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GUARANTOR AND NONGUARANTOR FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2014
Guarantor and Nonguarantor Financial Statements [Abstract]  
Condensed Balance Sheet
Balance sheet at December 31, 2014:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
766,076

 
$
1,021

 
$
223,308

 
$

 
$
990,405

Marketable securities
159,197

 

 
1,451

 

 
160,648

Accounts receivable, net
13

 
155,262

 
80,811

 

 
236,086

Other current assets
23,923

 
91,105

 
57,487

 
(5,773
)
 
166,742

Intercompany receivables

 
1,688,403

 
970,810

 
(2,659,213
)
 

Property and equipment, net
4,950

 
232,819

 
64,690

 

 
302,459

Goodwill

 
1,249,807

 
505,119

 

 
1,754,926

Intangible assets, net

 
325,771

 
166,165

 

 
491,936

Investment in subsidiaries
5,035,304

 
930,443

 

 
(5,965,747
)
 

Other non-current assets
44,610

 
20,682

 
109,372

 
(2,988
)
 
171,676

Total assets
$
6,034,073

 
$
4,695,313

 
$
2,179,213

 
$
(8,633,721
)
 
$
4,274,878

 
 
 
 
 
 
 
 
 
 
Accounts payable, trade
$
3,059

 
$
55,320

 
$
22,784

 
$

 
$
81,163

Other current liabilities
73,491

 
328,920

 
191,197

 
(817
)
 
592,791

Long-term debt
1,000,000

 
80,000

 

 

 
1,080,000

Income taxes payable
2,240

 
4,771

 
25,624

 

 
32,635

Intercompany liabilities
2,659,213

 

 

 
(2,659,213
)
 

Other long-term liabilities
304,117

 
104,219

 
54,328

 
(7,944
)
 
454,720

Redeemable noncontrolling interests

 

 
40,427

 

 
40,427

IAC shareholders' equity
1,991,953

 
4,122,083

 
1,843,664

 
(5,965,747
)
 
1,991,953

Noncontrolling interests

 

 
1,189

 

 
1,189

Total liabilities and shareholders' equity
$
6,034,073

 
$
4,695,313

 
$
2,179,213

 
$
(8,633,721
)
 
$
4,274,878


Balance sheet at December 31, 2013:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
782,022

 
$

 
$
318,422

 
$

 
$
1,100,444

Marketable securities
1,007

 

 
4,997

 

 
6,004

Accounts receivable, net
38

 
135,651

 
71,719

 

 
207,408

Other current assets
45,111

 
76,572

 
40,661

 
(814
)
 
161,530

Intercompany receivables

 
569,030

 
847,423

 
(1,416,453
)
 

Property and equipment, net
5,316

 
221,386

 
67,262

 

 
293,964

Goodwill

 
1,180,159

 
495,164

 

 
1,675,323

Intangible assets, net

 
302,082

 
143,254

 

 
445,336

Investment in subsidiaries
3,833,751

 
782,840

 

 
(4,616,591
)
 

Other non-current assets
83,207

 
15,521

 
252,576

 
(6,629
)
 
344,675

Total assets
$
4,750,452

 
$
3,283,241

 
$
2,241,478

 
$
(6,040,487
)
 
$
4,234,684

 
 
 
 
 
 
 
 
 
 
Accounts payable, trade
$
4,310

 
$
51,525

 
$
21,818

 
$

 
$
77,653

Other current liabilities
41,623

 
280,549

 
187,072

 

 
509,244

Long-term debt
1,000,000

 
80,000

 

 

 
1,080,000

Income taxes payable
383,926

 
6,768

 
25,690

 

 
416,384

Intercompany liabilities
1,416,453

 

 

 
(1,416,453
)
 

Other long-term liabilities
217,404

 
96,239

 
72,941

 
(7,443
)
 
379,141

Redeemable noncontrolling interests

 

 
42,861

 

 
42,861

IAC shareholders' equity
1,686,736

 
2,768,160

 
1,848,431

 
(4,616,591
)
 
1,686,736

Noncontrolling interests

 

 
42,665

 

 
42,665

Total liabilities and shareholders' equity
$
4,750,452

 
$
3,283,241

 
$
2,241,478

 
$
(6,040,487
)
 
$
4,234,684

Condensed Income Statement
Statement of operations for the year ended December 31, 2014:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$

 
$
2,286,621

 
$
834,765

 
$
(11,839
)
 
$
3,109,547

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
998

 
525,185

 
359,746

 
(2,753
)
 
883,176

Selling and marketing expense
2,138

 
904,221

 
226,381

 
(8,303
)
 
1,124,437

General and administrative expense
105,221

 
211,293

 
127,051

 
45

 
443,610

Product development expense
6,496

 
110,375

 
44,472

 
(828
)
 
160,515

Depreciation
1,426

 
40,645

 
19,085

 

 
61,156

Amortization of intangibles

 
37,661

 
20,265

 

 
57,926

Total operating costs and expenses
116,279

 
1,829,380

 
797,000

 
(11,839
)
 
2,730,820

Operating (loss) income
(116,279
)
 
457,241

 
37,765

 

 
378,727

Equity in earnings (losses) of unconsolidated affiliates
253,582

 
34,613

 
452

 
(298,344
)
 
(9,697
)
Interest expense
(51,988
)
 
(4,246
)
 
(80
)
 

 
(56,314
)
Other income (expense), net
2,688

 
(3,315
)
 
(42,160
)
 

 
(42,787
)
Earnings (loss) from continuing operations before income taxes
88,003

 
484,293

 
(4,023
)
 
(298,344
)
 
269,929

Income tax benefit (provision)
152,197

 
(172,128
)
 
(15,441
)
 

 
(35,372
)
Earnings (loss) from continuing operations
240,200

 
312,165

 
(19,464
)
 
(298,344
)
 
234,557

Earnings from discontinued operations, net of tax
174,673

 

 
570

 
(570
)
 
174,673

Net earnings (loss)
414,873

 
312,165

 
(18,894
)
 
(298,914
)
 
409,230

Net loss attributable to noncontrolling interests

 

 
5,643

 

 
5,643

Net earnings (loss) attributable to IAC shareholders
$
414,873

 
$
312,165

 
$
(13,251
)
 
$
(298,914
)
 
$
414,873

Comprehensive income (loss)attributable to IAC shareholders
$
340,219

 
$
303,976

 
$
(84,767
)
 
$
(219,209
)
 
$
340,219


Statement of operations for the year ended December 31, 2013:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$

 
$
2,183,969

 
$
843,133

 
$
(4,115
)
 
$
3,022,987

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
2,456

 
600,511

 
403,614

 
(2,860
)
 
1,003,721

Selling and marketing expense
2,563

 
769,115

 
185,865

 
(1,133
)
 
956,410

General and administrative expense
97,025

 
164,173

 
117,066

 
(122
)
 
378,142

Product development expense
4,685

 
100,350

 
34,724

 

 
139,759

Depreciation
1,386

 
38,938

 
18,585

 

 
58,909

Amortization of intangibles

 
40,277

 
19,566

 

 
59,843

Total operating costs and expenses
108,115

 
1,713,364

 
779,420

 
(4,115
)
 
2,596,784

Operating (loss) income
(108,115
)
 
470,605

 
63,713

 

 
426,203

Equity in earnings (losses) of unconsolidated affiliates
439,925

 
62,402

 
(303
)
 
(508,639
)
 
(6,615
)
Interest expense
(29,417
)
 
(3,979
)
 
(200
)
 

 
(33,596
)
Other (expense) income, net
(35,331
)
 
(35,040
)
 
100,680

 

 
30,309

Earnings from continuing operations before income taxes
267,062

 
493,988

 
163,890

 
(508,639
)
 
416,301

Income tax benefit (provision)
16,796

 
(156,170
)
 
4,872

 

 
(134,502
)
Earnings from continuing operations
283,858

 
337,818

 
168,762

 
(508,639
)
 
281,799

Earnings (losses) from discontinued operations, net of tax
1,926

 

 
(39
)
 
39

 
1,926

Net earnings
285,784

 
337,818

 
168,723

 
(508,600
)
 
283,725

Net loss attributable to noncontrolling interests

 

 
2,059

 

 
2,059

Net earnings attributable to IAC shareholders
$
285,784

 
$
337,818

 
$
170,782

 
$
(508,600
)
 
$
285,784

Comprehensive income attributable to IAC shareholders
$
304,907

 
$
338,683

 
$
181,481

 
$
(520,164
)
 
$
304,907

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

 
$
1,986,527

 
$
820,759

 
$
(6,353
)
 
$
2,800,933

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

 
597,588

 
393,811

 
(4,905
)
 
991,688

Selling and marketing expense
4,081

 
669,448

 
222,374

 
(1,465
)
 
894,438

General and administrative expense
121,919

 
152,166

 
112,359

 
17

 
386,461

Product development expense
5,611

 
83,008

 
27,907

 

 
116,526

Depreciation
832

 
35,544

 
16,105

 

 
52,481

Amortization of intangibles

 
10,958

 
24,813

 

 
35,771

Total operating costs and expenses
137,637

 
1,548,712

 
797,369

 
(6,353
)
 
2,477,365

Operating (loss) income
(137,637
)
 
437,815

 
23,390

 

 
323,568

Equity in earnings (losses) of unconsolidated affiliates
309,639

 
37,866

 
(22,548
)
 
(350,302
)
 
(25,345
)
Interest expense
(1,835
)
 
(4,174
)
 
(140
)
 

 
(6,149
)
Other (expense) income, net
(82,900
)
 
(3,733
)
 
83,621

 

 
(3,012
)
Earnings from continuing operations before income taxes
87,267

 
467,774

 
84,323

 
(350,302
)
 
289,062

Income tax benefit (provision)
81,050

 
(146,333
)
 
(53,932
)
 

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

 
321,441

 
30,391

 
(350,302
)
 
169,847

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

 
842

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

 
321,441

 
31,233

 
(351,144
)
 
160,796

Net earnings attributable to noncontrolling interests

 

 
(1,530
)
 

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

 
$
321,441

 
$
29,703

 
$
(351,144
)
 
$
159,266

Comprehensive income attributable to IAC shareholders
$
139,540

 
$
322,212

 
$
29,828

 
$
(352,040
)
 
$
139,540

Condensed Cash Flow Statement
Statement of cash flows for the year ended December 31, 2014:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(114,773
)
 
$
543,087

 
$
(4,266
)
 
$
424,048

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

 
(191,238
)
 
(68,153
)
 
(259,391
)
Capital expenditures
(1,843
)
 
(40,422
)
 
(14,968
)
 
(57,233
)
Proceeds from maturities and sales of marketable debt securities
21,644

 

 

 
21,644

Purchases of marketable debt securities
(175,826
)
 

 

 
(175,826
)
Proceeds from sales of long-term investments and a business

 

 
58,388

 
58,388

Purchases of long-term investments
(4,800
)
 
(7,043
)
 
(12,491
)
 
(24,334
)
Other, net
(2,000
)
 
11

 
(1,053
)
 
(3,042
)
Net cash used in investing activities attributable to continuing operations
(162,825
)
 
(238,692
)
 
(38,277
)
 
(439,794
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
Dividends
(97,338
)
 

 

 
(97,338
)
Issuance of common stock, net of withholding taxes
1,609

 

 

 
1,609

Excess tax benefits from stock-based awards
34,214

 

 
10,743

 
44,957

Purchase of noncontrolling interests

 
(30,000
)
 
(3,165
)
 
(33,165
)
Funds returned from escrow for Meetic tender offer

 

 
12,354

 
12,354

Acquisition-related contingent consideration payments

 
(736
)
 
(7,373
)
 
(8,109
)
Debt issuance costs
(383
)
 

 

 
(383
)
Intercompany
323,666

 
(271,309
)
 
(52,357
)
 

Other, net

 
(1,365
)
 
460

 
(905
)
Net cash provided by (used in) financing activities attributable to continuing operations
261,768

 
(303,410
)
 
(39,338
)
 
(80,980
)
Total cash (used in) provided by continuing operations
(15,830
)
 
985

 
(81,881
)
 
(96,726
)
Total cash used in discontinued operations
(116
)
 

 
(29
)
 
(145
)
Effect of exchange rate changes on cash and cash equivalents

 
36

 
(13,204
)
 
(13,168
)
Net (decrease) increase in cash and cash equivalents
(15,946
)
 
1,021

 
(95,114
)
 
(110,039
)
Cash and cash equivalents at beginning of period
782,022

 

 
318,422

 
1,100,444

Cash and cash equivalents at end of period
$
766,076

 
$
1,021

 
$
223,308

 
$
990,405

Statement of cash flows for the year ended December 31, 2013:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(95,081
)
 
$
537,116

 
$
(31,074
)
 
$
410,961

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

 
(6,382
)
 
(34,052
)
 
(40,434
)
Capital expenditures
(1,387
)
 
(63,931
)
 
(14,993
)
 
(80,311
)
Proceeds from maturities and sales of marketable debt securities
12,502

 

 

 
12,502

Proceeds from sales of long-term investments and assets
7,839

 
50,850

 
24,402

 
83,091

Purchases of long-term investments
(17,814
)
 

 
(33,266
)
 
(51,080
)
Other, net

 
(1,725
)
 
(1,804
)
 
(3,529
)
Net cash provided by (used in) investing activities attributable to continuing operations
1,140

 
(21,188
)
 
(59,713
)
 
(79,761
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
Proceeds from issuance of long-term debt
500,000

 

 

 
500,000

Principal payments on long-term debt
(15,844
)
 

 

 
(15,844
)
Purchase of treasury stock
(264,214
)
 

 

 
(264,214
)
Dividends
(79,189
)
 

 

 
(79,189
)
Issuance of common stock, net of withholding taxes
(5,077
)
 

 

 
(5,077
)
Excess tax benefits from stock-based awards
32,081

 

 
810

 
32,891

Purchase of noncontrolling interests

 

 
(67,947
)
 
(67,947
)
Funds transferred to escrow for Meetic tender offer

 

 
(71,512
)
 
(71,512
)
Acquisition-related contingent consideration payment

 
(256
)
 

 
(256
)
Debt issuance costs
(7,399
)
 

 

 
(7,399
)
Intercompany
216,359

 
(514,464
)
 
298,105

 

Other, net

 
(1,225
)
 
(2,562
)
 
(3,787
)
Net cash provided by (used in) financing activities attributable to continuing operations
376,717

 
(515,945
)
 
156,894

 
17,666

Total cash provided by (used in) continuing operations
282,776

 
(17
)
 
66,107

 
348,866

Total cash used in discontinued operations
(1,829
)
 

 
(48
)
 
(1,877
)
Effect of exchange rate changes on cash and cash equivalents

 
17

 
3,461

 
3,478

Net increase in cash and cash equivalents
280,947

 

 
69,520

 
350,467

Cash and cash equivalents at beginning of period
501,075

 

 
248,902

 
749,977

Cash and cash equivalents at end of period
$
782,022

 
$

 
$
318,422

 
$
1,100,444

Statement of cash flows for the year ended December 31, 2012:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(116,353
)
 
$
453,692

 
$
17,188

 
$
354,527

Cash flows from investing activities attributable to continuing operations:
 
 
 
 
 
 
 
Acquisitions, net of cash acquired
(35,159
)
 
(331,182
)
 
(33,913
)
 
(400,254
)
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 and a business
14,194

 
272

 
150

 
14,616

Purchases of long-term investments
(27,187
)
 
(724
)
 
(8,183
)
 
(36,094
)
Other, net
(351
)
 
(155
)
 
(9,417
)
 
(9,923
)
Net cash provided by (used in) investing activities attributable to continuing operations
89,077

 
(361,339
)
 
(69,045
)
 
(341,307
)
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
)
Dividends
(68,163
)
 

 

 
(68,163
)
Issuance of common stock, net of withholding taxes
262,841

 

 

 
262,841

Excess tax benefits from stock-based awards
52,209

 
4,892

 

 
57,101

Purchase of noncontrolling interests
(1,936
)
 

 
(2,955
)
 
(4,891
)
Acquisition-related contingent consideration payments

 
(10,781
)
 

 
(10,781
)
Debt issuance costs
(11,001
)
 

 

 
(11,001
)
Intercompany
(55,020
)
 
(86,446
)
 
141,466

 

Other, net

 

 
244

 
244

Net cash (used in) provided by financing activities attributable to continuing operations
(12,900
)
 
(92,335
)
 
138,755

 
33,520

Total cash (used in) provided by continuing operations
(40,176
)
 
18

 
86,898

 
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
(44,147
)
 

 
89,971

 
45,824

Cash and cash equivalents at beginning of period
545,222

 

 
158,931

 
704,153

Cash and cash equivalents at end of period
$
501,075

 
$

 
$
248,902

 
$
749,977