CoreLogic Delivers Strong Second Quarter Revenue and Profit

CoreLogic Delivers Strong Second Quarter Revenue and Profit Growth and Record Free Cash Flow; Raises Full-year 2020 Financial Guidance

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Please refer to the full Form 10-Q filing for the complete financial statements and related notes that are an integral part of the financial statements.

CoreLogic, Inc. Condensed Consolidated Balance Sheets (Unaudited)

(in thousands, except par value)	June 30,		December 31,
Assets	2020		2019
Current assets:
Cash and cash equivalents	$	137,286	$	105,185
Accounts receivable (less allowance for credit losses of $8,007 and $7,161 as of June 30, 2020 and December 31, 2019, respectively)	290,199		281,392
Prepaid expenses and other current assets	68,991		59,972
Total current assets	496,476		446,549
Property and equipment, net	440,015		451,021
Operating lease assets	59,571		65,825
Goodwill, net	2,400,412		2,396,096
Other intangible assets, net	351,055		378,818
Capitalized data and database costs, net	327,936		327,078
Investment in affiliates, net	11,839		16,666
Other assets	76,087		76,604
Total assets	$	4,163,391	$	4,158,657
Liabilities and Equity
Current liabilities:
Accounts payable and other accrued expenses	$	185,355	$	173,989
Accrued salaries and benefits	67,039		86,598
Contract liabilities, current	362,702		321,647
Current portion of long-term debt	2,504		56,022
Operating lease liabilities, current	17,855		18,058
Total current liabilities	635,455		656,314
Long-term debt, net of current	1,566,292		1,610,538
Contract liabilities, net of current	589,744		563,246
Deferred income tax liabilities	85,280		110,396
Operating lease liabilities, net of current	76,411		85,139
Other liabilities	208,086		181,814
Total liabilities	3,161,268		3,207,447

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; 79,459 and 78,972 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	1		1
Additional paid-in capital	120,029		111,000
Retained earnings	1,099,154		1,006,992
Accumulated other comprehensive loss	(217,061)		(166,783)
Total stockholders' equity	1,002,123		951,210
Total liabilities and equity	$	4,163,391	$	4,158,657

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