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
 
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