CORELOGIC, INC. CLGX Cash Flow

Corelogic, inc. (CLGX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
33,819	30,082	23,183	-5,572	1,687	12,610	22,451	58,516	28,287	64,709	30,755	41,260	15,438	3,583	35,065	40,422	27,480	38,035	28,528	33,046	29,387	15,030	45,744	16,221	-2,528	-13,125	43,707	43,551	33,542	14,249	38,270	42,592	16,537	-22,321	-107,113	31,732	24,073	-7,671	-83,042	33,444	38,639
Less: Income/(loss) from discontinued operations, net of tax
13	-44	-17,362	-48	-46	-425	-84	-16	-75	-121	-74	78	2,417	-468	-936	-4	-58	-111	-116	-218	-111	-1,434	-4,856	-10,748	385	-3,512	2,658	11,580	3,697	30,529	-10,157	982	-8,967	15,413	-104,220	-8,556	1,651	10,152	-136,201	23,934	18,579
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	3	-2	-1	313	-	-	-	-	-	-	-	-	-	-	-	-	-212	-5,052	0	-1,744	-5,436	12,264	467	-3,454	0	0	0	0	-	-	-	-
Net income from continuing operations
33,806	30,096	40,545	-5,524	1,733	13,022	22,535	58,532	28,362	64,812	30,831	41,183	12,708	5,981	36,001	40,426	27,538	38,146	28,644	33,264	29,498	16,828	50,124	26,969	-2,913	-9,401	46,101	31,971	31,589	-10,844	36,163	41,143	28,958	-37,734	-2,893	40,288	22,422	1,162	53,159	9,510	20,060
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	4,074	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
46,843	45,674	45,717	47,106	49,219	50,048	48,461	47,347	46,140	46,138	45,325	42,871	43,472	45,145	44,498	43,291	39,644	40,688	36,439	37,272	35,978	42,728	35,764	35,366	29,506	29,635	28,402	34,154	34,141	23,674	33,037	30,906	29,491	23,903	34,845	26,278	23,037	22,683	18,595	27,632	25,971
Amortization of debt issuance costs
1,200	1,300	1,200	1,300	1,300	1,300	1,400	1,300	1,400	1,437	1,393	1,430	1,440	1,452	1,367	1,481	1,485	1,323	1,508	1,962	1,466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease assets
3,656	3,726	3,752	3,887	4,036	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debt and claim losses
3,362	3,988	3,969	3,789	3,788	2,354	3,633	4,633	2,847	4,457	4,329	4,181	3,758	7,805	4,137	4,032	2,895	1,932	574	3,142	2,612	1,571	3,296	3,270	3,688	3,287	1,589	3,541	4,928	3,580	5,242	4,707	6,498	-2,079	7,783	5,956	5,424	4,506	6,544	6,419	5,627
Share-based compensation
8,085	9,429	9,108	7,863	9,892	7,622	9,775	11,122	8,677	6,309	8,619	8,772	12,167	9,990	10,541	9,775	9,543	9,367	7,880	9,807	8,732	3,302	6,317	7,749	8,011	6,213	3,977	8,608	8,103	4,541	7,180	4,677	4,354	1,686	3,545	2,868	3,110	2,422	2,583	2,499	6,465
Tax benefit related to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-37	536	551	1,265	229	643	1,066	4,575	13,143	-77	-333	-5,942	8,041	-243	-331	-2,321	-292	-534	-53	-56	-	-	-	-	-	-	-	-
Equity in (earnings)/losses of affiliates, net of taxes
512	58	605	314	-422	-1,416	-161	2,837	233	46	-228	-281	-723	-99	606	79	-90	1,789	3,497	4,668	3,766	3,831	4,032	3,875	2,382	3,513	5,716	9,344	8,788	6,602	8,166	11,745	9,470	10,122	8,340	5,719	6,334	12,048	13,508	8,562	7,523
Gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	10	5	8	8	-115	91	0	0	-	-	-	-	-	-	-	-	-18	27	-1,003	43	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-170	-593	0	0	0	0	0	27	-27	-326	0	0	-10,190	0	-	-	-	-
Deferred income tax
2,092	13,317	-2,351	-12,637	4,346	16,661	1,536	2,493	6,250	-33,731	-13,231	-2,718	8,911	7,930	1,235	3,905	5,143	36,823	-600	-3,091	1,978	9,814	7,833	3,295	44	4,245	138	395	3,342	28,938	4,635	-2,210	3,113	-9,953	-22,986	11,488	14,050	23,897	-30,046	-1	1
Gain (Loss) on Investments
-	-	-	-	-	-	-	2,128	161	-	-3,095	-4,353	935	37,652	-20,057	2,705	-521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,789
Loss/(gain) on investments and other, net
-3,047	-	-	-	734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,356	309	1,417	183	6,993	-4,351	2,670	7,628	395	1,339	8,861	-4,254	-1,252	1,641	-26,033	-4,118	60,040	30,861	-	-	-	-
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable
4,011	3,980	-5,774	33,356	5,489	-18,474	-2,360	12,486	-12,745	-21,177	3,585	13,022	-10,952	-12,346	16,264	15,706	4,767	-8,170	-29,222	40,722	12,070	-6,636	1,188	4,065	-11,768	-43,371	7,494	5,062	6,262	-11,326	20,171	17,794	8,393	-9,161	26,131	-2,382	-6,346	-8,784	12,904	3,059	2,832
Prepaid expenses and other current assets
-3,677	137	943	3,411	2,778	-6,459	1,542	5,311	764	-2,528	-6,575	9,113	-4,952	-11,494	-9,455	16,794	1,332	-3,684	-4,981	-2,101	3,662	-132	716	1,048	-2,863	-2,809	1,233	5,490	-4,027	-3,343	1,204	1,067	-1,945	-2,927	7,105	7,501	5,990	-5,184	-9,196	13,056	-4,089
Accounts payable and other accrued expenses
-8,112	18,319	6,939	-17,297	-7,665	4,080	5,197	-32,221	4,987	-3,948	33,690	-63,104	-11,267	-25,874	18,227	-5,628	-15,992	-36,897	8,190	2,988	-19,570	45,357	-20,043	1,950	-32,264	5,856	17,677	-10,682	-22,181	29,348	29,468	13,161	-10,904	-14,265	-4,889	-10,205	-1,784	2,767	49,195	-30,038	-21,829
Contract liabilities
24,372	30,318	7,300	12,156	173	2,423	-4,714	-10,936	-2,756	10,540	1,362	9,228	15,447	17,868	13,667	13,656	8,491	12,037	9,649	42,460	4,264	19,600	8,779	-3,815	-8,554	4,509	17,602	10,442	15,572	14,497	-1,775	5,903	-7,795	5,153	-381	-10,684	-12,870	8,379	-300	-17,369	-13,253
Due from FAFC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,586	5,973	-21,065	-	-	-	-
Due to FAFC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,426
Income taxes
4,930	-9,030	15,349	4,924	10,966	-8,989	17,551	-9,222	-482	-687	14,089	-11,152	-2,293	-4,241	5,520	17,725	9,736	-34,843	5,427	-996	-2,359	-60,234	4,131	52,579	-7,856	-38,187	-1,234	-14,260	26,138	-40,390	-22,471	27,667	19,487	19,320	53,509	-14,580	21,934	-58,715	4,530	-42,790	41,209
Dividends received from investments in affiliates
185	1,987	0	0	0	0	0	-1	776	0	101	1,097	0	271	1,852	1,738	5,183	3,568	10,028	8,068	8,420	6,159	6,444	21,794	4,258	6,618	6,194	12,632	11,236	24,401	9,046	18,199	19,020	7,714	12,071	11,017	12,127	20,612	26,596	8,688	8,707
Other assets and other liabilities
9,808	2,681	6,559	18,019	4,630	6,832	-379	2,176	7,556	6,778	592	-26,714	4,357	29,331	5,200	7,930	205	-30,126	12,032	1,583	5,393	-36,112	641	20,804	-6,525	2,534	-2,928	3,511	16,113	18,695	-1,072	2,435	5,164	-41,616	5,354	-6,673	8,026	-26,705	23,412	20,763	-11,037
Net cash provided by operating activities - continuing operations
112,847	140,783	127,646	56,013	64,581	102,814	103,889	48,207	100,208	113,528	132,233	40,770	95,678	96,715	143,946	86,628	86,700	76,485	126,537	91,883	41,244	124,850	82,640	116,259	11,844	90,699	102,781	52,668	82,072	77,862	75,722	113,341	69,726	73,867	33,972	14,384	21,520	67,311	81,320	-38,264	53,778
Net cash provided by operating activities - discontinued operations
18	-23,659	-1,148	0	0	-1	0	-6	2	-5	-3	3,688	-25	24	-384	-111	27	-28	-212	-6,362	-1,010	-11,613	-9,534	2,621	4,809	2,031	-6,889	21,455	9,003	16,810	194	14,184	-4,694	33,304	-8,494	-4,444	-1,113	43,491	-6,056	64,936	-60,322
Total cash provided by operating activities
112,865	117,124	126,498	56,013	64,581	102,813	103,889	48,201	100,210	113,523	132,230	44,458	95,653	96,739	143,562	86,517	86,727	76,457	126,325	85,521	40,234	113,237	73,106	118,880	16,653	92,730	95,892	74,123	91,075	94,672	75,916	127,525	65,032	107,171	14,364	18,828	22,633	107,918	87,376	17,444	-6,544
Cash flows from investing activities:
Purchases of subsidiary shares from and other decreases in noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	18,023	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,550	2,067
Purchases of property and equipment
14,312	28,376	18,482	20,694	24,020	21,284	19,642	11,438	9,940	11,974	8,297	11,566	8,671	10,055	7,298	18,048	9,810	14,140	8,513	10,099	11,397	14,903	10,826	12,869	13,427	17,078	17,257	16,360	18,050	12,792	13,814	11,420	13,519	7,595	10,884	12,953	9,721	6,876	17,578	7,104	21,052
Purchases of capitalized data and other intangible assets
9,464	10,576	11,136	9,360	8,947	10,062	6,424	9,045	9,544	9,246	8,542	8,761	8,441	8,295	9,285	8,906	9,021	8,703	8,999	7,463	11,244	9,922	8,674	9,348	7,185	9,046	9,867	9,439	9,489	8,135	8,657	8,438	6,959	7,135	6,716	6,860	6,298	6,453	6,307	6,105	5,949
Cash paid for acquisitions, net of cash acquired
11,760	3	13,239	41	0	78,611	-79	120,523	20,533	-	-	-	-	-	-	-	-	-	-	-	-	22,535	2,300	4,278	665,758	21,145	64,052	-175	7,027	78,465	-111	0	0	1	29,994	156,823	27,397	9,138	-18	108	0
Purchases of investments
631	0	0	658	0	-	-	-	-	-	-	-	-	0	2,751	175	440	0	1,232	2,128	388	0	0	0	0	0	0	0	2,351	0	0	0	0	-500	-1,823	-28	28,749	5,465	-2,805	24,624	0
Cash received from sale of business-lines
0	0	3,027	0	1,082	-67	3,245	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,263	0	10,000	0	0	-	-	-	-	-	-	-	-
Proceeds from maturities of debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,360
Proceeds from sale of property and equipment
-	-	-	-	-	9	1	97	100	19	12	301	3	10	5	8	8	43	94	0	0	-	-	-	-	-	-	-	-	11	20	1,787	45	24,653	389	0	0	-	-	-	-
Proceeds from investments and other
651	0	4,434	0	1,157	3,736	0	0	980	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,774	0	0	53,847	0	0	51,775	-25,389
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,073	-34	117	62	-842	-508	-146	-1,133	949	-86	580	-4,340	-3,635	-2,133	40	36	1	-309	186	525	-2,616	0	0	-	-	-	-
Net cash used in investing activities - continuing operations
-35,516	-38,955	-35,393	-30,753	-30,728	-106,279	-22,741	-140,909	-38,937	-26,583	-135,199	-90,026	-17,109	1,364	-14,805	-423,903	-37,403	-98,007	-137,154	-19,182	-22,883	-46,386	16,677	-26,373	-686,950	-42,929	-87,541	-23,491	-34,694	-99,417	-4,341	-17,762	-20,619	107,971	-20,012	-176,608	-90,318	302,004	-41,859	-42,854	-73,319
Net cash provided by investing activities - discontinued operations
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,536	6	-6	-1	2,116	-166	-87	-3,691	3,233	-4,984	239	-4,326	-1,381	-1,510	-1,489	-14,179	-3,697	93,445	-158,298
Total cash used in investing activities
-35,516	-38,955	-35,393	-30,753	-30,728	-106,279	-22,741	-140,909	-38,937	-26,583	-135,199	-90,026	-17,109	1,364	-14,805	-423,903	-37,403	-98,007	-137,154	-19,182	-22,883	-46,386	18,213	-26,367	-686,956	-42,930	-85,425	-23,657	-34,781	-103,108	-1,108	-22,746	-20,380	103,645	-21,393	-178,118	-91,807	287,825	-45,556	50,591	-231,617
Cash flows from financing activities:
Purchases of redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	72,000	313,847	0	0	72,000
Proceeds from long-term debt
-	-	-	-	-	71,196	0	120,000	95	0	1,925,000	70,000	0	-	-	-	-	0	100,000	14,240	135	0	0	376	689,641	50,572	524	551	0	-	-	-	-	-	-	-	-	209,158	-20,033	653,803	596
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,042	10,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
723	39,800	54,453	1,764,139	25,563	58,610	45,728	23,176	45,722	45,629	1,761,427	17,593	17,641	62,697	545,621	85,835	15,830	35,892	10,921	527	35,551	81,170	62,286	51,396	5,154	150	93	23	4,400	52,350	540	61,578	52,247	5,708	23,080	493,299	211,320	17,488	86,450	589,831	19,874
Proceeds from issuance of shares in connection with share-based compensation
2,932	1,758	1,832	3,801	2,758	1,555	2,019	2,093	15,473	3,265	1,826	2,114	2,390	1,788	3,318	3,505	6,296	3,015	1,445	7,408	10,701	9,477	1,296	1,710	2,730	16,570	4,543	2,498	4,621	3,873	8,856	581	187	-1,361	1,028	1,203	2,217	4,299	252	3,146	3,977
Payment of tax withholdings related to net share settlements
8,051	381	378	716	8,551	235	941	1,150	10,532	414	209	1,158	12,262	963	446	1,920	7,178	805	1,683	950	11,792	31,227	-213	-720	-14,314	15,558	-213	-243	-6,437	-451	-438	-2,577	0	-	-	-	-	-	-	-	-
Shares repurchased and retired
2,431	25,068	32,577	29,030	0	22,035	23,706	44,843	18,479	74,956	91,510	21,113	19,837	82,042	83,835	29,126	0	-	-	-	-	18,694	40,740	25,191	6,850	107,596	57,889	0	75,676	0	197,885	28,744	0	0	0	161,430	15,082	30,171	0	0	0
Contingent consideration payments subsequent to acquisitions
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10	0	220	325	4,290	9,081	5,831	18,007	-5,119
Dividends paid
17,374	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-189	0	22,846
Contingent consideration payments subsequent to acquisitions
0	-	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit related to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-37	536	551	1,265	229	643	1,066	4,575	439	77	333	5,942	2,251	243	331	2,321	292	534	53	56	110	-133	150	217	263	2,050	-410	1,520
Net cash used in financing activities - continuing operations
-25,647	-63,916	-85,588	-29,705	-31,956	-8,129	-68,356	52,924	-59,165	-117,734	59,386	32,250	-47,350	-98,976	-121,608	277,175	-15,447	-33,453	50,774	-43,935	-31,932	-90,681	-101,866	-74,888	657,953	-50,561	-52,885	3,114	-79,571	1,364	-189,473	-92,265	-52,014	-79,520	-22,689	180,465	-228,258	-233,544	-109,823	44,163	-41,746
Net cash provided by financing activities - discontinued operations
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-82	1	1	1	-6	70	0	0	-634	133	8,197	21,391
Total cash used in financing activities
-25,647	-63,916	-85,588	-29,705	-31,956	-8,129	-68,356	52,924	-59,165	-117,734	59,386	32,250	-47,350	-98,976	-121,608	277,175	-15,447	-33,453	50,774	-43,935	-31,932	-90,681	-101,866	-74,888	657,953	-50,561	-52,885	3,114	-79,571	1,282	-189,472	-92,264	-52,013	-79,526	-22,619	180,465	-228,258	-234,178	-109,690	52,360	-20,355
Effect of exchange rate on cash, cash equivalents, and restricted cash
-4,690	-407	611	226	-200	536	660	1,068	311	-1	-331	-179	-814	892	-501	-526	137	-4,575	5,625	1,065	67	-481	-1,047	421	482	-775	1,233	-2,548	-26	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash, cash equivalents, and restricted cash
47,012	13,846	6,128	-4,219	1,697	-11,059	13,452	-38,716	2,419	-30,795	56,086	-13,497	30,380	19	6,648	-60,737	34,014	-59,578	45,570	23,469	-14,514	-24,311	-11,594	18,046	-11,868	-1,536	-41,185	51,032	-23,303	-7,307	-114,664	12,515	-7,361	131,355	-29,648	21,175	-297,432	161,565	-67,870	120,395	-258,516
Less: Change in cash, cash equivalents, and restricted cash - discontinued operations
18	25,955	-1,148	0	0	9	0	-6	2	-7,315	-3	3,688	-25	912	-384	-111	27	15,196	-212	-6,362	-1,010	11,613	7,998	-2,627	-4,803	-2,030	4,773	-39,121	8,916	-29,387	3,428	9,201	-4,454	7,750	-20,919	2,934	-376	-41,590	-2,491	-98,230	130,718
Plus: Cash swept from discontinued operations
18	-23,659	-1,148	0	0	-1	0	-6	2	-5	-3	3,687	-24	24	-384	-111	27	-28	-242	-6,409	-1,467	-10,243	-9,010	2,580	4,477	1,517	-2,683	19,605	8,866	16,510	12,971	0	0	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Cash paid for interest
16,391	18,234	17,809	18,042	17,351	18,431	17,007	17,548	15,553	16,172	13,207	12,308	11,768	13,491	13,895	24,908	6,272	23,711	7,375	23,759	9,834	23,299	6,679	22,553	6,845	19,875	3,231	20,526	2,800	19,975	4,221	22,856	4,776	3,690	34,740	11,572	7,849	4,091	13,972	15,358	4,210
Cash paid for income taxes
2,512	4,124	1,649	7,951	1,958	1,374	1,176	23,242	988	25,995	10,693	33,483	1,526	18,749	9,195	2,446	992	6,837	17,287	14,712	8,947	948	1,421	1,964	1,103	8,867	24,253	36,580	1,355	32,254	30,321	7,609	1,099	1,427	15,484	16,575	2,994	25,535	22,515	6,507	3,451
Cash refunds from income taxes
371	333	751	111	15,950	392	163	191	2,917	8,889	17	203	304	48	74	140	275	178	743	669	2,147	392	43	27,110	0	266	20	54	13,756	2,691	1,245	1,224	13,170	42,855	1,214	102	5,986	1,478	-110	3,129	28,000
Non-cash investing activities:
Capital expenditures included in accounts payable and other accrued expenses
11,980	-334	-5,893	2,710	14,469	-2,169	5,772	4,872	6,267	-757	977	462	4,842	19,003	330	-4,809	8,584	556	1,091	860	3,402	2,051	-336	810	1,967	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment of carrying value of mandatorily redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-3,800	-63	4,530	1,652	5,154
Notes Issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,700	0	0	0	0