CONSOLIDATED AND COMBINED FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CONSOLIDATED AND COMBINED FINANCIAL STATEMENT DETAILS



	December 31,
	2019		2018
	(In thousands)
Other current assets:
Capitalized costs to obtain a contract with a customer	$	35,103	$	35,482
Proceeds receivable from the sale of a business	—		24,250
Prepaid expenses	21,790		16,218
Other	10,866		8,983
Other current assets	$	67,759	$	84,933



	December 31,
	2019			2018
	(In thousands)
Capitalized software, leasehold improvements and equipment, net:
Capitalized software and computer equipment	$	105,956		$	59,521
Leasehold improvements	32,559			16,340
Furniture and other equipment	13,435			5,860
Projects in progress	19,638			25,611
Capitalized software, leasehold improvements and equipment	171,588			107,332
Accumulated depreciation and amortization	(68,227		)	(36,473		)
Capitalized software, leasehold improvements and equipment, net	$	103,361		$	70,859



	December 31,
	2019		2018
	(In thousands)
Accrued expenses and other current liabilities:
Accrued advertising expense	$	29,682	$	20,216
Accrued employee compensation and benefits	28,630		24,977
Other	58,685		60,794
Accrued expenses and other current liabilities	$	116,997	$	105,987



	Years Ended December 31,
	2019		2018		2017
	(In thousands)
Other income, net	$	6,510	$	17,859	$	1,974

Other income, net in 2019 principally includes third party interest income of $8.0 million and net foreign currency exchange gains of $0.6 million, partially offset by a $1.8 million mark-to-market charge for an indemnification claim related to the Handy acquisition that will be settled in ANGI shares held in escrow.

Other income, net in 2018 includes a gain of $13.2 million related to the sale of Felix and third-party interest income of $4.8 million.

Other income, net in 2017 is principally net foreign currency exchange gains.

Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated and combined statement of cash flows:



	December 31, 2019		December 31, 2018		December 31, 2017		December 31, 2016
	(In thousands)
Cash and cash equivalents	$	390,565	$	336,984	$	221,521	$	36,377
Restricted cash included in other current assets	504		1,417		—		—
Restricted cash included in other assets	409		420		—		10,548
Total cash and cash equivalents and restricted cash as shown on the consolidated and combined statement of cash flows	$	391,478	$	338,821	$	221,521	$	46,925

Restricted cash at December 31, 2019 primarily consists of a deposit related to corporate credit cards.

Restricted cash at December 31, 2018 primarily consists of a cash collateralized letter of credit and a deposit related to corporate credit cards.

Restricted cash at December 31, 2016 primarily includes funds held in escrow for the MyHammer tender offer, which were returned to the Company in the first quarter of 2017.

Supplemental Disclosure of Non-Cash Transactions:

On October 19, 2018, ANGI issued 8.6 million shares of its Class A common stock valued at $165.8 million in connection with the acquisition of Handy.

On October 10, 2018, ANGI issued 5.1 million shares of its Class B common stock to IAC pursuant to the post-closing adjustment provision of the Angie's List merger agreement.

On September 29, 2017, ANGI issued 61.3 million shares of its Class A common stock valued at $763.7 million in connection with the Combination.

Supplemental Disclosure of Cash Flow Information:



	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Cash paid (received) during the year for:
Interest expense—third-party	$	10,290		$	12,148		$	—
Interest expense—related party	54			155			6,169
Income tax payments, including amounts paid to IAC for ANGI Homeservices' share of IAC's consolidated tax liability	12,224			332			1,700
Income tax refunds	(957		)	(172		)	(402		)