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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net earnings (loss) $ 109,020 $ (182,608)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Stock-based compensation expense 72,890 58,949
Depreciation 38,227 33,370
Amortization of intangibles 17,785 50,795
Goodwill impairment 0 275,367
Deferred income taxes 6,580 (90,902)
Acquisition-related contingent consideration fair value adjustments 4,886 10,470
Gain from the sale of businesses and investments, net (19,663) (13,137)
Impairment of long-term investments 4,799 2,702
Acquisition-related contingent consideration payment (11,140) 0
Other adjustments, net 22,624 13,975
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (22,799) 47,855
Other assets (18,492) (20,053)
Accounts payable and other current liabilities (2,510) (88,150)
Income taxes payable and receivable (59,735) (48,028)
Deferred revenue 15,234 32,589
Net cash provided by operating activities 157,706 83,194
Cash flows from investing activities:    
Acquisitions, net of cash acquired (49,164) (2,524)
Capital expenditures (41,821) (35,133)
Investments in time deposits 0 (87,500)
Proceeds from maturities of time deposits 0 87,500
Proceeds from maturities and sales of marketable debt securities 99,350 32,500
Purchases of marketable debt securities (24,909) (79,366)
Purchases of investments (5,105) (5,056)
Net proceeds from the sale of businesses and investments 119,697 103,735
Other, net 1,076 4,815
Net cash provided by investing activities 99,124 18,971
Cash flows from financing activities:    
Purchase of IAC treasury stock (56,424) (214,635)
Proceeds from Match Group 2016 Senior Notes offering 0 400,000
Principal payment on Match Group Term Loan 0 (410,000)
Debt issuance costs for Match Group 2016 Senior Notes offering 0 (4,621)
Repurchases of IAC Senior Notes (31,590) (61,110)
Proceeds from the exercise of IAC stock options 48,146 10,951
Withholding taxes paid on behalf of IAC net settled stock-based awards (49,900) (24,048)
Proceeds from the exercise of Match Group stock options 39,403 8,671
Withholding taxes paid on behalf of Match Group net settled stock-based awards (28,421) (6,495)
Purchase of noncontrolling interests (12,361) (2,411)
Acquisition-related contingent consideration payments (3,860) (2,150)
Funds returned from escrow for MyHammer tender offer 10,604 0
Decrease (increase) in restricted cash related to bond redemptions 20,141 (30,002)
Other, net (4,873) (488)
Net cash used in financing activities (69,135) (336,338)
Total cash provided (used) 187,695 (234,173)
Effect of exchange rate changes on cash and cash equivalents 5,418 (1,290)
Net increase (decrease) in cash and cash equivalents 193,113 (235,463)
Cash and cash equivalents at beginning of period 1,329,187 1,481,447
Cash and cash equivalents at end of period $ 1,522,300 $ 1,245,984