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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities attributable to continuing operations:    
Net earnings $ 445,278 $ 72,974
Add back: (earnings) loss from discontinued operations, net of tax (509) 366,070
Net earnings from continuing operations 444,769 439,044
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:    
Stock-based compensation expense 112,081 80,647
Depreciation 30,622 30,284
Amortization of intangibles 15,521 7,262
Deferred income taxes (21,749) 925
Other adjustments, net 49,761 24,211
Changes in assets and liabilities    
Accounts receivable (26,618) (87,920)
Other assets 17,729 (26,132)
Accounts payable and other liabilities (4,059) 18,281
Income taxes payable and receivable 18,443 5,315
Deferred revenue 30,425 26,928
Net cash provided by operating activities attributable to continuing operations 666,925 518,845
Cash flows from investing activities attributable to continuing operations:    
Acquisitions, net of cash (863,258) 0
Capital expenditures (52,811) (32,376)
Net cash distribution related to Separation of IAC 0 (3,870,550)
Purchases of investments 0 (9,115)
Other, net 26 (93)
Net cash used in investing activities attributable to continuing operations (916,043) (3,912,134)
Cash flows from financing activities attributable to continuing operations:    
Borrowings under the Credit Facility 0 20,000
Proceeds from Senior Notes offerings 0 1,000,000
Principal payments on Credit Facility 0 (20,000)
Principal payments on Senior Notes 0 (400,000)
Debt issuance costs (851) (13,517)
Proceeds from stock offering 0 1,421,801
Proceeds from issuance of common stock pursuant to stock-based awards 45,587 79,528
Withholding taxes paid on behalf of employees on net settled stock-based awards of Former Match Group and Match Group (15,726) (211,958)
Purchase of Former Match Group treasury stock 0 (132,868)
Purchase of noncontrolling interests (1,473) (15,827)
Other, net 150 (15,188)
Net cash provided by financing activities attributable to continuing operations 27,687 1,711,971
Total cash used in continuing operations (221,431) (1,681,318)
Net cash provided by operating activities attributable to discontinued operations 0 13,630
Net cash used in investing activities attributable to discontinued operations 0 (963,420)
Net cash used in financing activities attributable to discontinued operations 0 (110,959)
Total cash used in discontinued operations 0 (1,060,749)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (6,429) 725
Net decrease in cash, cash equivalents, and restricted cash (227,860) (2,741,342)
Cash, cash equivalents, and restricted cash at beginning of period 739,302 3,140,358
Cash, cash equivalents, and restricted cash at end of period $ 511,442 $ 399,016