Schedule of Quarterly Results |
| | | | | | | | | | | | | | | | | | Quarter Ended March 31 (a) | | Quarter Ended June 30 (a) | | Quarter Ended September 30 (a) | | Quarter Ended December 31(a) | | (In thousands, except per share data) | Year Ended December 31, 2019 | | | | | | | | Revenue | $ | 1,105,843 |
| | $ | 1,186,658 |
| | $ | 1,246,874 |
| | $ | 1,217,680 |
| Cost of revenue | 260,071 |
| | 276,389 |
| | 296,385 |
| | 294,575 |
| Operating income | 79,873 |
| | 154,310 |
| | 185,852 |
| | 161,298 |
| Net earnings | 112,985 |
| | 146,791 |
| | 159,772 |
| | 124,272 |
| Net earnings attributable to IAC shareholders | 88,695 |
| | 113,467 |
| | 128,544 |
| | 100,425 |
| Per share information attributable to IAC shareholders: | Basic earnings per share(f) | $ | 1.06 |
| | $ | 1.35 |
| | $ | 1.52 |
| | $ | 1.19 |
| Diluted earnings per share(f) | $ | 0.91 |
| | $ | 1.19 |
| | $ | 1.35 |
| | $ | 1.05 |
| | | | | | | | | | Quarter Ended March 31(b) | | Quarter Ended June 30(c) | | Quarter Ended September 30(d) | | Quarter Ended December 31(e) | | (In thousands, except per share data) | Year Ended December 31, 2018 | | | | | | | | Revenue | $ | 995,075 |
| | $ | 1,059,122 |
| | $ | 1,104,592 |
| | $ | 1,104,103 |
| Cost of revenue | 201,962 |
| | 218,224 |
| | 237,238 |
| | 253,722 |
| Operating income | 89,950 |
| | 168,437 |
| | 172,832 |
| | 133,920 |
| Net earnings | 87,839 |
| | 280,854 |
| | 171,577 |
| | 217,477 |
| Net earnings attributable to IAC shareholders | 71,082 |
| | 218,353 |
| | 145,774 |
| | 191,752 |
| Per share information attributable to IAC shareholders: | Basic earnings per share(f) | $ | 0.86 |
| | $ | 2.61 |
| | $ | 1.75 |
| | $ | 2.29 |
| Diluted earnings per share(f) | $ | 0.71 |
| | $ | 2.32 |
| | $ | 1.49 |
| | $ | 2.04 |
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_______________________________________________________________________________ | | (a) | The first, second, third and fourth quarters of 2019 include after-tax stock-based compensation expense of $2.2 million, $1.9 million, $1.7 million, and $1.7 million, respectively, related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination. |
| | (b) | The first quarter of 2018 includes after-tax stock-based compensation expense of $14.6 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $4.1 million related to the Combination (including $2.8 million of deferred revenue write-offs). |
| | (c) | The second quarter of 2018 includes: |
| | i. | after-tax stock-based compensation expense of $12.8 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $2.0 million related to the Combination (including $1.8 million of deferred revenue write-offs). |
| | ii. | after-tax realized and unrealized gains of $133.3 million related to the sale of a certain equity investment. |
| | (d) | The third quarter of 2018 includes after-tax stock-based compensation expense of $12.3 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination. |
| | (e) | The fourth quarter of 2018 includes: |
| | i. | after-tax stock-based compensation expense of $14.4 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination. |
| | ii. | combined after-tax gains of $92.5 million related to the sales of Dictionary.com, Electus, Felix and CityGrid. |
| | iii. | after-tax impairment charges related to indefinite-lived intangible assets of $21.3 million. |
(f) Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.
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