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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2016
Guarantor and Nonguarantor Financial Statements [Abstract]  
Condensed Balance Sheet
Balance sheet at December 31, 2016:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
552,699

 
$

 
$
776,488

 
$

 
$
1,329,187

Marketable securities
89,342

 

 

 

 
89,342

Accounts receivable, net

 
90,807

 
129,331

 

 
220,138

Other current assets
71,152

 
30,515

 
102,401

 

 
204,068

Intercompany receivables

 
735,108

 
1,047,757

 
(1,782,865
)
 

Property and equipment, net
4,350

 
178,806

 
123,092

 

 
306,248

Goodwill

 
521,740

 
1,402,312

 

 
1,924,052

Intangible assets, net

 
83,179

 
272,272

 

 
355,451

Investment in subsidiaries
3,659,570

 
557,802

 

 
(4,217,372
)
 

Other non-current assets
52,228

 
111,037

 
169,595

 
(115,473
)
 
217,387

Total assets
$
4,429,341

 
$
2,308,994

 
$
4,023,248

 
$
(6,115,710
)
 
$
4,645,873

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
20,000

 
$

 
$

 
$

 
$
20,000

Accounts payable, trade
2,697

 
38,283

 
21,883

 

 
62,863

Other current liabilities
42,159

 
120,279

 
468,087

 

 
630,525

Long-term debt, net of current portion
405,991

 

 
1,176,493

 

 
1,582,484

Income taxes payable

 
3,470

 
30,274

 
(216
)
 
33,528

Intercompany liabilities
1,782,865

 

 

 
(1,782,865
)
 

Other long-term liabilities
306,407

 
22,714

 
59,112

 
(115,257
)
 
272,976

Redeemable noncontrolling interests

 

 
32,827

 

 
32,827

IAC shareholders' equity
1,869,222

 
2,124,248

 
2,093,124

 
(4,217,372
)
 
1,869,222

Noncontrolling interests

 

 
141,448

 

 
141,448

Total liabilities and shareholders' equity
$
4,429,341

 
$
2,308,994

 
$
4,023,248

 
$
(6,115,710
)
 
$
4,645,873

Balance sheet at December 31, 2015:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Cash and cash equivalents
$
1,073,053

 
$

 
$
408,394

 
$

 
$
1,481,447

Marketable securities
27,578

 

 
11,622

 

 
39,200

Accounts receivable, net
33

 
115,280

 
134,764

 

 
250,077

Other current assets
30,813

 
46,128

 
97,345

 

 
174,286

Intercompany receivables

 
637,324

 
963,146

 
(1,600,470
)
 

Property and equipment, net
4,432

 
198,890

 
99,495

 

 
302,817

Goodwill

 
776,569

 
1,468,795

 

 
2,245,364

Intangible assets, net

 
135,817

 
305,011

 

 
440,828

Investment in subsidiaries
3,128,765

 
466,601

 

 
(3,595,366
)
 

Other non-current assets
84,368

 
11,258

 
174,038

 
(14,992
)
 
254,672

Total assets
$
4,349,042

 
$
2,387,867

 
$
3,662,610

 
$
(5,210,828
)
 
$
5,188,691

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$

 
$

 
$
40,000

 
$

 
$
40,000

Accounts payable, trade
4,711

 
42,104

 
40,068

 

 
86,883

Other current liabilities
62,833

 
140,077

 
438,753

 

 
641,663

Long-term debt, net of current portion
550,083

 

 
1,176,871

 

 
1,726,954

Income taxes payable
152

 
3,435

 
30,105

 

 
33,692

Intercompany liabilities
1,600,470

 

 

 
(1,600,470
)
 

Other long-term liabilities
326,267

 
18,160

 
83,848

 
(14,992
)
 
413,283

Redeemable noncontrolling interests

 

 
30,391

 

 
30,391

IAC shareholders' equity
1,804,526

 
2,184,091

 
1,411,275

 
(3,595,366
)
 
1,804,526

Noncontrolling interests

 

 
411,299

 

 
411,299

Total liabilities and shareholders' equity
$
4,349,042

 
$
2,387,867

 
$
3,662,610

 
$
(5,210,828
)
 
$
5,188,691

Condensed Statement of Operations
Statement of operations for the year ended December 31, 2016:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$

 
$
1,381,525

 
$
1,771,568

 
$
(13,211
)
 
$
3,139,882

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
859

 
302,293

 
452,990

 
(412
)
 
755,730

Selling and marketing expense
2,353

 
689,933

 
565,906

 
(12,929
)
 
1,245,263

General and administrative expense
89,583

 
163,315

 
294,132

 
130

 
547,160

Product development expense
4,807

 
82,071

 
111,007

 

 
197,885

Depreciation
1,610

 
31,366

 
38,700

 

 
71,676

Amortization of intangibles

 
41,157

 
38,269

 

 
79,426

Goodwill impairment

 
253,245

 
22,122

 

 
275,367

Total operating costs and expenses
99,212

 
1,563,380

 
1,523,126

 
(13,211
)
 
3,172,507

Operating (loss) income
(99,212
)
 
(181,855
)
 
248,442

 

 
(32,625
)
Equity in earnings (losses) of unconsolidated affiliates
49,536

 
(23,573
)
 

 
(25,963
)
 

Interest expense
(26,876
)
 

 
(82,234
)
 

 
(109,110
)
Other (expense) income, net
(2,059
)
 
10,040

 
52,480

 

 
60,461

(Loss) earnings from continuing operations before income taxes
(78,611
)
 
(195,388
)
 
218,688

 
(25,963
)
 
(81,274
)
Income tax benefit (provision)
37,142

 
60,504

 
(32,712
)
 

 
64,934

(Loss) earnings from continuing operations
(41,469
)
 
(134,884
)
 
185,976

 
(25,963
)
 
(16,340
)
Earnings from discontinued operations, net of tax
189

 

 
9

 
(9
)
 
189

Net (loss) earnings
(41,280
)
 
(134,884
)
 
185,985

 
(25,972
)
 
(16,151
)
Net earnings attributable to noncontrolling interests

 

 
(25,129
)
 

 
(25,129
)
Net (loss) earnings attributable to IAC shareholders
$
(41,280
)
 
$
(134,884
)
 
$
160,856

 
$
(25,972
)
 
$
(41,280
)
Comprehensive (loss) income attributable to IAC shareholders
$
(76,431
)
 
$
(115,899
)
 
$
114,376

 
$
1,523

 
$
(76,431
)

Statement of operations for the year ended December 31, 2015:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Revenue
$

 
$
1,635,345

 
$
1,605,597

 
$
(10,009
)
 
$
3,230,933

Operating costs and expenses:
 
 
 
 
 
 
 
 
 
Cost of revenue (exclusive of depreciation shown separately below)
720

 
334,931

 
443,700

 
(1,190
)
 
778,161

Selling and marketing expense
3,210

 
819,354

 
531,872

 
(8,860
)
 
1,345,576

General and administrative expense
93,090

 
157,013

 
275,485

 
41

 
525,629

Product development expense
4,311

 
85,582

 
95,873

 

 
185,766

Depreciation
1,918

 
27,276

 
33,011

 

 
62,205

Amortization of intangibles

 
102,622

 
37,330

 

 
139,952

Goodwill impairment

 
14,056

 

 

 
14,056

Total operating costs and expenses
103,249

 
1,540,834

 
1,417,271

 
(10,009
)
 
3,051,345

Operating (loss) income
(103,249
)
 
94,511

 
188,326

 

 
179,588

Equity in earnings of unconsolidated affiliates
215,092

 
18,137

 

 
(233,229
)
 

Interest expense
(49,405
)
 
(6,130
)
 
(18,101
)
 

 
(73,636
)
Other (expense) income, net
(3,201
)
 
27,903

 
12,219

 

 
36,921

Earnings from continuing operations before income taxes
59,237

 
134,421

 
182,444

 
(233,229
)
 
142,873

Income tax benefit (provision)
60,218

 
(47,280
)
 
(42,454
)
 

 
(29,516
)
Earnings from continuing operations
119,455

 
87,141

 
139,990

 
(233,229
)
 
113,357

Earnings (loss) from discontinued operations, net of tax
17

 

 
(12
)
 
12

 
17

Net earnings
119,472

 
87,141

 
139,978

 
(233,217
)
 
113,374

Net loss attributable to noncontrolling interests

 

 
6,098

 

 
6,098

Net earnings attributable to IAC shareholders
$
119,472

 
$
87,141

 
$
146,076

 
$
(233,217
)
 
$
119,472

Comprehensive income attributable to IAC shareholders
$
55,069

 
$
83,664

 
$
80,248

 
$
(163,912
)
 
$
55,069

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

 
$
1,637,345

 
$
1,484,041

 
$
(11,839
)
 
$
3,109,547

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

 
414,255

 
447,704

 
(2,753
)
 
860,204

Selling and marketing expense
2,138

 
696,173

 
457,401

 
(8,303
)
 
1,147,409

General and administrative expense
105,221

 
127,122

 
211,222

 
45

 
443,610

Product development expense
6,496

 
76,482

 
78,365

 
(828
)
 
160,515

Depreciation
1,426

 
25,670

 
34,060

 

 
61,156

Amortization of intangibles

 
31,863

 
26,063

 

 
57,926

Total operating costs and expenses
116,279

 
1,371,565

 
1,254,815

 
(11,839
)
 
2,730,820

Operating (loss) income
(116,279
)
 
265,780

 
229,226

 

 
378,727

Equity in earnings of unconsolidated affiliates
257,714

 
3,369

 

 
(261,083
)
 

Interest expense
(51,988
)
 
(4,187
)
 
(139
)
 

 
(56,314
)
Other (expense) income, net
(1,444
)
 
6,381

 
(57,421
)
 

 
(52,484
)
Earnings from continuing operations before income taxes
88,003

 
271,343

 
171,666

 
(261,083
)
 
269,929

Income tax benefit (provision)
152,197

 
(104,606
)
 
(82,963
)
 

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

 
166,737

 
88,703

 
(261,083
)
 
234,557

Earnings from discontinued operations, net of tax
174,673

 

 
570

 
(570
)
 
174,673

Net earnings
414,873

 
166,737

 
89,273

 
(261,653
)
 
409,230

Net loss attributable to noncontrolling interests

 

 
5,643

 

 
5,643

Net earnings attributable to IAC shareholders
$
414,873

 
$
166,737

 
$
94,916

 
$
(261,653
)
 
$
414,873

Comprehensive income attributable to IAC shareholders
$
340,219

 
$
158,538

 
$
23,409

 
$
(181,947
)
 
$
340,219

Condensed Statement of Cash Flows
Statement of cash flows for the year ended December 31, 2016:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(84,770
)
 
$
203,563

 
$
173,584

 
$

 
$
292,377

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

 

 
(18,403
)
 

 
(18,403
)
Capital expenditures
(479
)
 
(19,317
)
 
(58,243
)
 

 
(78,039
)
Investments in time deposits

 

 
(87,500
)
 

 
(87,500
)
Proceeds from maturities of time deposits

 

 
87,500

 

 
87,500

Proceeds from maturities and sales of marketable debt securities
252,369

 

 

 

 
252,369

Purchases of marketable debt securities
(313,943
)
 

 

 

 
(313,943
)
Purchases of investments

 

 
(12,565
)
 

 
(12,565
)
Net proceeds from the sale of businesses and investments
73,843

 
1,779

 
96,606

 

 
172,228

Intercompany
(215,711
)
 

 

 
215,711

 

Other, net
126

 
643

 
10,446

 

 
11,215

Net cash (used in) provided by investing activities attributable to continuing operations
(203,795
)
 
(16,895
)
 
17,841

 
215,711

 
12,862

Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
 
 
Principal payments on Match Group Term Loan

 

 
(450,000
)
 

 
(450,000
)
Proceeds from Match Group 2016 Senior Notes offering

 

 
400,000

 

 
400,000

Principal payments on IAC debt, including redemptions and repurchases of Senior Notes
(126,409
)
 

 

 

 
(126,409
)
Debt issuance costs

 

 
(7,811
)
 

 
(7,811
)
Purchase of treasury stock
(308,948
)
 

 

 

 
(308,948
)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes
(895
)
 

 

 

 
(895
)
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes

 

 
9,548

 

 
9,548

Excess tax benefits from stock-based awards
22,084

 

 
29,680

 

 
51,764

Purchase of noncontrolling interests
(1,400
)
 

 
(1,340
)
 

 
(2,740
)
Acquisition-related contingent consideration payments

 
(351
)
 
(1,829
)
 

 
(2,180
)
Funds held in escrow for MyHammer tender offer

 

 
(10,548
)
 

 
(10,548
)
Intercompany
184,233

 
(184,233
)
 
215,711

 
(215,711
)
 

    Other, net
(454
)
 
(2,084
)
 
(308
)
 

 
(2,846
)
Net cash (used in) provided by financing activities attributable to continuing operations
(231,789
)
 
(186,668
)
 
183,103

 
(215,711
)
 
(451,065
)
Total cash (used in) provided by continuing operations
(520,354
)
 

 
374,528

 

 
(145,826
)
Effect of exchange rate changes on cash and cash equivalents

 

 
(6,434
)
 

 
(6,434
)
Net (decrease) increase in cash and cash equivalents
(520,354
)
 

 
368,094

 

 
(152,260
)
Cash and cash equivalents at beginning of period
1,073,053

 

 
408,394

 

 
1,481,447

Cash and cash equivalents at end of period
$
552,699

 
$

 
$
776,488

 
$

 
$
1,329,187

Statement of cash flows for the year ended December 31, 2015:
 
IAC
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
IAC Consolidated
 
(In thousands)
Net cash (used in) provided by operating activities attributable to continuing operations
$
(139,227
)
 
$
258,582

 
$
230,050

 
$
349,405

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

 
(6,078
)
 
(611,324
)
 
(617,402
)
Capital expenditures
(1,332
)
 
(21,905
)
 
(38,812
)
 
(62,049
)
Proceeds from maturities and sales of marketable debt securities
218,462

 

 

 
218,462

Purchases of marketable debt securities
(93,134
)
 

 

 
(93,134
)
Purchases of investments
(6,978
)
 

 
(27,492
)
 
(34,470
)
Net proceeds from the sale of investments and business
1,277

 

 
8,136

 
9,413

Other, net
3,613

 
385

 
(7,539
)
 
(3,541
)
Net cash provided by (used in) investing activities attributable to continuing operations
121,908

 
(27,598
)
 
(677,031
)
 
(582,721
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
Borrowings under Match Group Term Loan

 

 
788,000

 
788,000

Principal payment on Liberty Bond

 
(80,000
)
 

 
(80,000
)
Debt issuance costs
(1,876
)
 

 
(17,174
)
 
(19,050
)
Fees and expenses related to note exchange

 

 
(6,954
)
 
(6,954
)
Proceeds from Match Group IPO, net of fees and expenses

 

 
428,789

 
428,789

Purchase of treasury stock
(200,000
)
 

 

 
(200,000
)
Dividends
(113,196
)
 

 

 
(113,196
)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes
(38,418
)
 

 

 
(38,418
)
Repurchase of stock-based awards

 

 
(23,431
)
 
(23,431
)
Excess tax benefits from stock-based awards
18,034

 

 
38,384

 
56,418

Purchase of noncontrolling interests

 

 
(32,207
)
 
(32,207
)
Acquisition-related contingent consideration payments

 
(240
)
 
(5,510
)
 
(5,750
)
Intercompany
683,571

 
(150,744
)
 
(532,827
)
 

Other, net
(19,834
)
 

 
441

 
(19,393
)
Net cash provided by (used in) financing activities attributable to continuing operations
328,281

 
(230,984
)
 
637,511

 
734,808

Total cash provided by continuing operations
310,962

 

 
190,530

 
501,492

Total cash used in discontinued operations
(140
)
 

 
(12
)
 
(152
)
Effect of exchange rate changes on cash and cash equivalents

 

 
(10,298
)
 
(10,298
)
Net increase in cash and cash equivalents
310,822

 

 
180,220

 
491,042

Cash and cash equivalents at beginning of period
762,231

 

 
228,174

 
990,405

Cash and cash equivalents at end of period
$
1,073,053

 
$

 
$
408,394

 
$
1,481,447

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
$
(109,745
)
 
$
329,671

 
$
204,122

 
$
424,048

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

 
(97,463
)
 
(161,928
)
 
(259,391
)
Capital expenditures
(1,843
)
 
(26,640
)
 
(28,750
)
 
(57,233
)
Proceeds from maturities and sales of marketable debt securities
21,644

 

 

 
21,644

Purchases of marketable debt securities
(175,826
)
 

 

 
(175,826
)
Purchases of investments
(4,800
)
 
(2,087
)
 
(17,447
)
 
(24,334
)
Net proceeds from the sale of investments and assets

 

 
58,388

 
58,388

Other, net
(2,000
)
 
11

 
(1,053
)
 
(3,042
)
Net cash used in investing activities attributable to continuing operations
(162,825
)
 
(126,179
)
 
(150,790
)
 
(439,794
)
Cash flows from financing activities attributable to continuing operations:
 
 
 
 
 
 
 
Debt issuance costs
(383
)
 

 

 
(383
)
Dividends
(97,338
)
 

 

 
(97,338
)
Issuance of IAC common stock pursuant to stock-based awards, net of withholding taxes
1,609

 

 

 
1,609

Excess tax benefits from stock-based awards
29,186

 

 
15,771

 
44,957

Purchase of noncontrolling interests

 

 
(33,165
)
 
(33,165
)
Acquisition-related contingent consideration payments

 
(406
)
 
(7,703
)
 
(8,109
)
Intercompany
321,192

 
(201,802
)
 
(119,390
)
 

Other, net

 
(1,310
)
 
12,759

 
11,449

Net cash provided by (used in) financing activities attributable to continuing operations
254,266

 
(203,518
)
 
(131,728
)
 
(80,980
)
Total cash used in continuing operations
(18,304
)
 
(26
)
 
(78,396
)
 
(96,726
)
Total cash used in discontinued operations
(116
)
 

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

 
26

 
(13,194
)
 
(13,168
)
Net decrease in cash and cash equivalents
(18,420
)
 

 
(91,619
)
 
(110,039
)
Cash and cash equivalents at beginning of period
780,651

 

 
319,793

 
1,100,444

Cash and cash equivalents at end of period
$
762,231

 
$

 
$
228,174

 
$
990,405