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Segment Information
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

We have organized our reportable segments into the following two segments: D&A and TPS.

Data & Analytics. Our D&A segment owns or licenses data assets including loan information, criminal and eviction records, employment verification, property characteristic information, property risk and replacement cost, and information on mortgage-backed securities. We both license our data directly to our customers and provide our customers with analytical products for risk management, insurance underwriting, collateral assessment, loan quality reviews and fraud assessment. We are also a provider of geospatial proprietary software and databases combining geographic mapping and data. Our primary customers are commercial banks, mortgage lenders and brokers, investment banks, fixed-income investors, real estate agents, property and casualty insurance companies, title insurance companies and government-sponsored enterprises.

Our D&A segment includes intercompany revenues of $0.8 million and $3.5 million for the three months ended March 31, 2014 and 2013, respectively. The segment also includes intercompany expenses of $0.2 million and $1.4 million for the three months ended March 31, 2014 and 2013, respectively.

Technology and Processing Solutions. Our TPS segment provides property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions and mortgage-related business process outsourcing. The segment’s primary customers are large, national mortgage lenders and servicers, but we also serve regional mortgage lenders and brokers, credit unions, commercial banks, and government agencies.

Our TPS segment includes intercompany revenues of $0.7 million and $0.7 million for the three months ended March 31, 2014 and 2013, respectively. The segment also includes intercompany expenses of $0.7 million and $3.3 million for the three months ended March 31, 2014 and 2013, respectively.

Corporate consists primarily of investment gains and losses, corporate personnel and other expenses associated with our corporate functions and facilities, equity in earnings of affiliates, net of tax, and interest expense.

It is impracticable to disclose revenues from external customers for each product and service offered.

Selected financial information by reportable segment is as follows:

(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
For the three months ended March 31, 2014
 
Operating Revenues
 
Depreciation and Amortization
 
Operating Income/(Loss)
 
Equity in Earnings/(Loss) of Affiliates, Net of Tax
 
Net Income/(Loss) From Continuing Operations
 
Capital Expenditures
D&A
 
$
142,533

 
$
20,537

 
$
16,674

 
$
(13
)
 
$
16,638

 
$
12,622

TPS
 
169,309

 
5,968

 
23,730

 
3,976

 
27,572

 
2,654

Corporate
 
58

 
2,934

 
(26,751
)
 
(1,581
)
 
(47,821
)
 
5,336

Eliminations
 
(1,483
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
310,417

 
$
29,439

 
$
13,653

 
$
2,382

 
$
(3,611
)
 
$
20,612

 
 
 
 
 
 
 
 
 
 
 
 
 
For the three months ended March 31, 2013
 
 

 
 

 
 
 
 
 
 

 
 

D&A
 
$
145,515

 
$
19,519

 
$
25,252

 
$
637

 
$
26,046

 
$
13,160

TPS
 
189,901

 
6,703

 
49,856

 
13,447

 
63,173

 
4,248

Corporate
 
167

 
7,919

 
(27,773
)
 
(5,296
)
 
(57,630
)
 
10,131

Eliminations
 
(4,282
)
 
—

 
—

 
—

 
—

 
—

Consolidated (excluding discontinued operations)
 
$
331,301

 
$
34,141

 
$
47,335

 
$
8,788

 
$
31,589

 
$
27,539


(in thousands)
 
As of
 
As of
Assets
 
March 31, 2014
 
December 31, 2013
D&A
 
$
2,013,302

 
$
1,325,253

TPS
 
1,172,696

 
1,139,420

Corporate
 
5,149,431

 
4,498,940

Eliminations
 
(4,749,726
)
 
(4,098,281
)
Consolidated (excluding discontinued operations)
 
$
3,585,703

 
$
2,865,332