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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