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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2012
Guarantor and Nonguarantor Financial Statements [Abstract]  
Schedule of Condensed Balance Sheet
Balance sheet at December 31, 2012:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
499,255

 
$

 
$
250,722

 
$

 
$
749,977

Marketable securities
20,604

 

 

 

 
20,604

Accounts receivable, net
43

 
142,627

 
87,160

 

 
229,830

Other current assets
58,441

 
54,568

 
44,367

 
(1,037
)
 
156,339

Intercompany receivables

 
500,566

 
10,638,417

 
(11,138,983
)
 

Property and equipment, net
4,116

 
179,582

 
86,814

 

 
270,512

Goodwill

 
1,162,721

 
453,433

 

 
1,616,154

Intangible assets, net

 
327,031

 
155,873

 

 
482,904

Investment in subsidiaries
12,913,747

 
611,869

 

 
(13,525,616
)
 

Other non-current assets
320,586

 
16,509

 
109,912

 
(167,499
)
 
279,508

Total assets
$
13,816,792

 
$
2,995,473

 
$
11,826,698

 
$
(24,833,135
)
 
$
3,805,828

 
 
 
 
 
 
 
 
 
 
Accounts payable, trade
$
4,366

 
$
64,888

 
$
29,060

 
$

 
$
98,314

Other current liabilities
74,230

 
214,224

 
239,773

 
(1,652
)
 
526,575

Long-term debt, net of current maturities
500,000

 
80,000

 

 

 
580,000

Income taxes payable
440,110

 
25,428

 
14,407

 

 
479,945

Intercompany liabilities
11,138,983

 

 

 
(11,138,983
)
 

Other long-term liabilities
3,375

 
84,473

 
434,269

 
(166,884
)
 
355,233

Redeemable noncontrolling interests

 
1,388

 
56,738

 

 
58,126

IAC shareholders' equity
1,655,728

 
2,525,072

 
11,000,544

 
(13,525,616
)
 
1,655,728

Noncontrolling interests

 

 
51,907

 

 
51,907

Total liabilities and shareholders' equity
$
13,816,792

 
$
2,995,473

 
$
11,826,698

 
$
(24,833,135
)
 
$
3,805,828

Balance sheet at December 31, 2011:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
545,222

 
$

 
$
158,931

 
$

 
$
704,153

Marketable securities
165,695

 

 

 

 
165,695

Accounts receivable, net
16

 
110,405

 
66,609

 

 
177,030

Other current assets
22,936

 
50,470

 
33,863

 
4,986

 
112,255

Intercompany receivables

 
1,133,800

 
10,147,279

 
(11,281,079
)
 

Property and equipment, net
897

 
175,453

 
83,238

 

 
259,588

Goodwill

 
838,307

 
520,217

 

 
1,358,524

Intangible assets, net

 
235,048

 
143,059

 

 
378,107

Investment in subsidiaries
12,565,249

 
689,308

 

 
(13,254,557
)
 

Other non-current assets
384,683

 
15,903

 
61,954

 
(208,027
)
 
254,513

Total assets
$
13,684,698

 
$
3,248,694

 
$
11,215,150

 
$
(24,738,677
)
 
$
3,409,865

 
 
 
 
 
 
 
 
 
 
Accounts payable, trade
$
4,244

 
$
36,717

 
$
23,437

 
$

 
$
64,398

Other current liabilities
44,458

 
244,199

 
183,100

 
(1,970
)
 
469,787

Long-term debt, net of current maturities
15,844

 
80,000

 

 

 
95,844

Income taxes payable
431,091

 
14,337

 
5,105

 

 
450,533

Intercompany liabilities
11,281,079

 

 

 
(11,281,079
)
 

Other long-term liabilities
2,933

 
92,012

 
424,940

 
(201,071
)
 
318,814

Redeemable noncontrolling interests

 
1,593

 
48,756

 

 
50,349

IAC shareholders' equity
1,905,049

 
2,779,836

 
10,474,721

 
(13,254,557
)
 
1,905,049

Noncontrolling interests

 

 
55,091

 

 
55,091

Total liabilities and shareholders' equity
$
13,684,698

 
$
3,248,694

 
$
11,215,150

 
$
(24,738,677
)
 
$
3,409,865

Schedule of Condensed Income Statement
Statement of operations for the year ended December 31, 2011:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$
413

 
$
1,539,282

 
$
522,496

 
$
(2,747
)
 
$
2,059,444

Costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
4,763

 
495,484

 
262,151

 
(1,154
)
 
761,244

Selling and marketing expense
4,385

 
490,877

 
120,527

 
(1,615
)
 
614,174

General and administrative expense
120,908

 
134,973

 
72,825

 
22

 
328,728

Product development expense
7,299

 
58,223

 
13,238

 

 
78,760

Depreciation
799

 
43,241

 
12,679

 

 
56,719

Amortization of intangibles

 
3,593

 
18,464

 

 
22,057

Total costs and expenses
138,154

 
1,226,391

 
499,884

 
(2,747
)
 
1,861,682

Operating (loss) income
(137,741
)
 
312,891

 
22,612

 

 
197,762

Equity in earnings (loss) of unconsolidated affiliates
696,250

 
29,607

 
(32,866
)
 
(729,291
)
 
(36,300
)
Other (expense) income, net
(733,699
)
 
(1,073
)
 
744,832

 

 
10,060

(Loss) earnings from continuing operations before income taxes
(175,190
)
 
341,425

 
734,578

 
(729,291
)
 
171,522

Income tax benefit (provision)
353,415

 
(130,124
)
 
(219,244
)
 

 
4,047

Earnings from continuing operations
178,225

 
211,301

 
515,334

 
(729,291
)
 
175,569

(Loss) earnings from discontinued operations, net of tax
(3,992
)
 

 
4,877

 
(4,877
)
 
(3,992
)
Net earnings
174,233

 
211,301

 
520,211

 
(734,168
)
 
171,577

Net loss attributable to noncontrolling interests

 
60

 
2,596

 

 
2,656

Net earnings attributable to IAC shareholders
$
174,233

 
$
211,361

 
$
522,807

 
$
(734,168
)
 
$
174,233

Comprehensive income attributable to IAC shareholders
$
144,244

 
$
211,709

 
$
478,519

 
$
(690,228
)
 
$
144,244

Statement of operations for the year ended December 31, 2010:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$
2,944

 
$
1,267,664

 
$
371,739

 
$
(5,532
)
 
$
1,636,815

Costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
4,224

 
408,501

 
184,586

 
(3,495
)
 
593,816

Selling and marketing expense
4,085

 
401,086

 
89,067

 
(2,032
)
 
492,206

General and administrative expense
120,629

 
125,796

 
70,080

 
(5
)
 
316,500

Product development expense
6,613

 
49,108

 
9,376

 

 
65,097

Depreciation
580

 
52,013

 
11,304

 

 
63,897

Amortization of intangibles

 
7,605

 
19,867

 

 
27,472

Goodwill impairment

 
28,032

 

 

 
28,032

Total costs and expenses
136,131

 
1,072,141

 
384,280

 
(5,532
)
 
1,587,020

Operating (loss) income
(133,187
)
 
195,523

 
(12,541
)
 

 
49,795

Equity in earnings (losses) of unconsolidated affiliates
267,342

 
5,168

 
(1,969
)
 
(296,217
)
 
(25,676
)
Other (expense) income, net
(276,947
)
 
(2,838
)
 
278,352

 

 
(1,433
)
(Loss) earnings from continuing operations before income taxes
(142,792
)
 
197,853

 
263,842

 
(296,217
)
 
22,686

Income tax benefit (provision)
138,406

 
(71,917
)
 
(98,568
)
 

 
(32,079
)
(Loss) earnings from continuing operations
(4,386
)
 
125,936

 
165,274

 
(296,217
)
 
(9,393
)
Gain on Liberty Exchange
140,768

 

 

 

 
140,768

Loss from discontinued operations, net of tax
(37,023
)
 

 
(51,325
)
 
51,325

 
(37,023
)
Net earnings
99,359

 
125,936

 
113,949

 
(244,892
)
 
94,352

Net loss attributable to noncontrolling interests

 
3,968

 
1,039

 

 
5,007

Net earnings attributable to IAC shareholders
$
99,359

 
$
129,904

 
$
114,988

 
$
(244,892
)
 
$
99,359

Comprehensive income attributable to IAC shareholders
$
92,402

 
$
129,904

 
$
113,030

 
$
(242,934
)
 
$
92,402

Statement of operations for the year ended December 31, 2012:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$

 
$
1,959,488

 
$
847,798

 
$
(6,353
)
 
$
2,800,933

Costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
5,194

 
592,007

 
400,174

 
(4,905
)
 
992,470

Selling and marketing expense
4,081

 
659,498

 
236,647

 
(1,465
)
 
898,761

General and administrative expense
121,919

 
151,204

 
122,873

 
17

 
396,013

Product development expense
5,611

 
64,222

 
32,036

 

 
101,869

Depreciation
832

 
33,631

 
18,018

 

 
52,481

Amortization of intangibles

 
10,881

 
24,890

 

 
35,771

Total costs and expenses
137,637

 
1,511,443

 
834,638

 
(6,353
)
 
2,477,365

Operating (loss) income
(137,637
)
 
448,045

 
13,160

 

 
323,568

Equity in earnings (losses) of unconsolidated affiliates
309,693

 
37,849

 
(22,548
)
 
(350,339
)
 
(25,345
)
Other (expense) income, net
(84,735
)
 
(8,057
)
 
83,631

 

 
(9,161
)
Earnings from continuing operations before income taxes
87,321

 
477,837

 
74,243

 
(350,339
)
 
289,062

Income tax benefit (provision)
80,996

 
(149,223
)
 
(50,988
)
 

 
(119,215
)
Earnings from continuing operations
168,317

 
328,614

 
23,255

 
(350,339
)
 
169,847

(Loss) earnings from discontinued operations, net of tax
(9,051
)
 

 
842

 
(842
)
 
(9,051
)
Net earnings
159,266

 
328,614

 
24,097

 
(351,181
)
 
160,796

Net loss (earnings) attributable to noncontrolling interests

 
206

 
(1,736
)
 

 
(1,530
)
Net earnings attributable to IAC shareholders
$
159,266

 
$
328,820

 
$
22,361

 
$
(351,181
)
 
$
159,266

Comprehensive income attributable to IAC shareholders
$
139,540

 
$
329,593

 
$
22,484

 
$
(352,077
)
 
$
139,540

Schedule of Condensed Cash Flow Statement
Statement of cash flows for the year ended December 31, 2010:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Net cash provided by operating activities attributable to continuing operations
$
13,637

 
$
311,054

 
$
16,016

 
$

 
$
340,707

Cash flows from investing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired

 
(10,000
)
 
(7,333
)
 

 
(17,333
)
Capital expenditures

 
(36,497
)
 
(3,332
)
 

 
(39,829
)
Proceeds from maturities and sales of marketable debt securities

 

 
763,326

 

 
763,326

Purchases of marketable debt securities

 

 
(838,155
)
 

 
(838,155
)
Proceeds from sales of long-term investments
5,324

 

 

 

 
5,324

Purchases of long-term investments
(697
)
 
(9
)
 
(1,577
)
 

 
(2,283
)
Dividend received from Meetic S.A.

 

 
11,355

 

 
11,355

Other, net
1,967

 
(541
)
 
(1,927
)
 

 
(501
)
Net cash provided by (used in) investing activities attributable to continuing operations
6,594

 
(47,047
)
 
(77,643
)
 

 
(118,096
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Purchase of treasury stock
(539,598
)
 

 

 

 
(539,598
)
Issuance of common stock, net of withholding taxes
25,939

 

 

 

 
25,939

Excess tax benefits from stock-based awards
5,202

 
4,285

 
4,804

 

 
14,291

Liberty Exchange
(217,921
)
 

 

 

 
(217,921
)
Intercompany
703,868

 
(268,041
)
 
(435,827
)
 

 

Other, net

 

 
79

 

 
79

Net cash used in financing activities attributable to continuing operations
(22,510
)
 
(263,756
)
 
(430,944
)
 

 
(717,210
)
Total cash (used in) provided by continuing operations
(2,279
)
 
251

 
(492,571
)
 

 
(494,599
)
Total cash provided by (used in) discontinued operations
457

 

 
(8,002
)
 

 
(7,545
)
Effect of exchange rate changes on cash and cash equivalents

 
(251
)
 
(1,503
)
 

 
(1,754
)
Net decrease in cash and cash equivalents
(1,822
)
 

 
(502,076
)
 

 
(503,898
)
Cash and cash equivalents at beginning of period
1,822

 

 
1,244,175

 

 
1,245,997

Cash and cash equivalents at end of period
$

 
$

 
$
742,099

 
$

 
$
742,099

Statement of cash flows for the year ended December 31, 2011:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(75,300
)
 
$
369,744

 
$
77,942

 
$

 
$
372,386

Cash flows from investing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired

 
(80,998
)
 
(197,471
)
 

 
(278,469
)
Capital expenditures
(798
)
 
(28,924
)
 
(10,232
)
 

 
(39,954
)
Proceeds from maturities and sales of marketable debt securities
267,635

 

 
317,300

 

 
584,935

Purchases of marketable debt securities
(74,240
)
 

 
(129,730
)
 

 
(203,970
)
Proceeds from sales of long-term investments
10,214

 

 
5,000

 

 
15,214

Purchases of long-term investments
(35,263
)
 
(51,008
)
 
(3,974
)
 

 
(90,245
)
Other, net

 
1,886

 
(14,583
)
 

 
(12,697
)
Net cash provided by (used in) investing activities attributable to continuing operations
167,548

 
(159,044
)
 
(33,690
)
 

 
(25,186
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Purchase of treasury stock
(507,765
)
 

 

 

 
(507,765
)
Issuance of common stock, net of withholding taxes
132,785

 

 

 

 
132,785

Dividends
(10,668
)
 

 

 

 
(10,668
)
Excess tax benefits from stock-based awards
22,166

 

 

 

 
22,166

Intercompany
824,194

 
(210,593
)
 
(613,601
)
 

 

Other, net
(3,843
)
 
(249
)
 
(4,659
)
 

 
(8,751
)
Net cash provided by (used in) financing activities attributable to continuing operations
456,869

 
(210,842
)
 
(618,260
)
 

 
(372,233
)
Total cash provided by (used in) continuing operations
549,117

 
(142
)
 
(574,008
)
 

 
(25,033
)
Total cash used in discontinued operations
(7,166
)
 

 
(1,251
)
 

 
(8,417
)
Effect of exchange rate changes on cash and cash equivalents
3,271

 
142

 
(7,909
)
 

 
(4,496
)
Net increase (decrease) in cash and cash equivalents
545,222

 

 
(583,168
)
 

 
(37,946
)
Cash and cash equivalents at beginning of period

 

 
742,099

 

 
742,099

Cash and cash equivalents at end of period
$
545,222

 
$

 
$
158,931

 
$

 
$
704,153

Statement of cash flows for the year ended December 31, 2012:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Total Eliminations
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(116,353
)
 
$
458,190

 
$
12,690

 
$

 
$
354,527

Cash flows from investing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Acquisitions, net of cash acquired
(35,159
)
 
(340,648
)
 
(35,228
)
 

 
(411,035
)
Capital expenditures
(3,969
)
 
(29,550
)
 
(17,682
)
 

 
(51,201
)
Proceeds from maturities and sales of marketable debt securities
195,501

 

 

 

 
195,501

Purchases of marketable debt securities
(53,952
)
 

 

 

 
(53,952
)
Proceeds from sales of long-term investments
14,194

 

 

 

 
14,194

Purchases of long-term investments
(27,187
)
 
(724
)
 
(8,183
)
 

 
(36,094
)
Other, net
(351
)
 
117

 
(9,267
)
 

 
(9,501
)
Net cash provided by (used in) investing activities attributable to continuing operations
89,077

 
(370,805
)
 
(70,360
)
 

 
(352,088
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Proceeds from issuance of long-term debt
500,000

 

 

 

 
500,000

Purchase of treasury stock
(691,830
)
 

 

 

 
(691,830
)
Issuance of common stock, net of withholding taxes
262,841

 

 

 

 
262,841

Dividends
(68,163
)
 

 

 

 
(68,163
)
Excess tax benefits from stock-based awards
52,209

 
4,892

 

 

 
57,101

Intercompany
(56,840
)
 
(92,259
)
 
149,099

 

 

Other, net
(12,937
)
 

 
(2,711
)
 

 
(15,648
)
Net cash (used in) provided by financing activities attributable to continuing operations
(14,720
)
 
(87,367
)
 
146,388

 

 
44,301

Total cash (used in) provided by continuing operations
(41,996
)
 
18

 
88,718

 

 
46,740

Total cash (used in) provided by discontinued operations
(3,971
)
 

 
499

 

 
(3,472
)
Effect of exchange rate changes on cash and cash equivalents

 
(18
)
 
2,574

 

 
2,556

Net (decrease) increase in cash and cash equivalents
(45,967
)
 

 
91,791

 

 
45,824

Cash and cash equivalents at beginning of period
545,222

 

 
158,931

 

 
704,153

Cash and cash equivalents at end of period
$
499,255

 
$

 
$
250,722

 
$

 
$
749,977