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Guarantor Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2011
Guarantor Subsidiaries [Abstract]  
Schedule Of Guarantor Subsidiaries
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 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 Balance Sheet
 
 
As of December 31, 2010
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Current assets
 
$
421,614

 
$
567,682

 
$
63,005

 
$

 
$
1,052,301

Property and equipment, net
 
11,417

 
180,679

 
5,330

 

 
197,426

Goodwill
 

 
1,270,751

 
19,137

 

 
1,289,888

Other identifiable intangible assets, net
 

 
106,060

 
3,790

 

 
109,850

Capitalized data and database cost, net
 

 
211,325

 
6

 

 
211,331

Investments in affiliates
 
18,383

 
147,326

 

 

 
165,709

Deferred income tax assets, long-term
 
34,799

 
(28,769
)
 
314

 

 
6,344

Restricted cash
 
20,973

 
122

 

 

 
21,095

Investment in subsidiaries
 
1,773,507

 

 

 
(1,773,507
)
 

Other assets
 
118,775

 
60,000

 
2,106

 

 
180,881

Total assets
 
$
2,399,468

 
$
2,515,176

 
$
93,688

 
$
(1,773,507
)
 
$
3,234,825

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
326,258

 
$
408,611

 
$
9,569

 
$

 
$
744,438

Long-term debt, net
 
443,838

 
43,599

 

 

 
487,437

Deferred revenue
 

 
350,827

 

 

 
350,827

Deferred income taxes, long term
 

 

 

 

 

Other liabilities
 
84,231

 
22,698

 
53

 

 
106,982

Total equity
 
1,545,141

 
1,689,441

 
84,066

 
(1,773,507
)
 
1,545,141

Total liabilities and equity
 
$
2,399,468

 
$
2,515,176

 
$
93,688

 
$
(1,773,507
)
 
$
3,234,825


 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
1,230,299

 
$
108,248

 
$

 
$
1,338,547

External cost of revenues
 

 
280,509

 
7,547

 

 
288,056

Salaries and benefits
 
74,968

 
421,480

 
57,450

 

 
553,898

Other operating expenses
 
21,714

 
245,414

 
25,234

 

 
292,362

Depreciation and amortization
 
3,702

 
92,046

 
19,798

 

 
115,546

Income from continuing operations
 
(100,384
)
 
190,850

 
(1,781
)
 

 
88,685

Total interest expenses, net
 
(55,564
)
 
(978
)
 
(1,748
)
 

 
(58,290
)
(Loss)/gain on investment and other, net
 
64,984

 
(5,061
)
 
82

 

 
60,005

Provision/(benefit) for income taxes
 
(65,471
)
 
133,017

 
(371
)
 

 
67,175

Equity in earnings of affiliates, net of tax
 

 
30,078

 
192

 

 
30,270

Equity in earnings of subsidiary, net of tax
 
(48,136
)
 

 

 
48,136

 

Net (loss)/income from continuing operations, net of tax
 
(73,629
)
 
81,872

 
(2,884
)
 
48,136

 
53,495

Loss from discontinued operations, net of tax
 

 
(127,124
)
 

 

 
(127,124
)
Loss on sale of discontinued operations, net of tax
 

 

 

 

 

Net loss
 
(73,629
)
 
(45,252
)
 
(2,884
)
 
48,136

 
(73,629
)
Less: Net income attributable to noncontrolling interest
 
980

 

 

 

 
980

Net loss attributable to CoreLogic
 
$
(74,609
)
 
$
(45,252
)
 
$
(2,884
)
 
$
48,136

 
$
(74,609
)
Total other comprehensive (loss)/income
 
(36,259
)
 
(14,093
)
 
(12,612
)
 
26,705

 
(36,259
)
Comprehensive (loss)/income attributable to CoreLogic
 
(110,868
)
 
(59,345
)
 
(15,496
)
 
74,841

 
(110,868
)
 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2010
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
1,219,615

 
$
60,661

 
$

 
$
1,280,276

External cost of revenues
 

 
281,564

 
1,260

 

 
282,824

Salaries and benefits
 
56,723

 
437,164

 
39,381

 

 
533,268

Other operating expenses
 
17,060

 
229,014

 
9,546

 

 
255,620

Depreciation and amortization
 
5,093

 
86,960

 
2,828

 

 
94,881

(Loss)/income from continuing operations
 
(78,876
)
 
184,913

 
7,646

 

 
113,683

Total interest (expense)/income, net
 
(30,279
)
 
(650
)
 
704

 

 
(30,225
)
(Loss)/gain on investment and other, net
 
(13,852
)
 
(1,828
)
 
4,795

 

 
(10,885
)
(Benefit)/provision for income taxes
 
(55,525
)
 
82,351

 
3,497

 

 
30,323

Equity in (losses)/earnings of affiliates, net of tax
 
(29
)
 
41,670

 

 

 
41,641

Equity in earnings of subsidiary, net of tax
 
48,882

 

 

 
(48,882
)
 

Net (loss)/income from continuing operations, net of tax
 
(18,629
)
 
141,754

 
9,648

 
(48,882
)
 
83,891

Income/(loss) from discontinued operations, net of tax
 

 
18,517

 
(102,053
)
 

 
(83,536
)
Loss on sale of discontinued operations, net of tax
 

 

 
(18,985
)
 

 
(18,985
)
Net (loss)/income
 
(18,629
)
 
160,271

 
(111,390
)
 
(48,882
)
 
(18,630
)
Less: Net income attributable to noncontrolling interest
 
37,670

 

 

 

 
37,670

Net (loss)/income attributable to CoreLogic
 
$
(56,299
)
 
$
160,271

 
$
(111,390
)
 
$
(48,882
)
 
$
(56,300
)
Total other comprehensive income/(loss)
 
12,831

 
1,759

 
(547
)
 
(1,212
)
 
12,831

Comprehensive (loss)/income
 
(43,468
)
 
162,030

 
(111,937
)
 
(50,094
)
 
(43,469
)
Less: Comprehensive (loss)/income attributable to the noncontrolling interests
 
(17
)
 
(17
)
 

 
17

 
(17
)
Comprehensive (loss)/income attributable to CoreLogic
 
(43,451
)
 
162,047

 
(111,937
)
 
(50,111
)
 
(43,452
)

 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2009
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
1,263,321

 
$
66,841

 
$

 
$
1,330,162

External cost of revenues
 

 
289,687

 
387

 

 
290,074

Salaries and benefits
 
46,684

 
474,314

 
44,919

 

 
565,917

Other operating expenses
 
(22,361
)
 
262,562

 
10,944

 

 
251,145

Depreciation and amortization
 
4,320

 
106,363

 
3,691

 

 
114,374

Income from continuing operations
 
(28,643
)
 
130,395

 
6,900

 

 
108,652

Total interest (expense)/income, net
 
(33,797
)
 
2,726

 
225

 

 
(30,846
)
Loss on investment and other, net
 

 
(5,933
)
 

 

 
(5,933
)
(Benefit)/provision for income taxes
 
(14,822
)
 
30,191

 
1,732

 

 
17,101

Equity in (losses)/earnings of affiliates, net of tax
 
(740
)
 
49,587

 

 

 
48,847

Equity in earnings of subsidiary, net of tax
 
302,633

 

 

 
(302,633
)
 

Net income from continuing operations, net of tax
 
254,275

 
146,584

 
5,393

 
(302,633
)
 
103,619

Income from discontinued operations, net of tax
 

 
14,172

 
136,486

 

 
150,658

Net income/(loss)
 
254,275

 
160,756

 
141,879

 
(302,633
)
 
254,277

Less: Net income attributable to noncontrolling interest
 
57,638

 

 

 

 
57,638

Net income/(loss) attributable to CoreLogic
 
$
196,637

 
$
160,756

 
$
141,879

 
$
(302,633
)
 
$
196,639

Total other comprehensive income/(loss)
 
12,929

 
12,348

 
411

 
(12,759
)
 
12,929

Comprehensive income/(loss)
 
209,566

 
173,104

 
142,290

 
(315,392
)
 
209,568

Less: Comprehensive income/(loss) attributable to the noncontrolling interests
 
3,729

 
2,741

 
988

 
(3,729
)
 
3,729

Comprehensive income/(loss) attributable to CoreLogic
 
205,837

 
170,363

 
141,302

 
(311,663
)
 
205,839


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash (used in)/provided by operating activities - continuing operations
 
(11,425
)
 
176,002

 
7,015

 

 
171,592

Net cash provided by operating activities - discontinued operations
 

 
(10,655
)
 

 

 
(10,655
)
Total cash (used in)/provided by operating activities
 
$
(11,425
)
 
$
165,347

 
$
7,015

 
$

 
$
160,937

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 

Purchases of redeemable noncontrolling interests
 
(72,000
)
 

 

 

 
(72,000
)
Purchases of property and equipment
 
(785
)
 
(38,503
)
 
(5,927
)
 

 
(45,215
)
Purchases of capitalized data and other intangible assets
 

 
(26,447
)
 
(562
)
 

 
(27,009
)
Cash paid for acquisitions, net of cash acquired
 
(219,317
)
 
4,220

 
882

 

 
(214,215
)
Proceeds from sale of discontinued operations
 

 

 

 

 

Purchases of investments
 
725

 
(27,623
)
 

 

 
(26,898
)
Proceeds from sale of subsidiary and other increases in noncontrolling interest, net
 
22,754

 
5,300

 

 

 
28,054

Proceeds from sale of property and equipment
 

 
25,042

 

 

 
25,042

Proceeds from sale of investments
 

 
74,621

 

 

 
74,621

Change in restricted cash
 
2,675

 
(1
)
 
(583
)
 

 
2,091

Net cash (used in)/provided by investing activities - continuing operations
 
(265,948
)
 
16,609

 
(6,190
)
 

 
(255,529
)
Net cash used in investing activities - discontinued operations
 

 
(4,497
)
 

 

 
(4,497
)
Total cash (used in)/provided by investing activities
 
$
(265,948
)
 
$
12,112

 
$
(6,190
)
 
$

 
$
(260,026
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt
 
750,000

 
54,544

 
53,610

 

 
858,154

Debt issuance costs
 
(22,810
)
 

 

 

 
(22,810
)
Repayments of long-term debt
 
(575,787
)
 
(107,094
)
 
(50,526
)
 

 
(733,407
)
Share repurchases
 
(176,512
)
 

 

 

 
(176,512
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
1,064

 

 

 

 
1,064

Distribution to noncontrolling interests
 
(4,835
)
 

 

 

 
(4,835
)
Tax benefit related to stock options
 
363

 

 

 

 
363

Other
 
179,787

 
(148,942
)
 
(30,845
)
 

 

Net cash provided by/(used in) financing activities - continuing operations
 
151,270

 
(201,492
)
 
(27,761
)
 

 
(77,983
)
Net cash provided by financing activities - discontinued operations
 

 
71

 

 

 
71

Total cash provided by/(used in) financing activities
 
$
151,270

 
$
(201,421
)
 
$
(27,761
)
 
$

 
$
(77,912
)
Net increase/(decrease) in cash and cash equivalents
 
(126,103
)
 
(23,962
)
 
(26,936
)
 

 
(177,001
)
Cash and cash equivalents at beginning of period
 
355,974

 
23,013

 
47,225

 

 
426,212

Change in cash and cash equivalents - discontinued operations
 

 
10,055

 

 

 
10,055

Cash and cash equivalents at end of period
 
$
229,871

 
$
9,106

 
$
20,289

 
$

 
$
259,266


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 2010
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash (used in)/provided by operating activities - continuing operations
 
$
(68,913
)
 
$
224,975

 
$
8,083

 
$

 
$
164,145

Net cash provided by operating activities - discontinued operations
 

 
18,598

 
23,451

 

 
42,049

Total cash (used in)/provided by operating activities
 
$
(68,913
)
 
$
243,573

 
$
31,534

 
$

 
$
206,194

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 

Purchases of redeemable noncontrolling interests
 
(385,847
)
 

 

 

 
(385,847
)
Purchases of subsidiary shares from and other decreases in noncontrolling interests
 
(6,537
)
 

 

 

 
(6,537
)
Purchases of property and equipment
 
(3,347
)
 
(48,114
)
 
(1,149
)
 

 
(52,610
)
Purchases of capitalized data and other intangible assets
 

 
(24,814
)
 

 

 
(24,814
)
Cash paid for acquisitions, net of cash acquired
 

 
(11,401
)
 
2,173

 

 
(9,228
)
Cash received from sale of discontinued operations
 

 

 
265,000

 

 
265,000

Purchases of investments
 
(18,764
)
 
(8,520
)
 

 

 
(27,284
)
Proceeds from maturities of debt securities
 

 
371

 

 

 
371

Proceeds from sale of investments
 

 
26,386

 

 

 
26,386

Issuance of notes receivable, net
 

 
(12,754
)
 

 

 
(12,754
)
Change in restricted cash
 
(20,973
)
 
(122
)
 

 

 
(21,095
)
Net cash (used in)/provided by investing activities - continuing operations
 
(435,468
)
 
(78,968
)
 
266,024

 

 
(248,412
)
Net cash used in investing activities - discontinued operations
 

 
(5,656
)
 
(70,536
)
 

 
(76,192
)
Total cash (used in)/provided by investing activities
 
$
(435,468
)
 
$
(84,624
)
 
$
195,488

 
$

 
$
(324,604
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 


Proceeds from long-term debt
 
843,524

 

 

 

 
843,524

Debt issuance costs
 
(14,776
)
 

 

 

 
(14,776
)
Repayments of long-term debt
 
(691,258
)
 
(22,385
)
 

 

 
(713,643
)
Share repurchases
 
(30,171
)
 

 

 

 
(30,171
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
6,997

 

 

 

 
6,997

Distribution to noncontrolling interests
 
(27,800
)
 

 

 

 
(27,800
)
Cash dividends
 
(22,657
)
 

 

 

 
(22,657
)
Tax benefit related to stock options
 
3,423

 

 

 

 
3,423

Other
 
628,061

 
(382,899
)
 
(245,162
)
 

 

Net cash provided by/(used in) financing activities - continuing operations
 
695,343

 
(405,284
)
 
(245,162
)
 

 
44,897

Net cash provided by financing activities - discontinued operations
 

 

 
29,087

 

 
29,087

Total cash provided by/(used in) financing activities
 
$
695,343

 
$
(405,284
)
 
$
(216,075
)
 
$

 
$
73,984

Net increase/(decrease) in cash and cash equivalents
 
190,962

 
(246,335
)
 
10,947

 

 
(44,426
)
Cash and cash equivalents at beginning of period
 
165,012

 
282,290

 
12,217

 

 
459,519

Change in cash and cash equivalents - discontinued operations
 

 
(12,942
)
 
24,061

 

 
11,119

Cash and cash equivalents at end of period
 
$
355,974

 
$
23,013

 
$
47,225

 
$

 
$
426,212


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 2009
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash (used in)/provided by operating activities - continuing operations
 
$
(52,431
)
 
$
302,141

 
$
943

 
$

 
$
250,653

Net cash provided by operating activities - discontinued operations
 

 
9,538

 
298,728

 

 
308,266

Total cash (used in)/provided by operating activities
 
$
(52,431
)
 
$
311,679

 
$
299,671

 
$

 
$
558,919

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 

Purchases of subsidiary shares from and other decreases in noncontrolling interests
 
(58,511
)
 
(3,500
)
 

 

 
(62,011
)
Purchases of property and equipment
 
(12,352
)
 
(18,376
)
 
(1,159
)
 

 
(31,887
)
Purchases of capitalized data and other intangible assets
 

 
(25,506
)
 

 

 
(25,506
)
Cash paid for acquisitions, net of cash acquired
 

 
(10,000
)
 

 

 
(10,000
)
Purchases of investments
 

 
(10,008
)
 

 

 
(10,008
)
Proceeds from maturities of debt securities
 

 
12,623

 

 

 
12,623

Proceeds from sale of subsidiary and other increases in noncontrolling interest, net
 
12,347

 

 

 

 
12,347

Proceeds from sale of investments
 

 
4,488

 

 

 
4,488

Change in restricted cash
 

 

 

 

 

Net cash used in investing activities - continuing operations
 
(58,516
)
 
(50,279
)
 
(1,159
)
 

 
(109,954
)
Net cash (used in)/provided by investing activities - discontinued operations
 

 
(5,504
)
 
1,380

 

 
(4,124
)
Total cash (used in)/provided by investing activities
 
$
(58,516
)
 
$
(55,783
)
 
$
221

 
$

 
$
(114,078
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 

Proceeds from long-term debt
 
(1
)
 
50,783

 

 

 
50,782

Repayments of long-term debt
 

 
(102,188
)
 

 

 
(102,188
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
12,601

 

 

 

 
12,601

Distribution to noncontrolling interests
 
(31,525
)
 

 

 

 
(31,525
)
Cash dividends
 
(82,054
)
 

 

 

 
(82,054
)
Tax benefit related to stock options
 
1,057

 
(289
)
 

 

 
768

Other
 
291,399

 
(105,564
)
 
(185,835
)
 

 

Net cash provided by/(used in) financing activities - continuing operations
 
191,477

 
(157,258
)
 
(185,835
)
 

 
(151,616
)
Net cash used in financing activities - discontinued operations
 

 

 
(198,276
)
 

 
(198,276
)
Total cash provided by/(used in) financing activities
 
$
191,477

 
$
(157,258
)
 
$
(384,111
)
 
$

 
$
(349,892
)
Net increase/(decrease) in cash and cash equivalents
 
80,530

 
98,638

 
(84,219
)
 

 
94,949

Cash and cash equivalents at beginning of period
 
84,482

 
187,688

 
10,949

 

 
283,119

Change in cash and cash equivalents - discontinued operations
 

 
(4,036
)
 
85,487

 

 
81,451

Cash and cash equivalents at end of period
 
$
165,012

 
$
282,290

 
$
12,217

 
$

 
$
459,519