CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 3,139,295	$ 2,131,632
Marketable securities	19,993	123,665
Accounts receivable, net of allowance and reserves of $24,726 and $18,860, respectively	298,334	279,189
Other current assets	249,367	228,253
Total current assets	3,706,989	2,762,739
Right-of-use assets, net	167,801	0
Property and equipment, net	371,353	318,800
Goodwill	2,854,462	2,726,859
Intangible assets, net	578,474	631,422
Long-term investments	353,052	235,055
Deferred income taxes	167,054	64,786
Other non-current assets	133,640	134,924
TOTAL ASSETS	8,332,825	6,874,585
LIABILITIES:
Current portion of long-term debt	13,750	13,750
Accounts payable, trade	94,356	74,907
Deferred revenue	397,490	360,015
Accrued expenses and other current liabilities	502,003	434,886
Total current liabilities	1,007,599	883,558
Long-term debt, net	3,121,572	2,245,548
Income taxes payable	36,489	37,584
Deferred income taxes	21,388	23,600
Other long-term liabilities	202,932	66,807
Redeemable noncontrolling interests	44,527	65,687
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	11,683,799	12,022,387
Retained earnings	1,689,925	1,258,794
Accumulated other comprehensive loss	(136,349)	(128,722)
Treasury stock 194,708 shares	(10,309,612)	(10,309,612)
Total IAC shareholders' equity	2,928,042	2,843,125
Noncontrolling interests	970,276	708,676
Total shareholders' equity	3,898,318	3,551,801
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	8,332,825	6,874,585
Common stock $.001 par value; authorized 1,600,000 shares; issued 263,230 and 262,303 shares, respectively, and outstanding 78,890 and 77,963 shares, respectively
SHAREHOLDERS' EQUITY:
Common stock	263	262
Class B convertible common stock $.001 par value; authorized 400,000 shares; issued 16,157 shares and outstanding 5,789 shares
SHAREHOLDERS' EQUITY:
Common stock	$ 16	$ 16