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CONSOLIDATED FINANCIAL STATEMENT DETAILS
 12 Months Ended
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CONSOLIDATED FINANCIAL STATEMENT DETAILS
NOTE 17—CONSOLIDATED FINANCIAL STATEMENT DETAILS
 December 31,
 20212020
 (In thousands)
Other current assets:
Prepaid expenses$78,952 $71,793 
Capitalized mobile app fees41,744 33,539 
Other81,872 38,693 
Other current assets$202,568 $144,025 
 December 31,
 20212020
 (In thousands)
Property and equipment, net:
Computer equipment and capitalized software$171,335 $167,863 
Buildings and building improvements61,841 45,476 
Leasehold improvements40,895 28,711 
Land11,565 11,565 
Furniture and other equipment19,593 9,031 
Projects in progress39,769 14,474 
344,998 277,120 
Accumulated depreciation and amortization(181,742)(169,321)
Property and equipment, net$163,256 $107,799 
 December 31,
 20212020
 (In thousands)
Accrued expenses and other current liabilities:
Accrued legal settlement$441,000 $— 
Accrued employee compensation and benefits88,670 65,239 
Accrued advertising expense47,686 57,140 
Accrued non-income taxes32,725 29,600 
Accrued interest expense30,110 26,922 
Other128,175 52,847 
Accrued expenses and other current liabilities$768,366 $231,748 
 Years Ended December 31,
 202120202019
 (In thousands)
Other (expense) income, net$(465,038)$15,861 $(2,026)
Other expense, net, in 2021 includes a $441.0 million loss related to the former Tinder employee litigation settlement, a $14.6 million loss related to the changes in fair value of an embedded derivative arising from the repurchase of a portion of the 2022 Exchangeable Notes, a $5.2 million inducement expense arising from the repurchased 2022 Exchangeable Notes, and $1.8 million in net foreign currency losses, partially offset by $2.4 million of gains on the net settlement of the note hedges and warrants.
Other income, net in 2020 includes a legal settlement of $35.0 million and interest income of $2.7 million, partially offset by a loss on redemption of bonds of $16.5 million, expense of $3.4 million related to a mark-to-market adjustment pertaining to a liability classified equity instrument, and $0.6 million in net foreign currency losses.
Other expense, net, in 2019 includes a $4.0 million impairment of an equity investment, expense of $1.7 million related to a mark-to-market adjustment pertaining to a liability classified equity instrument, and $0.9 million in net foreign currency losses, partially offset by interest income of $4.4 million.
Cash and Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
December 31,
2021202020192018
(In thousands)
Cash and cash equivalents$815,384 $739,164 $465,676 $186,947 
Restricted cash included in other current assets
128 138 127 193 
Cash, cash equivalents, and restricted cash included in current assets of discontinued operations
— — 2,674,146 1,946,125 
Restricted cash included in non-current assets of discontinued operations
— — 409 420 
Total cash, cash equivalents and restricted cash as shown on the consolidated statement of cash flow
$815,512 $739,302 $3,140,358 $2,133,685 
Supplemental Disclosures of Cash Flow Information
 Years Ended December 31,
 202120202019
 (In thousands)
Cash paid (received) during the year for:  
Interest$117,528 $115,957 $85,559 
Income tax payments
$54,766 $41,024 $34,583 
Income tax refunds$(13,840)$(30,048)$(2,589)
Noncash issuance of common stock for the acquisition of Hyperconnect$890,851 $— $—