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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue $ 357,358 $ 303,116 $ 1,004,697 $ 853,249
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 13,312 14,015 34,045 42,313
Selling and marketing expense 195,542 136,412 567,011 416,187
General and administrative expense 82,344 82,154 254,786 238,112
Product development expense 16,021 15,309 46,907 44,751
Depreciation 11,244 6,100 27,039 18,170
Amortization of intangibles 14,169 15,611 42,421 47,695
Total operating costs and expenses 332,632 269,601 972,209 807,228
Operating income 24,726 33,515 32,488 46,021
Interest expense—third party (3,007) (3,132) (8,964) (8,797)
Interest expense—related party 0 (23) (16) (102)
Other income, net 1,505 1,566 4,839 2,975
Earnings before income taxes 23,224 31,926 28,347 40,097
Income tax (provision) benefit (4,900) (5,140) 7,062 598
Net earnings 18,324 26,786 35,409 40,695
Net earnings attributable to noncontrolling interests (325) (169) (473) (64)
Net earnings attributable to ANGI Homeservices Inc. shareholders $ 17,999 $ 26,617 $ 34,936 $ 40,631
Earnings per share attributable to ANGI Homeservices Inc. shareholders:        
Basic earnings per share (USD per share) $ 0.04 $ 0.06 $ 0.07 $ 0.08
Diluted earnings per share (USD per share) $ 0.04 $ 0.05 $ 0.07 $ 0.08
Stock-based compensation expense by function:        
Stock-based compensation expense $ 8,784 $ 22,474 $ 45,586 $ 69,433
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 0 0 0 0
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 796 868 2,801 2,526
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 6,375 19,326 37,124 60,331
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 1,613 $ 2,280 $ 5,661 $ 6,576