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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Agency revenues $ 2,892,449 $ 2,345,673 $ 6,245,439 $ 5,127,174
Merchant revenues 620,290 596,503 1,608,189 1,637,191
Advertising and other revenues 177,813 160,725 540,945 459,627
Total revenues 3,690,552 3,102,901 8,394,573 7,223,992
Cost of revenues 101,489 155,619 356,242 511,568
Gross profit 3,589,063 2,947,282 8,038,331 6,712,424
Operating expenses:        
Performance advertising 1,040,149 784,729 2,740,821 2,176,963
Brand advertising 72,792 67,858 254,958 219,543
Sales and marketing 124,865 93,069 322,710 269,536
Personnel, including stock-based compensation of $54,074, $58,274, $175,050 and $172,446, respectively 347,610 305,329 988,615 853,469
General and administrative 114,586 109,706 340,273 308,829
Information technology 36,389 28,830 104,974 81,347
Depreciation and amortization 78,745 69,054 229,328 201,730
Impairment of goodwill 940,700 0 940,700 0
Total operating expenses 2,755,836 1,458,575 5,922,379 4,111,417
Operating income 833,227 1,488,707 2,115,952 2,601,007
Other income (expense):        
Interest income 24,218 14,682 65,857 39,315
Interest expense (55,480) (41,436) (152,664) (116,462)
Foreign currency transactions and other (4,431) (5,783) (15,362) (12,070)
Impairment of cost-method investments 0 0 (63,208) 0
Total other expense (35,693) (32,537) (165,377) (89,217)
Earnings before income taxes 797,534 1,456,170 1,950,575 2,511,790
Income tax expense 291,517 259,438 489,496 464,699
Net income $ 506,017 $ 1,196,732 $ 1,461,079 $ 2,047,091
Net income applicable to common stockholders per basic common share $ 10.24 $ 23.67 $ 29.49 $ 39.87
Weighted-average number of basic common shares outstanding 49,420 50,550 49,548 51,344
Net income applicable to common stockholders per diluted common share $ 10.13 $ 23.41 $ 29.19 $ 39.40
Weighted-average number of diluted common shares outstanding 49,975 51,130 50,048 51,952