GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION |
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION The 4.75% Senior Notes are unconditionally guaranteed, jointly and severally, by certain domestic subsidiaries which are 100% owned by the Company. The following tables present condensed consolidating financial information at June 30, 2019 and December 31, 2018 and for the three and six months ended June 30, 2019 and 2018 for: IAC, on a stand-alone basis; the combined guarantor subsidiaries of IAC; the combined non-guarantor subsidiaries of IAC; and IAC on a consolidated basis. Balance sheet at June 30, 2019: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 2,133,905 |
| | $ | — |
| | $ | 1,018,054 |
| | $ | — |
| | $ | 3,151,959 |
| Marketable securities | — |
| | — |
| | 161,749 |
| | — |
| | 161,749 |
| Accounts receivable, net of allowance and reserves | — |
| | 90,545 |
| | 274,950 |
| | — |
| | 365,495 |
| Other current assets | 24,852 |
| | 38,163 |
| | 172,650 |
| | (781 | ) | | 234,884 |
| Intercompany receivables | — |
| | 1,414,117 |
| | 133,953 |
| | (1,548,070 | ) | | — |
| Right-of-use assets | 10,861 |
| | 40,151 |
| | 155,833 |
| | (26,555 | ) | | 180,290 |
| Property and equipment, net of accumulated depreciation and amortization | 6,962 |
| | 171,593 |
| | 182,995 |
| | — |
| | 361,550 |
| Goodwill | — |
| | 412,009 |
| | 2,480,953 |
| | — |
| | 2,892,962 |
| Intangible assets, net of accumulated amortization | — |
| | 43,712 |
| | 584,706 |
| | — |
| | 628,418 |
| Investment in subsidiaries | 2,132,545 |
| | 427,476 |
| | — |
| | (2,560,021 | ) | | — |
| Other non-current assets | 294,891 |
| | 88,523 |
| | 97,554 |
| | (159,170 | ) | | 321,798 |
| Total assets | $ | 4,604,016 |
| | $ | 2,726,289 |
| | $ | 5,263,397 |
| | $ | (4,294,597 | ) | | $ | 8,299,105 |
| | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | — |
| | $ | 13,750 |
| | $ | — |
| | $ | 13,750 |
| Accounts payable, trade | 2,079 |
| | 43,999 |
| | 58,314 |
| | — |
| | 104,392 |
| Other current liabilities | 25,552 |
| | 83,694 |
| | 731,436 |
| | (5,362 | ) | | 835,320 |
| Long-term debt, net | 34,291 |
| | — |
| | 3,104,240 |
| | — |
| | 3,138,531 |
| Income taxes payable | — |
| | 1,612 |
| | 34,921 |
| | — |
| | 36,533 |
| Intercompany liabilities | 1,548,070 |
| | — |
| | — |
| | (1,548,070 | ) | | — |
| Other long-term liabilities | 10,563 |
| | 54,227 |
| | 362,834 |
| | (181,144 | ) | | 246,480 |
| Redeemable noncontrolling interests | — |
| | — |
| | 80,502 |
| | — |
| | 80,502 |
| Shareholders' equity | 2,983,461 |
| | 2,542,757 |
| | 17,264 |
| | (2,560,021 | ) | | 2,983,461 |
| Noncontrolling interests | — |
| | — |
| | 860,136 |
| | — |
| | 860,136 |
| Total liabilities and shareholders' equity | $ | 4,604,016 |
| | $ | 2,726,289 |
| | $ | 5,263,397 |
| | $ | (4,294,597 | ) | | $ | 8,299,105 |
|
Balance sheet at December 31, 2018: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Cash and cash equivalents | $ | 1,018,082 |
| | $ | — |
| | $ | 1,113,550 |
| | $ | — |
| | $ | 2,131,632 |
| Marketable securities | 98,299 |
| | — |
| | 25,366 |
| | — |
| | 123,665 |
| Accounts receivable, net of allowance and reserves | — |
| | 99,970 |
| | 179,219 |
| | — |
| | 279,189 |
| Other current assets | 39,449 |
| | 29,222 |
| | 171,682 |
| | (12,100 | ) | | 228,253 |
| Intercompany receivables | — |
| | 1,423,456 |
| | — |
| | (1,423,456 | ) | | — |
| Property and equipment, net of accumulated depreciation and amortization | 6,526 |
| | 163,281 |
| | 148,993 |
| | — |
| | 318,800 |
| Goodwill | — |
| | 412,009 |
| | 2,314,850 |
| | — |
| | 2,726,859 |
| Intangible assets, net of accumulated amortization | — |
| | 43,914 |
| | 587,508 |
| | — |
| | 631,422 |
| Investment in subsidiaries | 1,897,699 |
| | 214,519 |
| | — |
| | (2,112,218 | ) | | — |
| Other non-current assets | 274,789 |
| | 94,290 |
| | 251,315 |
| | (185,629 | ) | | 434,765 |
| Total assets | $ | 3,334,844 |
| | $ | 2,480,661 |
| | $ | 4,792,483 |
| | $ | (3,733,403 | ) | | $ | 6,874,585 |
| | | | | | | | | | | Current portion of long-term debt | $ | — |
| | $ | — |
| | $ | 13,750 |
| | $ | — |
| | $ | 13,750 |
| Accounts payable, trade | 1,304 |
| | 36,293 |
| | 37,310 |
| | — |
| | 74,907 |
| Other current liabilities | 41,721 |
| | 95,405 |
| | 669,875 |
| | (12,100 | ) | | 794,901 |
| Long-term debt, net | 34,262 |
| | — |
| | 2,211,286 |
| | — |
| | 2,245,548 |
| Income taxes payable | 15 |
| | 1,707 |
| | 35,862 |
| | — |
| | 37,584 |
| Intercompany liabilities | 414,156 |
| | — |
| | 1,009,300 |
| | (1,423,456 | ) | | — |
| Other long-term liabilities | 261 |
| | 18,181 |
| | 257,594 |
| | (185,629 | ) | | 90,407 |
| Redeemable noncontrolling interests | — |
| | — |
| | 65,687 |
| | — |
| | 65,687 |
| Shareholders' equity (deficit) | 2,843,125 |
| | 2,329,075 |
| | (216,857 | ) | | (2,112,218 | ) | | 2,843,125 |
| Noncontrolling interests | — |
| | — |
| | 708,676 |
| | — |
| | 708,676 |
| Total liabilities and shareholders' equity | $ | 3,334,844 |
| | $ | 2,480,661 |
| | $ | 4,792,483 |
| | $ | (3,733,403 | ) | | $ | 6,874,585 |
|
Statement of operations for the three months ended June 30, 2019: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 200,963 |
| | $ | 985,825 |
| | $ | (130 | ) | | $ | 1,186,658 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 19 |
| | 90,383 |
| | 186,065 |
| | (78 | ) | | 276,389 |
| Selling and marketing expense | 384 |
| | 55,710 |
| | 355,086 |
| | (78 | ) | | 411,102 |
| General and administrative expense | 39,634 |
| | 11,270 |
| | 174,589 |
| | 21 |
| | 225,514 |
| Product development expense | 469 |
| | 13,353 |
| | 64,787 |
| | 5 |
| | 78,614 |
| Depreciation | 432 |
| | 2,914 |
| | 17,745 |
| | — |
| | 21,091 |
| Amortization of intangibles | — |
| | 1,148 |
| | 18,490 |
| | — |
| | 19,638 |
| Total operating costs and expenses | 40,938 |
| | 174,778 |
| | 816,762 |
| | (130 | ) | | 1,032,348 |
| Operating (loss) income | (40,938 | ) | | 26,185 |
| | 169,063 |
| | — |
| | 154,310 |
| Equity in earnings of unconsolidated affiliates | 145,997 |
| | 4,542 |
| | — |
| | (150,539 | ) | | — |
| Interest expense | (424 | ) | | — |
| | (36,782 | ) | | — |
| | (37,206 | ) | Other (expense) income, net | (7,801 | ) | | 12,741 |
| | 52,755 |
| | (11,723 | ) | | 45,972 |
| Earnings before income taxes | 96,834 |
| | 43,468 |
| | 185,036 |
| | (162,262 | ) | | 163,076 |
| Income tax benefit (provision) | 16,633 |
| | (4,136 | ) | | (28,782 | ) | | — |
| | (16,285 | ) | Net earnings | 113,467 |
| | 39,332 |
| | 156,254 |
| | (162,262 | ) | | 146,791 |
| Net earnings attributable to noncontrolling interests | — |
| | — |
| | (33,324 | ) | | — |
| | (33,324 | ) | Net earnings attributable to IAC shareholders | $ | 113,467 |
| | $ | 39,332 |
| | $ | 122,930 |
| | $ | (162,262 | ) | | $ | 113,467 |
| Comprehensive income attributable to IAC shareholders | $ | 114,558 |
| | $ | 39,117 |
| | $ | 124,408 |
| | $ | (163,525 | ) | | $ | 114,558 |
|
Statement of operations for the three months ended June 30, 2018: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 207,964 |
| | $ | 851,240 |
| | $ | (82 | ) | | $ | 1,059,122 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 75 |
| | 61,215 |
| | 156,991 |
| | (57 | ) | | 218,224 |
| Selling and marketing expense | 189 |
| | 80,302 |
| | 289,205 |
| | (36 | ) | | 369,660 |
| General and administrative expense | 31,652 |
| | 14,259 |
| | 142,441 |
| | 11 |
| | 188,363 |
| Product development expense | 564 |
| | 14,151 |
| | 60,730 |
| | — |
| | 75,445 |
| Depreciation | 266 |
| | 3,126 |
| | 15,413 |
| | — |
| | 18,805 |
| Amortization of intangibles | — |
| | 410 |
| | 19,778 |
| | — |
| | 20,188 |
| Total operating costs and expenses | 32,746 |
| | 173,463 |
| | 684,558 |
| | (82 | ) | | 890,685 |
| Operating (loss) income | (32,746 | ) | | 34,501 |
| | 166,682 |
| | — |
| | 168,437 |
| Equity in earnings of unconsolidated affiliates | 252,102 |
| | 5,054 |
| | — |
| | (257,156 | ) | | — |
| Interest expense | (423 | ) | | — |
| | (26,933 | ) | | — |
| | (27,356 | ) | Other income, net (a) | 6,436 |
| | 62,204 |
| | 153,770 |
| | (51,269 | ) | | 171,141 |
| Earnings before income taxes | 225,369 |
| | 101,759 |
| | 293,519 |
| | (308,425 | ) | | 312,222 |
| Income tax provision | (7,016 | ) | | (12,159 | ) | | (12,193 | ) | | — |
| | (31,368 | ) | Net earnings | 218,353 |
| | 89,600 |
| | 281,326 |
| | (308,425 | ) | | 280,854 |
| Net earnings attributable to noncontrolling interests | — |
| | — |
| | (62,501 | ) | | — |
| | (62,501 | ) | Net earnings attributable to IAC shareholders | $ | 218,353 |
| | $ | 89,600 |
| | $ | 218,825 |
| | $ | (308,425 | ) | | $ | 218,353 |
| Comprehensive income attributable to IAC shareholders | $ | 180,909 |
| | $ | 89,304 |
| | $ | 173,337 |
| | $ | (262,641 | ) | | $ | 180,909 |
|
_____________________ | | (a) | During the three months ended June 30, 2018, foreign cash of $50.0 million was repatriated to the U.S. |
Statement of operations for the six months ended June 30, 2019: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 399,893 |
| | $ | 1,892,803 |
| | $ | (195 | ) | | $ | 2,292,501 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 43 |
| | 172,529 |
| | 364,031 |
| | (143 | ) | | 536,460 |
| Selling and marketing expense | 746 |
| | 113,676 |
| | 718,648 |
| | (108 | ) | | 832,962 |
| General and administrative expense | 77,893 |
| | 21,804 |
| | 339,382 |
| | 51 |
| | 439,130 |
| Product development expense | 1,116 |
| | 25,390 |
| | 140,803 |
| | 5 |
| | 167,314 |
| Depreciation | 810 |
| | 5,836 |
| | 33,416 |
| | — |
| | 40,062 |
| Amortization of intangibles | — |
| | 5,025 |
| | 37,365 |
| | — |
| | 42,390 |
| Total operating costs and expenses | 80,608 |
| | 344,260 |
| | 1,633,645 |
| | (195 | ) | | 2,058,318 |
| Operating (loss) income | (80,608 | ) | | 55,633 |
| | 259,158 |
| | — |
| | 234,183 |
| Equity in earnings of unconsolidated affiliates | 261,437 |
| | 5,610 |
| | — |
| | (267,047 | ) | | — |
| Interest expense | (848 | ) | | — |
| | (67,501 | ) | | — |
| | (68,349 | ) | Other (expense) income, net | (9,698 | ) | | 26,592 |
| | 53,175 |
| | (23,446 | ) | | 46,623 |
| Earnings before income taxes | 170,283 |
| | 87,835 |
| | 244,832 |
| | (290,493 | ) | | 212,457 |
| Income tax benefit (provision) | 31,879 |
| | (9,259 | ) | | 24,699 |
| | — |
| | 47,319 |
| Net earnings | 202,162 |
| | 78,576 |
| | 269,531 |
| | (290,493 | ) | | 259,776 |
| Net earnings attributable to noncontrolling interests | — |
| | — |
| | (57,614 | ) | | — |
| | (57,614 | ) | Net earnings attributable to IAC shareholders | $ | 202,162 |
| | $ | 78,576 |
| | $ | 211,917 |
| | $ | (290,493 | ) | | $ | 202,162 |
| Comprehensive income attributable to IAC shareholders | $ | 204,248 |
| | $ | 78,572 |
| | $ | 214,508 |
| | $ | (293,080 | ) | | $ | 204,248 |
|
Statement of operations for the six months ended June 30, 2018: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Revenue | $ | — |
| | $ | 420,853 |
| | $ | 1,633,500 |
| | $ | (156 | ) | | $ | 2,054,197 |
| Operating costs and expenses: | | | | | | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 151 |
| | 117,439 |
| | 302,703 |
| | (107 | ) | | 420,186 |
| Selling and marketing expense | 402 |
| | 170,440 |
| | 601,731 |
| | (81 | ) | | 772,492 |
| General and administrative expense | 63,061 |
| | 29,640 |
| | 279,814 |
| | 32 |
| | 372,547 |
| Product development expense | 1,216 |
| | 28,420 |
| | 122,746 |
| | — |
| | 152,382 |
| Depreciation | 532 |
| | 6,466 |
| | 31,064 |
| | — |
| | 38,062 |
| Amortization of intangibles | — |
| | 919 |
| | 39,222 |
| | — |
| | 40,141 |
| Total operating costs and expenses | 65,362 |
| | 353,324 |
| | 1,377,280 |
| | (156 | ) | | 1,795,810 |
| Operating (loss) income | (65,362 | ) | | 67,529 |
| | 256,220 |
| | — |
| | 258,387 |
| Equity in earnings of unconsolidated affiliates | 354,852 |
| | 4,727 |
| | — |
| | (359,579 | ) | | — |
| Interest expense | (852 | ) | | — |
| | (53,009 | ) | | — |
| | (53,861 | ) | Other (expense) income, net (a) | (10,411 | ) | | 349,087 |
| | 155,960 |
| | (328,114 | ) | | 166,522 |
| Earnings before income taxes | 278,227 |
| | 421,343 |
| | 359,171 |
| | (687,693 | ) | | 371,048 |
| Income tax benefit (provision) | 11,208 |
| | (23,125 | ) | | 9,562 |
| | — |
| | (2,355 | ) | Net earnings | 289,435 |
| | 398,218 |
| | 368,733 |
| | (687,693 | ) | | 368,693 |
| Net earnings attributable to noncontrolling interests | — |
| | — |
| | (79,258 | ) | | — |
| | (79,258 | ) | Net earnings attributable to IAC shareholders | $ | 289,435 |
| | $ | 398,218 |
| | $ | 289,475 |
| | $ | (687,693 | ) | | $ | 289,435 |
| Comprehensive income attributable to IAC shareholders | $ | 280,348 |
| | $ | 398,265 |
| | $ | 278,664 |
| | $ | (676,929 | ) | | $ | 280,348 |
|
_____________________ | | (a) | During the six months ended June 30, 2018, foreign cash of $326.0 million was repatriated to the U.S. |
Statement of cash flows for the six months ended June 30, 2019: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities | $ | (54,883 | ) | | $ | 92,299 |
| | $ | 341,838 |
| | $ | (23,446 | ) | | $ | 355,808 |
| Cash flows from investing activities: | | | | | | | | | | Acquisitions, net of cash acquired | — |
| | (7,215 | ) | | (193,811 | ) | | — |
| | (201,026 | ) | Capital expenditures | (1,408 | ) | | (14,104 | ) | | (61,111 | ) | | — |
| | (76,623 | ) | Proceeds from maturities of marketable debt securities | 138,500 |
| | — |
| | 25,000 |
| | — |
| | 163,500 |
| Purchases of marketable debt securities | (39,740 | ) | | — |
| | — |
| | — |
| | (39,740 | ) | Net proceeds from the sale of businesses and investments | 170 |
| | 39 |
| | 23,164 |
| | — |
| | 23,373 |
| Other, net | — |
| | (3,270 | ) | | 1,114 |
| | — |
| | (2,156 | ) | Net cash provided by (used in) investing activities | 97,522 |
| | (24,550 | ) | | (205,644 | ) | | — |
| | (132,672 | ) | Cash flows from financing activities: | | | | | | | | | | Proceeds from issuance of IAC debt | — |
| | — |
| | 1,150,000 |
| | — |
| | 1,150,000 |
| Purchase of exchangeable note hedges | — |
| | — |
| | (303,428 | ) | | — |
| | (303,428 | ) | Proceeds from issuance of warrants | 166,520 |
| | — |
| | — |
| | — |
| | 166,520 |
| Borrowings under Match Group Credit Facility | — |
| | — |
| | 40,000 |
| | — |
| | 40,000 |
| Proceeds from Match Group 2019 Senior Notes offering | — |
| | — |
| | 350,000 |
| | — |
| | 350,000 |
| Principal payments on Match Group Credit Facility | — |
| | — |
| | (300,000 | ) | | — |
| | (300,000 | ) | Principal payments on ANGI Homeservices Term Loan | — |
| | — |
| | (6,875 | ) | | — |
| | (6,875 | ) | Debt issuance costs | — |
| | — |
| | (26,361 | ) | | — |
| | (26,361 | ) | Purchase of Match Group treasury stock | — |
| | — |
| | (76,086 | ) | | — |
| | (76,086 | ) | Proceeds from the exercise of IAC stock options | 9,767 |
| | — |
| | — |
| | — |
| | 9,767 |
| Proceeds from the exercise of Match Group and ANGI Homeservices stock options | — |
| | — |
| | 573 |
| | — |
| | 573 |
| Withholding taxes paid on behalf of IAC employees on net settled stock-based awards
| (32,789 | ) | | — |
| | — |
| | — |
| | (32,789 | ) | Withholding taxes paid on behalf of Match Group and ANGI Homeservices employees on net settled stock-based awards | — |
| | — |
| | (164,710 | ) | | — |
| | (164,710 | ) | Purchase of noncontrolling interests | (3,182 | ) | | — |
| | (2,939 | ) | | — |
| | (6,121 | ) | Distribution to IAC pursuant to the ANGI tax sharing agreement | 11,355 |
| | — |
| | (11,355 | ) | | — |
| | — |
| Intercompany | 921,515 |
| | (67,749 | ) | | (877,212 | ) | | 23,446 |
| | — |
| Other, net | — |
| | — |
| | (3,719 | ) | | — |
| | (3,719 | ) | Net cash provided by (used in) financing activities | 1,073,186 |
| | (67,749 | ) | | (232,112 | ) | | 23,446 |
| | 796,771 |
| Total cash provided (used) | 1,115,825 |
| | — |
| | (95,918 | ) | | — |
| | 1,019,907 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2 | ) | | — |
| | 363 |
| | — |
| | 361 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 1,115,823 |
| | — |
| | (95,555 | ) | | — |
| | 1,020,268 |
| Cash, cash equivalents, and restricted cash at beginning of period | 1,018,082 |
| | — |
| | 1,115,603 |
| | — |
| | 2,133,685 |
| Cash, cash equivalents, and restricted cash at end of period | $ | 2,133,905 |
| | $ | — |
| | $ | 1,020,048 |
| | $ | — |
| | $ | 3,153,953 |
|
Statement of cash flows for the six months ended June 30, 2018: | | | | | | | | | | | | | | | | | | | | | | IAC | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | IAC Consolidated | | (In thousands) | Net cash (used in) provided by operating activities | $ | (24,698 | ) | | $ | 418,153 |
| | $ | 314,884 |
| | $ | (328,537 | ) | | $ | 379,802 |
| Cash flows from investing activities: | | | | | | | | | | Acquisitions, net of cash acquired | (4,142 | ) | | — |
| | (13,371 | ) | | — |
| | (17,513 | ) | Capital expenditures | (2,200 | ) | | (847 | ) | | (36,649 | ) | | — |
| | (39,696 | ) | Proceeds from maturities of marketable debt securities | 10,000 |
| | — |
| | — |
| | — |
| | 10,000 |
| Purchases of marketable debt securities | (124,397 | ) | | — |
| | — |
| | — |
| | (124,397 | ) | Net proceeds from the sale of investments and businesses | 408 |
| | — |
| | 27,132 |
| | — |
| | 27,540 |
| Purchases of investments | (18,180 | ) | | — |
| | (13,000 | ) | | — |
| | (31,180 | ) | Other, net | (5,000 | ) | | 3,884 |
| | 10,715 |
| | — |
| | 9,599 |
| Net cash (used in) provided by investing activities | (143,511 | ) | | 3,037 |
| | (25,173 | ) | | — |
| | (165,647 | ) | Cash flows from financing activities: | | | | | | | | | | Principal payments on ANGI Homeservices Term Loan | — |
| | — |
| | (6,875 | ) | | — |
| | (6,875 | ) | Debt issuance costs | — |
| | — |
| | (532 | ) | | — |
| | (532 | ) | Purchase of IAC treasury stock | (7,869 | ) | |
| |
| |
| | (7,869 | ) | Purchase of Match Group treasury stock | — |
| | — |
| | (73,943 | ) | | — |
| | (73,943 | ) | Proceeds from the exercise of IAC stock options
| 27,317 |
| | — |
| | — |
| | — |
| | 27,317 |
| Proceeds from the exercise of Match Group and ANGI Homeservices stock options | — |
| | — |
| | 2,125 |
| | — |
| | 2,125 |
| Withholding taxes paid on behalf of IAC employees on net settled stock-based awards
| (495 | ) | | — |
| | — |
| | — |
| | (495 | ) | Withholding taxes paid on behalf of Match Group and ANGI Homeservices employees on net settled stock-based awards | — |
| | — |
| | (136,727 | ) | | — |
| | (136,727 | ) | Purchase of noncontrolling interests | — |
| | — |
| | (877 | ) | | — |
| | (877 | ) | Intercompany | 375,167 |
| | (421,190 | ) | | (282,514 | ) | | 328,537 |
| | — |
| Other, net | 2,311 |
| | — |
| | (7,140 | ) | | — |
| | (4,829 | ) | Net cash provided by (used in) financing activities | 396,431 |
| | (421,190 | ) | | (506,483 | ) | | 328,537 |
| | (202,705 | ) | Total cash provided (used) | 228,222 |
| | — |
| | (216,772 | ) | | — |
| | 11,450 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 11 |
| | — |
| | 33 |
| | — |
| | 44 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 228,233 |
| | — |
| | (216,739 | ) | | — |
| | 11,494 |
| Cash, cash equivalents, and restricted cash at beginning of period | 585,639 |
| | — |
| | 1,048,043 |
| | — |
| | 1,633,682 |
| Cash, cash equivalents, and restricted cash at end of period | $ | 813,872 |
| | $ | — |
| | $ | 831,304 |
| | $ | — |
| | $ | 1,645,176 |
|
|