Black Knight InfoServ 8-K Results of Operations and Financial Condition

Exhibit 99.1

Press Release

Investors:	Media:
Parag Bhansali	Michelle Kersch
(904) 854-8640	(904) 854-5043

Lender Processing Services, Inc. Reports Strong Fourth Quarter Earnings
Year-over-year revenues increase 28.3%
Adjusted EPS of 82 cents per diluted share

     JACKSONVILLE, Fla. — February 8, 2010 — Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today reported consolidated revenues of $608.1 million for the fourth quarter of 2009, an increase of 28.3% compared to the fourth quarter of 2008, and net earnings of $74.9 million or 77 cents per diluted share.

     Adjusted net earnings for the fourth quarter of 2009 were $79.6 million, or 82 cents per diluted share, compared to $60.9 million, or 64 cents per diluted share in the fourth quarter of 2008. Adjusted net earnings in the current quarter include an adjustment for purchase price amortization of 5 cents per diluted share while the prior year quarter included a similar adjustment of 7 cents per diluted share.

     “LPS had a strong fourth quarter despite challenging market conditions and a fragile macro-economic environment. LPS with its market-leading presence and its unique technology-driven solutions for the mortgage and real estate industries, remains well positioned to achieve its growth objectives in 2010 and beyond,” said Lee A. Kennedy, Executive Chairman of LPS. “Our Loan Facilitation business posted record growth as it benefitted from a better year-over-

year origination market while our Default Services business continued to deliver very strong results. Also, our Mortgage Processing and other technology businesses had another outstanding quarter. During 2009, we continued to strengthen our balance sheet and increase our financial flexibility by paying down $262 million in debt,” added Jeff Carbiener, President and CEO of LPS.

     Operating income of $140.9 million in the quarter compared to $121.6 million in the fourth quarter of 2008. Operating margins were below fourth quarter 2008 primarily due to certain one-time benefits in last year’s quarter. Operating margins were however consistent with third quarter of 2009.

     Full year 2009 revenues of $2.4 billion were a solid 29.0% above 2008 while net earnings of $275.7 million in 2009 compared to $230.9 million in the prior year. Adjusted net earnings for full year 2009 of $300.3 million were a record 30.2% higher than pro forma adjusted net earnings in 2008.

     Adjusted free cash flow (net cash provided by operating activities minus certain non-recurring expenses and additions to property, equipment and computer software) for full year 2009 of $349.2 million was well above the $276.5 million for 2008 (which also reflects the impact of pro forma interest expense for the first six months of 2008) primarily due to strong operating results combined with greater efficiency in working capital management.

Technology, Data and Analytics (TD&A)

     Revenues for the segment were $189.4 million compared to $149.1 million in the fourth quarter of 2008 while operating income of $63.5 million compared to $53.5 million in the prior year period. Mortgage Processing revenues of $104.2 million were 17.9% above the fourth quarter of 2008, primarily due to the addition of the JPMorgan Chase portfolio onto our mortgage servicing platform. Other TD&A revenues increased by 40.3% to $85.2 million compared to the same period last year, primarily due to strong growth in Data and Analytics services, our Desktop application, and the impact of the FNRES acquisition completed in the

first quarter of 2009. Excluding the impact of FNRES, Other TD&A revenues were up a strong 23.6%. Overall operating income for TD&A grew mainly due to higher contributions from Mortgage Processing and Data & Analytics.

Loan Transaction Services (LTS)

     Revenues for the segment increased by 28.7% to $421.6 million compared to the fourth quarter of 2008 while operating income of $97.2 million compared to $84.1 million in the prior year quarter. Loan Facilitation Services revenues of $142.9 million were up 70.3% compared to the prior year quarter, primarily due to higher settlement services and increased appraisal volumes. Default Services revenues of $278.6 million increased 14.3% over the fourth quarter of 2008, primarily due to growth in the default market and our ability to continue to gain market share. Overall operating income for LTS was higher mainly due to higher income in loan origination related offerings, such as settlement services and appraisal.

Corporate and Other

     Net corporate expenses were $19.8 million compared to $16.1 million in the fourth quarter of 2008 and were higher primarily due to higher incentive compensation expenses in the current quarter driven by the strong operating results.

     The company announced that its Board of Directors had authorized a share repurchase program of $150 million that replaced the previous authorization of $75 million. The company noted that it had repurchased 1.024 million shares for $39.2 million and $8.0 million of its public bonds under the previous authorization.

Outlook

     “We had an exceptional year in 2009 and while the broader economy and the real estate market in particular remain challenging, LPS has a strong presence in each of its businesses and is well positioned to grow revenue and earnings in 2010,” said Jeff Carbiener. “Building on the

strong 2009 results, we expect first quarter 2010 adjusted earnings to be in the range of 78-80 cents per diluted share. For full year 2010, we expect revenues to grow 8%-10% compared to 2009 and adjusted earnings to be in the $3.49-$3.56 per diluted share range.”

Use of Non-GAAP Financial Information

     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 “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” (adjusted net earnings divided by diluted weighted average shares), “pro forma adjusted net earnings” (adjusted net earnings less pro forma interest expense on our debt facilities for the first six months of 2008 as if such facilities had been outstanding as of January 1, 2008), “pro forma adjusted net earnings per diluted share” (pro forma adjusted net earnings divided by diluted weighted average shares), “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), and “pro forma adjusted free cash flow” (adjusted free cash flow less pro forma interest expense on our debt facilities for the first six months of 2008 as if such facilities had been outstanding as of January 1, 2008). LPS provides these measures because it believes that they are helpful to investors in comparing year-over-year performance in light of our 2008 spin-off from Fidelity National Information Services, Inc. (FIS), 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 net earnings. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.

Conference Call and Webcast

     LPS will host a conference call to discuss these results on Tuesday, February 9, 2010, at 8:00 a.m. Eastern time. Interested parties are invited to listen to the live webcast by logging on to the Investor Relations section at www.lpsvcs.com. Supplemental materials will be available on the website. Those wishing to participate via the conference call may do so by calling 866-823-5035. A replay of the webcast will be available on the website shortly after the call where it will be archived for one month. A replay of the conference call will be available through February 16, 2010 by dialing 888-203-1112 (access code: 6799466).

     To access a printer friendly version of this release and accompanying exhibits, go to http://www.lpsvcs.com/investor.

About Lender Processing Services

     Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (Desktop), servicing, portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). In fact, many of the nation’s top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

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. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: our ability to adapt our services to changes in technology or the marketplace; the impact of adverse changes in the level of real estate activity on demand for certain of our services; the elimination of existing and potential customers as a result of failures and consolidations in the banking and financial services industries; the effects of our substantial leverage on our ability to make acquisitions and invest in our business; changes to the laws, rules and regulations that regulate our 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 our business and reputation; risks associated with protecting information security and privacy; risks associated with our spin-off from Fidelity National Information Services, Inc., including limitations on our strategic and operating flexibility as a result of the tax-free nature of the spin-off; and other risks and uncertainties detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K, the Company’s subsequent reports on Form 10-Q and other filings with the Securities and Exchange Commission.

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Exhibit A

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Earnings
(Unaudited)

				��
	Three months ended December 31,							Year ended December 31,
	2009				2008			2009			2008
	(In thousands)
Processing and services revenues	$	608,133			$	473,921		$	2,370,548		$	1,837,590
Cost of revenues		403,174				294,069			1,571,003			1,176,479
Gross profit		204,959				179,852			799,545			661,111
Selling, general and administrative expenses		64,059				58,298			267,339			229,875
Operating income		140,900				121,554			532,206			431,236
Other income (expense):
Interest income		405				566			1,654			1,605
Interest expense		(19,896	)			(25,306	)		(84,630	)		(49,927	)
Other expense, net		(31	)			(4	)		(248	)		273
Total other income (expense)		(19,522	)			(24,744	)		(83,224	)		(48,049	)
Earnings from continuing operations before income taxes and equity in losses of unconsolidated entity		121,378				96,810			448,982			383,187
Provision for income taxes		46,427				35,455			171,735			146,569
Earnings from continuing operations before equity in losses of unconsolidated entity		74,951				61,355			277,247			236,618
Equity in losses of unconsolidated entity		—				(833	)		(37	)		(4,687	)
Earnings from continuing operations		74,951				60,522			277,210			231,931
Discontinued operation, net of tax		—				(6,045	)		(504	)		158
Net earnings		74,951				54,477			276,706			232,089
Noncontrolling minority interest		(50	)			(148	)		(977	)		(1,201	)
Net earnings attributable to Lender Processing Services, Inc.	$	74,901			$	54,329		$	275,729		$	230,888

Exhibit B

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)

	December 31,			December 31,
	2009			2008
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	70,528		$	125,966
Trade receivables, net of allowance for doubtful accounts		401,333			344,848
Other receivables		3,770			17,393
Due from afflilates		—			2,713
Prepaid expenses and other current assets		26,985			22,030
Deferred income taxes		47,528			40,757
Total current assets		550,144			553,707
Property and equipment, net of accumulated depreciation		113,108			95,542
Computer software, net of accumulated amortization		185,376			157,539
Other intangible assets, net of accumulated amortization		72,796			83,489
Goodwill		1,166,142			1,091,056
Other non-current assets		109,738			122,300
Total assets	$	2,197,304		$	2,103,633
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	40,100		$	145,101
Trade accounts payable		38,166			31,720
Accrued salaries and benefits		54,376			36,492
Recording and transfer tax liabilities		15,208			14,639
Due to affiliates		3,321			1,573
Other accrued liabilities		151,601			101,612
Deferred revenues		66,602			51,628
Total current liabilities		369,374			382,765
Deferred revenues		37,681			40,343
Deferred income taxes, net		65,215			36,557
Long-term debt, net of current portion		1,249,250			1,402,350
Other non-current liabilities		19,926			39,217
Total liabilities		1,741,446			1,901,232
Equity:
Lender Processing Services, Inc. stockholders’ equity:
Preferred stock $0.0001 par value; 50 million shares authorized, none issued at December 31, 2009 or 2008, respectively		—			—
Common stock $0.0001 par value; 500 million shares authorized, 97.0 million and 95.3 million shares issued at December 31, 2009 and 2008, respectively		10			9
Additional paid-in capital		173,424			111,849
Retained earnings		330,963			93,540
Accumulated other comprehensive loss		(7,630	)		(13,667	)
Treasury stock $0.0001 par value; 1,209,920 and 19,870 shares at December 31, 2009 and 2008, respectively		(40,909	)		(582	)
Total Lender Processing Services, Inc. stockholders’ equity		455,858			191,149
Noncontrolling minority interest		—			11,252
Total equity		455,858			202,401
Total liabilities and equity	$	2,197,304		$	2,103,633

Exhibit C

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)

	Year ended December 31,
	2009			2008
	(In thousands)
Cash flows from operating activities:
Net earnings attributable to Lender Processing Services, Inc.	$	275,729		$	230,888
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		97,922			93,416
Amortization of debt issuance costs		5,404			3,002
Gain on sale of discontinued operation		(2,574	)		—
Deferred income taxes, net		25,463			(28	)
Stock-based compensation cost		28,042			21,513
Tax benefit associated with equity compensation		(2,921	)		(533	)
Equity in losses of unconsolidated entity		37			4,687
Noncontrolling minority interest		977			1,201
Changes in assets and liabilities, net of effects of acquisitions:
Trade receivables		(49,602	)		(57,918	)
Other receivables		13,637			(9,423	)
Prepaid expenses and other assets		(11,578	)		11,666
Deferred revenues		11,316			10,501
Accounts payable and other liabilities		51,836			54,888
Net cash provided by operating activities		443,688			363,860
Cash flows from investing activities:
Additions to property and equipment		(40,890	)		(23,012	)
Additions to capitalized software		(57,885	)		(39,276	)
Acquisition of title plants		(17,219	)		—
Acquisitions, net of cash acquired		(31,103	)		(19,938	)
Proceeds from sale of discontinued operation, net of cash distributed		(32,638	)		—
Net cash used in investing activities		(179,735	)		(82,226	)
Cash flows from financing activities:
Borrowings		—			25,700
Debt service payments		(254,497	)		(63,272	)
Stock options exercised		8,098			1,448
Tax benefit associated with equity compensation		2,921			533
Cash dividends paid		(38,306	)		(19,053	)
Capitalized debt issuance costs		—			(25,735	)
Repurchase of minority interests in subsidiary		(6,850	)		—
Net distributions to FIS		—			(114,855	)
Treasury stock purchases		(22,757	)		—
Bond repurchases		(8,000	)		—
Net cash used in financing activities		(319,391	)		(195,234	)
Net (decrease) increase in cash and cash equivalents		(55,438	)		86,400
Cash and cash equivalents, beginning of period		125,966			39,566
Cash and cash equivalents, end of period	$	70,528		$	125,966
Supplemental disclosures of cash flow information:
Cash paid for interest	$	81,698		$	32,330
Cash paid for taxes	$	154,595		$	62,229
Non-cash contribution of stock compensation by FIS	$	—		$	9,120
Non-cash redistribution of assets to FIS	$	434		$	(1,308	)
Non-cash consideration received from sale of discontinued operation	$	40,310		$	—
Non-cash consideration issued in acquisition of business	$	(5,162	)	$	—
Non-cash exchange of FIS note	$	—		$	(1,585,000	)

Exhibit D

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION — UNAUDITED
(In thousands)

	Year ended December 31,						Quarter ended
	2009			2008			12/31/2009			9/30/2009			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
1. Revenues — Continuing Operations
Technology, Data and Analytics (TD&A):
Mortgage Processing	$	387,874		$	334,184		$	104,184		$	102,973		$	89,567		$	91,150		$	88,364		$	83,592		$	82,062		$	80,166
Other TD&A		319,611			231,466			85,247			83,313			82,322			68,729			60,754			55,372			59,682			55,658
Total		707,485			565,650			189,431			186,286			171,889			159,879			149,118			138,964			141,744			135,824
Loan Transaction Services:
Loan Facilitation Services		547,300			431,673			142,919			136,657			148,510			119,214			83,914			87,629			118,091			142,039
Default Services		1,137,313			851,828			278,647			303,823			299,534			255,309			243,736			241,844			197,223			169,025
Total		1,684,613			1,283,501			421,566			440,480			448,044			374,523			327,650			329,473			315,314			311,064
Corporate and Other		(21,550	)		(11,561	)		(2,864	)		(7,339	)		(6,762	)		(4,585	)		(2,847	)		(1,675	)		(3,711	)		(3,328	)
Total Revenue	$	2,370,548		$	1,837,590		$	608,133		$	619,427		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
Revenue Growth from Prior Year Period
Technology, Data and Analytics:
Mortgage Processing		16.1	%		-1.6	%		17.9	%		23.2	%		9.1	%		13.7	%		-4.9	%		2.9	%		-1.4	%		-2.6	%
Other TD&A		38.1	%		0.4	%		40.3	%		50.5	%		37.9	%		23.5	%		14.6	%		-5.5	%		1.5	%		-7.4	%
Total		25.1	%		-0.8	%		27.0	%		34.1	%		21.3	%		17.7	%		2.2	%		-0.6	%		-0.2	%		-4.6	%
Loan Transaction Services:
Loan Facilitation Services		26.8	%		-28.2	%		70.3	%		55.9	%		25.8	%		-16.1	%		-39.6	%		-42.8	%		-28.3	%		-1.3	%
Default Services		33.5	%		80.1	%		14.3	%		25.6	%		51.9	%		51.0	%		68.3	%		97.1	%		89.7	%		66.5	%
Total		31.3	%		19.5	%		28.7	%		33.7	%		42.1	%		20.4	%		15.4	%		19.4	%		17.3	%		26.7	%
Corporate and Other		n/m			n/m			0.6	%		338.1	%		n/m			n/m			n/m			n/m			n/m			n/m
Total Revenue		29.0	%		12.1	%		28.3	%		32.7	%		35.3	%		19.4	%		11.0	%		13.3	%		10.0	%		14.4	%
2. Depreciation and Amortization — Continuing Operations
Depreciation and Amortization	$	61,331		$	51,075		$	15,932		$	15,894		$	15,431		$	14,074		$	13,697		$	12,594		$	11,286		$	13,498
Purchase Price Amortization		30,749			40,018			7,654			7,608			7,404			8,083			10,711			10,627			8,980			9,700
Other Amortization		5,837			2,244			1,713			1,542			753			1,829			596			579			594			475
Total Depreciation and Amortization	$	97,917		$	93,337		$	25,299		$	25,044		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
3. Stock Compensation Expense (1)
Stock Compensation Expense, Excluding Acceleration Charges	$	27,243		$	21,375		$	7,678		$	7,062		$	6,459		$	6,044		$	6,603		$	5,790		$	4,295		$	4,687
Stock Acceleration Expense		799			138			—			—			—			799			—			—			138			—
Total Stock Compensation Expense	$	28,042		$	21,513		$	7,678		$	7,062		$	6,459		$	6,843		$	6,603		$	5,790		$	4,433		$	4,687
4. EBIT — Discontinued Operations (2)
Revenue	$	296		$	24,319		$	—		$	—		$	—		$	296		$	2,204		$	5,916		$	7,033		$	9,166
Cost of Sales		503			6,379			—			—			—			503			1,571			1,521			1,499			1,788
Selling, General and Administrative Expenses		499			8,982			—			—			—			499			1,814			1,837			2,212			3,119
Operating Income		(706	)		8,958			—			—			—			(706	)		(1,181	)		2,558			3,322			4,259
Less Non-recurring Charges:
Restructuring Costs		—			—			—			—			—			—			—			—			—			—
LPS Spin Related Costs		—			—			—			—			—			—			—			—			—			—
Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—			—			—
EBIT, as adjusted	$	(706	)	$	8,958		$	—		$	—		$	—		$	(706	)	$	(1,181	)	$	2,558		$	3,322		$	4,259
Depreciation and Amortization	$	5		$	79		$	—		$	—		$	—		$	5		$	17		$	19		$	20		$	23

(1)	As the Company does not allocate stock compensation expense to the individual business units, there is no related expense associated with the discontinued operation.
(2)	The business unit included in discontinued operations has historically been reported as a component of Loan Facilitation Services in the Loan Transaction Services reporting segment.

Exhibit E

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL INFORMATION — UNAUDITED
(In thousands, except per share data)

	Year ended December 31,						Quarter ended
	2009			2008			12/31/2009			9/30/2009			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
1. EBIT — Continuing Operations
Consolidated
Revenue	$	2,370,548		$	1,837,590		$	608,133		$	619,427		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
Cost of Sales		1,571,003			1,176,479			403,174			409,113			404,014			354,702			294,069			300,560			293,464			288,386
Selling, General and Administrative Expenses		267,339			229,875			64,059			66,671			65,431			71,178			58,298			57,909			58,570			55,098
Operating Income		532,206			431,236			140,900			143,643			143,726			103,937			121,554			108,293			101,313			100,076
Less Non-recurring Charges:
Restructuring Costs		8,186			2,353			—			—			—			8,186			—			—			2,353			—
LPS Spin Related Costs		—			2,963			—			—			—			—			—			—			1,960			1,003
Acceleration of Performance-Based Shares		799			138			—			—			—			799			—			—			138			—
EBIT, as adjusted	$	541,191		$	436,690		$	140,900		$	143,643		$	143,726		$	112,922		$	121,554		$	108,293		$	105,764		$	101,079
EBIT Margin, as adjusted		22.8	%		23.8	%		23.2	%		23.2	%		23.4	%		21.3	%		25.6	%		23.2	%		23.3	%		22.8	%
Depreciation and Amortization	$	97,917		$	93,337		$	25,299		$	25,044		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
Technology, Data and Analytics
Revenue	$	707,485		$	565,650		$	189,431		$	186,286		$	171,889		$	159,879		$	149,118		$	138,964		$	141,744		$	135,824
Cost of Sales		402,411			309,969			107,368			105,651			98,929			90,463			80,482			73,980			81,397			74,110
Selling, General and Administrative Expenses		70,717			64,640			18,571			18,256			17,824			16,066			15,121			15,790			17,471			16,258
Operating Income		234,357			191,041			63,492			62,379			55,136			53,350			53,515			49,194			42,876			45,456
Less Non-recurring Charges:
Restructuring Costs		—			2,178			—			—			—			—			—			—			2,178			—
LPS Spin Related Costs		—			—			—			—			—			—			—			—			—			—
Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—			—			—
EBIT, as adjusted	$	234,357		$	193,219		$	63,492		$	62,379		$	55,136		$	53,350		$	53,515		$	49,194		$	45,054		$	45,456
EBIT Margin, as adjusted		33.1	%		34.2	%		33.5	%		33.5	%		32.1	%		33.4	%		35.9	%		35.4	%		31.8	%		33.5	%
Depreciation and Amortization	$	69,477		$	61,205		$	18,066		$	17,595		$	16,441		$	17,375		$	15,990		$	15,229		$	13,971		$	16,015
Loan Transaction Services										��
Revenue	$	1,684,613		$	1,283,501		$	421,566		$	440,480		$	448,044		$	374,523		$	327,650		$	329,473		$	315,314		$	311,064
Cost of Sales		1,190,238			879,031			298,723			311,230			311,349			268,936			217,242			228,283			215,838			217,668
Selling, General and Administrative Expenses		107,769			105,299			25,681			27,665			27,064			27,359			26,314			26,487			27,154			25,344
Operating Income		386,606			299,171			97,162			101,585			109,631			78,228			84,094			74,703			72,322			68,052
Less Non-recurring Charges:
Restructuring Costs		—			163			—			—			—			—			—			—			163			—
LPS Spin Related Costs		—			—			—			—			—			—			—			—			—			—
Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—			—			—
EBIT, as adjusted	$	386,606		$	299,334		$	97,162		$	101,585		$	109,631		$	78,228		$	84,094		$	74,703		$	72,485		$	68,052
EBIT Margin, as adjusted		22.9	%		23.3	%		23.0	%		23.1	%		24.5	%		20.9	%		25.7	%		22.7	%		23.0	%		21.9	%
Depreciation and Amortization	$	20,310		$	25,132		$	5,281		$	5,295		$	5,126		$	4,608		$	7,028		$	6,651		$	5,290		$	6,163
Corporate and Other
Revenue	$	(21,550	)	$	(11,561	)	$	(2,864	)	$	(7,339	)	$	(6,762	)	$	(4,585	)	$	(2,847	)	$	(1,675	)	$	(3,711	)	$	(3,328	)
Cost of Sales		(21,646	)		(12,521	)		(2,917	)		(7,768	)		(6,264	)		(4,697	)		(3,655	)		(1,703	)		(3,771	)		(3,392	)
Selling, General and Administrative Expenses		88,853			59,936			19,807			20,750			20,543			27,753			16,863			15,632			13,945			13,496
Operating Income		(88,757	)		(58,976	)		(19,754	)		(20,321	)		(21,041	)		(27,641	)		(16,055	)		(15,604	)		(13,885	)		(13,432	)
Less Non-recurring Charges:
Restructuring Costs		8,186			12			—			—			—			8,186			—			—			12			—
LPS Spin Related Costs		—			2,963			—			—			—			—			—			—			1,960			1,003
Acceleration of Performance-Based Shares		799			138			—			—			—			799			—			—			138			—
EBIT, as adjusted	$	(79,772	)	$	(55,863	)	$	(19,754	)	$	(20,321	)	$	(21,041	)	$	(18,656	)	$	(16,055	)	$	(15,604	)	$	(11,775	)	$	(12,429	)
Depreciation and Amortization	$	8,130		$	7,000		$	1,952		$	2,154		$	2,021		$	2,003		$	1,986		$	1,920		$	1,599		$	1,495

Exhibit E

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL INFORMATION — UNAUDITED
(In thousands, except per share data)

	Year ended December 31,						Quarter ended
	2009			2008			12/31/2009			9/30/2009			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
2. Net Earnings — Reconciliation
Net Earnings	$	275,729			230,888		$	74,901		$	75,542		$	75,240		$	50,046		$	54,329		$	51,281		$	63,546		$	61,732
Less Non-recurring Charges:
Restructuring Costs, net of tax		5,055			1,440			—			—			—			5,055			—			—			1,440			—
LPS Spin Related Costs, net of tax		—			1,814			—			—			—			—			—			—			1,200			614
Acceleration of Performance-Based Shares, net of tax		493			84			—			—			—			493			—			—			84			—
Impact of change in tax rate on non-recurring items		—			(223	)		—			—			—			—			(223	)		—			—			—
Net Earnings, excluding non-recurring items		281,277			234,003			74,901			75,542			75,240			55,594			54,106			51,281			66,270			62,346
Pro Forma Interest Expense, net of tax (1)		—			28,131			—			—			—			—			—			—			13,951			14,180
Pro Forma Net Earnings		281,277			205,872			74,901			75,542			75,240			55,594			54,106			51,281			52,319			48,166
Purchase Price Amortization, net of tax (2)		18,987			24,751			4,726			4,698			4,572			4,991			6,815			6,504			5,496			5,936
Pro Forma Adjusted Net Earnings	$	300,264		$	230,623		$	79,627		$	80,240		$	79,812		$	60,585		$	60,921		$	57,785		$	57,815		$	54,102
Pro Forma Net Earnings Per Share	$	2.93		$	2.15		$	0.77		$	0.78		$	0.78		$	0.58		$	0.57		$	0.54		$	0.55		$	0.49
Pro Forma Adjusted Net Earnings Per Share (3)	$	3.12		$	2.41		$	0.82		$	0.83		$	0.83		$	0.64		$	0.64		$	0.61		$	0.61		$	0.55
Pro Forma Diluted Weighted Average Shares (3)		96,152			95,754			96,781			96,399			96,133			95,284			95,126			95,223			95,070			97,597
3. Cashflow — Reconciliation
Cash Flows from Operating Activities:
Net Earnings	$	275,729		$	230,888		$	74,901		$	75,542		$	75,240		$	50,046		$	54,329		$	51,281		$	63,546		$	61,732
Less Non-recurring Charges:
Restructuring Costs, net of tax		4,304			1,440			—			—			—			4,304			—			—			1,440			—
LPS Spin Related Costs, net of tax		—			1,814			—			—			—			—			—			—			1,200			614
Impact of change in tax rate on non-recurring items		—			(223	)		—			—			—			—			(223	)		—			—			—
Net Earnings, excluding non-recurring items		280,033			233,919			74,901			75,542			75,240			54,350			54,106			51,281			66,186			62,346
Pro Forma Interest Expense, net of tax		—			28,131			—			—			—			—			—			—			13,951			14,180
Pro Forma Adjusted Net Earnings		280,033			205,788			74,901			75,542			75,240			54,350			54,106			51,281			52,235			48,166
Adjustments to reconcile net earnings to net cash provided by operating activities:
Non-cash adjustments		152,350			123,258			60,281			32,279			31,700			28,090			30,081			32,420			18,262			42,495
Working capital adjustments		15,609			9,714			13,369			(16,954	)		21,957			(2,763	)		32,158			26,908			(91,474	)		42,122
Net cash provided by operating activities		447,992			338,760			148,551			90,867			128,897			79,677			116,345			110,609			(20,977	)		132,783
Capital expenditures included in investing activities		(98,775	)		(62,288	)		(30,913	)		(19,455	)		(25,836	)		(22,571	)		(23,946	)		(13,205	)		(14,344	)		(10,793	)
Pro Forma Adjusted Net Free Cash Flow	$	349,217		$	276,472		$	117,638		$	71,412		$	103,061		$	57,106		$	92,399		$	97,404		$	(35,321	)	$	121,990

Notes:
(1)	Pro forma interest expense for each of the two quarters in the period ended June 30, 2008 represents the interest expense associated with the $1,610.7 million in debt incurred by us in connection with the spin-off assuming the spin-off occurred on January 1, 2007. Our new bank debt bears interest at a floating rate which we estimate would have been 4.96% on the revolving credit agreement, Term Loan A and Term Loan B based on the one month LIBOR rate on June 30, 2008 (2.46%) plus a spread of 2.5%. Our new senior notes bear interest at a fixed rate of 8.125%. Amortization of capitalized debt issuance costs in connection with the borrowings included in pro forma interest expense total approximately $2.7 million for the six months ended June 30, 2008. These projections also reflect principal paydowns of approximately $36.3 million ($35 million of Term Loan A, $1.3 million of Term Loan B) per quarter under the credit agreement (other than in the first quarter after closing, in which only $1.3 million is payable) and the paydown of the revolver of $25.7 million during the first quarter of 2007.
(2)	Purchase price amortization, net of tax represents the periodic amortization of intangible assets acquired through business acquisitions primarily relating to customer lists, trademarks and non-compete agreements.
(3)	Pro forma earnings per share and pro forma diluted weighted average shares for the quarter ended June 30, 2008 are provided based on the 94,611 shares of Lender Processing Services, Inc. common stock issued to FIS shareholders on the July 2, 2008 spin date along with dilutive common stock equivalents calculated under the treasury stock method using the $33 per share closing price of LPS on July 2, 2008 as the average market price and the number of LPS options and awards issued to our employees per the terms of the spin-off. Pro forma earnings per share and pro forma diluted weighted average shares for all other periods presented above are based on the pro forma diluted shares as included in the Company’s Form 10 filed on June 20, 2008.