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Guarantor Subsidiaries (Tables)
9 Months Ended
Sep. 30, 2012
Guarantor Subsidiaries [Abstract]  
Schedule of Guarantor Obligations
The following condensed consolidating financial information reflects 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 September 30, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Current assets
 
$
171,969

 
$
323,345

 
$
46,675

 
$

 
$
541,989

Property and equipment, net
 
13,935

 
149,877

 
33,402

 

 
197,214

Goodwill
 

 
1,288,328

 
187,600

 

 
1,475,928

Other identifiable intangible assets, net
 

 
96,186

 
51,780

 

 
147,966

Capitalized data and database cost, net
 

 
224,638

 
84,509

 

 
309,147

Investments in affiliates
 

 
102,728

 
6,328

 

 
109,056

Deferred income tax assets, long-term
 
45,711

 

 

 
(14,900
)
 
30,811

Restricted cash
 
18,299

 
306

 
3,476

 

 
22,081

Investment in subsidiaries
 
1,744,865

 

 

 
(1,744,865
)
 

Other assets
 
98,767

 
29,328

 
2,137

 

 
130,232

Total assets
 
$
2,093,546

 
$
2,214,736

 
$
415,907

 
$
(1,759,765
)
 
$
2,964,424

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
76,530

 
$
391,623

 
$
47,003

 
$

 
$
515,156

Long-term debt, net
 
733,820

 
8,747

 
51,890

 

 
794,457

Deferred revenue
 

 
313,466

 

 

 
313,466

Deferred income taxes, long term
 

 
14,900

 
19,376

 
(14,900
)
 
19,376

Other liabilities
 
135,446

 
32,861

 
3,831

 

 
172,138

Total CoreLogic stockholders' equity
 
1,147,750

 
1,453,139

 
291,726

 
(1,744,865
)
 
1,147,750

Noncontrolling interests
 

 

 
2,081

 

 
2,081

Total liabilities and equity
 
$
2,093,546

 
$
2,214,736

 
$
415,907

 
$
(1,759,765
)
 
$
2,964,424


 
 
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
 
1,797,065

 

 

 
(1,797,065
)
 

Other assets
 
92,910

 
30,152

 
2,058

 

 
125,120

Total assets
 
$
2,254,826

 
$
2,267,680

 
$
400,049

 
$
(1,812,484
)
 
$
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
 

 
15,419

 
18,383

 
(15,419
)
 
18,383

Other liabilities
 
132,498

 
24,333

 
4,551

 

 
161,382

Total CoreLogic stockholders' equity
 
1,242,521

 
1,509,086

 
287,979

 
(1,797,065
)
 
1,242,521

Noncontrolling interests
 

 

 
2,300

 

 
2,300

Total liabilities and equity
 
$
2,254,826

 
$
2,267,680

 
$
400,049

 
$
(1,812,484
)
 
$
3,110,071


 
 
Condensed Statement of Operations
 
 
For the three months ended September 30, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
386,033

 
$
23,727

 
$

 
$
409,760

External cost of revenues
 

 
97,213

 
3,556

 

 
100,769

Salaries and benefits
 
21,143

 
101,266

 
11,385

 

 
133,794

Other operating expenses
 
(3,684
)
 
81,707

 
2,755

 

 
80,778

Depreciation and amortization
 
610

 
26,755

 
5,672

 

 
33,037

(Loss)/income from continuing operations
 
(18,069
)
 
79,092

 
359

 

 
61,382

Total interest expense, net
 
(12,035
)
 
(28
)
 
(662
)
 

 
(12,725
)
Gain/(loss) on investment and other, net
 
1,111

 
(5,598
)
 
233

 

 
(4,254
)
(Benefit)/provision for income taxes
 
(10,228
)
 
24,898

 
1,736

 

 
16,406

Equity in earnings of affiliates, net of tax
 

 
7,919

 
247

 

 
8,166

Equity in earnings of subsidiary, net of tax
 
57,085

 

 

 
(57,085
)
 

Net income/(loss) from continuing operations, net of tax
 
38,320

 
56,487

 
(1,559
)
 
(57,085
)
 
36,163

Loss from discontinued operations, net of tax
 

 
(10,157
)
 

 

 
(10,157
)
Gain on sale of discontinued operations, net of tax
 

 
12,264

 

 

 
12,264

Net income/(loss)
 
38,320

 
58,594

 
(1,559
)
 
(57,085
)
 
38,270

Less: Net loss attributable to noncontrolling interest
 

 

 
(50
)
 

 
(50
)
Net income/(loss) attributable to CoreLogic
 
$
38,320

 
$
58,594

 
$
(1,509
)
 
$
(57,085
)
 
$
38,320

Total other comprehensive income/(loss)
 
4,264

 

 
5,163

 
(5,163
)
 
4,264

Comprehensive income/(loss) attributable to CoreLogic
 
$
42,584

 
$
58,594

 
$
3,654

 
$
(62,248
)
 
$
42,584


 
 
Condensed Statement of Operations
 
 
For the three months ended September 30, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
316,415

 
$
32,031

 
$

 
$
348,446

External cost of revenues
 

 
75,906

 
2,272

 

 
78,178

Salaries and benefits
 
13,444

 
101,679

 
16,400

 

 
131,523

Other operating expenses
 
1,228

 
62,662

 
12,171

 

 
76,061

Depreciation and amortization
 
920

 
24,482

 
9,442

 

 
34,844

(Loss)/income from continuing operations
 
(15,592
)
 
51,686

 
(8,254
)
 

 
27,840

Total interest expense, net
 
(13,288
)
 
(193
)
 
(938
)
 

 
(14,419
)
Loss on investment and other, net
 
(3,297
)
 
(821
)
 

 

 
(4,118
)
Provision/(benefit) for income taxes
 
24,722

 
(4,508
)
 
321

 

 
20,535

Equity in earnings of affiliates, net of tax
 

 
8,284

 
56

 

 
8,340

Equity in earnings of subsidiary, net of tax
 
(50,291
)
 

 

 
50,291

 

Net (loss)/income from continuing operations, net of tax
 
(107,190
)

63,464


(9,457
)

50,291


(2,892
)
Loss from discontinued operations, net of tax
 

 
(104,220
)
 

 

 
(104,220
)
Net (loss)/income
 
(107,190
)
 
(40,756
)
 
(9,457
)
 
50,291

 
(107,112
)
Less: Net income attributable to noncontrolling interest
 

 

 
78

 

 
78

Net (loss)/income attributable to CoreLogic
 
$
(107,190
)
 
$
(40,756
)
 
$
(9,535
)
 
$
50,291

 
$
(107,190
)
Total other comprehensive (loss)/income
 
(31,721
)
 
(271
)
 
(27,789
)
 
28,060

 
(31,721
)
Comprehensive (loss)/income attributable to CoreLogic
 
$
(138,911
)
 
$
(41,027
)
 
$
(37,324
)
 
$
78,351

 
$
(138,911
)

 
 
Condensed Statement of Operations
 
 
For the nine months ended September 30, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
1,088,836

 
$
68,386

 
$

 
$
1,157,222

External cost of revenues
 

 
264,281

 
10,085

 

 
274,366

Salaries and benefits
 
62,576

 
308,436

 
35,033

 

 
406,045

Other operating expenses
 
(13,948
)
 
214,722

 
8,432

 

 
209,206

Depreciation and amortization
 
2,137

 
73,582

 
17,715

 

 
93,434

(Loss)/income from continuing operations
 
(50,765
)
 
227,815

 
(2,879
)
 

 
174,171

Total interest (expense)/income, net
 
(38,034
)
 
159

 
(2,326
)
 

 
(40,201
)
Gain/(loss) on investment and other, net
 
2,456

 
(7,144
)
 
823

 

 
(3,865
)
(Benefit)/provision for income taxes
 
(31,698
)
 
81,263

 
3,657

 

 
53,222

Equity in earnings of affiliates, net of tax
 

 
28,490

 
891

 

 
29,381

Equity in earnings of subsidiary, net of tax
 
152,253

 

 

 
(152,253
)
 

Net income/(loss) from continuing operations, net of tax
 
97,608

 
168,057

 
(7,148
)
 
(152,253
)
 
106,264

Loss from discontinued operations, net of tax
 

 
(18,142
)
 

 

 
(18,142
)
Gain from sale of discontinued operations, net of tax
 

 
9,277

 

 

 
9,277

Net income/(loss)
 
97,608

 
159,192

 
(7,148
)
 
(152,253
)
 
97,399

Less: Net loss attributable to noncontrolling interest
 

 

 
(209
)
 

 
(209
)
Net income/(loss) attributable to CoreLogic
 
$
97,608

 
$
159,192

 
$
(6,939
)
 
$
(152,253
)
 
$
97,608

Total other comprehensive income/(loss)
 
5,637

 

 
6,178

 
(6,178
)
 
5,637

Comprehensive income/(loss) attributable to CoreLogic
 
$
103,245

 
$
159,192

 
$
(761
)
 
$
(158,431
)
 
$
103,245

 
 
Condensed Statement of Operations
 
 
For the nine months ended September 30, 2011
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenues
 
$

 
$
907,207

 
$
85,942

 
$

 
$
993,149

External cost of revenues
 

 
207,435

 
4,022

 

 
211,457

Salaries and benefits
 
53,803

 
313,907

 
46,835

 

 
414,545

Other operating expenses
 
5,869

 
182,087

 
21,783

 

 
209,739

Depreciation and amortization
 
2,778

 
67,985

 
13,397

 

 
84,160

(Loss)/income from continuing operations
 
(62,450
)
 
135,793

 
(95
)
 

 
73,248

Total interest expense, net
 
(42,721
)
 
(152
)
 
(905
)
 

 
(43,778
)
Gain on investment and other, net
 
63,362

 
23,339

 
82

 

 
86,783

Provision for income taxes
 
19,990

 
54,385

 
2,454

 

 
76,829

Equity in earnings of affiliates, net of tax
 

 
20,337

 
56

 

 
20,393

Equity in earnings of subsidiary, net of tax
 
9,839

 

 

 
(9,839
)
 

Net (loss)/income from continuing operations, net of tax
 
(51,960
)
 
124,932

 
(3,316
)
 
(9,839
)
 
59,817

Loss from discontinued operations, net of tax
 

 
(111,125
)
 

 

 
(111,125
)
Net (loss)/income
 
(51,960
)
 
13,807

 
(3,316
)
 
(9,839
)
 
(51,308
)
Less: Net income attributable to noncontrolling interest
 
490

 

 
652

 

 
1,142

Net (loss)/income attributable to CoreLogic
 
$
(52,450
)
 
$
13,807

 
$
(3,968
)
 
$
(9,839
)
 
$
(52,450
)
Total other comprehensive (loss)/income
 
(48,327
)
 
(14,244
)
 
(26,498
)
 
40,742

 
(48,327
)
Comprehensive (loss)/income attributable to CoreLogic
 
$
(100,777
)
 
$
(437
)
 
$
(30,466
)
 
$
30,903

 
$
(100,777
)


 
 
Condensed Statement of Cash Flows
 
 
For the nine months ended September 30, 2012
 
 
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
 
$
(15,158
)
 
$
263,740

 
$
10,207

 
$

 
$
258,789

Net cash provided by operating activities - discontinued operations
 

 
9,684

 

 

 
9,684

Total cash (used in)/provided by operating activities
 
$
(15,158
)
 
$
273,424

 
$
10,207

 
$

 
$
268,473

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
 
(1,409
)
 
(27,940
)
 
(9,404
)
 

 
(38,753
)
Purchases of capitalized data and other intangible assets
 

 
(21,537
)
 
(2,517
)
 

 
(24,054
)
Cash paid for acquisitions, net of cash acquired
 

 
111

 

 

 
111

Proceeds from sale of discontinued operations
 

 
10,000

 

 

 
10,000

Proceeds from sale of property and equipment
 

 
1,852

 

 

 
1,852

Proceeds from sale of investments
 

 
8,000

 

 

 
8,000

Change in restricted cash
 

 
(185
)
 
307

 

 
122

Net cash used in investing activities - continuing operations
 
(1,409
)
 
(29,699
)
 
(11,614
)
 

 
(42,722
)
Net cash used in investing activities - discontinued operations
 

 
(1,512
)
 

 

 
(1,512
)
Total cash used in investing activities
 
$
(1,409
)
 
$
(31,211
)
 
$
(11,614
)
 
$

 
$
(44,234
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
 
Repayments of long-term debt
 
(103,018
)
 
(11,251
)
 
(96
)
 

 
(114,365
)
Share repurchased and retired
 
(226,629
)
 

 

 

 
(226,629
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
9,624

 

 

 

 
9,624

Minimum tax withholding paid on behalf of employees for restricted stock units
 
(3,015
)
 

 

 

 
(3,015
)
Distribution to noncontrolling interests
 

 

 
(10
)
 

 
(10
)
Tax benefit related to stock options
 
643

 

 

 

 
643

Other
 
226,159

 
(231,582
)
 
5,423

 

 

Net cash (used in)/provided by financing activities - continuing operations
 
(96,236
)
 
(242,833
)
 
5,317

 

 
(333,752
)
Net cash provided by financing activities - discontinued operations
 

 
3

 

 

 
3

Total cash (used in)/provided by financing activities
 
$
(96,236
)
 
$
(242,830
)
 
$
5,317

 
$

 
$
(333,749
)
Net (decrease)/increase in cash and cash equivalents
 
(112,803
)
 
(617
)
 
3,910

 

 
(109,510
)
Cash and cash equivalents at beginning of period
 
229,871

 
9,106

 
20,289

 

 
259,266

Less: Change in cash and cash equivalents - discontinued operations
 

 
8,175

 

 

 
8,175

Plus: Cash swept from discontinued operations
 
12,971

 

 

 

 
12,971

Cash and cash equivalents at end of period
 
$
130,039

 
$
314

 
$
24,199

 
$

 
$
154,552


 
 
Condensed Statement of Cash Flows
 
 
For the nine months ended September 30, 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
 
$
(110,604
)
 
$
198,806

 
$
(18,326
)
 
$

 
$
69,876

Net cash used in operating activities - discontinued operations
 

 
(14,051
)
 

 

 
(14,051
)
Total cash (used in)/provided by operating activities
 
$
(110,604
)
 
$
184,755

 
$
(18,326
)
 
$

 
$
55,825

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

 

 

 
(72,000
)
Purchases of property and equipment
 
(393
)
 
(29,041
)
 
(4,124
)
 

 
(33,558
)
Purchases of capitalized data and other intangible assets
 

 
(19,872
)
 
(2
)
 

 
(19,874
)
Cash paid for acquisitions, net of cash acquired
 
(215,096
)
 

 
882

 

 
(214,214
)
Proceeds from sale of subsidiary and other decreases in noncontrolling interest, net
 
22,754

 

 

 

 
22,754

Purchases of investments
 
725

 
(27,623
)
 

 

 
(26,898
)
Proceeds from sale of property and equipment
 

 
389

 

 

 
389

Proceeds from sale of investments
 

 
53,847

 

 

 
53,847

Change in restricted cash
 
3,200

 

 
(584
)
 

 
2,616

Net cash used in investing activities - continuing operations
 
(260,810
)
 
(22,300
)
 
(3,828
)
 

 
(286,938
)
Net cash used in investing activities - discontinued operations
 

 
(4,380
)
 

 

 
(4,380
)
Total cash used in investing activities
 
$
(260,810
)
 
$
(26,680
)
 
$
(3,828
)
 
$

 
$
(291,318
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
 
Proceeds from long-term debt
 
750,000

 
54,375

 
53,610

 

 
857,985

Debt issuance costs
 
(21,636
)
 
(444
)
 

 

 
(22,080
)
Repayments of long-term debt
 
(571,412
)
 
(105,804
)
 
(50,483
)
 

 
(727,699
)
Share repurchased and retired
 
(176,512
)
 

 

 

 
(176,512
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
4,448

 

 

 

 
4,448

Minimum tax withholding paid on behalf of employees for restricted stock units
 
(2,023
)
 

 

 

 
(2,023
)
Distribution to noncontrolling interests
 

 
(4,290
)
 
(545
)
 

 
(4,835
)
Tax benefit related to stock options
 
217

 
17

 

 

 
234

Other
 
149,013

 
(141,807
)
 
(7,206
)
 

 

Net cash provided by/(used in) financing activities - continuing operations
 
132,095

 
(197,953
)
 
(4,624
)
 

 
(70,482
)
Net cash provided by financing activities - discontinued operations
 

 
70

 

 

 
70

Total cash provided by/(used in) financing activities
 
$
132,095

 
$
(197,883
)
 
$
(4,624
)
 
$

 
$
(70,412
)
Net decrease in cash and cash equivalents
 
(239,319
)
 
(39,808
)
 
(26,778
)
 

 
(305,905
)
Cash and cash equivalents at beginning of period
 
355,974

 
23,013

 
47,225

 

 
426,212

Less: Change in cash and cash equivalents - discontinued operations
 

 
(18,361
)
 

 

 
(18,361
)
Cash and cash equivalents at end of period
 
$
116,655

 
$
1,566

 
$
20,447

 
$

 
$
138,668