A replay of the webcast will be available on the CoreLogic investor website for 10 days and through the conference call number 1-877-344-7529 for U.S. participants, 855-669-9658 for Canada participants or 1-412-317-0088 for international participants using Conference ID 10116326.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The Company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed solutions. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Safe Harbor / Forward Looking Statements

Certain statements made in this press release are forward-looking statements within the meaning of the federal securities laws, including but not limited to those statements related to the Company's productivity excellence, the Company's overall financial performance, including future revenue and profit growth, and the Company's margin, tax rate and cash flow profile; and the Company's plans to continue to return capital to shareholders through the share repurchase program. Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the risks and uncertainties set forth in Part I, Item 1A of our most recent Annual Report on Form 10-K, as amended or updated by our Quarterly Reports on Form 10-Q. These additional risks and uncertainties include but are not limited to: limitations on access to or increase in prices for data from external sources, including government and public record sources; changes in applicable government legislation, regulations and the level of regulatory scrutiny affecting our customers or us, including with respect to consumer financial services and the use of public records and consumer data; compromises in the security of our data, including the transmission of confidential information or systems interruptions; difficult conditions in the mortgage and consumer lending industries and the economy generally; our ability to protect proprietary rights; our cost reduction program, technology and growth strategies and our ability to effectively and efficiently implement them; risks related to the outsourcing of services and international operations; our indebtedness and the restrictions in our various debt agreements; our ability to realize the anticipated benefits of certain acquisitions and/or divestitures and the timing thereof; the inability to control the operations or dividend policies of our partially-owned affiliates; and impairments in our goodwill or other intangible assets. The forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Use of Non-GAAP (Generally Accepted Accounting Principles) Financial Measures

This press release contains certain non-GAAP financial measures which are provided only as supplemental information. Investors should consider these non-GAAP financial measures only in conjunction with the most directly comparable GAAP financial measures. These non-GAAP measures are not in accordance with or a substitute for U.S. GAAP. The Company is not able to provide a reconciliation of projected adjusted EBITDA or projected adjusted earnings per share to respective GAAP results due to the unknown effect, timing and potential significance of special charges or gains.

The Company believes that its presentation of non-GAAP measures, such as adjusted EBITDA, adjusted EPS and FCF, provides useful supplemental information to investors and management regarding the Company's financial condition and results. Adjusted EBITDA is defined as net income from continuing operations adjusted for interest, taxes, depreciation and amortization, stock compensation, non-operating gains/losses and other adjustments. Adjusted EPS is defined as income from continuing operations, net of tax per diluted share, adjusted for stock compensation, amortization of acquisition-related intangibles, non-operating gains/losses, and other adjustments; tax affected at an assumed effective tax rate of 35% and 36% for 2017 and 2016, respectively. The Company's projected 2018 effective tax rate of 26%, to be included in adjusted EPS, reflects expected benefits from the Tax Reform Act. FCF is defined as net cash provided by continuing operating activities less capital expenditures for purchases of property and equipment, capitalized data and other intangible assets. Other firms may calculate non-GAAP measures differently than CoreLogic, which limits comparability between companies.

CORELOGIC, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED
				For the Three Months Ended								For the Twelve Months Ended
				December 31,								December 31,
(in thousands, except per share amounts)				2017				2016				2017				2016
Operating revenues				$	454,157			$	474,914			$	1,851,117			$	1,952,557
Cost of services (exclusive of depreciation and amortization)				229,537				258,360				974,851				1,043,937
Selling, general and administrative expenses				113,117				113,813				459,842				458,102
Depreciation and amortization				46,137				45,145				177,806				172,578
Total operating expenses				388,791				417,318				1,612,499				1,674,617
Operating income				65,366				57,596				238,618				277,940
Interest expense:
Interest income				209				1,132				1,532				3,052
Interest expense				18,004				14,354				63,356				63,392
Total interest expense, net				(17,795		)		(13,222		)		(61,824		)		(60,340		)
Loss on early extinguishment of debt				—				(2,188		)		(1,775		)		(26,624		)
Tax indemnification release				—				(23,350		)		—				(23,350		)
Impairment loss on investment in affiliates				(3,412		)		(23,431		)		(3,811		)		(23,431		)
Gain/(loss) on investments and other, net				2,023				13,216				(2,316		)		19,779
Income from continuing operations before equity in earnings/(losses) of affiliates and income taxes				46,182				8,621				168,892				163,974
(Benefit)/provision for income taxes				(18,588		)		2,540				18,172				54,524
Income from continuing operations before equity in earnings/(losses) of affiliates				64,770				6,081				150,720				109,450
Equity in earnings/(losses) of affiliates, net of tax				46				(99		)		(1,186		)		496
Net income from continuing operations				64,816				5,982				149,534				109,946
(Loss)/income from discontinued operations, net of tax				(106		)		(468		)		2,315				(1,466		)
(Loss)/gain from sale of discontinued operations, net of tax				—				(1,930		)		313				(1,930		)
Net income				$	64,710			$	3,584			$	152,162			$	106,550
Basic income per share:
Net income from continuing operations				$	0.79			$	0.07			$	1.79			$	1.26
(Loss)/income from discontinued operations, net of tax				—				(0.01		)		0.03				(0.02		)
(Loss)/gain from sale of discontinued operations, net of tax				—				(0.02		)		—				(0.02		)
Net income				$	0.79			$	0.04			$	1.82			$	1.22
Diluted income per share:
Net income from continuing operations				$	0.78			$	0.07			$	1.75			$	1.23
(Loss)/income from discontinued operations, net of tax				—				(0.01		)		0.03				(0.02		)
(Loss)/gain from sale of discontinued operations, net of tax				—				(0.02		)		—				(0.02		)
Net income				$	0.78			$	0.04			$	1.78			$	1.19
Weighted-average common shares outstanding:
Basic				81,656				85,534				83,499				87,502
Diluted				83,539				87,289				85,234				89,122
Please refer to the full Form 10-K filing for the complete financial statements and related notes that are an integral part of the financial statements.

CORELOGIC, INC.
CONSOLIDATED BALANCE SHEETS
UNAUDITED
(in thousands, except par value)
Assets				2017				2016
Current assets:
Cash and cash equivalents				$	118,804			$	72,031
Accounts receivable (less allowances of $8,229 and $8,857 in 2017 and 2016, respectively)				256,595				269,229
Prepaid expenses and other current assets				46,837				43,060
Income tax receivable				7,649				6,905
Assets of discontinued operations				383				662
Total current assets				430,268				391,887
Property and equipment, net				447,659				449,199
Goodwill, net				2,250,599				2,107,255
Other intangible assets, net				475,613				478,913
Capitalized data and database costs, net				329,403				327,921
Investment in affiliates, net				38,989				40,809
Deferred income tax assets, long-term				366				1,516
Restricted cash				7,565				17,943
Other assets				96,951				92,091
Total assets				$	4,077,413			$	3,907,534
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses				$	143,849			$	168,284
Accrued salaries and benefits				93,717				107,234
Deferred revenue, current				303,948				284,622
Current portion of long-term debt				70,046				105,158
Liabilities of discontinued operations				1,806				3,123
Total current liabilities				613,366				668,421
Long-term debt, net of current				1,683,524				1,496,889
Deferred revenue, net of current				504,900				487,134
Deferred income tax liabilities, long-term				102,571				120,063
Other liabilities				165,176				132,043
Total liabilities				3,069,537				2,904,550
Equity:
CoreLogic, Inc.'s ("CoreLogic") stockholders' equity:
Preferred stock, $0.00001 par value; 500 shares authorized, no shares issued or outstanding				—				—
Common stock, $0.00001 par value; 180,000 shares authorized; 80,885 and 84,368 shares issued and outstanding as of December 31, 2017 and 2016, respectively				1				1
Additional paid-in capital				224,455				400,452
Retained earnings				877,111				724,949
Accumulated other comprehensive loss				(93,691		)		(122,418		)
Total CoreLogic stockholders' equity				1,007,876				1,002,984
Total liabilities and equity				$	4,077,413			$	3,907,534
Please refer to the full Form 10-K filing for the complete financial statements and related notes that are an integral part of the financial statements.

CORELOGIC, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
UNAUDITED
				For the Twelve Months Ended
				December 31,
(in thousands)				2017				2016
Cash flows from operating activities:
Net income				$	152,162			$	106,550
Less: Income/(loss) from discontinued operations, net of tax				2,315				(1,466		)
Less: Gain/(loss) from sale of discontinued operations, net of tax				313				(1,930		)
Net income from continuing operations				149,534				109,946
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation and amortization				177,806				172,578
Amortization of debt issuance costs				5,650				5,785
Provision for bad debt and claim losses				16,725				18,869
Share-based compensation				35,867				39,849
Tax benefit related to stock options				—				(2,315		)
Equity in losses/(earnings) of affiliates, net of taxes				1,186				(496		)
Gain on sale of property and equipment				(246		)		(31		)
Loss on early extinguishment of debt				1,775				26,624
Deferred income tax				(40,769		)		18,213
Impairment loss on investment in affiliates				3,811				23,431
Tax indemnification release				—				23,350
Loss/(gain) on investments and other, net				2,316				(19,779		)
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable				15,522				(24,391		)
Prepaid expenses and other current assets				4,942				2,823
Accounts payable and accrued expenses				(44,629		)		(29,267		)
Deferred revenue				36,577				53,682
Income taxes				(43		)		28,740
Dividends received from investments in affiliates				1,198				9,044
Other assets and other liabilities				12,708				(42,652		)
Net cash provided by operating activities - continuing operations				379,930				414,003
Net cash provided by/(used in) operating activities - discontinued operations				3,655				(444		)
Total cash provided by operating activities				$	383,585			$	413,559
Cash flows from investing activities:
Purchases of subsidiary shares from and other decreases in noncontrolling interests				$	—			$	(18,023	)
Purchases of property and equipment				(40,508		)		(45,211		)
Purchases of capitalized data and other intangible assets				(34,990		)		(35,507		)
Cash paid for acquisitions, net of cash acquired				(189,923		)		(396,941		)
Purchases of investments				(5,900		)		(3,366		)
Proceeds from sale of marketable securities				—				21,819
Proceeds from sale of property and equipment				335				31
Proceeds from sale of investments				1,000				2,451
Change in restricted cash				7,947				(7,017		)
Net cash used in investing activities - continuing operations				(262,039		)		(481,764		)
Net cash provided by investing activities - discontinued operations				—				—
Total cash used in investing activities				$	(262,039	)		$	(481,764	)
Cash flows from financing activities:
Proceeds from long-term debt				$	1,995,000			$	962,000
Debt issuance costs				(14,294		)		(6,314		)
Debt extinguishment premium				—				(16,271		)
Repayment of long-term debt				(1,842,290		)		(709,983		)
Shares repurchased and retired				(207,416		)		(195,003		)
Proceeds from issuance of shares in connection with share-based compensation				9,595				14,907
Minimum tax withholdings related to net share settlements				(14,043		)		(10,507		)
Tax benefit related to stock options				—				2,315
Net cash (used in)/provided by financing activities - continuing operations				(73,448		)		41,144
Net cash used in financing activities - discontinued operations				—				—
Total cash (used in)/provided by financing activities				$	(73,448	)		$	41,144
Effect of exchange rate on cash				(1,325		)		2
Net change in cash and cash equivalents				$	46,773			$	(27,059	)
Cash and cash equivalents at beginning of year				72,031				99,090
Less: Change in cash and cash equivalents of discontinued operations				3,655				(444		)
Plus: Cash swept from/(to) discontinued operations				3,655				(444		)
Cash and cash equivalents at end of year				$	118,804			$	72,031
Please refer to the full Form 10-K filing for the complete financial statements and related notes that are an integral part of the financial statements.

CORELOGIC, INC.
RECONCILIATION OF ADJUSTED EBITDA
UNAUDITED
				For the Three Months Ended December 31, 2017
(in thousands)				PIRM				UWS				Corporate				Elim				CoreLogic
Net income/(loss) from continuing operations				$	28,025			$	54,752			$	(17,961	)		$	—			$	64,816
Income taxes				—				—				(18,558		)		—				(18,558		)
Depreciation and amortization				25,077				15,374				5,686				—				46,137
Interest expense, net				323				104				17,368				—				17,795
Share-based compensation				1,428				543				4,338				—				6,309
Non-operating (gains)/losses				(4,839		)		548				2,272				—				(2,019		)
Efficiency investments				—				—				10				—				10
Transaction costs				—				779				1,287				—				2,066
Amortization of acquired intangibles included in equity in losses of affiliates				156				—				—				—				156
Adjusted EBITDA				$	50,170			$	72,100			$	(5,558	)		$	—			$	116,712

				For the Three Months Ended December 31, 2016
(in thousands)				PIRM				UWS				Corporate				Elim				CoreLogic
Net income/(loss) from continuing operations				$	29,986			$	39,020			$	(63,024	)		$	—			$	5,982
Income taxes				—				—				2,627				—				2,627
Depreciation and amortization				25,101				15,706				4,338				—				45,145
Interest expense, net				569				400				12,253				—				13,222
Share-based compensation				2,186				2,468				5,337				—				9,991
Non-operating (gains)/losses				(7,474		)		17,870				28,075				—				38,471
Efficiency investments				—				—				(15		)		—				(15		)
Transaction costs				9				—				25				—				34
Amortization of acquired intangibles included in equity in losses of affiliates				156				567				—				—				723
Adjusted EBITDA				$	50,533			$	76,031			$	(10,384	)		$	—			$	116,180

				For the Year Ended December 31, 2017
(in thousands)				PIRM				UWS				Corporate				Elim				CoreLogic
Net income/(loss) from continuing operations				$	86,988			$	222,928			$	(160,382	)		$	—			$	149,534
Income taxes				—				—				17,438				—				17,438
Depreciation and amortization				99,558				57,397				20,851				—				177,806
Interest expense				1,721				944				59,159				—				61,824
Share-based compensation				5,952				5,990				23,925				—				35,867
Non-operating losses				12,341				9,606				6,568				—				28,515
Efficiency investments				—				2,220				1,604				—				3,824
Transaction costs				—				779				3,747				—				4,526
Amortization of acquired intangibles included in equity in earnings of affiliates				625				204				—				—				829
Adjusted EBITDA				$	207,185			$	300,068			$	(27,090	)		$	—			$	480,163

				For the Year Ended December 31, 2016
(in thousands)				PIRM				UWS				Corporate				Elim				CoreLogic
Net income/(loss) from continuing operations				$	105,349			$	237,767			$	(233,170	)		—				$	109,946
Income taxes				—				—				55,537				—				55,537
Depreciation and amortization				101,196				53,823				17,559				—				172,578
Interest expense				2,393				1,709				56,238				—				60,340
Share-based compensation				9,782				8,557				21,510				—				39,849
Non-operating (gains)/losses				(7,475		)		17,874				42,783				—				53,182
Efficiency investments				—				—				1,446				—				1,446
Transaction costs				39				2,709				4,111				—				6,859
Amortization of acquired intangibles included in equity in earnings of affiliates				625				2,265				—				—				2,890
Adjusted EBITDA				$	211,909			$	324,704			$	(33,986	)		$	—			$	502,627

CORELOGIC, INC.
RECONCILIATION OF ADJUSTED EPS
UNAUDITED
				For the Three Months Ended December 31,
(diluted income per share)				2017				2016
Net income from continuing operations				$	0.78			$	0.07
Share-based compensation				0.08				0.11
Non-operating (gains)/losses				(0.02		)		0.44
Transaction costs				0.02				—
Depreciation and amortization of acquired software and intangibles				0.22				0.19
Amortization of acquired intangibles included in equity in losses of affiliates				—				0.01
Income tax effect on adjustments				(0.53		)		(0.26		)
Adjusted EPS				$	0.55			$	0.56

				For the Year Ended December 31,
				2017				2016
Net income from continuing operations				$	1.75			$	1.23
Share-based compensation				0.42				0.45
Non-operating losses				0.33				0.60
Efficiency investments				0.04				0.02
Transaction costs				0.05				0.08
Depreciation and amortization of acquired software and intangibles				0.82				0.72
Amortization of acquired intangibles included in equity in earnings of affiliates				0.01				0.03
Income tax effect on adjustments				(1.05		)		(0.71		)
Adjusted EPS				$	2.37			$	2.42

CORELOGIC, INC.
RECONCILIATION TO FREE CASH FLOW
UNAUDITED
(in thousands)				For the Year Ended December 31, 2017
Net cash provided by operating activities - continuing operations				$	379,930
Purchases of property and equipment				(40,508		)
Purchases of capitalized data and other intangible assets				(34,990		)
Free Cash Flow				$	304,432

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