 

 
30,861

(Benefit)/provision for income taxes
 
4,584

 
27,436

 
1,779

 

 
33,799

Equity in earnings of affiliates, net of tax
 

 
6,334

 

 

 
6,334

Equity in earnings of subsidiary, net of tax
 
52,717

 

 

 
(52,717
)
 

Net income from continuing operations, net of tax
 
24,073

 
48,797

 
2,269

 
(52,717
)
 
22,422

Income from discontinued operations, net of tax
 

 
1,651

 

 

 
1,651

Loss on sale of discontinued operations, net of tax
 

 

 

 

 

Net income/(loss)
 
24,073

 
50,448

 
2,269

 
(52,717
)
 
24,073

Less: Net income attributable to noncontrolling interest
 
817

 

 

 

 
817

Net income/(loss) attributable to CoreLogic
 
$
23,256

 
$
50,448

 
$
2,269

 
$
(52,717
)
 
$
23,256

Total other comprehensive (loss)/income
 
(14,097
)
 
(14,093
)
 
268

 
13,825

 
(14,097
)
Comprehensive income/(loss) attributable to CoreLogic
 
$
9,159

 
$
36,355

 
$
2,537

 
$
(38,892
)
 
$
9,159


 
 
Condensed Statement of Cash Flows
 
 
For the three months ended March 31, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash provided by/(used in) operating activities - continuing operations
 
$
19,166

 
$
56,938

 
$
(6,378
)
 
$

 
$
69,726

Net cash used in operating activities - discontinued operations
 

 
(4,694
)
 

 

 
(4,694
)
Total cash provided/(used in) by operating activities
 
$
19,166

 
$
52,244

 
$
(6,378
)
 
$

 
$
65,032

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 

Purchases of property and equipment
 
(989
)
 
(8,762
)
 
(3,768
)
 

 
(13,519
)
Purchases of capitalized data and other intangible assets
 

 
(6,876
)
 
(83
)
 

 
(6,959
)
Proceeds from sale of property and equipment
 

 
45

 

 

 
45

Change in restricted cash
 

 
(186
)
 

 

 
(186
)
Net cash used in investing activities - continuing operations
 
(989
)
 
(15,779
)
 
(3,851
)
 

 
(20,619
)
Net cash provided by investing activities - discontinued operations
 

 
239

 

 

 
239

Total cash used in investing activities
 
$
(989
)
 
$
(15,540
)
 
$
(3,851
)
 
$

 
$
(20,380
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayments of long-term debt
 
(42,000
)
 
(10,214
)
 
(33
)
 

 
(52,247
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
187

 

 

 

 
187

Distribution to noncontrolling interests
 
(10
)
 

 

 

 
(10
)
Tax benefit related to stock options
 
56

 

 

 

 
56

Other
 
36,181

 
(43,937
)
 
7,756

 

 

Net cash (used in)/provided by financing activities - continuing operations
 
(5,586
)
 
(54,151
)
 
7,723

 

 
(52,014
)
Net cash provided by financing activities - discontinued operations
 

 
1

 

 

 
1

Total cash (used in)/provided by financing activities
 
$
(5,586
)
 
$
(54,150
)
 
$
7,723

 
$

 
$
(52,013
)
Net increase/(decrease) in cash and cash equivalents
 
12,591

 
(17,446
)
 
(2,506
)
 

 
(7,361
)
Cash and cash equivalents at beginning of period
 
229,871

 
9,106

 
20,289

 

 
259,266

Change in cash and cash equivalents - discontinued operations
 

 
(4,454
)
 

 

 
(4,454
)
Cash and cash equivalents at end of period
 
$
242,462

 
$
(3,886
)
 
$
17,783

 
$

 
$
256,359


 
 
Condensed Statement of Cash Flows
 
 
For the three months ended March 31, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash provided by/(used in) operating activities - continuing operations
 
$
13,743

 
$
11,467

 
$
(3,690
)
 
$

 
$
21,520

Net cash provided by operating activities - discontinued operations
 

 
1,113

 

 

 
1,113

Total cash provided by/(used in) operating activities
 
$
13,743

 
$
12,580

 
$
(3,690
)
 
$

 
$
22,633

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 
 
Purchases of redeemable noncontrolling interests
 
(72,000
)
 

 

 

 
(72,000
)
Purchases of property and equipment
 
(51
)
 
(8,792
)
 
(878
)
 

 
(9,721
)
Purchases of capitalized data and other intangible assets
 

 
(6,298
)
 

 

 
(6,298
)
Cash paid for acquisitions, net of cash acquired
 

 
(27,397
)
 

 

 
(27,397
)
Purchases of investments
 

 
(28,749
)
 

 

 
(28,749
)
Proceeds from sale of investments
 

 
53,847

 

 

 
53,847

Net cash used in investing activities - continuing operations
 
(72,051
)
 
(17,389
)
 
(878
)
 

 
(90,318
)
Net cash used in investing activities - discontinued operations
 

 
(1,489
)
 

 

 
(1,489
)
Total cash used in investing activities
 
$
(72,051
)
 
$
(18,878
)
 
$
(878
)
 
$

 
$
(91,807
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayments of long-term debt
 
(201,446
)
 
(9,871
)
 
(3
)
 

 
(211,320
)
Share repurchases
 
(15,082
)
 

 

 

 
(15,082
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
2,217

 

 

 

 
2,217

Distribution to noncontrolling interests
 
(4,290
)
 

 

 

 
(4,290
)
Tax benefit related to stock options
 
217

 

 

 

 
217

Other
 
(23,152
)
 
17,514

 
5,638

 

 

Net cash (used in)/provided by financing activities - continuing operations
 
(241,536
)
 
7,643

 
5,635

 

 
(228,258
)
Net cash provided by financing activities - discontinued operations
 

 

 

 

 

Total cash (used in)/provided by financing activities
 
$
(241,536
)
 
$
7,643

 
$
5,635

 
$

 
$
(228,258
)
Net (decrease)/increase in cash and cash equivalents
 
(299,844
)
 
1,345

 
1,067

 

 
(297,432
)
Cash and cash equivalents at beginning of period
 
355,974

 
23,013

 
47,225

 

 
426,212

Change in cash and cash equivalents - discontinued operations
 

 
(376
)
 

 

 
(376
)
Cash and cash equivalents at end of period
 
$
56,130

 
$
24,734

 
$
48,292

 
$

 
$
129,156