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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities attributable to continuing operations:    
Net earnings from continuing operations $ 282,245 $ 236,908
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Stock-based compensation expense 43,312 50,012
Depreciation 19,063 17,045
Amortization of intangibles 6,803 823
Deferred income taxes (21,025) (39,332)
Other adjustments, net 41,319 13,827
Changes in assets and liabilities    
Accounts receivable (69,228) (61,414)
Other assets (10,144) (13,591)
Accounts payable and other liabilities (13,349) (4,757)
Income taxes payable and receivable (16,242) (9,787)
Deferred revenue 13,133 15,483
Net cash provided by operating activities attributable to continuing operations 275,887 205,217
Cash flows from investing activities attributable to continuing operations:    
Net cash used in business combinations 0 (3,759)
Capital expenditures (18,124) (20,851)
Net cash distribution related to Separation of IAC (2,448,749) 0
Other, net (118) 1,118
Net cash used in investing activities attributable to continuing operations (2,466,991) (23,492)
Cash flows from financing activities attributable to continuing operations:    
Borrowings under the Credit Facility 20,000 40,000
Principal payments on Credit Facility 0 (300,000)
Principal payments on Senior Notes (400,000) 0
Purchase of exchangeable note hedges 0 (303,428)
Proceeds from issuance of warrants 0 166,520
Debt issuance costs (13,195) (26,361)
Withholding taxes paid on behalf of employees on net settled stock-based awards of Former Match Group (209,698) (138,465)
Purchase of Former Match Group treasury stock (132,868) (76,086)
Purchase of noncontrolling interests (15,827) 0
Other, net (12,745) 27
Net cash provided by financing activities attributable to continuing operations 235,667 862,207
Total cash (used in) provided by continuing operations (1,955,437) 1,043,932
Net cash provided by operating activities attributable to discontinued operations 20,031 150,590
Net cash used in investing activities attributable to discontinued operations (963,420) (109,180)
Net cash used in financing activities attributable to discontinued operations (110,959) (65,435)
Total cash used in discontinued operations (1,054,348) (24,025)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,152) 361
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,010,937) 1,020,268
Cash, cash equivalents, and restricted cash at beginning of period 3,140,358 2,133,685
Cash, cash equivalents, and restricted cash at end of period 129,421 3,153,953
Senior Notes    
Cash flows from financing activities attributable to continuing operations:    
Proceeds from Senior debt offerings 1,000,000 350,000
Exchangeable Notes    
Cash flows from financing activities attributable to continuing operations:    
Proceeds from Senior debt offerings $ 0 $ 1,150,000