XML 82 R68.htm IDEA: XBRL DOCUMENT v3.5.0.2
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION - STATEMENT OF CASH FLOWS (Details3) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash (used in) provided by operating activities attributable to continuing operations $ 65,929 $ 85,779
Cash flows from investing activities attributable to continuing operations:    
Acquisitions, net of cash acquired (2,524) (43,286)
Capital expenditures (35,133) (26,816)
Purchase of time deposits (87,500) 0
Proceeds from maturities of time deposits 87,500 0
Proceeds from maturities and sales of marketable debt securities 32,500 14,613
Purchases of marketable debt securities (79,366) (93,134)
Purchases of investments (5,056) (12,840)
Net proceeds from the sale of businesses and investments 103,735 6,203
Other, net 4,815 2,396
Net cash provided by (used in) investing activities attributable to continuing operations 18,971 (152,864)
Cash flows from financing activities attributable to continuing operations:    
Purchase of treasury stock (214,635) (200,000)
Proceeds from Match Group 2016 Senior Notes offering 400,000 0
Principal payments on Match Group Term Loan (410,000) 0
Debt issuance costs (4,621) 0
Dividends 0 (56,729)
Repurchase of Senior Notes (61,110) 0
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (13,097) (20,656)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes 2,176 0
Excess tax benefits from stock-based awards 21,871 36,465
Purchase of noncontrolling interests (2,411) (15,338)
Acquisition-related contingent consideration payments (2,150) (5,705)
Increase in restricted cash related to bond redemptions (30,002) 0
Intercompany 0 0
Other, net (488) 430
Net cash used in financing activities attributable to continuing operations (314,467) (261,533)
Total cash used in continuing operations (229,567) (328,618)
Total cash (used in) provided by discontinued operations 0 (243)
Effect of exchange rate changes on cash and cash equivalents (5,896) (5,135)
Net decrease in cash and cash equivalents (235,463) (333,996)
Cash and cash equivalents at beginning of period 1,481,447 990,405
Cash and cash equivalents at end of period 1,245,984 656,409
IAC    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash (used in) provided by operating activities attributable to continuing operations (83,685) (107,149)
Cash flows from investing activities attributable to continuing operations:    
Acquisitions, net of cash acquired 0 0
Capital expenditures (299) (988)
Purchase of time deposits 0  
Proceeds from maturities of time deposits 0  
Proceeds from maturities and sales of marketable debt securities 32,500 14,613
Purchases of marketable debt securities (79,366) (93,134)
Purchases of investments 0 0
Net proceeds from the sale of businesses and investments 10,000 0
Other, net 0 3,613
Net cash provided by (used in) investing activities attributable to continuing operations (37,165) (75,896)
Cash flows from financing activities attributable to continuing operations:    
Purchase of treasury stock (214,635) (200,000)
Proceeds from Match Group 2016 Senior Notes offering 0  
Principal payments on Match Group Term Loan 0  
Debt issuance costs 0  
Dividends   (56,729)
Repurchase of Senior Notes (61,110)  
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes (13,097) (20,656)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes 0  
Excess tax benefits from stock-based awards 16,651 19,064
Purchase of noncontrolling interests (1,400) 0
Acquisition-related contingent consideration payments 0 0
Increase in restricted cash related to bond redemptions (30,002)  
Intercompany 31,974 107,529
Other, net 275 166
Net cash used in financing activities attributable to continuing operations (271,344) (150,626)
Total cash used in continuing operations (392,194) (333,671)
Total cash (used in) provided by discontinued operations   (246)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (392,194) (333,917)
Cash and cash equivalents at beginning of period 1,073,053 762,231
Cash and cash equivalents at end of period 680,859 428,314
Guarantor Subsidiaries    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash (used in) provided by operating activities attributable to continuing operations 76,888 129,741
Cash flows from investing activities attributable to continuing operations:    
Acquisitions, net of cash acquired 0 (2,574)
Capital expenditures (11,256) (11,533)
Purchase of time deposits 0  
Proceeds from maturities of time deposits 0  
Proceeds from maturities and sales of marketable debt securities 0 0
Purchases of marketable debt securities 0 0
Purchases of investments 0 0
Net proceeds from the sale of businesses and investments 0 0
Other, net 158 48
Net cash provided by (used in) investing activities attributable to continuing operations (11,098) (14,059)
Cash flows from financing activities attributable to continuing operations:    
Purchase of treasury stock 0 0
Proceeds from Match Group 2016 Senior Notes offering 0  
Principal payments on Match Group Term Loan 0  
Debt issuance costs 0  
Dividends   0
Repurchase of Senior Notes 0  
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes 0 0
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes 0  
Excess tax benefits from stock-based awards 0 0
Purchase of noncontrolling interests 0 0
Acquisition-related contingent consideration payments (321) (195)
Increase in restricted cash related to bond redemptions 0  
Intercompany (65,469) (115,487)
Other, net 0 0
Net cash used in financing activities attributable to continuing operations (65,790) (115,682)
Total cash used in continuing operations 0 0
Total cash (used in) provided by discontinued operations   0
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 0 0
Non-Guarantor Subsidiaries    
Condensed Cash Flow Statements, Captions [Line Items]    
Net cash (used in) provided by operating activities attributable to continuing operations 72,726 63,187
Cash flows from investing activities attributable to continuing operations:    
Acquisitions, net of cash acquired (2,524) (40,712)
Capital expenditures (23,578) (14,295)
Purchase of time deposits (87,500)  
Proceeds from maturities of time deposits 87,500  
Proceeds from maturities and sales of marketable debt securities 0 0
Purchases of marketable debt securities 0 0
Purchases of investments (5,056) (12,840)
Net proceeds from the sale of businesses and investments 93,735 6,203
Other, net 4,657 (1,265)
Net cash provided by (used in) investing activities attributable to continuing operations 67,234 (62,909)
Cash flows from financing activities attributable to continuing operations:    
Purchase of treasury stock 0 0
Proceeds from Match Group 2016 Senior Notes offering 400,000  
Principal payments on Match Group Term Loan (410,000)  
Debt issuance costs (4,621)  
Dividends   0
Repurchase of Senior Notes 0  
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes 0 0
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes 2,176  
Excess tax benefits from stock-based awards 5,220 17,401
Purchase of noncontrolling interests (1,011) (15,338)
Acquisition-related contingent consideration payments (1,829) (5,510)
Increase in restricted cash related to bond redemptions 0  
Intercompany 33,495 7,958
Other, net (763) 264
Net cash used in financing activities attributable to continuing operations 22,667 4,775
Total cash used in continuing operations 162,627 5,053
Total cash (used in) provided by discontinued operations   3
Effect of exchange rate changes on cash and cash equivalents (5,896) (5,135)
Net decrease in cash and cash equivalents 156,731 (79)
Cash and cash equivalents at beginning of period 408,394 228,174
Cash and cash equivalents at end of period $ 565,125 $ 228,095