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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Agency revenues $ 2,566,293   $ 4,679,632  
Agency revenues   $ 2,332,371   $ 4,117,684
Merchant revenues 709,864   1,236,331  
Merchant revenues   498,133   940,178
Advertising and other revenues 260,937 194,052 549,332 386,098
Total revenues 3,537,094 3,024,556 6,465,295 5,443,960
Cost of revenues   67,425   147,826
Gross profit   2,957,131   5,296,134
Operating expenses:        
Performance marketing 1,141,893 1,151,343 2,248,100 2,133,515
Brand marketing 123,734 130,321 225,136 211,139
Sales and other expenses 203,593 121,915 369,393 231,514
Personnel, including stock-based compensation of $74,540, $66,879, $145,945 and $125,827, respectively 522,250 385,708 1,021,137 736,738
General and administrative 158,753 143,882 320,892 279,429
Information technology 58,950 44,831 119,391 84,776
Depreciation and amortization 106,666 85,872 209,756 169,302
Total operating expenses 2,315,839 2,063,872 4,513,805 3,846,413
Operating income 1,221,255 893,259 1,951,490 1,449,721
Other (expense) income:        
Interest income 45,690 36,821 92,569 68,813
Interest expense (64,837) (60,942) (135,072) (116,659)
Net unrealized gains on marketable equity securities 21,849 0 76,363 0
Foreign currency transactions and other (15,046) (6,021) (23,102) (11,148)
Total other (expense) income (12,344) (30,142) 10,758 (58,994)
Earnings before income taxes 1,208,911 863,117 1,962,248 1,390,727
Income tax expense 231,539 142,908 377,666 214,895
Net income $ 977,372 $ 720,209 $ 1,584,582 $ 1,175,832
Net income applicable to common stockholders per basic common share $ 20.34 $ 14.66 $ 32.87 $ 23.92
Weighted-average number of basic common shares outstanding 48,055 49,131 48,202 49,161
Net income applicable to common stockholders per diluted common share $ 20.13 $ 14.39 $ 32.42 $ 23.49
Weighted-average number of diluted common shares outstanding 48,550 50,056 48,877 50,049