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CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings (loss) $ 77,507 $ (104,527) $ 10,631
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Stock-based compensation expense 97,078 149,230 8,916
Amortization of intangibles 62,212 23,261 3,153
Bad debt expense 47,242 27,514 17,425
Depreciation 24,310 14,543 8,419
Deferred income taxes (8,368) (48,350) (3,719)
Gain from the sale of a business (13,237) 0 0
Other adjustments, net (519) (911) 1,142
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Accounts receivable (47,686) (33,179) (23,862)
Other assets (12,959) 4,523 (2,972)
Accounts payable and other liabilities (576) 778 14,936
Income taxes payable and receivable 725 (2,054) 6,932
Deferred revenue (2,029) 10,995 6,895
Net cash provided by operating activities 223,700 41,823 47,896
Cash flows from investing activities:      
Acquisitions, net of cash acquired 3,669 (66,340) (15,649)
Capital expenditures (46,976) (26,837) (16,660)
Proceeds from maturities of marketable debt securities 35,000    
Purchases of marketable debt securities (59,671) 0 0
Proceeds from sale of fixed assets 10,412    
Other, net (25)    
Net cash used in investing activities (57,591) (93,177) (32,309)
Cash flows from financing activities:      
Borrowings under term loan 0 275,000 0
Principal payments on term loan (13,750) 0 0
Debt issuance costs (2,168) (3,013) 0
Proceeds from issuance of related party debt 0 131,360 44,838
Principal payments on related party debt (1,904) (181,580) (11,350)
Proceeds from the exercise of stock options 4,693 1,653 0
Withholding taxes paid on behalf of employees on net settled stock-based awards (29,844) (10,113) 0
Transfers from (to) IAC/InterActiveCorp for periods prior to the Combination 0 24,178 (4,305)
Purchase of noncontrolling interests (6,061) (12,789) (209)
Other, net 13 37  
Net cash (used in) provided by financing activities (49,021) 224,733 28,974
Total cash provided 117,088 173,379 44,561
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 212 1,217 (98)
Net increase in cash, cash equivalents, and restricted cash 117,300 174,596 44,463
Cash, cash equivalents, and restricted cash at beginning of period 221,521 46,925 2,462
Cash, cash equivalents, and restricted cash at end of period $ 338,821 $ 221,521 $ 46,925