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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings $ 540,270 $ 334,659
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Stock-based compensation expense 172,006 207,362
Amortization of intangibles 60,293 22,151
Depreciation 56,987 55,490
Bad debt expense 35,521 20,935
Deferred income taxes (36,866) (344,120)
Unrealized gains on equity securities, net (126,444) 0
Gains from the sale of investments and businesses, net (27,240) (24,031)
Other adjustments, net 12,677 35,662
Changes in assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts receivable (78,665) (78,612)
Other assets (48,935) (17,326)
Accounts payable and other liabilities 57,891 36,407
Income taxes payable and receivable 1,971 4,433
Deferred revenue 52,234 44,791
Net cash provided by operating activities 671,700 297,801
Cash flows from investing activities:    
Acquisitions, net of cash acquired (17,635) (69,113)
Capital expenditures (60,113) (56,519)
Proceeds from maturities and sales of marketable debt securities 125,000 114,350
Purchases of marketable debt securities (326,906) (24,909)
Purchases of investments (32,180) (9,105)
Net proceeds from the sale of investments and businesses 28,630 125,220
Other, net 9,646 1,319
Net cash (used in) provided by investing activities (273,558) 81,243
Cash flows from financing activities:    
Purchase of noncontrolling interests (4,798) (13,011)
Acquisition-related contingent consideration payments (185) (27,289)
Debt issuance costs 0 (2,637)
Other, net (4,873) (5,002)
Net cash used in financing activities (359,856) (492,800)
Total cash provided (used) 38,286 (113,756)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (207) 9,401
Net increase (decrease) in cash, cash equivalents, and restricted cash 38,079 (104,355)
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 1,671,761 1,255,844
Match Group and ANGI Homeservices    
Cash flows from financing activities:    
Proceeds from the exercise of stock options 2,876 57,705
Withholding taxes paid on behalf of employees on net settled stock-based awards (208,962) (228,978)
ANGI Homeservices    
Cash flows from financing activities:    
Principal payments on ANGI Homeservices debt (10,313) 0
Match Group    
Cash flows from financing activities:    
Proceeds from issuance of Match Group debt 0 75,000
Purchase of treasury stock (86,239) 0
Proceeds from the exercise of stock options   57,705
Withholding taxes paid on behalf of employees on net settled stock-based awards   (228,978)
Purchase of Match Group stock-based awards 0 (272,459)
IAC/InterActiveCorp    
Cash flows from financing activities:    
Repurchases of IAC debt (363) (31,590)
Purchase of treasury stock (82,891) (56,424)
Proceeds from the exercise of stock options 38,903 69,065
Withholding taxes paid on behalf of employees on net settled stock-based awards $ (3,011) $ (57,180)