Lender Processing Services Reports Second Quarter 2013 Earnings

       Lender Processing Services Reports Second Quarter 2013 Earnings  Adjusted EPS from continuing operations of $0.65 and free cash flow of $78 million  PR Newswire  JACKSONVILLE, Fla., Aug. 8, 2013  JACKSONVILLE, Fla., Aug. 8, 2013 /PRNewswire/ --Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced second quarter 2013 GAAP net earnings of $19.1 million, or $0.22 per diluted share, compared to a net loss of $37.9 million, or $0.45 per diluted share, in the prior year quarter.  (Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO )  Second Quarter Highlights    oTechnology, Data & Analytics (TD&A) revenue increased 6% over the prior     year   oAdjusted EBITDA margin of 27%   oGAAP EPS from continuing operations of $0.24, reflecting a charge totaling     $0.39 per diluted share primarily for estimated legal and regulatory     contingencies   oAdjusted EPS from continuing operations of $0.65, excluding charge and     reflecting add-back for purchase accounting amortization   oAdjusted free cash flow of $78 million or $0.91 per diluted share  "LPS' solid second quarter operating results demonstrate our ongoing commitment to meeting our customers' technology and service needs in today's complex mortgage market," said Hugh Harris, president and chief executive officer of LPS.  "LPS' positive performance reflects solid demand for Technology Data & Analytics solutions and strong Origination Services volumes as we benefitted from continued low interest rates and elevated refinance activity during most of the quarter," commented chief financial officer Tom Schilling. "As a result of rising mortgage interest rates late in the second quarter 2013, refinance volumes were negatively impacted in June and July. We expect Origination Services revenue to decrease sequentially in the third quarter based on these trends. As we have in prior market cycles, we will continue to rigorously manage expenses to reduce the impact of lower Origination and Default Services transaction volumes on profitability."  Second quarter 2013 revenue was $468.9 million, a decrease of 8.7% from the prior year quarter, due to lower Default Services revenue, partially offset by higher revenue in TD&A and Origination Services. Second quarter 2013 GAAP operating income was $45.1 million, compared to an operating loss of $24.1 million in the prior year quarter. Adjusted operating income in the second quarter 2013 was $98.4 million, a decrease of 18.3% from $120.4 million in the prior year quarter, primarily due to a decline in Default Services. Second quarter 2013 adjusted net earnings from continuing operations were $0.65 per diluted share compared to $0.79 per diluted share in the prior year quarter.  Adjusted results from continuing operations in the second quarter 2013 exclude a pre-tax charge of $53.3 million, or $0.39 per diluted share, including $0.35 per share for estimated legal and regulatory contingencies and $0.04 per share primarily for transaction costs associated with the pending merger with Fidelity National Financial, Inc. and severance costs resulting from cost reduction initiatives. Adjusted results from continuing operations in the second quarter 2012 exclude a pre-tax charge of $144.5 million, or $1.19 per diluted share, for estimated legal and regulatory contingencies. Adjusted net earnings from continuing operations also include an add-back for purchase accounting amortization of $0.01 per diluted share in the current quarter and $0.02 per diluted share in the second quarter 2012.  Net cash provided by operating activities for the second quarter of 2013 was $104.0 million, compared to $127.8 million in the prior year period, while adjusted free cash flow for the second quarter of 2013 was $77.7 million, compared to $114.9 million in the prior year period. On an adjusted basis, the decrease was primarily due to lower earnings and reduced contributions from working capital, primarily accounts receivable. Adjusted free cash flow is defined as net cash provided by operating activities minus certain non-recurring expenses and additions to property, equipment and computer software.  The company ended the second quarter 2013 with cash of $142.5 million and credit facility availability of $398.1 million. The legal and regulatory accrual was $88.6 million at the end of the second quarter 2013.  Technology, Data and Analytics (TD&A) Revenue for the second quarter increased 5.8% from the prior year to $194.0 million. Revenue from Servicing Technology increased 5.4% primarily due to higher loan counts and revenue per loan. Origination Technology revenue increased 14.7% primarily due to higher origination volumes and contributions from the LendingSpace platform acquired in July 2012. Default Technology revenue decreased 1.8% reflecting lower foreclosure referral volumes and Data and Analytics revenue increased 13.3% primarily due to higher demand for loan products data and predictive analytics. Adjusted operating income increased 6.5% to $59.6 million in the second quarter 2013 primarily due to increased operating leverage and favorable revenue mix.  Transaction Services Revenue for the second quarter decreased 16.8% from the prior year period to $274.9 million. Origination Services revenue increased 4.4% to $157.4 million primarily as a result of higher refinance volumes due to historically low interest rates resulting in increased title, escrow and flood revenue. Default Services revenue decreased 34.6% from the prior year period to $117.4 million primarily as a result of lower foreclosure activity reflecting a decline in seriously delinquent mortgages as the U.S. economy and housing market strengthened, delays in processing foreclosure volumes resulting from new regulatory requirements, as well as strategic actions to align risk and return resulting in the non-renewal of certain contracts. Adjusted operating income was $51.1 million, a decrease of 33.3% from the prior year period primarily due to lower Default Services revenue and reduced operating leverage.  Corporate and Other Adjusted net corporate expenses in the second quarter 2013 were $12.3 million, flat with the prior year period.   Outlook Based on the current environment, the company expects third quarter 2013 revenue to be in the range of $415 million to $435 million and adjusted net earnings per diluted share from continuing operations to be in the range of $0.51 to $0.55. The expected sequential decrease in revenue and net earnings per share is primarily a result of lower Origination Services revenue due to higher interest rates leading to a decline in refinance volumes.  Merger Agreement On May 28, 2013, LPS and Fidelity National Financial, Inc. (NYSE: FNF) executed an Agreement and Plan of Merger pursuant to which LPS would be acquired by FNF. The agreement was approved by the Board of Directors and is subject to customary closing conditions. Those conditions include the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the approval of LPS and FNF stockholders and approvals from applicable federal and state regulators.  Conference Call Due to the pending acquisition by Fidelity National Financial, Inc., LPS will not host a conference call.  About Lender Processing Services LPS (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.  These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS' servicing solutions include MSP, the industry's leading loan-servicing platform, which is used to service approximately 50 percent of all U.S. mortgages by dollar volume. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries. Lender Processing Services is a Fortune 1000 company headquartered in Jacksonville, Fla. For more information, please visitwww.lpsvcs.com.  Use of Non-GAAP Financial Information U.S. Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, LPS reports several non-GAAP measures, including "EBITDA" (GAAP operating income plus depreciation and amortization); "EBITDA, as adjusted" (EBITDA adjusted for the impact of certain non-recurring adjustments, if applicable); "adjusted operating income" (GAAP operating income adjusted for the impact of certain non-recurring adjustments, if applicable); "adjusted net earnings" (GAAP net earnings adjusted for the impact of certain non-recurring adjustments, if applicable, plus the after-tax purchase price amortization of intangible assets added through acquisitions); "adjusted net earnings per diluted share" or "adjusted EPS per diluted share" (adjusted net earnings divided by diluted weighted average shares); and "adjusted free cash flow" (net cash provided by operating activities less additions to property, equipment and computer software, as well as non-recurring adjustments, if applicable). LPS provides these measures because it believes that they are helpful to investors in comparing year-over-year performance in light of certain non-recurring and other charges, and to better understand our financial performance, competitive position and future prospects. Non-GAAP measures should be considered in conjunction with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.  Forward-Looking Statements This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical facts, including statements about our beliefs and expectations. Forward-looking statements are based on management's beliefs, as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the ability to consummate the proposed transaction with Fidelity National Financial, Inc. ("FNF"); the ability to obtain requisite regulatory and stockholder approval and the satisfaction of other conditions to the consummation of the proposed transaction with FNF; the ability of FNF to successfully integrate LPS' operations and employees and realize anticipated synergies and cost savings; the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers and competitors; FNF and LPS are subject to intense competition and increased competition is expected in the future; LPS' ability to adapt its services to changes in technology or the marketplace; the impact of changes in the level of real estate activity (including, among others, loan originations, and refinancings in particular, and foreclosures) on demand for certain of LPS' services; LPS' ability to maintain and grow its relationship with its customers; the effects of LPS' substantial leverage on its ability to make acquisitions and invest in its business; the level of scrutiny being placed on participants in the foreclosure business; risks associated with federal and state enforcement proceedings, inquiries and examinations currently underway or that may be commenced in the future with respect to LPS' default management operations, and with civil litigation relating to these matters; changes to the laws, rules and regulations that regulate LPS' businesses as a result of the current economic and financial environment; changes in general economic, business and political conditions, including changes in the financial markets; the impact of any potential defects, development delays, installation difficulties or system failures on LPS' business and reputation; and risks associated with protecting information security and privacy. Additional information concerning these and other factors can be found in LPS' filings with the Securities and Exchange Commission ("SEC"), includingits most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.LPS assumes no obligation to update the information in this communication, except as otherwise required by law.Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof and LPS undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.                                                                       Exhibit A LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited)                             Three months ended June   Six months ended June                             30,                       30,                             2013         2012         2013         2012                             (In thousands, except per share data) Revenues                    $         $        $        $                                 468,880     513,377      940,541      999,171 Expenses:  Operating expenses         343,841      369,513      690,000      738,187  Depreciation and           26,652       23,453       52,726       47,367  amortization  Legal and regulatory       47,641       144,476      51,566       144,476  charges  Exit costs, impairments    5,626        --           1,701        --  and other charges    Total expenses           423,760      537,442      795,993      930,030    Operating income         45,120       (24,065)     144,548      69,141    (loss) Other income (expense):  Interest income            565          454          1,144        902  Interest expense           (13,083)     (16,455)     (26,597)     (32,857)  Other income, net          282          74           291          159    Total other income       (12,236)     (15,927)     (25,162)     (31,796)    (expense)    Earnings (loss) from    continuing operations    32,884       (39,992)     119,386      37,345    before income taxes Provision (benefit) for     12,162       (4,878)      44,168       23,968 income taxes    Net earnings (loss)    from continuing          20,722       (35,114)     75,218       13,377    operations Loss from discontinued      (1,638)      (2,766)      (2,204)      (4,136) operations, net of tax Net earnings (loss)         $        $        $       $                                  19,084      (37,880)    73,014        9,241 Net earnings (loss) per     $       $       $       $      share-- diluted from        0.24       (0.42)      0.88       0.16 continuing operations Net loss per share-- diluted from discontinued   (0.02)       (0.03)       (0.02)       (0.05) operations Net earnings (loss) per     $       $       $       $      share-- diluted             0.22       (0.45)      0.86       0.11 Weighted average shares     85,560       84,578       85,359       84,680 outstanding-- diluted    LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited)                                                     June 30,   December 31,                                                     2013       2012                                                     (In thousands) Assets Current assets:  Cash and cash equivalents                          $       $   236,241                                                     142,490  Trade receivables, net of allowance for doubtful   248,210    274,783  accounts  Other receivables                                  5,806      3,800  Income tax receivable                              17,503     --  Prepaid expenses and other current assets          42,739     41,541  Deferred income taxes                              88,213     127,742      Total current assets                           544,961    684,107 Property and equipment, net                         122,398    126,633 Computer software, net                              262,431    245,271 Other intangible assets, net                        20,161     23,670 Goodwill                                            1,109,304  1,109,304 Other non-current assets                            279,322    256,849      Total assets                                   $        $  2,445,834                                                     2,338,577 Liabilities and Stockholders' Equity Current liabilities:  Current portion of long-term debt                  $      $                                                            26,750    --  Trade accounts payable                             45,373     38,901  Accrued salaries and benefits                      77,175     107,984  Legal and regulatory accrual                       88,578     223,149  Other accrued liabilities                          140,137    169,458  Deferred revenues                                  58,144     58,868      Total current liabilities                      436,157    598,360 Deferred revenues                                   23,325     24,987 Deferred income taxes, net                          194,314    174,303 Long-term debt, net of current portion              1,041,375  1,068,125 Other non-current liabilities                       32,862     37,163      Total liabilities                              1,728,033  1,902,938 Stockholders' equity:  Preferred stock $0.0001 par value; 50 million  shares authorized, none issued      at June 30, 2013 and December 31, 2012         --         --  Common stock $0.0001 par value; 500 million  shares authorized, 97.4 million      shares issued at June 30, 2013 and December    10         10      31, 2012  Additional paid-in capital                         245,297    250,016  Retained earnings                                  749,876    694,148  Accumulated other comprehensive loss               (2,983)    (3,079)  Treasury stock at cost; 12.1 million and 12.5 million shares  at June 30, 2013 and      December 31, 2012, respectively                (381,656)  (398,199)      Total stockholders' equity                     610,544    542,896      Total liabilities and stockholders' equity     $        $  2,445,834                                                     2,338,577                                                                       Exhibit C LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited)                                                  Six months ended June 30,                                                  2013              2012                                                  (In thousands) Cash flows from operating activities:  Net earnings                                    $             $                                                       73,014           9,241  Adjustments to reconcile net earnings to net    cash provided by operating activities:     Depreciation and amortization                52,710            48,889     Amortization of debt issuance costs          2,091             2,231     Asset impairment charges                     785               3,688     Gain on sale of discontinued operations      --                (8,321)     Deferred income taxes, net                   59,086            (15,415)     Stock-based compensation cost                13,653            12,348     Income tax effect of equity compensation     (533)             1,034     Changes in assets and liabilities, net of     effects of acquisitions:        Trade receivables                         26,484            26,911        Other receivables                         (2,006)           (2,296)        Income tax receivable                     (17,503)          --        Prepaid expenses and other assets         (10,847)          (14,053)        Deferred revenues                         (2,385)           7,752        Accounts payable, accrued liabilities     (188,073)         145,877        and other liabilities            Net cash provided by operating        6,476             217,886            activities Cash flows from investing activities:  Additions to property and equipment             (12,619)          (11,989)  Additions to capitalized software               (42,819)          (37,988)  Purchases of investments, net of proceeds from  (10,039)          (8,728)  sales  Acquisition of title plants and property        (15,482)          (22,613)  records data  Proceeds from sales of discontinued operations, --                18,706  net of cash distributed            Net cash used in investing            (80,959)          (62,612)            activities Cash flows from financing activities:  Debt service payments                           --                (71,457)  Exercise of stock options and restricted stock  (1,829)           (2,734)  vesting  Income tax effect of equity compensation        533               (1,034)  Dividends paid                                  (17,020)          (16,913)  Payment of contingent consideration related to  (952)             (2,000)  acquisitions            Net cash used in financing            (19,268)          (94,138)            activities            Net (decrease) increase in cash and   (93,751)          61,136            cash equivalents Cash and cash equivalents, beginning of period   236,241           77,355 Cash and cash equivalents, end of period         $    142,490  $                                                                       138,491 Supplemental disclosures of cash flow information:  Cash paid for interest                          $             $                                                      26,087           29,378  Cash paid for taxes                             $            $                                                      6,483            21,589                                                                                                      Exhibit D LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES SUPPLEMENTAL FINANCIAL INFORMATION-- UNAUDITED (In thousands)                   YEAR-TO-DATE        QUARTER                                                     YEAR ENDED                   Q2-2013   Q2-2012   Q2-2013   Q1-2013   Q4-2012   Q3-2012   Q2-2012   Q1-2012   12/31/2012     Revenues-- 1.  Continuing     Operations     Technology,     Data and     Analytics:      Technology   $         $         $         $         $         $         $         $         $                     354,690  329,805  177,265  177,425  174,110  173,985  168,515  161,290  677,900       Servicing   232,931   219,635   117,264   115,667   114,818   111,572   111,284   108,351   446,025       Technology       Default     70,048    65,627    33,425    36,623    34,762    36,163    34,051    31,576    136,552       Technology       Origination 51,711    44,543    26,576    25,135    24,530    26,250    23,180    21,363    95,323       Technology      Data and     32,940    28,794    16,735    16,205    15,202    15,009    14,767    14,027    59,005      Analytics       Total       387,630   358,599   194,000   193,630   189,312   188,994   183,282   175,317   736,905     Transaction     Services:      Origination  321,858   297,491   157,433   164,425   173,934   154,057   150,741   146,750   625,482      Services      Default      230,988   345,079   117,427   113,561   137,783   154,394   179,618   165,461   637,256      Services       Total       552,846   642,570   274,860   277,986   311,717   308,451   330,359   312,211   1,262,738     Corporate     65        (1,998)   20        45        --        6         (264)     (1,734)   (1,992)      Total        $         $         $         $         $         $         $         $         $      Revenue      940,541  999,171  468,880  471,661  501,029  497,451  513,377  485,794  1,997,651     Revenue     Growth from     Prior Year     Period     Technology,     Data and     Analytics:      Technology   7.5%      8.5%      5.2%      10.0%     8.0%      11.2%     10.4%     6.6%      9.1%       Servicing   6.1%      6.1%      5.4%      6.8%      7.2%      4.0%      7.3%      4.9%      5.9%       Technology       Default     6.7%      12.5%     -1.8%     16.0%     3.0%      28.3%     16.6%     8.3%      13.5%       Technology       Origination 16.1%     15.4%     14.7%     17.7%     20.3%     25.3%     17.1%     13.7%     19.2%       Technology      Data and     14.4%     -3.4%     13.3%     15.5%     6.3%      7.8%      -2.6%     -4.2%     1.7%      Analytics       Total       8.1%      7.5%      5.8%      10.4%     7.8%      11.0%     9.2%      5.7%      8.4%     Transaction     Services:      Origination  8.2%      26.7%     4.4%      12.0%     14.8%     15.7%     42.4%     13.8%     20.4%      Services      Default      -33.1%    -16.1%    -34.6%    -31.4%    -26.0%    -19.9%    -9.4%     -22.4%    -19.4%      Services       Total       -14.0%    -0.6%     -16.8%    -11.0%    -7.7%     -5.3%     8.6%      -8.8%     -3.6%     Corporate     n/m       n/m       n/m       n/m       n/m       n/m       n/m       n/m       n/m      Total        -5.9%     2.3%      -8.7%     -2.9%     -2.1%     0.6%      9.1%      -4.1%     0.7%      Revenue     Revenue Growth from     Sequential Period     Technology,     Data and     Analytics:      Technology   7.5%      8.5%      -0.1%     1.9%      0.1%      3.2%      4.5%      0.0%      9.1%       Servicing   6.1%      6.1%      1.4%      0.7%      2.9%      0.3%      2.7%      1.2%      5.9%       Technology       Default     6.7%      12.5%     -8.7%     5.4%      -3.9%     6.2%      7.8%      -6.4%     13.5%       Technology       Origination 16.1%     15.4%     5.7%      2.5%      -6.6%     13.2%     8.5%      4.7%      19.2%       Technology      Data and     14.4%     -3.4%     3.3%      6.6%      1.3%      1.6%      5.3%      -1.9%     1.7%      Analytics       Total       8.1%      7.5%      0.2%      2.3%      0.2%      3.1%      4.5%      -0.1%     8.4%     Transaction     Services:      Origination  8.2%      26.7%     -4.3%     -5.5%     12.9%     2.2%      2.7%      -3.2%     20.4%      Services      Default      -33.1%    -16.1%    3.4%      -17.6%    -10.8%    -14.0%    8.6%      -11.2%    -19.4%      Services       Total       -14.0%    -0.6%     -1.1%     -10.8%    1.1%      -6.6%     5.8%      -7.6%     -3.6%     Corporate     n/m       n/m       n/m       n/m       n/m       n/m       n/m       n/m       n/m      Total        -5.9%     2.3%      -0.6%     -5.9%     0.7%      -3.1%     5.7%      -5.1%     0.7%      Revenue                                                                                                            Exhibit E LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES NON-GAAP FINANCIAL INFORMATION-- UNAUDITED (In thousands, except per share data)                     YEAR-TO-DATE         QUARTER                                                        YEAR ENDED                     Q2-2013   Q2-2012    Q2-2013   Q1-2013    Q4-2012   Q3-2012   Q2-2012    Q1-2012    12/31/2012     Operating 1.  Results--     Continuing     Operations     Consolidated       Revenues      $       $         $       $        $        $       $        $        $                      940,541  999,171   468,880   471,661   501,029  497,451  513,377   485,794   1,997,651       Operating       Income        144,548   69,141     45,120    99,428     51,935    111,859   (24,065)   93,206     232,935       (Loss), as       reported       Adjustments:         Legal,         Regulatory  53,267    144,476    53,267    --         58,401    --        144,476    --         202,877         and Other         Charges (1)       Operating       Income, as    197,815   213,617    98,387    99,428     110,336   111,859   120,411    93,206     435,812       adjusted       Depreciation       and           52,726    47,367     26,652    26,074     25,136    24,241    23,453     23,914     96,744       Amortization       EBITDA, as    $       $         $       $        $        $       $        $        $         adjusted      250,541  260,984   125,039   125,502   135,472  136,100  143,864   117,120   532,556           Operating           Margin,   21.0%     21.4%      21.0%     21.1%      22.0%     22.5%     23.5%      19.2%      21.8%           as           adjusted           EBITDA           Margin,   26.6%     26.1%      26.7%     26.6%      27.0%     27.4%     28.0%      24.1%      26.7%           as           adjusted     Technology,     Data and     Analytics       Revenues      $       $         $       $        $        $       $        $        $                       387,630  358,599   194,000   193,630   189,312  188,994  183,282   175,317   736,905       Operating       Income, as    119,710   108,078    59,506    60,204     51,971    58,318    56,003     52,075     218,367       reported       Adjustments:         Legal,         Regulatory  115       --         115       --         2,827     --        --         --         2,827         and Other         Charges (1)       Operating       Income, as    119,825   108,078    59,621    60,204     54,798    58,318    56,003     52,075     221,194       adjusted       Depreciation       and           41,212    36,543     20,880    20,332     19,730    18,726    17,997     18,546     74,999       Amortization       EBITDA, as    $       $         $      $       $       $      $       $       $         adjusted      161,037  144,621   80,501    80,536    74,528   77,044   74,000    70,621    296,193           Operating           Margin,   30.9%     30.1%      30.7%     31.1%      28.9%     30.9%     30.6%      29.7%      30.0%           as           adjusted           EBITDA           Margin,   41.5%     40.3%      41.5%     41.6%      39.4%     40.8%     40.4%      40.3%      40.2%           as           adjusted     Transaction     Services       Revenues      $       $         $       $        $        $       $        $        $                      552,846  642,570   274,860   277,986   311,717  308,451  330,359   312,211   1,262,738       Operating       Income, as    101,033   128,853    50,516    50,517     65,892    65,651    76,603     52,250     260,396       reported       Adjustments:         Legal,         Regulatory  575       --         575       --         1,531     --        --         --         1,531         and Other         Charges (1)       Operating       Income, as    101,608   128,853    51,091    50,517     67,423    65,651    76,603     52,250     261,927       adjusted       Depreciation       and           9,702     8,808      4,842     4,860      4,498     4,531     4,408      4,400      17,837       Amortization       EBITDA, as    $       $         $      $       $       $      $       $       $         adjusted      111,310  137,661   55,933    55,377    71,921   70,182   81,011    56,650    279,764           Operating           Margin,   18.4%     20.1%      18.6%     18.2%      21.6%     21.3%     23.2%      16.7%      20.7%           as           adjusted           EBITDA           Margin,   20.1%     21.4%      20.3%     19.9%      23.1%     22.8%     24.5%      18.1%      22.2%           as           adjusted     Corporate and     Other                     $      $        $      $      $      $      $      $       $          Revenues            (1,998)            45                  (264)    (1,734)   (1,992)                     65                   20                  --        6       Operating       Loss, as      (76,195)  (167,790)  (64,902)  (11,293)   (65,928)  (12,110)  (156,671)  (11,119)   (245,828)       reported       Adjustments:         Legal,         Regulatory  52,577    144,476    52,577    --         54,043    --        144,476    --         198,519         and Other         Charges (1)       Operating       Loss, as      (23,618)  (23,314)   (12,325)  (11,293)   (11,885)  (12,110)  (12,195)   (11,119)   (47,309)       adjusted       Depreciation       and           1,812     2,016      930       882        908       984       1,048      968        3,908       Amortization       EBITDA, as    $      $         $       $        $       $      $       $        $         adjusted      (21,806)  (21,298)  (11,395)  (10,411)  (10,977)  (11,126)  (11,147)   (10,151)  (43,401)                                                                                                     Exhibit E -                                                                                                  Continued LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES NON-GAAP FINANCIAL INFORMATION-- UNAUDITED (In thousands, except per share data)                          YEAR-TO-DATE         QUARTER                                                      YEAR ENDED                          Q2-2013    Q2-2012   Q2-2013   Q1-2013    Q4-2012   Q3-2012   Q2-2012   Q1-2012   12/31/2012 2.  Net Earnings--     Reconciliation      Net Earnings (Loss) $      $      $      $       $      $      $      $      $                             73,014     9,241    19,084   53,930    2,814    58,304   (37,880)  47,121   70,359      Adjustments--      Continuing      Operations:           Legal,           Regulatory and 33,559     100,624   33,559    --         34,676    --        100,624   --        135,300           Other Charges,           net (1)            Total            Adjustments   33,559     100,624   33,559    --         34,676    --        100,624   --        135,300            to Continuing            Operations      Adjustments--      Discontinued      Operations:           Impairment,           Restructuring  1,079      --        1,079     --         2,494     --        --        --        2,494           and Disposal           Charges, net            Total            Adjustments            to            1,079      --        1,079     --         2,494     --        --        --        2,494            Discontinued            Operations      Adjustments--      Non-operating:           Debt           Refinancing    --         --        --        --         15,445    --        --        --        15,445           Charges, net           (2)           Income Tax           Adjustments    --         --        --        --         5,621     --        --        --        5,621           (3)            Total            Non-operating --         --        --        --         21,066    --        --        --        21,066            Adjustments      Net Earnings, as    107,652    109,865   53,722    53,930     61,050    58,304    62,744    47,121    229,219      adjusted      Purchase Accounting      Amortization, net   2,479      4,154     912       1,567      1,712     1,712     1,733     2,421     7,578      (4)      Adjusted Net        $       $        $      $       $       $      $      $      $        Earnings            110,131    114,019  54,634   55,497    62,762   60,016   64,477   49,542   236,797      Adjusted EPS--     $      $      $      $      $      $      $      $      $          Continuing            1.31    1.39            0.66     0.74                            2.85      Operations                               0.65                          0.72     0.79     0.60      Adjusted EPS --      Discontined         (0.02)     (0.04)    (0.01)    (0.01)     --        (0.01)    (0.03)    (0.01)    (0.05)      Operations      Adjusted EPS--     $      $      $      $      $      $      $      $      $          Consolidated          1.29    1.35            0.65     0.74                            2.80                                               0.64                          0.71     0.76     0.59      Diluted Weighted    85,359     84,680    85,560    85,144     85,106    84,948    84,578    84,567    84,857      Average Shares 3.  Cash Flow--     Reconciliation      Cash Flows from      Operating      Activities:           Net Earnings   $      $      $      $       $      $      $      $      $              (Loss)         73,014     9,241    19,084   53,930    2,814    58,304   (37,880)  47,121   70,359           Adjustments to           reconcile net           earnings to            net cash            provided by            operating            activities:              Non-cash    127,792    44,454    37,379    90,413     24,978    49,196    7,022     37,432    118,628              adjustments              Working              capital     (194,330)  164,191   47,554    (241,884)  103,100   (21,816)  158,693   5,498     245,475              adjustments               Net cash               provided               by (used   6,476      217,886   104,017   (97,541)   130,892   85,684    127,835   90,051    434,462               in)               operating               activities           Capital           expenditures           included in    (55,438)   (49,977)  (27,298)  (28,140)   (41,131)  (22,220)  (26,258)  (23,719)  (113,328)           investing           activities           Free Cash Flow (48,962)   167,909   76,719    (125,681)  89,761    63,464    101,577   66,332    321,134           Payment of           Legal,           Regulatory and 176,132    15,688    947       175,185    2,491     5,746     13,335    2,353     23,925           Other Charges,           net (5)      Adjusted Free Cash  $       $        $      $       $       $      $       $      $        Flow                127,170    183,597  77,666   49,504    92,252   69,210   114,912  68,685   345,059      Adjusted Free Cash  $      $      $      $      $      $      $      $      $          Flow Per Diluted      1.49    2.17            0.58     1.08                            4.07      Share                                    0.91                          0.82     1.36     0.81      Diluted Weighted    85,359     84,680    85,560    85,144     85,106    84,948    84,578    84,567    84,857      Average Shares      Notes:      (1)  Reflects the impact of charges taken for various legal and regulatory matters, costs associated with the           pending merger with Fidelity National Financial, Inc., and asset and facility lease impairment charges.      (2)  Charge related to the refinancing of our bonds and senior credit facilities during 2012.      (3)  Reflects the impact of favorable tax true-ups from fiscal 2011 recognized in 2012 offset by non-cash           adjustments related to equity forfeitures from severance and restructuring initiatives.      (4)  Purchase accounting amortization, net represents the periodic amortization of intangible assets acquired           through business acquisitions primarily relating to customer lists, trademarks and non-compete agreements.      (5)  Reflects the impact of payments, less applicable taxes, for adjustments included in item 2. "Net Earnings -           Reconciliation" of the GAAP to non-GAAP reconciliation.  SOURCE Lender Processing Services, Inc.  Website: http://www.lpsvcs.com Contact: Investors: Nancy Murphy, (904) 854-8640, nancy.murphy@lpsvcs.com; or Media, Michelle Kersch, (904) 854-5043, michelle.kersch@lpsvcs.com