XML 36 R97.htm IDEA: XBRL DOCUMENT v2.4.0.6
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]                      
Revenue $ 765,251 $ 714,470 $ 680,612 $ 640,600 $ 596,943 $ 516,884 $ 485,404 $ 460,213 $ 2,800,933 $ 2,059,444 $ 1,636,815
Cost of revenue 270,277 261,932 236,690 223,571 218,412 188,642 181,472 172,718 992,470 761,244 593,816
Selling and marketing expense                 898,761 614,174 492,206
General and administrative expense                 396,013 328,728 316,500
Product development expense                 101,869 78,760 65,097
Depreciation                 52,481 56,719 63,897
Amortization of intangibles                 35,771 22,057 27,472
Goodwill impairment                       28,032
Total costs and expenses                 2,477,365 1,861,682 1,587,020
Operating income 85,294 78,033 97,476 62,765 55,455 46,740 58,231 37,336 323,568 197,762 49,795
Equity in losses of unconsolidated affiliates                 (25,345) (36,300) (25,676)
Other (expense) income, net                 (9,161) 10,060 (1,433)
Earnings from continuing operations before income taxes                 289,062 171,522 22,686
Income tax benefit (provision)                 (119,215) 4,047 (32,079)
Earnings (loss) from continuing operations 44,408 46,185 48,101 31,153 41,798 67,973 45,630 20,168 169,847 175,569 (9,393)
Gain on Liberty Exchange                       140,768
Loss from discontinued operations, net of tax                 (9,051) (3,992) (37,023)
Net earnings 41,938 40,561 43,460 34,837 46,164 64,051 43,142 18,220 160,796 171,577 94,352
Net (earnings) loss attributable to noncontrolling interests                 (1,530) 2,656 5,007
Net earnings attributable to IAC shareholders 40,739 40,717 43,332 34,478 48,766 64,973 42,424 18,070 159,266 174,233 99,359
Comprehensive income attributable to IAC shareholders                 139,540 144,244 92,402
IAC
                     
Condensed Financial Statements, Captions [Line Items]                      
Revenue                   413 2,944
Cost of revenue                 5,194 4,763 4,224
Selling and marketing expense                 4,081 4,385 4,085
General and administrative expense                 121,919 120,908 120,629
Product development expense                 5,611 7,299 6,613
Depreciation                 832 799 580
Total costs and expenses                 137,637 138,154 136,131
Operating income                 (137,637) (137,741) (133,187)
Equity in losses of unconsolidated affiliates                 309,693 696,250 267,342
Other (expense) income, net                 (84,735) (733,699) (276,947)
Earnings from continuing operations before income taxes                 87,321 (175,190) (142,792)
Income tax benefit (provision)                 80,996 353,415 138,406
Earnings (loss) from continuing operations                 168,317 178,225 (4,386)
Gain on Liberty Exchange                     140,768
Loss from discontinued operations, net of tax                 (9,051) (3,992) (37,023)
Net earnings                 159,266 174,233 99,359
Net earnings attributable to IAC shareholders                 159,266 174,233 99,359
Comprehensive income attributable to IAC shareholders                 139,540 144,244 92,402
Guarantor Subsidiaries
                     
Condensed Financial Statements, Captions [Line Items]                      
Revenue                 1,959,488 1,539,282 1,267,664
Cost of revenue                 592,007 495,484 408,501
Selling and marketing expense                 659,498 490,877 401,086
General and administrative expense                 151,204 134,973 125,796
Product development expense                 64,222 58,223 49,108
Depreciation                 33,631 43,241 52,013
Amortization of intangibles                 10,881 3,593 7,605
Goodwill impairment                     28,032
Total costs and expenses                 1,511,443 1,226,391 1,072,141
Operating income                 448,045 312,891 195,523
Equity in losses of unconsolidated affiliates                 37,849 29,607 5,168
Other (expense) income, net                 (8,057) (1,073) (2,838)
Earnings from continuing operations before income taxes                 477,837 341,425 197,853
Income tax benefit (provision)                 (149,223) (130,124) (71,917)
Earnings (loss) from continuing operations                 328,614 211,301 125,936
Net earnings                 328,614 211,301 125,936
Net (earnings) loss attributable to noncontrolling interests                 206 60 3,968
Net earnings attributable to IAC shareholders                 328,820 211,361 129,904
Comprehensive income attributable to IAC shareholders                 329,593 211,709 129,904
Non-Guarantor Subsidiaries
                     
Condensed Financial Statements, Captions [Line Items]                      
Revenue                 847,798 522,496 371,739
Cost of revenue                 400,174 262,151 184,586
Selling and marketing expense                 236,647 120,527 89,067
General and administrative expense                 122,873 72,825 70,080
Product development expense                 32,036 13,238 9,376
Depreciation                 18,018 12,679 11,304
Amortization of intangibles                 24,890 18,464 19,867
Total costs and expenses                 834,638 499,884 384,280
Operating income                 13,160 22,612 (12,541)
Equity in losses of unconsolidated affiliates                 (22,548) (32,866) (1,969)
Other (expense) income, net                 83,631 744,832 278,352
Earnings from continuing operations before income taxes                 74,243 734,578 263,842
Income tax benefit (provision)                 (50,988) (219,244) (98,568)
Earnings (loss) from continuing operations                 23,255 515,334 165,274
Loss from discontinued operations, net of tax                 842 4,877 (51,325)
Net earnings                 24,097 520,211 113,949
Net (earnings) loss attributable to noncontrolling interests                 (1,736) 2,596 1,039
Net earnings attributable to IAC shareholders                 22,361 522,807 114,988
Comprehensive income attributable to IAC shareholders                 22,484 478,519 113,030
Total Eliminations
                     
Condensed Financial Statements, Captions [Line Items]                      
Revenue                 (6,353) (2,747) (5,532)
Cost of revenue                 (4,905) (1,154) (3,495)
Selling and marketing expense                 (1,465) (1,615) (2,032)
General and administrative expense                 17 22 (5)
Total costs and expenses                 (6,353) (2,747) (5,532)
Equity in losses of unconsolidated affiliates                 (350,339) (729,291) (296,217)
Earnings from continuing operations before income taxes                 (350,339) (729,291) (296,217)
Earnings (loss) from continuing operations                 (350,339) (729,291) (296,217)
Loss from discontinued operations, net of tax                 (842) (4,877) 51,325
Net earnings                 (351,181) (734,168) (244,892)
Net earnings attributable to IAC shareholders                 (351,181) (734,168) (244,892)
Comprehensive income attributable to IAC shareholders                 (352,077) (690,228) (242,934)
Consolidated Entities [Member]
                     
Condensed Financial Statements, Captions [Line Items]                      
Revenue                 2,800,933 2,059,444 1,636,815
Cost of revenue                 992,470 761,244 593,816
Selling and marketing expense                 898,761 614,174 492,206
General and administrative expense                 396,013 328,728 316,500
Product development expense                 101,869 78,760 65,097
Depreciation                 52,481 56,719 63,897
Amortization of intangibles                 35,771 22,057 27,472
Goodwill impairment                     28,032
Total costs and expenses                 2,477,365 1,861,682 1,587,020
Operating income                 323,568 197,762 49,795
Equity in losses of unconsolidated affiliates                 (25,345) (36,300) (25,676)
Other (expense) income, net                 (9,161) 10,060 (1,433)
Earnings from continuing operations before income taxes                 289,062 171,522 22,686
Income tax benefit (provision)                 (119,215) 4,047 (32,079)
Earnings (loss) from continuing operations                 169,847 175,569 (9,393)
Gain on Liberty Exchange                     140,768
Loss from discontinued operations, net of tax                 (9,051) (3,992) (37,023)
Net earnings                 160,796 171,577 94,352
Net (earnings) loss attributable to noncontrolling interests                 (1,530) 2,656 5,007
Net earnings attributable to IAC shareholders                 159,266 174,233 99,359
Comprehensive income attributable to IAC shareholders                 $ 139,540 $ 144,244 $ 92,402