CoreLogic Reports Record First Quarter 2021 Revenue, Operating

CoreLogic Reports Record First Quarter 2021 Revenue, Operating Income, Profit Margins and Cash Flow

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)	March 31,			December 31,
Assets	2021			2020
Current assets:
Cash and Cash Equivalents	$	227,102		$	167,422
Accounts receivable (less allowance for credit losses of $8,636 and $9,838 as of March 31, 2021 and December 31, 2020, respectively)	320,609			303,202
Prepaid expenses and other current assets	66,148			82,794
Assets of discontinued operations	166,621			202,417
Total current assets	780,480			755,835
Property and equipment, net	401,552			406,114
Operating lease assets	80,724			82,459
Goodwill, net	2,319,411			2,315,495
Other intangible assets, net	310,226			320,921
Capitalized data and database costs, net	321,528			321,211
Other assets	114,502			81,187
Total assets	$	4,328,423		$	4,283,222
Liabilities and Equity
Current liabilities:
Accounts payable and other accrued expenses	$	208,149		$	177,606
Accrued salaries and benefits	57,698			57,499
Contract liabilities, current	478,074			411,821
Liabilities of discontinued operations	56,339			44,677
Current portion of long-term debt	9,003			43,230
Operating lease liabilities, current	14,833			15,566
Total current liabilities	824,096			750,399
Long-term debt, net of current	1,763,212			1,828,003
Contract liabilities, net of current	631,019			617,318
Deferred income tax liabilities	99,280			91,853
Operating lease liabilities, net of current	97,953			99,966
Other liabilities	156,778			172,421
Total liabilities	3,572,338			3,559,960

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; 73,619 and 73,152 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	1			1
Additional paid-in capital	—			—
Retained earnings	914,622			893,404
Accumulated other comprehensive loss	(158,538		)	(170,143		)
Total stockholders' equity	756,085			723,262
Total liabilities and equity	$	4,328,423		$	4,283,222

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