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Guarantor Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
61,602

 
$
8,733

 
$
34,342

 
$

 
$
104,677

Accounts receivable
 

 
189,138

 
25,206

 

 
214,344

Other current assets
 
55,867

 
120,531

 
5,206

 

 
181,604

Property and equipment, net
 
17,261

 
325,638

 
25,715

 

 
368,614

Goodwill, net
 

 
1,612,388

 
168,370

 

 
1,780,758

Other intangible assets, net
 
290

 
242,170

 
35,810

 

 
278,270

Capitalized data and database cost, net
 

 
254,236

 
79,029

 

 
333,265

Investment in affiliates, net
 

 
103,598

 

 

 
103,598

Deferred income tax assets, long-term
 
49,365

 

 

 
(49,365
)
 

Restricted cash
 
11,035

 

 
1,325

 

 
12,360

Investment in subsidiaries
 
2,350,467

 

 

 
(2,350,467
)
 

Intercompany receivable
 
89,780

 
158,939

 

 
(248,719
)
 

Other assets
 
105,262

 
31,925

 
1,685

 

 
138,872

Total assets
 
$
2,740,929

 
$
3,047,296

 
$
376,688

 
$
(2,648,551
)
 
$
3,516,362

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
123,196

 
$
389,170

 
$
38,224

 
$

 
$
550,590

Long-term debt, net of current
 
1,313,270

 
5,941

 

 

 
1,319,211

Deferred revenue, net of current
 

 
389,302

 
6

 

 
389,308

Deferred income tax liabilities, long term
 

 
91,197

 
22,147

 
(49,365
)
 
63,979

Intercompany payable
 
158,939

 
22,325

 
67,455

 
(248,719
)
 

Other liabilities
 
131,357

 
27,930

 
1,797

 

 
161,084

Redeemable noncontrolling interest
 

 

 
18,023

 

 
18,023

Total CoreLogic stockholders' equity
 
1,014,167

 
2,121,431

 
229,036

 
(2,350,467
)
 
1,014,167

Total liabilities and equity
 
$
2,740,929

 
$
3,047,296

 
$
376,688

 
$
(2,648,551
)
 
$
3,516,362


 
 
Condensed Balance Sheet
 
 
As of December 31, 2013
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
104,310

 
$

 
$
30,109

 
$

 
$
134,419

Accounts receivable
 

 
193,256

 
21,764

 

 
215,020

Other current assets
 
56,877

 
151,066

 
4,228

 
(193
)
 
211,978

Property and equipment, net
 
20,076

 
149,848

 
27,618

 

 
197,542

Goodwill, net
 

 
1,306,471

 
161,819

 

 
1,468,290

Other intangible assets, net
 
348

 
135,326

 
40,134

 

 
175,808

Capitalized data and database cost, net
 

 
249,472

 
80,716

 

 
330,188

Investment in affiliates, net
 

 
95,343

 

 

 
95,343

Deferred income tax assets, long-term
 
58,998

 

 

 
(58,998
)
 

Restricted cash
 
10,335

 
306

 
1,409

 

 
12,050

Investment in subsidiaries
 
2,210,416

 

 

 
(2,210,416
)
 

Intercompany receivable
 
63,647

 
554,894

 
9,170

 
(627,711
)
 

Other assets
 
118,709

 
41,680

 
2,104

 

 
162,493

Total assets
 
$
2,643,716

 
$
2,877,662

 
$
379,071

 
$
(2,897,318
)
 
$
3,003,131

 
 
 
 
 
 
 
 
 
 
 
Liabilities and equity:
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
107,340

 
$
393,738

 
$
33,206

 
$
(193
)
 
$
534,091

Long-term debt, net of current
 
806,395

 
5,381

 

 

 
811,776

Deferred revenue, net of current
 

 
377,846

 
9

 

 
377,855

Deferred income taxes liabilities, long term
 

 
111,664

 
24,303

 
(58,998
)
 
76,969

Intercompany payable
 
564,064

 

 
63,647

 
(627,711
)
 

Other liabilities
 
121,544

 
23,050

 
3,271

 

 
147,865

Redeemable noncontrolling interest
 

 

 
10,202

 

 
10,202

Total CoreLogic stockholders' equity
 
1,044,373

 
1,965,983

 
244,433

 
(2,210,416
)
 
1,044,373

Total liabilities and equity
 
$
2,643,716

 
$
2,877,662

 
$
379,071

 
$
(2,897,318
)
 
$
3,003,131


 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2014
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenue
 
$

 
$
1,263,980

 
$
141,060

 
$

 
$
1,405,040

Intercompany revenue
 

 

 
637

 
(637
)
 

Cost of services (exclusive of depreciation and amortization below)
 

 
686,630

 
53,696

 
(25
)
 
740,301

Selling, general and administrative expenses
 
58,176

 
252,879

 
41,174

 
(612
)
 
351,617

Depreciation and amortization
 
4,836

 
107,002

 
26,556

 

 
138,394

Impairment loss
 

 
4,970

 

 

 
4,970

Operating (loss)/income
 
(63,012
)
 
212,499

 
20,271

 

 
169,758

Total interest expense, net
 
(65,299
)
 
(627
)
 
(1,056
)
 

 
(66,982
)
Gain on investments and other, net
 
5,070

 
(6,278
)
 
5,090

 

 
3,882

(Benefit)/Provision for income taxes
 
(43,448
)
 
73,179

 
39

 

 
29,770

Equity in earnings of affiliates, net of tax
 

 
14,120

 

 

 
14,120

Equity in earnings of subsidiary, net of tax
 
152,993

 

 

 
(152,993
)
 

Net income/(loss) from continuing operations
 
73,200

 
146,535

 
24,266

 
(152,993
)
 
91,008

Loss from discontinued operations, net of tax
 

 
(16,653
)
 

 

 
(16,653
)
(Loss)/gain from sale of discontinued operations, net of tax
 

 
(1,424
)
 
1,536

 

 
112

Net income/(loss)
 
73,200

 
128,458

 
25,802

 
(152,993
)
 
74,467

Less: Net loss attributable to noncontrolling interests
 

 

 
1,267

 

 
1,267

Net income/(loss) attributable to CoreLogic
 
$
73,200

 
$
128,458

 
$
24,535

 
$
(152,993
)
 
$
73,200

 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
73,200

 
$
128,458

 
$
25,802

 
$
(152,993
)
 
$
74,467

Total other comprehensive (loss)/income
 
(30,197
)
 

 
(26,673
)
 
26,673

 
(30,197
)
Less: Comprehensive loss attributable to noncontrolling interests
 

 

 
1,267

 

 
1,267

Comprehensive income/(loss) attributable to CoreLogic
 
$
43,003

 
$
128,458

 
$
(2,138
)
 
$
(126,320
)
 
$
43,003


 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2013
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenue
 
$

 
$
1,303,115

 
$
101,286

 
$

 
$
1,404,401

Intercompany revenue
 

 

 
631

 
(631
)
 

Cost of services (exclusive of depreciation and amortization below)
 

 
679,032

 
38,804

 
(631
)
 
717,205

Selling, general and administrative expenses
 
63,205

 
276,236

 
34,848

 

 
374,289

Depreciation and amortization
 
3,767

 
98,670

 
23,895

 

 
126,332

Impairment loss
 

 
44,433

 

 

 
44,433

Operating (loss)/income
 
(66,972
)
 
204,744

 
4,370

 

 
142,142

Total interest expense, net
 
(45,270
)
 
(2
)
 
(2,330
)
 

 
(47,602
)
Gain on investments and other, net
 
3,785

 
1,250

 
6,997

 

 
12,032

(Benefit)/provision for income taxes
 
(40,392
)
 
72,385

 
1,680

 

 
33,673

Equity in earnings of affiliates, net of tax
 

 
26,566

 
795

 

 
27,361

Equity in earnings of subsidiary, net of tax
 
175,793

 

 

 
(175,793
)
 

Net income from continuing operations
 
107,728

 
160,173

 
8,152

 
(175,793
)
 
100,260

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

 
14,595

 
(172
)
 

 
14,423

(Loss)/gain on sale of discontinued operations, net of tax
 

 
(8,514
)
 
1,506

 

 
(7,008
)
Net income
 
107,728

 
166,254

 
9,486

 
(175,793
)
 
107,675

Less: Net loss attributable to noncontrolling interests
 

 

 
(53
)
 

 
(53
)
Net income attributable to CoreLogic
 
$
107,728

 
$
166,254

 
$
9,539

 
$
(175,793
)
 
$
107,728

 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
107,728

 
$
166,254

 
$
9,486

 
$
(175,793
)
 
$
107,675

Total other comprehensive loss
 
(38,075
)
 

 
(43,337
)
 
43,337

 
(38,075
)
Less: Comprehensive loss attributable to noncontrolling interests
 

 

 
(53
)
 

 
(53
)
Comprehensive income/(loss) attributable to CoreLogic
 
$
69,653

 
$
166,254

 
$
(33,798
)
 
$
(132,456
)
 
$
69,653


 
 
Condensed Statement of Operations
 
 
For the Year Ended December 31, 2012
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Operating revenue
 
$

 
$
1,244,136

 
$
89,343

 
$

 
$
1,333,479

Intercompany revenue
 

 

 
1,955

 
(1,955
)
 

Cost of services (exclusive of depreciation and amortization below)
 

 
636,707

 
34,732

 
(1,955
)
 
669,484

Selling, general and administrative expenses
 
65,637

 
257,650

 
33,318

 

 
356,605

Depreciation and amortization
 
2,937

 
91,173

 
22,998

 

 
117,108

Impairment loss
 

 
19,880

 

 

 
19,880

Operating (loss)/income
 
(68,574
)
 
238,726

 
250

 

 
170,402

Total interest (expense)/income, net
 
(50,222
)
 
88

 
(2,339
)
 

 
(52,473
)
Gain on investments and other, net
 
3,492

 
1,504

 

 

 
4,996

(Benefit)/provision for income taxes
 
(44,908
)
 
102,058

 
6,338

 

 
63,488

Equity in earnings of affiliates, net of tax
 

 
35,153

 
830

 

 
35,983

Equity in earnings of subsidiary, net of tax
 
182,689

 

 

 
(182,689
)
 

Net income/(loss) from continuing operations
 
112,293

 
173,413

 
(7,597
)
 
(182,689
)
 
95,420

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

 
15,298

 
(2,911
)
 

 
12,387

Loss from sale of discontinued operations, net of tax
 

 
3,841

 

 

 
3,841

Net income/(loss)
 
112,293

 
192,552

 
(10,508
)
 
(182,689
)
 
111,648

Less: Net loss attributable to noncontrolling interests
 

 

 
(645
)
 

 
(645
)
Net income/(loss) attributable to CoreLogic
 
$
112,293

 
$
192,552

 
$
(9,863
)
 
$
(182,689
)
 
$
112,293

 
 
 
 
 
 
 
 
 
 
 
Net income/(loss)
 
$
112,293

 
$
192,552

 
$
(10,508
)
 
$
(182,689
)
 
$
111,648

Total other comprehensive income
 
4,802

 

 
5,921

 
(5,921
)
 
4,802

Less: Comprehensive loss attributable to noncontrolling interests
 

 

 
(645
)
 

 
(645
)
Comprehensive income/(loss) attributable to CoreLogic
 
$
117,095

 
$
192,552

 
$
(3,942
)
 
$
(188,610
)
 
$
117,095


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 2014
 
 
Parent
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating/Eliminating Adjustments
 
Total
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities - continuing operations
 
$
9,433

 
$
283,316

 
$
42,844

 
$

 
$
335,593

Net cash used in operating activities - discontinued operations
 

 
(13,717
)
 

 

 
(13,717
)
Total cash provided by operating activities
 
$
9,433

 
$
269,599

 
$
42,844

 
$

 
$
321,876

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 


Purchases of property and equipment
 
$
(1,964
)
 
$
(40,598
)
 
$
(9,463
)
 
$

 
$
(52,025
)
Purchases of capitalized data and other intangible assets
 

 
(30,077
)
 
(5,052
)
 

 
(35,129
)
Cash paid for acquisitions, net of cash acquired
 

 
(665,753
)
 
(29,118
)
 

 
(694,871
)
Cash received from sale of subsidiary, net
 

 
25,366

 

 

 
25,366

Proceeds from sale of property and equipment
 

 
13,937

 

 

 
13,937

Change in restricted cash
 
(700
)
 
306

 
84

 

 
(310
)
Net cash used in investing activities - continuing operations
 
(2,664
)
 
(696,819
)
 
(43,549
)
 

 
(743,032
)
Net cash provided by investing activities - continuing operations
 

 

 
1,536

 

 
1,536

Total cash used in by investing activities
 
$
(2,664
)
 
$
(696,819
)
 
$
(42,013
)
 
$

 
$
(741,496
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 


Proceeds from long-term debt
 
$
690,017

 
$

 
$

 
$

 
$
690,017

Debt issuance costs
 
(14,042
)
 

 

 

 
(14,042
)
Repayments of long-term debt
 
(195,217
)
 
(4,789
)
 

 

 
(200,006
)
Shares repurchased and retired
 
(91,475
)
 

 

 

 
(91,475
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
15,213

 

 

 

 
15,213

Minimum tax withholding paid on behalf of employees for restricted stock units
 
(15,980
)
 

 

 

 
(15,980
)
Tax benefit related to stock options
 
6,791

 

 

 

 
6,791

Intercompany loan payments
 
(610,239
)
 
(179,187
)
 

 
789,426

 

Intercompany loan proceeds
 
179,187

 
606,212

 
4,027

 
(789,426
)
 

Net cash (used in)/provided by financing activities - continuing operations
 
(35,745
)
 
422,236

 
4,027

 

 
390,518

Net cash provided by financing activities - discontinued operations
 

 

 

 

 

Total cash (used in)/provided by financing activities
 
$
(35,745
)
 
$
422,236

 
$
4,027

 
$

 
$
390,518

Effect of Exchange Rate on cash
 

 

 
(625
)
 

 
(625
)
Net decrease in cash and cash equivalents
 
$
(28,976
)
 
$
(4,984
)
 
$
4,233

 
$

 
$
(29,727
)
Cash and cash equivalents at beginning of period
 
104,310

 

 
30,109

 

 
134,419

Less: Change in cash and cash equivalents - discontinued operations
 

 
(13,717
)
 
1,536



 
(12,181
)
Plus: Cash swept (to)/from discontinued operations
 
(13,732
)
 

 
1,536

 

 
(12,196
)
Cash and cash equivalents at end of year
 
$
61,602

 
$
8,733

 
$
34,342

 
$

 
$
104,677


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 2013
 
 
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
 
$
(51,864
)
 
$
354,004

 
$
26,080

 
$

 
$
328,220

Net cash provided by operating activities - discontinued operations
 

 
24,094

 
1,506

 

 
25,600

Total cash (used in)/provided by operating activities
 
$
(51,864
)
 
$
378,098

 
$
27,586

 
$

 
$
353,820

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 


Purchases of property and equipment
 
$
(8,870
)
 
$
(51,660
)
 
$
(8,215
)
 
$

 
$
(68,745
)
Purchases of capitalized data and other intangible assets
 
(348
)
 
(23,171
)
 
(14,322
)
 

 
(37,841
)
Cash paid for acquisitions, net of cash acquired
 

 
(92,591
)
 
542

 

 
(92,049
)
Cash received from sale of discontinued operations
 

 
2,263

 

 

 
2,263

Purchases of investments
 

 
(2,351
)
 

 

 
(2,351
)
Change in restricted cash
 
7,964

 

 
2,104

 

 
10,068

Net cash used in investing activities - continuing operations
 
(1,254
)
 
(167,510
)
 
(19,891
)
 

 
(188,655
)
Net cash provided by investing activities - discontinued operations
 

 
1,862

 

 

 
1,862

Total cash used in investing activities
 
$
(1,254
)
 
$
(165,648
)
 
$
(19,891
)
 
$

 
$
(186,793
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 


Proceeds from long-term debt
 
$
50,000

 
$
1,647

 
$

 
$

 
$
51,647

Debt issuance costs
 

 
(10,436
)
 

 

 
(10,436
)
Repayments of long-term debt
 
(4,375
)
 
(291
)
 

 

 
(4,666
)
Shares repurchased and retired
 
(241,161
)
 

 

 

 
(241,161
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
28,232

 

 

 

 
28,232

Minimum tax withholding paid on behalf of employees for restricted stock units
 
(8,665
)
 

 

 

 
(8,665
)
Tax benefit related to stock options
 
5,146

 

 

 

 
5,146

Intercompany loan payments
 

 
(180,885
)
 
(10,262
)
 
191,147

 

Intercompany loan proceeds
 
191,147

 

 

 
(191,147
)
 

Net cash provided by/(used in) financing activities - continuing operations
 
20,324

 
(189,965
)
 
(10,262
)
 

 
(179,903
)
Net cash provided by financing activities - discontinued operations
 

 

 

 

 

Total cash provided by/(used in) financing activities
 
$
20,324

 
$
(189,965
)
 
$
(10,262
)
 
$

 
$
(179,903
)
Effect of Exchange Rate on cash
 

 

 
(2,116
)
 

 
(2,116
)
Net (decrease)/increase in cash and cash equivalents
 
$
(32,794
)
 
$
22,485

 
$
(4,683
)
 
$

 
$
(14,992
)
Cash and cash equivalents at beginning of period
 
111,305

 
3,471

 
34,792

 

 
149,568

Less: Change in cash and cash equivalents - discontinued operations
 

 
25,956

 
1,506

 

 
27,462

Plus: Cash swept from discontinued operations
 
25,799

 

 
1,506

 

 
27,305

Cash and cash equivalents at end of year
 
$
104,310

 
$

 
$
30,109

 
$

 
$
134,419


 
 
Condensed Statement of Cash Flows
 
 
For the Year Ended December 31, 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
 
$
(60,340
)
 
$
380,064

 
$
16,927

 
$

 
$
336,651

Net cash provided by operating activities - discontinued operations
 

 
26,494

 

 

 
26,494

Total cash (used in)/provided by operating activities
 
$
(60,340
)
 
$
406,558

 
$
16,927

 
$

 
$
363,145

Cash flow from investing activities:
 
 
 
 
 
 
 
 
 


Purchases of property and equipment
 
$
(3,195
)
 
$
(36,897
)
 
$
(11,453
)
 
$

 
$
(51,545
)
Purchases of capitalized data and other intangible assets
 

 
(28,792
)
 
(3,397
)
 

 
(32,189
)
Cash paid for acquisitions, net of cash acquired
 

 
(78,354
)
 

 

 
(78,354
)
Cash received from sale of subsidiary, net
 

 
10,000

 

 

 
10,000

Proceeds from sale of property and equipment
 

 
1,863

 

 

 
1,863

Proceeds from sale of investments
 

 
8,000

 

 

 
8,000

Change in restricted cash
 
(1
)
 
(184
)
 
271

 

 
86

Net cash used in investing activities - continuing operations
 
(3,196
)
 
(124,364
)
 
(14,579
)
 

 
(142,139
)
Net cash used in investing activities - discontinued operations
 

 
(5,203
)
 

 

 
(5,203
)
Total cash used in investing activities
 
$
(3,196
)
 
$
(129,567
)
 
$
(14,579
)
 
$

 
$
(147,342
)
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 


Proceeds from long-term debt
 
$
50,000

 
$

 
$

 
$

 
$
50,000

Repayments of long-term debt
 
(103,368
)
 
(11,020
)
 
(52,327
)
 

 
(166,715
)
Shares repurchased and retired
 
(226,629
)
 

 

 

 
(226,629
)
Proceeds from issuance of stock related to stock options and employee benefit plans
 
13,497

 

 

 

 
13,497

Minimum tax withholding paid on behalf of employees for restricted stock units
 
(3,466
)
 

 

 

 
(3,466
)
Distribution to noncontrolling interests
 

 

 
(10
)
 

 
(10
)
Tax benefit related to stock options
 
935

 

 

 

 
935

Intercompany loan payments
 
(66,765
)
 
(278,231
)
 

 
344,996

 

Intercompany loan proceeds
 
278,231

 

 
66,765

 
(344,996
)
 

Net cash (used in)/provided by financing activities - continuing operations
 
(57,565
)
 
(289,251
)
 
14,428

 

 
(332,388
)
Net cash used in financing activities - discontinued operations
 

 
(79
)
 

 

 
(79
)
Total cash (used in)/provided by financing activities
 
$
(57,565
)
 
$
(289,330
)
 
$
14,428

 
$

 
$
(332,467
)
Effect of Exchange Rate on cash
 

 

 
(153
)
 

 
(153
)
Net (decrease)/increase in cash and cash equivalents
 
$
(121,101
)
 
$
(12,339
)
 
$
16,623

 
$

 
$
(116,817
)
Cash and cash equivalents at beginning of period
 
229,871

 
10,076

 
18,169

 

 
258,116

Less: Change in cash and cash equivalents - discontinued operations
 

 
21,212

 

 

 
21,212

Plus: Cash swept from discontinued operations
 
2,535

 
26,946

 

 

 
29,481

Cash and cash equivalents at end of year
 
$
111,305

 
$
3,471

 
$
34,792

 
$

 
$
149,568