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CONSOLIDATED AND COMBINED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 303,116 $ 181,717 $ 853,249 $ 513,173
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 14,015 7,999 42,313 22,391
Selling and marketing expense 136,412 130,866 416,187 337,654
General and administrative expense 82,154 129,088 238,112 217,962
Product development expense 15,309 20,010 44,751 32,529
Depreciation 6,100 3,491 18,170 9,705
Amortization of intangibles 15,611 2,768 47,695 6,885
Total operating costs and expenses 269,601 294,222 807,228 627,126
Operating income (loss) 33,515 (112,505) 46,021 (113,953)
Interest expense—third party (3,132) 0 (8,797) 0
Interest expense—related party (23) (1,864) (102) (5,538)
Other income, net 1,566 1,364 2,975 2,100
Earnings (loss) before income taxes 31,926 (113,005) 40,097 (117,391)
Income tax (provision) benefit (5,140) 40,847 598 71,095
Net earnings (loss) 26,786 (72,158) 40,695 (46,296)
Net (earnings) loss attributable to noncontrolling interests (169) 397 (64) 1,402
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders $ 26,617 $ (71,761) $ 40,631 $ (44,894)
Per share information attributable to ANGI Homeservices Inc. shareholders:        
Basic earnings per share (USD per share) $ 0.06 $ (0.17) $ 0.08 $ (0.11)
Diluted earnings per share (USD per share) $ 0.05 $ (0.17) $ 0.08 $ (0.11)
Stock-based compensation expense by function:        
Stock-based compensation expense $ 22,474 $ 103,980 $ 69,433 $ 120,280
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense   9   19
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 868 19,709 2,526 20,402
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 19,326 71,732 60,331 86,650
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 2,280 $ 12,530 $ 6,576 $ 13,209