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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net earnings $ 368,693 $ 109,020
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Stock-based compensation expense 116,643 72,890
Depreciation 38,062 38,227
Amortization of intangibles 40,141 17,785
Bad debt expense 20,865 14,024
Deferred income taxes (11,258) 6,580
Unrealized gains on equity securities, net (126,559) 0
Gains from the sale of investments and businesses, net (27,172) (19,663)
Other adjustments, net 8,591 18,283
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (60,185) (22,799)
Other assets (38,195) (18,482)
Accounts payable and other liabilities 1,063 (13,650)
Income taxes payable and receivable 3,467 (59,735)
Deferred revenue 45,646 15,234
Net cash provided by operating activities 379,802 157,714
Cash flows from investing activities:    
Acquisitions, net of cash acquired (17,513) (49,164)
Capital expenditures (39,696) (41,821)
Proceeds from maturities and sales of marketable debt securities 10,000 99,350
Purchases of marketable debt securities (124,397) (24,909)
Purchases of investments (31,180) (5,105)
Net proceeds from the sale of investments and businesses 27,540 119,697
Other, net 9,599 1,076
Net cash (used in) provided by investing activities (165,647) 99,124
Cash flows from financing activities:    
Purchase of noncontrolling interests (877) (12,361)
Acquisition-related contingent consideration payments (185) (3,860)
Other, net (4,813) (4,873)
Net cash used in financing activities (202,705) (99,880)
Total cash provided 11,450 156,958
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 44 5,474
Net increase in cash, cash equivalents, and restricted cash 11,494 162,432
Cash, cash equivalents, and restricted cash at beginning of period 1,633,682 1,360,199
Cash, cash equivalents, and restricted cash at end of period 1,645,176 1,522,631
Match Group and ANGI Homeservices    
Cash flows from financing activities:    
Proceeds from the exercise of stock options 2,125 39,403
Withholding taxes paid on behalf of employees on net settled stock-based awards (136,727) (28,421)
ANGI Homeservices    
Cash flows from financing activities:    
Principal payments on ANGI Homeservices debt (6,875) 0
Match Group    
Cash flows from financing activities:    
Purchase of treasury stock (73,943) 0
IAC/InterActiveCorp    
Cash flows from financing activities:    
Repurchases of IAC debt (363) (31,590)
Purchase of treasury stock (7,869) (56,424)
Proceeds from the exercise of stock options 27,317 48,146
Withholding taxes paid on behalf of employees on net settled stock-based awards $ (495) $ (49,900)