GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

Guarantor and Nonguarantor Financial Statements [Abstract]

Balance sheet at September 30, 2013:



	IAC		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			IAC Consolidated
	(In thousands)
Cash and cash equivalents	$	452,097	$	—	$	289,555	$	—		$	741,652
Marketable securities	15,445		—		10,895		—			26,340
Accounts receivable, net	19		129,189		80,741		—			209,949
Other current assets	43,317		68,415		41,229		(981		)	151,980
Intercompany receivables	—		498,273		1,722,874		(2,221,147		)	—
Property and equipment, net	4,088		217,650		68,732		—			290,470
Goodwill	—		1,179,888		492,817		—			1,672,705
Intangible assets, net	—		310,248		148,123		—			458,371
Investment in subsidiaries	4,510,043		697,685		—		(5,207,728		)	—
Other non-current assets	87,167		20,647		150,354		(4,853		)	253,315
Total assets	$	5,112,176	$	3,121,995	$	3,005,320	$	(7,434,709	)	$	3,804,782

Accounts payable, trade	$	2,262	$	39,414	$	31,290	$	—		$	72,966
Other current liabilities	69,965		252,040		208,295		(1,715		)	528,585
Long-term debt, net of current maturities	500,000		80,000		—		—			580,000
Income taxes payable	358,327		25,199		27,646		—			411,172
Intercompany liabilities	2,221,147		—		—		(2,221,147		)	—
Other long-term liabilities	225,419		85,975		84,009		(4,119		)	391,284
Redeemable noncontrolling interests	—		—		32,779		—			32,779
IAC shareholders' equity	1,735,056		2,639,367		2,568,361		(5,207,728		)	1,735,056
Noncontrolling interests	—		—		52,940		—			52,940
Total liabilities and shareholders' equity	$	5,112,176	$	3,121,995	$	3,005,320	$	(7,434,709	)	$	3,804,782

Balance sheet at December 31, 2012:



	IAC		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			IAC Consolidated
	(In thousands)
Cash and cash equivalents	$	501,075	$	—	$	248,902	$	—		$	749,977
Marketable securities	20,604		—		—		—			20,604
Accounts receivable, net	43		142,627		87,160		—			229,830
Other current assets	58,452		53,720		45,204		(1,037		)	156,339
Intercompany receivables	—		482,926		10,276,178		(10,759,104		)	—
Property and equipment, net	4,116		194,515		71,881		—			270,512
Goodwill	—		1,190,199		425,955		—			1,616,154
Intangible assets, net	—		340,631		142,273		—			482,904
Investment in subsidiaries	12,913,694		611,851		—		(13,525,545		)	—
Other non-current assets	153,155		16,509		109,912		(68		)	279,508
Total assets	$	13,651,139	$	3,032,978	$	11,407,465	$	(24,285,754	)	$	3,805,828

Accounts payable, trade	$	4,366	$	64,888	$	29,060	$	—		$	98,314
Other current liabilities	74,214		216,010		238,003		(1,652		)	526,575
Long-term debt, net of current maturities	500,000		80,000		—		—			580,000
Income taxes payable	440,110		26,389		13,446		—			479,945
Intercompany liabilities	10,759,104		—		—		(10,759,104		)	—
Other long-term liabilities	217,617		91,119		45,950		547			355,233
Redeemable noncontrolling interests	—		1,388		56,738		—			58,126
IAC shareholders' equity	1,655,728		2,553,184		10,972,361		(13,525,545		)	1,655,728
Noncontrolling interests	—		—		51,907		—			51,907
Total liabilities and shareholders' equity	$	13,651,139	$	3,032,978	$	11,407,465	$	(24,285,754	)	$	3,805,828

Schedule of condensed income statement

Statement of operations for the three months ended September 30, 2013:



	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	519,972		$	237,990		$	(1,090	)	$	756,872
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	578			134,280			114,627			(629		)	248,856
Selling and marketing expense	743			182,195			65,691			(347		)	248,282
General and administrative expense	23,334			36,715			16,042			(114		)	75,977
Product development expense	1,321			23,858			10,053			—			35,232
Depreciation	340			8,187			4,962			—			13,489
Amortization of intangibles	—			9,003			4,029			—			13,032
Total costs and expenses	26,316			394,238			215,404			(1,090		)	634,868
Operating (loss) income	(26,316		)	125,734			22,586			—			122,004
Equity in earnings (losses) of unconsolidated affiliates	95,701			19,670			(56		)	(118,568		)	(3,253		)
Interest expense	(6,520		)	(1,061		)	(42		)	—			(7,623		)
Other income (expense), net	20,882			(9,813		)	5,650			—			16,719
Earnings from continuing operations before income taxes	83,747			134,530			28,138			(118,568		)	127,847
Income tax benefit (provision)	9,279			(40,929		)	(4,476		)	—			(36,126		)
Earnings from continuing operations	93,026			93,601			23,662			(118,568		)	91,721
Earnings from discontinued operations, net of tax	3,914			—			3			(3		)	3,914
Net earnings	96,940			93,601			23,665			(118,571		)	95,635
Net loss attributable to noncontrolling interests	—			—			1,305			—			1,305
Net earnings attributable to IAC shareholders	$	96,940		$	93,601		$	24,970		$	(118,571	)	$	96,940
Comprehensive income attributable to IAC shareholders	$	122,502		$	94,037		$	37,401		$	(131,438	)	$	122,502

Statement of operations for the three months ended September 30, 2012:



	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	495,065		$	220,943		$	(1,538	)	$	714,470
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	1,347			143,348			118,908			(1,328		)	262,275
Selling and marketing expense	1,250			177,896			56,195			(211		)	235,130
General and administrative expense	31,539			37,769			23,765			1			93,074
Product development expense	1,486			18,107			8,003			—			27,596
Depreciation	203			8,508			4,439			—			13,150
Amortization of intangibles	—			468			4,744			—			5,212
Total costs and expenses	35,825			386,096			216,054			(1,538		)	636,437
Operating (loss) income	(35,825		)	108,969			4,889			—			78,033
Equity in (losses) earnings of unconsolidated affiliates	(9,808		)	10,572			(3,062		)	(1,000		)	(3,298		)
Interest expense	(277		)	(1,063		)	(51		)	—			(1,391		)
Other income (expense), net	205,214			(578		)	(204,189		)	—			447
Earnings (loss) from continuing operations before income taxes	159,304			117,900			(202,413		)	(1,000		)	73,791
Income tax (provision) benefit	(112,963		)	(35,809		)	121,166			—			(27,606		)
Earnings (loss) from continuing operations	46,341			82,091			(81,247		)	(1,000		)	46,185
(Loss) earnings from discontinued operations, net of tax	(5,624		)	—			598			(598		)	(5,624		)
Net earnings (loss)	40,717			82,091			(80,649		)	(1,598		)	40,561
Net loss attributable to noncontrolling interests	—			146			10			—			156
Net earnings (loss) attributable to IAC shareholders	$	40,717		$	82,237		$	(80,639	)	$	(1,598	)	$	40,717
Comprehensive income (loss)attributable to IAC shareholders	$	44,386		$	82,188		$	(68,147	)	$	(14,041	)	$	44,386

Statement of operations for the nine months ended September 30, 2013:



	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	1,589,162		$	712,656		$	(3,286	)	$	2,298,532
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	1,804			444,655			333,476			(2,408		)	777,527
Selling and marketing expense	1,884			540,405			196,816			(756		)	738,349
General and administrative expense	69,161			120,882			85,295			(122		)	275,216
Product development expense	3,087			69,956			31,358			—			104,401
Depreciation	1,051			28,568			14,922			—			44,541
Amortization of intangibles	—			30,070			15,177			—			45,247
Total costs and expenses	76,987			1,234,536			677,044			(3,286		)	1,985,281
Operating (loss) income	(76,987		)	354,626			35,612			—			313,251
Equity in earnings (losses) of unconsolidated affiliates	286,178			30,981			(279		)	(321,302		)	(4,422		)
Interest expense	(19,592		)	(3,204		)	(148		)	—			(22,944		)
Other (expense) income, net	(31,457		)	(38,170		)	88,000			—			18,373
Earnings from continuing operations before income taxes	158,142			344,233			123,185			(321,302		)	304,258
Income tax benefit (provision)	48,823			(116,383		)	(33,728		)	—			(101,288		)
Earnings from continuing operations	206,965			227,850			89,457			(321,302		)	202,970
Earnings from discontinued operations, net of tax	1,902			—			14			(14		)	1,902
Net earnings	208,867			227,850			89,471			(321,316		)	204,872
Net loss attributable to noncontrolling interests	—			412			3,583			—			3,995
Net earnings attributable to IAC shareholders	$	208,867		$	228,262		$	93,054		$	(321,316	)	$	208,867
Comprehensive income attributable to IAC shareholders	$	234,411		$	228,560		$	83,895		$	(312,455	)	$	234,411

Statement of operations for the nine months ended September 30, 2012:



	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations			IAC Consolidated
	(In thousands)
Revenue	$	—		$	1,428,316		$	611,954		$	(4,588	)	$	2,035,682
Costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	4,040			422,193			300,297			(3,651		)	722,879
Selling and marketing expense	3,022			497,647			165,453			(954		)	665,168
General and administrative expense	89,599			108,886			72,683			17			271,185
Product development expense	4,309			57,072			21,247			—			82,628
Depreciation	495			26,151			10,844			—			37,490
Amortization of intangibles	—			1,694			16,364			—			18,058
Total costs and expenses	101,465			1,113,643			586,888			(4,588		)	1,797,408
Operating (loss) income	(101,465		)	314,673			25,066			—			238,274
Equity in earnings (losses) of unconsolidated affiliates	196,390			28,757			(25,774		)	(227,581		)	(28,208		)
Interest expense	(832		)	(3,193		)	(77		)	—			(4,102		)
Other (expense) income, net	(3,350		)	(2,369		)	8,554			—			2,835
Earnings from continuing operations before income taxes	90,743			337,868			7,769			(227,581		)	208,799
Income tax benefit (provision)	34,365			(110,884		)	(6,841		)	—			(83,360		)
Earnings from continuing operations	125,108			226,984			928			(227,581		)	125,439
(Loss) earnings from discontinued operations, net of tax	(6,581		)	—			856			(856		)	(6,581		)
Net earnings	118,527			226,984			1,784			(228,437		)	118,858
Net loss (earnings) attributable to noncontrolling interests	—			183			(514		)				(331		)
Net earnings attributable to IAC shareholders	$	118,527		$	227,167		$	1,270		$	(228,437	)	$	118,527
Comprehensive income (loss)attributable to IAC shareholders	$	119,079		$	226,908		$	(2,587	)	$	(224,321	)	$	119,079

Schedule of condensed cash flow statement

Statement of cash flows for the nine months ended September 30, 2013:



	IAC			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Eliminations		IAC Consolidated
	(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations	$	(55,102	)	$	392,407		$	(12,975	)	$	—	$	324,330
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	—			(6,084		)	(33,373		)	—		(39,457		)
Capital expenditures	(742		)	(52,098		)	(11,274		)	—		(64,114		)
Proceeds from maturities and sales of marketable debt securities	12,502			—			—			—		12,502
Proceeds from sales of long-term investments	41,976			—			310			—		42,286
Purchases of long-term investments	(17,362		)	—			(9,243		)	—		(26,605		)
Other, net	—			(1,717		)	10,621			—		8,904
Net cash provided by (used in) investing activities attributable to continuing operations	36,374			(59,899		)	(42,959		)	—		(66,484		)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(168,376		)	—			—			—		(168,376		)
Issuance of common stock, net of withholding taxes	6,456			—			—			—		6,456
Dividends	(58,882		)	—			—			—		(58,882		)
Excess tax benefits from stock-based awards	26,430			—			—			—		26,430
Purchase of noncontrolling interests	—			—			(55,561		)	—		(55,561		)
Principal payments on long-term debt	(15,844		)	—			—			—		(15,844		)
Intercompany	178,663			(331,295		)	152,632			—		—
Other, net	(951		)	(1,225		)	(1,210		)	—		(3,386		)
Net cash (used in) provided by financing activities attributable to continuing operations	(32,504		)	(332,520		)	95,861			—		(269,163		)
Total cash (used in) provided by continuing operations	(51,232		)	(12		)	39,927			—		(11,317		)
Total cash provided by discontinued operations	2,254			—			3			—		2,257
Effect of exchange rate changes on cash and cash equivalents	—			12			723			—		735
Net (decrease) increase in cash and cash equivalents	(48,978		)	—			40,653			—		(8,325		)
Cash and cash equivalents at beginning of period	501,075			—			248,902			—		749,977
Cash and cash equivalents at end of period	$	452,097		$	—		$	289,555		$	—	$	741,652

Statement of cash flows for the nine months ended September 30, 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	$	(25,409	)	$	337,883		$	11,133		$	—	$	323,607
Cash flows from investing activities attributable to continuing operations:
Acquisitions, net of cash acquired	—			(341,906		)	(35,217		)	—		(377,123		)
Capital expenditures	(805		)	(20,295		)	(11,263		)	—		(32,363		)
Proceeds from maturities and sales of marketable debt securities	79,353			—			—			—		79,353
Purchases of marketable debt securities	(47,902		)	—			—			—		(47,902		)
Proceeds from sales of long-term investments	12,744			—			—			—		12,744
Purchases of long-term investments	(2,588		)	(724		)	(6,719		)	—		(10,031		)
Other, net	(350		)	117			(12,031		)	—		(12,264		)
Net cash provided by (used in) investing activities attributable to continuing operations	40,452			(362,808		)	(65,230		)	—		(387,586		)
Cash flows from financing activities attributable to continuing operations:
Purchase of treasury stock	(434,041		)	—			—			—		(434,041		)
Issuance of common stock, net of withholding taxes	320,070			—			—			—		320,070
Dividends	(43,695		)	—			—			—		(43,695		)
Excess tax benefits from stock-based awards	18,594			4,892			—			—		23,486
Purchase of noncontrolling interests	(1,937		)	—			(2,954		)	—		(4,891		)
Intercompany	(153,633		)	20,052			133,581			—		—
Other, net	—			—			195			—		195
Net cash (used in) provided by financing activities attributable to continuing operations	(294,642		)	24,944			130,822			—		(138,876		)
Total cash (used in) provided by continuing operations	(279,599		)	19			76,725			—		(202,855		)
Total cash provided by (used in) discontinued operations	2,576			—			(4,442		)	—		(1,866		)
Effect of exchange rate changes on cash and cash equivalents	—			(19		)	2,366			—		2,347
Net (decrease) increase in cash and cash equivalents	(277,023		)	—			74,649			—		(202,374		)
Cash and cash equivalents at beginning of period	545,222			—			158,931			—		704,153
Cash and cash equivalents at end of period	$	268,199		$	—		$	233,580		$	—	$	501,779